be.coded: what changed
Two fiscal 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.
be.coded
Largest movements
- Cash +€73,770
up €73,770 (+12.4%), from €596,058 to €669,827
mainly Net result for the year (+€65,954) and Depreciation (+€4,782)
- Reserves +€65,954
up €65,954 (+11.3%), from €582,496 to €648,450
- Gross operating margin +€7,154
up €7,154 (+7.8%), from €91,575 to €98,729
- Taxes +€1,905
up €1,905 (+8.1%), from €23,383 to €25,288
From the 2024 result to the 2025 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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €623,075 | €692,677 | +€69,602 | +11.2% |
| Fixed assets | 21/28 | €12,107 | €8,462 | -€3,645 | -30.1% |
| Tangible fixed assets | 22/27 | €12,107 | €8,462 | -€3,645 | -30.1% |
| Plant, machinery and equipment | 23 | €3,192 | €1,842 | -€1,350 | -42.3% |
| Furniture and vehicles | 24 | €8,916 | €6,620 | -€2,295 | -25.7% |
| Current assets | 29/58 | €610,968 | €684,215 | +€73,247 | +12.0% |
| Amounts receivable within one year | 40/41 | €14,290 | €13,772 | -€518 | -3.6% |
| Trade receivables | 40 | €13,673 | €12,061 | -€1,612 | -11.8% |
| Other amounts receivable | 41 | €617 | €1,712 | +€1,095 | +177.4% |
| Cash at bank and in hand | 54/58 | €596,058 | €669,827 | +€73,770 | +12.4% |
| Deferred charges and accrued income | 490/1 | €620 | €615 | -€5 | -0.8% |
| Total equity and liabilities | 10/49 | €623,075 | €692,677 | +€69,602 | +11.2% |
| Equity | 10/15 | €582,996 | €648,950 | +€65,954 | +11.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €582,496 | €648,450 | +€65,954 | +11.3% |
| Distributable reserves | 133 | €582,496 | €648,450 | +€65,954 | +11.3% |
| Amounts payable | 17/49 | €40,079 | €43,726 | +€3,647 | +9.1% |
| Amounts payable within one year | 42/48 | €40,079 | €43,726 | +€3,647 | +9.1% |
| Trade debts | 44 | €434 | €195 | -€239 | -55.1% |
| Suppliers | 440/4 | €434 | €195 | -€239 | -55.1% |
| Taxes, remuneration and social security | 45 | €9,364 | €11,909 | +€2,545 | +27.2% |
| Taxes | 450/3 | €9,364 | €11,909 | +€2,545 | +27.2% |
| Other amounts payable | 47/48 | €30,281 | €31,622 | +€1,341 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,006 | €4,782 | +€776 | +19.4% |
| Other operating charges | 640/8 | €755 | €528 | -€228 | -30.1% |
| Gross operating margin | 9900 | €91,575 | €98,729 | +€7,154 | +7.8% |
| Operating profit (loss) | 9901 | €86,814 | €93,419 | +€6,605 | +7.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,345 | €2,176 | -€169 | -7.2% |
| Recurring financial charges | 65 | €2,345 | €2,176 | -€169 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €84,468 | €91,243 | +€6,775 | +8.0% |
| Income taxes | 67/77 | €23,383 | €25,288 | +€1,905 | +8.1% |
| Profit (loss) for the period | 9904 | €61,085 | €65,954 | +€4,869 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,085 | €65,954 | +€4,869 | +8.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.