DE COCK PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€25,054
up €25,054 (+109%), from €23,031 to €48,086
of which Trade receivables: +€20,672
- Cash +€3,863
up €3,863 (+58.1%), from €6,649 to €10,512
mainly Net result for the year (+€31,694) and Tax, wage and social debts (+€6,545)
- Reserves +€23,055
up €23,055 (+140%), from €16,413 to €39,469
- Trade debts -€9,228
down €9,228 (-84.5%), from €10,916 to €1,688
- Profit (loss) carried forward +€8,638
up €8,638, from -€8,638 to €0
- Tax, wage and social debts +€6,545
up €6,545 (+247%), from €2,649 to €9,195
- Gross operating margin +€59,994
up €59,994, from -€17,592 to €42,402
- Taxes +€9,188
up €9,188 (+146,779%), from €6 to €9,195
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 | €32,500 | €61,511 | +€29,011 | +89.3% |
| Fixed assets | 21/28 | €900 | €900 | = | 0.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €31,600 | €60,611 | +€29,011 | +91.8% |
| Stocks and contracts in progress | 3 | €1,920 | €2,014 | +€94 | +4.9% |
| Stocks | 30/36 | €1,920 | €2,014 | +€94 | +4.9% |
| Amounts receivable within one year | 40/41 | €23,031 | €48,086 | +€25,054 | +109% |
| Trade receivables | 40 | €10,275 | €30,947 | +€20,672 | +201% |
| Other amounts receivable | 41 | €12,757 | €17,139 | +€4,383 | +34.4% |
| Cash at bank and in hand | 54/58 | €6,649 | €10,512 | +€3,863 | +58.1% |
| Total equity and liabilities | 10/49 | €32,500 | €61,511 | +€29,011 | +89.3% |
| Equity | 10/15 | €18,935 | €50,629 | +€31,694 | +167% |
| Contributions | 10/11 | €11,160 | €11,160 | = | 0.0% |
| Reserves | 13 | €16,413 | €39,469 | +€23,055 | +140% |
| Distributable reserves | 133 | €16,413 | €39,469 | +€23,055 | +140% |
| Profit (loss) carried forward | 14 | -€8,638 | €0 | +€8,638 | |
| Amounts payable | 17/49 | €13,565 | €10,882 | -€2,683 | -19.8% |
| Amounts payable within one year | 42/48 | €13,565 | €10,882 | -€2,683 | -19.8% |
| Trade debts | 44 | €10,916 | €1,688 | -€9,228 | -84.5% |
| Suppliers | 440/4 | €10,916 | €1,688 | -€9,228 | -84.5% |
| Taxes, remuneration and social security | 45 | €2,649 | €9,195 | +€6,545 | +247% |
| Taxes | 450/3 | €2,649 | €9,195 | +€6,545 | +247% |
| Other operating charges | 640/8 | €940 | €1,262 | +€322 | +34.3% |
| Gross operating margin | 9900 | -€17,592 | €42,402 | +€59,994 | |
| Operating profit (loss) | 9901 | -€18,532 | €41,140 | +€59,671 | |
| Financial income | 75/76B | €19 | €0 | -€19 | -100% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -100% |
| Financial charges | 65/66B | €254 | €252 | -€2 | -1.0% |
| Recurring financial charges | 65 | €254 | €252 | -€2 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,766 | €40,888 | +€59,655 | |
| Income taxes | 67/77 | €6 | €9,195 | +€9,188 | +146,779% |
| Profit (loss) for the period | 9904 | -€18,773 | €31,694 | +€50,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,773 | €31,694 | +€50,466 |
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 14 October 2026 via checked.be.