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 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €831,722+€339,262
Equity
€154,056
2024 · €153,072+€984
Cash
€1.1m
2024 · €198,146+€869,804
Balance sheet total
€1.7m
2024 · €1.3m+€462,779
Largest movements
Assets
- Cash +€869,804
up €869,804 (+439%), from €198,146 to €1.1m
mainly Net result for the year (+€1.2m) and Receivables within one year (+€417,925)
- Receivables within one year -€417,925
down €417,925 (-49.1%), from €851,197 to €433,273
of which Other amounts receivable: -€274,560
Equity and liabilities
- Other debts +€340,382
up €340,382 (+39.9%), from €852,959 to €1.2m
- Trade debts +€122,717
up €122,717 (+99.0%), from €123,930 to €246,647
Income statement
- Gross operating margin +€381,629
up €381,629 (+25.4%), from €1.5m to €1.9m
- Staff costs +€50,630
up €50,630 (+7.8%), from €646,216 to €696,846
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
€831,722
Gross operating margin
+€381,629
Staff costs
-€50,630
Depreciation
-€3,564
Other operating charges
-€2,893
Financial income
+€14,584
Financial charges
+€1,265
Taxes
-€1,130
Result 2025
€1.2m
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
+€2.1m
Investment
-€38,272
Financing
-€1.2m
Cash 2024
€198,146
From operations (derived)
+€2.1m
Net result for the year
+€1.2m
Depreciation
+€37,722
Receivables within one year
+€417,925
Deferred charges and accrued income
-€10,350
Trade debts
+€122,717
Tax, wage and social debts
+€4,909
Advances received
+€203
Other debts
+€340,382
Investment (derived)
-€38,272
Investment in fixed assets (net)
-€38,272
Financing
-€1.2m
Debts after one year
+€7,646
Current portion of long-term debt
-€14,061
Contributions, distributions and other
-€1.2m
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,251,608 | €1,714,387 | +€462,779 | +37.0% |
| Fixed assets | 21/28 | €152,265 | €152,814 | +€550 | +0.4% |
| Tangible fixed assets | 22/27 | €152,265 | €152,451 | +€187 | +0.1% |
| Land and buildings | 22 | €107,295 | €93,706 | -€13,589 | -12.7% |
| Plant, machinery and equipment | 23 | €1,281 | €1,941 | +€660 | +51.5% |
| Furniture and vehicles | 24 | €40,675 | €54,417 | +€13,743 | +33.8% |
| Other tangible fixed assets | 26 | €3,014 | €2,387 | -€627 | -20.8% |
| Financial fixed assets | 28 | - | €363 | +€363 | |
| Current assets | 29/58 | €1,099,343 | €1,561,572 | +€462,229 | +42.0% |
| Stocks and contracts in progress | 3 | €50,000 | €50,000 | = | 0.0% |
| Stocks | 30/36 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €851,197 | €433,273 | -€417,925 | -49.1% |
| Trade receivables | 40 | €346,169 | €202,804 | -€143,364 | -41.4% |
| Other amounts receivable | 41 | €505,029 | €230,468 | -€274,560 | -54.4% |
| Cash at bank and in hand | 54/58 | €198,146 | €1,067,950 | +€869,804 | +439% |
| Deferred charges and accrued income | 490/1 | - | €10,350 | +€10,350 | |
| Total equity and liabilities | 10/49 | €1,251,608 | €1,714,387 | +€462,779 | +37.0% |
| Equity | 10/15 | €153,072 | €154,056 | +€984 | +0.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €63,250 | €63,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €57,100 | €57,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,322 | €29,306 | +€984 | +3.5% |
| Amounts payable | 17/49 | €1,098,536 | €1,560,331 | +€461,795 | +42.0% |
| Amounts payable after more than one year | 17 | €69,754 | €77,400 | +€7,646 | +11.0% |
| Financial debts | 170/4 | €69,754 | €77,400 | +€7,646 | +11.0% |
| Amounts payable within one year | 42/48 | €1,028,782 | €1,482,931 | +€454,149 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €37,878 | €23,817 | -€14,061 | -37.1% |
| Trade debts | 44 | €123,930 | €246,647 | +€122,717 | +99.0% |
| Suppliers | 440/4 | €123,930 | €246,647 | +€122,717 | +99.0% |
| Advances received on contracts in progress | 46 | - | €203 | +€203 | |
| Taxes, remuneration and social security | 45 | €14,014 | €18,923 | +€4,909 | +35.0% |
| Taxes | 450/3 | €1,939 | €9,589 | +€7,650 | +394% |
| Remuneration and social security | 454/9 | €12,075 | €9,334 | -€2,741 | -22.7% |
| Other amounts payable | 47/48 | €852,959 | €1,193,340 | +€340,382 | +39.9% |
| Remuneration, social security and pensions | 62 | €646,216 | €696,846 | +€50,630 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,158 | €37,722 | +€3,564 | +10.4% |
| Other operating charges | 640/8 | €5,998 | €8,891 | +€2,893 | +48.2% |
| Gross operating margin | 9900 | €1,503,191 | €1,884,820 | +€381,629 | +25.4% |
| Operating profit (loss) | 9901 | €816,819 | €1,141,361 | +€324,542 | +39.7% |
| Financial income | 75/76B | €30,251 | €44,835 | +€14,584 | +48.2% |
| Recurring financial income | 75 | €30,251 | €44,835 | +€14,584 | +48.2% |
| Financial charges | 65/66B | €8,609 | €7,343 | -€1,265 | -14.7% |
| Recurring financial charges | 65 | €8,609 | €7,343 | -€1,265 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €838,461 | €1,178,853 | +€340,392 | +40.6% |
| Income taxes | 67/77 | €6,739 | €7,869 | +€1,130 | +16.8% |
| Profit (loss) for the period | 9904 | €831,722 | €1,170,984 | +€339,262 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €831,722 | €1,170,984 | +€339,262 | +40.8% |
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 14 October 2026 via checked.be.