Belgian Coder: 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.
Belgian Coder
Largest movements
- Tangible fixed assets -€9,016
down €9,016 (-24.7%), from €36,494 to €27,478
of which Furniture and vehicles: -€7,935
- Receivables within one year -€1,167
down €1,167 (-9.3%), from €12,520 to €11,353
of which Trade receivables: -€1,167
- Reserves -€76,023
down €76,023 (-100.0%), from €76,023 to €0
- Other debts +€66,508
up €66,508 (+221693.5%), from €30 to €66,538
- Gross operating margin +€6,546
up €6,546 (+14.4%), from €45,541 to €52,086
- Depreciation +€2,041
up €2,041 (+14.2%), from €14,409 to €16,450
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 | €93,390 | €83,985 | -€9,406 | -10.1% |
| Fixed assets | 21/28 | €36,494 | €27,478 | -€9,016 | -24.7% |
| Tangible fixed assets | 22/27 | €36,494 | €27,478 | -€9,016 | -24.7% |
| Plant, machinery and equipment | 23 | €1,445 | €1,095 | -€350 | -24.2% |
| Furniture and vehicles | 24 | €28,368 | €20,432 | -€7,935 | -28.0% |
| Other tangible fixed assets | 26 | €6,682 | €5,950 | -€732 | -10.9% |
| Current assets | 29/58 | €56,896 | €56,507 | -€389 | -0.7% |
| Amounts receivable within one year | 40/41 | €12,520 | €11,353 | -€1,167 | -9.3% |
| Trade receivables | 40 | €12,520 | €11,353 | -€1,167 | -9.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €42,810 | €43,146 | +€336 | +0.8% |
| Deferred charges and accrued income | 490/1 | €1,566 | €2,008 | +€441 | +28.2% |
| Total equity and liabilities | 10/49 | €93,390 | €83,985 | -€9,406 | -10.1% |
| Equity | 10/15 | €79,023 | €3,000 | -€76,023 | -96.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €76,023 | €0 | -€76,023 | -100.0% |
| Distributable reserves | 133 | €76,023 | €0 | -€76,023 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,367 | €80,985 | +€66,617 | +463.7% |
| Amounts payable within one year | 42/48 | €14,367 | €80,985 | +€66,617 | +463.7% |
| Financial debts | 43 | €55 | €75 | +€20 | +36.6% |
| Credit institutions | 430/8 | €55 | €75 | +€20 | +36.6% |
| Trade debts | 44 | €776 | €1,300 | +€524 | +67.6% |
| Suppliers | 440/4 | €776 | €1,300 | +€524 | +67.6% |
| Taxes, remuneration and social security | 45 | €13,506 | €13,071 | -€435 | -3.2% |
| Taxes | 450/3 | €13,506 | €13,071 | -€435 | -3.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30 | €66,538 | +€66,508 | +221693.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,409 | €16,450 | +€2,041 | +14.2% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €45,541 | €52,086 | +€6,546 | +14.4% |
| Operating profit (loss) | 9901 | €31,014 | €35,116 | +€4,103 | +13.2% |
| Financial income | 75/76B | €0 | €38 | +€38 | +380400.0% |
| Recurring financial income | 75 | €0 | €38 | +€38 | +380400.0% |
| Financial charges | 65/66B | €81 | €76 | -€5 | -5.6% |
| Recurring financial charges | 65 | €81 | €76 | -€5 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €30,933 | €35,078 | +€4,145 | +13.4% |
| Income taxes | 67/77 | €6,995 | €7,451 | +€455 | +6.5% |
| Profit (loss) for the period | 9904 | €23,938 | €27,627 | +€3,690 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,938 | €27,627 | +€3,690 | +15.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.