Decal: 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.
What changed
Decal
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€563
2024 · €3,301-€2,738
Equity
€178,691
2024 · €178,128+€563
Cash
€2,463
2024 · €585+€1,879
Balance sheet total
€1.1m
2024 · €1.1m-€35,229
Largest movements
Assets
- Tangible fixed assets -€37,558
down €37,558 (-3.4%), from €1.1m to €1.1m
of which Land and buildings: -€37,435
Equity and liabilities
- Debts after one year -€42,567
down €42,567 (-7.2%), from €588,542 to €545,975
Income statement
- Gross operating margin -€3,532
down €3,532 (-5.8%), from €61,279 to €57,747
- Financial charges -€1,059
down €1,059 (-6.2%), from €17,055 to €15,996
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.
Result 2024
€3,301
Gross operating margin
-€3,532
Depreciation
-€110
Other operating charges
-€155
Financial income
+€1
Financial charges
+€1,059
Taxes
-€0
Result 2025
€563
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.
From operations
+€43,328
Investment
€0
Financing
-€41,449
Cash 2024
€585
From operations (derived)
+€43,328
Net result for the year
+€563
Depreciation
+€37,558
Receivables within one year
+€1,110
Deferred charges and accrued income
-€1,561
Provisions
-€1,333
Trade debts
+€2,580
Other debts
+€3,000
Accrued charges and deferred income
+€1,410
Financing
-€41,449
Debts after one year
-€42,567
Current portion of long-term debt
+€1,118
Cash 2025
€2,463
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,091,506 | €1,056,278 | -€35,229 | -3.2% |
| Fixed assets | 21/28 | €1,089,039 | €1,051,481 | -€37,558 | -3.4% |
| Tangible fixed assets | 22/27 | €1,089,034 | €1,051,476 | -€37,558 | -3.4% |
| Land and buildings | 22 | €1,088,789 | €1,051,354 | -€37,435 | -3.4% |
| Plant, machinery and equipment | 23 | €246 | €123 | -€123 | -50.0% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €2,467 | €4,796 | +€2,329 | +94.4% |
| Amounts receivable within one year | 40/41 | €1,110 | - | -€1,110 | |
| Trade receivables | 40 | €1,110 | - | -€1,110 | |
| Cash at bank and in hand | 54/58 | €585 | €2,463 | +€1,879 | +321.4% |
| Deferred charges and accrued income | 490/1 | €772 | €2,333 | +€1,561 | +202.0% |
| Total equity and liabilities | 10/49 | €1,091,506 | €1,056,278 | -€35,229 | -3.2% |
| Equity | 10/15 | €178,128 | €178,691 | +€563 | +0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €88,066 | €85,478 | -€2,588 | -2.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,866 | €79,278 | -€2,588 | -3.2% |
| Profit (loss) carried forward | 14 | €28,062 | €31,214 | +€3,151 | +11.2% |
| Provisions and deferred taxes | 16 | €42,155 | €40,822 | -€1,333 | -3.2% |
| Deferred taxes | 168 | €42,155 | €40,822 | -€1,333 | -3.2% |
| Amounts payable | 17/49 | €871,224 | €836,765 | -€34,459 | -4.0% |
| Amounts payable after more than one year | 17 | €588,542 | €545,975 | -€42,567 | -7.2% |
| Financial debts | 170/4 | €588,542 | €545,975 | -€42,567 | -7.2% |
| Amounts payable within one year | 42/48 | €281,913 | €288,611 | +€6,698 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €41,449 | €42,567 | +€1,118 | +2.7% |
| Trade debts | 44 | €674 | €3,254 | +€2,580 | +382.9% |
| Suppliers | 440/4 | €674 | €3,254 | +€2,580 | +382.9% |
| Other amounts payable | 47/48 | €239,790 | €242,790 | +€3,000 | +1.3% |
| Accrued charges and deferred income | 492/3 | €770 | €2,179 | +€1,410 | +183.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,448 | €37,558 | +€110 | +0.3% |
| Other operating charges | 640/8 | €4,807 | €4,963 | +€155 | +3.2% |
| Gross operating margin | 9900 | €61,279 | €57,747 | -€3,532 | -5.8% |
| Operating profit (loss) | 9901 | €19,024 | €15,226 | -€3,798 | -20.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €17,055 | €15,996 | -€1,059 | -6.2% |
| Recurring financial charges | 65 | €17,055 | €15,996 | -€1,059 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €1,968 | -€769 | -€2,738 | |
| Transfer from deferred taxes | 780 | €1,333 | €1,333 | = | 0.0% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €3,301 | €563 | -€2,738 | -82.9% |
| Transfer from tax-exempt reserves | 789 | €2,588 | €2,588 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,889 | €3,151 | -€2,738 | -46.5% |
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 9 October 2026 via checked.be.