KoDes: 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.
KoDes
Largest movements
- Receivables within one year -€13,173
down €13,173 (-81.0%), from €16,268 to €3,094
of which Trade receivables: -€11,938
- Deferred charges and accrued income -€5,734
down €5,734 (-48.0%), from €11,934 to €6,200
- Tangible fixed assets -€4,453
down €4,453 (-15.8%), from €28,142 to €23,689
of which Furniture and vehicles: -€3,929
- Cash +€1,709
up €1,709 (+3.0%), from €56,536 to €58,245
mainly Receivables within one year (+€13,173) and Depreciation (+€6,900)
- Other debts -€17,959
down €17,959 (-21.2%), from €84,707 to €66,748
- Tax, wage and social debts -€3,054
down €3,054 (-100%), from €3,054 to €0
- Trade debts -€1,929
down €1,929 (-62.8%), from €3,072 to €1,144
- Profit (loss) carried forward +€1,615
up €1,615, from €0 to €1,615
- Gross operating margin -€21,346
down €21,346 (-63.2%), from €33,802 to €12,456
- Taxes -€5,701
down €5,701 (-77.0%), from €7,405 to €1,703
- Financial charges -€1,221
down €1,221 (-42.5%), from €2,873 to €1,652
- Depreciation +€1,176
up €1,176 (+20.6%), from €5,724 to €6,900
- Other operating charges -€520
down €520 (-47.0%), from €1,107 to €586
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,880 | €91,229 | -€21,652 | -19.2% |
| Fixed assets | 21/28 | €28,142 | €23,689 | -€4,453 | -15.8% |
| Tangible fixed assets | 22/27 | €28,142 | €23,689 | -€4,453 | -15.8% |
| Plant, machinery and equipment | 23 | €2,932 | €4,332 | +€1,400 | +47.8% |
| Furniture and vehicles | 24 | €9,275 | €5,346 | -€3,929 | -42.4% |
| Other tangible fixed assets | 26 | €15,935 | €14,011 | -€1,924 | -12.1% |
| Current assets | 29/58 | €84,738 | €67,539 | -€17,199 | -20.3% |
| Amounts receivable within one year | 40/41 | €16,268 | €3,094 | -€13,173 | -81.0% |
| Trade receivables | 40 | €13,165 | €1,227 | -€11,938 | -90.7% |
| Other amounts receivable | 41 | €3,103 | €1,867 | -€1,235 | -39.8% |
| Cash at bank and in hand | 54/58 | €56,536 | €58,245 | +€1,709 | +3.0% |
| Deferred charges and accrued income | 490/1 | €11,934 | €6,200 | -€5,734 | -48.0% |
| Total equity and liabilities | 10/49 | €112,880 | €91,229 | -€21,652 | -19.2% |
| Equity | 10/15 | €21,695 | €23,310 | +€1,615 | +7.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,695 | €16,695 | = | 0.0% |
| Distributable reserves | 133 | €16,695 | €16,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,615 | +€1,615 | |
| Amounts payable | 17/49 | €91,185 | €67,919 | -€23,267 | -25.5% |
| Amounts payable within one year | 42/48 | €91,185 | €67,919 | -€23,267 | -25.5% |
| Financial debts | 43 | €352 | €27 | -€325 | -92.3% |
| Credit institutions | 430/8 | €352 | €27 | -€325 | -92.3% |
| Trade debts | 44 | €3,072 | €1,144 | -€1,929 | -62.8% |
| Suppliers | 440/4 | €3,072 | €1,144 | -€1,929 | -62.8% |
| Taxes, remuneration and social security | 45 | €3,054 | €0 | -€3,054 | -100% |
| Taxes | 450/3 | €3,054 | €0 | -€3,054 | -100% |
| Other amounts payable | 47/48 | €84,707 | €66,748 | -€17,959 | -21.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,724 | €6,900 | +€1,176 | +20.6% |
| Other operating charges | 640/8 | €1,107 | €586 | -€520 | -47.0% |
| Gross operating margin | 9900 | €33,802 | €12,456 | -€21,346 | -63.2% |
| Operating profit (loss) | 9901 | €26,972 | €4,970 | -€22,002 | -81.6% |
| Financial income | 75/76B | €1 | €1 | +€0 | +60.0% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +60.0% |
| Financial charges | 65/66B | €2,873 | €1,652 | -€1,221 | -42.5% |
| Recurring financial charges | 65 | €2,873 | €1,652 | -€1,221 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €24,099 | €3,318 | -€20,781 | -86.2% |
| Income taxes | 67/77 | €7,405 | €1,703 | -€5,701 | -77.0% |
| Profit (loss) for the period | 9904 | €16,695 | €1,615 | -€15,080 | -90.3% |
| Transfer from tax-exempt reserves | 789 | €91,021 | €0 | -€91,021 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €107,716 | €1,615 | -€106,101 | -98.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.