P.COK: what changed
Two fiscal 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.
P.COK
Largest movements
- Receivables within one year +€20,178
up €20,178, from €0 to €20,178
of which Trade receivables: +€12,591
- Tangible fixed assets -€3,820
down €3,820 (-43.5%), from €8,786 to €4,966
of which Furniture and vehicles: -€3,400
- Cash +€3,741
up €3,741 (+576.1%), from €649 to €4,390
mainly Net result for the year (+€16,121) and Other debts (+€9,236)
- Other debts +€9,236
up €9,236 (+478.4%), from €1,930 to €11,166
- Trade debts +€3,658
up €3,658 (+611.3%), from €598 to €4,257
- Reserves +€2,878
up €2,878, from €0 to €2,878
- Tax, wage and social debts +€2,251
up €2,251 (+41.1%), from €5,483 to €7,733
- Profit (loss) carried forward +€2,077
up €2,077, from -€2,077 to €0
- Gross operating margin +€23,609
up €23,609 (+39192.2%), from €60 to €23,670
- Taxes +€1,712
up €1,712 (+369.7%), from €463 to €2,175
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 | €9,435 | €29,534 | +€20,099 | +213.0% |
| Fixed assets | 21/28 | €8,786 | €4,966 | -€3,820 | -43.5% |
| Tangible fixed assets | 22/27 | €8,786 | €4,966 | -€3,820 | -43.5% |
| Plant, machinery and equipment | 23 | €756 | €336 | -€420 | -55.6% |
| Furniture and vehicles | 24 | €8,030 | €4,630 | -€3,400 | -42.3% |
| Current assets | 29/58 | €649 | €24,569 | +€23,919 | +3683.5% |
| Amounts receivable within one year | 40/41 | €0 | €20,178 | +€20,178 | |
| Trade receivables | 40 | - | €12,591 | +€12,591 | |
| Other amounts receivable | 41 | €0 | €7,587 | +€7,587 | |
| Cash at bank and in hand | 54/58 | €649 | €4,390 | +€3,741 | +576.1% |
| Total equity and liabilities | 10/49 | €9,435 | €29,534 | +€20,099 | +213.0% |
| Equity | 10/15 | €1,423 | €6,378 | +€4,955 | +348.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €0 | €2,878 | +€2,878 | |
| Distributable reserves | 133 | €0 | €2,878 | +€2,878 | |
| Profit (loss) carried forward | 14 | -€2,077 | €0 | +€2,077 | |
| Amounts payable | 17/49 | €8,011 | €23,156 | +€15,145 | +189.0% |
| Amounts payable within one year | 42/48 | €8,011 | €23,156 | +€15,145 | +189.0% |
| Trade debts | 44 | €598 | €4,257 | +€3,658 | +611.3% |
| Suppliers | 440/4 | €598 | €4,257 | +€3,658 | +611.3% |
| Taxes, remuneration and social security | 45 | €5,483 | €7,733 | +€2,251 | +41.1% |
| Taxes | 450/3 | €5,483 | €7,733 | +€2,251 | +41.1% |
| Other amounts payable | 47/48 | €1,930 | €11,166 | +€9,236 | +478.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,820 | €3,820 | = | 0.0% |
| Other operating charges | 640/8 | €1,499 | €1,353 | -€146 | -9.7% |
| Gross operating margin | 9900 | €60 | €23,670 | +€23,609 | +39192.2% |
| Operating profit (loss) | 9901 | -€5,258 | €18,497 | +€23,755 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €59 | €201 | +€142 | +239.1% |
| Recurring financial charges | 65 | €59 | €201 | +€142 | +239.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,317 | €18,296 | +€23,613 | |
| Income taxes | 67/77 | €463 | €2,175 | +€1,712 | +369.7% |
| Profit (loss) for the period | 9904 | -€5,780 | €16,121 | +€21,901 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,780 | €16,121 | +€21,901 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.