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CodeLegion: 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

CodeLegion

BE 0472.977.740
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€89,172
2024 · €32,702+€56,470
Equity
€774,243
2024 · €827,491-€53,248
Cash
€18,956
2024 · €251,638-€232,682
Balance sheet total
€862,221
2024 · €908,183-€45,962

Largest movements

2024 to 2025
Assets
  • Cash -€232,682

    down €232,682 (-92.5%), from €251,638 to €18,956

    mainly Contributions, distributions and other (-€142,420) and Current investments (-€140,000)

  • Current investments +€140,000

    new in 2025: €140,000

  • Receivables after one year +€76,373

    up €76,373 (+16.7%), from €456,619 to €532,992

  • Deferred charges and accrued income -€57,114

    down €57,114 (-96.9%), from €58,948 to €1,834

  • Tangible fixed assets +€32,810

    up €32,810 (+35.1%), from €93,573 to €126,384

    of which Furniture and vehicles: +€41,193

Equity and liabilities
  • Reserves -€53,248

    down €53,248 (-6.7%), from €800,054 to €746,806

  • Tax, wage and social debts +€17,912

    up €17,912 (+240%), from €7,471 to €25,383

    of which Taxes: +€13,662

Income statement
  • Gross operating margin +€72,145

    up €72,145 (+139%), from €51,804 to €123,949

  • Taxes +€21,761

    up €21,761 (+162%), from €13,425 to €35,186

  • Financial income +€6,088

    up €6,088 (+61.1%), from €9,961 to €16,049

  • Depreciation +€1,469

    up €1,469 (+12.7%), from €11,610 to €13,079

From the 2024 result to the 2025 result

effect on the 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 €32,702
Gross operating margin +€72,145
Depreciation -€1,469
Other operating charges +€955
Financial income +€6,088
Financial charges +€513
Taxes -€21,761
Result 2025 €89,172
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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 +€103,950
Investment -€185,840
Financing -€150,793
Cash 2024 €251,638
Net result for the year +€89,172
Depreciation +€13,079
Receivables after one year -€76,373
Receivables within one year +€5,299
Deferred charges and accrued income +€57,114
Trade debts -€1,685
Tax, wage and social debts +€17,912
Other debts -€568
Investment in fixed assets (net) -€45,840
Current investments -€140,000
Debts after one year -€8,591
Current portion of long-term debt +€101
Short-term financial debts +€118
Contributions, distributions and other -€142,420
Cash 2025 €18,956
brings cash intakes cash out
Every line side by side 47 lines
Line Code 2024 2025 Change %
Total assets 20/58 €908,183 €862,221 -€45,962 -5.1%
Fixed assets 21/28 €93,623 €126,384 +€32,761 +35.0%
Tangible fixed assets 22/27 €93,573 €126,384 +€32,810 +35.1%
Land and buildings 22 €88,140 €79,757 -€8,383 -9.5%
Furniture and vehicles 24 €5,433 €46,627 +€41,193 +758%
Financial fixed assets 28 €50 €0 -€50 -100%
Current assets 29/58 €814,560 €735,837 -€78,722 -9.7%
Amounts receivable after more than one year 29 €456,619 €532,992 +€76,373 +16.7%
Other amounts receivable 291 €456,619 €532,992 +€76,373 +16.7%
Amounts receivable within one year 40/41 €47,354 €42,055 -€5,299 -11.2%
Trade receivables 40 €47,354 €42,011 -€5,343 -11.3%
Other amounts receivable 41 - €44 +€44
Current investments 50/53 - €140,000 +€140,000
Cash at bank and in hand 54/58 €251,638 €18,956 -€232,682 -92.5%
Deferred charges and accrued income 490/1 €58,948 €1,834 -€57,114 -96.9%
Total equity and liabilities 10/49 €908,183 €862,221 -€45,962 -5.1%
Equity 10/15 €827,491 €774,243 -€53,248 -6.4%
Contributions 10/11 €27,437 €27,437 = 0.0%
Reserves 13 €800,054 €746,806 -€53,248 -6.7%
Distributable reserves 133 €800,054 €746,806 -€53,248 -6.7%
Profit (loss) carried forward 14 - €0 =
Amounts payable 17/49 €80,692 €87,978 +€7,287 +9.0%
Amounts payable after more than one year 17 €51,130 €42,539 -€8,591 -16.8%
Financial debts 170/4 €51,130 €42,539 -€8,591 -16.8%
Amounts payable within one year 42/48 €29,562 €45,440 +€15,878 +53.7%
Current portion of amounts payable after more than one year 42 €8,468 €8,569 +€101 +1.2%
Financial debts 43 - €118 +€118
Credit institutions 430/8 - €118 +€118
Trade debts 44 €13,054 €11,369 -€1,685 -12.9%
Suppliers 440/4 €13,054 €11,369 -€1,685 -12.9%
Taxes, remuneration and social security 45 €7,471 €25,383 +€17,912 +240%
Taxes 450/3 €7,471 €21,133 +€13,662 +183%
Remuneration and social security 454/9 - €4,250 +€4,250
Other amounts payable 47/48 €568 €0 -€568 -100%
Remuneration, social security and pensions 62 - €0 =
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €11,610 €13,079 +€1,469 +12.7%
Other operating charges 640/8 €1,384 €430 -€955 -69.0%
Gross operating margin 9900 €51,804 €123,949 +€72,145 +139%
Operating profit (loss) 9901 €38,810 €110,440 +€71,630 +185%
Financial income 75/76B €9,961 €16,049 +€6,088 +61.1%
Recurring financial income 75 €9,961 €16,049 +€6,088 +61.1%
Financial charges 65/66B €2,644 €2,131 -€513 -19.4%
Recurring financial charges 65 €2,644 €2,131 -€513 -19.4%
Profit (loss) for the period before taxes 9903 €46,127 €124,358 +€78,231 +170%
Income taxes 67/77 €13,425 €35,186 +€21,761 +162%
Profit (loss) for the period 9904 €32,702 €89,172 +€56,470 +173%
Profit (loss) for the period to be appropriated 9905 €32,702 €89,172 +€56,470 +173%

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 29 October 2026 via checked.be.