CODISPEED: 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.
CODISPEED
Largest movements
- Deferred charges and accrued income +€24,698
up €24,698 (+195.6%), from €12,629 to €37,327
- Receivables within one year +€18,519
up €18,519 (+55.3%), from €33,463 to €51,982
of which Other amounts receivable: +€14,949
- Tangible fixed assets +€13,083
up €13,083 (+6.1%), from €213,508 to €226,590
of which Other tangible fixed assets: +€36,242
- Cash +€12,076
up €12,076 (+3.3%), from €365,645 to €377,721
mainly Net result for the year (+€133,667) and Depreciation (+€98,458)
- Other debts +€46,527
up €46,527 (+84.9%), from €54,806 to €101,332
- Profit (loss) carried forward +€33,667
up €33,667 (+162.8%), from €20,677 to €54,344
- Tax, wage and social debts +€17,363
up €17,363 (+21.4%), from €80,985 to €98,348
of which Remuneration and social security: +€15,347
- Debts after one year -€14,120
down €14,120 (-14.0%), from €100,875 to €86,755
- Trade debts -€13,021
down €13,021 (-6.7%), from €195,111 to €182,090
- Staff costs +€46,262
up €46,262 (+5.5%), from €834,788 to €881,050
- Gross operating margin -€40,530
down €40,530 (-3.3%), from €1.2m to €1.2m
- Taxes -€19,472
down €19,472 (-28.0%), from €69,620 to €50,148
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 | €643,987 | €718,303 | +€74,316 | +11.5% |
| Fixed assets | 21/28 | €216,780 | €229,862 | +€13,083 | +6.0% |
| Tangible fixed assets | 22/27 | €213,508 | €226,590 | +€13,083 | +6.1% |
| Plant, machinery and equipment | 23 | €67,311 | €57,291 | -€10,021 | -14.9% |
| Furniture and vehicles | 24 | €71,325 | €58,186 | -€13,139 | -18.4% |
| Other tangible fixed assets | 26 | €74,872 | €111,114 | +€36,242 | +48.4% |
| Financial fixed assets | 28 | €3,272 | €3,272 | = | 0.0% |
| Current assets | 29/58 | €427,208 | €488,441 | +€61,233 | +14.3% |
| Stocks and contracts in progress | 3 | €15,471 | €21,411 | +€5,940 | +38.4% |
| Stocks | 30/36 | €15,471 | €21,411 | +€5,940 | +38.4% |
| Amounts receivable within one year | 40/41 | €33,463 | €51,982 | +€18,519 | +55.3% |
| Trade receivables | 40 | €2,204 | €5,774 | +€3,570 | +162.0% |
| Other amounts receivable | 41 | €31,259 | €46,208 | +€14,949 | +47.8% |
| Cash at bank and in hand | 54/58 | €365,645 | €377,721 | +€12,076 | +3.3% |
| Deferred charges and accrued income | 490/1 | €12,629 | €37,327 | +€24,698 | +195.6% |
| Total equity and liabilities | 10/49 | €643,987 | €718,303 | +€74,316 | +11.5% |
| Equity | 10/15 | €102,482 | €136,149 | +€33,667 | +32.9% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,677 | €54,344 | +€33,667 | +162.8% |
| Amounts payable | 17/49 | €541,505 | €582,154 | +€40,649 | +7.5% |
| Amounts payable after more than one year | 17 | €100,875 | €86,755 | -€14,120 | -14.0% |
| Financial debts | 170/4 | €100,875 | €86,755 | -€14,120 | -14.0% |
| Amounts payable within one year | 42/48 | €435,268 | €487,760 | +€52,492 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €104,366 | €105,990 | +€1,624 | +1.6% |
| Trade debts | 44 | €195,111 | €182,090 | -€13,021 | -6.7% |
| Suppliers | 440/4 | €195,111 | €182,090 | -€13,021 | -6.7% |
| Taxes, remuneration and social security | 45 | €80,985 | €98,348 | +€17,363 | +21.4% |
| Taxes | 450/3 | €638 | €2,653 | +€2,016 | +316.1% |
| Remuneration and social security | 454/9 | €80,347 | €95,695 | +€15,347 | +19.1% |
| Other amounts payable | 47/48 | €54,806 | €101,332 | +€46,527 | +84.9% |
| Accrued charges and deferred income | 492/3 | €5,362 | €7,639 | +€2,277 | +42.5% |
| Non-recurring operating income | 76A | €10,056 | - | -€10,056 | |
| Remuneration, social security and pensions | 62 | €834,788 | €881,050 | +€46,262 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,228 | €98,458 | -€10,770 | -9.9% |
| Other operating charges | 640/8 | €8,026 | €6,528 | -€1,498 | -18.7% |
| Gross operating margin | 9900 | €1,218,079 | €1,177,549 | -€40,530 | -3.3% |
| Operating profit (loss) | 9901 | €266,036 | €191,513 | -€74,523 | -28.0% |
| Financial income | 75/76B | €2,036 | €1,039 | -€997 | -49.0% |
| Recurring financial income | 75 | €2,036 | €1,039 | -€997 | -49.0% |
| Financial charges | 65/66B | €7,674 | €8,737 | +€1,063 | +13.9% |
| Recurring financial charges | 65 | €7,674 | €8,737 | +€1,063 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €260,398 | €183,815 | -€76,583 | -29.4% |
| Income taxes | 67/77 | €69,620 | €50,148 | -€19,472 | -28.0% |
| Profit (loss) for the period | 9904 | €190,778 | €133,667 | -€57,111 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €190,778 | €133,667 | -€57,111 | -29.9% |
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 4 October 2026 via checked.be.