CODEVCO XVII: 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.
CODEVCO XVII
Largest movements
- Cash -€2,796
down €2,796 (-4.4%), from €64,257 to €61,460
- Receivables within one year +€2,640
new in 2026: €2,640
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€1,107
down €1,107 (-55.2%), from €2,004 to €897
- Gross operating margin +€579
up €579 (+45.9%), from -€1,262 to -€683
- Financial charges -€528
down €528 (-71.2%), from €742 to €214
From the 2025 result to the 2026 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,257 | €64,100 | -€157 | -0.2% |
| Current assets | 29/58 | €64,257 | €64,100 | -€157 | -0.2% |
| Amounts receivable within one year | 40/41 | - | €2,640 | +€2,640 | |
| Trade receivables | 40 | - | €2,640 | +€2,640 | |
| Cash at bank and in hand | 54/58 | €64,257 | €61,460 | -€2,796 | -4.4% |
| Total equity and liabilities | 10/49 | €64,257 | €64,100 | -€157 | -0.2% |
| Equity | 10/15 | €61,500 | €61,500 | = | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Amounts payable | 17/49 | €2,757 | €2,600 | -€157 | -5.7% |
| Amounts payable within one year | 42/48 | €2,757 | €2,600 | -€157 | -5.7% |
| Trade debts | 44 | €2,757 | €2,600 | -€157 | -5.7% |
| Suppliers | 440/4 | €2,757 | €2,600 | -€157 | -5.7% |
| Gross operating margin | 9900 | -€1,262 | -€683 | +€579 | +45.9% |
| Operating profit (loss) | 9901 | -€1,262 | -€683 | +€579 | +45.9% |
| Financial income | 75/76B | €2,004 | €897 | -€1,107 | -55.2% |
| Recurring financial income | 75 | €2,004 | €897 | -€1,107 | -55.2% |
| Financial charges | 65/66B | €742 | €214 | -€528 | -71.2% |
| Recurring financial charges | 65 | €742 | €214 | -€528 | -71.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.