DE KONINCK: 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 KONINCK
Largest movements
- Receivables within one year -€32,548
down €32,548 (-48.3%), from €67,403 to €34,855
of which Other amounts receivable: -€43,083
- Tangible fixed assets -€19,399
down €19,399 (-23.6%), from €82,224 to €62,826
of which Leasing and similar rights: -€63,129
- Cash +€14,890
up €14,890 (+29.1%), from €51,228 to €66,118
mainly Receivables within one year (+€32,548) and Debts after one year (+€27,963)
- Stocks and contracts -€6,376
down €6,376 (-11.6%), from €55,199 to €48,823
- Deferred charges and accrued income +€6,078
up €6,078 (+41.8%), from €14,547 to €20,626
- Current portion of long-term debt -€30,742
down €30,742 (-51.2%), from €60,067 to €29,325
- Debts after one year +€27,963
new in 2025: €27,963
- Trade debts -€26,280
down €26,280 (-16.8%), from €156,682 to €130,402
- Short-term financial debts -€8,720
down €8,720 (-21.4%), from €40,837 to €32,116
- Tax, wage and social debts +€4,611
up €4,611 (+20.0%), from €23,042 to €27,653
of which Remuneration and social security: +€4,025
- Provisions -€41,500
new in 2025: -€41,500
- Gross operating margin +€41,109
up €41,109 (+16.5%), from €249,223 to €290,332
- Financial charges +€20,244
up €20,244 (+95.2%), from €21,254 to €41,498
- Depreciation -€3,006
down €3,006 (-19.4%), from €15,471 to €12,465
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 | €271,432 | €234,078 | -€37,354 | -13.8% |
| Fixed assets | 21/28 | €83,055 | €63,656 | -€19,399 | -23.4% |
| Tangible fixed assets | 22/27 | €82,224 | €62,826 | -€19,399 | -23.6% |
| Plant, machinery and equipment | 23 | €3,435 | €61,845 | +€58,410 | +1,701% |
| Furniture and vehicles | 24 | €15,661 | €981 | -€14,680 | -93.7% |
| Leasing and similar rights | 25 | €63,129 | - | -€63,129 | |
| Financial fixed assets | 28 | €830 | €830 | = | 0.0% |
| Current assets | 29/58 | €188,377 | €170,422 | -€17,956 | -9.5% |
| Stocks and contracts in progress | 3 | €55,199 | €48,823 | -€6,376 | -11.6% |
| Stocks | 30/36 | €55,199 | €48,823 | -€6,376 | -11.6% |
| Amounts receivable within one year | 40/41 | €67,403 | €34,855 | -€32,548 | -48.3% |
| Trade receivables | 40 | €13,580 | €24,115 | +€10,535 | +77.6% |
| Other amounts receivable | 41 | €53,824 | €10,740 | -€43,083 | -80.0% |
| Cash at bank and in hand | 54/58 | €51,228 | €66,118 | +€14,890 | +29.1% |
| Deferred charges and accrued income | 490/1 | €14,547 | €20,626 | +€6,078 | +41.8% |
| Total equity and liabilities | 10/49 | €271,432 | €234,078 | -€37,354 | -13.8% |
| Equity | 10/15 | -€9,249 | -€13,423 | -€4,174 | -45.1% |
| Contributions | 10/11 | €38,750 | €38,750 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,048 | -€52,222 | -€4,174 | -8.7% |
| Amounts payable | 17/49 | €280,681 | €247,501 | -€33,180 | -11.8% |
| Amounts payable after more than one year | 17 | - | €27,963 | +€27,963 | |
| Financial debts | 170/4 | - | €27,963 | +€27,963 | |
| Amounts payable within one year | 42/48 | €280,628 | €219,496 | -€61,131 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €60,067 | €29,325 | -€30,742 | -51.2% |
| Financial debts | 43 | €40,837 | €32,116 | -€8,720 | -21.4% |
| Credit institutions | 430/8 | €40,837 | €32,116 | -€8,720 | -21.4% |
| Trade debts | 44 | €156,682 | €130,402 | -€26,280 | -16.8% |
| Suppliers | 440/4 | €156,682 | €130,402 | -€26,280 | -16.8% |
| Taxes, remuneration and social security | 45 | €23,042 | €27,653 | +€4,611 | +20.0% |
| Taxes | 450/3 | €3,366 | €3,952 | +€586 | +17.4% |
| Remuneration and social security | 454/9 | €19,676 | €23,700 | +€4,025 | +20.5% |
| Accrued charges and deferred income | 492/3 | €53 | €42 | -€11 | -21.4% |
| Remuneration, social security and pensions | 62 | €196,535 | €194,346 | -€2,189 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,471 | €12,465 | -€3,006 | -19.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€41,500 | -€41,500 | |
| Other operating charges | 640/8 | €1,322 | €3,833 | +€2,511 | +190% |
| Non-recurring operating charges | 66A | €353 | €84,020 | +€83,666 | +23,691% |
| Gross operating margin | 9900 | €249,223 | €290,332 | +€41,109 | +16.5% |
| Operating profit (loss) | 9901 | €35,542 | €37,168 | +€1,627 | +4.6% |
| Financial income | 75/76B | €900 | €801 | -€99 | -11.0% |
| Recurring financial income | 75 | €900 | €801 | -€99 | -11.0% |
| Financial charges | 65/66B | €21,254 | €41,498 | +€20,244 | +95.2% |
| Recurring financial charges | 65 | €21,254 | €41,498 | +€20,244 | +95.2% |
| Profit (loss) for the period before taxes | 9903 | €15,187 | -€3,529 | -€18,716 | |
| Income taxes | 67/77 | €1,350 | €645 | -€705 | -52.2% |
| Profit (loss) for the period | 9904 | €13,837 | -€4,174 | -€18,011 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,837 | -€4,174 | -€18,011 |
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 19 October 2026 via checked.be.