Decam Projects: 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.
Decam Projects
Largest movements
- Receivables within one year -€37,145
down €37,145 (-51.7%), from €71,815 to €34,670
of which Other amounts receivable: -€21,909
- Tangible fixed assets +€34,043
up €34,043 (+11.5%), from €295,605 to €329,648
of which Land and buildings: +€33,891
- Receivables after one year -€22,784
down €22,784 (-47.9%), from €47,568 to €24,784
- Deferred charges and accrued income +€5,663
up €5,663 (+126%), from €4,490 to €10,153
- Current investments +€5,500
new in 2025: €5,500
- Debts after one year -€29,326
down €29,326 (-9.9%), from €296,678 to €267,352
- Current portion of long-term debt +€15,220
up €15,220 (+623%), from €2,444 to €17,664
- Tax, wage and social debts -€8,245
down €8,245 (-29.8%), from €27,627 to €19,381
of which Taxes: -€9,938
- Reserves +€4,469
up €4,469 (+4.4%), from €102,553 to €107,022
of which Distributable reserves: +€4,469
- Financial charges +€81,076
up €81,076 (+1,065%), from €7,616 to €88,692
- Gross operating margin -€39,795
down €39,795 (-23.8%), from €167,108 to €127,313
- Taxes -€25,290
down €25,290 (-81.6%), from €30,976 to €5,686
- Staff costs +€10,539
new in 2025: €10,539
- Depreciation -€9,332
down €9,332 (-36.7%), from €25,418 to €16,086
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 | €438,005 | €424,081 | -€13,924 | -3.2% |
| Fixed assets | 21/28 | €295,855 | €329,898 | +€34,043 | +11.5% |
| Tangible fixed assets | 22/27 | €295,605 | €329,648 | +€34,043 | +11.5% |
| Land and buildings | 22 | €285,139 | €319,030 | +€33,891 | +11.9% |
| Plant, machinery and equipment | 23 | €4,994 | €7,247 | +€2,252 | +45.1% |
| Furniture and vehicles | 24 | €5,472 | €3,372 | -€2,100 | -38.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €142,150 | €94,183 | -€47,967 | -33.7% |
| Amounts receivable after more than one year | 29 | €47,568 | €24,784 | -€22,784 | -47.9% |
| Other amounts receivable | 291 | €47,568 | €24,784 | -€22,784 | -47.9% |
| Amounts receivable within one year | 40/41 | €71,815 | €34,670 | -€37,145 | -51.7% |
| Trade receivables | 40 | €38,803 | €23,567 | -€15,236 | -39.3% |
| Other amounts receivable | 41 | €33,012 | €11,103 | -€21,909 | -66.4% |
| Current investments | 50/53 | - | €5,500 | +€5,500 | |
| Cash at bank and in hand | 54/58 | €18,277 | €19,077 | +€800 | +4.4% |
| Deferred charges and accrued income | 490/1 | €4,490 | €10,153 | +€5,663 | +126% |
| Total equity and liabilities | 10/49 | €438,005 | €424,081 | -€13,924 | -3.2% |
| Equity | 10/15 | €108,753 | €113,222 | +€4,469 | +4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €102,553 | €107,022 | +€4,469 | +4.4% |
| Tax-exempt reserves | 132 | €50,520 | €50,520 | = | 0.0% |
| Distributable reserves | 133 | €52,033 | €56,502 | +€4,469 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €329,252 | €310,860 | -€18,393 | -5.6% |
| Amounts payable after more than one year | 17 | €296,678 | €267,352 | -€29,326 | -9.9% |
| Financial debts | 170/4 | €296,678 | €267,352 | -€29,326 | -9.9% |
| Amounts payable within one year | 42/48 | €32,574 | €42,408 | +€9,833 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €2,444 | €17,664 | +€15,220 | +623% |
| Trade debts | 44 | €2,503 | €5,362 | +€2,859 | +114% |
| Suppliers | 440/4 | €2,503 | €5,362 | +€2,859 | +114% |
| Taxes, remuneration and social security | 45 | €27,627 | €19,381 | -€8,245 | -29.8% |
| Taxes | 450/3 | €27,627 | €17,689 | -€9,938 | -36.0% |
| Remuneration and social security | 454/9 | - | €1,692 | +€1,692 | |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Non-recurring operating income | 76A | - | €3,489 | +€3,489 | |
| Remuneration, social security and pensions | 62 | - | €10,539 | +€10,539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,418 | €16,086 | -€9,332 | -36.7% |
| Other operating charges | 640/8 | €1,890 | €2,315 | +€425 | +22.5% |
| Gross operating margin | 9900 | €167,108 | €127,313 | -€39,795 | -23.8% |
| Operating profit (loss) | 9901 | €139,800 | €98,374 | -€41,426 | -29.6% |
| Financial income | 75/76B | €1,031 | €473 | -€557 | -54.1% |
| Recurring financial income | 75 | €1,031 | €473 | -€557 | -54.1% |
| Financial charges | 65/66B | €7,616 | €88,692 | +€81,076 | +1,065% |
| Recurring financial charges | 65 | €7,616 | €88,692 | +€81,076 | +1,065% |
| Profit (loss) for the period before taxes | 9903 | €133,215 | €10,155 | -€123,060 | -92.4% |
| Income taxes | 67/77 | €30,976 | €5,686 | -€25,290 | -81.6% |
| Profit (loss) for the period | 9904 | €102,239 | €4,469 | -€97,770 | -95.6% |
| Transfer to tax-exempt reserves | 689 | €50,520 | €0 | -€50,520 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €51,719 | €4,469 | -€47,250 | -91.4% |
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 13 October 2026 via checked.be.