DE COCK PASCAL: 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 PASCAL
Largest movements
- Deferred charges and accrued income -€11,246
down €11,246 (-93.3%), from €12,051 to €806
- Receivables within one year -€8,845
down €8,845 (-10.6%), from €83,494 to €74,649
of which Trade receivables: -€18,980
- Profit (loss) carried forward -€28,659
down €28,659 (-419%), from -€6,837 to -€35,496
- Short-term financial debts +€10,933
up €10,933 (+702%), from €1,558 to €12,491
- Gross operating margin -€44,145
down €44,145, from €29,132 to -€15,013
- Financial charges -€3,132
down €3,132 (-43.1%), from €7,267 to €4,135
of which Non-recurring financial charges: -€2,644
- Depreciation +€2,294
up €2,294 (+42.4%), from €5,411 to €7,705
- Taxes -€978
down €978 (-59.9%), from €1,634 to €656
- Other operating charges +€563
up €563 (+29.2%), from €1,929 to €2,492
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 | €198,096 | €180,135 | -€17,961 | -9.1% |
| Fixed assets | 21/28 | €102,550 | €104,022 | +€1,472 | +1.4% |
| Tangible fixed assets | 22/27 | €102,550 | €104,022 | +€1,472 | +1.4% |
| Land and buildings | 22 | €97,344 | €93,579 | -€3,766 | -3.9% |
| Plant, machinery and equipment | 23 | €5,206 | €3,560 | -€1,645 | -31.6% |
| Furniture and vehicles | 24 | - | €6,883 | +€6,883 | |
| Current assets | 29/58 | €95,545 | €76,113 | -€19,432 | -20.3% |
| Stocks and contracts in progress | 3 | - | €658 | +€658 | |
| Contracts in progress | 37 | - | €658 | +€658 | |
| Amounts receivable within one year | 40/41 | €83,494 | €74,649 | -€8,845 | -10.6% |
| Trade receivables | 40 | €47,872 | €28,892 | -€18,980 | -39.6% |
| Other amounts receivable | 41 | €35,622 | €45,757 | +€10,135 | +28.5% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €12,051 | €806 | -€11,246 | -93.3% |
| Total equity and liabilities | 10/49 | €198,096 | €180,135 | -€17,961 | -9.1% |
| Equity | 10/15 | €55,684 | €27,025 | -€28,659 | -51.5% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €53,221 | €53,221 | = | 0.0% |
| Distributable reserves | 133 | €53,221 | €53,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,837 | -€35,496 | -€28,659 | -419% |
| Amounts payable | 17/49 | €142,411 | €153,110 | +€10,699 | +7.5% |
| Amounts payable after more than one year | 17 | €92,476 | €93,339 | +€863 | +0.9% |
| Financial debts | 170/4 | €92,476 | €93,339 | +€863 | +0.9% |
| Amounts payable within one year | 42/48 | €49,595 | €59,239 | +€9,644 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €12,362 | €14,090 | +€1,728 | +14.0% |
| Financial debts | 43 | €1,558 | €12,491 | +€10,933 | +702% |
| Credit institutions | 430/8 | €1,558 | €12,491 | +€10,933 | +702% |
| Trade debts | 44 | €33,902 | €32,176 | -€1,726 | -5.1% |
| Suppliers | 440/4 | €33,902 | €32,176 | -€1,726 | -5.1% |
| Taxes, remuneration and social security | 45 | €1,773 | €482 | -€1,291 | -72.8% |
| Taxes | 450/3 | €1,773 | €482 | -€1,291 | -72.8% |
| Accrued charges and deferred income | 492/3 | €340 | €532 | +€192 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,411 | €7,705 | +€2,294 | +42.4% |
| Other operating charges | 640/8 | €1,929 | €2,492 | +€563 | +29.2% |
| Non-recurring operating charges | 66A | €63 | €121 | +€58 | +92.4% |
| Gross operating margin | 9900 | €29,132 | -€15,013 | -€44,145 | |
| Operating profit (loss) | 9901 | €21,729 | -€25,332 | -€47,061 | |
| Financial income | 75/76B | €1,389 | €1,463 | +€75 | +5.4% |
| Recurring financial income | 75 | €1,389 | €1,463 | +€75 | +5.4% |
| Financial charges | 65/66B | €7,267 | €4,135 | -€3,132 | -43.1% |
| Recurring financial charges | 65 | €4,623 | €4,135 | -€488 | -10.6% |
| Non-recurring financial charges | 66B | €2,644 | - | -€2,644 | |
| Profit (loss) for the period before taxes | 9903 | €15,851 | -€28,003 | -€43,854 | |
| Income taxes | 67/77 | €1,634 | €656 | -€978 | -59.9% |
| Profit (loss) for the period | 9904 | €14,217 | -€28,659 | -€42,876 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,217 | -€28,659 | -€42,876 |
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 14 October 2026 via checked.be.