Code Coaching: 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.
Code Coaching
Largest movements
- Cash +€225,248
up €225,248 (+2,037%), from €11,060 to €236,308
mainly Current investments (+€200,000) and Net result for the year (+€21,892)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Reserves +€21,892
up €21,892 (+10.7%), from €203,887 to €225,778
- Gross operating margin -€30,462
down €30,462 (-53.7%), from €56,724 to €26,262
- Taxes -€5,849
down €5,849 (-51.0%), from €11,476 to €5,627
- Financial income +€1,622
up €1,622 (+126%), from €1,289 to €2,911
- Depreciation -€660
down €660 (-37.5%), from €1,761 to €1,102
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.
Derived cash bridge
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 | €220,031 | €241,728 | +€21,697 | +9.9% |
| Fixed assets | 21/28 | €1,413 | €311 | -€1,102 | -78.0% |
| Tangible fixed assets | 22/27 | €1,413 | €311 | -€1,102 | -78.0% |
| Furniture and vehicles | 24 | €1,413 | €311 | -€1,102 | -78.0% |
| Current assets | 29/58 | €218,619 | €241,417 | +€22,798 | +10.4% |
| Amounts receivable within one year | 40/41 | €6,657 | €5,109 | -€1,548 | -23.3% |
| Trade receivables | 40 | €6,649 | €3,863 | -€2,786 | -41.9% |
| Other amounts receivable | 41 | €8 | €1,246 | +€1,238 | +15,937% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €11,060 | €236,308 | +€225,248 | +2,037% |
| Deferred charges and accrued income | 490/1 | €902 | - | -€902 | |
| Total equity and liabilities | 10/49 | €220,031 | €241,728 | +€21,697 | +9.9% |
| Equity | 10/15 | €205,887 | €227,778 | +€21,892 | +10.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €203,887 | €225,778 | +€21,892 | +10.7% |
| Distributable reserves | 133 | €203,887 | €225,778 | +€21,892 | +10.7% |
| Amounts payable | 17/49 | €14,145 | €13,949 | -€195 | -1.4% |
| Amounts payable within one year | 42/48 | €13,753 | €13,949 | +€196 | +1.4% |
| Taxes, remuneration and social security | 45 | €13,356 | €13,552 | +€196 | +1.5% |
| Taxes | 450/3 | €13,356 | €13,552 | +€196 | +1.5% |
| Other amounts payable | 47/48 | €398 | €398 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €391 | - | -€391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,761 | €1,102 | -€660 | -37.5% |
| Other operating charges | 640/8 | €453 | €462 | +€9 | +1.9% |
| Gross operating margin | 9900 | €56,724 | €26,262 | -€30,462 | -53.7% |
| Operating profit (loss) | 9901 | €54,510 | €24,699 | -€29,811 | -54.7% |
| Financial income | 75/76B | €1,289 | €2,911 | +€1,622 | +126% |
| Recurring financial income | 75 | €1,289 | €2,911 | +€1,622 | +126% |
| Financial charges | 65/66B | €162 | €91 | -€71 | -43.8% |
| Recurring financial charges | 65 | €162 | €91 | -€71 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €55,637 | €27,519 | -€28,118 | -50.5% |
| Income taxes | 67/77 | €11,476 | €5,627 | -€5,849 | -51.0% |
| Profit (loss) for the period | 9904 | €44,161 | €21,892 | -€22,269 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,161 | €21,892 | -€22,269 | -50.4% |
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 13 October 2026 via checked.be.