DECAPAC: 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
DECAPAC
NACE 46.869, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.6m-€392,338
Equity
€13.8m
2024 · €12.7m+€1.2m
Cash
€5.4m
2024 · €6.0m-€540,593
Balance sheet total
€25.5m
2024 · €25.5m+€18,569
Largest movements
Assets
- Current investments +€1.5m
up €1.5m (+30.7%), from €4.8m to €6.3m
- Tangible fixed assets -€1.0m
down €1.0m (-19.7%), from €5.2m to €4.2m
- Cash -€540,593
down €540,593 (-9.0%), from €6.0m to €5.4m
mainly Current investments (-€1.5m) and Other debts (-€1.2m)
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+14.0%), from €8.9m to €10.2m
- Other debts -€1.2m
down €1.2m (-100.0%), from €1.2m to €480
- Profit (loss) carried forward +€1.2m
up €1.2m (+14.2%), from €8.4m to €9.6m
- Tax, wage and social debts -€428,025
down €428,025 (-40.3%), from €1.1m to €633,964
of which Taxes: -€464,392
Income statement
- Turnover +€401,786
up €401,786 (+1.2%), from €33.3m to €33.7m
- Financial charges +€349,727
up €349,727 (+177.3%), from €197,234 to €546,961
of which Financial charges: +€349,852
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
€1.6m
Turnover
+€401,786
Other operating income
+€161,858
Goods and materials
-€181,293
Services and other goods
+€1,754
Staff costs
-€309,529
Depreciation
+€53,936
Write-downs
-€111,515
Other operating charges
+€7,479
Other operating items
-€15,511
Financial income
-€208,292
Financial charges
-€349,727
Taxes
+€156,716
Result 2025
€1.2m
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
+€1.7m
Investment
-€1.8m
Financing
-€437,309
Cash 2024
€6.0m
From operations (derived)
+€1.7m
Net result for the year
+€1.2m
Depreciation
+€1.4m
Stocks and contracts
-€79,325
Receivables within one year
-€107,914
Deferred charges and accrued income
+€150
Provisions
-€5,408
Trade debts
+€1.2m
Tax, wage and social debts
-€428,025
Advances received
-€97,335
Other debts
-€1.2m
Accrued charges and deferred income
-€239,806
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€329,284
Current investments
-€1.5m
Financing
-€437,309
Debts after one year
-€213,336
Current portion of long-term debt
-€201,899
Short-term financial debts
-€359
Contributions, distributions and other
-€21,716
Cash 2025
€5.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,521,603 | €25,540,173 | +€18,569 | +0.1% |
| Fixed assets | 21/28 | €6,455,356 | €5,345,304 | -€1.1m | -17.2% |
| Intangible fixed assets | 21 | €219,643 | €155,357 | -€64,286 | -29.3% |
| Tangible fixed assets | 22/27 | €5,239,828 | €4,205,217 | -€1.0m | -19.7% |
| Land and buildings | 22 | €2,088,975 | €1,834,694 | -€254,281 | -12.2% |
| Plant, machinery and equipment | 23 | €2,545,368 | €2,032,312 | -€513,056 | -20.2% |
| Furniture and vehicles | 24 | €375,863 | €338,210 | -€37,653 | -10.0% |
| Leasing and similar rights | 25 | €12,622 | - | -€12,622 | |
| Assets under construction and advance payments | 27 | €217,000 | - | -€217,000 | |
| Financial fixed assets | 28 | €995,885 | €984,730 | -€11,154 | -1.1% |
| Affiliated companies | 280/1 | €988,647 | €977,493 | -€11,154 | -1.1% |
| Participating interests | 280 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable | 281 | €963,647 | €952,493 | -€11,154 | -1.2% |
| Other financial fixed assets | 284/8 | €7,237 | €7,237 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,237 | €7,237 | = | 0.0% |
| Current assets | 29/58 | €19,066,247 | €20,194,868 | +€1.1m | +5.9% |
| Stocks and contracts in progress | 3 | €4,311,436 | €4,390,761 | +€79,325 | +1.8% |
| Stocks | 30/36 | €4,311,436 | €4,390,761 | +€79,325 | +1.8% |
| Goods purchased for resale | 34 | €4,311,436 | €4,390,761 | +€79,325 | +1.8% |
| Amounts receivable within one year | 40/41 | €3,866,818 | €3,974,732 | +€107,914 | +2.8% |
| Trade receivables | 40 | €3,661,712 | €3,897,625 | +€235,913 | +6.4% |
| Other amounts receivable | 41 | €205,106 | €77,107 | -€127,999 | -62.4% |
| Current investments | 50/53 | €4,827,263 | €6,309,388 | +€1.5m | +30.7% |
| Other investments | 51/53 | €4,827,263 | €6,309,388 | +€1.5m | +30.7% |
| Cash at bank and in hand | 54/58 | €5,986,658 | €5,446,065 | -€540,593 | -9.0% |
| Deferred charges and accrued income | 490/1 | €74,072 | €73,922 | -€150 | -0.2% |
| Total equity and liabilities | 10/49 | €25,521,603 | €25,540,173 | +€18,569 | +0.1% |
| Equity | 10/15 | €12,681,413 | €13,835,860 | +€1.2m | +9.1% |
| Contributions | 10/11 | €185,947 | €185,947 | = | 0.0% |
| Capital | 10 | €185,947 | €185,947 | = | 0.0% |
| Issued capital | 100 | €185,947 | €185,947 | = | 0.0% |
| Reserves | 13 | €3,916,755 | €3,900,531 | -€16,225 | -0.4% |
| Non-distributable reserves | 130/1 | €21,031 | €21,031 | = | 0.0% |
| Legal reserve | 130 | €18,595 | €18,595 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,437 | €2,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €153,183 | €136,959 | -€16,225 | -10.6% |
| Distributable reserves | 133 | €3,742,541 | €3,742,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,399,678 | €9,592,064 | +€1.2m | +14.2% |
| Investment grants | 15 | €179,034 | €157,318 | -€21,716 | -12.1% |
| Provisions and deferred taxes | 16 | €51,065 | €45,657 | -€5,408 | -10.6% |
| Deferred taxes | 168 | €51,065 | €45,657 | -€5,408 | -10.6% |
| Amounts payable | 17/49 | €12,789,125 | €11,658,656 | -€1.1m | -8.8% |
| Amounts payable after more than one year | 17 | €622,190 | €408,854 | -€213,336 | -34.3% |
| Financial debts | 170/4 | €622,190 | €408,854 | -€213,336 | -34.3% |
| Credit institutions | 173 | €622,190 | €408,854 | -€213,336 | -34.3% |
| Amounts payable within one year | 42/48 | €11,866,082 | €11,188,755 | -€677,327 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €415,235 | €213,336 | -€201,899 | -48.6% |
| Financial debts | 43 | €190,400 | €190,041 | -€359 | -0.2% |
| Credit institutions | 430/8 | €190,400 | €190,041 | -€359 | -0.2% |
| Trade debts | 44 | €8,901,124 | €10,150,935 | +€1.2m | +14.0% |
| Suppliers | 440/4 | €8,901,124 | €10,150,935 | +€1.2m | +14.0% |
| Advances received on contracts in progress | 46 | €97,335 | - | -€97,335 | |
| Taxes, remuneration and social security | 45 | €1,061,989 | €633,964 | -€428,025 | -40.3% |
| Taxes | 450/3 | €860,967 | €396,574 | -€464,392 | -53.9% |
| Remuneration and social security | 454/9 | €201,022 | €237,389 | +€36,367 | +18.1% |
| Other amounts payable | 47/48 | €1,200,000 | €480 | -€1.2m | -100.0% |
| Accrued charges and deferred income | 492/3 | €300,853 | €61,047 | -€239,806 | -79.7% |
| Operating income | 70/76A | €34,182,126 | €34,730,259 | +€548,133 | +1.6% |
| Turnover | 70 | €33,320,950 | €33,722,736 | +€401,786 | +1.2% |
| Other operating income | 74 | €845,665 | €1,007,523 | +€161,858 | +19.1% |
| Non-recurring operating income | 76A | €15,511 | - | -€15,511 | |
| Operating charges | 60/66A | €32,457,502 | €32,996,670 | +€539,168 | +1.7% |
| Goods for resale, raw materials and consumables | 60 | €23,035,067 | €23,216,361 | +€181,293 | +0.8% |
| Purchases | 600/8 | €22,274,584 | €23,245,014 | +€970,430 | +4.4% |
| Change in stocks: decrease (increase) | 609 | €760,483 | -€28,653 | -€789,136 | |
| Services and other goods | 61 | €5,964,672 | €5,962,919 | -€1,754 | 0.0% |
| Remuneration, social security and pensions | 62 | €1,986,700 | €2,296,229 | +€309,529 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,493,272 | €1,439,336 | -€53,936 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€175,601 | -€64,086 | +€111,515 | +63.5% |
| Other operating charges | 640/8 | €153,391 | €145,912 | -€7,479 | -4.9% |
| Operating profit (loss) | 9901 | €1,724,624 | €1,733,589 | +€8,965 | +0.5% |
| Financial income | 75/76B | €611,870 | €403,578 | -€208,292 | -34.0% |
| Recurring financial income | 75 | €611,870 | €403,578 | -€208,292 | -34.0% |
| Income from financial fixed assets | 750 | €147,219 | €31,027 | -€116,192 | -78.9% |
| Income from current assets | 751 | €319 | €190,976 | +€190,657 | +59682.8% |
| Other financial income | 752/9 | €464,331 | €181,575 | -€282,757 | -60.9% |
| Financial charges | 65/66B | €197,234 | €546,961 | +€349,727 | +177.3% |
| Recurring financial charges | 65 | €197,109 | €546,961 | +€349,852 | +177.5% |
| Debt charges | 650 | €129,315 | €70,196 | -€59,118 | -45.7% |
| Other financial charges | 652/9 | €67,795 | €476,765 | +€408,970 | +603.2% |
| Non-recurring financial charges | 66B | €125 | - | -€125 | |
| Profit (loss) for the period before taxes | 9903 | €2,139,260 | €1,590,206 | -€549,054 | -25.7% |
| Transfer from deferred taxes | 780 | €5,408 | €5,408 | = | 0.0% |
| Income taxes | 67/77 | €576,168 | €419,452 | -€156,716 | -27.2% |
| Taxes | 670/3 | €576,168 | €426,450 | -€149,719 | -26.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,998 | +€6,998 | |
| Profit (loss) for the period | 9904 | €1,568,500 | €1,176,162 | -€392,338 | -25.0% |
| Transfer from tax-exempt reserves | 789 | €16,225 | €16,225 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,584,724 | €1,192,387 | -€392,338 | -24.8% |
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 11 October 2026 via checked.be.