ERIK DE KOCK: 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.
ERIK DE KOCK
Largest movements
- Tangible fixed assets -€21,941
down €21,941 (-48.8%), from €44,993 to €23,052
of which Other tangible fixed assets: -€20,956
- Cash +€10,285
up €10,285 (+22.5%), from €45,642 to €55,927
mainly Depreciation (+€21,941) and Receivables within one year (+€4,080)
- Receivables within one year -€4,080
down €4,080 (-47.0%), from €8,691 to €4,611
of which Other amounts receivable: -€3,500
- Debts after one year -€17,121
down €17,121 (-79.5%), from €21,538 to €4,417
- Reserves +€4,058
up €4,058 (+3.1%), from €130,321 to €134,379
of which Distributable reserves: +€4,058
- Gross operating margin -€4,889
down €4,889 (-13.0%), from €37,632 to €32,743
- Financial income +€4,574
up €4,574 (+457,400%), from €1 to €4,575
- Financial charges -€832
down €832 (-25.0%), from €3,325 to €2,493
- Taxes +€464
up €464 (+32.4%), from €1,435 to €1,899
- Other operating charges +€416
up €416 (+6.4%), from €6,510 to €6,927
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 | €249,734 | €233,922 | -€15,812 | -6.3% |
| Fixed assets | 21/28 | €44,993 | €23,052 | -€21,941 | -48.8% |
| Tangible fixed assets | 22/27 | €44,993 | €23,052 | -€21,941 | -48.8% |
| Furniture and vehicles | 24 | €1,265 | €279 | -€985 | -77.9% |
| Other tangible fixed assets | 26 | €43,728 | €22,772 | -€20,956 | -47.9% |
| Current assets | 29/58 | €204,741 | €210,870 | +€6,130 | +3.0% |
| Amounts receivable within one year | 40/41 | €8,691 | €4,611 | -€4,080 | -47.0% |
| Trade receivables | 40 | €581 | €0 | -€581 | -100% |
| Other amounts receivable | 41 | €8,110 | €4,611 | -€3,500 | -43.2% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,642 | €55,927 | +€10,285 | +22.5% |
| Deferred charges and accrued income | 490/1 | €408 | €333 | -€75 | -18.4% |
| Total equity and liabilities | 10/49 | €249,734 | €233,922 | -€15,812 | -6.3% |
| Equity | 10/15 | €192,321 | €196,379 | +€4,058 | +2.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €130,321 | €134,379 | +€4,058 | +3.1% |
| Non-distributable reserves | 130/1 | €14,750 | €14,750 | = | 0.0% |
| Legal reserve | 130 | €14,750 | €14,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €102,571 | €106,629 | +€4,058 | +4.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €57,413 | €37,543 | -€19,870 | -34.6% |
| Amounts payable after more than one year | 17 | €21,538 | €4,417 | -€17,121 | -79.5% |
| Financial debts | 170/4 | €21,538 | €4,417 | -€17,121 | -79.5% |
| Amounts payable within one year | 42/48 | €35,875 | €33,031 | -€2,844 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €16,276 | €17,121 | +€845 | +5.2% |
| Trade debts | 44 | €2,110 | €167 | -€1,943 | -92.1% |
| Suppliers | 440/4 | €2,110 | €167 | -€1,943 | -92.1% |
| Taxes, remuneration and social security | 45 | €3,786 | €2,325 | -€1,461 | -38.6% |
| Taxes | 450/3 | €3,786 | €2,325 | -€1,461 | -38.6% |
| Other amounts payable | 47/48 | €13,703 | €13,418 | -€285 | -2.1% |
| Accrued charges and deferred income | 492/3 | - | €95 | +€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,941 | €21,941 | +€0 | 0.0% |
| Other operating charges | 640/8 | €6,510 | €6,927 | +€416 | +6.4% |
| Gross operating margin | 9900 | €37,632 | €32,743 | -€4,889 | -13.0% |
| Operating profit (loss) | 9901 | €9,181 | €3,875 | -€5,306 | -57.8% |
| Financial income | 75/76B | €1 | €4,575 | +€4,574 | +457,400% |
| Recurring financial income | 75 | €1 | €4,575 | +€4,574 | +457,400% |
| Financial charges | 65/66B | €3,325 | €2,493 | -€832 | -25.0% |
| Recurring financial charges | 65 | €3,325 | €2,493 | -€832 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €5,857 | €5,957 | +€101 | +1.7% |
| Income taxes | 67/77 | €1,435 | €1,899 | +€464 | +32.4% |
| Profit (loss) for the period | 9904 | €4,422 | €4,058 | -€364 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,422 | €4,058 | -€364 | -8.2% |
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 19 October 2026 via checked.be.