Codux: what changed
Two financial 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
Codux
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,253
2024 · €66,916-€58,663
Equity
€290,683
2024 · €282,430+€8,253
Cash
€6,118
2024 · €5,918+€200
Balance sheet total
€1.1m
2024 · €1.5m-€359,518
Largest movements
Assets
- Deferred charges and accrued income -€467,961
down €467,961 (-99.2%), from €471,739 to €3,778
- Receivables within one year +€112,638
up €112,638 (+11.5%), from €977,977 to €1.1m
of which Trade receivables: +€72,972
Equity and liabilities
- Trade debts -€451,875
down €451,875 (-77.6%), from €581,984 to €130,109
- Accrued charges and deferred income +€107,786
up €107,786 (+25.5%), from €422,771 to €530,558
- Other debts -€22,101
down €22,101 (-76.5%), from €28,888 to €6,787
Income statement
- Turnover -€855,260
down €855,260 (-34.4%), from €2.5m to €1.6m
- Purchases and services -€587,742
down €587,742 (-31.4%), from €1.9m to €1.3m
- Gross operating margin -€271,748
down €271,748 (-43.9%), from €619,631 to €347,883
- Staff costs -€184,168
down €184,168 (-36.4%), from €505,317 to €321,149
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.
Result 2024
€66,916
Gross operating margin
-€271,748
Staff costs
+€184,168
Depreciation
+€1,205
Write-downs
-€248
Other operating charges
+€936
Other operating items
+€21,543
Financial income
+€1,325
Financial charges
+€3,906
Taxes
+€249
Result 2025
€8,253
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€941
Investment
+€1,142
Financing
€0
Cash 2024
€5,918
From operations (derived)
-€941
Net result for the year
+€8,253
Depreciation
+€3,253
Receivables within one year
-€112,638
Deferred charges and accrued income
+€467,961
Provisions
+€248
Trade debts
-€451,875
Tax, wage and social debts
-€1,829
Other debts
-€22,101
Accrued charges and deferred income
+€107,786
Investment (derived)
+€1,142
Investment in fixed assets (net)
+€1,142
Cash 2025
€6,118
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,460,205 | €1,100,687 | -€359,518 | -24.6% |
| Fixed assets | 21/28 | €4,572 | €176 | -€4,395 | -96.1% |
| Tangible fixed assets | 22/27 | €4,572 | €176 | -€4,395 | -96.1% |
| Plant, machinery and equipment | 23 | €4,572 | €176 | -€4,395 | -96.1% |
| Current assets | 29/58 | €1,455,634 | €1,100,511 | -€355,123 | -24.4% |
| Amounts receivable within one year | 40/41 | €977,977 | €1,090,615 | +€112,638 | +11.5% |
| Trade receivables | 40 | €701,871 | €774,842 | +€72,972 | +10.4% |
| Other amounts receivable | 41 | €276,106 | €315,773 | +€39,667 | +14.4% |
| Cash at bank and in hand | 54/58 | €5,918 | €6,118 | +€200 | +3.4% |
| Deferred charges and accrued income | 490/1 | €471,739 | €3,778 | -€467,961 | -99.2% |
| Total equity and liabilities | 10/49 | €1,460,205 | €1,100,687 | -€359,518 | -24.6% |
| Equity | 10/15 | €282,430 | €290,683 | +€8,253 | +2.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €220,350 | €228,350 | +€8,000 | +3.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €63,150 | = | 0.0% |
| Distributable reserves | 133 | €151,000 | €159,000 | +€8,000 | +5.3% |
| Profit (loss) carried forward | 14 | €80 | €333 | +€253 | +318% |
| Provisions and deferred taxes | 16 | - | €248 | +€248 | |
| Provisions for liabilities and charges | 160/5 | - | €248 | +€248 | |
| Pensions and similar obligations | 160 | - | €248 | +€248 | |
| Amounts payable | 17/49 | €1,177,776 | €809,757 | -€368,019 | -31.2% |
| Amounts payable within one year | 42/48 | €755,004 | €279,199 | -€475,805 | -63.0% |
| Trade debts | 44 | €581,984 | €130,109 | -€451,875 | -77.6% |
| Suppliers | 440/4 | €581,984 | €130,109 | -€451,875 | -77.6% |
| Taxes, remuneration and social security | 45 | €144,132 | €142,303 | -€1,829 | -1.3% |
| Taxes | 450/3 | €102,246 | €112,526 | +€10,280 | +10.1% |
| Remuneration and social security | 454/9 | €41,887 | €29,777 | -€12,109 | -28.9% |
| Other amounts payable | 47/48 | €28,888 | €6,787 | -€22,101 | -76.5% |
| Accrued charges and deferred income | 492/3 | €422,771 | €530,558 | +€107,786 | +25.5% |
| Turnover | 70 | €2,482,731 | €1,627,471 | -€855,260 | -34.4% |
| Non-recurring operating income | 76A | - | €14 | +€14 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,870,948 | €1,283,206 | -€587,742 | -31.4% |
| Remuneration, social security and pensions | 62 | €505,317 | €321,149 | -€184,168 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,458 | €3,253 | -€1,205 | -27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €248 | +€248 | |
| Other operating charges | 640/8 | €3,106 | €2,170 | -€936 | -30.1% |
| Non-recurring operating charges | 66A | €29,214 | €7,671 | -€21,543 | -73.7% |
| Gross operating margin | 9900 | €619,631 | €347,883 | -€271,748 | -43.9% |
| Operating profit (loss) | 9901 | €77,536 | €13,392 | -€64,144 | -82.7% |
| Financial income | 75/76B | €373 | €1,698 | +€1,325 | +355% |
| Recurring financial income | 75 | €373 | €1,698 | +€1,325 | +355% |
| Financial charges | 65/66B | €9,879 | €5,973 | -€3,906 | -39.5% |
| Recurring financial charges | 65 | €9,879 | €5,973 | -€3,906 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €68,030 | €9,117 | -€58,912 | -86.6% |
| Income taxes | 67/77 | €1,114 | €864 | -€249 | -22.4% |
| Profit (loss) for the period | 9904 | €66,916 | €8,253 | -€58,663 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,916 | €8,253 | -€58,663 | -87.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.