CODIT: 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.
What changed
CODIT
NACE 62.100, Computer programming
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€516,444
2023 · €1.3m-€802,160
Equity
€3.8m
2023 · €3.3m+€516,444
Cash
€2,954
2023 · €64+€2,889
Balance sheet total
€5.5m
2023 · €5.5m-€49,361
Largest movements
Assets
- Tangible fixed assets -€61,126
down €61,126 (-36.7%), from €166,498 to €105,371
of which Other tangible fixed assets: -€37,570
- Deferred charges and accrued income +€61,057
up €61,057 (+37.3%), from €163,777 to €224,834
Equity and liabilities
- Profit (loss) carried forward +€516,444
new in 2024: €516,444
- Tax, wage and social debts -€312,102
down €312,102 (-31.4%), from €993,389 to €681,287
of which Taxes: -€207,304
- Trade debts -€311,287
down €311,287 (-29.0%), from €1.1m to €761,831
- Accrued charges and deferred income +€57,584
up €57,584 (+30.4%), from €189,200 to €246,785
Income statement
- Staff costs +€606,679
up €606,679 (+12.3%), from €4.9m to €5.5m
- Services and other goods +€386,258
up €386,258 (+13.2%), from €2.9m to €3.3m
- Taxes -€293,643
down €293,643 (-51.8%), from €566,998 to €273,354
of which Taxes: -€293,643
From the 2023 result to the 2024 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.
Result 2023
€1.3m
Turnover
-€2,237
Other operating income
+€34,877
Goods and materials
-€73,363
Services and other goods
-€386,258
Staff costs
-€606,679
Depreciation
-€24,961
Write-downs
-€7,463
Other operating charges
-€133
Other operating items
+€51
Financial income
+€11,893
Financial charges
-€41,531
Taxes
+€293,643
Result 2024
€516,444
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€37,598
Investment
-€34,709
Financing
€0
Cash 2023
€64
From operations (derived)
+€37,598
Net result for the year
+€516,444
Depreciation
+€104,736
Receivables within one year
+€43,281
Deferred charges and accrued income
-€61,057
Trade debts
-€311,287
Tax, wage and social debts
-€312,102
Accrued charges and deferred income
+€57,584
Investment (derived)
-€34,709
Investment in fixed assets (net)
-€34,709
Cash 2024
€2,954
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,516,495 | €5,467,134 | -€49,361 | -0.9% |
| Fixed assets | 21/28 | €221,050 | €151,024 | -€70,027 | -31.7% |
| Intangible fixed assets | 21 | €54,553 | €45,652 | -€8,900 | -16.3% |
| Tangible fixed assets | 22/27 | €166,498 | €105,371 | -€61,126 | -36.7% |
| Plant, machinery and equipment | 23 | €103,792 | €80,344 | -€23,448 | -22.6% |
| Furniture and vehicles | 24 | €108 | €0 | -€108 | -100.0% |
| Other tangible fixed assets | 26 | €62,597 | €25,027 | -€37,570 | -60.0% |
| Current assets | 29/58 | €5,295,445 | €5,316,111 | +€20,666 | +0.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,131,604 | €5,088,323 | -€43,281 | -0.8% |
| Trade receivables | 40 | €2,347,691 | €2,033,369 | -€314,322 | -13.4% |
| Other amounts receivable | 41 | €2,783,912 | €3,054,954 | +€271,041 | +9.7% |
| Cash at bank and in hand | 54/58 | €64 | €2,954 | +€2,889 | +4484.0% |
| Deferred charges and accrued income | 490/1 | €163,777 | €224,834 | +€61,057 | +37.3% |
| Total equity and liabilities | 10/49 | €5,516,495 | €5,467,134 | -€49,361 | -0.9% |
| Equity | 10/15 | €3,260,787 | €3,777,231 | +€516,444 | +15.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €3,242,037 | €3,242,037 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €3,240,162 | €3,240,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €516,444 | +€516,444 | |
| Amounts payable | 17/49 | €2,255,708 | €1,689,903 | -€565,805 | -25.1% |
| Amounts payable within one year | 42/48 | €2,066,508 | €1,443,118 | -€623,389 | -30.2% |
| Trade debts | 44 | €1,073,118 | €761,831 | -€311,287 | -29.0% |
| Suppliers | 440/4 | €1,073,118 | €761,831 | -€311,287 | -29.0% |
| Taxes, remuneration and social security | 45 | €993,389 | €681,287 | -€312,102 | -31.4% |
| Taxes | 450/3 | €282,107 | €74,803 | -€207,304 | -73.5% |
| Remuneration and social security | 454/9 | €711,282 | €606,484 | -€104,798 | -14.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €189,200 | €246,785 | +€57,584 | +30.4% |
| Operating income | 70/76A | €14,414,754 | €14,447,465 | +€32,711 | +0.2% |
| Turnover | 70 | €13,533,756 | €13,531,519 | -€2,237 | 0.0% |
| Other operating income | 74 | €880,875 | €915,751 | +€34,877 | +4.0% |
| Non-recurring operating income | 76A | €124 | €195 | +€71 | +57.0% |
| Operating charges | 60/66A | €12,618,836 | €13,717,712 | +€1.1m | +8.7% |
| Goods for resale, raw materials and consumables | 60 | €4,674,584 | €4,747,947 | +€73,363 | +1.6% |
| Purchases | 600/8 | €4,674,584 | €4,747,947 | +€73,363 | +1.6% |
| Services and other goods | 61 | €2,931,154 | €3,317,412 | +€386,258 | +13.2% |
| Remuneration, social security and pensions | 62 | €4,931,781 | €5,538,460 | +€606,679 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,775 | €104,736 | +€24,961 | +31.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,463 | +€7,463 | |
| Other operating charges | 640/8 | €1,492 | €1,625 | +€133 | +8.9% |
| Non-recurring operating charges | 66A | €50 | €70 | +€20 | +39.0% |
| Operating profit (loss) | 9901 | €1,795,918 | €729,753 | -€1.1m | -59.4% |
| Financial income | 75/76B | €146,770 | €158,663 | +€11,893 | +8.1% |
| Recurring financial income | 75 | €146,770 | €158,663 | +€11,893 | +8.1% |
| Income from current assets | 751 | €145,507 | €157,080 | +€11,573 | +8.0% |
| Other financial income | 752/9 | €1,263 | €1,583 | +€320 | +25.3% |
| Financial charges | 65/66B | €57,086 | €98,617 | +€41,531 | +72.8% |
| Recurring financial charges | 65 | €57,086 | €98,617 | +€41,531 | +72.8% |
| Debt charges | 650 | €53,317 | €94,341 | +€41,023 | +76.9% |
| Other financial charges | 652/9 | €3,769 | €4,277 | +€508 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €1,885,602 | €789,798 | -€1.1m | -58.1% |
| Income taxes | 67/77 | €566,998 | €273,354 | -€293,643 | -51.8% |
| Taxes | 670/3 | €566,998 | €273,354 | -€293,643 | -51.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,318,604 | €516,444 | -€802,160 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,318,604 | €516,444 | -€802,160 | -60.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.