icode: 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.
icode
Largest movements
- Cash +€7,907
up €7,907 (+27.9%), from €28,380 to €36,286
mainly Net result for the year (+€45,375) and Depreciation (+€9,351)
- Tangible fixed assets -€6,288
down €6,288 (-16.5%), from €38,092 to €31,805
of which Other tangible fixed assets: -€3,861
- Receivables within one year +€2,948
up €2,948 (+48.6%), from €6,070 to €9,019
of which Trade receivables: +€6,730
- Other debts +€4,537
up €4,537 (+9.8%), from €46,368 to €50,904
- Tax, wage and social debts -€4,136
down €4,136 (-70.1%), from €5,897 to €1,761
- Trade debts +€3,651
up €3,651 (+1,899%), from €192 to €3,843
- Taxes -€7,556
down €7,556 (-30.2%), from €25,028 to €17,472
- Gross operating margin +€3,447
up €3,447 (+4.9%), from €70,517 to €73,965
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 | €74,949 | €79,376 | +€4,427 | +5.9% |
| Fixed assets | 21/28 | €38,092 | €31,805 | -€6,288 | -16.5% |
| Tangible fixed assets | 22/27 | €38,092 | €31,805 | -€6,288 | -16.5% |
| Furniture and vehicles | 24 | €15,969 | €13,542 | -€2,427 | -15.2% |
| Other tangible fixed assets | 26 | €22,123 | €18,262 | -€3,861 | -17.5% |
| Current assets | 29/58 | €36,857 | €47,571 | +€10,715 | +29.1% |
| Amounts receivable within one year | 40/41 | €6,070 | €9,019 | +€2,948 | +48.6% |
| Trade receivables | 40 | - | €6,730 | +€6,730 | |
| Other amounts receivable | 41 | €6,070 | €2,289 | -€3,782 | -62.3% |
| Cash at bank and in hand | 54/58 | €28,380 | €36,286 | +€7,907 | +27.9% |
| Deferred charges and accrued income | 490/1 | €2,407 | €2,266 | -€140 | -5.8% |
| Total equity and liabilities | 10/49 | €74,949 | €79,376 | +€4,427 | +5.9% |
| Equity | 10/15 | €22,492 | €22,867 | +€375 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,032 | €2,407 | +€375 | +18.4% |
| Amounts payable | 17/49 | €52,457 | €56,509 | +€4,052 | +7.7% |
| Amounts payable within one year | 42/48 | €52,457 | €56,509 | +€4,052 | +7.7% |
| Trade debts | 44 | €192 | €3,843 | +€3,651 | +1,899% |
| Suppliers | 440/4 | €192 | €3,843 | +€3,651 | +1,899% |
| Taxes, remuneration and social security | 45 | €5,897 | €1,761 | -€4,136 | -70.1% |
| Taxes | 450/3 | €5,897 | €1,761 | -€4,136 | -70.1% |
| Other amounts payable | 47/48 | €46,368 | €50,904 | +€4,537 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,792 | €9,351 | +€559 | +6.4% |
| Other operating charges | 640/8 | €1,203 | €1,277 | +€74 | +6.2% |
| Gross operating margin | 9900 | €70,517 | €73,965 | +€3,447 | +4.9% |
| Operating profit (loss) | 9901 | €60,523 | €63,337 | +€2,814 | +4.6% |
| Financial income | 75/76B | €536 | €441 | -€94 | -17.6% |
| Recurring financial income | 75 | €536 | €441 | -€94 | -17.6% |
| Financial charges | 65/66B | €1,203 | €931 | -€272 | -22.6% |
| Recurring financial charges | 65 | €1,203 | €931 | -€272 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €59,856 | €62,847 | +€2,991 | +5.0% |
| Income taxes | 67/77 | €25,028 | €17,472 | -€7,556 | -30.2% |
| Profit (loss) for the period | 9904 | €34,827 | €45,375 | +€10,547 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,827 | €45,375 | +€10,547 | +30.3% |
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.