CODESK: what changed
Two financial 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.
CODESK
Largest movements
- Cash -€2,324
down €2,324 (-22.4%), from €10,368 to €8,044
mainly Tax, wage and social debts (-€2,241) and Net result for the year (-€1,271)
- Receivables within one year -€866
down €866 (-31.2%), from €2,773 to €1,907
of which Trade receivables: -€636
- Tangible fixed assets -€432
down €432 (-12.9%), from €3,336 to €2,904
- Tax, wage and social debts -€2,241
down €2,241 (-100.0%), from €2,241 to €0
- Profit (loss) carried forward -€1,271
down €1,271 (-13.3%), from €9,542 to €8,271
- Trade debts -€526
down €526 (-100.0%), from €526 to €0
- Other debts +€416
up €416 (+35.7%), from €1,168 to €1,584
- Gross operating margin +€873
up €873 (+49.1%), from -€1,780 to -€907
- Financial income -€486
down €486 (-44.5%), from €1,094 to €607
- Financial charges -€24
down €24 (-14.6%), from €164 to €140
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 | €16,477 | €12,855 | -€3,622 | -22.0% |
| Fixed assets | 21/28 | €3,336 | €2,904 | -€432 | -12.9% |
| Tangible fixed assets | 22/27 | €3,336 | €2,904 | -€432 | -12.9% |
| Plant, machinery and equipment | 23 | €3,336 | €2,904 | -€432 | -12.9% |
| Current assets | 29/58 | €13,141 | €9,951 | -€3,190 | -24.3% |
| Amounts receivable within one year | 40/41 | €2,773 | €1,907 | -€866 | -31.2% |
| Trade receivables | 40 | €636 | €0 | -€636 | -100.0% |
| Other amounts receivable | 41 | €2,137 | €1,907 | -€230 | -10.8% |
| Cash at bank and in hand | 54/58 | €10,368 | €8,044 | -€2,324 | -22.4% |
| Total equity and liabilities | 10/49 | €16,477 | €12,855 | -€3,622 | -22.0% |
| Equity | 10/15 | €12,542 | €11,271 | -€1,271 | -10.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,542 | €8,271 | -€1,271 | -13.3% |
| Amounts payable | 17/49 | €3,935 | €1,584 | -€2,351 | -59.7% |
| Amounts payable within one year | 42/48 | €3,935 | €1,584 | -€2,351 | -59.7% |
| Trade debts | 44 | €526 | €0 | -€526 | -100.0% |
| Suppliers | 440/4 | €526 | €0 | -€526 | -100.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,241 | €0 | -€2,241 | -100.0% |
| Taxes | 450/3 | €2,241 | €0 | -€2,241 | -100.0% |
| Other amounts payable | 47/48 | €1,168 | €1,584 | +€416 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €432 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,780 | -€907 | +€873 | +49.1% |
| Operating profit (loss) | 9901 | -€2,599 | -€1,738 | +€861 | +33.1% |
| Financial income | 75/76B | €1,094 | €607 | -€486 | -44.5% |
| Recurring financial income | 75 | €1,094 | €607 | -€486 | -44.5% |
| Financial charges | 65/66B | €164 | €140 | -€24 | -14.6% |
| Recurring financial charges | 65 | €164 | €140 | -€24 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,670 | -€1,271 | +€399 | +23.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,670 | -€1,271 | +€399 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,670 | -€1,271 | +€399 | +23.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.