KODE PUBLISHING & SERVICES: 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.
KODE PUBLISHING & SERVICES
Largest movements
- Deferred charges and accrued income +€33,640
up €33,640 (+3548.2%), from €948 to €34,588
- Cash +€10,985
up €10,985 (+6.6%), from €167,329 to €178,314
mainly Trade debts (+€35,764) and Other debts (+€21,314)
- Tangible fixed assets +€6,569
new in 2025: €6,569
- Receivables within one year -€5,067
down €5,067 (-3.0%), from €167,955 to €162,889
of which Trade receivables: -€27,189
- Profit (loss) carried forward -€40,377
down €40,377 (-30.2%), from €133,585 to €93,208
- Trade debts +€35,764
up €35,764 (+424.8%), from €8,418 to €44,182
- Other debts +€21,314
up €21,314 (+29.9%), from €71,250 to €92,564
- Accrued charges and deferred income +€18,873
up €18,873 (+35.9%), from €52,607 to €71,480
- Reserves +€9,875
up €9,875 (+14.5%), from €68,300 to €78,175
of which Tax-exempt reserves: +€9,875
- Gross operating margin -€72,109
down €72,109 (-71.7%), from €100,638 to €28,529
- Taxes -€18,548
down €18,548 (-73.1%), from €25,384 to €6,835
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 | €338,241 | €383,689 | +€45,448 | +13.4% |
| Fixed assets | 21/28 | €2,009 | €7,898 | +€5,889 | +293.2% |
| Intangible fixed assets | 21 | €2,009 | €1,329 | -€680 | -33.8% |
| Tangible fixed assets | 22/27 | - | €6,569 | +€6,569 | |
| Plant, machinery and equipment | 23 | - | €6,569 | +€6,569 | |
| Current assets | 29/58 | €336,232 | €375,791 | +€39,559 | +11.8% |
| Amounts receivable within one year | 40/41 | €167,955 | €162,889 | -€5,067 | -3.0% |
| Trade receivables | 40 | €166,766 | €139,578 | -€27,189 | -16.3% |
| Other amounts receivable | 41 | €1,189 | €23,311 | +€22,122 | +1860.8% |
| Cash at bank and in hand | 54/58 | €167,329 | €178,314 | +€10,985 | +6.6% |
| Deferred charges and accrued income | 490/1 | €948 | €34,588 | +€33,640 | +3548.2% |
| Total equity and liabilities | 10/49 | €338,241 | €383,689 | +€45,448 | +13.4% |
| Equity | 10/15 | €201,885 | €171,382 | -€30,503 | -15.1% |
| Reserves | 13 | €68,300 | €78,175 | +€9,875 | +14.5% |
| Tax-exempt reserves | 132 | - | €9,875 | +€9,875 | |
| Distributable reserves | 133 | €68,300 | €68,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,585 | €93,208 | -€40,377 | -30.2% |
| Amounts payable | 17/49 | €136,356 | €212,306 | +€75,951 | +55.7% |
| Amounts payable within one year | 42/48 | €83,749 | €140,827 | +€57,078 | +68.2% |
| Trade debts | 44 | €8,418 | €44,182 | +€35,764 | +424.8% |
| Suppliers | 440/4 | €8,418 | €44,182 | +€35,764 | +424.8% |
| Taxes, remuneration and social security | 45 | €4,081 | €4,081 | = | 0.0% |
| Taxes | 450/3 | €4,081 | €4,081 | = | 0.0% |
| Other amounts payable | 47/48 | €71,250 | €92,564 | +€21,314 | +29.9% |
| Accrued charges and deferred income | 492/3 | €52,607 | €71,480 | +€18,873 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €1,171 | +€441 | +60.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €100,638 | €28,529 | -€72,109 | -71.7% |
| Operating profit (loss) | 9901 | €99,520 | €26,958 | -€72,562 | -72.9% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €385 | €626 | +€241 | +62.5% |
| Recurring financial charges | 65 | €385 | €626 | +€241 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €99,145 | €26,333 | -€72,813 | -73.4% |
| Income taxes | 67/77 | €25,384 | €6,835 | -€18,548 | -73.1% |
| Profit (loss) for the period | 9904 | €73,762 | €19,497 | -€54,264 | -73.6% |
| Transfer to tax-exempt reserves | 689 | - | €9,875 | +€9,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,762 | €9,623 | -€64,139 | -87.0% |
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 7 October 2026 via checked.be.