CODIOUS: 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.
CODIOUS
Largest movements
- Tangible fixed assets -€195,501
down €195,501 (-50.2%), from €389,691 to €194,190
of which Furniture and vehicles: -€191,699
- Receivables after one year +€55,000
up €55,000 (+37.9%), from €145,000 to €200,000
- Receivables within one year +€31,264
up €31,264 (+12.4%), from €251,648 to €282,912
of which Trade receivables: +€23,068
- Cash -€27,940
down €27,940 (-40.4%), from €69,106 to €41,166
mainly Debts after one year (-€129,970) and Receivables after one year (-€55,000)
- Deferred charges and accrued income +€17,500
new in 2025: €17,500
- Debts after one year -€129,970
down €129,970 (-59.2%), from €219,638 to €89,669
- Profit (loss) carried forward +€32,758
up €32,758 (+19.7%), from -€166,342 to -€133,585
- Other debts -€27,451
down €27,451 (-6.7%), from €407,175 to €379,724
- Tax, wage and social debts -€26,348
down €26,348 (-9.9%), from €265,348 to €239,000
of which Remuneration and social security: -€26,284
- Trade debts +€25,755
up €25,755 (+15.7%), from €164,242 to €189,997
- Gross operating margin -€248,353
down €248,353 (-18.2%), from €1.4m to €1.1m
- Staff costs -€196,804
down €196,804 (-17.7%), from €1.1m to €916,837
- Financial charges -€42,532
down €42,532 (-79.8%), from €53,293 to €10,761
- Depreciation -€32,420
down €32,420 (-20.0%), from €162,296 to €129,876
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 | €1,133,695 | €1,010,769 | -€122,927 | -10.8% |
| Fixed assets | 21/28 | €667,941 | €469,190 | -€198,751 | -29.8% |
| Tangible fixed assets | 22/27 | €389,691 | €194,190 | -€195,501 | -50.2% |
| Plant, machinery and equipment | 23 | €26,949 | €17,751 | -€9,198 | -34.1% |
| Furniture and vehicles | 24 | €362,742 | €171,044 | -€191,699 | -52.8% |
| Other tangible fixed assets | 26 | - | €5,396 | +€5,396 | |
| Financial fixed assets | 28 | €278,250 | €275,000 | -€3,250 | -1.2% |
| Current assets | 29/58 | €465,755 | €541,578 | +€75,824 | +16.3% |
| Amounts receivable after more than one year | 29 | €145,000 | €200,000 | +€55,000 | +37.9% |
| Other amounts receivable | 291 | €145,000 | €200,000 | +€55,000 | +37.9% |
| Amounts receivable within one year | 40/41 | €251,648 | €282,912 | +€31,264 | +12.4% |
| Trade receivables | 40 | €195,758 | €218,825 | +€23,068 | +11.8% |
| Other amounts receivable | 41 | €55,891 | €64,087 | +€8,196 | +14.7% |
| Cash at bank and in hand | 54/58 | €69,106 | €41,166 | -€27,940 | -40.4% |
| Deferred charges and accrued income | 490/1 | - | €17,500 | +€17,500 | |
| Total equity and liabilities | 10/49 | €1,133,695 | €1,010,769 | -€122,927 | -10.8% |
| Equity | 10/15 | -€63,929 | -€31,172 | +€32,758 | +51.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,813 | €83,813 | = | 0.0% |
| Distributable reserves | 133 | €83,813 | €83,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,342 | -€133,585 | +€32,758 | +19.7% |
| Amounts payable | 17/49 | €1,197,625 | €1,041,940 | -€155,684 | -13.0% |
| Amounts payable after more than one year | 17 | €219,638 | €89,669 | -€129,970 | -59.2% |
| Financial debts | 170/4 | €219,638 | €89,669 | -€129,970 | -59.2% |
| Amounts payable within one year | 42/48 | €977,986 | €952,272 | -€25,714 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €141,222 | €143,550 | +€2,329 | +1.6% |
| Trade debts | 44 | €164,242 | €189,997 | +€25,755 | +15.7% |
| Suppliers | 440/4 | €164,242 | €189,997 | +€25,755 | +15.7% |
| Taxes, remuneration and social security | 45 | €265,348 | €239,000 | -€26,348 | -9.9% |
| Taxes | 450/3 | €103,826 | €103,763 | -€64 | -0.1% |
| Remuneration and social security | 454/9 | €161,521 | €135,237 | -€26,284 | -16.3% |
| Other amounts payable | 47/48 | €407,175 | €379,724 | -€27,451 | -6.7% |
| Remuneration, social security and pensions | 62 | €1,113,641 | €916,837 | -€196,804 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,296 | €129,876 | -€32,420 | -20.0% |
| Other operating charges | 640/8 | €20,882 | €9,257 | -€11,625 | -55.7% |
| Gross operating margin | 9900 | €1,364,012 | €1,115,659 | -€248,353 | -18.2% |
| Operating profit (loss) | 9901 | €67,193 | €59,690 | -€7,503 | -11.2% |
| Financial income | 75/76B | €9,740 | €5,177 | -€4,562 | -46.8% |
| Recurring financial income | 75 | €9,740 | €5,177 | -€4,562 | -46.8% |
| Financial charges | 65/66B | €53,293 | €10,761 | -€42,532 | -79.8% |
| Recurring financial charges | 65 | €53,293 | €10,761 | -€42,532 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | €23,639 | €54,106 | +€30,467 | +128.9% |
| Income taxes | 67/77 | €8,987 | €21,348 | +€12,361 | +137.5% |
| Profit (loss) for the period | 9904 | €14,652 | €32,758 | +€18,106 | +123.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,652 | €32,758 | +€18,106 | +123.6% |
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 29 September 2026 via checked.be.