De Cock Cedric: what changed
De Cock Cedric
Largest movements
- Cash +€48,951
up €48,951 (+65.2%), from €75,080 to €124,031
mainly Net result for the year (+€56,978) and Depreciation (+€41,067)
- Tangible fixed assets +€32,110
up €32,110 (+36.5%), from €87,927 to €120,037
of which Leasing and similar rights: +€35,607
- Receivables within one year +€19,108
up €19,108 (+44.4%), from €43,016 to €62,123
- Financial fixed assets +€5,000
up €5,000 (+5,000%), from €100 to €5,100
- Profit (loss) carried forward +€56,978
up €56,978 (+56.8%), from €100,337 to €157,315
- Debts after one year +€22,077
up €22,077 (+42.6%), from €51,873 to €73,950
- Current portion of long-term debt +€13,357
up €13,357 (+49.6%), from €26,918 to €40,276
- Tax, wage and social debts +€10,978
up €10,978 (+70.7%), from €15,533 to €26,510
of which Taxes: +€11,394
- Gross operating margin +€29,375
up €29,375 (+15.7%), from €186,582 to €215,957
- Staff costs +€20,209
up €20,209 (+29.4%), from €68,821 to €89,029
- Depreciation +€11,571
up €11,571 (+39.2%), from €29,496 to €41,067
- Other operating charges -€9,160
down €9,160 (-55.8%), from €16,412 to €7,252
- Taxes +€3,614
up €3,614 (+25.4%), from €14,226 to €17,840
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,113 | €312,344 | +€105,231 | +50.8% |
| Fixed assets | 21/28 | €88,027 | €125,137 | +€37,110 | +42.2% |
| Tangible fixed assets | 22/27 | €87,927 | €120,037 | +€32,110 | +36.5% |
| Plant, machinery and equipment | 23 | €4,216 | €3,473 | -€743 | -17.6% |
| Furniture and vehicles | 24 | €8,987 | €6,379 | -€2,607 | -29.0% |
| Leasing and similar rights | 25 | €73,843 | €109,450 | +€35,607 | +48.2% |
| Other tangible fixed assets | 26 | €882 | €735 | -€147 | -16.7% |
| Financial fixed assets | 28 | €100 | €5,100 | +€5,000 | +5,000% |
| Current assets | 29/58 | €119,086 | €187,207 | +€68,121 | +57.2% |
| Amounts receivable within one year | 40/41 | €43,016 | €62,123 | +€19,108 | +44.4% |
| Trade receivables | 40 | €43,016 | €62,123 | +€19,108 | +44.4% |
| Cash at bank and in hand | 54/58 | €75,080 | €124,031 | +€48,951 | +65.2% |
| Deferred charges and accrued income | 490/1 | €990 | €1,052 | +€62 | +6.3% |
| Total equity and liabilities | 10/49 | €207,113 | €312,344 | +€105,231 | +50.8% |
| Equity | 10/15 | €105,337 | €162,315 | +€56,978 | +54.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,337 | €157,315 | +€56,978 | +56.8% |
| Amounts payable | 17/49 | €101,776 | €150,029 | +€48,253 | +47.4% |
| Amounts payable after more than one year | 17 | €51,873 | €73,950 | +€22,077 | +42.6% |
| Financial debts | 170/4 | €51,873 | €73,950 | +€22,077 | +42.6% |
| Amounts payable within one year | 42/48 | €49,903 | €76,079 | +€26,176 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €26,918 | €40,276 | +€13,357 | +49.6% |
| Trade debts | 44 | €6,392 | €8,690 | +€2,298 | +35.9% |
| Suppliers | 440/4 | €6,392 | €8,690 | +€2,298 | +35.9% |
| Taxes, remuneration and social security | 45 | €15,533 | €26,510 | +€10,978 | +70.7% |
| Taxes | 450/3 | €9,120 | €20,514 | +€11,394 | +125% |
| Remuneration and social security | 454/9 | €6,413 | €5,996 | -€416 | -6.5% |
| Other amounts payable | 47/48 | €1,060 | €603 | -€457 | -43.1% |
| Remuneration, social security and pensions | 62 | €68,821 | €89,029 | +€20,209 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,496 | €41,067 | +€11,571 | +39.2% |
| Other operating charges | 640/8 | €16,412 | €7,252 | -€9,160 | -55.8% |
| Gross operating margin | 9900 | €186,582 | €215,957 | +€29,375 | +15.7% |
| Operating profit (loss) | 9901 | €71,853 | €78,610 | +€6,756 | +9.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,832 | €3,792 | +€960 | +33.9% |
| Recurring financial charges | 65 | €2,832 | €3,792 | +€960 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €69,021 | €74,818 | +€5,797 | +8.4% |
| Income taxes | 67/77 | €14,226 | €17,840 | +€3,614 | +25.4% |
| Profit (loss) for the period | 9904 | €54,795 | €56,978 | +€2,183 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,795 | €56,978 | +€2,183 | +4.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.