DECALUWE: what changed
Two fiscal 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
DECALUWE
NACE 43.341, Painting of buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€352,126
2024 · €333,621+€18,505
Equity
€2.1m
2024 · €2.1m-€22,184
Cash
€612,364
2024 · €781,799-€169,435
Balance sheet total
€2.6m
2024 · €2.4m+€160,277
Largest movements
Assets
- Current investments +€424,101
up €424,101 (+84.6%), from €501,414 to €925,516
- Cash -€169,435
down €169,435 (-21.7%), from €781,799 to €612,364
mainly Current investments (-€424,101) and Contributions, distributions and other (-€374,311)
- Receivables within one year -€63,173
down €63,173 (-9.1%), from €696,318 to €633,145
of which Trade receivables: -€51,176
Equity and liabilities
- Other debts +€280,897
up €280,897 (+257.1%), from €109,277 to €390,174
- Trade debts -€68,654
down €68,654 (-67.5%), from €101,723 to €33,070
- Debts after one year -€26,966
down €26,966 (-44.0%), from €61,285 to €34,319
Income statement
- Gross operating margin +€43,699
up €43,699 (+2.7%), from €1.6m to €1.7m
- Staff costs +€33,660
up €33,660 (+3.2%), from €1.0m to €1.1m
- Financial income +€22,448
up €22,448 (+223.9%), from €10,024 to €32,472
of which Non-recurring financial income: +€14,675
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
€333,621
Gross operating margin
+€43,699
Staff costs
-€33,660
Depreciation
-€266
Write-downs
-€7,693
Other operating charges
-€238
Other operating items
-€2,579
Financial income
+€22,448
Financial charges
+€1,757
Taxes
-€4,962
Result 2025
€352,126
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
+€742,814
Investment
-€499,474
Financing
-€412,775
Cash 2024
€781,799
From operations (derived)
+€742,814
Net result for the year
+€352,126
Depreciation
+€91,572
Stocks and contracts
+€15,515
Receivables within one year
+€63,173
Deferred charges and accrued income
-€498
Trade debts
-€68,654
Tax, wage and social debts
+€11,982
Other debts
+€280,897
Accrued charges and deferred income
-€3,299
Investment (derived)
-€499,474
Investment in fixed assets (net)
-€75,373
Current investments
-€424,101
Financing
-€412,775
Debts after one year
-€26,966
Current portion of long-term debt
-€11,498
Contributions, distributions and other
-€374,311
Cash 2025
€612,364
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,426,187 | €2,586,464 | +€160,277 | +6.6% |
| Fixed assets | 21/28 | €358,707 | €342,508 | -€16,199 | -4.5% |
| Intangible fixed assets | 21 | €39,305 | €36,913 | -€2,392 | -6.1% |
| Tangible fixed assets | 22/27 | €318,129 | €304,321 | -€13,808 | -4.3% |
| Land and buildings | 22 | €193,296 | €184,373 | -€8,923 | -4.6% |
| Plant, machinery and equipment | 23 | €22,789 | €15,873 | -€6,916 | -30.3% |
| Furniture and vehicles | 24 | €65,019 | €88,899 | +€23,880 | +36.7% |
| Leasing and similar rights | 25 | €37,025 | €15,176 | -€21,848 | -59.0% |
| Financial fixed assets | 28 | €1,273 | €1,273 | = | 0.0% |
| Current assets | 29/58 | €2,067,480 | €2,243,956 | +€176,477 | +8.5% |
| Stocks and contracts in progress | 3 | €72,284 | €56,769 | -€15,515 | -21.5% |
| Stocks | 30/36 | €72,284 | €56,769 | -€15,515 | -21.5% |
| Amounts receivable within one year | 40/41 | €696,318 | €633,145 | -€63,173 | -9.1% |
| Trade receivables | 40 | €658,019 | €606,843 | -€51,176 | -7.8% |
| Other amounts receivable | 41 | €38,299 | €26,302 | -€11,997 | -31.3% |
| Current investments | 50/53 | €501,414 | €925,516 | +€424,101 | +84.6% |
| Cash at bank and in hand | 54/58 | €781,799 | €612,364 | -€169,435 | -21.7% |
| Deferred charges and accrued income | 490/1 | €15,664 | €16,163 | +€498 | +3.2% |
| Total equity and liabilities | 10/49 | €2,426,187 | €2,586,464 | +€160,277 | +6.6% |
| Equity | 10/15 | €2,082,363 | €2,060,179 | -€22,184 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,815,111 | €1,794,611 | -€20,500 | -1.1% |
| Non-distributable reserves | 130/1 | €35,460 | €35,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,460 | €35,460 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,151 | €1,151 | = | 0.0% |
| Distributable reserves | 133 | €1,778,500 | €1,758,000 | -€20,500 | -1.2% |
| Profit (loss) carried forward | 14 | €242,081 | €242,587 | +€506 | +0.2% |
| Investment grants | 15 | €6,572 | €4,381 | -€2,191 | -33.3% |
| Amounts payable | 17/49 | €343,823 | €526,285 | +€182,462 | +53.1% |
| Amounts payable after more than one year | 17 | €61,285 | €34,319 | -€26,966 | -44.0% |
| Financial debts | 170/4 | €61,285 | €34,319 | -€26,966 | -44.0% |
| Amounts payable within one year | 42/48 | €276,687 | €489,414 | +€212,727 | +76.9% |
| Current portion of amounts payable after more than one year | 42 | €38,465 | €26,966 | -€11,498 | -29.9% |
| Trade debts | 44 | €101,723 | €33,070 | -€68,654 | -67.5% |
| Suppliers | 440/4 | €101,723 | €33,070 | -€68,654 | -67.5% |
| Taxes, remuneration and social security | 45 | €27,222 | €39,204 | +€11,982 | +44.0% |
| Taxes | 450/3 | - | €12,600 | +€12,600 | |
| Remuneration and social security | 454/9 | €27,222 | €26,604 | -€618 | -2.3% |
| Other amounts payable | 47/48 | €109,277 | €390,174 | +€280,897 | +257.1% |
| Accrued charges and deferred income | 492/3 | €5,851 | €2,552 | -€3,299 | -56.4% |
| Non-recurring operating income | 76A | €2,212 | €3,091 | +€879 | +39.8% |
| Remuneration, social security and pensions | 62 | €1,044,440 | €1,078,100 | +€33,660 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,306 | €91,572 | +€266 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,693 | +€7,693 | |
| Other operating charges | 640/8 | €15,608 | €15,846 | +€238 | +1.5% |
| Non-recurring operating charges | 66A | €1,503 | €4,082 | +€2,579 | +171.6% |
| Gross operating margin | 9900 | €1,634,812 | €1,678,510 | +€43,699 | +2.7% |
| Operating profit (loss) | 9901 | €481,954 | €481,217 | -€737 | -0.2% |
| Financial income | 75/76B | €10,024 | €32,472 | +€22,448 | +223.9% |
| Recurring financial income | 75 | €10,024 | €17,797 | +€7,773 | +77.5% |
| Non-recurring financial income | 76B | - | €14,675 | +€14,675 | |
| Financial charges | 65/66B | €6,431 | €4,674 | -€1,757 | -27.3% |
| Recurring financial charges | 65 | €6,431 | €4,674 | -€1,757 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €485,548 | €509,015 | +€23,467 | +4.8% |
| Income taxes | 67/77 | €151,927 | €156,888 | +€4,962 | +3.3% |
| Profit (loss) for the period | 9904 | €333,621 | €352,126 | +€18,505 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €333,621 | €352,126 | +€18,505 | +5.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.