De Cort: what changed
Two fiscal 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 Cort
Largest movements
- Tangible fixed assets -€7,211
down €7,211 (-24.4%), from €29,561 to €22,350
of which Furniture and vehicles: -€4,864
- Cash -€1,473
down €1,473 (-22.8%), from €6,449 to €4,976
mainly Other debts (-€12,774) and Investment in fixed assets (net) (-€5,674)
- Receivables within one year -€1,305
down €1,305 (-94.7%), from €1,378 to €73
of which Other amounts receivable: -€983
- Other debts -€12,774
down €12,774 (-23.6%), from €54,213 to €41,439
- Tax, wage and social debts +€2,982
up €2,982 (+61.3%), from €4,865 to €7,847
of which Taxes: +€2,982
- Gross operating margin -€3,427
down €3,427 (-16.5%), from €20,825 to €17,398
- Financial charges -€2,871
down €2,871 (-67.3%), from €4,268 to €1,396
- Staff costs -€822
down €822 (-96.4%), from €853 to €31
- Depreciation +€720
up €720 (+5.9%), from €12,165 to €12,885
- Other operating charges -€356
down €356 (-11.1%), from €3,207 to €2,851
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 | €46,087 | €36,101 | -€9,986 | -21.7% |
| Fixed assets | 21/28 | €33,561 | €26,350 | -€7,211 | -21.5% |
| Tangible fixed assets | 22/27 | €29,561 | €22,350 | -€7,211 | -24.4% |
| Land and buildings | 22 | €1,627 | €336 | -€1,291 | -79.3% |
| Plant, machinery and equipment | 23 | €6,642 | €6,206 | -€436 | -6.6% |
| Furniture and vehicles | 24 | €17,477 | €12,613 | -€4,864 | -27.8% |
| Other tangible fixed assets | 26 | €3,816 | €3,195 | -€621 | -16.3% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €12,525 | €9,751 | -€2,775 | -22.2% |
| Stocks and contracts in progress | 3 | €4,048 | €4,300 | +€252 | +6.2% |
| Stocks | 30/36 | €4,048 | €4,300 | +€252 | +6.2% |
| Amounts receivable within one year | 40/41 | €1,378 | €73 | -€1,305 | -94.7% |
| Trade receivables | 40 | €350 | €28 | -€322 | -92.0% |
| Other amounts receivable | 41 | €1,028 | €45 | -€983 | -95.6% |
| Cash at bank and in hand | 54/58 | €6,449 | €4,976 | -€1,473 | -22.8% |
| Deferred charges and accrued income | 490/1 | €651 | €402 | -€249 | -38.3% |
| Total equity and liabilities | 10/49 | €46,087 | €36,101 | -€9,986 | -21.7% |
| Equity | 10/15 | -€18,935 | -€18,702 | +€233 | +1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,935 | -€23,702 | +€233 | +1.0% |
| Amounts payable | 17/49 | €65,022 | €54,803 | -€10,219 | -15.7% |
| Amounts payable within one year | 42/48 | €65,022 | €54,803 | -€10,219 | -15.7% |
| Trade debts | 44 | €5,520 | €5,518 | -€3 | 0.0% |
| Suppliers | 440/4 | €5,520 | €5,518 | -€3 | 0.0% |
| Advances received on contracts in progress | 46 | €424 | €0 | -€424 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,865 | €7,847 | +€2,982 | +61.3% |
| Taxes | 450/3 | €4,836 | €7,818 | +€2,982 | +61.7% |
| Remuneration and social security | 454/9 | €29 | €29 | = | 0.0% |
| Other amounts payable | 47/48 | €54,213 | €41,439 | -€12,774 | -23.6% |
| Remuneration, social security and pensions | 62 | €853 | €31 | -€822 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,165 | €12,885 | +€720 | +5.9% |
| Other operating charges | 640/8 | €3,207 | €2,851 | -€356 | -11.1% |
| Gross operating margin | 9900 | €20,825 | €17,398 | -€3,427 | -16.5% |
| Operating profit (loss) | 9901 | €4,600 | €1,631 | -€2,969 | -64.5% |
| Financial income | 75/76B | €19 | €139 | +€120 | +630.5% |
| Recurring financial income | 75 | €19 | €139 | +€120 | +630.5% |
| Financial charges | 65/66B | €4,268 | €1,396 | -€2,871 | -67.3% |
| Recurring financial charges | 65 | €4,268 | €1,396 | -€2,871 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €352 | €374 | +€22 | +6.3% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €212 | €233 | +€21 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €212 | €233 | +€21 | +9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.