De Kock Marc: 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 Kock Marc
Largest movements
- Current investments +€35,016
up €35,016 (+63.7%), from €54,984 to €90,000
- Tangible fixed assets -€23,326
down €23,326 (-31.8%), from €73,285 to €49,959
of which Plant, machinery and equipment: -€25,001
- Debts after one year -€15,996
down €15,996 (-69.3%), from €23,098 to €7,102
- Reserves +€14,286
up €14,286 (+14.1%), from €101,153 to €115,439
of which Distributable reserves: +€14,286
- Other debts +€11,787
up €11,787 (+33.5%), from €35,156 to €46,943
- Accrued charges and deferred income +€4,971
up €4,971 (+30.5%), from €16,318 to €21,289
- Current portion of long-term debt -€2,268
down €2,268 (-12.4%), from €18,264 to €15,996
- Gross operating margin -€28,098
down €28,098 (-33.8%), from €83,096 to €54,998
- Taxes -€4,167
down €4,167 (-28.7%), from €14,542 to €10,375
- Depreciation -€1,746
down €1,746 (-6.0%), from €29,282 to €27,536
- Financial income +€914
up €914 (+143%), from €641 to €1,555
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 | €209,581 | €220,030 | +€10,449 | +5.0% |
| Fixed assets | 21/28 | €73,285 | €49,959 | -€23,326 | -31.8% |
| Tangible fixed assets | 22/27 | €73,285 | €49,959 | -€23,326 | -31.8% |
| Plant, machinery and equipment | 23 | €67,382 | €42,381 | -€25,001 | -37.1% |
| Furniture and vehicles | 24 | €5,903 | €7,578 | +€1,674 | +28.4% |
| Current assets | 29/58 | €136,295 | €170,071 | +€33,776 | +24.8% |
| Amounts receivable within one year | 40/41 | €2,306 | €1,740 | -€566 | -24.5% |
| Other amounts receivable | 41 | €2,306 | €1,740 | -€566 | -24.5% |
| Current investments | 50/53 | €54,984 | €90,000 | +€35,016 | +63.7% |
| Cash at bank and in hand | 54/58 | €72,119 | €72,777 | +€658 | +0.9% |
| Deferred charges and accrued income | 490/1 | €6,887 | €5,554 | -€1,333 | -19.4% |
| Total equity and liabilities | 10/49 | €209,581 | €220,030 | +€10,449 | +5.0% |
| Equity | 10/15 | €106,050 | €120,336 | +€14,286 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,153 | €115,439 | +€14,286 | +14.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €101,153 | €115,439 | +€14,286 | +14.1% |
| Profit (loss) carried forward | 14 | -€1,303 | -€1,303 | = | 0.0% |
| Amounts payable | 17/49 | €103,531 | €99,694 | -€3,837 | -3.7% |
| Amounts payable after more than one year | 17 | €23,098 | €7,102 | -€15,996 | -69.3% |
| Financial debts | 170/4 | €23,098 | €7,102 | -€15,996 | -69.3% |
| Amounts payable within one year | 42/48 | €64,114 | €71,303 | +€7,188 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €18,264 | €15,996 | -€2,268 | -12.4% |
| Trade debts | 44 | €2,383 | €197 | -€2,187 | -91.7% |
| Suppliers | 440/4 | €2,383 | €197 | -€2,187 | -91.7% |
| Taxes, remuneration and social security | 45 | €8,311 | €8,167 | -€144 | -1.7% |
| Taxes | 450/3 | €4,673 | €4,529 | -€144 | -3.1% |
| Remuneration and social security | 454/9 | €3,638 | €3,638 | = | 0.0% |
| Other amounts payable | 47/48 | €35,156 | €46,943 | +€11,787 | +33.5% |
| Accrued charges and deferred income | 492/3 | €16,318 | €21,289 | +€4,971 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,282 | €27,536 | -€1,746 | -6.0% |
| Other operating charges | 640/8 | €597 | €382 | -€215 | -36.1% |
| Gross operating margin | 9900 | €83,096 | €54,998 | -€28,098 | -33.8% |
| Operating profit (loss) | 9901 | €53,217 | €27,081 | -€26,136 | -49.1% |
| Financial income | 75/76B | €641 | €1,555 | +€914 | +143% |
| Recurring financial income | 75 | €641 | €1,555 | +€914 | +143% |
| Financial charges | 65/66B | €4,546 | €3,975 | -€571 | -12.6% |
| Recurring financial charges | 65 | €4,546 | €3,975 | -€571 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €49,312 | €24,662 | -€24,650 | -50.0% |
| Income taxes | 67/77 | €14,542 | €10,375 | -€4,167 | -28.7% |
| Profit (loss) for the period | 9904 | €34,770 | €14,286 | -€20,483 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,770 | €14,286 | -€20,483 | -58.9% |
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 15 October 2026 via checked.be.