Codingo: 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.
Codingo
Largest movements
- Receivables within one year +€19,968
up €19,968 (+142.6%), from €14,001 to €33,969
of which Trade receivables: +€18,018
- Cash +€5,561
up €5,561 (+3.3%), from €169,994 to €175,555
mainly Net result for the year (+€48,479) and Other debts (+€22,925)
- Other debts +€22,925
up €22,925 (+13.8%), from €165,711 to €188,636
- Tax, wage and social debts +€3,248
up €3,248 (+186.6%), from €1,741 to €4,988
of which Remuneration and social security: +€2,439
- Financial charges -€739
down €739 (-23.4%), from €3,155 to €2,416
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 | €189,106 | €214,352 | +€25,246 | +13.4% |
| Fixed assets | 21/28 | €1,948 | €1,075 | -€872 | -44.8% |
| Tangible fixed assets | 22/27 | €1,948 | €1,075 | -€872 | -44.8% |
| Plant, machinery and equipment | 23 | €1,157 | €705 | -€452 | -39.1% |
| Furniture and vehicles | 24 | €791 | €371 | -€420 | -53.1% |
| Current assets | 29/58 | €187,158 | €213,276 | +€26,118 | +14.0% |
| Amounts receivable within one year | 40/41 | €14,001 | €33,969 | +€19,968 | +142.6% |
| Trade receivables | 40 | €11,985 | €30,003 | +€18,018 | +150.3% |
| Other amounts receivable | 41 | €2,016 | €3,966 | +€1,950 | +96.8% |
| Cash at bank and in hand | 54/58 | €169,994 | €175,555 | +€5,561 | +3.3% |
| Deferred charges and accrued income | 490/1 | €3,163 | €3,752 | +€589 | +18.6% |
| Total equity and liabilities | 10/49 | €189,106 | €214,352 | +€25,246 | +13.4% |
| Equity | 10/15 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €168,646 | €195,752 | +€27,106 | +16.1% |
| Amounts payable within one year | 42/48 | €168,646 | €195,752 | +€27,106 | +16.1% |
| Trade debts | 44 | €1,194 | €2,127 | +€933 | +78.1% |
| Suppliers | 440/4 | €1,194 | €2,127 | +€933 | +78.1% |
| Taxes, remuneration and social security | 45 | €1,741 | €4,988 | +€3,248 | +186.6% |
| Taxes | 450/3 | €1,741 | €2,549 | +€808 | +46.4% |
| Remuneration and social security | 454/9 | €0 | €2,439 | +€2,439 | |
| Other amounts payable | 47/48 | €165,711 | €188,636 | +€22,925 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €807 | €872 | +€65 | +8.1% |
| Other operating charges | 640/8 | €597 | €400 | -€197 | -33.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €65,539 | €65,216 | -€323 | -0.5% |
| Operating profit (loss) | 9901 | €64,135 | €63,944 | -€191 | -0.3% |
| Financial charges | 65/66B | €3,155 | €2,416 | -€739 | -23.4% |
| Recurring financial charges | 65 | €3,155 | €2,416 | -€739 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €60,980 | €61,528 | +€549 | +0.9% |
| Income taxes | 67/77 | €12,984 | €13,050 | +€65 | +0.5% |
| Profit (loss) for the period | 9904 | €47,996 | €48,479 | +€483 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,996 | €48,479 | +€483 | +1.0% |
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 28 September 2026 via checked.be.