CODOS: what changed
What changed
CODOS
NACE 62.900, Other information technology and computer services
filed annual accounts (NBB)
Net result for the year
€78,517
2025 · €72,735+€5,782
Equity
€493,932
2025 · €415,415+€78,517
Cash
€28,918
2025 · €26,021+€2,897
Balance sheet total
€537,348
2025 · €465,201+€72,146
Largest movements
Assets
- Current investments +€79,948
up €79,948 (+23.3%), from €343,797 to €423,745
- Receivables within one year +€18,167
up €18,167 (+60.8%), from €29,860 to €48,027
of which Trade receivables: +€17,387
- Deferred charges and accrued income -€16,783
down €16,783 (-93.1%), from €18,035 to €1,253
- Tangible fixed assets -€12,083
down €12,083 (-25.4%), from €47,488 to €35,405
of which Furniture and vehicles: -€13,385
Equity and liabilities
- Reserves +€78,517
up €78,517 (+19.2%), from €409,215 to €487,732
- Debts after one year -€8,218
down €8,218 (-41.6%), from €19,744 to €11,525
Income statement
- Gross operating margin +€9,812
up €9,812 (+8.9%), from €109,940 to €119,752
- Taxes +€2,979
up €2,979 (+11.0%), from €27,033 to €30,012
- Financial income -€1,681
down €1,681 (-21.2%), from €7,914 to €6,233
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€72,735
Gross operating margin
+€9,812
Depreciation
+€237
Other operating charges
+€129
Financial income
-€1,681
Financial charges
+€265
Taxes
-€2,979
Result 2026
€78,517
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€91,272
Investment
-€82,845
Financing
-€5,530
Cash 2025
€26,021
From operations (derived)
+€91,272
Net result for the year
+€78,517
Depreciation
+€14,980
Receivables within one year
-€18,167
Deferred charges and accrued income
+€16,783
Trade debts
-€4,948
Tax, wage and social debts
+€4,108
Investment (derived)
-€82,845
Investment in fixed assets (net)
-€2,897
Current investments
-€79,948
Financing
-€5,530
Debts after one year
-€8,218
Current portion of long-term debt
+€348
Short-term financial debts
+€2,341
Cash 2026
€28,918
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €465,201 | €537,348 | +€72,146 | +15.5% |
| Fixed assets | 21/28 | €47,488 | €35,405 | -€12,083 | -25.4% |
| Tangible fixed assets | 22/27 | €47,488 | €35,405 | -€12,083 | -25.4% |
| Plant, machinery and equipment | 23 | €772 | €2,963 | +€2,191 | +284% |
| Furniture and vehicles | 24 | €43,420 | €30,034 | -€13,385 | -30.8% |
| Other tangible fixed assets | 26 | €3,296 | €2,408 | -€888 | -26.9% |
| Current assets | 29/58 | €417,713 | €501,943 | +€84,229 | +20.2% |
| Amounts receivable within one year | 40/41 | €29,860 | €48,027 | +€18,167 | +60.8% |
| Trade receivables | 40 | €26,945 | €44,332 | +€17,387 | +64.5% |
| Other amounts receivable | 41 | €2,915 | €3,695 | +€779 | +26.7% |
| Current investments | 50/53 | €343,797 | €423,745 | +€79,948 | +23.3% |
| Cash at bank and in hand | 54/58 | €26,021 | €28,918 | +€2,897 | +11.1% |
| Deferred charges and accrued income | 490/1 | €18,035 | €1,253 | -€16,783 | -93.1% |
| Total equity and liabilities | 10/49 | €465,201 | €537,348 | +€72,146 | +15.5% |
| Equity | 10/15 | €415,415 | €493,932 | +€78,517 | +18.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €409,215 | €487,732 | +€78,517 | +19.2% |
| Distributable reserves | 133 | €409,215 | €487,732 | +€78,517 | +19.2% |
| Amounts payable | 17/49 | €49,786 | €43,415 | -€6,370 | -12.8% |
| Amounts payable after more than one year | 17 | €19,744 | €11,525 | -€8,218 | -41.6% |
| Financial debts | 170/4 | €19,744 | €11,525 | -€8,218 | -41.6% |
| Amounts payable within one year | 42/48 | €30,042 | €31,890 | +€1,848 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €7,871 | €8,218 | +€348 | +4.4% |
| Financial debts | 43 | €6,280 | €8,621 | +€2,341 | +37.3% |
| Credit institutions | 430/8 | €6,280 | €8,621 | +€2,341 | +37.3% |
| Trade debts | 44 | €4,948 | - | -€4,948 | |
| Suppliers | 440/4 | €4,948 | - | -€4,948 | |
| Taxes, remuneration and social security | 45 | €10,943 | €15,050 | +€4,108 | +37.5% |
| Taxes | 450/3 | €10,943 | €15,050 | +€4,108 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,217 | €14,980 | -€237 | -1.6% |
| Other operating charges | 640/8 | €409 | €281 | -€129 | -31.4% |
| Gross operating margin | 9900 | €109,940 | €119,752 | +€9,812 | +8.9% |
| Operating profit (loss) | 9901 | €94,314 | €104,492 | +€10,178 | +10.8% |
| Financial income | 75/76B | €7,914 | €6,233 | -€1,681 | -21.2% |
| Recurring financial income | 75 | €7,914 | €6,233 | -€1,681 | -21.2% |
| Financial charges | 65/66B | €2,460 | €2,195 | -€265 | -10.8% |
| Recurring financial charges | 65 | €2,460 | €2,195 | -€265 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €99,768 | €108,529 | +€8,761 | +8.8% |
| Income taxes | 67/77 | €27,033 | €30,012 | +€2,979 | +11.0% |
| Profit (loss) for the period | 9904 | €72,735 | €78,517 | +€5,782 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,735 | €78,517 | +€5,782 | +7.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.