DE CANCK: 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.
DE CANCK
Largest movements
- Tangible fixed assets -€17,432
down €17,432 (-4.7%), from €369,176 to €351,743
of which Land and buildings: -€13,681
- Cash -€8,505
down €8,505 (-41.6%), from €20,445 to €11,940
mainly Current portion of long-term debt (-€22,237) and Net result for the year (-€5,326)
- Current portion of long-term debt -€22,237
no longer reported in 2025 (was €22,237)
- Profit (loss) carried forward -€5,326
down €5,326 (-7.8%), from -€68,479 to -€73,805
- Tax, wage and social debts -€4,893
down €4,893 (-71.8%), from €6,816 to €1,923
- Gross operating margin +€13,487
up €13,487 (+281.4%), from €4,793 to €18,280
- Depreciation -€3,669
down €3,669 (-17.4%), from €21,101 to €17,432
- Other operating charges -€1,383
down €1,383 (-19.5%), from €7,085 to €5,701
- Financial charges -€1,082
down €1,082 (-66.8%), from €1,619 to €537
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 | €396,468 | €366,501 | -€29,966 | -7.6% |
| Fixed assets | 21/28 | €369,225 | €351,793 | -€17,432 | -4.7% |
| Tangible fixed assets | 22/27 | €369,176 | €351,743 | -€17,432 | -4.7% |
| Land and buildings | 22 | €360,673 | €346,992 | -€13,681 | -3.8% |
| Plant, machinery and equipment | 23 | €879 | €694 | -€185 | -21.1% |
| Furniture and vehicles | 24 | €702 | €197 | -€505 | -71.9% |
| Other tangible fixed assets | 26 | €6,921 | €3,861 | -€3,061 | -44.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €27,243 | €14,709 | -€12,534 | -46.0% |
| Amounts receivable within one year | 40/41 | €3,252 | €137 | -€3,114 | -95.8% |
| Trade receivables | 40 | €604 | €127 | -€476 | -78.9% |
| Other amounts receivable | 41 | €2,648 | €10 | -€2,638 | -99.6% |
| Cash at bank and in hand | 54/58 | €20,445 | €11,940 | -€8,505 | -41.6% |
| Deferred charges and accrued income | 490/1 | €3,545 | €2,631 | -€914 | -25.8% |
| Total equity and liabilities | 10/49 | €396,468 | €366,501 | -€29,966 | -7.6% |
| Equity | 10/15 | €324,788 | €319,462 | -€5,326 | -1.6% |
| Contributions | 10/11 | €345,987 | €345,987 | = | 0.0% |
| Reserves | 13 | €47,280 | €47,280 | = | 0.0% |
| Distributable reserves | 133 | €47,280 | €47,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,479 | -€73,805 | -€5,326 | -7.8% |
| Amounts payable | 17/49 | €71,680 | €47,039 | -€24,641 | -34.4% |
| Amounts payable within one year | 42/48 | €67,575 | €42,791 | -€24,784 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €22,237 | - | -€22,237 | |
| Trade debts | 44 | €725 | €2,535 | +€1,811 | +249.7% |
| Suppliers | 440/4 | €725 | €2,535 | +€1,811 | +249.7% |
| Taxes, remuneration and social security | 45 | €6,816 | €1,923 | -€4,893 | -71.8% |
| Taxes | 450/3 | €6,816 | €1,923 | -€4,893 | -71.8% |
| Other amounts payable | 47/48 | €37,797 | €38,332 | +€535 | +1.4% |
| Accrued charges and deferred income | 492/3 | €4,105 | €4,248 | +€143 | +3.5% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,101 | €17,432 | -€3,669 | -17.4% |
| Other operating charges | 640/8 | €7,085 | €5,701 | -€1,383 | -19.5% |
| Gross operating margin | 9900 | €4,793 | €18,280 | +€13,487 | +281.4% |
| Operating profit (loss) | 9901 | -€23,393 | -€4,854 | +€18,539 | +79.3% |
| Financial income | 75/76B | €40 | €65 | +€25 | +62.4% |
| Recurring financial income | 75 | €40 | €65 | +€25 | +62.4% |
| Financial charges | 65/66B | €1,619 | €537 | -€1,082 | -66.8% |
| Recurring financial charges | 65 | €1,619 | €537 | -€1,082 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,972 | -€5,326 | +€19,646 | +78.7% |
| Profit (loss) for the period | 9904 | -€24,972 | -€5,326 | +€19,646 | +78.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,972 | -€5,326 | +€19,646 | +78.7% |
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 3 October 2026 via checked.be.