DE CORTE PAINT: 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 CORTE PAINT
Largest movements
- Cash -€182,470
down €182,470 (-75.6%), from €241,360 to €58,890
mainly Other debts (-€146,496) and Trade debts (-€129,720)
- Receivables within one year -€81,297
down €81,297 (-57.4%), from €141,552 to €60,255
of which Other amounts receivable: -€66,769
- Tangible fixed assets -€40,642
down €40,642 (-30.2%), from €134,355 to €93,713
of which Furniture and vehicles: -€28,595
- Stocks and contracts +€12,605
up €12,605 (+9.9%), from €126,685 to €139,290
- Other debts -€146,496
down €146,496 (-55.4%), from €264,570 to €118,075
- Trade debts -€129,720
down €129,720 (-53.9%), from €240,744 to €111,024
- Debts after one year -€17,862
down €17,862 (-51.0%), from €35,028 to €17,167
- Gross operating margin -€56,033
down €56,033 (-18.6%), from €301,819 to €245,787
- Staff costs +€10,004
up €10,004 (+13.0%), from €77,209 to €87,213
- Depreciation +€8,183
up €8,183 (+25.2%), from €32,459 to €40,642
- Financial charges +€3,750
up €3,750 (+91.3%), from €4,108 to €7,858
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 | €648,303 | €356,637 | -€291,666 | -45.0% |
| Fixed assets | 21/28 | €134,766 | €94,124 | -€40,642 | -30.2% |
| Tangible fixed assets | 22/27 | €134,355 | €93,713 | -€40,642 | -30.2% |
| Land and buildings | 22 | €20,366 | €13,572 | -€6,794 | -33.4% |
| Plant, machinery and equipment | 23 | €28,704 | €23,451 | -€5,253 | -18.3% |
| Furniture and vehicles | 24 | €85,285 | €56,690 | -€28,595 | -33.5% |
| Financial fixed assets | 28 | €411 | €411 | = | 0.0% |
| Current assets | 29/58 | €513,537 | €262,513 | -€251,024 | -48.9% |
| Stocks and contracts in progress | 3 | €126,685 | €139,290 | +€12,605 | +9.9% |
| Stocks | 30/36 | €126,685 | €139,290 | +€12,605 | +9.9% |
| Amounts receivable within one year | 40/41 | €141,552 | €60,255 | -€81,297 | -57.4% |
| Trade receivables | 40 | €61,101 | €46,574 | -€14,527 | -23.8% |
| Other amounts receivable | 41 | €80,451 | €13,681 | -€66,769 | -83.0% |
| Cash at bank and in hand | 54/58 | €241,360 | €58,890 | -€182,470 | -75.6% |
| Deferred charges and accrued income | 490/1 | €3,940 | €4,078 | +€138 | +3.5% |
| Total equity and liabilities | 10/49 | €648,303 | €356,637 | -€291,666 | -45.0% |
| Equity | 10/15 | €73,510 | €73,521 | +€11 | 0.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €16,427 | €16,427 | = | 0.0% |
| Tax-exempt reserves | 132 | €434 | €434 | = | 0.0% |
| Distributable reserves | 133 | €15,993 | €15,993 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,084 | €7,094 | +€11 | +0.2% |
| Amounts payable | 17/49 | €574,793 | €283,116 | -€291,677 | -50.7% |
| Amounts payable after more than one year | 17 | €35,028 | €17,167 | -€17,862 | -51.0% |
| Financial debts | 170/4 | €35,028 | €17,167 | -€17,862 | -51.0% |
| Amounts payable within one year | 42/48 | €539,764 | €265,949 | -€273,815 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | €17,489 | €17,862 | +€373 | +2.1% |
| Trade debts | 44 | €240,744 | €111,024 | -€129,720 | -53.9% |
| Suppliers | 440/4 | €240,744 | €111,024 | -€129,720 | -53.9% |
| Advances received on contracts in progress | 46 | €4,283 | €4,477 | +€194 | +4.5% |
| Taxes, remuneration and social security | 45 | €12,678 | €14,512 | +€1,834 | +14.5% |
| Taxes | 450/3 | €2,725 | €2,729 | +€4 | +0.1% |
| Remuneration and social security | 454/9 | €9,954 | €11,783 | +€1,830 | +18.4% |
| Other amounts payable | 47/48 | €264,570 | €118,075 | -€146,496 | -55.4% |
| Non-recurring operating income | 76A | - | €8,371 | +€8,371 | |
| Remuneration, social security and pensions | 62 | €77,209 | €87,213 | +€10,004 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,459 | €40,642 | +€8,183 | +25.2% |
| Other operating charges | 640/8 | €2,697 | €1,416 | -€1,280 | -47.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €301,819 | €245,787 | -€56,033 | -18.6% |
| Operating profit (loss) | 9901 | €189,454 | €116,515 | -€72,939 | -38.5% |
| Financial income | 75/76B | €445 | €2,082 | +€1,637 | +368% |
| Recurring financial income | 75 | €445 | €2,082 | +€1,637 | +368% |
| Financial charges | 65/66B | €4,108 | €7,858 | +€3,750 | +91.3% |
| Recurring financial charges | 65 | €4,108 | €7,858 | +€3,750 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €185,791 | €110,740 | -€75,051 | -40.4% |
| Income taxes | 67/77 | €2,725 | €3,729 | +€1,004 | +36.8% |
| Profit (loss) for the period | 9904 | €183,066 | €107,011 | -€76,055 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €183,066 | €107,011 | -€76,055 | -41.5% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.