DE CONINCK: 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 CONINCK
NACE 46.349, Wholesale of beverages, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€266,397
2024 · €714,416-€448,019
Equity
€5.9m
2024 · €5.9m-€19,318
Cash
€987,824
2024 · €1.3m-€287,127
Balance sheet total
€10.8m
2024 · €11.5m-€700,060
Largest movements
Assets
- Cash -€287,127
down €287,127 (-22.5%), from €1.3m to €987,824
mainly Trade debts (-€525,461) and Contributions, distributions and other (-€285,715)
- Stocks and contracts -€246,508
down €246,508 (-3.6%), from €6.8m to €6.6m
- Tangible fixed assets -€173,060
down €173,060 (-8.7%), from €2.0m to €1.8m
of which Other tangible fixed assets: -€205,286
Equity and liabilities
- Trade debts -€525,461
down €525,461 (-31.1%), from €1.7m to €1.2m
- Debts after one year -€212,335
down €212,335 (-12.3%), from €1.7m to €1.5m
Income statement
- Staff costs +€249,903
up €249,903 (+16.2%), from €1.5m to €1.8m
- Goods and materials +€145,588
up €145,588 (+1.5%), from €9.4m to €9.6m
of which Change in stocks: decrease (increase): +€132,373
- Taxes -€142,106
down €142,106 (-56.0%), from €253,631 to €111,526
of which Taxes: -€92,582
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
€714,416
Turnover
-€48,400
Other operating income
-€125,405
Goods and materials
-€145,588
Services and other goods
+€125,023
Staff costs
-€249,903
Depreciation
-€38,873
Write-downs
-€122,866
Provisions
+€5,160
Other operating charges
+€6,945
Financial income
-€298
Financial charges
+€4,080
Taxes
+€142,106
Result 2025
€266,397
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
+€498,458
Investment
-€202,191
Financing
-€583,395
Cash 2024
€1.3m
From operations (derived)
+€498,458
Net result for the year
+€266,397
Depreciation
+€368,774
Stocks and contracts
+€246,508
Receivables within one year
+€16,190
Deferred charges and accrued income
-€16,349
Provisions
-€2,748
Trade debts
-€525,461
Tax, wage and social debts
+€107,414
Advances received
+€75,119
Other debts
-€34,375
Accrued charges and deferred income
-€3,011
Investment (derived)
-€202,191
Investment in fixed assets (net)
-€202,191
Financing
-€583,395
Debts after one year
-€212,335
Current portion of long-term debt
-€85,345
Contributions, distributions and other
-€285,715
Cash 2025
€987,824
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,453,748 | €10,753,688 | -€700,060 | -6.1% |
| Fixed assets | 21/28 | €2,118,896 | €1,952,313 | -€166,584 | -7.9% |
| Intangible fixed assets | 21 | €6,258 | €13,134 | +€6,876 | +110% |
| Tangible fixed assets | 22/27 | €1,994,132 | €1,821,072 | -€173,060 | -8.7% |
| Land and buildings | 22 | €1,288,143 | €1,183,964 | -€104,179 | -8.1% |
| Furniture and vehicles | 24 | €146,451 | €204,167 | +€57,717 | +39.4% |
| Other tangible fixed assets | 26 | €559,538 | €354,252 | -€205,286 | -36.7% |
| Assets under construction and advance payments | 27 | - | €78,688 | +€78,688 | |
| Financial fixed assets | 28 | €118,507 | €118,107 | -€400 | -0.3% |
| Companies linked by participating interests | 282/3 | €892 | €892 | = | 0.0% |
| Participating interests | 282 | €892 | €892 | = | 0.0% |
| Other financial fixed assets | 284/8 | €117,614 | €117,214 | -€400 | -0.3% |
| Amounts receivable and cash guarantees | 285/8 | €117,614 | €117,214 | -€400 | -0.3% |
| Current assets | 29/58 | €9,334,852 | €8,801,375 | -€533,477 | -5.7% |
| Amounts receivable after more than one year | 29 | €50 | €50 | = | 0.0% |
| Other amounts receivable | 291 | €50 | €50 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,828,473 | €6,581,965 | -€246,508 | -3.6% |
| Stocks | 30/36 | €6,828,473 | €6,581,965 | -€246,508 | -3.6% |
| Goods purchased for resale | 34 | €5,270,999 | €5,583,182 | +€312,183 | +5.9% |
| Advance payments | 36 | €1,557,474 | €998,783 | -€558,691 | -35.9% |
| Amounts receivable within one year | 40/41 | €1,190,882 | €1,174,691 | -€16,190 | -1.4% |
| Trade receivables | 40 | €1,089,832 | €1,065,274 | -€24,558 | -2.3% |
| Other amounts receivable | 41 | €101,050 | €109,417 | +€8,368 | +8.3% |
| Cash at bank and in hand | 54/58 | €1,274,952 | €987,824 | -€287,127 | -22.5% |
| Deferred charges and accrued income | 490/1 | €40,496 | €56,845 | +€16,349 | +40.4% |
| Total equity and liabilities | 10/49 | €11,453,748 | €10,753,688 | -€700,060 | -6.1% |
| Equity | 10/15 | €5,871,410 | €5,852,092 | -€19,318 | -0.3% |
| Contributions | 10/11 | €645,000 | €645,000 | = | 0.0% |
| Capital | 10 | €645,000 | €645,000 | = | 0.0% |
| Issued capital | 100 | €645,000 | €645,000 | = | 0.0% |
| Revaluation surpluses | 12 | €53,447 | €53,447 | = | 0.0% |
| Reserves | 13 | €1,904,019 | €1,884,701 | -€19,318 | -1.0% |
| Non-distributable reserves | 130/1 | €120,330 | €120,330 | = | 0.0% |
| Legal reserve | 130 | €70,000 | €70,000 | = | 0.0% |
| Other | 1319 | €50,330 | €50,330 | = | 0.0% |
| Tax-exempt reserves | 132 | €557,038 | €557,038 | = | 0.0% |
| Distributable reserves | 133 | €1,226,652 | €1,207,334 | -€19,318 | -1.6% |
| Profit (loss) carried forward | 14 | €3,268,944 | €3,268,944 | = | 0.0% |
| Provisions and deferred taxes | 16 | €22,428 | €19,680 | -€2,748 | -12.3% |
| Provisions for liabilities and charges | 160/5 | €22,428 | €19,680 | -€2,748 | -12.3% |
| Environmental obligations | 163 | €22,428 | €19,680 | -€2,748 | -12.3% |
| Amounts payable | 17/49 | €5,559,910 | €4,881,916 | -€677,994 | -12.2% |
| Amounts payable after more than one year | 17 | €1,725,295 | €1,512,960 | -€212,335 | -12.3% |
| Financial debts | 170/4 | €1,725,295 | €1,512,960 | -€212,335 | -12.3% |
| Credit institutions | 173 | €1,725,295 | €1,512,960 | -€212,335 | -12.3% |
| Amounts payable within one year | 42/48 | €3,831,604 | €3,368,956 | -€462,649 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €551,711 | €466,365 | -€85,345 | -15.5% |
| Trade debts | 44 | €1,691,526 | €1,166,064 | -€525,461 | -31.1% |
| Suppliers | 440/4 | €1,691,526 | €1,166,064 | -€525,461 | -31.1% |
| Advances received on contracts in progress | 46 | €734,560 | €809,679 | +€75,119 | +10.2% |
| Taxes, remuneration and social security | 45 | €530,724 | €638,138 | +€107,414 | +20.2% |
| Taxes | 450/3 | €198,497 | €232,248 | +€33,751 | +17.0% |
| Remuneration and social security | 454/9 | €332,227 | €405,889 | +€73,662 | +22.2% |
| Other amounts payable | 47/48 | €323,085 | €288,710 | -€34,375 | -10.6% |
| Accrued charges and deferred income | 492/3 | €3,011 | - | -€3,011 | |
| Operating income | 70/76A | €14,461,530 | €14,287,724 | -€173,805 | -1.2% |
| Turnover | 70 | €13,989,518 | €13,941,118 | -€48,400 | -0.3% |
| Other operating income | 74 | €472,012 | €346,607 | -€125,405 | -26.6% |
| Operating charges | 60/66A | €13,391,781 | €13,811,883 | +€420,102 | +3.1% |
| Goods for resale, raw materials and consumables | 60 | €9,423,023 | €9,568,610 | +€145,588 | +1.5% |
| Purchases | 600/8 | €9,980,195 | €9,993,409 | +€13,215 | +0.1% |
| Change in stocks: decrease (increase) | 609 | -€557,172 | -€424,799 | +€132,373 | +23.8% |
| Services and other goods | 61 | €2,042,874 | €1,917,851 | -€125,023 | -6.1% |
| Remuneration, social security and pensions | 62 | €1,539,382 | €1,789,284 | +€249,903 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,901 | €368,774 | +€38,873 | +11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,758 | €137,623 | +€122,866 | +833% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,412 | -€2,748 | -€5,160 | |
| Other operating charges | 640/8 | €39,433 | €32,488 | -€6,945 | -17.6% |
| Operating profit (loss) | 9901 | €1,069,748 | €475,841 | -€593,907 | -55.5% |
| Financial income | 75/76B | €39,327 | €39,030 | -€298 | -0.8% |
| Recurring financial income | 75 | €39,327 | €39,030 | -€298 | -0.8% |
| Income from current assets | 751 | €14,704 | €15,812 | +€1,108 | +7.5% |
| Other financial income | 752/9 | €24,623 | €23,217 | -€1,406 | -5.7% |
| Financial charges | 65/66B | €141,029 | €136,948 | -€4,080 | -2.9% |
| Recurring financial charges | 65 | €141,029 | €136,948 | -€4,080 | -2.9% |
| Debt charges | 650 | €89,855 | €93,739 | +€3,884 | +4.3% |
| Other financial charges | 652/9 | €51,173 | €43,209 | -€7,964 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €968,047 | €377,923 | -€590,125 | -61.0% |
| Income taxes | 67/77 | €253,631 | €111,526 | -€142,106 | -56.0% |
| Taxes | 670/3 | €253,631 | €161,049 | -€92,582 | -36.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €49,523 | +€49,523 | |
| Profit (loss) for the period | 9904 | €714,416 | €266,397 | -€448,019 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €714,416 | €266,397 | -€448,019 | -62.7% |
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 18 October 2026 via checked.be.