DR. DE COCK: what changed
DR. DE COCK
Largest movements
- Cash -€19,321
down €19,321 (-3.4%), from €568,945 to €549,625
mainly Contributions, distributions and other (-€92,073) and Tax, wage and social debts (-€23,946)
- Receivables within one year -€9,475
down €9,475 (-100%), from €9,475 to €0
- Tangible fixed assets -€8,564
down €8,564 (-12.9%), from €66,579 to €58,015
of which Furniture and vehicles: -€12,909
- Tax, wage and social debts -€23,946
down €23,946 (-88.9%), from €26,944 to €2,999
- Reserves -€10,039
down €10,039 (-2.0%), from €509,079 to €499,041
of which Distributable reserves: -€10,039
- Gross operating margin +€28,620
up €28,620 (+27.8%), from €102,949 to €131,569
- Taxes +€5,737
up €5,737 (+21.3%), from €26,944 to €32,681
- Depreciation -€2,650
down €2,650 (-14.7%), from €17,989 to €15,340
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 | €647,523 | €609,267 | -€38,256 | -5.9% |
| Fixed assets | 21/28 | €66,579 | €58,015 | -€8,564 | -12.9% |
| Tangible fixed assets | 22/27 | €66,579 | €58,015 | -€8,564 | -12.9% |
| Plant, machinery and equipment | 23 | €1,977 | €1,255 | -€721 | -36.5% |
| Furniture and vehicles | 24 | €49,006 | €36,097 | -€12,909 | -26.3% |
| Other tangible fixed assets | 26 | €15,596 | €20,663 | +€5,066 | +32.5% |
| Current assets | 29/58 | €580,945 | €551,252 | -€29,692 | -5.1% |
| Amounts receivable within one year | 40/41 | €9,475 | €0 | -€9,475 | -100% |
| Other amounts receivable | 41 | €9,475 | €0 | -€9,475 | -100% |
| Cash at bank and in hand | 54/58 | €568,945 | €549,625 | -€19,321 | -3.4% |
| Deferred charges and accrued income | 490/1 | €2,524 | €1,628 | -€896 | -35.5% |
| Total equity and liabilities | 10/49 | €647,523 | €609,267 | -€38,256 | -5.9% |
| Equity | 10/15 | €527,679 | €517,641 | -€10,039 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €509,079 | €499,041 | -€10,039 | -2.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €507,219 | €497,181 | -€10,039 | -2.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €119,844 | €91,627 | -€28,217 | -23.5% |
| Amounts payable within one year | 42/48 | €119,844 | €91,627 | -€28,217 | -23.5% |
| Trade debts | 44 | €2,032 | €195 | -€1,838 | -90.4% |
| Suppliers | 440/4 | €2,032 | €195 | -€1,838 | -90.4% |
| Taxes, remuneration and social security | 45 | €26,944 | €2,999 | -€23,946 | -88.9% |
| Taxes | 450/3 | €26,944 | €2,999 | -€23,946 | -88.9% |
| Other amounts payable | 47/48 | €90,868 | €88,434 | -€2,434 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,989 | €15,340 | -€2,650 | -14.7% |
| Other operating charges | 640/8 | €667 | €1,416 | +€750 | +112% |
| Gross operating margin | 9900 | €102,949 | €131,569 | +€28,620 | +27.8% |
| Operating profit (loss) | 9901 | €84,292 | €114,813 | +€30,520 | +36.2% |
| Financial income | 75/76B | €23 | €0 | -€23 | -100% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -100% |
| Financial charges | 65/66B | €341 | €97 | -€244 | -71.6% |
| Recurring financial charges | 65 | €341 | €97 | -€244 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €83,974 | €114,716 | +€30,742 | +36.6% |
| Income taxes | 67/77 | €26,944 | €32,681 | +€5,737 | +21.3% |
| Profit (loss) for the period | 9904 | €57,030 | €82,034 | +€25,005 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,030 | €82,034 | +€25,005 | +43.8% |
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 4 November 2026 via checked.be.