DE COCK: 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.
DE COCK
Largest movements
- Receivables within one year +€49,380
up €49,380 (+297%), from €16,633 to €66,013
of which Other amounts receivable: +€46,355
- Current investments -€45,770
down €45,770 (-8.6%), from €533,334 to €487,564
- Tangible fixed assets -€17,805
down €17,805 (-29.0%), from €61,476 to €43,671
- Debts after one year -€12,224
down €12,224 (-38.8%), from €31,509 to €19,285
- Financial charges +€33,302
up €33,302, from -€29,837 to €3,465
- Gross operating margin +€12,042
up €12,042, from -€1,907 to €10,134
- Other operating charges -€1,894
down €1,894 (-42.7%), from €4,432 to €2,537
- Taxes -€1,701
down €1,701 (-53.4%), from €3,185 to €1,484
- Financial income -€459
down €459 (-3.7%), from €12,560 to €12,101
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 | €641,583 | €624,737 | -€16,846 | -2.6% |
| Fixed assets | 21/28 | €61,476 | €43,671 | -€17,805 | -29.0% |
| Tangible fixed assets | 22/27 | €61,476 | €43,671 | -€17,805 | -29.0% |
| Furniture and vehicles | 24 | €61,476 | €43,671 | -€17,805 | -29.0% |
| Current assets | 29/58 | €580,107 | €581,066 | +€959 | +0.2% |
| Amounts receivable within one year | 40/41 | €16,633 | €66,013 | +€49,380 | +297% |
| Trade receivables | 40 | €6,050 | €9,075 | +€3,025 | +50.0% |
| Other amounts receivable | 41 | €10,583 | €56,938 | +€46,355 | +438% |
| Current investments | 50/53 | €533,334 | €487,564 | -€45,770 | -8.6% |
| Cash at bank and in hand | 54/58 | €29,972 | €27,368 | -€2,603 | -8.7% |
| Deferred charges and accrued income | 490/1 | €168 | €120 | -€48 | -28.6% |
| Total equity and liabilities | 10/49 | €641,583 | €624,737 | -€16,846 | -2.6% |
| Equity | 10/15 | €482,089 | €479,033 | -€3,056 | -0.6% |
| Contributions | 10/11 | €58,750 | €58,750 | = | 0.0% |
| Reserves | 13 | €423,339 | €423,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €423,339 | €423,339 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,056 | -€3,056 | |
| Amounts payable | 17/49 | €159,494 | €145,704 | -€13,790 | -8.6% |
| Amounts payable after more than one year | 17 | €31,509 | €19,285 | -€12,224 | -38.8% |
| Financial debts | 170/4 | €31,509 | €19,285 | -€12,224 | -38.8% |
| Amounts payable within one year | 42/48 | €127,985 | €121,561 | -€6,424 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €15,140 | €13,079 | -€2,062 | -13.6% |
| Trade debts | 44 | €1,726 | €1,502 | -€224 | -13.0% |
| Suppliers | 440/4 | €1,726 | €1,502 | -€224 | -13.0% |
| Taxes, remuneration and social security | 45 | €6,575 | €1,341 | -€5,233 | -79.6% |
| Taxes | 450/3 | €6,575 | €1,341 | -€5,233 | -79.6% |
| Other amounts payable | 47/48 | €104,544 | €105,639 | +€1,095 | +1.0% |
| Accrued charges and deferred income | 492/3 | €0 | €4,858 | +€4,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,805 | €17,805 | = | 0.0% |
| Other operating charges | 640/8 | €4,432 | €2,537 | -€1,894 | -42.7% |
| Gross operating margin | 9900 | -€1,907 | €10,134 | +€12,042 | |
| Operating profit (loss) | 9901 | -€24,144 | -€10,208 | +€13,936 | +57.7% |
| Financial income | 75/76B | €12,560 | €12,101 | -€459 | -3.7% |
| Recurring financial income | 75 | €12,560 | €12,101 | -€459 | -3.7% |
| Financial charges | 65/66B | -€29,837 | €3,465 | +€33,302 | |
| Recurring financial charges | 65 | -€29,837 | €3,465 | +€33,302 | |
| Profit (loss) for the period before taxes | 9903 | €18,253 | -€1,572 | -€19,825 | |
| Income taxes | 67/77 | €3,185 | €1,484 | -€1,701 | -53.4% |
| Profit (loss) for the period | 9904 | €15,068 | -€3,056 | -€18,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,068 | -€3,056 | -€18,124 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.