CODIFIED: 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.
CODIFIED
Largest movements
- Cash +€14,727
up €14,727 (+1,036%), from €1,422 to €16,149
mainly Net result for the year (+€13,401) and Tax, wage and social debts (+€3,921)
- Deferred charges and accrued income +€890
up €890 (+17.8%), from €4,993 to €5,883
- Receivables within one year +€698
up €698 (+8.3%), from €8,409 to €9,107
of which Other amounts receivable: +€399
- Reserves +€13,401
up €13,401 (+175%), from €7,642 to €21,043
- Tax, wage and social debts +€3,921
up €3,921 (+155%), from €2,529 to €6,450
- Other debts -€1,101
no longer reported in 2025 (was €1,101)
- Gross operating margin +€6,060
up €6,060 (+57.6%), from €10,519 to €16,578
- Taxes +€2,017
up €2,017 (+2,067%), from €98 to €2,115
- Other operating charges +€537
up €537 (+427%), from €126 to €662
- Financial charges +€260
up €260 (+186%), from €140 to €400
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.
Derived cash bridge
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 | €14,824 | €31,139 | +€16,315 | +110% |
| Current assets | 29/58 | €14,824 | €31,139 | +€16,315 | +110% |
| Amounts receivable within one year | 40/41 | €8,409 | €9,107 | +€698 | +8.3% |
| Trade receivables | 40 | €8,409 | €8,708 | +€299 | +3.6% |
| Other amounts receivable | 41 | - | €399 | +€399 | |
| Cash at bank and in hand | 54/58 | €1,422 | €16,149 | +€14,727 | +1,036% |
| Deferred charges and accrued income | 490/1 | €4,993 | €5,883 | +€890 | +17.8% |
| Total equity and liabilities | 10/49 | €14,824 | €31,139 | +€16,315 | +110% |
| Equity | 10/15 | €10,142 | €23,543 | +€13,401 | +132% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,642 | €21,043 | +€13,401 | +175% |
| Distributable reserves | 133 | €7,642 | €21,043 | +€13,401 | +175% |
| Amounts payable | 17/49 | €4,682 | €7,595 | +€2,914 | +62.2% |
| Amounts payable within one year | 42/48 | €4,682 | €7,595 | +€2,914 | +62.2% |
| Trade debts | 44 | €1,052 | €1,146 | +€94 | +8.9% |
| Suppliers | 440/4 | €1,052 | €1,146 | +€94 | +8.9% |
| Taxes, remuneration and social security | 45 | €2,529 | €6,450 | +€3,921 | +155% |
| Taxes | 450/3 | €2,529 | €6,450 | +€3,921 | +155% |
| Other amounts payable | 47/48 | €1,101 | - | -€1,101 | |
| Other operating charges | 640/8 | €126 | €662 | +€537 | +427% |
| Gross operating margin | 9900 | €10,519 | €16,578 | +€6,060 | +57.6% |
| Operating profit (loss) | 9901 | €10,393 | €15,916 | +€5,523 | +53.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €140 | €400 | +€260 | +186% |
| Recurring financial charges | 65 | €140 | €400 | +€260 | +186% |
| Profit (loss) for the period before taxes | 9903 | €10,253 | €15,516 | +€5,262 | +51.3% |
| Income taxes | 67/77 | €98 | €2,115 | +€2,017 | +2,067% |
| Profit (loss) for the period | 9904 | €10,156 | €13,401 | +€3,246 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,156 | €13,401 | +€3,246 | +32.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.