F. Docq: 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.
F. Docq
Largest movements
- Cash -€44,449
down €44,449 (-34.1%), from €130,301 to €85,852
mainly Contributions, distributions and other (-€200,000) and Investment in fixed assets (net) (-€182,004)
- Receivables within one year +€20,601
up €20,601 (+6.6%), from €314,249 to €334,850
- Tangible fixed assets +€14,127
up €14,127 (+1.9%), from €739,953 to €754,081
of which Furniture and vehicles: +€28,613
- Other debts +€179,376
up €179,376 (+11062.4%), from €1,621 to €180,997
- Profit (loss) carried forward -€157,900
down €157,900, from €5,736 to -€152,164
- Trade debts -€18,929
down €18,929 (-27.1%), from €69,819 to €50,890
- Debts after one year -€18,905
down €18,905 (-2.8%), from €664,583 to €645,677
- Current portion of long-term debt +€18,778
up €18,778 (+16.5%), from €114,144 to €132,922
- Depreciation +€57,616
up €57,616 (+52.3%), from €110,260 to €167,876
- Gross operating margin -€50,121
down €50,121 (-14.5%), from €346,765 to €296,644
- Staff costs -€32,592
down €32,592 (-88.0%), from €37,044 to €4,452
- Taxes -€25,932
down €25,932 (-62.1%), from €41,754 to €15,822
- Other operating charges +€7,553
up €7,553 (+33.5%), from €22,533 to €30,086
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.
Cash bridge derived
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 | €1,202,055 | €1,197,008 | -€5,047 | -0.4% |
| Fixed assets | 21/28 | €739,953 | €754,081 | +€14,127 | +1.9% |
| Tangible fixed assets | 22/27 | €739,953 | €754,081 | +€14,127 | +1.9% |
| Land and buildings | 22 | €413,748 | €390,748 | -€23,000 | -5.6% |
| Plant, machinery and equipment | 23 | €5,300 | €13,815 | +€8,515 | +160.7% |
| Furniture and vehicles | 24 | €320,906 | €349,518 | +€28,613 | +8.9% |
| Current assets | 29/58 | €462,102 | €442,927 | -€19,175 | -4.1% |
| Amounts receivable within one year | 40/41 | €314,249 | €334,850 | +€20,601 | +6.6% |
| Trade receivables | 40 | €314,249 | €334,850 | +€20,601 | +6.6% |
| Cash at bank and in hand | 54/58 | €130,301 | €85,852 | -€44,449 | -34.1% |
| Deferred charges and accrued income | 490/1 | €17,552 | €22,225 | +€4,673 | +26.6% |
| Total equity and liabilities | 10/49 | €1,202,055 | €1,197,008 | -€5,047 | -0.4% |
| Equity | 10/15 | €247,103 | €89,202 | -€157,900 | -63.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,766 | €222,766 | = | 0.0% |
| Non-distributable reserves | 130/1 | €766 | €766 | = | 0.0% |
| Reserves not available under the articles | 1311 | €766 | €766 | = | 0.0% |
| Distributable reserves | 133 | €222,000 | €222,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,736 | -€152,164 | -€157,900 | |
| Amounts payable | 17/49 | €954,952 | €1,107,806 | +€152,853 | +16.0% |
| Amounts payable after more than one year | 17 | €664,583 | €645,677 | -€18,905 | -2.8% |
| Financial debts | 170/4 | €664,583 | €645,677 | -€18,905 | -2.8% |
| Amounts payable within one year | 42/48 | €290,370 | €462,128 | +€171,759 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €114,144 | €132,922 | +€18,778 | +16.5% |
| Trade debts | 44 | €69,819 | €50,890 | -€18,929 | -27.1% |
| Suppliers | 440/4 | €69,819 | €50,890 | -€18,929 | -27.1% |
| Taxes, remuneration and social security | 45 | €104,786 | €97,319 | -€7,467 | -7.1% |
| Taxes | 450/3 | €89,066 | €97,319 | +€8,253 | +9.3% |
| Remuneration and social security | 454/9 | €15,720 | €0 | -€15,720 | -100.0% |
| Other amounts payable | 47/48 | €1,621 | €180,997 | +€179,376 | +11062.4% |
| Remuneration, social security and pensions | 62 | €37,044 | €4,452 | -€32,592 | -88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,260 | €167,876 | +€57,616 | +52.3% |
| Other operating charges | 640/8 | €22,533 | €30,086 | +€7,553 | +33.5% |
| Gross operating margin | 9900 | €346,765 | €296,644 | -€50,121 | -14.5% |
| Operating profit (loss) | 9901 | €176,929 | €94,230 | -€82,699 | -46.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €36,277 | €36,308 | +€31 | +0.1% |
| Recurring financial charges | 65 | €36,277 | €36,308 | +€31 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €140,657 | €57,922 | -€82,735 | -58.8% |
| Income taxes | 67/77 | €41,754 | €15,822 | -€25,932 | -62.1% |
| Profit (loss) for the period | 9904 | €98,903 | €42,100 | -€56,803 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,903 | €42,100 | -€56,803 | -57.4% |
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 12 October 2026 via checked.be.