DECOMEN
Annual accounts 2025
abbreviated format, filed on 08-07-2026, 23 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €890,000. Estimated: probably between €420,000 and €2.2m.
Balance sheet
balance sheet total €745,436 on 31-12-2025in euro
in euro
Position in the sector
12.6%
Higher than 20% of 9,902 companies in 2025.
0.70
Higher than 12% of 9,665 companies in 2025.
3.5%
Higher than 50% of 9,780 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: bottom quarter
Staff
€34,334
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 1 person joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
745,436 | 840,416 | 701,469 | 602,892 | 588,012 | 636,855 | 774,015 | 618,277 | 671,349 | 604,898 | 192,173 | 175,133 | 178,763 | 164,838 | 188,279 | 159,166 | 171,525 | 31,597 | 24,873 | 39,272 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 180 | |
21/28 |
474,788 | 561,642 | 342,347 | 220,653 | 299,372 | 352,735 | 442,363 | 403,405 | 476,273 | 373,352 | 81,769 | 52,509 | 18,320 | 26,896 | 36,614 | 8,313 | 11,130 | 8,880 | 15,354 | 23,253 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | 1,585 | 3,169 | 4,754 | 6,338 | - | - | - | - | - | |
22/27 |
474,788 | 561,642 | 342,347 | 220,653 | 299,372 | 352,735 | 442,263 | 402,700 | 475,568 | 373,252 | 81,669 | 50,824 | 15,051 | 22,042 | 30,176 | 8,213 | 11,030 | 8,780 | 15,354 | 23,073 | |
23 |
352,562 | 406,628 | 310,342 | 184,092 | 249,416 | 289,819 | 368,802 | 321,911 | 382,263 | 322,882 | 73,529 | 47,046 | 12,168 | 18,758 | 25,347 | 5,700 | 7,600 | - | - | 59 | |
24 |
104,532 | 133,487 | 1,124 | 2,554 | 7,605 | 13,542 | 15,574 | 20,972 | 25,596 | 241 | 644 | 623 | 783 | 885 | 1,769 | 1,973 | 2,710 | 7,880 | 14,274 | 21,754 | |
26 |
17,694 | 21,526 | 30,882 | 34,008 | 42,350 | 49,374 | 57,887 | 59,817 | 67,709 | 50,129 | 7,496 | 3,155 | 2,100 | 2,400 | 3,060 | 540 | 720 | 900 | 1,080 | 1,260 | |
28 |
- | - | - | - | - | 0 | 100 | 705 | 705 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | - | - | |
29/58 |
270,648 | 278,774 | 359,122 | 382,238 | 288,640 | 284,119 | 331,651 | 214,872 | 195,076 | 231,546 | 110,404 | 122,624 | 160,443 | 137,943 | 151,665 | 150,853 | 160,395 | 22,717 | 9,519 | 16,020 | |
3 |
45,290 | 44,390 | 35,540 | 38,895 | 37,380 | 36,240 | 26,885 | 31,105 | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
45,290 | 44,390 | 35,540 | 38,895 | 37,380 | 36,240 | 26,885 | 31,105 | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
157,421 | 186,950 | 268,323 | 280,190 | 223,698 | 225,463 | 260,931 | 173,035 | 193,392 | 164,349 | 96,519 | 107,812 | 129,341 | 114,178 | 149,461 | 125,838 | 148,049 | 14,592 | 1,137 | 5,087 | |
40 |
156,944 | 162,388 | 212,158 | 261,744 | 205,691 | 225,463 | 250,800 | 171,391 | 186,823 | 157,528 | 96,519 | 107,812 | 115,672 | 100,509 | 146,994 | 125,838 | 147,892 | 14,129 | 1,040 | 5,087 | |
41 |
477 | 24,561 | 56,165 | 18,445 | 18,007 | - | 10,131 | 1,645 | 6,569 | 6,821 | - | - | 13,670 | 13,670 | 2,468 | - | 157 | 463 | 97 | - | |
54/58 |
63,145 | 44,048 | 52,389 | 60,924 | 25,547 | 17,202 | 39,468 | 5,983 | 177 | 65,090 | 11,250 | 14,193 | 30,487 | 19,094 | 982 | 24,568 | 9,192 | 625 | 288 | 2,669 | |
490/1 |
4,791 | 3,387 | 2,870 | 2,230 | 2,015 | 5,215 | 4,368 | 4,749 | 1,507 | 2,107 | 2,635 | 619 | 615 | 4,670 | 1,221 | 447 | 3,154 | 7,500 | 8,093 | 8,264 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
745,436 | 840,416 | 701,469 | 602,892 | 588,012 | 636,855 | 774,015 | 618,277 | 671,349 | 604,898 | 192,173 | 175,133 | 178,763 | 164,838 | 188,279 | 159,166 | 171,525 | 31,597 | 24,873 | 39,272 | |
10/15 |
94,270 | 73,476 | 72,595 | 4,204 | -24,984 | -27,568 | -12,120 | 8,018 | 11,786 | 14,181 | -12,570 | -17,623 | -28,822 | -35,662 | 6,131 | 117 | -10,002 | -42,336 | -20,233 | -5,040 | |
10/11 |
43,600 | 43,600 | 43,600 | 43,600 | 43,600 | 43,600 | 43,600 | 43,600 | 43,600 | 43,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 43,600 | 43,600 | 43,600 | 43,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
50,670 | 29,876 | 28,995 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
50,670 | 29,876 | 28,995 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
0 | 0 | 0 | -39,396 | -68,584 | -71,168 | -55,720 | -35,582 | -31,814 | -29,419 | -31,170 | -36,223 | -47,422 | -54,262 | -12,469 | -18,483 | -28,602 | -60,936 | -38,833 | -23,640 | |
17/49 |
651,166 | 766,940 | 628,874 | 598,687 | 612,996 | 664,423 | 786,134 | 610,259 | 659,564 | 590,717 | 204,743 | 192,756 | 207,585 | 200,500 | 182,148 | 159,049 | 181,527 | 73,933 | 45,105 | 44,313 | |
17 |
262,691 | 327,210 | 226,239 | 57,439 | 101,451 | 147,843 | 250,078 | 217,886 | 269,846 | 247,746 | 55,000 | 55,000 | 55,000 | 60,000 | 42,500 | 42,500 | 42,500 | 44,454 | 30,317 | 25,080 | |
170/4 |
186,191 | 250,710 | 149,739 | 57,439 | 101,451 | 147,843 | 250,078 | 217,886 | 269,846 | 247,746 | 55,000 | 55,000 | 55,000 | 60,000 | 42,500 | 42,500 | 42,500 | 44,454 | 30,317 | 25,080 | |
178/9 |
76,500 | 76,500 | 76,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
383,976 | 435,141 | 397,343 | 541,249 | 511,545 | 516,580 | 535,647 | 391,681 | 389,718 | 342,016 | 148,812 | 136,878 | 151,283 | 139,487 | 139,648 | 104,342 | 130,227 | 29,479 | 14,788 | 18,023 | |
42 |
64,519 | 61,804 | 50,521 | 29,013 | 46,391 | 102,236 | 105,114 | 75,422 | 74,175 | 48,271 | - | - | - | - | - | - | 1,954 | 5,863 | 5,863 | 5,863 | |
43 |
210,000 | 160,000 | 210,000 | 210,000 | 210,552 | 210,000 | 185,889 | 125,324 | 119,929 | 125,000 | - | - | - | - | - | - | - | - | - | - | |
430/8 |
210,000 | 160,000 | 210,000 | 210,000 | 210,552 | 210,000 | 185,889 | 125,324 | 119,929 | 125,000 | - | - | - | - | - | - | - | - | - | - | |
44 |
56,598 | 149,599 | 33,474 | 251,417 | 208,085 | 160,435 | 221,718 | 154,811 | 175,507 | 155,272 | 102,114 | 91,532 | 94,354 | 76,247 | 126,783 | 91,378 | 110,804 | 14,261 | 8,407 | 3,750 | |
440/4 |
56,598 | 149,599 | 33,474 | 251,417 | 208,085 | 160,435 | 221,718 | 154,811 | 175,507 | 155,272 | 102,114 | 91,532 | 94,354 | 76,247 | 126,783 | 91,378 | 110,804 | 14,261 | 8,407 | 3,750 | |
45 |
17,983 | 31,156 | 19,474 | 17,677 | 14,253 | 25,483 | 1,043 | 13,502 | 356 | 307 | 2,524 | 7,399 | 10,640 | 11,771 | 1,867 | 8,511 | 7,446 | - | 14 | 6 | |
450/3 |
16,557 | 30,880 | 19,226 | 17,677 | 14,253 | 25,483 | 1,043 | 12,671 | 356 | 307 | 2,524 | 5,303 | 6,911 | 11,771 | 1,867 | 8,511 | 7,446 | - | 14 | 6 | |
454/9 |
1,426 | 275 | 248 | - | - | - | - | 831 | - | - | - | 2,096 | 3,729 | - | - | - | - | - | - | - | |
47/48 |
34,877 | 32,582 | 83,874 | 33,142 | 32,264 | 18,426 | 21,882 | 22,623 | 19,752 | 13,166 | 44,174 | 37,947 | 46,289 | 51,469 | 10,998 | 4,453 | 10,022 | 9,355 | 504 | 8,403 | |
492/3 |
4,498 | 4,589 | 5,292 | - | - | - | 409 | 692 | - | 955 | 931 | 878 | 1,302 | 1,013 | - | 12,207 | 8,800 | - | - | 1,210 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | 1,150 | - | 3,535 | 2,182 | 5,200 | 1,900 | 9,917 | - | - | 80 | - | - | - | |
9900 |
236,399 | 196,071 | 246,684 | 123,795 | 95,020 | 141,488 | 102,144 | 114,731 | 40,816 | 28,055 | 16,320 | 14,237 | 21,077 | -26,400 | 15,039 | 17,208 | 45,156 | -12,902 | -5,079 | 14,099 | |
62 |
27,467 | 19,563 | 13,186 | - | - | - | - | 4,557 | - | - | 6,039 | - | 1,585 | 4,029 | - | 383 | 208 | - | - | - | |
630 |
150,009 | 134,196 | 92,415 | 81,190 | 80,612 | 141,937 | 109,712 | 104,013 | 33,147 | 18,323 | 6,059 | 7,653 | 8,157 | 8,930 | 6,678 | 2,818 | 9,580 | 7,483 | 7,899 | 7,899 | |
631/4 |
0 | 1,967 | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,088 | - | - | - | - | |
640/8 |
1,220 | 416 | 564 | 4,440 | 3,576 | 563 | 2,894 | 559 | 504 | 552 | 450 | 449 | 536 | 443 | 464 | 1,247 | 2,086 | 787 | 750 | 740 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,342 | - | - | 215 | - | - | - | |
9901 |
57,703 | 39,929 | 140,519 | 38,164 | 10,832 | -1,012 | -10,461 | 5,602 | 7,166 | 9,180 | 3,772 | 6,136 | 10,799 | -39,802 | 7,898 | 11,672 | 33,283 | -21,172 | -13,728 | 5,459 | |
75/76B |
5 | 6,799 | 266 | 1,934 | 403 | 195 | 1,850 | 617 | 2 | 206 | 902 | 1,353 | 162 | 742 | 1,123 | 69 | 19 | 1 | 0 | 35 | |
75 |
5 | 6,799 | 266 | 1,934 | 403 | 195 | 1,850 | 617 | 2 | 206 | 902 | 1,353 | 162 | 742 | 1,123 | 69 | 19 | 1 | 0 | 35 | |
65/66B |
22,026 | 45,765 | 13,890 | 8,826 | 8,299 | 14,308 | 11,173 | 9,545 | 9,355 | 7,486 | 1,645 | 1,323 | 5,846 | 11,194 | 475 | 344 | 831 | 932 | 1,465 | 2,673 | |
65 |
22,026 | 45,765 | 13,890 | 8,826 | 8,299 | 11,056 | 11,173 | 9,545 | 9,355 | 7,486 | 1,645 | 1,323 | 5,846 | 11,194 | 475 | 344 | 831 | 932 | 1,465 | 2,673 | |
66B |
- | - | - | - | - | 3,253 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
35,682 | 963 | 126,894 | 31,272 | 2,935 | -15,125 | -19,784 | -3,326 | -2,187 | 1,900 | 5,213 | 11,366 | 7,014 | -41,679 | 8,546 | 11,397 | 32,336 | -22,103 | -15,192 | 2,822 | |
67/77 |
9,588 | 82 | 18,503 | 2,084 | 351 | 324 | 354 | 442 | 208 | 149 | 160 | 167 | 174 | 114 | 2,532 | 1,278 | 2 | - | - | - | |
9904 |
26,094 | 881 | 108,391 | 29,189 | 2,584 | -15,449 | -20,137 | -3,768 | -2,396 | 1,751 | 5,053 | 11,199 | 6,840 | -41,793 | 6,014 | 10,119 | 32,334 | -22,103 | -15,192 | 2,822 | |
9905 |
26,094 | 881 | 108,391 | 29,189 | 2,584 | -15,449 | -20,137 | -3,768 | -2,396 | 1,751 | 5,053 | 11,199 | 6,840 | -41,793 | 6,014 | 10,119 | 32,334 | -22,103 | -15,192 | 2,822 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
26,094 | 881 | 68,995 | -39,396 | -68,584 | -71,168 | -55,720 | -35,582 | -31,814 | -29,419 | -31,170 | -36,223 | -47,422 | -54,262 | -12,469 | -18,483 | -28,602 | -60,936 | -38,833 | -23,640 | |
14P |
- | 0 | -39,396 | -68,584 | -71,168 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
20,794 | 881 | 28,995 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
20,794 | 881 | 28,995 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
5,300 | 0 | 40,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
5,300 | 0 | 40,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
0.8 | 0.5 | 0.4 | - | - | - | - | - | - | - | 0.1 | - | 0.1 | 0.1 | - | - | - | - | - | - | |
Hours worked1013 |
1,228 | 844 | 595 | - | - | - | - | - | - | - | 217 | - | 30 | 144 | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-07-2026 | 2026-00266766 | |
| 31-12-2024 | abbreviated format | 30-09-2025 | 2025-00516000 | |
| 31-12-2023 | abbreviated format | 08-10-2024 | 2024-00499109 | |
| 31-12-2022 | micro format | 01-02-2024 | 2024-00026095 | |
| 31-12-2021 | micro format | 11-01-2023 | 2023-20556586 | |
| 31-12-2020 | micro format | 31-12-2021 | 2021-82500521 | |
| 31-12-2019 | abbreviated format | 29-12-2020 | 2020-77400385 | |
| 31-12-2018 | abbreviated format | 11-02-2020 | 2020-04800596 | |
| 31-12-2017 | abbreviated format | 27-09-2018 | 2018-68200441 | |
| 31-12-2016 | micro format | 13-10-2017 | 2017-67400059 | |
| 31-12-2015 | abbreviated format | 22-08-2016 | 2016-48200575 | |
| 31-12-2014 | abbreviated format | 21-08-2015 | 2015-47700111 | |
| 31-12-2013 | abbreviated format | 26-09-2014 | 2014-61600462 | |
| 31-12-2012 | abbreviated format | 31-08-2013 | 2013-56600090 | |
| 31-12-2011 | abbreviated format | 18-07-2012 | 2012-31100360 | |
| 31-12-2010 | abbreviated format | 30-09-2011 | 2011-57200027 | |
| 31-12-2009 | abbreviated format | 24-08-2010 | 2010-50900004 | |
| 31-12-2008 | abbreviated format | 28-10-2009 | 2009-84100225 | |
| 31-12-2007 | abbreviated format | 24-11-2008 | 2008-82500186 | |
| 31-12-2006 | abbreviated format | 27-09-2007 | 2007-75400075 | |
| 31-12-2005 | abbreviated format | 20-11-2006 | 2006-87800349 | |
| 31-12-2004 | abbreviated format | 28-10-2005 | 2005-83803346 | |
| 31-12-2003 | abbreviated format | 03-12-2004 | 2004-83303153 |
Subsidies and aid
Flemish government 2022, 1 entry, €175 awarded, €175 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 207,712 | 174,125 | 232,934 | 119,354 | 91,444 | 140,925 | 99,251 | 109,616 | 40,312 | 27,503 | 9,831 | 13,788 | 18,956 | -30,872 | 14,576 | 14,489 | 42,863 | -13,688 | -5,829 | 13,359 | ||
| 176,102 | 135,077 | 200,806 | 110,379 | 83,197 | 126,488 | 89,574 | 100,246 | 30,751 | 20,074 | 11,112 | 18,852 | 14,997 | -32,863 | 12,692 | 12,937 | 41,914 | -14,620 | -7,293 | 10,721 | ||
| 63,155 | 353,491 | 214,109 | 2,472 | 27,248 | 52,409 | 149,275 | 31,145 | 136,068 | 309,906 | 33,137 | 45,641 | 531 | 554 | 34,980 | 0 | 12,449 | 1,009 | 0 | 974 | ||
| 19,098 | -8,341 | -8,535 | 35,377 | 8,346 | -22,267 | 33,485 | 5,806 | -64,913 | 53,840 | -2,943 | -16,294 | 11,393 | 18,112 | -23,586 | 15,376 | 8,567 | 336 | -2,380 | - | ||
| -113,329 | -156,367 | -38,221 | -159,010 | -222,904 | -232,461 | -203,995 | -176,809 | -194,642 | -110,470 | -38,408 | -14,253 | 9,160 | -1,545 | 12,017 | 46,511 | 30,168 | -6,761 | -5,270 | -2,003 | ||
| 12.6% | 8.7% | 10.3% | 0.7% | -4.2% | -4.3% | -1.6% | 1.3% | 1.8% | 2.3% | -6.5% | -10.1% | -16.1% | -21.6% | 3.3% | 0.1% | -5.8% | -134.0% | -81.3% | -12.8% | ||
| 0.70 | 0.64 | 0.90 | 0.71 | 0.56 | 0.55 | 0.62 | 0.55 | 0.50 | 0.68 | 0.74 | 0.90 | 1.06 | 0.99 | 1.09 | 1.45 | 1.23 | 0.77 | 0.64 | 0.89 | ||
| 0.59 | 0.54 | 0.81 | 0.63 | 0.49 | 0.48 | 0.57 | 0.47 | 0.50 | 0.68 | 0.74 | 0.90 | 1.06 | 0.99 | 1.09 | 1.45 | 1.23 | 0.77 | 0.64 | 0.89 | ||
| 6.91 | 10.44 | 8.66 | - | - | - | - | 76.11 | 55.96 | 41.65 | - | - | - | - | 29.71 | - | - | - | - | - | ||
| 27.7% | 1.2% | 149.3% | 694.2% | - | - | - | -47.0% | -20.3% | 12.3% | - | - | - | - | 98.1% | - | - | - | - | - | ||
| 3.5% | 0.1% | 15.5% | 4.8% | 0.4% | -2.4% | -2.6% | -0.6% | -0.4% | 0.3% | 2.6% | 6.4% | 3.8% | -25.4% | 3.2% | 6.4% | 18.9% | -70.0% | -61.1% | 7.2% | ||
| 9.43 | 3.80 | 16.77 | 13.52 | 11.02 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 0 | 0 | 0 |
| part-time | 1 | 1 | 1 |
| in full-time equivalents | 0.8 | 0.8 | 0.8 |
| 0.8 | 0.5 | 0.4 | |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 1 | 1 | 1 |
| Left | 1 | 1 | 0 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €277,514 | €165,260 | - | - |
| Pledge on other assets, amount secured | €469,400 | €469,400 | - | - | - |
| Carrying value of the other pledged assets | €479,379 | €495,064 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €63,155 | €353,491 | €214,109 | €2,472 | €27,248 |
| €150,009 | €134,196 | €92,415 | €81,190 | €80,612 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on DECOMEN
The operating result for 2025 is 45% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 91.3% to 87.4%. Equity is higher and debt is lower.