Coedesign: 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.
Coedesign
Largest movements
- Cash +€47,759
up €47,759 (+5,020%), from €951 to €48,710
mainly Trade debts (+€56,884) and Net result for the year (+€41,889)
- Receivables within one year +€39,169
up €39,169 (+55.9%), from €70,027 to €109,196
of which Trade receivables: +€28,482
- Tangible fixed assets +€11,887
up €11,887 (+3,179%), from €374 to €12,261
of which Furniture and vehicles: +€10,527
- Trade debts +€56,884
up €56,884 (+166%), from €34,249 to €91,132
- Profit (loss) carried forward +€41,889
up €41,889 (+232%), from €18,075 to €59,964
- Other operating charges -€19,357
down €19,357 (-96.5%), from €20,055 to €698
- Gross operating margin +€7,497
up €7,497 (+14.9%), from €50,262 to €57,759
- Taxes +€6,962
up €6,962 (+147%), from €4,727 to €11,689
- Financial income +€3,491
up €3,491 (+654%), from €533 to €4,025
- Financial charges -€1,737
down €1,737 (-22.1%), from €7,864 to €6,127
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,352 | €170,167 | +€98,815 | +138% |
| Fixed assets | 21/28 | €374 | €12,261 | +€11,887 | +3,179% |
| Tangible fixed assets | 22/27 | €374 | €12,261 | +€11,887 | +3,179% |
| Plant, machinery and equipment | 23 | €374 | €1,734 | +€1,361 | +364% |
| Furniture and vehicles | 24 | - | €10,527 | +€10,527 | |
| Current assets | 29/58 | €70,978 | €157,906 | +€86,928 | +122% |
| Amounts receivable within one year | 40/41 | €70,027 | €109,196 | +€39,169 | +55.9% |
| Trade receivables | 40 | - | €28,482 | +€28,482 | |
| Other amounts receivable | 41 | €70,027 | €80,714 | +€10,687 | +15.3% |
| Cash at bank and in hand | 54/58 | €951 | €48,710 | +€47,759 | +5,020% |
| Total equity and liabilities | 10/49 | €71,352 | €170,167 | +€98,815 | +138% |
| Equity | 10/15 | €18,075 | €59,964 | +€41,889 | +232% |
| Profit (loss) carried forward | 14 | €18,075 | €59,964 | +€41,889 | +232% |
| Amounts payable | 17/49 | €53,277 | €110,203 | +€56,926 | +107% |
| Amounts payable within one year | 42/48 | €53,277 | €110,203 | +€56,926 | +107% |
| Trade debts | 44 | €34,249 | €91,132 | +€56,884 | +166% |
| Suppliers | 440/4 | €34,249 | €91,132 | +€56,884 | +166% |
| Taxes, remuneration and social security | 45 | €19,029 | €19,071 | +€42 | +0.2% |
| Taxes | 450/3 | €19,029 | €19,071 | +€42 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75 | €1,381 | +€1,306 | +1,740% |
| Other operating charges | 640/8 | €20,055 | €698 | -€19,357 | -96.5% |
| Gross operating margin | 9900 | €50,262 | €57,759 | +€7,497 | +14.9% |
| Operating profit (loss) | 9901 | €30,132 | €55,681 | +€25,548 | +84.8% |
| Financial income | 75/76B | €533 | €4,025 | +€3,491 | +654% |
| Recurring financial income | 75 | €533 | €4,025 | +€3,491 | +654% |
| Financial charges | 65/66B | €7,864 | €6,127 | -€1,737 | -22.1% |
| Recurring financial charges | 65 | €7,864 | €6,127 | -€1,737 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €22,802 | €53,578 | +€30,776 | +135% |
| Income taxes | 67/77 | €4,727 | €11,689 | +€6,962 | +147% |
| Profit (loss) for the period | 9904 | €18,075 | €41,889 | +€23,814 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €18,075 | €41,889 | +€23,814 | +132% |
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 17 October 2026 via checked.be.