DE COSTER RONALD: 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 RONALD
Largest movements
- Receivables within one year -€20,703
down €20,703 (-21.2%), from €97,735 to €77,032
of which Trade receivables: -€25,030
- Tangible fixed assets -€5,054
down €5,054 (-21.9%), from €23,111 to €18,057
of which Plant, machinery and equipment: -€2,677
- Advances received -€28,381
no longer reported in 2025 (was €28,381)
- Tax, wage and social debts -€4,231
no longer reported in 2025 (was €4,231)
of which Taxes: -€2,731
- Reserves +€4,170
up €4,170 (+4.2%), from €100,206 to €104,376
- Gross operating margin -€12,298
down €12,298 (-58.3%), from €21,092 to €8,794
- Depreciation +€1,679
up €1,679 (+49.8%), from €3,374 to €5,054
- Financial income -€1,602
down €1,602 (-33.5%), from €4,784 to €3,181
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 | €154,254 | €126,868 | -€27,387 | -17.8% |
| Fixed assets | 21/28 | €23,111 | €18,057 | -€5,054 | -21.9% |
| Tangible fixed assets | 22/27 | €23,111 | €18,057 | -€5,054 | -21.9% |
| Plant, machinery and equipment | 23 | €14,071 | €11,394 | -€2,677 | -19.0% |
| Furniture and vehicles | 24 | €9,039 | €6,663 | -€2,377 | -26.3% |
| Current assets | 29/58 | €131,144 | €108,811 | -€22,333 | -17.0% |
| Stocks and contracts in progress | 3 | €4,589 | €4,027 | -€562 | -12.3% |
| Stocks | 30/36 | €4,589 | €4,027 | -€562 | -12.3% |
| Amounts receivable within one year | 40/41 | €97,735 | €77,032 | -€20,703 | -21.2% |
| Trade receivables | 40 | €36,161 | €11,132 | -€25,030 | -69.2% |
| Other amounts receivable | 41 | €61,573 | €65,901 | +€4,327 | +7.0% |
| Cash at bank and in hand | 54/58 | €22,984 | €22,469 | -€514 | -2.2% |
| Deferred charges and accrued income | 490/1 | €5,836 | €5,282 | -€554 | -9.5% |
| Total equity and liabilities | 10/49 | €154,254 | €126,868 | -€27,387 | -17.8% |
| Equity | 10/15 | €118,806 | €122,976 | +€4,170 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,206 | €104,376 | +€4,170 | +4.2% |
| Distributable reserves | 133 | €100,206 | €104,376 | +€4,170 | +4.2% |
| Amounts payable | 17/49 | €35,449 | €3,892 | -€31,557 | -89.0% |
| Amounts payable within one year | 42/48 | €35,449 | €3,892 | -€31,557 | -89.0% |
| Trade debts | 44 | €2,837 | €3,892 | +€1,055 | +37.2% |
| Suppliers | 440/4 | €2,837 | €3,892 | +€1,055 | +37.2% |
| Advances received on contracts in progress | 46 | €28,381 | - | -€28,381 | |
| Taxes, remuneration and social security | 45 | €4,231 | - | -€4,231 | |
| Taxes | 450/3 | €2,731 | - | -€2,731 | |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,374 | €5,054 | +€1,679 | +49.8% |
| Gross operating margin | 9900 | €21,092 | €8,794 | -€12,298 | -58.3% |
| Operating profit (loss) | 9901 | €17,718 | €3,741 | -€13,977 | -78.9% |
| Financial income | 75/76B | €4,784 | €3,181 | -€1,602 | -33.5% |
| Recurring financial income | 75 | €4,784 | €3,181 | -€1,602 | -33.5% |
| Financial charges | 65/66B | €5 | €8 | +€3 | +66.4% |
| Recurring financial charges | 65 | €5 | €8 | +€3 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €22,497 | €6,914 | -€15,583 | -69.3% |
| Income taxes | 67/77 | €2,731 | €2,744 | +€13 | +0.5% |
| Profit (loss) for the period | 9904 | €19,766 | €4,170 | -€15,596 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,766 | €4,170 | -€15,596 | -78.9% |
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 28 October 2026 via checked.be.