Kockx David: 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.
Kockx David
Largest movements
- Receivables within one year +€23,997
up €23,997 (+45.3%), from €52,952 to €76,949
of which Trade receivables: +€20,768
- Tangible fixed assets -€15,634
down €15,634 (-27.1%), from €57,762 to €42,128
of which Furniture and vehicles: -€16,634
- Cash -€8,268
down €8,268 (-28.5%), from €28,980 to €20,712
mainly Receivables within one year (-€23,997) and Debts after one year (-€8,873)
- Debts after one year -€8,873
down €8,873 (-31.1%), from €28,550 to €19,677
- Reserves +€7,456
up €7,456 (+11.0%), from €67,982 to €75,438
- Other debts +€5,733
up €5,733 (+239%), from €2,395 to €8,128
- Current portion of long-term debt -€2,582
down €2,582 (-22.5%), from €11,455 to €8,873
- Tax, wage and social debts -€2,480
no longer reported in 2025 (was €2,480)
- Gross operating margin +€6,621
up €6,621 (+27.2%), from €24,382 to €31,003
- Taxes +€1,365
up €1,365 (+81.2%), from €1,680 to €3,045
- Depreciation +€1,324
up €1,324 (+7.6%), from €17,410 to €18,734
- Financial charges -€389
down €389 (-22.2%), from €1,758 to €1,368
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 | €140,289 | €139,968 | -€321 | -0.2% |
| Fixed assets | 21/28 | €57,762 | €42,128 | -€15,634 | -27.1% |
| Tangible fixed assets | 22/27 | €57,762 | €42,128 | -€15,634 | -27.1% |
| Plant, machinery and equipment | 23 | - | €1,000 | +€1,000 | |
| Furniture and vehicles | 24 | €57,762 | €41,128 | -€16,634 | -28.8% |
| Current assets | 29/58 | €82,528 | €97,841 | +€15,313 | +18.6% |
| Amounts receivable within one year | 40/41 | €52,952 | €76,949 | +€23,997 | +45.3% |
| Trade receivables | 40 | €42,691 | €63,458 | +€20,768 | +48.6% |
| Other amounts receivable | 41 | €10,261 | €13,490 | +€3,229 | +31.5% |
| Cash at bank and in hand | 54/58 | €28,980 | €20,712 | -€8,268 | -28.5% |
| Deferred charges and accrued income | 490/1 | €596 | €180 | -€416 | -69.8% |
| Total equity and liabilities | 10/49 | €140,289 | €139,968 | -€321 | -0.2% |
| Equity | 10/15 | €79,982 | €87,438 | +€7,456 | +9.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €67,982 | €75,438 | +€7,456 | +11.0% |
| Distributable reserves | 133 | €67,982 | €75,438 | +€7,456 | +11.0% |
| Amounts payable | 17/49 | €60,308 | €52,530 | -€7,778 | -12.9% |
| Amounts payable after more than one year | 17 | €28,550 | €19,677 | -€8,873 | -31.1% |
| Financial debts | 170/4 | €28,550 | €19,677 | -€8,873 | -31.1% |
| Amounts payable within one year | 42/48 | €31,758 | €32,853 | +€1,095 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €11,455 | €8,873 | -€2,582 | -22.5% |
| Trade debts | 44 | €15,428 | €15,852 | +€424 | +2.8% |
| Suppliers | 440/4 | €15,428 | €15,852 | +€424 | +2.8% |
| Taxes, remuneration and social security | 45 | €2,480 | - | -€2,480 | |
| Taxes | 450/3 | €2,480 | - | -€2,480 | |
| Other amounts payable | 47/48 | €2,395 | €8,128 | +€5,733 | +239% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,410 | €18,734 | +€1,324 | +7.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €24,382 | €31,003 | +€6,621 | +27.2% |
| Operating profit (loss) | 9901 | €6,584 | €11,869 | +€5,285 | +80.3% |
| Financial charges | 65/66B | €1,758 | €1,368 | -€389 | -22.2% |
| Recurring financial charges | 65 | €1,758 | €1,368 | -€389 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €4,827 | €10,501 | +€5,674 | +118% |
| Income taxes | 67/77 | €1,680 | €3,045 | +€1,365 | +81.2% |
| Profit (loss) for the period | 9904 | €3,147 | €7,456 | +€4,310 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €3,147 | €7,456 | +€4,310 | +137% |
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 16 October 2026 via checked.be.