DE DECKER: 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.
DE DECKER
Largest movements
- Receivables within one year -€171,085
down €171,085 (-34.4%), from €497,262 to €326,177
of which Trade receivables: -€167,569
- Current investments -€159,221
down €159,221 (-45.4%), from €350,512 to €191,291
- Cash +€121,392
up €121,392 (+22.0%), from €552,886 to €674,278
mainly Depreciation (+€213,766) and Receivables within one year (+€171,085)
- Tangible fixed assets +€103,234
up €103,234 (+4.9%), from €2.1m to €2.2m
of which Furniture and vehicles: +€182,368
- Reserves +€168,696
up €168,696 (+12.0%), from €1.4m to €1.6m
of which Distributable reserves: +€168,696
- Trade debts -€142,668
down €142,668 (-90.1%), from €158,425 to €15,757
- Short-term financial debts -€125,465
no longer reported in 2025 (was €125,465)
of which Other loans: -€96,200
- Provisions -€105,386
down €105,386 (-31.1%), from €339,386 to €234,000
- Other debts +€80,904
up €80,904 (+7.4%), from €1.1m to €1.2m
- Gross operating margin +€378,216
up €378,216 (+143.0%), from €264,430 to €642,646
- Other operating charges +€113,401
new in 2025: €113,401
- Depreciation +€76,451
up €76,451 (+55.7%), from €137,315 to €213,766
- Taxes +€25,768
new in 2025: €25,768
- Staff costs +€9,455
up €9,455 (+25.3%), from €37,379 to €46,834
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 | €3,513,372 | €3,408,512 | -€104,860 | -3.0% |
| Fixed assets | 21/28 | €2,111,443 | €2,214,274 | +€102,831 | +4.9% |
| Tangible fixed assets | 22/27 | €2,111,040 | €2,214,274 | +€103,234 | +4.9% |
| Land and buildings | 22 | €1,630,263 | €1,576,079 | -€54,184 | -3.3% |
| Plant, machinery and equipment | 23 | €13,280 | €8,331 | -€4,949 | -37.3% |
| Furniture and vehicles | 24 | €387,497 | €569,865 | +€182,368 | +47.1% |
| Leasing and similar rights | 25 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Financial fixed assets | 28 | €403 | - | -€403 | |
| Current assets | 29/58 | €1,401,929 | €1,194,238 | -€207,691 | -14.8% |
| Stocks and contracts in progress | 3 | €625 | - | -€625 | |
| Stocks | 30/36 | €625 | - | -€625 | |
| Amounts receivable within one year | 40/41 | €497,262 | €326,177 | -€171,085 | -34.4% |
| Trade receivables | 40 | €493,520 | €325,951 | -€167,569 | -34.0% |
| Other amounts receivable | 41 | €3,742 | €225 | -€3,517 | -94.0% |
| Current investments | 50/53 | €350,512 | €191,291 | -€159,221 | -45.4% |
| Cash at bank and in hand | 54/58 | €552,886 | €674,278 | +€121,392 | +22.0% |
| Deferred charges and accrued income | 490/1 | €644 | €2,493 | +€1,849 | +287.0% |
| Total equity and liabilities | 10/49 | €3,513,372 | €3,408,512 | -€104,860 | -3.0% |
| Equity | 10/15 | €1,691,866 | €1,860,562 | +€168,696 | +10.0% |
| Contributions | 10/11 | €136,000 | €136,000 | = | 0.0% |
| Capital | 10 | €136,000 | €136,000 | = | 0.0% |
| Issued capital | 100 | €136,000 | €136,000 | = | 0.0% |
| Revaluation surpluses | 12 | €151,026 | €151,026 | -€0 | 0.0% |
| Reserves | 13 | €1,404,840 | €1,573,536 | +€168,696 | +12.0% |
| Non-distributable reserves | 130/1 | €13,600 | €13,600 | = | 0.0% |
| Legal reserve | 130 | €13,600 | €13,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €103,228 | €103,228 | -€0 | 0.0% |
| Distributable reserves | 133 | €1,288,012 | €1,456,708 | +€168,696 | +13.1% |
| Provisions and deferred taxes | 16 | €339,386 | €234,000 | -€105,386 | -31.1% |
| Provisions for liabilities and charges | 160/5 | €339,386 | €234,000 | -€105,386 | -31.1% |
| Major repairs and maintenance | 162 | €154,386 | €234,000 | +€79,614 | +51.6% |
| Other liabilities and charges | 164/5 | €185,000 | - | -€185,000 | |
| Amounts payable | 17/49 | €1,482,120 | €1,313,950 | -€168,170 | -11.3% |
| Amounts payable within one year | 42/48 | €1,412,810 | €1,242,998 | -€169,812 | -12.0% |
| Financial debts | 43 | €125,465 | - | -€125,465 | |
| Credit institutions | 430/8 | €29,265 | - | -€29,265 | |
| Other loans | 439 | €96,200 | - | -€96,200 | |
| Trade debts | 44 | €158,425 | €15,757 | -€142,668 | -90.1% |
| Suppliers | 440/4 | €158,425 | €15,757 | -€142,668 | -90.1% |
| Taxes, remuneration and social security | 45 | €32,445 | €49,862 | +€17,417 | +53.7% |
| Taxes | 450/3 | €29,080 | €44,625 | +€15,545 | +53.5% |
| Remuneration and social security | 454/9 | €3,365 | €5,237 | +€1,872 | +55.6% |
| Other amounts payable | 47/48 | €1,096,475 | €1,177,379 | +€80,904 | +7.4% |
| Accrued charges and deferred income | 492/3 | €69,310 | €70,952 | +€1,642 | +2.4% |
| Non-recurring operating income | 76A | - | €7,200 | +€7,200 | |
| Remuneration, social security and pensions | 62 | €37,379 | €46,834 | +€9,455 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,315 | €213,766 | +€76,451 | +55.7% |
| Other operating charges | 640/8 | - | €113,401 | +€113,401 | |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €264,430 | €642,646 | +€378,216 | +143.0% |
| Operating profit (loss) | 9901 | €89,736 | €268,587 | +€178,851 | +199.3% |
| Financial income | 75/76B | €1,816 | €10,449 | +€8,633 | +475.4% |
| Recurring financial income | 75 | €1,816 | €10,449 | +€8,633 | +475.4% |
| Financial charges | 65/66B | €76,407 | €84,571 | +€8,164 | +10.7% |
| Recurring financial charges | 65 | €76,407 | €84,571 | +€8,164 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €15,145 | €194,464 | +€179,319 | +1184.0% |
| Income taxes | 67/77 | - | €25,768 | +€25,768 | |
| Profit (loss) for the period | 9904 | €15,145 | €168,696 | +€153,551 | +1013.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,145 | €168,696 | +€153,551 | +1013.9% |
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 29 September 2026 via checked.be.