Dr Le Cocq: 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 Le Cocq
Largest movements
- Cash +€119,803
up €119,803 (+87.0%), from €137,757 to €257,560
mainly Net result for the year (+€106,882) and Tax, wage and social debts (+€33,736)
- Receivables within one year +€39,867
up €39,867 (+123%), from €32,467 to €72,334
of which Other amounts receivable: +€41,938
- Tangible fixed assets -€15,714
down €15,714 (-41.6%), from €37,773 to €22,059
- Profit (loss) carried forward +€106,882
up €106,882 (+68.1%), from €157,022 to €263,904
- Tax, wage and social debts +€33,736
up €33,736 (+68.6%), from €49,210 to €82,945
- Contributions +€5,000
new in 2025: €5,000
- Gross operating margin -€63,115
down €63,115 (-28.1%), from €224,796 to €161,682
- Taxes -€15,313
down €15,313 (-31.1%), from €49,210 to €33,896
- Other operating charges +€2,715
up €2,715 (+1,226%), from €222 to €2,937
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 | €207,997 | €351,985 | +€143,987 | +69.2% |
| Fixed assets | 21/28 | €37,773 | €22,059 | -€15,714 | -41.6% |
| Tangible fixed assets | 22/27 | €37,773 | €22,059 | -€15,714 | -41.6% |
| Plant, machinery and equipment | 23 | €14,920 | €7,461 | -€7,459 | -50.0% |
| Furniture and vehicles | 24 | €18,567 | €12,219 | -€6,348 | -34.2% |
| Other tangible fixed assets | 26 | €4,287 | €2,378 | -€1,908 | -44.5% |
| Current assets | 29/58 | €170,224 | €329,926 | +€159,702 | +93.8% |
| Amounts receivable within one year | 40/41 | €32,467 | €72,334 | +€39,867 | +123% |
| Trade receivables | 40 | €25,596 | €23,525 | -€2,071 | -8.1% |
| Other amounts receivable | 41 | €6,871 | €48,809 | +€41,938 | +610% |
| Cash at bank and in hand | 54/58 | €137,757 | €257,560 | +€119,803 | +87.0% |
| Deferred charges and accrued income | 490/1 | - | €32 | +€32 | |
| Total equity and liabilities | 10/49 | €207,997 | €351,985 | +€143,987 | +69.2% |
| Equity | 10/15 | €157,022 | €268,904 | +€111,882 | +71.3% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €157,022 | €263,904 | +€106,882 | +68.1% |
| Amounts payable | 17/49 | €50,975 | €83,081 | +€32,106 | +63.0% |
| Amounts payable within one year | 42/48 | €50,975 | €83,081 | +€32,106 | +63.0% |
| Trade debts | 44 | €1,765 | €136 | -€1,630 | -92.3% |
| Suppliers | 440/4 | €1,765 | €136 | -€1,630 | -92.3% |
| Taxes, remuneration and social security | 45 | €49,210 | €82,945 | +€33,736 | +68.6% |
| Taxes | 450/3 | €49,210 | €82,945 | +€33,736 | +68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,876 | €19,328 | +€1,453 | +8.1% |
| Other operating charges | 640/8 | €222 | €2,937 | +€2,715 | +1,226% |
| Gross operating margin | 9900 | €224,796 | €161,682 | -€63,115 | -28.1% |
| Operating profit (loss) | 9901 | €206,699 | €139,416 | -€67,283 | -32.6% |
| Financial income | 75/76B | €208 | €1,972 | +€1,764 | +847% |
| Recurring financial income | 75 | €208 | €1,972 | +€1,764 | +847% |
| Financial charges | 65/66B | €675 | €611 | -€65 | -9.6% |
| Recurring financial charges | 65 | €675 | €611 | -€65 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €206,232 | €140,778 | -€65,454 | -31.7% |
| Income taxes | 67/77 | €49,210 | €33,896 | -€15,313 | -31.1% |
| Profit (loss) for the period | 9904 | €157,022 | €106,882 | -€50,141 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €157,022 | €106,882 | -€50,141 | -31.9% |
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 19 October 2026 via checked.be.