QODE: what changed
QODE
Largest movements
- Tangible fixed assets -€7,166
down €7,166 (-31.2%), from €22,933 to €15,767
of which Furniture and vehicles: -€5,954
- Cash -€6,165
down €6,165 (-13.5%), from €45,759 to €39,593
mainly Contributions, distributions and other (-€31,424) and Investment in fixed assets (net) (-€6,815)
- Receivables within one year +€1,090
up €1,090 (+5.9%), from €18,442 to €19,532
of which Trade receivables: +€4,465
- Reserves -€25,113
down €25,113 (-93.1%), from €26,973 to €1,860
of which Distributable reserves: -€25,113
- Other debts +€16,739
up €16,739 (+84.6%), from €19,781 to €36,520
- Profit (loss) carried forward +€8,084
up €8,084, from -€8,084 to €0
- Tax, wage and social debts +€7,007
up €7,007 (+96.4%), from €7,269 to €14,275
of which Taxes: +€7,007
- Trade debts -€5,965
down €5,965 (-70.3%), from €8,487 to €2,522
- Gross operating margin +€27,027
up €27,027 (+300%), from €9,022 to €36,049
- Taxes +€4,927
up €4,927 (+3,888%), from €127 to €5,054
- Depreciation -€856
down €856 (-5.8%), from €14,838 to €13,981
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 | €87,792 | €75,608 | -€12,184 | -13.9% |
| Fixed assets | 21/28 | €22,933 | €15,767 | -€7,166 | -31.2% |
| Tangible fixed assets | 22/27 | €22,933 | €15,767 | -€7,166 | -31.2% |
| Furniture and vehicles | 24 | €12,803 | €6,849 | -€5,954 | -46.5% |
| Other tangible fixed assets | 26 | €10,131 | €8,918 | -€1,212 | -12.0% |
| Current assets | 29/58 | €64,859 | €59,841 | -€5,018 | -7.7% |
| Amounts receivable within one year | 40/41 | €18,442 | €19,532 | +€1,090 | +5.9% |
| Trade receivables | 40 | €15,065 | €19,530 | +€4,465 | +29.6% |
| Other amounts receivable | 41 | €3,378 | €3 | -€3,375 | -99.9% |
| Cash at bank and in hand | 54/58 | €45,759 | €39,593 | -€6,165 | -13.5% |
| Deferred charges and accrued income | 490/1 | €658 | €715 | +€57 | +8.7% |
| Total equity and liabilities | 10/49 | €87,792 | €75,608 | -€12,184 | -13.9% |
| Equity | 10/15 | €37,489 | €20,460 | -€17,029 | -45.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,973 | €1,860 | -€25,113 | -93.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,113 | €0 | -€25,113 | -100% |
| Profit (loss) carried forward | 14 | -€8,084 | €0 | +€8,084 | |
| Amounts payable | 17/49 | €50,303 | €55,148 | +€4,845 | +9.6% |
| Amounts payable after more than one year | 17 | €1,831 | €0 | -€1,831 | -100% |
| Financial debts | 170/4 | €1,831 | €0 | -€1,831 | -100% |
| Amounts payable within one year | 42/48 | €42,773 | €55,148 | +€12,375 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €7,236 | €1,831 | -€5,405 | -74.7% |
| Trade debts | 44 | €8,487 | €2,522 | -€5,965 | -70.3% |
| Suppliers | 440/4 | €8,487 | €2,522 | -€5,965 | -70.3% |
| Taxes, remuneration and social security | 45 | €7,269 | €14,275 | +€7,007 | +96.4% |
| Taxes | 450/3 | €7,269 | €14,275 | +€7,007 | +96.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,781 | €36,520 | +€16,739 | +84.6% |
| Accrued charges and deferred income | 492/3 | €5,700 | €0 | -€5,700 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,838 | €13,981 | -€856 | -5.8% |
| Other operating charges | 640/8 | €1,667 | €1,919 | +€252 | +15.1% |
| Gross operating margin | 9900 | €9,022 | €36,049 | +€27,027 | +300% |
| Operating profit (loss) | 9901 | -€7,482 | €20,150 | +€27,632 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €475 | €705 | +€230 | +48.4% |
| Recurring financial charges | 65 | €475 | €705 | +€230 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,957 | €19,448 | +€27,406 | |
| Income taxes | 67/77 | €127 | €5,054 | +€4,927 | +3,888% |
| Profit (loss) for the period | 9904 | -€8,084 | €14,395 | +€22,479 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,084 | €14,395 | +€22,479 |
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 2 November 2026 via checked.be.