De Coster - Van Roeyen: 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 - Van Roeyen
Largest movements
- Cash +€9,811
up €9,811 (+172%), from €5,707 to €15,518
mainly Accrued charges and deferred income (+€15,715) and Net result for the year (+€8,627)
- Stocks and contracts -€7,649
down €7,649 (-15.7%), from €48,605 to €40,956
- Tangible fixed assets +€3,374
up €3,374 (+11.2%), from €30,249 to €33,623
of which Plant, machinery and equipment: +€8,557
- Receivables within one year -€3,060
down €3,060 (-88.8%), from €3,445 to €386
of which Trade receivables: -€2,546
- Debts after one year -€20,393
down €20,393 (-29.7%), from €68,737 to €48,344
of which Financial debts: -€20,393
- Accrued charges and deferred income +€15,715
up €15,715 (+1,558%), from €1,009 to €16,724
- Profit (loss) carried forward +€8,627
up €8,627 (+37.0%), from -€23,288 to -€14,661
- Trade debts -€4,039
down €4,039 (-33.7%), from €11,991 to €7,951
- Other debts +€2,574
up €2,574 (+28.5%), from €9,033 to €11,607
- Gross operating margin +€52,775
up €52,775, from -€31,324 to €21,451
- Financial charges +€1,886
up €1,886 (+108%), from €1,741 to €3,626
- Depreciation +€1,085
up €1,085 (+19.3%), from €5,627 to €6,712
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 | €102,935 | €105,848 | +€2,913 | +2.8% |
| Fixed assets | 21/28 | €37,689 | €41,063 | +€3,374 | +9.0% |
| Tangible fixed assets | 22/27 | €30,249 | €33,623 | +€3,374 | +11.2% |
| Plant, machinery and equipment | 23 | €431 | €8,988 | +€8,557 | +1,983% |
| Furniture and vehicles | 24 | €9,696 | €6,616 | -€3,080 | -31.8% |
| Other tangible fixed assets | 26 | €20,122 | €18,019 | -€2,103 | -10.5% |
| Financial fixed assets | 28 | €7,440 | €7,440 | = | 0.0% |
| Current assets | 29/58 | €65,246 | €64,785 | -€461 | -0.7% |
| Stocks and contracts in progress | 3 | €48,605 | €40,956 | -€7,649 | -15.7% |
| Stocks | 30/36 | €48,605 | €40,956 | -€7,649 | -15.7% |
| Amounts receivable within one year | 40/41 | €3,445 | €386 | -€3,060 | -88.8% |
| Trade receivables | 40 | €2,546 | €0 | -€2,546 | -100% |
| Other amounts receivable | 41 | €899 | €386 | -€513 | -57.1% |
| Current investments | 50/53 | €7,489 | €7,521 | +€31 | +0.4% |
| Cash at bank and in hand | 54/58 | €5,707 | €15,518 | +€9,811 | +172% |
| Deferred charges and accrued income | 490/1 | €0 | €405 | +€405 | |
| Total equity and liabilities | 10/49 | €102,935 | €105,848 | +€2,913 | +2.8% |
| Equity | 10/15 | -€13,288 | -€4,661 | +€8,627 | +64.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,288 | -€14,661 | +€8,627 | +37.0% |
| Amounts payable | 17/49 | €116,223 | €110,509 | -€5,714 | -4.9% |
| Amounts payable after more than one year | 17 | €68,737 | €48,344 | -€20,393 | -29.7% |
| Financial debts | 170/4 | €61,297 | €40,904 | -€20,393 | -33.3% |
| Other amounts payable | 178/9 | €7,440 | €7,440 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,477 | €45,441 | -€1,036 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €20,993 | €20,393 | -€599 | -2.9% |
| Financial debts | 43 | €3,622 | €2,561 | -€1,061 | -29.3% |
| Credit institutions | 430/8 | €3,622 | €2,561 | -€1,061 | -29.3% |
| Trade debts | 44 | €11,991 | €7,951 | -€4,039 | -33.7% |
| Suppliers | 440/4 | €11,991 | €7,951 | -€4,039 | -33.7% |
| Taxes, remuneration and social security | 45 | €839 | €2,929 | +€2,090 | +249% |
| Taxes | 450/3 | €839 | €2,929 | +€2,090 | +249% |
| Other amounts payable | 47/48 | €9,033 | €11,607 | +€2,574 | +28.5% |
| Accrued charges and deferred income | 492/3 | €1,009 | €16,724 | +€15,715 | +1,558% |
| Non-recurring operating income | 76A | €100 | €0 | -€100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,627 | €6,712 | +€1,085 | +19.3% |
| Other operating charges | 640/8 | €1,485 | €1,424 | -€62 | -4.1% |
| Non-recurring operating charges | 66A | €3,605 | €1,117 | -€2,488 | -69.0% |
| Gross operating margin | 9900 | -€31,324 | €21,451 | +€52,775 | |
| Operating profit (loss) | 9901 | -€42,041 | €12,198 | +€54,239 | |
| Financial income | 75/76B | €88 | €56 | -€33 | -37.0% |
| Recurring financial income | 75 | €88 | €56 | -€33 | -37.0% |
| Financial charges | 65/66B | €1,741 | €3,626 | +€1,886 | +108% |
| Recurring financial charges | 65 | €1,741 | €3,626 | +€1,886 | +108% |
| Profit (loss) for the period before taxes | 9903 | -€43,694 | €8,627 | +€52,321 | |
| Profit (loss) for the period | 9904 | -€43,694 | €8,627 | +€52,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,694 | €8,627 | +€52,321 |
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 31 October 2026 via checked.be.