Codersclub: 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.
Codersclub
Largest movements
- Tangible fixed assets +€64,386
up €64,386 (+33,402%), from €193 to €64,579
of which Furniture and vehicles: +€61,429
- Cash -€5,192
down €5,192 (-7.1%), from €73,542 to €68,350
mainly Investment in fixed assets (net) (-€78,240) and Deferred charges and accrued income (-€3,281)
- Deferred charges and accrued income +€3,281
up €3,281 (+435%), from €755 to €4,036
- Receivables within one year -€2,756
down €2,756 (-11.9%), from €23,135 to €20,379
of which Other amounts receivable: -€1,842
- Debts after one year +€22,083
new in 2025: €22,083
- Reserves +€21,177
up €21,177 (+21.2%), from €99,742 to €120,919
- Current portion of long-term debt +€10,031
new in 2025: €10,031
- Tax, wage and social debts +€6,066
up €6,066 (+57.6%), from €10,538 to €16,604
of which Taxes: +€6,066
- Depreciation +€13,469
up €13,469 (+3,495%), from €385 to €13,854
- Gross operating margin -€8,117
down €8,117 (-15.9%), from €51,094 to €42,977
- Taxes -€4,083
down €4,083 (-37.8%), from €10,803 to €6,720
- Staff costs +€693
new in 2025: €693
- Financial charges +€682
up €682 (+107%), from €639 to €1,321
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 | €112,624 | €172,344 | +€59,719 | +53.0% |
| Fixed assets | 21/28 | €193 | €64,579 | +€64,386 | +33,402% |
| Tangible fixed assets | 22/27 | €193 | €64,579 | +€64,386 | +33,402% |
| Plant, machinery and equipment | 23 | €193 | €3,150 | +€2,958 | +1,534% |
| Furniture and vehicles | 24 | - | €61,429 | +€61,429 | |
| Current assets | 29/58 | €112,432 | €107,765 | -€4,667 | -4.2% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,135 | €20,379 | -€2,756 | -11.9% |
| Trade receivables | 40 | €15,555 | €14,641 | -€914 | -5.9% |
| Other amounts receivable | 41 | €7,579 | €5,738 | -€1,842 | -24.3% |
| Cash at bank and in hand | 54/58 | €73,542 | €68,350 | -€5,192 | -7.1% |
| Deferred charges and accrued income | 490/1 | €755 | €4,036 | +€3,281 | +435% |
| Total equity and liabilities | 10/49 | €112,624 | €172,344 | +€59,719 | +53.0% |
| Equity | 10/15 | €101,242 | €122,419 | +€21,177 | +20.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €99,742 | €120,919 | +€21,177 | +21.2% |
| Distributable reserves | 133 | €99,742 | €120,919 | +€21,177 | +21.2% |
| Amounts payable | 17/49 | €11,382 | €49,925 | +€38,543 | +339% |
| Amounts payable after more than one year | 17 | - | €22,083 | +€22,083 | |
| Financial debts | 170/4 | - | €22,083 | +€22,083 | |
| Amounts payable within one year | 42/48 | €11,382 | €27,842 | +€16,460 | +145% |
| Current portion of amounts payable after more than one year | 42 | - | €10,031 | +€10,031 | |
| Financial debts | 43 | - | €109 | +€109 | |
| Credit institutions | 430/8 | - | €109 | +€109 | |
| Trade debts | 44 | €844 | €1,099 | +€254 | +30.1% |
| Suppliers | 440/4 | €844 | €1,099 | +€254 | +30.1% |
| Taxes, remuneration and social security | 45 | €10,538 | €16,604 | +€6,066 | +57.6% |
| Taxes | 450/3 | €10,538 | €16,604 | +€6,066 | +57.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €693 | +€693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €13,854 | +€13,469 | +3,495% |
| Other operating charges | 640/8 | €182 | €400 | +€218 | +120% |
| Gross operating margin | 9900 | €51,094 | €42,977 | -€8,117 | -15.9% |
| Operating profit (loss) | 9901 | €50,527 | €28,030 | -€22,496 | -44.5% |
| Financial income | 75/76B | €1,339 | €1,188 | -€151 | -11.3% |
| Recurring financial income | 75 | €1,339 | €1,188 | -€151 | -11.3% |
| Financial charges | 65/66B | €639 | €1,321 | +€682 | +107% |
| Recurring financial charges | 65 | €639 | €1,321 | +€682 | +107% |
| Profit (loss) for the period before taxes | 9903 | €51,227 | €27,897 | -€23,330 | -45.5% |
| Income taxes | 67/77 | €10,803 | €6,720 | -€4,083 | -37.8% |
| Profit (loss) for the period | 9904 | €40,424 | €21,177 | -€19,247 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,424 | €21,177 | -€19,247 | -47.6% |
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.