DR. J. KOCKX: 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. J. KOCKX
Largest movements
- Current investments -€125,000
down €125,000 (-100%), from €125,000 to €0
- Cash +€52,849
up €52,849 (+254%), from €20,829 to €73,677
mainly Current investments (+€125,000) and Net result for the year (+€81,282)
- Tangible fixed assets +€7,244
up €7,244 (+137%), from €5,286 to €12,530
of which Plant, machinery and equipment: +€6,312
- Reserves -€135,618
down €135,618 (-99.9%), from €135,695 to €77
- Other debts +€73,864
up €73,864 (+6,422,943%), from €1 to €73,865
- Gross operating margin +€15,258
up €15,258 (+16.5%), from €92,685 to €107,943
- Taxes +€3,194
up €3,194 (+18.1%), from €17,676 to €20,870
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,864 | €92,263 | -€64,601 | -41.2% |
| Formation expenses | 20 | €1,765 | €1,074 | -€691 | -39.2% |
| Fixed assets | 21/28 | €5,286 | €12,530 | +€7,244 | +137% |
| Tangible fixed assets | 22/27 | €5,286 | €12,530 | +€7,244 | +137% |
| Plant, machinery and equipment | 23 | €2,872 | €9,184 | +€6,312 | +220% |
| Furniture and vehicles | 24 | €2,414 | €3,346 | +€932 | +38.6% |
| Current assets | 29/58 | €149,813 | €78,659 | -€71,153 | -47.5% |
| Amounts receivable within one year | 40/41 | €0 | €498 | +€498 | |
| Other amounts receivable | 41 | €0 | €498 | +€498 | |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100% |
| Cash at bank and in hand | 54/58 | €20,829 | €73,677 | +€52,849 | +254% |
| Deferred charges and accrued income | 490/1 | €3,984 | €4,484 | +€499 | +12.5% |
| Total equity and liabilities | 10/49 | €156,864 | €92,263 | -€64,601 | -41.2% |
| Equity | 10/15 | €137,695 | €2,077 | -€135,618 | -98.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €135,695 | €77 | -€135,618 | -99.9% |
| Distributable reserves | 133 | €135,695 | €77 | -€135,618 | -99.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,169 | €90,186 | +€71,017 | +370% |
| Amounts payable within one year | 42/48 | €19,169 | €90,186 | +€71,017 | +370% |
| Trade debts | 44 | €1,557 | €237 | -€1,320 | -84.8% |
| Suppliers | 440/4 | €1,557 | €237 | -€1,320 | -84.8% |
| Taxes, remuneration and social security | 45 | €17,611 | €16,084 | -€1,526 | -8.7% |
| Taxes | 450/3 | €17,611 | €16,084 | -€1,526 | -8.7% |
| Other amounts payable | 47/48 | €1 | €73,865 | +€73,864 | +6,422,943% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,178 | €4,352 | +€174 | +4.2% |
| Other operating charges | 640/8 | €191 | €593 | +€402 | +210% |
| Gross operating margin | 9900 | €92,685 | €107,943 | +€15,258 | +16.5% |
| Operating profit (loss) | 9901 | €88,316 | €102,998 | +€14,682 | +16.6% |
| Financial income | 75/76B | €220 | €1,070 | +€850 | +386% |
| Recurring financial income | 75 | €220 | €1,070 | +€850 | +386% |
| Financial charges | 65/66B | €2,370 | €1,915 | -€455 | -19.2% |
| Recurring financial charges | 65 | €2,370 | €1,915 | -€455 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €86,166 | €102,152 | +€15,987 | +18.6% |
| Income taxes | 67/77 | €17,676 | €20,870 | +€3,194 | +18.1% |
| Profit (loss) for the period | 9904 | €68,490 | €81,282 | +€12,792 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,490 | €81,282 | +€12,792 | +18.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.