De Coster Jan: 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 Coster Jan
Largest movements
- Cash +€214,723
up €214,723 (+246%), from €87,394 to €302,117
- Receivables within one year +€120,295
up €120,295 (+80.7%), from €149,144 to €269,439
of which Trade receivables: +€93,749
- Tangible fixed assets +€80,398
up €80,398 (+25.8%), from €311,707 to €392,105
of which Plant, machinery and equipment: +€115,430
- Profit (loss) carried forward +€178,387
up €178,387 (+210%), from €84,899 to €263,285
- Trade debts +€85,912
up €85,912 (+28.8%), from €298,094 to €384,005
- Debts after one year +€64,114
new in 2025: €64,114
- Tax, wage and social debts +€36,098
up €36,098 (+406%), from €8,900 to €44,998
of which Taxes: +€30,650
- Other debts +€30,609
up €30,609 (+21.6%), from €141,865 to €172,474
- Gross operating margin +€323,721
up €323,721 (+419%), from €77,195 to €400,916
- Depreciation +€98,860
up €98,860 (+345%), from €28,681 to €127,541
- Taxes +€55,073
up €55,073 (+4,220%), from €1,305 to €56,378
- Financial charges +€4,271
up €4,271 (+373%), from €1,145 to €5,416
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €554,218 | €971,368 | +€417,150 | +75.3% |
| Fixed assets | 21/28 | €313,850 | €393,725 | +€79,875 | +25.4% |
| Intangible fixed assets | 21 | €2,144 | €1,620 | -€524 | -24.4% |
| Tangible fixed assets | 22/27 | €311,707 | €392,105 | +€80,398 | +25.8% |
| Plant, machinery and equipment | 23 | €31,310 | €146,740 | +€115,430 | +369% |
| Furniture and vehicles | 24 | €280,397 | €245,365 | -€35,032 | -12.5% |
| Current assets | 29/58 | €240,368 | €577,643 | +€337,275 | +140% |
| Stocks and contracts in progress | 3 | - | €141 | +€141 | |
| Stocks | 30/36 | - | €141 | +€141 | |
| Amounts receivable within one year | 40/41 | €149,144 | €269,439 | +€120,295 | +80.7% |
| Trade receivables | 40 | €83,290 | €177,038 | +€93,749 | +113% |
| Other amounts receivable | 41 | €65,855 | €92,401 | +€26,546 | +40.3% |
| Cash at bank and in hand | 54/58 | €87,394 | €302,117 | +€214,723 | +246% |
| Deferred charges and accrued income | 490/1 | €3,829 | €5,946 | +€2,116 | +55.3% |
| Total equity and liabilities | 10/49 | €554,218 | €971,368 | +€417,150 | +75.3% |
| Equity | 10/15 | €105,359 | €283,745 | +€178,387 | +169% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,899 | €263,285 | +€178,387 | +210% |
| Amounts payable | 17/49 | €448,859 | €687,622 | +€238,763 | +53.2% |
| Amounts payable after more than one year | 17 | - | €64,114 | +€64,114 | |
| Financial debts | 170/4 | - | €64,114 | +€64,114 | |
| Amounts payable within one year | 42/48 | €448,859 | €623,508 | +€174,649 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | - | €22,031 | +€22,031 | |
| Trade debts | 44 | €298,094 | €384,005 | +€85,912 | +28.8% |
| Suppliers | 440/4 | €298,094 | €384,005 | +€85,912 | +28.8% |
| Taxes, remuneration and social security | 45 | €8,900 | €44,998 | +€36,098 | +406% |
| Taxes | 450/3 | €1,729 | €32,378 | +€30,650 | +1,773% |
| Remuneration and social security | 454/9 | €7,171 | €12,620 | +€5,448 | +76.0% |
| Other amounts payable | 47/48 | €141,865 | €172,474 | +€30,609 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,681 | €127,541 | +€98,860 | +345% |
| Other operating charges | 640/8 | €2,434 | €4,269 | +€1,835 | +75.4% |
| Gross operating margin | 9900 | €77,195 | €400,916 | +€323,721 | +419% |
| Operating profit (loss) | 9901 | €46,081 | €269,106 | +€223,025 | +484% |
| Financial income | 75/76B | €133 | €1,934 | +€1,801 | +1,351% |
| Recurring financial income | 75 | €133 | €1,934 | +€1,801 | +1,351% |
| Financial charges | 65/66B | €1,145 | €5,416 | +€4,271 | +373% |
| Recurring financial charges | 65 | €1,145 | €5,416 | +€4,271 | +373% |
| Profit (loss) for the period before taxes | 9903 | €45,069 | €265,624 | +€220,555 | +489% |
| Income taxes | 67/77 | €1,305 | €56,378 | +€55,073 | +4,220% |
| Profit (loss) for the period | 9904 | €43,764 | €209,246 | +€165,481 | +378% |
| Profit (loss) for the period to be appropriated | 9905 | €43,764 | €209,246 | +€165,481 | +378% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.