De Cockpit: 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 Cockpit
Largest movements
- Deferred charges and accrued income -€4,078
down €4,078 (-96.7%), from €4,218 to €140
- Profit (loss) carried forward +€40,170
up €40,170, from -€40,170 to €0
- Reserves -€31,988
down €31,988 (-19.1%), from €167,200 to €135,211
of which Distributable reserves: -€30,128
- Other debts -€16,389
down €16,389 (-20.7%), from €79,014 to €62,625
- Tax, wage and social debts +€8,509
up €8,509 (+11,147%), from €76 to €8,585
- Trade debts -€5,862
down €5,862 (-62.0%), from €9,451 to €3,589
- Financial income -€69,281
down €69,281 (-99.9%), from €69,370 to €89
of which Non-recurring financial income: -€69,070
- Gross operating margin +€10,753
up €10,753 (+81.0%), from €13,278 to €24,030
- Taxes +€6,576
up €6,576, from -€6,195 to €381
- Financial charges +€6,364
up €6,364 (+1,015%), from €627 to €6,991
- Other operating charges +€1,007
up €1,007 (+128%), from €788 to €1,796
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 | €235,273 | €232,128 | -€3,145 | -1.3% |
| Fixed assets | 21/28 | €96,692 | €96,465 | -€227 | -0.2% |
| Tangible fixed assets | 22/27 | €20,822 | €20,595 | -€227 | -1.1% |
| Plant, machinery and equipment | 23 | €50 | €0 | -€50 | -100% |
| Furniture and vehicles | 24 | €5,640 | €5,230 | -€410 | -7.3% |
| Other tangible fixed assets | 26 | €15,132 | €15,365 | +€234 | +1.5% |
| Financial fixed assets | 28 | €75,870 | €75,870 | = | 0.0% |
| Current assets | 29/58 | €138,581 | €135,663 | -€2,918 | -2.1% |
| Amounts receivable within one year | 40/41 | €125,983 | €127,801 | +€1,819 | +1.4% |
| Trade receivables | 40 | €52,301 | €77,419 | +€25,118 | +48.0% |
| Other amounts receivable | 41 | €73,682 | €50,383 | -€23,299 | -31.6% |
| Cash at bank and in hand | 54/58 | €8,380 | €7,721 | -€659 | -7.9% |
| Deferred charges and accrued income | 490/1 | €4,218 | €140 | -€4,078 | -96.7% |
| Total equity and liabilities | 10/49 | €235,273 | €232,128 | -€3,145 | -1.3% |
| Equity | 10/15 | €145,630 | €153,811 | +€8,182 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,200 | €135,211 | -€31,988 | -19.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €165,340 | €135,211 | -€30,128 | -18.2% |
| Profit (loss) carried forward | 14 | -€40,170 | €0 | +€40,170 | |
| Amounts payable | 17/49 | €89,643 | €78,316 | -€11,327 | -12.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €89,643 | €74,799 | -€14,845 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €1,101 | €0 | -€1,101 | -100% |
| Trade debts | 44 | €9,451 | €3,589 | -€5,862 | -62.0% |
| Suppliers | 440/4 | €9,451 | €3,589 | -€5,862 | -62.0% |
| Taxes, remuneration and social security | 45 | €76 | €8,585 | +€8,509 | +11,147% |
| Taxes | 450/3 | €76 | €8,585 | +€8,509 | +11,147% |
| Other amounts payable | 47/48 | €79,014 | €62,625 | -€16,389 | -20.7% |
| Accrued charges and deferred income | 492/3 | €0 | €3,518 | +€3,518 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,869 | €6,769 | -€100 | -1.5% |
| Other operating charges | 640/8 | €788 | €1,796 | +€1,007 | +128% |
| Non-recurring operating charges | 66A | €120,728 | €0 | -€120,728 | -100% |
| Gross operating margin | 9900 | €13,278 | €24,030 | +€10,753 | +81.0% |
| Operating profit (loss) | 9901 | -€115,108 | €15,465 | +€130,573 | |
| Financial income | 75/76B | €69,370 | €89 | -€69,281 | -99.9% |
| Recurring financial income | 75 | €300 | €89 | -€211 | -70.4% |
| Non-recurring financial income | 76B | €69,070 | €0 | -€69,070 | -100% |
| Financial charges | 65/66B | €627 | €6,991 | +€6,364 | +1,015% |
| Recurring financial charges | 65 | €627 | €6,991 | +€6,364 | +1,015% |
| Profit (loss) for the period before taxes | 9903 | -€46,365 | €8,563 | +€54,928 | |
| Income taxes | 67/77 | -€6,195 | €381 | +€6,576 | |
| Profit (loss) for the period | 9904 | -€40,170 | €8,182 | +€48,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,170 | €8,182 | +€48,352 |
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 29 October 2026 via checked.be.