CODEWARE: 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.
CODEWARE
Largest movements
- Current investments -€13,660
down €13,660 (-17.0%), from €80,166 to €66,506
- Receivables within one year +€7,865
up €7,865 (+48.8%), from €16,101 to €23,965
of which Trade receivables: +€9,656
- Cash -€2,545
down €2,545 (-12.5%), from €20,361 to €17,816
mainly Other debts (-€41,589) and Receivables within one year (-€7,865)
- Other debts -€41,589
down €41,589 (-90.3%), from €46,037 to €4,448
- Reserves +€20,454
up €20,454 (+28.3%), from €72,315 to €92,769
- Trade debts +€5,629
up €5,629 (+72.7%), from €7,740 to €13,369
- Tax, wage and social debts +€4,376
up €4,376 (+36.0%), from €12,166 to €16,541
of which Taxes: +€4,376
- Gross operating margin -€16,736
down €16,736 (-35.2%), from €47,492 to €30,756
- Depreciation -€9,138
down €9,138 (-68.3%), from €13,371 to €4,234
- Financial income +€3,083
up €3,083 (+23163.6%), from €13 to €3,096
- Taxes -€1,039
down €1,039 (-11.1%), from €9,357 to €8,317
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 | €144,462 | €134,598 | -€9,864 | -6.8% |
| Fixed assets | 21/28 | €26,586 | €25,499 | -€1,086 | -4.1% |
| Tangible fixed assets | 22/27 | €26,586 | €25,499 | -€1,086 | -4.1% |
| Land and buildings | 22 | €25,664 | €22,203 | -€3,461 | -13.5% |
| Plant, machinery and equipment | 23 | €921 | €3,297 | +€2,375 | +257.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €117,877 | €109,099 | -€8,778 | -7.4% |
| Amounts receivable within one year | 40/41 | €16,101 | €23,965 | +€7,865 | +48.8% |
| Trade receivables | 40 | €14,309 | €23,965 | +€9,656 | +67.5% |
| Other amounts receivable | 41 | €1,792 | €0 | -€1,792 | -100.0% |
| Current investments | 50/53 | €80,166 | €66,506 | -€13,660 | -17.0% |
| Cash at bank and in hand | 54/58 | €20,361 | €17,816 | -€2,545 | -12.5% |
| Deferred charges and accrued income | 490/1 | €1,249 | €812 | -€437 | -35.0% |
| Total equity and liabilities | 10/49 | €144,462 | €134,598 | -€9,864 | -6.8% |
| Equity | 10/15 | €78,520 | €98,974 | +€20,454 | +26.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €72,315 | €92,769 | +€20,454 | +28.3% |
| Distributable reserves | 133 | €72,315 | €92,769 | +€20,454 | +28.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,942 | €35,624 | -€30,318 | -46.0% |
| Amounts payable within one year | 42/48 | €65,942 | €35,381 | -€30,561 | -46.3% |
| Financial debts | 43 | - | €1,023 | +€1,023 | |
| Other loans | 439 | - | €1,023 | +€1,023 | |
| Trade debts | 44 | €7,740 | €13,369 | +€5,629 | +72.7% |
| Suppliers | 440/4 | €7,740 | €13,369 | +€5,629 | +72.7% |
| Taxes, remuneration and social security | 45 | €12,166 | €16,541 | +€4,376 | +36.0% |
| Taxes | 450/3 | €9,456 | €13,831 | +€4,376 | +46.3% |
| Remuneration and social security | 454/9 | €2,710 | €2,710 | = | 0.0% |
| Other amounts payable | 47/48 | €46,037 | €4,448 | -€41,589 | -90.3% |
| Accrued charges and deferred income | 492/3 | - | €243 | +€243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,371 | €4,234 | -€9,138 | -68.3% |
| Other operating charges | 640/8 | €1,075 | €782 | -€293 | -27.2% |
| Gross operating margin | 9900 | €47,492 | €30,756 | -€16,736 | -35.2% |
| Operating profit (loss) | 9901 | €33,046 | €25,741 | -€7,305 | -22.1% |
| Financial income | 75/76B | €13 | €3,096 | +€3,083 | +23163.6% |
| Recurring financial income | 75 | €13 | €3,096 | +€3,083 | +23163.6% |
| Financial charges | 65/66B | €364 | €66 | -€299 | -82.0% |
| Recurring financial charges | 65 | €364 | €66 | -€299 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | €32,695 | €28,771 | -€3,923 | -12.0% |
| Income taxes | 67/77 | €9,357 | €8,317 | -€1,039 | -11.1% |
| Profit (loss) for the period | 9904 | €23,338 | €20,454 | -€2,884 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,338 | €20,454 | -€2,884 | -12.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.