Decandt-Bulté: 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.
Decandt-Bulté
Largest movements
- Tangible fixed assets -€20,183
down €20,183 (-4.4%), from €462,095 to €441,912
of which Land and buildings: -€11,498
- Receivables within one year +€8,326
up €8,326 (+100%), from €8,323 to €16,649
- Reserves +€51,361
up €51,361 (+417%), from €12,326 to €63,687
- Profit (loss) carried forward -€49,827
down €49,827 (-100%), from €49,827 to €0
- Debts after one year -€18,245
down €18,245 (-5.4%), from €339,755 to €321,509
- Other debts +€7,234
up €7,234 (+56.0%), from €12,914 to €20,148
- Gross operating margin -€24,622
down €24,622 (-33.6%), from €73,331 to €48,709
- Taxes -€6,581
down €6,581 (-84.3%), from €7,810 to €1,229
- Financial charges +€2,023
up €2,023 (+14.2%), from €14,236 to €16,259
- Depreciation -€1,217
down €1,217 (-4.3%), from €28,407 to €27,190
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 | €473,763 | €460,864 | -€12,899 | -2.7% |
| Fixed assets | 21/28 | €462,095 | €441,921 | -€20,174 | -4.4% |
| Tangible fixed assets | 22/27 | €462,095 | €441,912 | -€20,183 | -4.4% |
| Land and buildings | 22 | €436,039 | €424,541 | -€11,498 | -2.6% |
| Plant, machinery and equipment | 23 | €26,056 | €17,371 | -€8,685 | -33.3% |
| Financial fixed assets | 28 | - | €9 | +€9 | |
| Current assets | 29/58 | €11,668 | €18,943 | +€7,276 | +62.4% |
| Amounts receivable within one year | 40/41 | €8,323 | €16,649 | +€8,326 | +100% |
| Trade receivables | 40 | €8,323 | €16,649 | +€8,326 | +100% |
| Cash at bank and in hand | 54/58 | €2,703 | €1,629 | -€1,073 | -39.7% |
| Deferred charges and accrued income | 490/1 | €642 | €665 | +€23 | +3.6% |
| Total equity and liabilities | 10/49 | €473,763 | €460,864 | -€12,899 | -2.7% |
| Equity | 10/15 | €80,753 | €82,287 | +€1,533 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,326 | €63,687 | +€51,361 | +417% |
| Distributable reserves | 133 | €12,326 | €63,687 | +€51,361 | +417% |
| Profit (loss) carried forward | 14 | €49,827 | €0 | -€49,827 | -100% |
| Amounts payable | 17/49 | €393,009 | €378,577 | -€14,432 | -3.7% |
| Amounts payable after more than one year | 17 | €339,755 | €321,509 | -€18,245 | -5.4% |
| Financial debts | 170/4 | €339,755 | €321,509 | -€18,245 | -5.4% |
| Amounts payable within one year | 42/48 | €53,255 | €57,068 | +€3,813 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €21,109 | €22,595 | +€1,487 | +7.0% |
| Financial debts | 43 | €4,079 | €0 | -€4,079 | -100% |
| Credit institutions | 430/8 | €4,079 | €0 | -€4,079 | -100% |
| Trade debts | 44 | €4,464 | €2,174 | -€2,290 | -51.3% |
| Suppliers | 440/4 | €4,464 | €2,174 | -€2,290 | -51.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,689 | €12,151 | +€1,462 | +13.7% |
| Taxes | 450/3 | €10,689 | €11,401 | +€712 | +6.7% |
| Remuneration and social security | 454/9 | - | €750 | +€750 | |
| Other amounts payable | 47/48 | €12,914 | €20,148 | +€7,234 | +56.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,407 | €27,190 | -€1,217 | -4.3% |
| Other operating charges | 640/8 | €2,676 | €2,213 | -€464 | -17.3% |
| Non-recurring operating charges | 66A | - | €360 | +€360 | |
| Gross operating margin | 9900 | €73,331 | €48,709 | -€24,622 | -33.6% |
| Operating profit (loss) | 9901 | €42,248 | €18,946 | -€23,302 | -55.2% |
| Financial income | 75/76B | €0 | €75 | +€75 | +377,350% |
| Recurring financial income | 75 | €0 | €75 | +€75 | +377,350% |
| Financial charges | 65/66B | €14,236 | €16,259 | +€2,023 | +14.2% |
| Recurring financial charges | 65 | €14,236 | €16,259 | +€2,023 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €28,012 | €2,762 | -€25,250 | -90.1% |
| Income taxes | 67/77 | €7,810 | €1,229 | -€6,581 | -84.3% |
| Profit (loss) for the period | 9904 | €20,203 | €1,533 | -€18,669 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,203 | €1,533 | -€18,669 | -92.4% |
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 22 October 2026 via checked.be.