DECAFIN: 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.
DECAFIN
Largest movements
- Receivables within one year -€16,843
down €16,843 (-78.8%), from €21,378 to €4,535
of which Trade receivables: -€16,217
- Tangible fixed assets -€12,065
down €12,065 (-19.4%), from €62,245 to €50,180
of which Furniture and vehicles: -€12,863
- Cash -€2,369
down €2,369 (-3.0%), from €78,447 to €76,078
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€11,819)
- Reserves -€17,408
down €17,408 (-15.0%), from €115,696 to €98,288
of which Distributable reserves: -€17,408
- Debts after one year -€11,819
down €11,819 (-31.0%), from €38,080 to €26,261
- Trade debts -€2,353
no longer reported in 2025 (was €2,353)
- Gross operating margin -€12,187
down €12,187 (-16.7%), from €73,014 to €60,827
- Depreciation +€4,950
up €4,950 (+50.9%), from €9,724 to €14,674
- Taxes -€2,217
down €2,217 (-15.4%), from €14,435 to €12,218
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 | €194,550 | €165,717 | -€28,833 | -14.8% |
| Fixed assets | 21/28 | €62,270 | €50,205 | -€12,065 | -19.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €62,245 | €50,180 | -€12,065 | -19.4% |
| Plant, machinery and equipment | 23 | €1,451 | €2,249 | +€798 | +55.0% |
| Furniture and vehicles | 24 | €60,794 | €47,931 | -€12,863 | -21.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €132,280 | €115,512 | -€16,768 | -12.7% |
| Amounts receivable within one year | 40/41 | €21,378 | €4,535 | -€16,843 | -78.8% |
| Trade receivables | 40 | €16,752 | €535 | -€16,217 | -96.8% |
| Other amounts receivable | 41 | €4,626 | €4,000 | -€626 | -13.5% |
| Current investments | 50/53 | €28,737 | €30,618 | +€1,881 | +6.5% |
| Cash at bank and in hand | 54/58 | €78,447 | €76,078 | -€2,369 | -3.0% |
| Deferred charges and accrued income | 490/1 | €3,718 | €4,281 | +€563 | +15.1% |
| Total equity and liabilities | 10/49 | €194,550 | €165,717 | -€28,833 | -14.8% |
| Equity | 10/15 | €134,296 | €116,888 | -€17,408 | -13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,696 | €98,288 | -€17,408 | -15.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €113,836 | €96,428 | -€17,408 | -15.3% |
| Amounts payable | 17/49 | €60,254 | €48,829 | -€11,425 | -19.0% |
| Amounts payable after more than one year | 17 | €38,080 | €26,261 | -€11,819 | -31.0% |
| Financial debts | 170/4 | €38,080 | €26,261 | -€11,819 | -31.0% |
| Amounts payable within one year | 42/48 | €22,174 | €22,568 | +€394 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €11,337 | €11,819 | +€482 | +4.3% |
| Financial debts | 43 | €196 | €718 | +€522 | +266% |
| Other loans | 439 | €196 | €718 | +€522 | +266% |
| Trade debts | 44 | €2,353 | - | -€2,353 | |
| Suppliers | 440/4 | €2,353 | - | -€2,353 | |
| Taxes, remuneration and social security | 45 | €8,288 | €10,031 | +€1,743 | +21.0% |
| Taxes | 450/3 | €8,288 | €10,031 | +€1,743 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,724 | €14,674 | +€4,950 | +50.9% |
| Other operating charges | 640/8 | €983 | €861 | -€122 | -12.4% |
| Gross operating margin | 9900 | €73,014 | €60,827 | -€12,187 | -16.7% |
| Operating profit (loss) | 9901 | €62,307 | €45,292 | -€17,015 | -27.3% |
| Financial income | 75/76B | €1,625 | €1,573 | -€52 | -3.2% |
| Recurring financial income | 75 | €1,625 | €1,573 | -€52 | -3.2% |
| Financial charges | 65/66B | €2,251 | €2,055 | -€196 | -8.7% |
| Recurring financial charges | 65 | €2,251 | €2,055 | -€196 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €61,681 | €44,810 | -€16,871 | -27.4% |
| Income taxes | 67/77 | €14,435 | €12,218 | -€2,217 | -15.4% |
| Profit (loss) for the period | 9904 | €47,246 | €32,592 | -€14,654 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,246 | €32,592 | -€14,654 | -31.0% |
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 16 October 2026 via checked.be.