De Coninck Stefaan: 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 Stefaan
Largest movements
- Cash -€75,737
down €75,737 (-21.6%), from €350,043 to €274,305
mainly Contributions, distributions and other (-€350,000) and Receivables within one year (-€71,623)
- Receivables within one year +€71,623
up €71,623 (+44.5%), from €160,940 to €232,564
of which Trade receivables: +€57,853
- Profit (loss) carried forward -€248,224
down €248,224 (-98.5%), from €251,907 to €3,683
- Tax, wage and social debts +€146,013
up €146,013 (+346%), from €42,175 to €188,188
of which Taxes: +€119,013
- Reserves +€100,000
up €100,000 (+85.6%), from €116,860 to €216,860
of which Distributable reserves: +€100,000
- Gross operating margin +€84,566
up €84,566 (+56.2%), from €150,397 to €234,963
- Taxes +€26,845
up €26,845 (+42.1%), from €63,755 to €90,600
- Financial income +€24,678
up €24,678 (+72.3%), from €34,122 to €58,800
of which Financial income: +€56,287
- Other operating charges -€2,928
down €2,928 (-70.8%), from €4,133 to €1,205
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 | €511,512 | €506,869 | -€4,643 | -0.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €511,512 | €506,869 | -€4,643 | -0.9% |
| Amounts receivable within one year | 40/41 | €160,940 | €232,564 | +€71,623 | +44.5% |
| Trade receivables | 40 | €89,943 | €147,796 | +€57,853 | +64.3% |
| Other amounts receivable | 41 | €70,997 | €84,767 | +€13,770 | +19.4% |
| Cash at bank and in hand | 54/58 | €350,043 | €274,305 | -€75,737 | -21.6% |
| Deferred charges and accrued income | 490/1 | €529 | - | -€529 | |
| Total equity and liabilities | 10/49 | €511,512 | €506,869 | -€4,643 | -0.9% |
| Equity | 10/15 | €381,167 | €232,943 | -€148,224 | -38.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €116,860 | €216,860 | +€100,000 | +85.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,000 | €215,000 | +€100,000 | +87.0% |
| Profit (loss) carried forward | 14 | €251,907 | €3,683 | -€248,224 | -98.5% |
| Amounts payable | 17/49 | €130,345 | €273,926 | +€143,581 | +110% |
| Amounts payable within one year | 42/48 | €130,345 | €271,985 | +€141,640 | +109% |
| Trade debts | 44 | €88,170 | €83,797 | -€4,373 | -5.0% |
| Suppliers | 440/4 | €88,170 | €83,797 | -€4,373 | -5.0% |
| Taxes, remuneration and social security | 45 | €42,175 | €188,188 | +€146,013 | +346% |
| Taxes | 450/3 | €42,175 | €161,188 | +€119,013 | +282% |
| Remuneration and social security | 454/9 | - | €27,000 | +€27,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €1,941 | +€1,941 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €0 | -€342 | -100% |
| Other operating charges | 640/8 | €4,133 | €1,205 | -€2,928 | -70.8% |
| Gross operating margin | 9900 | €150,397 | €234,963 | +€84,566 | +56.2% |
| Operating profit (loss) | 9901 | €145,922 | €233,758 | +€87,836 | +60.2% |
| Financial income | 75/76B | €34,122 | €58,800 | +€24,678 | +72.3% |
| Recurring financial income | 75 | €2,513 | €58,800 | +€56,287 | +2,240% |
| Non-recurring financial income | 76B | €31,609 | - | -€31,609 | |
| Financial charges | 65/66B | €64 | €182 | +€117 | +182% |
| Recurring financial charges | 65 | €64 | €182 | +€117 | +182% |
| Profit (loss) for the period before taxes | 9903 | €179,980 | €292,376 | +€112,396 | +62.4% |
| Income taxes | 67/77 | €63,755 | €90,600 | +€26,845 | +42.1% |
| Profit (loss) for the period | 9904 | €116,224 | €201,776 | +€85,552 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €116,224 | €201,776 | +€85,552 | +73.6% |
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 31 October 2026 via checked.be.