HANS COCQUYT: 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.
HANS COCQUYT
Largest movements
- Cash -€9,091
down €9,091 (-17.1%), from €53,151 to €44,059
mainly Net result for the year (-€9,225) and Investment in fixed assets (net) (-€1,780)
- Profit (loss) carried forward -€9,225
down €9,225 (-18.0%), from €51,140 to €41,915
- Trade debts +€1,754
up €1,754 (+196%), from €895 to €2,649
- Gross operating margin +€11,548
up €11,548 (+63.4%), from -€18,218 to -€6,670
- Depreciation +€783
up €783 (+270%), from €290 to €1,073
- Other operating charges -€252
down €252 (-21.7%), from €1,161 to €910
- Financial charges -€202
down €202 (-31.8%), from €633 to €431
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 | €161,306 | €153,829 | -€7,477 | -4.6% |
| Fixed assets | 21/28 | €4,264 | €4,971 | +€707 | +16.6% |
| Tangible fixed assets | 22/27 | €1,719 | €2,426 | +€707 | +41.1% |
| Plant, machinery and equipment | 23 | €0 | €754 | +€754 | |
| Furniture and vehicles | 24 | €1,719 | €1,671 | -€47 | -2.8% |
| Financial fixed assets | 28 | €2,546 | €2,546 | = | 0.0% |
| Current assets | 29/58 | €157,041 | €148,858 | -€8,183 | -5.2% |
| Amounts receivable within one year | 40/41 | €102,697 | €102,256 | -€441 | -0.4% |
| Trade receivables | 40 | €102,697 | €102,256 | -€441 | -0.4% |
| Cash at bank and in hand | 54/58 | €53,151 | €44,059 | -€9,091 | -17.1% |
| Deferred charges and accrued income | 490/1 | €1,194 | €2,543 | +€1,349 | +113% |
| Total equity and liabilities | 10/49 | €161,306 | €153,829 | -€7,477 | -4.6% |
| Equity | 10/15 | €96,992 | €87,767 | -€9,225 | -9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,252 | €27,252 | = | 0.0% |
| Distributable reserves | 133 | €27,252 | €27,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,140 | €41,915 | -€9,225 | -18.0% |
| Provisions and deferred taxes | 16 | €60,872 | €60,872 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,872 | €60,872 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,872 | €60,872 | = | 0.0% |
| Amounts payable | 17/49 | €3,441 | €5,190 | +€1,749 | +50.8% |
| Amounts payable within one year | 42/48 | €3,441 | €5,190 | +€1,749 | +50.8% |
| Trade debts | 44 | €895 | €2,649 | +€1,754 | +196% |
| Suppliers | 440/4 | €895 | €2,649 | +€1,754 | +196% |
| Taxes, remuneration and social security | 45 | €2,546 | €2,541 | -€5 | -0.2% |
| Taxes | 450/3 | €2,546 | €2,541 | -€5 | -0.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €1,073 | +€783 | +270% |
| Other operating charges | 640/8 | €1,161 | €910 | -€252 | -21.7% |
| Gross operating margin | 9900 | -€18,218 | -€6,670 | +€11,548 | +63.4% |
| Operating profit (loss) | 9901 | -€19,670 | -€8,653 | +€11,017 | +56.0% |
| Financial charges | 65/66B | €633 | €431 | -€202 | -31.8% |
| Recurring financial charges | 65 | €633 | €431 | -€202 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,303 | -€9,084 | +€11,218 | +55.3% |
| Income taxes | 67/77 | €146 | €141 | -€5 | -3.5% |
| Profit (loss) for the period | 9904 | -€20,449 | -€9,225 | +€11,223 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,449 | -€9,225 | +€11,223 | +54.9% |
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 30 October 2026 via checked.be.