CodeSource: 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.
CodeSource
Largest movements
- Receivables within one year +€66,773
up €66,773 (+237.9%), from €28,063 to €94,836
of which Trade receivables: +€72,683
- Cash -€44,141
down €44,141 (-52.6%), from €83,977 to €39,836
mainly Receivables within one year (-€66,773) and Other debts (-€21,806)
- Reserves +€71,470
new in 2025: €71,470
- Profit (loss) carried forward -€40,000
no longer reported in 2025 (was €40,000)
- Other debts -€21,806
down €21,806 (-29.0%), from €75,257 to €53,451
- Tax, wage and social debts +€8,521
up €8,521 (+309.4%), from €2,754 to €11,274
- Trade debts +€3,492
up €3,492 (+121.6%), from €2,871 to €6,363
- Gross operating margin -€18,258
down €18,258 (-29.1%), from €62,736 to €44,477
- Taxes -€3,847
down €3,847 (-30.2%), from €12,722 to €8,875
- Other operating charges -€1,765
down €1,765 (-82.0%), from €2,153 to €387
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 | €123,881 | €145,557 | +€21,676 | +17.5% |
| Fixed assets | 21/28 | €11,091 | €10,528 | -€563 | -5.1% |
| Tangible fixed assets | 22/27 | €8,591 | €8,028 | -€563 | -6.6% |
| Furniture and vehicles | 24 | €4,793 | €4,972 | +€180 | +3.8% |
| Other tangible fixed assets | 26 | €3,799 | €3,055 | -€743 | -19.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €112,790 | €135,030 | +€22,240 | +19.7% |
| Amounts receivable within one year | 40/41 | €28,063 | €94,836 | +€66,773 | +237.9% |
| Trade receivables | 40 | €18,528 | €91,211 | +€72,683 | +392.3% |
| Other amounts receivable | 41 | €9,534 | €3,625 | -€5,910 | -62.0% |
| Cash at bank and in hand | 54/58 | €83,977 | €39,836 | -€44,141 | -52.6% |
| Deferred charges and accrued income | 490/1 | €750 | €358 | -€392 | -52.3% |
| Total equity and liabilities | 10/49 | €123,881 | €145,557 | +€21,676 | +17.5% |
| Equity | 10/15 | €43,000 | €74,470 | +€31,470 | +73.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €71,470 | +€71,470 | |
| Distributable reserves | 133 | - | €71,470 | +€71,470 | |
| Profit (loss) carried forward | 14 | €40,000 | - | -€40,000 | |
| Amounts payable | 17/49 | €80,881 | €71,088 | -€9,793 | -12.1% |
| Amounts payable within one year | 42/48 | €80,881 | €71,088 | -€9,793 | -12.1% |
| Trade debts | 44 | €2,871 | €6,363 | +€3,492 | +121.6% |
| Suppliers | 440/4 | €2,871 | €6,363 | +€3,492 | +121.6% |
| Taxes, remuneration and social security | 45 | €2,754 | €11,274 | +€8,521 | +309.4% |
| Taxes | 450/3 | €2,754 | €11,274 | +€8,521 | +309.4% |
| Other amounts payable | 47/48 | €75,257 | €53,451 | -€21,806 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,495 | €3,824 | +€329 | +9.4% |
| Other operating charges | 640/8 | €2,153 | €387 | -€1,765 | -82.0% |
| Gross operating margin | 9900 | €62,736 | €44,477 | -€18,258 | -29.1% |
| Operating profit (loss) | 9901 | €57,088 | €40,266 | -€16,822 | -29.5% |
| Financial income | 75/76B | €62 | €172 | +€110 | +179.2% |
| Recurring financial income | 75 | €62 | €172 | +€110 | +179.2% |
| Financial charges | 65/66B | €115 | €92 | -€22 | -19.5% |
| Recurring financial charges | 65 | €115 | €92 | -€22 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €57,035 | €40,345 | -€16,690 | -29.3% |
| Income taxes | 67/77 | €12,722 | €8,875 | -€3,847 | -30.2% |
| Profit (loss) for the period | 9904 | €44,312 | €31,470 | -€12,843 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,312 | €31,470 | -€12,843 | -29.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.