P. dE KOCK: 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.
P. dE KOCK
Largest movements
- Receivables within one year +€5,060
up €5,060 (+29.3%), from €17,266 to €22,326
of which Trade receivables: +€2,616
- Tangible fixed assets -€2,117
down €2,117 (-13.3%), from €15,910 to €13,793
of which Furniture and vehicles: -€3,002
- Reserves +€6,676
up €6,676 (+6.0%), from €110,545 to €117,221
of which Distributable reserves: +€8,536
- Tax, wage and social debts -€4,978
down €4,978 (-65.4%), from €7,608 to €2,630
- Trade debts +€3,259
up €3,259 (+99.8%), from €3,265 to €6,524
- Gross operating margin +€10,065
up €10,065 (+26.3%), from €38,275 to €48,340
- Taxes +€2,194
up €2,194 (+21.0%), from €10,432 to €12,626
- Financial charges -€726
down €726 (-26.3%), from €2,763 to €2,037
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 | €140,107 | €144,975 | +€4,868 | +3.5% |
| Fixed assets | 21/28 | €15,910 | €13,793 | -€2,117 | -13.3% |
| Tangible fixed assets | 22/27 | €15,910 | €13,793 | -€2,117 | -13.3% |
| Plant, machinery and equipment | 23 | €3,266 | €3,155 | -€111 | -3.4% |
| Furniture and vehicles | 24 | €10,206 | €7,204 | -€3,002 | -29.4% |
| Other tangible fixed assets | 26 | €2,438 | €3,434 | +€995 | +40.8% |
| Current assets | 29/58 | €124,197 | €131,182 | +€6,985 | +5.6% |
| Amounts receivable within one year | 40/41 | €17,266 | €22,326 | +€5,060 | +29.3% |
| Trade receivables | 40 | €13,851 | €16,467 | +€2,616 | +18.9% |
| Other amounts receivable | 41 | €3,415 | €5,859 | +€2,444 | +71.5% |
| Cash at bank and in hand | 54/58 | €105,408 | €105,899 | +€491 | +0.5% |
| Deferred charges and accrued income | 490/1 | €1,523 | €2,957 | +€1,434 | +94.2% |
| Total equity and liabilities | 10/49 | €140,107 | €144,975 | +€4,868 | +3.5% |
| Equity | 10/15 | €129,145 | €135,821 | +€6,676 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,545 | €117,221 | +€6,676 | +6.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €108,685 | €117,221 | +€8,536 | +7.9% |
| Amounts payable | 17/49 | €10,963 | €9,154 | -€1,809 | -16.5% |
| Amounts payable within one year | 42/48 | €10,963 | €9,154 | -€1,809 | -16.5% |
| Trade debts | 44 | €3,265 | €6,524 | +€3,259 | +99.8% |
| Suppliers | 440/4 | €3,265 | €6,524 | +€3,259 | +99.8% |
| Taxes, remuneration and social security | 45 | €7,608 | €2,630 | -€4,978 | -65.4% |
| Taxes | 450/3 | €7,608 | €2,630 | -€4,978 | -65.4% |
| Other amounts payable | 47/48 | €89 | - | -€89 | |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,307 | €4,784 | +€477 | +11.1% |
| Other operating charges | 640/8 | €575 | €591 | +€17 | +2.9% |
| Gross operating margin | 9900 | €38,275 | €48,340 | +€10,065 | +26.3% |
| Operating profit (loss) | 9901 | €33,393 | €42,964 | +€9,571 | +28.7% |
| Financial income | 75/76B | €1 | €2 | +€1 | +112% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +112% |
| Financial charges | 65/66B | €2,763 | €2,037 | -€726 | -26.3% |
| Recurring financial charges | 65 | €2,763 | €2,037 | -€726 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €30,632 | €40,930 | +€10,299 | +33.6% |
| Income taxes | 67/77 | €10,432 | €12,626 | +€2,194 | +21.0% |
| Profit (loss) for the period | 9904 | €20,200 | €28,304 | +€8,104 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,200 | €28,304 | +€8,104 | +40.1% |
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 20 October 2026 via checked.be.