Codigence: 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.
Codigence
Largest movements
- Cash +€90,394
up €90,394 (+67.8%), from €133,325 to €223,719
mainly Net result for the year (+€78,709) and Receivables within one year (+€12,480)
- Receivables within one year -€12,480
down €12,480 (-31.2%), from €39,953 to €27,473
of which Trade receivables: -€17,992
- Tangible fixed assets -€5,282
down €5,282 (-47.1%), from €11,222 to €5,939
- Profit (loss) carried forward +€78,709
up €78,709 (+51.9%), from €151,510 to €230,219
- Other debts -€5,839
down €5,839 (-100.0%), from €5,839 to €0
- Gross operating margin +€11,847
up €11,847 (+12.7%), from €93,240 to €105,087
- Taxes +€1,800
up €1,800 (+10.0%), from €17,909 to €19,708
- Depreciation +€1,551
up €1,551 (+51.9%), from €2,986 to €4,538
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 | €184,520 | €257,132 | +€72,611 | +39.4% |
| Fixed assets | 21/28 | €11,222 | €5,939 | -€5,282 | -47.1% |
| Tangible fixed assets | 22/27 | €11,222 | €5,939 | -€5,282 | -47.1% |
| Furniture and vehicles | 24 | €11,222 | €5,939 | -€5,282 | -47.1% |
| Current assets | 29/58 | €173,298 | €251,192 | +€77,894 | +44.9% |
| Amounts receivable within one year | 40/41 | €39,953 | €27,473 | -€12,480 | -31.2% |
| Trade receivables | 40 | €39,953 | €21,962 | -€17,992 | -45.0% |
| Other amounts receivable | 41 | - | €5,511 | +€5,511 | |
| Cash at bank and in hand | 54/58 | €133,325 | €223,719 | +€90,394 | +67.8% |
| Deferred charges and accrued income | 490/1 | €20 | €0 | -€20 | -100.0% |
| Total equity and liabilities | 10/49 | €184,520 | €257,132 | +€72,611 | +39.4% |
| Equity | 10/15 | €152,510 | €231,219 | +€78,709 | +51.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,510 | €230,219 | +€78,709 | +51.9% |
| Amounts payable | 17/49 | €32,010 | €25,912 | -€6,098 | -19.0% |
| Amounts payable within one year | 42/48 | €32,010 | €25,912 | -€6,098 | -19.0% |
| Trade debts | 44 | €2,412 | €0 | -€2,412 | -100.0% |
| Suppliers | 440/4 | €2,412 | €0 | -€2,412 | -100.0% |
| Taxes, remuneration and social security | 45 | €23,759 | €25,912 | +€2,153 | +9.1% |
| Taxes | 450/3 | €23,759 | €25,912 | +€2,153 | +9.1% |
| Other amounts payable | 47/48 | €5,839 | €0 | -€5,839 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,986 | €4,538 | +€1,551 | +51.9% |
| Other operating charges | 640/8 | €2 | €354 | +€352 | +20587.7% |
| Non-recurring operating charges | 66A | €719 | €1,595 | +€876 | +121.9% |
| Gross operating margin | 9900 | €93,240 | €105,087 | +€11,847 | +12.7% |
| Operating profit (loss) | 9901 | €89,533 | €98,601 | +€9,068 | +10.1% |
| Financial income | 75/76B | €0 | €9 | +€9 | |
| Recurring financial income | 75 | €0 | €9 | +€9 | |
| Financial charges | 65/66B | €103 | €192 | +€88 | +85.6% |
| Recurring financial charges | 65 | €103 | €192 | +€88 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | €89,429 | €98,418 | +€8,988 | +10.1% |
| Income taxes | 67/77 | €17,909 | €19,708 | +€1,800 | +10.0% |
| Profit (loss) for the period | 9904 | €71,521 | €78,709 | +€7,188 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,521 | €78,709 | +€7,188 | +10.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.