DECAP: 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.
DECAP
Largest movements
- Cash +€67,048
up €67,048 (+133%), from €50,234 to €117,282
mainly Net result for the year (+€153,123) and Depreciation (+€52,394)
- Current investments +€64,370
up €64,370 (+1.8%), from €3.5m to €3.6m
- Reserves +€153,123
up €153,123 (+2.8%), from €5.4m to €5.6m
of which Distributable reserves: +€156,753
- Other debts -€75,435
down €75,435 (-59.4%), from €126,939 to €51,505
- Financial income +€118,627
up €118,627 (+87.6%), from €135,343 to €253,970
- Gross operating margin -€116,470
down €116,470 (-71.7%), from €162,376 to €45,906
- Taxes +€34,686
up €34,686 (+173%), from €20,013 to €54,700
- Financial charges +€8,445
up €8,445 (+37.2%), from €22,711 to €31,157
- Depreciation +€3,679
up €3,679 (+7.6%), from €48,716 to €52,394
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 | €5,586,345 | €5,679,652 | +€93,306 | +1.7% |
| Fixed assets | 21/28 | €1,330,327 | €1,277,933 | -€52,394 | -3.9% |
| Tangible fixed assets | 22/27 | €1,330,327 | €1,277,933 | -€52,394 | -3.9% |
| Land and buildings | 22 | €1,019,245 | €972,835 | -€46,410 | -4.6% |
| Furniture and vehicles | 24 | €3,958 | €3,458 | -€500 | -12.6% |
| Other tangible fixed assets | 26 | €307,124 | €301,639 | -€5,484 | -1.8% |
| Current assets | 29/58 | €4,256,018 | €4,401,718 | +€145,701 | +3.4% |
| Amounts receivable within one year | 40/41 | €675,593 | €689,932 | +€14,338 | +2.1% |
| Other amounts receivable | 41 | €675,593 | €689,932 | +€14,338 | +2.1% |
| Current investments | 50/53 | €3,528,630 | €3,593,000 | +€64,370 | +1.8% |
| Cash at bank and in hand | 54/58 | €50,234 | €117,282 | +€67,048 | +133% |
| Deferred charges and accrued income | 490/1 | €1,561 | €1,505 | -€56 | -3.6% |
| Total equity and liabilities | 10/49 | €5,586,345 | €5,679,652 | +€93,306 | +1.7% |
| Equity | 10/15 | €5,426,691 | €5,579,814 | +€153,123 | +2.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €5,407,941 | €5,561,064 | +€153,123 | +2.8% |
| Tax-exempt reserves | 132 | €54,458 | €50,828 | -€3,631 | -6.7% |
| Distributable reserves | 133 | €5,353,483 | €5,510,236 | +€156,753 | +2.9% |
| Provisions and deferred taxes | 16 | €28,042 | €26,172 | -€1,869 | -6.7% |
| Deferred taxes | 168 | €28,042 | €26,172 | -€1,869 | -6.7% |
| Amounts payable | 17/49 | €131,612 | €73,665 | -€57,947 | -44.0% |
| Amounts payable within one year | 42/48 | €130,791 | €72,844 | -€57,947 | -44.3% |
| Trade debts | 44 | €3,852 | €1,106 | -€2,747 | -71.3% |
| Suppliers | 440/4 | €3,852 | €1,106 | -€2,747 | -71.3% |
| Taxes, remuneration and social security | 45 | - | €20,234 | +€20,234 | |
| Taxes | 450/3 | - | €20,234 | +€20,234 | |
| Other amounts payable | 47/48 | €126,939 | €51,505 | -€75,435 | -59.4% |
| Accrued charges and deferred income | 492/3 | €821 | €821 | = | 0.0% |
| Non-recurring operating income | 76A | €118,548 | €0 | -€118,548 | -100% |
| Remuneration, social security and pensions | 62 | -€120 | €0 | +€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,716 | €52,394 | +€3,679 | +7.6% |
| Other operating charges | 640/8 | €11,765 | €10,372 | -€1,392 | -11.8% |
| Gross operating margin | 9900 | €162,376 | €45,906 | -€116,470 | -71.7% |
| Operating profit (loss) | 9901 | €102,015 | -€16,861 | -€118,876 | |
| Financial income | 75/76B | €135,343 | €253,970 | +€118,627 | +87.6% |
| Recurring financial income | 75 | €135,343 | €253,970 | +€118,627 | +87.6% |
| Financial charges | 65/66B | €22,711 | €31,157 | +€8,445 | +37.2% |
| Recurring financial charges | 65 | €22,711 | €31,157 | +€8,445 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €214,647 | €205,953 | -€8,694 | -4.1% |
| Transfer from deferred taxes | 780 | €1,869 | €1,869 | = | 0.0% |
| Income taxes | 67/77 | €20,013 | €54,700 | +€34,686 | +173% |
| Profit (loss) for the period | 9904 | €196,503 | €153,123 | -€43,380 | -22.1% |
| Transfer from tax-exempt reserves | 789 | €3,631 | €3,631 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €200,133 | €156,753 | -€43,380 | -21.7% |
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 20 October 2026 via checked.be.