CODIGO: 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.
CODIGO
Largest movements
- Cash +€137,302
up €137,302 (+68.7%), from €199,865 to €337,167
mainly Net result for the year (+€110,515) and Debts after one year (+€20,578)
- Tangible fixed assets -€27,219
down €27,219 (-37.1%), from €73,447 to €46,228
of which Other tangible fixed assets: -€57,034
- Receivables within one year +€6,013
up €6,013 (+52.3%), from €11,504 to €17,517
of which Trade receivables: +€6,292
- Reserves +€110,500
up €110,500 (+56.6%), from €195,060 to €305,560
- Debts after one year +€20,578
new in 2025: €20,578
- Trade debts -€11,290
down €11,290 (-54.1%), from €20,852 to €9,562
- Purchases and services -€139,916
no longer reported in 2025 (was €139,916)
- Turnover -€106,046
no longer reported in 2025 (was €106,046)
- Gross operating margin +€19,661
up €19,661 (+9.1%), from €216,728 to €236,389
- Taxes +€7,205
up €7,205 (+15.2%), from €47,401 to €54,606
- Other operating charges -€5,734
down €5,734 (-8.5%), from €67,687 to €61,953
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 | €286,533 | €402,176 | +€115,643 | +40.4% |
| Fixed assets | 21/28 | €73,447 | €46,228 | -€27,219 | -37.1% |
| Tangible fixed assets | 22/27 | €73,447 | €46,228 | -€27,219 | -37.1% |
| Land and buildings | 22 | €12,808 | €11,505 | -€1,303 | -10.2% |
| Furniture and vehicles | 24 | €3,605 | €34,723 | +€31,118 | +863.3% |
| Other tangible fixed assets | 26 | €57,034 | - | -€57,034 | |
| Current assets | 29/58 | €213,086 | €355,948 | +€142,862 | +67.0% |
| Amounts receivable within one year | 40/41 | €11,504 | €17,517 | +€6,013 | +52.3% |
| Trade receivables | 40 | - | €6,292 | +€6,292 | |
| Other amounts receivable | 41 | €11,504 | €11,225 | -€279 | -2.4% |
| Cash at bank and in hand | 54/58 | €199,865 | €337,167 | +€137,302 | +68.7% |
| Deferred charges and accrued income | 490/1 | €1,717 | €1,264 | -€453 | -26.4% |
| Total equity and liabilities | 10/49 | €286,533 | €402,176 | +€115,643 | +40.4% |
| Equity | 10/15 | €240,600 | €351,115 | +€110,515 | +45.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,060 | €305,560 | +€110,500 | +56.6% |
| Distributable reserves | 133 | €195,060 | €305,560 | +€110,500 | +56.6% |
| Profit (loss) carried forward | 14 | €26,940 | €26,955 | +€15 | +0.1% |
| Amounts payable | 17/49 | €45,933 | €51,061 | +€5,128 | +11.2% |
| Amounts payable after more than one year | 17 | - | €20,578 | +€20,578 | |
| Financial debts | 170/4 | - | €20,578 | +€20,578 | |
| Amounts payable within one year | 42/48 | €45,933 | €30,483 | -€15,451 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €8,168 | €5,720 | -€2,448 | -30.0% |
| Trade debts | 44 | €20,852 | €9,562 | -€11,290 | -54.1% |
| Suppliers | 440/4 | €20,852 | €9,562 | -€11,290 | -54.1% |
| Taxes, remuneration and social security | 45 | €9,487 | €11,237 | +€1,750 | +18.4% |
| Taxes | 450/3 | €9,487 | €11,237 | +€1,750 | +18.4% |
| Other amounts payable | 47/48 | €7,427 | €3,964 | -€3,463 | -46.6% |
| Turnover | 70 | €106,046 | - | -€106,046 | |
| Non-recurring operating income | 76A | €250,599 | - | -€250,599 | |
| Goods, raw materials, services and sundry goods | 60/61 | €139,916 | - | -€139,916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,722 | €8,456 | +€734 | +9.5% |
| Other operating charges | 640/8 | €67,687 | €61,953 | -€5,734 | -8.5% |
| Gross operating margin | 9900 | €216,728 | €236,389 | +€19,661 | +9.1% |
| Operating profit (loss) | 9901 | €141,319 | €165,981 | +€24,661 | +17.5% |
| Financial income | 75/76B | €90 | €180 | +€90 | +100.0% |
| Recurring financial income | 75 | €90 | €180 | +€90 | +100.0% |
| Financial charges | 65/66B | €995 | €1,040 | +€44 | +4.4% |
| Recurring financial charges | 65 | €995 | €1,040 | +€44 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €140,414 | €165,121 | +€24,707 | +17.6% |
| Income taxes | 67/77 | €47,401 | €54,606 | +€7,205 | +15.2% |
| Profit (loss) for the period | 9904 | €93,013 | €110,515 | +€17,502 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,013 | €110,515 | +€17,502 | +18.8% |
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.