CODEVID: what changed
CODEVID
Largest movements
- Cash -€165,633
down €165,633 (-67.8%), from €244,153 to €78,520
mainly Net result for the year (-€576,329) and Accrued charges and deferred income (-€110,975)
- Receivables within one year -€104,775
down €104,775 (-10.1%), from €1.0m to €927,927
of which Trade receivables: -€291,531
- Tangible fixed assets -€67,844
down €67,844 (-21.7%), from €312,953 to €245,109
of which Furniture and vehicles: -€64,209
- Deferred charges and accrued income -€56,607
down €56,607 (-56.1%), from €100,946 to €44,338
- Reserves -€513,973
down €513,973 (-99.8%), from €514,966 to €993
of which Distributable reserves: -€513,973
- Short-term financial debts +€400,000
up €400,000 (+400%), from €100,000 to €500,000
- Accrued charges and deferred income -€110,975
down €110,975 (-89.9%), from €123,394 to €12,419
- Trade debts +€97,960
up €97,960 (+29.4%), from €333,604 to €431,564
- Other debts -€89,703
no longer reported in 2025 (was €89,703)
- Gross operating margin -€1.0m
down €1.0m (-55.2%), from €1.9m to €843,605
- Financial income +€208,460
up €208,460 (+8,165%), from €2,553 to €211,013
- Staff costs -€206,372
down €206,372 (-13.3%), from €1.5m to €1.3m
- Write-downs +€101,562
up €101,562 (+259%), from €39,186 to €140,748
- Taxes -€48,747
down €48,747 (-93.0%), from €52,388 to €3,642
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,983,703 | €1,585,344 | -€398,359 | -20.1% |
| Fixed assets | 21/28 | €605,903 | €534,559 | -€71,344 | -11.8% |
| Intangible fixed assets | 21 | €23,834 | €20,334 | -€3,500 | -14.7% |
| Tangible fixed assets | 22/27 | €312,953 | €245,109 | -€67,844 | -21.7% |
| Furniture and vehicles | 24 | €309,317 | €245,109 | -€64,209 | -20.8% |
| Other tangible fixed assets | 26 | €3,636 | - | -€3,636 | |
| Financial fixed assets | 28 | €269,116 | €269,116 | = | 0.0% |
| Current assets | 29/58 | €1,377,800 | €1,050,785 | -€327,015 | -23.7% |
| Amounts receivable within one year | 40/41 | €1,032,702 | €927,927 | -€104,775 | -10.1% |
| Trade receivables | 40 | €858,473 | €566,943 | -€291,531 | -34.0% |
| Other amounts receivable | 41 | €174,228 | €360,984 | +€186,756 | +107% |
| Cash at bank and in hand | 54/58 | €244,153 | €78,520 | -€165,633 | -67.8% |
| Deferred charges and accrued income | 490/1 | €100,946 | €44,338 | -€56,607 | -56.1% |
| Total equity and liabilities | 10/49 | €1,983,703 | €1,585,344 | -€398,359 | -20.1% |
| Equity | 10/15 | €592,154 | €15,825 | -€576,329 | -97.3% |
| Contributions | 10/11 | €77,188 | €77,188 | = | 0.0% |
| Reserves | 13 | €514,966 | €993 | -€513,973 | -99.8% |
| Tax-exempt reserves | 132 | €993 | €993 | = | 0.0% |
| Distributable reserves | 133 | €513,973 | - | -€513,973 | |
| Profit (loss) carried forward | 14 | - | -€62,356 | -€62,356 | |
| Amounts payable | 17/49 | €1,391,549 | €1,569,519 | +€177,970 | +12.8% |
| Amounts payable after more than one year | 17 | €319,126 | €304,253 | -€14,872 | -4.7% |
| Financial debts | 170/4 | €319,126 | €304,253 | -€14,872 | -4.7% |
| Amounts payable within one year | 42/48 | €949,029 | €1,252,846 | +€303,817 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €182,476 | €131,438 | -€51,038 | -28.0% |
| Financial debts | 43 | €100,000 | €500,000 | +€400,000 | +400% |
| Credit institutions | 430/8 | €100,000 | €500,000 | +€400,000 | +400% |
| Trade debts | 44 | €333,604 | €431,564 | +€97,960 | +29.4% |
| Suppliers | 440/4 | €333,604 | €431,564 | +€97,960 | +29.4% |
| Taxes, remuneration and social security | 45 | €243,246 | €189,844 | -€53,402 | -22.0% |
| Taxes | 450/3 | €80,324 | €51,992 | -€28,331 | -35.3% |
| Remuneration and social security | 454/9 | €162,922 | €137,852 | -€25,071 | -15.4% |
| Other amounts payable | 47/48 | €89,703 | - | -€89,703 | |
| Accrued charges and deferred income | 492/3 | €123,394 | €12,419 | -€110,975 | -89.9% |
| Remuneration, social security and pensions | 62 | €1,547,040 | €1,340,668 | -€206,372 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,943 | €100,329 | -€8,614 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,186 | €140,748 | +€101,562 | +259% |
| Other operating charges | 640/8 | €9,066 | €12,550 | +€3,484 | +38.4% |
| Gross operating margin | 9900 | €1,883,109 | €843,605 | -€1.0m | -55.2% |
| Operating profit (loss) | 9901 | €178,874 | -€750,690 | -€929,563 | |
| Financial income | 75/76B | €2,553 | €211,013 | +€208,460 | +8,165% |
| Recurring financial income | 75 | €2,553 | €211,013 | +€208,460 | +8,165% |
| Financial charges | 65/66B | €39,411 | €33,010 | -€6,402 | -16.2% |
| Recurring financial charges | 65 | €39,411 | €33,010 | -€6,402 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €142,015 | -€572,687 | -€714,702 | |
| Income taxes | 67/77 | €52,388 | €3,642 | -€48,747 | -93.0% |
| Profit (loss) for the period | 9904 | €89,627 | -€576,329 | -€665,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,627 | -€576,329 | -€665,955 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.