Coder Management: 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.
Coder Management
Largest movements
- Financial fixed assets +€419,775
up €419,775 (+84123.2%), from €499 to €420,274
- Receivables within one year -€20,358
down €20,358 (-28.1%), from €72,533 to €52,175
of which Trade receivables: -€10,599
- Debts after one year +€393,952
new in 2025: €393,952
of which Other amounts payable: +€260,000
- Other debts -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Current portion of long-term debt +€23,665
up €23,665 (+2366.5%), from €1,000 to €24,665
- Profit (loss) carried forward -€15,288
down €15,288 (-94.4%), from -€16,190 to -€31,478
- Accrued charges and deferred income +€8,338
up €8,338 (+872.1%), from €956 to €9,294
- Gross operating margin -€56,296
down €56,296 (-94.9%), from €59,313 to €3,017
- Financial charges +€16,554
up €16,554 (+1701.6%), from €973 to €17,526
- Taxes -€11,784
down €11,784 (-100.0%), from €11,784 to €0
- Other operating charges -€8,711
down €8,711 (-83.7%), from €10,410 to €1,698
- Financial income +€604
up €604 (+50.4%), from €1,199 to €1,803
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 | €77,702 | €475,869 | +€398,167 | +512.4% |
| Fixed assets | 21/28 | €3,242 | €422,133 | +€418,891 | +12922.5% |
| Tangible fixed assets | 22/27 | €2,743 | €1,859 | -€884 | -32.2% |
| Furniture and vehicles | 24 | €2,686 | €1,859 | -€827 | -30.8% |
| Other tangible fixed assets | 26 | €56 | €0 | -€56 | -100.0% |
| Financial fixed assets | 28 | €499 | €420,274 | +€419,775 | +84123.2% |
| Current assets | 29/58 | €74,460 | €53,736 | -€20,724 | -27.8% |
| Amounts receivable within one year | 40/41 | €72,533 | €52,175 | -€20,358 | -28.1% |
| Trade receivables | 40 | €19,295 | €8,696 | -€10,599 | -54.9% |
| Other amounts receivable | 41 | €53,238 | €43,479 | -€9,759 | -18.3% |
| Cash at bank and in hand | 54/58 | €814 | €1,561 | +€747 | +91.8% |
| Deferred charges and accrued income | 490/1 | €1,113 | €0 | -€1,113 | -100.0% |
| Total equity and liabilities | 10/49 | €77,702 | €475,869 | +€398,167 | +512.4% |
| Equity | 10/15 | €2,410 | -€12,878 | -€15,288 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,190 | -€31,478 | -€15,288 | -94.4% |
| Amounts payable | 17/49 | €75,291 | €488,747 | +€413,455 | +549.1% |
| Amounts payable after more than one year | 17 | - | €393,952 | +€393,952 | |
| Financial debts | 170/4 | - | €133,952 | +€133,952 | |
| Other amounts payable | 178/9 | - | €260,000 | +€260,000 | |
| Amounts payable within one year | 42/48 | €74,335 | €85,501 | +€11,166 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €1,000 | €24,665 | +€23,665 | +2366.5% |
| Financial debts | 43 | - | €4,626 | +€4,626 | |
| Credit institutions | 430/8 | - | €1,947 | +€1,947 | |
| Other loans | 439 | - | €2,679 | +€2,679 | |
| Trade debts | 44 | €25,586 | €30,763 | +€5,177 | +20.2% |
| Suppliers | 440/4 | €25,586 | €30,763 | +€5,177 | +20.2% |
| Taxes, remuneration and social security | 45 | €22,749 | €25,447 | +€2,698 | +11.9% |
| Taxes | 450/3 | €22,749 | €25,447 | +€2,698 | +11.9% |
| Other amounts payable | 47/48 | €25,000 | €0 | -€25,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €956 | €9,294 | +€8,338 | +872.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,052 | €827 | -€225 | -21.4% |
| Other operating charges | 640/8 | €10,410 | €1,698 | -€8,711 | -83.7% |
| Non-recurring operating charges | 66A | €0 | €56 | +€56 | |
| Gross operating margin | 9900 | €59,313 | €3,017 | -€56,296 | -94.9% |
| Operating profit (loss) | 9901 | €47,851 | €435 | -€47,416 | -99.1% |
| Financial income | 75/76B | €1,199 | €1,803 | +€604 | +50.4% |
| Recurring financial income | 75 | €1,199 | €1,803 | +€604 | +50.4% |
| Financial charges | 65/66B | €973 | €17,526 | +€16,554 | +1701.6% |
| Recurring financial charges | 65 | €973 | €17,526 | +€16,554 | +1701.6% |
| Profit (loss) for the period before taxes | 9903 | €48,077 | -€15,288 | -€63,365 | |
| Income taxes | 67/77 | €11,784 | €0 | -€11,784 | -100.0% |
| Profit (loss) for the period | 9904 | €36,293 | -€15,288 | -€51,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,293 | -€15,288 | -€51,581 |
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 30 September 2026 via checked.be.