Dr. De Coster NKO: 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 NKO
Largest movements
- Current investments +€60,000
up €60,000 (+70.6%), from €85,000 to €145,000
- Receivables within one year +€54,009
up €54,009 (+20.8%), from €259,200 to €313,209
of which Other amounts receivable: +€90,823
- Cash +€28,188
up €28,188 (+4.4%), from €637,261 to €665,448
mainly Net result for the year (+€199,886) and Depreciation (+€2,708)
- Reserves +€199,886
up €199,886 (+18.6%), from €1.1m to €1.3m
of which Tax-exempt reserves: +€126,300
- Trade debts -€19,891
down €19,891 (-96.4%), from €20,637 to €745
- Tax, wage and social debts -€18,903
down €18,903 (-26.8%), from €70,524 to €51,621
- Gross operating margin -€134,966
down €134,966 (-35.4%), from €381,435 to €246,469
- Taxes -€34,822
down €34,822 (-36.9%), from €94,243 to €59,421
- Financial income +€14,527
up €14,527 (+398.5%), from €3,646 to €18,172
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,198,506 | €1,359,652 | +€161,146 | +13.4% |
| Fixed assets | 21/28 | €10,544 | €20,810 | +€10,265 | +97.4% |
| Tangible fixed assets | 22/27 | €10,544 | €20,810 | +€10,265 | +97.4% |
| Plant, machinery and equipment | 23 | €4,924 | €4,222 | -€702 | -14.3% |
| Furniture and vehicles | 24 | €1,667 | €1,674 | +€6 | +0.4% |
| Other tangible fixed assets | 26 | €3,953 | €14,914 | +€10,961 | +277.3% |
| Current assets | 29/58 | €1,187,961 | €1,338,842 | +€150,881 | +12.7% |
| Amounts receivable within one year | 40/41 | €259,200 | €313,209 | +€54,009 | +20.8% |
| Trade receivables | 40 | €36,814 | €0 | -€36,814 | -100.0% |
| Other amounts receivable | 41 | €222,386 | €313,209 | +€90,823 | +40.8% |
| Current investments | 50/53 | €85,000 | €145,000 | +€60,000 | +70.6% |
| Cash at bank and in hand | 54/58 | €637,261 | €665,448 | +€28,188 | +4.4% |
| Deferred charges and accrued income | 490/1 | €206,501 | €215,185 | +€8,684 | +4.2% |
| Total equity and liabilities | 10/49 | €1,198,506 | €1,359,652 | +€161,146 | +13.4% |
| Equity | 10/15 | €1,076,901 | €1,276,787 | +€199,886 | +18.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,074,901 | €1,274,787 | +€199,886 | +18.6% |
| Tax-exempt reserves | 132 | €42,100 | €168,400 | +€126,300 | +300.0% |
| Distributable reserves | 133 | €1,032,801 | €1,106,387 | +€73,586 | +7.1% |
| Amounts payable | 17/49 | €121,605 | €82,865 | -€38,739 | -31.9% |
| Amounts payable within one year | 42/48 | €119,805 | €81,065 | -€38,739 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €28,644 | €28,699 | +€55 | +0.2% |
| Trade debts | 44 | €20,637 | €745 | -€19,891 | -96.4% |
| Suppliers | 440/4 | €20,637 | €745 | -€19,891 | -96.4% |
| Taxes, remuneration and social security | 45 | €70,524 | €51,621 | -€18,903 | -26.8% |
| Taxes | 450/3 | €70,524 | €51,621 | -€18,903 | -26.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,447 | €2,708 | +€1,261 | +87.1% |
| Other operating charges | 640/8 | €960 | €1,359 | +€399 | +41.6% |
| Gross operating margin | 9900 | €381,435 | €246,469 | -€134,966 | -35.4% |
| Operating profit (loss) | 9901 | €379,028 | €242,402 | -€136,626 | -36.0% |
| Financial income | 75/76B | €3,646 | €18,172 | +€14,527 | +398.5% |
| Recurring financial income | 75 | €3,646 | €18,172 | +€14,527 | +398.5% |
| Financial charges | 65/66B | -€1,158 | €1,268 | +€2,426 | |
| Recurring financial charges | 65 | -€1,158 | €1,268 | +€2,426 | |
| Profit (loss) for the period before taxes | 9903 | €383,832 | €259,307 | -€124,525 | -32.4% |
| Income taxes | 67/77 | €94,243 | €59,421 | -€34,822 | -36.9% |
| Profit (loss) for the period | 9904 | €289,589 | €199,886 | -€89,704 | -31.0% |
| Transfer to tax-exempt reserves | 689 | €0 | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €289,589 | €73,586 | -€216,004 | -74.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.