DECAE V.: 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.
DECAE V.
Largest movements
- Receivables within one year +€33,946
up €33,946 (+25.3%), from €134,143 to €168,089
of which Trade receivables: +€18,425
- Trade debts +€34,689
up €34,689 (+112%), from €31,002 to €65,691
- Accrued charges and deferred income -€6,616
down €6,616 (-96.2%), from €6,877 to €261
- Reserves +€6,549
up €6,549 (+8.2%), from €79,819 to €86,369
- Gross operating margin -€14,229
down €14,229 (-46.0%), from €30,964 to €16,735
- Staff costs +€3,370
up €3,370 (+84.8%), from €3,976 to €7,346
- Taxes -€2,221
down €2,221 (-27.2%), from €8,169 to €5,948
- Financial income +€1,238
up €1,238 (+21.8%), from €5,686 to €6,924
- Financial charges -€998
down €998 (-42.2%), from €2,365 to €1,367
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 | €139,709 | €172,426 | +€32,717 | +23.4% |
| Fixed assets | 21/28 | €5,503 | €4,263 | -€1,240 | -22.5% |
| Tangible fixed assets | 22/27 | €5,051 | €3,499 | -€1,552 | -30.7% |
| Furniture and vehicles | 24 | €5,051 | €3,499 | -€1,552 | -30.7% |
| Financial fixed assets | 28 | €452 | €764 | +€312 | +69.0% |
| Current assets | 29/58 | €134,206 | €168,163 | +€33,957 | +25.3% |
| Amounts receivable within one year | 40/41 | €134,143 | €168,089 | +€33,946 | +25.3% |
| Trade receivables | 40 | €19,501 | €37,925 | +€18,425 | +94.5% |
| Other amounts receivable | 41 | €114,643 | €130,164 | +€15,521 | +13.5% |
| Cash at bank and in hand | 54/58 | €63 | €74 | +€11 | +17.7% |
| Total equity and liabilities | 10/49 | €139,709 | €172,426 | +€32,717 | +23.4% |
| Equity | 10/15 | €86,019 | €92,569 | +€6,549 | +7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,819 | €86,369 | +€6,549 | +8.2% |
| Distributable reserves | 133 | €79,819 | €86,369 | +€6,549 | +8.2% |
| Amounts payable | 17/49 | €53,690 | €79,857 | +€26,167 | +48.7% |
| Amounts payable within one year | 42/48 | €46,812 | €79,596 | +€32,783 | +70.0% |
| Financial debts | 43 | €8,973 | €7,441 | -€1,532 | -17.1% |
| Credit institutions | 430/8 | €8,973 | €7,441 | -€1,532 | -17.1% |
| Trade debts | 44 | €31,002 | €65,691 | +€34,689 | +112% |
| Suppliers | 440/4 | €31,002 | €65,691 | +€34,689 | +112% |
| Advances received on contracts in progress | 46 | €1,905 | €1,905 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,932 | €4,559 | -€373 | -7.6% |
| Taxes | 450/3 | €4,856 | €3,412 | -€1,444 | -29.7% |
| Remuneration and social security | 454/9 | €76 | €1,148 | +€1,071 | +1,403% |
| Accrued charges and deferred income | 492/3 | €6,877 | €261 | -€6,616 | -96.2% |
| Remuneration, social security and pensions | 62 | €3,976 | €7,346 | +€3,370 | +84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,038 | €1,552 | +€514 | +49.5% |
| Other operating charges | 640/8 | €701 | €896 | +€195 | +27.8% |
| Gross operating margin | 9900 | €30,964 | €16,735 | -€14,229 | -46.0% |
| Operating profit (loss) | 9901 | €25,249 | €6,941 | -€18,308 | -72.5% |
| Financial income | 75/76B | €5,686 | €6,924 | +€1,238 | +21.8% |
| Recurring financial income | 75 | €5,686 | €6,924 | +€1,238 | +21.8% |
| Financial charges | 65/66B | €2,365 | €1,367 | -€998 | -42.2% |
| Recurring financial charges | 65 | €2,365 | €1,367 | -€998 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €28,570 | €12,498 | -€16,072 | -56.3% |
| Income taxes | 67/77 | €8,169 | €5,948 | -€2,221 | -27.2% |
| Profit (loss) for the period | 9904 | €20,401 | €6,549 | -€13,851 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,401 | €6,549 | -€13,851 | -67.9% |
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 14 October 2026 via checked.be.