Codiline: 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.
Codiline
Largest movements
- Tangible fixed assets -€159,244
down €159,244 (-100.0%), from €159,244 to €0
- Cash +€13,761
up €13,761 (+273.7%), from €5,027 to €18,788
mainly Investment in fixed assets (net) (+€159,244) and Receivables within one year (+€568)
- Provisions -€35,618
down €35,618 (-100.0%), from €35,618 to €0
- Short-term financial debts -€26,743
down €26,743 (-100.0%), from €26,743 to €0
- Current portion of long-term debt -€23,842
down €23,842 (-100.0%), from €23,842 to €0
- Tax, wage and social debts -€23,834
down €23,834 (-16.7%), from €142,389 to €118,555
of which Taxes: -€29,211
- Trade debts -€19,346
down €19,346 (-43.1%), from €44,904 to €25,558
- Gross operating margin +€33,796
up €33,796 (+36.3%), from €93,186 to €126,982
- Provisions -€31,698
down €31,698 (-89.0%), from €35,618 to €3,921
- Other operating charges +€9,057
up €9,057 (+220.6%), from €4,106 to €13,163
- Financial charges -€8,912
down €8,912 (-26.7%), from €33,319 to €24,407
- Depreciation -€6,352
down €6,352 (-100.0%), from €6,352 to €0
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,963 | €83,109 | -€145,854 | -63.7% |
| Fixed assets | 21/28 | €159,379 | €135 | -€159,244 | -99.9% |
| Tangible fixed assets | 22/27 | €159,244 | €0 | -€159,244 | -100.0% |
| Land and buildings | 22 | €159,244 | €0 | -€159,244 | -100.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €69,584 | €82,974 | +€13,390 | +19.2% |
| Amounts receivable within one year | 40/41 | €62,197 | €61,630 | -€568 | -0.9% |
| Trade receivables | 40 | €47,831 | €49,919 | +€2,088 | +4.4% |
| Other amounts receivable | 41 | €14,366 | €11,711 | -€2,655 | -18.5% |
| Cash at bank and in hand | 54/58 | €5,027 | €18,788 | +€13,761 | +273.7% |
| Deferred charges and accrued income | 490/1 | €2,360 | €2,557 | +€197 | +8.3% |
| Total equity and liabilities | 10/49 | €228,963 | €83,109 | -€145,854 | -63.7% |
| Equity | 10/15 | -€45,610 | -€61,046 | -€15,436 | -33.8% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €32,511 | €32,511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,700 | €2,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,700 | €2,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,811 | €4,811 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,121 | -€120,557 | -€15,436 | -14.7% |
| Provisions and deferred taxes | 16 | €35,618 | €0 | -€35,618 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €35,618 | €0 | -€35,618 | -100.0% |
| Pensions and similar obligations | 160 | €35,618 | €0 | -€35,618 | -100.0% |
| Amounts payable | 17/49 | €238,955 | €144,155 | -€94,800 | -39.7% |
| Amounts payable within one year | 42/48 | €237,878 | €144,113 | -€93,765 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €23,842 | €0 | -€23,842 | -100.0% |
| Financial debts | 43 | €26,743 | €0 | -€26,743 | -100.0% |
| Credit institutions | 430/8 | €26,743 | €0 | -€26,743 | -100.0% |
| Trade debts | 44 | €44,904 | €25,558 | -€19,346 | -43.1% |
| Suppliers | 440/4 | €44,904 | €25,558 | -€19,346 | -43.1% |
| Taxes, remuneration and social security | 45 | €142,389 | €118,555 | -€23,834 | -16.7% |
| Taxes | 450/3 | €96,372 | €67,162 | -€29,211 | -30.3% |
| Remuneration and social security | 454/9 | €46,017 | €51,394 | +€5,377 | +11.7% |
| Accrued charges and deferred income | 492/3 | €1,076 | €42 | -€1,035 | -96.1% |
| Non-recurring operating income | 76A | €14,504 | €18,956 | +€4,452 | +30.7% |
| Remuneration, social security and pensions | 62 | €108,583 | €104,577 | -€4,006 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,352 | €0 | -€6,352 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,200 | -€5,200 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €35,618 | €3,921 | -€31,698 | -89.0% |
| Other operating charges | 640/8 | €4,106 | €13,163 | +€9,057 | +220.6% |
| Non-recurring operating charges | 66A | - | €1,610 | +€1,610 | |
| Gross operating margin | 9900 | €93,186 | €126,982 | +€33,796 | +36.3% |
| Operating profit (loss) | 9901 | -€61,473 | €8,911 | +€70,384 | |
| Financial income | 75/76B | €1,439 | €0 | -€1,438 | -100.0% |
| Recurring financial income | 75 | €1,439 | €0 | -€1,438 | -100.0% |
| Financial charges | 65/66B | €33,319 | €24,407 | -€8,912 | -26.7% |
| Recurring financial charges | 65 | €33,319 | €24,407 | -€8,912 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€93,353 | -€15,495 | +€77,858 | +83.4% |
| Income taxes | 67/77 | €344 | -€59 | -€403 | |
| Profit (loss) for the period | 9904 | -€93,697 | -€15,436 | +€78,261 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,697 | -€15,436 | +€78,261 | +83.5% |
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 5 October 2026 via checked.be.