Codific: 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.
Codific
Largest movements
- Intangible fixed assets +€197,301
up €197,301 (+69.8%), from €282,541 to €479,841
- Cash +€70,295
up €70,295 (+76.4%), from €92,057 to €162,352
mainly Provisions (+€232,549) and Depreciation (+€79,537)
- Financial fixed assets -€67,782
no longer reported in 2025 (was €67,782)
- Tangible fixed assets -€14,773
down €14,773 (-6.8%), from €217,000 to €202,227
of which Furniture and vehicles: -€8,351
- Provisions +€232,549
new in 2025: €232,549
- Trade debts -€70,743
down €70,743 (-30.0%), from €235,682 to €164,939
- Accrued charges and deferred income +€33,887
up €33,887 (+8.4%), from €405,281 to €439,168
- Debts after one year -€27,752
down €27,752 (-47.6%), from €58,282 to €30,530
- Profit (loss) carried forward +€26,237
up €26,237 (+103.3%), from €25,409 to €51,646
- Gross operating margin +€82,126
up €82,126 (+181.9%), from €45,149 to €127,275
- Depreciation +€30,715
up €30,715 (+62.9%), from €48,822 to €79,537
- Financial charges +€8,621
up €8,621 (+57.6%), from €14,955 to €23,576
- Taxes +€8,204
new in 2025: €8,204
- Other operating charges -€5,294
down €5,294 (-83.5%), from €6,337 to €1,043
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 | €857,190 | €1,043,529 | +€186,339 | +21.7% |
| Fixed assets | 21/28 | €567,323 | €682,068 | +€114,745 | +20.2% |
| Intangible fixed assets | 21 | €282,541 | €479,841 | +€197,301 | +69.8% |
| Tangible fixed assets | 22/27 | €217,000 | €202,227 | -€14,773 | -6.8% |
| Land and buildings | 22 | €174,813 | €169,370 | -€5,443 | -3.1% |
| Plant, machinery and equipment | 23 | €4,049 | €3,070 | -€979 | -24.2% |
| Furniture and vehicles | 24 | €38,137 | €29,787 | -€8,351 | -21.9% |
| Financial fixed assets | 28 | €67,782 | - | -€67,782 | |
| Current assets | 29/58 | €289,867 | €361,461 | +€71,594 | +24.7% |
| Amounts receivable within one year | 40/41 | €194,308 | €193,975 | -€333 | -0.2% |
| Trade receivables | 40 | €180,086 | €193,937 | +€13,850 | +7.7% |
| Other amounts receivable | 41 | €14,222 | €38 | -€14,183 | -99.7% |
| Cash at bank and in hand | 54/58 | €92,057 | €162,352 | +€70,295 | +76.4% |
| Deferred charges and accrued income | 490/1 | €3,502 | €5,134 | +€1,632 | +46.6% |
| Total equity and liabilities | 10/49 | €857,190 | €1,043,529 | +€186,339 | +21.7% |
| Equity | 10/15 | €112,102 | €138,339 | +€26,237 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,093 | €68,093 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €66,233 | €66,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,409 | €51,646 | +€26,237 | +103.3% |
| Provisions and deferred taxes | 16 | - | €232,549 | +€232,549 | |
| Provisions for liabilities and charges | 160/5 | - | €232,549 | +€232,549 | |
| Other liabilities and charges | 164/5 | - | €232,549 | +€232,549 | |
| Amounts payable | 17/49 | €745,089 | €672,642 | -€72,447 | -9.7% |
| Amounts payable after more than one year | 17 | €58,282 | €30,530 | -€27,752 | -47.6% |
| Financial debts | 170/4 | €58,282 | €30,530 | -€27,752 | -47.6% |
| Amounts payable within one year | 42/48 | €281,525 | €202,943 | -€78,582 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €26,655 | €27,752 | +€1,097 | +4.1% |
| Trade debts | 44 | €235,682 | €164,939 | -€70,743 | -30.0% |
| Suppliers | 440/4 | €235,682 | €164,939 | -€70,743 | -30.0% |
| Taxes, remuneration and social security | 45 | €17,777 | €9,886 | -€7,891 | -44.4% |
| Taxes | 450/3 | €17,777 | €9,886 | -€7,891 | -44.4% |
| Other amounts payable | 47/48 | €1,411 | €366 | -€1,045 | -74.1% |
| Accrued charges and deferred income | 492/3 | €405,281 | €439,168 | +€33,887 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,822 | €79,537 | +€30,715 | +62.9% |
| Other operating charges | 640/8 | €6,337 | €1,043 | -€5,294 | -83.5% |
| Gross operating margin | 9900 | €45,149 | €127,275 | +€82,126 | +181.9% |
| Operating profit (loss) | 9901 | -€10,010 | €46,694 | +€56,704 | |
| Financial income | 75/76B | €14,092 | €11,323 | -€2,769 | -19.6% |
| Recurring financial income | 75 | €14,092 | €11,323 | -€2,769 | -19.6% |
| Financial charges | 65/66B | €14,955 | €23,576 | +€8,621 | +57.6% |
| Recurring financial charges | 65 | €14,955 | €23,576 | +€8,621 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,873 | €34,441 | +€45,315 | |
| Income taxes | 67/77 | - | €8,204 | +€8,204 | |
| Profit (loss) for the period | 9904 | -€10,873 | €26,237 | +€37,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,873 | €26,237 | +€37,110 |
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 11 October 2026 via checked.be.