DECADT DANIEL: 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.
DECADT DANIEL
Largest movements
- Cash +€116,726
up €116,726 (+27.9%), from €418,556 to €535,283
mainly Net result for the year (+€224,576) and Depreciation (+€186,171)
- Current investments -€100,000
down €100,000 (-28.6%), from €350,000 to €250,000
- Tangible fixed assets -€91,543
down €91,543 (-9.0%), from €1.0m to €926,744
of which Land and buildings: -€55,576
- Stocks and contracts -€70,109
down €70,109 (-4.4%), from €1.6m to €1.5m
of which Stocks: -€48,395
- Other debts -€119,326
down €119,326 (-17.0%), from €703,089 to €583,763
- Debts after one year -€80,720
down €80,720 (-22.5%), from €358,900 to €278,180
- Trade debts +€60,987
up €60,987 (+82.7%), from €73,725 to €134,711
- Gross operating margin +€176,664
up €176,664 (+20.4%), from €864,539 to €1.0m
- Staff costs -€72,532
down €72,532 (-12.0%), from €605,420 to €532,889
- Taxes +€64,869
up €64,869 (+1066.8%), from €6,081 to €70,950
- Other operating charges -€22,562
down €22,562 (-43.8%), from €51,567 to €29,005
- Depreciation +€18,222
up €18,222 (+10.8%), from €167,950 to €186,171
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 | €4,909,531 | €4,759,295 | -€150,235 | -3.1% |
| Fixed assets | 21/28 | €1,026,990 | €931,402 | -€95,589 | -9.3% |
| Intangible fixed assets | 21 | €8,704 | €4,658 | -€4,046 | -46.5% |
| Tangible fixed assets | 22/27 | €1,018,286 | €926,744 | -€91,543 | -9.0% |
| Land and buildings | 22 | €602,322 | €546,746 | -€55,576 | -9.2% |
| Plant, machinery and equipment | 23 | €335,006 | €311,834 | -€23,172 | -6.9% |
| Furniture and vehicles | 24 | €80,958 | €68,163 | -€12,795 | -15.8% |
| Current assets | 29/58 | €3,882,540 | €3,827,893 | -€54,647 | -1.4% |
| Amounts receivable after more than one year | 29 | €281,940 | €237,940 | -€44,000 | -15.6% |
| Other amounts receivable | 291 | €281,940 | €237,940 | -€44,000 | -15.6% |
| Stocks and contracts in progress | 3 | €1,585,741 | €1,515,632 | -€70,109 | -4.4% |
| Stocks | 30/36 | €1,560,072 | €1,511,677 | -€48,395 | -3.1% |
| Contracts in progress | 37 | €25,669 | €3,955 | -€21,714 | -84.6% |
| Amounts receivable within one year | 40/41 | €1,234,833 | €1,277,844 | +€43,010 | +3.5% |
| Trade receivables | 40 | €1,007,026 | €1,037,660 | +€30,634 | +3.0% |
| Other amounts receivable | 41 | €227,808 | €240,184 | +€12,376 | +5.4% |
| Current investments | 50/53 | €350,000 | €250,000 | -€100,000 | -28.6% |
| Cash at bank and in hand | 54/58 | €418,556 | €535,283 | +€116,726 | +27.9% |
| Deferred charges and accrued income | 490/1 | €11,470 | €11,195 | -€275 | -2.4% |
| Total equity and liabilities | 10/49 | €4,909,531 | €4,759,295 | -€150,235 | -3.1% |
| Equity | 10/15 | €3,565,072 | €3,590,506 | +€25,434 | +0.7% |
| Contributions | 10/11 | €745,000 | €745,000 | = | 0.0% |
| Capital | 10 | €745,000 | €745,000 | = | 0.0% |
| Issued capital | 100 | €745,000 | €745,000 | = | 0.0% |
| Reserves | 13 | €2,820,072 | €2,845,506 | +€25,434 | +0.9% |
| Non-distributable reserves | 130/1 | €74,500 | €74,500 | = | 0.0% |
| Legal reserve | 130 | €74,500 | €74,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €2,740,572 | €2,766,006 | +€25,434 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,344,458 | €1,168,789 | -€175,669 | -13.1% |
| Amounts payable after more than one year | 17 | €358,900 | €278,180 | -€80,720 | -22.5% |
| Financial debts | 170/4 | €358,900 | €278,180 | -€80,720 | -22.5% |
| Amounts payable within one year | 42/48 | €982,883 | €890,609 | -€92,274 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €122,970 | €80,720 | -€42,250 | -34.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €73,725 | €134,711 | +€60,987 | +82.7% |
| Suppliers | 440/4 | €73,725 | €134,711 | +€60,987 | +82.7% |
| Taxes, remuneration and social security | 45 | €83,099 | €91,415 | +€8,315 | +10.0% |
| Taxes | 450/3 | €28,657 | €25,889 | -€2,768 | -9.7% |
| Remuneration and social security | 454/9 | €54,443 | €65,525 | +€11,083 | +20.4% |
| Other amounts payable | 47/48 | €703,089 | €583,763 | -€119,326 | -17.0% |
| Accrued charges and deferred income | 492/3 | €2,676 | €0 | -€2,676 | -100.0% |
| Non-recurring operating income | 76A | €31,198 | €0 | -€31,198 | -100.0% |
| Remuneration, social security and pensions | 62 | €605,420 | €532,889 | -€72,532 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,950 | €186,171 | +€18,222 | +10.8% |
| Other operating charges | 640/8 | €51,567 | €29,005 | -€22,562 | -43.8% |
| Non-recurring operating charges | 66A | - | €5,869 | +€5,869 | |
| Gross operating margin | 9900 | €864,539 | €1,041,202 | +€176,664 | +20.4% |
| Operating profit (loss) | 9901 | €39,602 | €287,268 | +€247,666 | +625.4% |
| Financial income | 75/76B | €35,221 | €42,527 | +€7,306 | +20.7% |
| Recurring financial income | 75 | €35,221 | €42,527 | +€7,306 | +20.7% |
| Financial charges | 65/66B | €41,884 | €34,269 | -€7,614 | -18.2% |
| Recurring financial charges | 65 | €41,884 | €34,269 | -€7,614 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €32,940 | €295,526 | +€262,586 | +797.2% |
| Income taxes | 67/77 | €6,081 | €70,950 | +€64,869 | +1066.8% |
| Profit (loss) for the period | 9904 | €26,859 | €224,576 | +€197,717 | +736.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,859 | €224,576 | +€197,717 | +736.1% |
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 12 October 2026 via checked.be.