CodeSense: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CodeSense
Largest movements
- Receivables within one year +€221,626
up €221,626 (+19.7%), from €1.1m to €1.3m
of which Other amounts receivable: +€233,531
- Intangible fixed assets -€35,833
down €35,833 (-70.5%), from €50,833 to €15,000
- Reserves +€243,470
up €243,470 (+36.9%), from €659,350 to €902,820
of which Distributable reserves: +€214,000
- Tax, wage and social debts -€61,496
down €61,496 (-17.6%), from €349,072 to €287,575
of which Remuneration and social security: -€38,437
- Trade debts -€22,756
down €22,756 (-12.6%), from €180,817 to €158,061
- Turnover -€410,296
down €410,296 (-10.5%), from €3.9m to €3.5m
- Gross operating margin -€301,711
down €301,711 (-11.2%), from €2.7m to €2.4m
- Staff costs -€261,854
down €261,854 (-11.9%), from €2.2m to €1.9m
- Purchases and services -€108,293
down €108,293 (-8.7%), from €1.2m to €1.1m
- Depreciation -€73,372
down €73,372 (-57.8%), from €126,888 to €53,516
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,252,887 | €1,420,204 | +€167,316 | +13.4% |
| Fixed assets | 21/28 | €81,264 | €32,582 | -€48,682 | -59.9% |
| Intangible fixed assets | 21 | €50,833 | €15,000 | -€35,833 | -70.5% |
| Tangible fixed assets | 22/27 | €30,431 | €17,582 | -€12,849 | -42.2% |
| Plant, machinery and equipment | 23 | €30,410 | €17,582 | -€12,828 | -42.2% |
| Other tangible fixed assets | 26 | €21 | - | -€21 | |
| Current assets | 29/58 | €1,171,623 | €1,387,621 | +€215,998 | +18.4% |
| Amounts receivable within one year | 40/41 | €1,126,298 | €1,347,924 | +€221,626 | +19.7% |
| Trade receivables | 40 | €545,323 | €533,418 | -€11,905 | -2.2% |
| Other amounts receivable | 41 | €580,976 | €814,507 | +€233,531 | +40.2% |
| Cash at bank and in hand | 54/58 | €14,687 | €12,564 | -€2,123 | -14.5% |
| Deferred charges and accrued income | 490/1 | €30,638 | €27,133 | -€3,505 | -11.4% |
| Total equity and liabilities | 10/49 | €1,252,887 | €1,420,204 | +€167,316 | +13.4% |
| Equity | 10/15 | €721,953 | €965,613 | +€243,661 | +33.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €659,350 | €902,820 | +€243,470 | +36.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €92,620 | +€29,470 | +46.7% |
| Distributable reserves | 133 | €590,000 | €804,000 | +€214,000 | +36.3% |
| Profit (loss) carried forward | 14 | €603 | €793 | +€191 | +31.7% |
| Provisions and deferred taxes | 16 | €141 | €1,310 | +€1,168 | +825.8% |
| Provisions for liabilities and charges | 160/5 | €141 | €1,310 | +€1,168 | +825.8% |
| Pensions and similar obligations | 160 | €141 | €1,310 | +€1,168 | +825.8% |
| Amounts payable | 17/49 | €530,793 | €453,280 | -€77,513 | -14.6% |
| Amounts payable within one year | 42/48 | €529,889 | €452,636 | -€77,253 | -14.6% |
| Trade debts | 44 | €180,817 | €158,061 | -€22,756 | -12.6% |
| Suppliers | 440/4 | €180,817 | €158,061 | -€22,756 | -12.6% |
| Taxes, remuneration and social security | 45 | €349,072 | €287,575 | -€61,496 | -17.6% |
| Taxes | 450/3 | €122,432 | €99,373 | -€23,059 | -18.8% |
| Remuneration and social security | 454/9 | €226,640 | €188,202 | -€38,437 | -17.0% |
| Other amounts payable | 47/48 | - | €7,000 | +€7,000 | |
| Accrued charges and deferred income | 492/3 | €905 | €645 | -€260 | -28.7% |
| Turnover | 70 | €3,893,813 | €3,483,517 | -€410,296 | -10.5% |
| Non-recurring operating income | 76A | - | €218 | +€218 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,248,031 | €1,139,738 | -€108,293 | -8.7% |
| Remuneration, social security and pensions | 62 | €2,192,253 | €1,930,399 | -€261,854 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,888 | €53,516 | -€73,372 | -57.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €141 | €1,168 | +€1,027 | +725.8% |
| Other operating charges | 640/8 | €14,557 | €10,395 | -€4,161 | -28.6% |
| Non-recurring operating charges | 66A | €632 | - | -€632 | |
| Gross operating margin | 9900 | €2,686,643 | €2,384,932 | -€301,711 | -11.2% |
| Operating profit (loss) | 9901 | €352,171 | €389,453 | +€37,282 | +10.6% |
| Financial income | 75/76B | €4,710 | €9,422 | +€4,712 | +100.0% |
| Recurring financial income | 75 | €4,710 | €9,422 | +€4,712 | +100.0% |
| Financial charges | 65/66B | €59,687 | €54,532 | -€5,155 | -8.6% |
| Recurring financial charges | 65 | €59,687 | €54,532 | -€5,155 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €297,194 | €344,343 | +€47,149 | +15.9% |
| Income taxes | 67/77 | €90,079 | €100,682 | +€10,603 | +11.8% |
| Profit (loss) for the period | 9904 | €207,115 | €243,661 | +€36,546 | +17.6% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €29,470 | -€33,680 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €143,965 | €214,191 | +€70,226 | +48.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.