DE COCK SERVICES: what changed
DE COCK SERVICES
Largest movements
- Current investments +€202,195
up €202,195 (+78.8%), from €256,666 to €458,861
- Cash -€62,255
down €62,255 (-19.5%), from €318,831 to €256,576
mainly Current investments (-€202,195) and Investment in fixed assets (net) (-€34,885)
- Receivables within one year +€23,701
up €23,701 (+47.3%), from €50,145 to €73,846
of which Trade receivables: +€17,206
- Tangible fixed assets -€11,470
down €11,470 (-7.6%), from €151,522 to €140,052
of which Plant, machinery and equipment: -€34,364
- Reserves +€141,507
up €141,507 (+26.4%), from €536,464 to €677,971
- Other debts +€12,758
up €12,758 (+10.9%), from €117,554 to €130,312
- Current portion of long-term debt +€10,080
up €10,080 (+100%), from €10,080 to €20,160
- Gross operating margin +€71,466
up €71,466 (+44.0%), from €162,424 to €233,890
- Taxes +€11,483
up €11,483 (+38.7%), from €29,679 to €41,162
- Depreciation +€4,157
up €4,157 (+9.9%), from €42,198 to €46,355
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 | €786,063 | €940,429 | +€154,366 | +19.6% |
| Fixed assets | 21/28 | €151,522 | €140,052 | -€11,470 | -7.6% |
| Tangible fixed assets | 22/27 | €151,522 | €140,052 | -€11,470 | -7.6% |
| Land and buildings | 22 | €80,689 | €72,196 | -€8,494 | -10.5% |
| Plant, machinery and equipment | 23 | €67,037 | €32,674 | -€34,364 | -51.3% |
| Furniture and vehicles | 24 | €3,795 | €35,183 | +€31,388 | +827% |
| Current assets | 29/58 | €634,542 | €800,377 | +€165,835 | +26.1% |
| Stocks and contracts in progress | 3 | €8,900 | €6,950 | -€1,950 | -21.9% |
| Stocks | 30/36 | €8,900 | €6,950 | -€1,950 | -21.9% |
| Amounts receivable within one year | 40/41 | €50,145 | €73,846 | +€23,701 | +47.3% |
| Trade receivables | 40 | €29,056 | €46,262 | +€17,206 | +59.2% |
| Other amounts receivable | 41 | €21,089 | €27,584 | +€6,495 | +30.8% |
| Current investments | 50/53 | €256,666 | €458,861 | +€202,195 | +78.8% |
| Cash at bank and in hand | 54/58 | €318,831 | €256,576 | -€62,255 | -19.5% |
| Deferred charges and accrued income | 490/1 | €0 | €4,144 | +€4,144 | |
| Total equity and liabilities | 10/49 | €786,063 | €940,429 | +€154,366 | +19.6% |
| Equity | 10/15 | €548,864 | €690,371 | +€141,507 | +25.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €536,464 | €677,971 | +€141,507 | +26.4% |
| Distributable reserves | 133 | €536,464 | €677,971 | +€141,507 | +26.4% |
| Amounts payable | 17/49 | €237,199 | €250,057 | +€12,858 | +5.4% |
| Amounts payable after more than one year | 17 | €78,089 | €69,483 | -€8,606 | -11.0% |
| Financial debts | 170/4 | €78,089 | €69,483 | -€8,606 | -11.0% |
| Amounts payable within one year | 42/48 | €159,110 | €180,574 | +€21,464 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €10,080 | €20,160 | +€10,080 | +100% |
| Trade debts | 44 | €28,776 | €25,987 | -€2,789 | -9.7% |
| Suppliers | 440/4 | €28,776 | €25,987 | -€2,789 | -9.7% |
| Taxes, remuneration and social security | 45 | €2,701 | €4,115 | +€1,414 | +52.4% |
| Taxes | 450/3 | €2,701 | €4,115 | +€1,414 | +52.4% |
| Other amounts payable | 47/48 | €117,554 | €130,312 | +€12,758 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,198 | €46,355 | +€4,157 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,301 | €2,554 | +€252 | +11.0% |
| Gross operating margin | 9900 | €162,424 | €233,890 | +€71,466 | +44.0% |
| Operating profit (loss) | 9901 | €117,925 | €184,982 | +€67,057 | +56.9% |
| Financial income | 75/76B | €8,162 | €7,316 | -€846 | -10.4% |
| Recurring financial income | 75 | €8,162 | €7,316 | -€846 | -10.4% |
| Financial charges | 65/66B | €10,689 | €9,628 | -€1,061 | -9.9% |
| Recurring financial charges | 65 | €10,689 | €9,628 | -€1,061 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €115,397 | €182,669 | +€67,272 | +58.3% |
| Income taxes | 67/77 | €29,679 | €41,162 | +€11,483 | +38.7% |
| Profit (loss) for the period | 9904 | €85,718 | €141,507 | +€55,789 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,718 | €141,507 | +€55,789 | +65.1% |
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 3 November 2026 via checked.be.