DE DECKER FREDERIC: 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 FREDERIC
Largest movements
- Receivables within one year -€91,113
down €91,113 (-52.2%), from €174,661 to €83,548
of which Trade receivables: -€100,262
- Cash +€56,718
new in 2025: €56,718
mainly Receivables within one year (+€91,113) and Depreciation (+€16,921)
- Stocks and contracts +€23,371
up €23,371 (+76.7%), from €30,465 to €53,836
of which Contracts in progress: +€45,316
- Tangible fixed assets -€16,921
down €16,921 (-3.9%), from €439,490 to €422,569
of which Land and buildings: -€13,955
- Debts after one year -€49,635
down €49,635 (-33.2%), from €149,724 to €100,088
- Trade debts +€15,280
up €15,280 (+26.4%), from €57,828 to €73,109
of which Suppliers: +€15,963
- Other debts +€13,811
up €13,811 (+608.6%), from €2,269 to €16,080
- Short-term financial debts -€9,345
down €9,345 (-100.0%), from €9,345 to €0
- Gross operating margin -€39,903
down €39,903 (-51.4%), from €77,676 to €37,773
- Taxes -€11,069
down €11,069 (-87.2%), from €12,691 to €1,622
- Depreciation -€7,338
down €7,338 (-30.2%), from €24,259 to €16,921
- Financial charges -€1,939
down €1,939 (-14.7%), from €13,217 to €11,278
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 | €646,341 | €622,819 | -€23,523 | -3.6% |
| Fixed assets | 21/28 | €439,912 | €422,868 | -€17,045 | -3.9% |
| Tangible fixed assets | 22/27 | €439,490 | €422,569 | -€16,921 | -3.9% |
| Land and buildings | 22 | €426,258 | €412,303 | -€13,955 | -3.3% |
| Plant, machinery and equipment | 23 | €9,595 | €6,841 | -€2,755 | -28.7% |
| Furniture and vehicles | 24 | €3,637 | €3,425 | -€211 | -5.8% |
| Financial fixed assets | 28 | €422 | €299 | -€124 | -29.3% |
| Current assets | 29/58 | €206,429 | €199,951 | -€6,478 | -3.1% |
| Stocks and contracts in progress | 3 | €30,465 | €53,836 | +€23,371 | +76.7% |
| Stocks | 30/36 | €30,465 | €8,520 | -€21,945 | -72.0% |
| Contracts in progress | 37 | - | €45,316 | +€45,316 | |
| Amounts receivable within one year | 40/41 | €174,661 | €83,548 | -€91,113 | -52.2% |
| Trade receivables | 40 | €155,432 | €55,171 | -€100,262 | -64.5% |
| Other amounts receivable | 41 | €19,229 | €28,378 | +€9,149 | +47.6% |
| Cash at bank and in hand | 54/58 | - | €56,718 | +€56,718 | |
| Deferred charges and accrued income | 490/1 | €1,303 | €5,849 | +€4,546 | +348.9% |
| Total equity and liabilities | 10/49 | €646,341 | €622,819 | -€23,523 | -3.6% |
| Equity | 10/15 | €352,107 | €357,521 | +€5,414 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,875 | €62,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €62,875 | €62,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270,632 | €276,046 | +€5,414 | +2.0% |
| Amounts payable | 17/49 | €294,235 | €265,298 | -€28,937 | -9.8% |
| Amounts payable after more than one year | 17 | €149,724 | €100,088 | -€49,635 | -33.2% |
| Financial debts | 170/4 | €149,724 | €100,088 | -€49,635 | -33.2% |
| Amounts payable within one year | 42/48 | €144,496 | €165,210 | +€20,714 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €71,904 | €74,727 | +€2,823 | +3.9% |
| Financial debts | 43 | €9,345 | €0 | -€9,345 | -100.0% |
| Credit institutions | 430/8 | €9,345 | €0 | -€9,345 | -100.0% |
| Trade debts | 44 | €57,828 | €73,109 | +€15,280 | +26.4% |
| Suppliers | 440/4 | €57,146 | €73,109 | +€15,963 | +27.9% |
| Bills of exchange payable | 441 | €683 | €0 | -€683 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,150 | €1,294 | -€1,856 | -58.9% |
| Taxes | 450/3 | - | €1,294 | +€1,294 | |
| Remuneration and social security | 454/9 | €3,150 | €0 | -€3,150 | -100.0% |
| Other amounts payable | 47/48 | €2,269 | €16,080 | +€13,811 | +608.6% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,259 | €16,921 | -€7,338 | -30.2% |
| Other operating charges | 640/8 | €2,441 | €2,662 | +€221 | +9.0% |
| Non-recurring operating charges | 66A | - | €119 | +€119 | |
| Gross operating margin | 9900 | €77,676 | €37,773 | -€39,903 | -51.4% |
| Operating profit (loss) | 9901 | €50,976 | €18,072 | -€32,904 | -64.5% |
| Financial income | 75/76B | €932 | €243 | -€690 | -74.0% |
| Recurring financial income | 75 | €932 | €243 | -€690 | -74.0% |
| Financial charges | 65/66B | €13,217 | €11,278 | -€1,939 | -14.7% |
| Recurring financial charges | 65 | €13,217 | €11,278 | -€1,939 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €38,691 | €7,036 | -€31,655 | -81.8% |
| Income taxes | 67/77 | €12,691 | €1,622 | -€11,069 | -87.2% |
| Profit (loss) for the period | 9904 | €26,000 | €5,414 | -€20,586 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,000 | €5,414 | -€20,586 | -79.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.