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.
DE CONINCK
Largest movements
- Tangible fixed assets -€17,617
down €17,617 (-27.5%), from €64,056 to €46,440
of which Land and buildings: -€11,180
- Cash -€5,316
down €5,316 (-58.6%), from €9,071 to €3,755
mainly Current portion of long-term debt (-€15,000) and Net result for the year (-€9,341)
- Receivables within one year -€2,397
down €2,397 (-15.0%), from €16,015 to €13,617
of which Trade receivables: -€1,938
- Current portion of long-term debt -€15,000
down €15,000 (-33.0%), from €45,500 to €30,500
- Profit (loss) carried forward -€9,341
down €9,341 (-7.9%), from -€117,663 to -€127,004
- Debts after one year -€7,051
down €7,051 (-85.4%), from €8,256 to €1,205
- Other debts +€5,984
up €5,984 (+5.0%), from €120,354 to €126,338
- Depreciation -€5,428
down €5,428 (-29.1%), from €18,680 to €13,252
- Gross operating margin +€3,924
up €3,924 (+186.0%), from €2,110 to €6,034
- Financial charges -€373
down €373 (-32.3%), from €1,156 to €783
- Other operating charges +€256
up €256 (+29.5%), from €868 to €1,124
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.
Cash bridge derived
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 | €90,405 | €65,074 | -€25,330 | -28.0% |
| Fixed assets | 21/28 | €64,056 | €46,440 | -€17,617 | -27.5% |
| Tangible fixed assets | 22/27 | €64,056 | €46,440 | -€17,617 | -27.5% |
| Land and buildings | 22 | €53,757 | €42,577 | -€11,180 | -20.8% |
| Plant, machinery and equipment | 23 | €4,928 | €3,436 | -€1,491 | -30.3% |
| Furniture and vehicles | 24 | €5,372 | €426 | -€4,946 | -92.1% |
| Current assets | 29/58 | €26,349 | €18,635 | -€7,714 | -29.3% |
| Stocks and contracts in progress | 3 | €1,248 | €1,248 | = | 0.0% |
| Stocks | 30/36 | €1,248 | €1,248 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,015 | €13,617 | -€2,397 | -15.0% |
| Trade receivables | 40 | €1,938 | - | -€1,938 | |
| Other amounts receivable | 41 | €14,076 | €13,617 | -€459 | -3.3% |
| Current investments | 50/53 | €14 | €14 | +€0 | +0.6% |
| Cash at bank and in hand | 54/58 | €9,071 | €3,755 | -€5,316 | -58.6% |
| Total equity and liabilities | 10/49 | €90,405 | €65,074 | -€25,330 | -28.0% |
| Equity | 10/15 | -€93,503 | -€102,844 | -€9,341 | -10.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €5,610 | €5,610 | = | 0.0% |
| Distributable reserves | 133 | €5,610 | €5,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,663 | -€127,004 | -€9,341 | -7.9% |
| Amounts payable | 17/49 | €183,908 | €167,918 | -€15,990 | -8.7% |
| Amounts payable after more than one year | 17 | €8,256 | €1,205 | -€7,051 | -85.4% |
| Financial debts | 170/4 | €8,256 | €1,205 | -€7,051 | -85.4% |
| Amounts payable within one year | 42/48 | €175,652 | €166,713 | -€8,939 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €45,500 | €30,500 | -€15,000 | -33.0% |
| Financial debts | 43 | €9,485 | €9,809 | +€324 | +3.4% |
| Credit institutions | 430/8 | €9,485 | €9,809 | +€324 | +3.4% |
| Trade debts | 44 | €246 | - | -€246 | |
| Suppliers | 440/4 | €246 | - | -€246 | |
| Taxes, remuneration and social security | 45 | €67 | €67 | = | 0.0% |
| Taxes | 450/3 | €67 | €67 | = | 0.0% |
| Other amounts payable | 47/48 | €120,354 | €126,338 | +€5,984 | +5.0% |
| Remuneration, social security and pensions | 62 | €208 | €215 | +€8 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,680 | €13,252 | -€5,428 | -29.1% |
| Other operating charges | 640/8 | €868 | €1,124 | +€256 | +29.5% |
| Gross operating margin | 9900 | €2,110 | €6,034 | +€3,924 | +186.0% |
| Operating profit (loss) | 9901 | -€17,646 | -€8,558 | +€9,088 | +51.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -88.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -88.5% |
| Financial charges | 65/66B | €1,156 | €783 | -€373 | -32.3% |
| Recurring financial charges | 65 | €1,156 | €783 | -€373 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,801 | -€9,341 | +€9,460 | +50.3% |
| Profit (loss) for the period | 9904 | -€18,801 | -€9,341 | +€9,460 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,801 | -€9,341 | +€9,460 | +50.3% |
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 11 October 2026 via checked.be.