Dr. De Coster Margot: 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.
Dr. De Coster Margot
Largest movements
- Cash +€93,047
up €93,047 (+87.9%), from €105,901 to €198,949
mainly Net result for the year (+€244,354) and Tax, wage and social debts (+€7,913)
- Receivables within one year -€7,604
down €7,604 (-89.3%), from €8,513 to €909
- Reserves +€74,003
up €74,003 (+43.4%), from €170,351 to €244,354
- Tax, wage and social debts +€7,913
new in 2025: €7,913
- Trade debts +€2,993
up €2,993 (+10,670%), from €28 to €3,021
- Gross operating margin +€104,647
up €104,647 (+46.8%), from €223,780 to €328,427
- Taxes +€31,074
up €31,074 (+59.9%), from €51,897 to €82,971
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 | €177,471 | €261,288 | +€83,818 | +47.2% |
| Fixed assets | 21/28 | €4,740 | €3,858 | -€882 | -18.6% |
| Tangible fixed assets | 22/27 | €4,740 | €3,858 | -€882 | -18.6% |
| Plant, machinery and equipment | 23 | €4,721 | €3,858 | -€863 | -18.3% |
| Furniture and vehicles | 24 | €19 | - | -€19 | |
| Current assets | 29/58 | €172,731 | €257,430 | +€84,699 | +49.0% |
| Amounts receivable within one year | 40/41 | €8,513 | €909 | -€7,604 | -89.3% |
| Other amounts receivable | 41 | €8,513 | €909 | -€7,604 | -89.3% |
| Cash at bank and in hand | 54/58 | €105,901 | €198,949 | +€93,047 | +87.9% |
| Deferred charges and accrued income | 490/1 | €58,316 | €57,572 | -€744 | -1.3% |
| Total equity and liabilities | 10/49 | €177,471 | €261,288 | +€83,818 | +47.2% |
| Equity | 10/15 | €176,351 | €250,354 | +€74,003 | +42.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €170,351 | €244,354 | +€74,003 | +43.4% |
| Distributable reserves | 133 | €170,351 | €244,354 | +€74,003 | +43.4% |
| Amounts payable | 17/49 | €1,119 | €10,934 | +€9,814 | +877% |
| Amounts payable within one year | 42/48 | €278 | €10,934 | +€10,656 | +3,832% |
| Trade debts | 44 | €28 | €3,021 | +€2,993 | +10,670% |
| Suppliers | 440/4 | €28 | €3,021 | +€2,993 | +10,670% |
| Taxes, remuneration and social security | 45 | - | €7,913 | +€7,913 | |
| Taxes | 450/3 | - | €7,913 | +€7,913 | |
| Other amounts payable | 47/48 | €250 | - | -€250 | |
| Accrued charges and deferred income | 492/3 | €841 | - | -€841 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086 | €882 | -€204 | -18.8% |
| Other operating charges | 640/8 | €256 | €144 | -€111 | -43.6% |
| Gross operating margin | 9900 | €223,780 | €328,427 | +€104,647 | +46.8% |
| Operating profit (loss) | 9901 | €222,438 | €327,401 | +€104,962 | +47.2% |
| Financial income | 75/76B | €265 | €144 | -€121 | -45.5% |
| Recurring financial income | 75 | €265 | €144 | -€121 | -45.5% |
| Financial charges | 65/66B | €205 | €220 | +€15 | +7.3% |
| Recurring financial charges | 65 | €205 | €220 | +€15 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €222,498 | €327,325 | +€104,827 | +47.1% |
| Income taxes | 67/77 | €51,897 | €82,971 | +€31,074 | +59.9% |
| Profit (loss) for the period | 9904 | €170,601 | €244,354 | +€73,753 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €170,601 | €244,354 | +€73,753 | +43.2% |
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 26 October 2026 via checked.be.