CODEX TRADUCTIONS: 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.
CODEX TRADUCTIONS
Largest movements
- Tangible fixed assets -€19,633
down €19,633 (-11.7%), from €167,208 to €147,575
of which Land and buildings: -€18,562
- Receivables within one year -€5,443
down €5,443 (-32.9%), from €16,542 to €11,099
of which Trade receivables: -€6,230
- Debts after one year -€22,357
down €22,357 (-32.4%), from €68,983 to €46,626
- Tax, wage and social debts -€3,828
down €3,828 (-82.5%), from €4,638 to €810
- Other operating charges +€756
up €756 (+70.2%), from €1,077 to €1,833
- Financial charges -€614
down €614 (-7.6%), from €8,120 to €7,506
- Gross operating margin -€487
down €487 (-1.6%), from €29,815 to €29,329
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,771 | €158,711 | -€25,060 | -13.6% |
| Fixed assets | 21/28 | €167,208 | €147,575 | -€19,633 | -11.7% |
| Tangible fixed assets | 22/27 | €167,208 | €147,575 | -€19,633 | -11.7% |
| Land and buildings | 22 | €164,359 | €145,798 | -€18,562 | -11.3% |
| Plant, machinery and equipment | 23 | €1,683 | €1,122 | -€561 | -33.3% |
| Furniture and vehicles | 24 | €1,166 | €655 | -€511 | -43.8% |
| Current assets | 29/58 | €16,563 | €11,136 | -€5,427 | -32.8% |
| Amounts receivable within one year | 40/41 | €16,542 | €11,099 | -€5,443 | -32.9% |
| Trade receivables | 40 | €14,820 | €8,590 | -€6,230 | -42.0% |
| Other amounts receivable | 41 | €1,722 | €2,509 | +€787 | +45.7% |
| Cash at bank and in hand | 54/58 | €21 | €37 | +€16 | +75.7% |
| Total equity and liabilities | 10/49 | €183,771 | €158,711 | -€25,060 | -13.6% |
| Equity | 10/15 | €33,929 | €34,062 | +€133 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €15,337 | €15,337 | = | 0.0% |
| Distributable reserves | 133 | €15,337 | €15,337 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €133 | +€133 | |
| Amounts payable | 17/49 | €149,842 | €124,649 | -€25,193 | -16.8% |
| Amounts payable after more than one year | 17 | €68,983 | €46,626 | -€22,357 | -32.4% |
| Financial debts | 170/4 | €68,983 | €46,626 | -€22,357 | -32.4% |
| Amounts payable within one year | 42/48 | €80,417 | €78,023 | -€2,394 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €22,809 | €22,357 | -€452 | -2.0% |
| Financial debts | 43 | €2,905 | €4,428 | +€1,523 | +52.4% |
| Credit institutions | 430/8 | €2,905 | €4,428 | +€1,523 | +52.4% |
| Trade debts | 44 | €935 | €1,941 | +€1,006 | +107.5% |
| Suppliers | 440/4 | €935 | €1,941 | +€1,006 | +107.5% |
| Taxes, remuneration and social security | 45 | €4,638 | €810 | -€3,828 | -82.5% |
| Taxes | 450/3 | €4,638 | €810 | -€3,828 | -82.5% |
| Other amounts payable | 47/48 | €49,131 | €48,488 | -€643 | -1.3% |
| Accrued charges and deferred income | 492/3 | €442 | - | -€442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,489 | €19,633 | +€144 | +0.7% |
| Other operating charges | 640/8 | €1,077 | €1,833 | +€756 | +70.2% |
| Gross operating margin | 9900 | €29,815 | €29,329 | -€487 | -1.6% |
| Operating profit (loss) | 9901 | €9,249 | €7,863 | -€1,387 | -15.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,120 | €7,506 | -€614 | -7.6% |
| Recurring financial charges | 65 | €8,120 | €7,506 | -€614 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €1,129 | €357 | -€772 | -68.4% |
| Income taxes | 67/77 | €278 | €224 | -€54 | -19.5% |
| Profit (loss) for the period | 9904 | €850 | €133 | -€718 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €850 | €133 | -€718 | -84.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.