DR. COUCKE LISA: what changed
DR. COUCKE LISA
Largest movements
- Cash +€36,587
up €36,587 (+96.4%), from €37,958 to €74,545
mainly Net result for the year (+€74,749) and Depreciation (+€29,769)
- Tangible fixed assets -€26,951
down €26,951 (-4.3%), from €625,032 to €598,081
of which Land and buildings: -€27,890
- Receivables within one year +€11,610
up €11,610 (+139%), from €8,334 to €19,944
of which Trade receivables: +€10,553
- Deferred charges and accrued income -€7,993
down €7,993 (-16.6%), from €48,024 to €40,031
- Reserves +€74,749
up €74,749, from €0 to €74,749
- Other debts -€38,826
down €38,826 (-35.6%), from €109,073 to €70,247
- Tax, wage and social debts -€15,813
down €15,813 (-83.1%), from €19,023 to €3,210
- Debts after one year -€11,007
down €11,007 (-2.1%), from €516,233 to €505,226
of which Financial debts: -€11,007
- Current portion of long-term debt +€10,047
up €10,047 (+32.5%), from €30,960 to €41,007
- Gross operating margin -€3,856
down €3,856 (-2.6%), from €148,419 to €144,563
- Financial charges -€2,274
down €2,274 (-26.8%), from €8,495 to €6,221
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €731,848 | €742,601 | +€10,753 | +1.5% |
| Fixed assets | 21/28 | €637,532 | €608,081 | -€29,451 | -4.6% |
| Tangible fixed assets | 22/27 | €625,032 | €598,081 | -€26,951 | -4.3% |
| Land and buildings | 22 | €620,821 | €592,931 | -€27,890 | -4.5% |
| Plant, machinery and equipment | 23 | €2,858 | €2,565 | -€292 | -10.2% |
| Furniture and vehicles | 24 | €1,354 | €2,585 | +€1,231 | +91.0% |
| Financial fixed assets | 28 | €12,500 | €10,000 | -€2,500 | -20.0% |
| Current assets | 29/58 | €94,316 | €134,520 | +€40,204 | +42.6% |
| Amounts receivable within one year | 40/41 | €8,334 | €19,944 | +€11,610 | +139% |
| Trade receivables | 40 | - | €10,553 | +€10,553 | |
| Other amounts receivable | 41 | €8,334 | €9,391 | +€1,057 | +12.7% |
| Cash at bank and in hand | 54/58 | €37,958 | €74,545 | +€36,587 | +96.4% |
| Deferred charges and accrued income | 490/1 | €48,024 | €40,031 | -€7,993 | -16.6% |
| Total equity and liabilities | 10/49 | €731,848 | €742,601 | +€10,753 | +1.5% |
| Equity | 10/15 | €19,005 | €93,754 | +€74,749 | +393% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €74,749 | +€74,749 | |
| Distributable reserves | 133 | €0 | €74,749 | +€74,749 | |
| Profit (loss) carried forward | 14 | €405 | €405 | = | 0.0% |
| Amounts payable | 17/49 | €712,843 | €648,847 | -€63,996 | -9.0% |
| Amounts payable after more than one year | 17 | €516,233 | €505,226 | -€11,007 | -2.1% |
| Financial debts | 170/4 | €516,233 | €505,226 | -€11,007 | -2.1% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €159,629 | €115,268 | -€44,361 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €30,960 | €41,007 | +€10,047 | +32.5% |
| Trade debts | 44 | €573 | €804 | +€231 | +40.3% |
| Suppliers | 440/4 | €573 | €804 | +€231 | +40.3% |
| Taxes, remuneration and social security | 45 | €19,023 | €3,210 | -€15,813 | -83.1% |
| Taxes | 450/3 | €19,023 | €3,210 | -€15,813 | -83.1% |
| Other amounts payable | 47/48 | €109,073 | €70,247 | -€38,826 | -35.6% |
| Accrued charges and deferred income | 492/3 | €36,982 | €28,353 | -€8,628 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,677 | €29,769 | +€92 | +0.3% |
| Other operating charges | 640/8 | €5,447 | €5,614 | +€167 | +3.1% |
| Gross operating margin | 9900 | €148,419 | €144,563 | -€3,856 | -2.6% |
| Operating profit (loss) | 9901 | €113,295 | €109,180 | -€4,115 | -3.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,495 | €6,221 | -€2,274 | -26.8% |
| Recurring financial charges | 65 | €8,495 | €6,221 | -€2,274 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €104,801 | €102,960 | -€1,841 | -1.8% |
| Income taxes | 67/77 | €28,454 | €28,210 | -€244 | -0.9% |
| Profit (loss) for the period | 9904 | €76,347 | €74,749 | -€1,598 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,347 | €74,749 | -€1,598 | -2.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.