Codeverse: 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.
Codeverse
Largest movements
- Cash +€28,971
up €28,971 (+174.7%), from €16,583 to €45,554
mainly Net result for the year (+€63,579) and Other debts (+€61,897)
- Receivables within one year -€13,493
down €13,493 (-47.0%), from €28,723 to €15,230
of which Trade receivables: -€15,847
- Intangible fixed assets -€3,000
down €3,000 (-13.9%), from €21,551 to €18,551
- Tangible fixed assets -€2,668
down €2,668 (-33.4%), from €7,979 to €5,312
of which Furniture and vehicles: -€1,575
- Other debts +€61,897
up €61,897 (+340.3%), from €18,190 to €80,087
- Profit (loss) carried forward -€42,088
down €42,088 (-100.0%), from €42,088 to €0
- Tax, wage and social debts -€7,867
down €7,867 (-99.9%), from €7,876 to €8
- Trade debts -€1,577
down €1,577 (-43.9%), from €3,594 to €2,017
- Gross operating margin +€26,066
up €26,066 (+40.1%), from €64,950 to €91,016
- Taxes +€5,162
up €5,162 (+45.1%), from €11,453 to €16,615
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 | €76,233 | €86,338 | +€10,104 | +13.3% |
| Fixed assets | 21/28 | €29,530 | €23,862 | -€5,668 | -19.2% |
| Intangible fixed assets | 21 | €21,551 | €18,551 | -€3,000 | -13.9% |
| Tangible fixed assets | 22/27 | €7,979 | €5,312 | -€2,668 | -33.4% |
| Plant, machinery and equipment | 23 | €5,506 | €4,414 | -€1,092 | -19.8% |
| Furniture and vehicles | 24 | €2,473 | €898 | -€1,575 | -63.7% |
| Current assets | 29/58 | €46,703 | €62,476 | +€15,772 | +33.8% |
| Amounts receivable within one year | 40/41 | €28,723 | €15,230 | -€13,493 | -47.0% |
| Trade receivables | 40 | €28,619 | €12,772 | -€15,847 | -55.4% |
| Other amounts receivable | 41 | €105 | €2,459 | +€2,354 | +2249.9% |
| Cash at bank and in hand | 54/58 | €16,583 | €45,554 | +€28,971 | +174.7% |
| Deferred charges and accrued income | 490/1 | €1,397 | €1,691 | +€294 | +21.0% |
| Total equity and liabilities | 10/49 | €76,233 | €86,338 | +€10,104 | +13.3% |
| Equity | 10/15 | €45,088 | €3,000 | -€42,088 | -93.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,088 | €0 | -€42,088 | -100.0% |
| Amounts payable | 17/49 | €31,146 | €83,338 | +€52,192 | +167.6% |
| Amounts payable within one year | 42/48 | €29,660 | €82,112 | +€52,453 | +176.8% |
| Trade debts | 44 | €3,594 | €2,017 | -€1,577 | -43.9% |
| Suppliers | 440/4 | €3,594 | €2,017 | -€1,577 | -43.9% |
| Taxes, remuneration and social security | 45 | €7,876 | €8 | -€7,867 | -99.9% |
| Taxes | 450/3 | €7,876 | €8 | -€7,867 | -99.9% |
| Other amounts payable | 47/48 | €18,190 | €80,087 | +€61,897 | +340.3% |
| Accrued charges and deferred income | 492/3 | €1,486 | €1,225 | -€260 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,323 | €8,280 | -€42 | -0.5% |
| Other operating charges | 640/8 | €1,229 | €1,020 | -€209 | -17.0% |
| Gross operating margin | 9900 | €64,950 | €91,016 | +€26,066 | +40.1% |
| Operating profit (loss) | 9901 | €55,398 | €81,716 | +€26,317 | +47.5% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100.0% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100.0% |
| Financial charges | 65/66B | €1,871 | €1,522 | -€349 | -18.6% |
| Recurring financial charges | 65 | €1,871 | €1,522 | -€349 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €53,541 | €80,194 | +€26,653 | +49.8% |
| Income taxes | 67/77 | €11,453 | €16,615 | +€5,162 | +45.1% |
| Profit (loss) for the period | 9904 | €42,088 | €63,579 | +€21,491 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,088 | €63,579 | +€21,491 | +51.1% |
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 29 September 2026 via checked.be.