Dec'eauRatio: 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.
Dec'eauRatio
Largest movements
- Receivables within one year -€26,311
down €26,311 (-50.6%), from €52,028 to €25,718
of which Trade receivables: -€28,509
- Tangible fixed assets -€19,975
down €19,975 (-4.9%), from €405,330 to €385,355
of which Land and buildings: -€10,952
- Cash -€14,439
down €14,439 (-46.4%), from €31,149 to €16,710
mainly Net result for the year (-€45,035) and Investment in fixed assets (net) (-€7,287)
- Profit (loss) carried forward -€45,035
down €45,035, from €0 to -€45,035
- Current portion of long-term debt -€6,994
down €6,994 (-14.8%), from €47,127 to €40,133
- Other debts -€6,144
down €6,144 (-6.1%), from €101,389 to €95,245
- Gross operating margin -€72,032
down €72,032, from €61,127 to -€10,905
- Staff costs -€11,938
down €11,938 (-79.6%), from €15,004 to €3,066
- Taxes -€1,359
down €1,359 (-79.3%), from €1,713 to €354
- Depreciation +€827
up €827 (+3.1%), from €26,434 to €27,262
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 | €488,757 | €428,129 | -€60,628 | -12.4% |
| Fixed assets | 21/28 | €405,330 | €385,355 | -€19,975 | -4.9% |
| Tangible fixed assets | 22/27 | €405,330 | €385,355 | -€19,975 | -4.9% |
| Land and buildings | 22 | €360,856 | €349,904 | -€10,952 | -3.0% |
| Plant, machinery and equipment | 23 | €20,882 | €17,244 | -€3,638 | -17.4% |
| Furniture and vehicles | 24 | €23,592 | €18,208 | -€5,385 | -22.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €83,427 | €42,774 | -€40,653 | -48.7% |
| Amounts receivable within one year | 40/41 | €52,028 | €25,718 | -€26,311 | -50.6% |
| Trade receivables | 40 | €46,241 | €17,733 | -€28,509 | -61.7% |
| Other amounts receivable | 41 | €5,787 | €7,985 | +€2,198 | +38.0% |
| Cash at bank and in hand | 54/58 | €31,149 | €16,710 | -€14,439 | -46.4% |
| Deferred charges and accrued income | 490/1 | €250 | €346 | +€96 | +38.4% |
| Total equity and liabilities | 10/49 | €488,757 | €428,129 | -€60,628 | -12.4% |
| Equity | 10/15 | €111,499 | €66,464 | -€45,035 | -40.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,299 | €105,299 | = | 0.0% |
| Distributable reserves | 133 | €105,299 | €105,299 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€45,035 | -€45,035 | |
| Amounts payable | 17/49 | €377,258 | €361,665 | -€15,593 | -4.1% |
| Amounts payable after more than one year | 17 | €209,217 | €209,217 | = | 0.0% |
| Financial debts | 170/4 | €209,217 | €209,217 | = | 0.0% |
| Amounts payable within one year | 42/48 | €168,040 | €152,447 | -€15,593 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €47,127 | €40,133 | -€6,994 | -14.8% |
| Trade debts | 44 | €8,205 | €9,441 | +€1,236 | +15.1% |
| Suppliers | 440/4 | €8,205 | €9,441 | +€1,236 | +15.1% |
| Taxes, remuneration and social security | 45 | €11,320 | €7,629 | -€3,691 | -32.6% |
| Taxes | 450/3 | €11,320 | €7,629 | -€3,691 | -32.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €101,389 | €95,245 | -€6,144 | -6.1% |
| Remuneration, social security and pensions | 62 | €15,004 | €3,066 | -€11,938 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,434 | €27,262 | +€827 | +3.1% |
| Other operating charges | 640/8 | €955 | €552 | -€403 | -42.2% |
| Gross operating margin | 9900 | €61,127 | -€10,905 | -€72,032 | |
| Operating profit (loss) | 9901 | €18,733 | -€41,786 | -€60,519 | |
| Financial income | 75/76B | €19 | €2 | -€18 | -91.7% |
| Recurring financial income | 75 | €19 | €2 | -€18 | -91.7% |
| Financial charges | 65/66B | €3,433 | €2,897 | -€535 | -15.6% |
| Recurring financial charges | 65 | €3,433 | €2,897 | -€535 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €15,319 | -€44,681 | -€60,001 | |
| Income taxes | 67/77 | €1,713 | €354 | -€1,359 | -79.3% |
| Profit (loss) for the period | 9904 | €13,607 | -€45,035 | -€58,642 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,607 | -€45,035 | -€58,642 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.