Codevert IT: 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.
Codevert IT
Largest movements
- Receivables within one year -€40,844
down €40,844 (-76.4%), from €53,441 to €12,596
of which Other amounts receivable: -€27,612
- Cash +€3,984
up €3,984 (+5.7%), from €69,848 to €73,832
mainly Net result for the year (+€48,230) and Receivables within one year (+€40,844)
- Deferred charges and accrued income -€1,971
down €1,971 (-47.0%), from €4,191 to €2,220
- Tangible fixed assets -€1,339
down €1,339 (-39.9%), from €3,357 to €2,019
- Reserves -€25,500
down €25,500 (-93.2%), from €27,355 to €1,855
- Trade debts -€12,856
down €12,856 (-97.6%), from €13,166 to €310
- Other debts -€3,740
down €3,740 (-4.8%), from €77,491 to €73,751
- Tax, wage and social debts +€3,131
up €3,131 (+27.3%), from €11,471 to €14,601
of which Taxes: +€3,131
- Gross operating margin -€3,807
down €3,807 (-5.7%), from €66,845 to €63,038
- Taxes -€813
down €813 (-6.1%), from €13,296 to €12,484
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 | €130,837 | €90,667 | -€40,170 | -30.7% |
| Fixed assets | 21/28 | €3,357 | €2,019 | -€1,339 | -39.9% |
| Tangible fixed assets | 22/27 | €3,357 | €2,019 | -€1,339 | -39.9% |
| Furniture and vehicles | 24 | €3,357 | €2,019 | -€1,339 | -39.9% |
| Current assets | 29/58 | €127,480 | €88,648 | -€38,832 | -30.5% |
| Amounts receivable within one year | 40/41 | €53,441 | €12,596 | -€40,844 | -76.4% |
| Trade receivables | 40 | €24,812 | €11,580 | -€13,233 | -53.3% |
| Other amounts receivable | 41 | €28,628 | €1,016 | -€27,612 | -96.4% |
| Cash at bank and in hand | 54/58 | €69,848 | €73,832 | +€3,984 | +5.7% |
| Deferred charges and accrued income | 490/1 | €4,191 | €2,220 | -€1,971 | -47.0% |
| Total equity and liabilities | 10/49 | €130,837 | €90,667 | -€40,170 | -30.7% |
| Equity | 10/15 | €27,376 | €1,855 | -€25,521 | -93.2% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €27,355 | €1,855 | -€25,500 | -93.2% |
| Distributable reserves | 133 | €27,355 | €1,855 | -€25,500 | -93.2% |
| Profit (loss) carried forward | 14 | €21 | €0 | -€21 | -100.0% |
| Amounts payable | 17/49 | €103,461 | €88,812 | -€14,650 | -14.2% |
| Amounts payable within one year | 42/48 | €102,127 | €88,662 | -€13,466 | -13.2% |
| Trade debts | 44 | €13,166 | €310 | -€12,856 | -97.6% |
| Suppliers | 440/4 | €13,166 | €310 | -€12,856 | -97.6% |
| Taxes, remuneration and social security | 45 | €11,471 | €14,601 | +€3,131 | +27.3% |
| Taxes | 450/3 | €9,471 | €12,601 | +€3,131 | +33.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €77,491 | €73,751 | -€3,740 | -4.8% |
| Accrued charges and deferred income | 492/3 | €1,334 | €150 | -€1,184 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,382 | €1,339 | -€43 | -3.1% |
| Other operating charges | 640/8 | €978 | €1,301 | +€324 | +33.1% |
| Gross operating margin | 9900 | €66,845 | €63,038 | -€3,807 | -5.7% |
| Operating profit (loss) | 9901 | €64,485 | €60,398 | -€4,087 | -6.3% |
| Financial income | 75/76B | €974 | €387 | -€588 | -60.3% |
| Recurring financial income | 75 | €974 | €387 | -€588 | -60.3% |
| Financial charges | 65/66B | €118 | €70 | -€47 | -40.2% |
| Recurring financial charges | 65 | €118 | €70 | -€47 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €65,342 | €60,714 | -€4,628 | -7.1% |
| Income taxes | 67/77 | €13,296 | €12,484 | -€813 | -6.1% |
| Profit (loss) for the period | 9904 | €52,046 | €48,230 | -€3,815 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,046 | €48,230 | -€3,815 | -7.3% |
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.