DE COCKER GEERT: 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.
What changed
DE COCKER GEERT
NACE 46.872, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.5m
2024 · €4.5m-€1.0m
Equity
€17.3m
2024 · €15.3m+€2.0m
Cash
€1.1m
2024 · €1.3m-€165,098
Balance sheet total
€28.6m
2024 · €22.8m+€5.7m
Largest movements
Assets
- Stocks and contracts +€4.6m
up €4.6m (+31.8%), from €14.3m to €18.9m
- Receivables within one year +€1.1m
up €1.1m (+19.2%), from €5.6m to €6.6m
of which Trade receivables: +€617,141
Equity and liabilities
- Trade debts +€3.1m
up €3.1m (+145%), from €2.1m to €5.3m
- Reserves +€2.0m
up €2.0m (+12.9%), from €15.3m to €17.2m
of which Tax-exempt reserves: +€999,997
- Other debts +€1.7m
up €1.7m (+259,891%), from €669 to €1.7m
- Debts after one year -€800,000
down €800,000 (-16.0%), from €5.0m to €4.2m
Income statement
- Purchases and services -€2.2m
down €2.2m (-3.6%), from €62.2m to €60.0m
- Gross operating margin -€1.4m
down €1.4m (-22.3%), from €6.5m to €5.0m
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.
Result 2024
€4.5m
Gross operating margin
-€1.4m
Staff costs
+€2,543
Depreciation
-€23,369
Write-downs
+€2,052
Other operating charges
+€13,376
Financial income
-€15,973
Financial charges
+€38,061
Taxes
+€378,289
Result 2025
€3.5m
raises the resultlowers the result
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.
From operations
+€2.5m
Investment
-€80,222
Financing
-€2.6m
Cash 2024
€1.3m
From operations (derived)
+€2.5m
Net result for the year
+€3.5m
Depreciation
+€83,091
Receivables after one year
-€244,307
Stocks and contracts
-€4.6m
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€4,296
Trade debts
+€3.1m
Tax, wage and social debts
+€27,598
Other debts
+€1.7m
Accrued charges and deferred income
-€90,887
Investment (derived)
-€80,222
Investment in fixed assets (net)
-€80,222
Financing
-€2.6m
Debts after one year
-€800,000
Short-term financial debts
-€251,868
Contributions, distributions and other
-€1.5m
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,839,287 | €28,550,620 | +€5.7m | +25.0% |
| Fixed assets | 21/28 | €214,017 | €211,148 | -€2,869 | -1.3% |
| Intangible fixed assets | 21 | €30,275 | €19,335 | -€10,940 | -36.1% |
| Tangible fixed assets | 22/27 | €182,292 | €190,363 | +€8,071 | +4.4% |
| Plant, machinery and equipment | 23 | €56,391 | €59,360 | +€2,969 | +5.3% |
| Furniture and vehicles | 24 | €6,254 | €7,023 | +€769 | +12.3% |
| Other tangible fixed assets | 26 | €119,647 | €123,980 | +€4,333 | +3.6% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €22,625,270 | €28,339,472 | +€5.7m | +25.3% |
| Amounts receivable after more than one year | 29 | €59,202 | €303,509 | +€244,307 | +413% |
| Other amounts receivable | 291 | €59,202 | €303,509 | +€244,307 | +413% |
| Stocks and contracts in progress | 3 | €14,347,920 | €18,911,436 | +€4.6m | +31.8% |
| Stocks | 30/36 | €14,347,920 | €18,911,436 | +€4.6m | +31.8% |
| Amounts receivable within one year | 40/41 | €5,553,781 | €6,620,962 | +€1.1m | +19.2% |
| Trade receivables | 40 | €5,211,659 | €5,828,800 | +€617,141 | +11.8% |
| Other amounts receivable | 41 | €342,122 | €792,162 | +€450,040 | +132% |
| Current investments | 50/53 | €1,361,105 | €1,361,105 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,293,144 | €1,128,046 | -€165,098 | -12.8% |
| Deferred charges and accrued income | 490/1 | €10,118 | €14,414 | +€4,296 | +42.5% |
| Total equity and liabilities | 10/49 | €22,839,287 | €28,550,620 | +€5.7m | +25.0% |
| Equity | 10/15 | €15,301,398 | €17,268,251 | +€2.0m | +12.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €15,282,806 | €17,249,659 | +€2.0m | +12.9% |
| Tax-exempt reserves | 132 | €477,388 | €1,477,385 | +€999,997 | +209% |
| Distributable reserves | 133 | €14,805,418 | €15,772,274 | +€966,856 | +6.5% |
| Amounts payable | 17/49 | €7,537,889 | €11,282,369 | +€3.7m | +49.7% |
| Amounts payable after more than one year | 17 | €5,000,000 | €4,200,000 | -€800,000 | -16.0% |
| Financial debts | 170/4 | €5,000,000 | €4,200,000 | -€800,000 | -16.0% |
| Amounts payable within one year | 42/48 | €2,412,679 | €7,048,046 | +€4.6m | +192% |
| Financial debts | 43 | €251,868 | - | -€251,868 | |
| Credit institutions | 430/8 | €251,868 | - | -€251,868 | |
| Trade debts | 44 | €2,147,694 | €5,268,663 | +€3.1m | +145% |
| Suppliers | 440/4 | €2,147,694 | €5,268,663 | +€3.1m | +145% |
| Taxes, remuneration and social security | 45 | €12,448 | €40,046 | +€27,598 | +222% |
| Taxes | 450/3 | - | €11,091 | +€11,091 | |
| Remuneration and social security | 454/9 | €12,448 | €28,955 | +€16,507 | +133% |
| Other amounts payable | 47/48 | €669 | €1,739,337 | +€1.7m | +259,891% |
| Accrued charges and deferred income | 492/3 | €125,210 | €34,323 | -€90,887 | -72.6% |
| Turnover | 70 | €68,695,677 | €68,872,979 | +€177,302 | +0.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €62,245,041 | €60,031,265 | -€2.2m | -3.6% |
| Remuneration, social security and pensions | 62 | €191,198 | €188,655 | -€2,543 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,722 | €83,091 | +€23,369 | +39.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,052 | - | -€2,052 | |
| Other operating charges | 640/8 | €17,880 | €4,504 | -€13,376 | -74.8% |
| Gross operating margin | 9900 | €6,456,918 | €5,015,809 | -€1.4m | -22.3% |
| Operating profit (loss) | 9901 | €6,186,066 | €4,739,559 | -€1.4m | -23.4% |
| Financial income | 75/76B | €24,985 | €9,012 | -€15,973 | -63.9% |
| Recurring financial income | 75 | €24,985 | €9,012 | -€15,973 | -63.9% |
| Financial charges | 65/66B | €172,868 | €134,807 | -€38,061 | -22.0% |
| Recurring financial charges | 65 | €172,868 | €134,807 | -€38,061 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €6,038,183 | €4,613,764 | -€1.4m | -23.6% |
| Income taxes | 67/77 | €1,525,200 | €1,146,911 | -€378,289 | -24.8% |
| Profit (loss) for the period | 9904 | €4,512,983 | €3,466,853 | -€1.0m | -23.2% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €999,997 | +€578,997 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €4,091,983 | €2,466,856 | -€1.6m | -39.7% |
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 18 October 2026 via checked.be.