CODIFLY: 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.
CODIFLY
Largest movements
- Intangible fixed assets +€199,603
up €199,603 (+14.3%), from €1.4m to €1.6m
- Receivables within one year +€80,915
up €80,915 (+14.8%), from €546,080 to €626,995
of which Other amounts receivable: +€56,354
- Cash -€74,155
down €74,155 (-88.5%), from €83,786 to €9,632
mainly Trade debts (-€430,425) and Investment in fixed assets (net) (-€375,707)
- Tangible fixed assets -€53,598
down €53,598 (-35.1%), from €152,526 to €98,928
of which Furniture and vehicles: -€51,963
- Trade debts -€430,425
down €430,425 (-98.5%), from €437,045 to €6,620
- Debts after one year +€414,043
new in 2024: €414,043
- Reserves +€161,471
up €161,471 (+10.6%), from €1.5m to €1.7m
of which Distributable reserves: +€161,471
- Tax, wage and social debts -€26,078
down €26,078 (-13.4%), from €194,621 to €168,543
of which Taxes: -€19,382
- Depreciation +€34,526
up €34,526 (+17.7%), from €195,177 to €229,703
- Taxes -€20,758
down €20,758 (-46.9%), from €44,228 to €23,470
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 | €2,180,254 | €2,332,414 | +€152,159 | +7.0% |
| Fixed assets | 21/28 | €1,548,484 | €1,694,489 | +€146,004 | +9.4% |
| Intangible fixed assets | 21 | €1,395,718 | €1,595,321 | +€199,603 | +14.3% |
| Tangible fixed assets | 22/27 | €152,526 | €98,928 | -€53,598 | -35.1% |
| Land and buildings | 22 | €1,943 | €1,438 | -€505 | -26.0% |
| Plant, machinery and equipment | 23 | €4,340 | €3,210 | -€1,131 | -26.1% |
| Furniture and vehicles | 24 | €146,243 | €94,280 | -€51,963 | -35.5% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €631,770 | €637,925 | +€6,155 | +1.0% |
| Amounts receivable within one year | 40/41 | €546,080 | €626,995 | +€80,915 | +14.8% |
| Trade receivables | 40 | €470,131 | €494,693 | +€24,562 | +5.2% |
| Other amounts receivable | 41 | €75,948 | €132,302 | +€56,354 | +74.2% |
| Cash at bank and in hand | 54/58 | €83,786 | €9,632 | -€74,155 | -88.5% |
| Deferred charges and accrued income | 490/1 | €1,904 | €1,299 | -€605 | -31.8% |
| Total equity and liabilities | 10/49 | €2,180,254 | €2,332,414 | +€152,159 | +7.0% |
| Equity | 10/15 | €1,545,697 | €1,707,167 | +€161,471 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,527,097 | €1,688,567 | +€161,471 | +10.6% |
| 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 | €1,525,237 | €1,686,707 | +€161,471 | +10.6% |
| Amounts payable | 17/49 | €634,558 | €625,247 | -€9,311 | -1.5% |
| Amounts payable after more than one year | 17 | - | €414,043 | +€414,043 | |
| Financial debts | 170/4 | - | €414,043 | +€414,043 | |
| Amounts payable within one year | 42/48 | €631,666 | €210,343 | -€421,322 | -66.7% |
| Current portion of amounts payable after more than one year | 42 | - | €15,181 | +€15,181 | |
| Trade debts | 44 | €437,045 | €6,620 | -€430,425 | -98.5% |
| Suppliers | 440/4 | €437,045 | €6,620 | -€430,425 | -98.5% |
| Taxes, remuneration and social security | 45 | €194,621 | €168,543 | -€26,078 | -13.4% |
| Taxes | 450/3 | €89,643 | €70,261 | -€19,382 | -21.6% |
| Remuneration and social security | 454/9 | €104,978 | €98,282 | -€6,695 | -6.4% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €2,892 | €860 | -€2,032 | -70.3% |
| Non-recurring operating income | 76A | €2,489 | - | -€2,489 | |
| Remuneration, social security and pensions | 62 | €981,676 | €984,198 | +€2,521 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,177 | €229,703 | +€34,526 | +17.7% |
| Other operating charges | 640/8 | €2,689 | €2,500 | -€188 | -7.0% |
| Gross operating margin | 9900 | €1,424,326 | €1,410,463 | -€13,862 | -1.0% |
| Operating profit (loss) | 9901 | €244,784 | €194,063 | -€50,722 | -20.7% |
| Financial income | 75/76B | €290 | €0 | -€290 | -99.9% |
| Recurring financial income | 75 | €290 | €0 | -€290 | -99.9% |
| Financial charges | 65/66B | €4,024 | €9,123 | +€5,098 | +126.7% |
| Recurring financial charges | 65 | €4,024 | €9,123 | +€5,098 | +126.7% |
| Profit (loss) for the period before taxes | 9903 | €241,050 | €184,940 | -€56,110 | -23.3% |
| Income taxes | 67/77 | €44,228 | €23,470 | -€20,758 | -46.9% |
| Profit (loss) for the period | 9904 | €196,822 | €161,471 | -€35,351 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €196,822 | €161,471 | -€35,351 | -18.0% |
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 8 October 2026 via checked.be.