DECACORN: 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.
DECACORN
Largest movements
- Receivables after one year -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€72,600
down €72,600 (-50.5%), from €143,638 to €71,038
of which Other amounts receivable: -€78,175
- Tangible fixed assets -€40,212
down €40,212 (-33.5%), from €120,097 to €79,885
of which Furniture and vehicles: -€33,480
- Current investments -€13,509
no longer reported in 2025 (was €13,509)
- Other debts -€225,815
down €225,815 (-95.4%), from €236,815 to €11,000
- Tax, wage and social debts -€26,806
down €26,806 (-70.7%), from €37,904 to €11,098
- Current portion of long-term debt +€17,377
up €17,377 (+62.6%), from €27,744 to €45,120
- Profit (loss) carried forward +€7,645
up €7,645 (+44.9%), from €17,024 to €24,668
- Gross operating margin -€18,306
down €18,306 (-21.3%), from €85,906 to €67,600
- Taxes -€4,392
down €4,392 (-39.1%), from €11,233 to €6,842
- Financial income -€3,964
down €3,964 (-54.5%), from €7,274 to €3,310
- Financial charges -€3,124
down €3,124 (-39.1%), from €7,992 to €4,869
- Other operating charges -€1,593
down €1,593 (-94.6%), from €1,684 to €91
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 | €395,297 | €169,493 | -€225,804 | -57.1% |
| Fixed assets | 21/28 | €120,097 | €79,985 | -€40,112 | -33.4% |
| Tangible fixed assets | 22/27 | €120,097 | €79,885 | -€40,212 | -33.5% |
| Plant, machinery and equipment | 23 | €8,847 | €8,198 | -€649 | -7.3% |
| Furniture and vehicles | 24 | €100,915 | €67,435 | -€33,480 | -33.2% |
| Other tangible fixed assets | 26 | €10,335 | €4,253 | -€6,082 | -58.9% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €275,200 | €89,508 | -€185,692 | -67.5% |
| Amounts receivable after more than one year | 29 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 291 | €100,000 | - | -€100,000 | |
| Amounts receivable within one year | 40/41 | €143,638 | €71,038 | -€72,600 | -50.5% |
| Trade receivables | 40 | €27,103 | €32,678 | +€5,575 | +20.6% |
| Other amounts receivable | 41 | €116,535 | €38,360 | -€78,175 | -67.1% |
| Current investments | 50/53 | €13,509 | - | -€13,509 | |
| Cash at bank and in hand | 54/58 | €17,946 | €17,607 | -€338 | -1.9% |
| Deferred charges and accrued income | 490/1 | €107 | €862 | +€755 | +705% |
| Total equity and liabilities | 10/49 | €395,297 | €169,493 | -€225,804 | -57.1% |
| Equity | 10/15 | €27,024 | €34,668 | +€7,645 | +28.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,024 | €24,668 | +€7,645 | +44.9% |
| Amounts payable | 17/49 | €368,273 | €134,824 | -€233,449 | -63.4% |
| Amounts payable after more than one year | 17 | €64,475 | €63,962 | -€513 | -0.8% |
| Financial debts | 170/4 | €64,475 | €63,962 | -€513 | -0.8% |
| Amounts payable within one year | 42/48 | €303,799 | €70,862 | -€232,936 | -76.7% |
| Current portion of amounts payable after more than one year | 42 | €27,744 | €45,120 | +€17,377 | +62.6% |
| Financial debts | 43 | €1,138 | - | -€1,138 | |
| Credit institutions | 430/8 | €1,138 | - | -€1,138 | |
| Trade debts | 44 | €198 | €3,644 | +€3,446 | +1,742% |
| Suppliers | 440/4 | €198 | €3,644 | +€3,446 | +1,742% |
| Taxes, remuneration and social security | 45 | €37,904 | €11,098 | -€26,806 | -70.7% |
| Taxes | 450/3 | €37,904 | €11,098 | -€26,806 | -70.7% |
| Other amounts payable | 47/48 | €236,815 | €11,000 | -€225,815 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,887 | €40,657 | -€230 | -0.6% |
| Other operating charges | 640/8 | €1,684 | €91 | -€1,593 | -94.6% |
| Gross operating margin | 9900 | €85,906 | €67,600 | -€18,306 | -21.3% |
| Operating profit (loss) | 9901 | €43,335 | €26,852 | -€16,483 | -38.0% |
| Financial income | 75/76B | €7,274 | €3,310 | -€3,964 | -54.5% |
| Recurring financial income | 75 | €7,274 | €3,310 | -€3,964 | -54.5% |
| Financial charges | 65/66B | €7,992 | €4,869 | -€3,124 | -39.1% |
| Recurring financial charges | 65 | €7,992 | €4,869 | -€3,124 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €42,617 | €25,294 | -€17,323 | -40.6% |
| Income taxes | 67/77 | €11,233 | €6,842 | -€4,392 | -39.1% |
| Profit (loss) for the period | 9904 | €31,383 | €18,452 | -€12,931 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,383 | €18,452 | -€12,931 | -41.2% |
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 13 October 2026 via checked.be.