J. De Coninck: what changed
J. De Coninck
Largest movements
- Receivables within one year +€57,366
up €57,366 (+61.4%), from €93,451 to €150,817
of which Other amounts receivable: +€36,500
- Cash -€34,925
down €34,925 (-58.4%), from €59,853 to €24,928
mainly Investment in fixed assets (net) (-€63,559) and Receivables within one year (-€57,366)
- Tangible fixed assets +€25,331
up €25,331 (+5.6%), from €454,215 to €479,546
of which Furniture and vehicles: +€40,085
- Reserves +€41,228
up €41,228 (+12.8%), from €321,564 to €362,792
of which Distributable reserves: +€45,400
- Debts after one year +€16,848
up €16,848 (+6.5%), from €260,006 to €276,855
- Current portion of long-term debt +€16,565
up €16,565 (+66.1%), from €25,074 to €41,638
- Other debts -€16,534
down €16,534 (-35.6%), from €46,505 to €29,970
- Depreciation +€9,256
up €9,256 (+31.9%), from €28,972 to €38,228
- Other operating charges -€9,079
down €9,079 (-89.8%), from €10,108 to €1,029
- Taxes +€3,878
up €3,878 (+20.1%), from €19,319 to €23,198
- Gross operating margin -€1,580
down €1,580 (-1.5%), from €108,055 to €106,475
- Financial charges -€1,165
down €1,165 (-11.9%), from €9,818 to €8,653
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €700,560 | €748,213 | +€47,653 | +6.8% |
| Fixed assets | 21/28 | €534,215 | €559,546 | +€25,331 | +4.7% |
| Tangible fixed assets | 22/27 | €454,215 | €479,546 | +€25,331 | +5.6% |
| Land and buildings | 22 | €439,892 | €416,365 | -€23,528 | -5.3% |
| Plant, machinery and equipment | 23 | €5,159 | €13,933 | +€8,775 | +170% |
| Furniture and vehicles | 24 | €9,164 | €49,249 | +€40,085 | +437% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €166,345 | €188,667 | +€22,322 | +13.4% |
| Amounts receivable within one year | 40/41 | €93,451 | €150,817 | +€57,366 | +61.4% |
| Trade receivables | 40 | €33,451 | €54,317 | +€20,866 | +62.4% |
| Other amounts receivable | 41 | €60,000 | €96,500 | +€36,500 | +60.8% |
| Cash at bank and in hand | 54/58 | €59,853 | €24,928 | -€34,925 | -58.4% |
| Deferred charges and accrued income | 490/1 | €13,041 | €12,922 | -€119 | -0.9% |
| Total equity and liabilities | 10/49 | €700,560 | €748,213 | +€47,653 | +6.8% |
| Equity | 10/15 | €326,484 | €367,722 | +€41,237 | +12.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €321,564 | €362,792 | +€41,228 | +12.8% |
| Tax-exempt reserves | 132 | €71,208 | €67,036 | -€4,172 | -5.9% |
| Distributable reserves | 133 | €250,356 | €295,756 | +€45,400 | +18.1% |
| Profit (loss) carried forward | 14 | €2,920 | €2,929 | +€9 | +0.3% |
| Provisions and deferred taxes | 16 | €18,266 | €17,207 | -€1,059 | -5.8% |
| Deferred taxes | 168 | €18,266 | €17,207 | -€1,059 | -5.8% |
| Amounts payable | 17/49 | €355,810 | €363,285 | +€7,475 | +2.1% |
| Amounts payable after more than one year | 17 | €260,006 | €276,855 | +€16,848 | +6.5% |
| Financial debts | 170/4 | €260,006 | €276,855 | +€16,848 | +6.5% |
| Amounts payable within one year | 42/48 | €95,804 | €86,430 | -€9,374 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €25,074 | €41,638 | +€16,565 | +66.1% |
| Trade debts | 44 | €7,142 | €1,039 | -€6,103 | -85.5% |
| Suppliers | 440/4 | €7,142 | €1,039 | -€6,103 | -85.5% |
| Taxes, remuneration and social security | 45 | €17,084 | €13,783 | -€3,301 | -19.3% |
| Taxes | 450/3 | €17,084 | €13,783 | -€3,301 | -19.3% |
| Other amounts payable | 47/48 | €46,505 | €29,970 | -€16,534 | -35.6% |
| Non-recurring operating income | 76A | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,972 | €38,228 | +€9,256 | +31.9% |
| Other operating charges | 640/8 | €10,108 | €1,029 | -€9,079 | -89.8% |
| Gross operating margin | 9900 | €108,055 | €106,475 | -€1,580 | -1.5% |
| Operating profit (loss) | 9901 | €68,974 | €67,218 | -€1,756 | -2.5% |
| Financial income | 75/76B | €5,649 | €4,811 | -€838 | -14.8% |
| Recurring financial income | 75 | €5,649 | €4,811 | -€838 | -14.8% |
| Financial charges | 65/66B | €9,818 | €8,653 | -€1,165 | -11.9% |
| Recurring financial charges | 65 | €9,818 | €8,653 | -€1,165 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €64,805 | €63,376 | -€1,429 | -2.2% |
| Transfer from deferred taxes | 780 | €993 | €1,059 | +€66 | +6.6% |
| Income taxes | 67/77 | €19,319 | €23,198 | +€3,878 | +20.1% |
| Profit (loss) for the period | 9904 | €46,479 | €41,237 | -€5,242 | -11.3% |
| Transfer from tax-exempt reserves | 789 | €3,909 | €4,172 | +€263 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,388 | €45,409 | -€4,979 | -9.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.