Bernard Coucke: 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.
Bernard Coucke
Largest movements
- Cash -€204,641
down €204,641 (-70.8%), from €288,944 to €84,303
mainly Contributions, distributions and other (-€512,029) and Receivables within one year (-€71,826)
- Receivables within one year +€71,826
up €71,826 (+90.0%), from €79,815 to €151,640
of which Trade receivables: +€70,245
- Tangible fixed assets -€28,853
down €28,853 (-35.1%), from €82,088 to €53,235
of which Furniture and vehicles: -€28,971
- Profit (loss) carried forward -€271,818
down €271,818 (-66.8%), from €406,923 to €135,105
- Other debts +€112,229
up €112,229 (+951%), from €11,805 to €124,034
- Tax, wage and social debts +€6,315
up €6,315 (+30.4%), from €20,804 to €27,119
- Accrued charges and deferred income -€5,954
down €5,954 (-86.7%), from €6,869 to €915
- Gross operating margin -€59,715
down €59,715 (-14.3%), from €417,381 to €357,666
- Taxes -€16,636
down €16,636 (-17.9%), from €92,854 to €76,218
- Other operating charges +€7,849
up €7,849 (+1,360%), from €577 to €8,427
- Financial charges -€5,255
down €5,255 (-80.6%), from €6,517 to €1,262
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 | €453,095 | €293,835 | -€159,260 | -35.1% |
| Formation expenses | 20 | €922 | €182 | -€740 | -80.2% |
| Fixed assets | 21/28 | €82,088 | €53,235 | -€28,853 | -35.1% |
| Tangible fixed assets | 22/27 | €82,088 | €53,235 | -€28,853 | -35.1% |
| Plant, machinery and equipment | 23 | €7,470 | €7,588 | +€118 | +1.6% |
| Furniture and vehicles | 24 | €74,618 | €45,647 | -€28,971 | -38.8% |
| Current assets | 29/58 | €370,085 | €240,418 | -€129,667 | -35.0% |
| Amounts receivable within one year | 40/41 | €79,815 | €151,640 | +€71,826 | +90.0% |
| Trade receivables | 40 | €79,441 | €149,686 | +€70,245 | +88.4% |
| Other amounts receivable | 41 | €374 | €1,955 | +€1,581 | +423% |
| Cash at bank and in hand | 54/58 | €288,944 | €84,303 | -€204,641 | -70.8% |
| Deferred charges and accrued income | 490/1 | €1,326 | €4,474 | +€3,148 | +237% |
| Total equity and liabilities | 10/49 | €453,095 | €293,835 | -€159,260 | -35.1% |
| Equity | 10/15 | €411,923 | €140,105 | -€271,818 | -66.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €406,923 | €135,105 | -€271,818 | -66.8% |
| Amounts payable | 17/49 | €41,172 | €153,730 | +€112,558 | +273% |
| Amounts payable within one year | 42/48 | €34,303 | €152,815 | +€118,512 | +345% |
| Trade debts | 44 | €1,694 | €1,662 | -€32 | -1.9% |
| Suppliers | 440/4 | €1,694 | €1,662 | -€32 | -1.9% |
| Taxes, remuneration and social security | 45 | €20,804 | €27,119 | +€6,315 | +30.4% |
| Taxes | 450/3 | €20,804 | €27,119 | +€6,315 | +30.4% |
| Other amounts payable | 47/48 | €11,805 | €124,034 | +€112,229 | +951% |
| Accrued charges and deferred income | 492/3 | €6,869 | €915 | -€5,954 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,976 | €31,548 | -€1,428 | -4.3% |
| Other operating charges | 640/8 | €577 | €8,427 | +€7,849 | +1,360% |
| Gross operating margin | 9900 | €417,381 | €357,666 | -€59,715 | -14.3% |
| Operating profit (loss) | 9901 | €383,828 | €317,691 | -€66,137 | -17.2% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.8% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.8% |
| Financial charges | 65/66B | €6,517 | €1,262 | -€5,255 | -80.6% |
| Recurring financial charges | 65 | €6,517 | €1,262 | -€5,255 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | €377,315 | €316,429 | -€60,886 | -16.1% |
| Income taxes | 67/77 | €92,854 | €76,218 | -€16,636 | -17.9% |
| Profit (loss) for the period | 9904 | €284,461 | €240,211 | -€44,250 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €284,461 | €240,211 | -€44,250 | -15.6% |
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 27 October 2026 via checked.be.