DECAPHAR: 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.
DECAPHAR
Largest movements
- Current investments -€650,000
no longer reported in 2025 (was €650,000)
- Tangible fixed assets -€77,339
down €77,339 (-8.1%), from €958,947 to €881,608
of which Land and buildings: -€75,825
- Stocks and contracts +€25,991
up €25,991 (+17.1%), from €151,597 to €177,588
- Contributions -€600,000
down €600,000 (-67.7%), from €886,327 to €286,327
- Debts after one year -€93,468
down €93,468 (-9.0%), from €1.0m to €950,460
- Other debts +€72,913
up €72,913 (+213.9%), from €34,093 to €107,006
- Trade debts -€45,025
down €45,025 (-36.0%), from €125,209 to €80,184
- Financial charges +€22,755
up €22,755 (+150.7%), from €15,100 to €37,855
- Staff costs -€20,542
down €20,542 (-17.5%), from €117,296 to €96,754
- Financial income +€9,477
up €9,477 (+57.5%), from €16,473 to €25,950
- Other operating charges -€8,468
down €8,468 (-32.1%), from €26,402 to €17,934
- Gross operating margin +€6,426
up €6,426 (+2.2%), from €294,468 to €300,895
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,275,043 | €1,582,086 | -€692,957 | -30.5% |
| Fixed assets | 21/28 | €958,947 | €881,608 | -€77,339 | -8.1% |
| Tangible fixed assets | 22/27 | €958,947 | €881,608 | -€77,339 | -8.1% |
| Land and buildings | 22 | €956,366 | €880,541 | -€75,825 | -7.9% |
| Plant, machinery and equipment | 23 | €2,581 | €1,067 | -€1,514 | -58.7% |
| Current assets | 29/58 | €1,316,096 | €700,478 | -€615,617 | -46.8% |
| Stocks and contracts in progress | 3 | €151,597 | €177,588 | +€25,991 | +17.1% |
| Stocks | 30/36 | €151,597 | €177,588 | +€25,991 | +17.1% |
| Amounts receivable within one year | 40/41 | €75,328 | €96,188 | +€20,860 | +27.7% |
| Trade receivables | 40 | €75,038 | €95,634 | +€20,596 | +27.4% |
| Other amounts receivable | 41 | €290 | €554 | +€264 | +90.8% |
| Current investments | 50/53 | €650,000 | - | -€650,000 | |
| Cash at bank and in hand | 54/58 | €431,257 | €410,252 | -€21,005 | -4.9% |
| Deferred charges and accrued income | 490/1 | €7,913 | €16,450 | +€8,537 | +107.9% |
| Total equity and liabilities | 10/49 | €2,275,043 | €1,582,086 | -€692,957 | -30.5% |
| Equity | 10/15 | €935,645 | €316,271 | -€619,374 | -66.2% |
| Contributions | 10/11 | €886,327 | €286,327 | -€600,000 | -67.7% |
| Reserves | 13 | €49,318 | €29,944 | -€19,374 | -39.3% |
| Tax-exempt reserves | 132 | €52 | €52 | = | 0.0% |
| Distributable reserves | 133 | €49,266 | €29,892 | -€19,374 | -39.3% |
| Amounts payable | 17/49 | €1,339,397 | €1,265,814 | -€73,583 | -5.5% |
| Amounts payable after more than one year | 17 | €1,043,928 | €950,460 | -€93,468 | -9.0% |
| Financial debts | 170/4 | €1,043,928 | €950,460 | -€93,468 | -9.0% |
| Amounts payable within one year | 42/48 | €286,819 | €303,805 | +€16,986 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €91,942 | €93,468 | +€1,526 | +1.7% |
| Trade debts | 44 | €125,209 | €80,184 | -€45,025 | -36.0% |
| Suppliers | 440/4 | €125,209 | €80,184 | -€45,025 | -36.0% |
| Taxes, remuneration and social security | 45 | €35,574 | €23,146 | -€12,428 | -34.9% |
| Taxes | 450/3 | €14,467 | €11,992 | -€2,475 | -17.1% |
| Remuneration and social security | 454/9 | €21,107 | €11,154 | -€9,953 | -47.2% |
| Other amounts payable | 47/48 | €34,093 | €107,006 | +€72,913 | +213.9% |
| Accrued charges and deferred income | 492/3 | €8,650 | €11,549 | +€2,899 | +33.5% |
| Remuneration, social security and pensions | 62 | €117,296 | €96,754 | -€20,542 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,459 | €77,339 | -€120 | -0.2% |
| Other operating charges | 640/8 | €26,402 | €17,934 | -€8,468 | -32.1% |
| Gross operating margin | 9900 | €294,468 | €300,895 | +€6,426 | +2.2% |
| Operating profit (loss) | 9901 | €73,312 | €108,867 | +€35,555 | +48.5% |
| Financial income | 75/76B | €16,473 | €25,950 | +€9,477 | +57.5% |
| Recurring financial income | 75 | €16,473 | €25,950 | +€9,477 | +57.5% |
| Financial charges | 65/66B | €15,100 | €37,855 | +€22,755 | +150.7% |
| Recurring financial charges | 65 | €15,100 | €37,855 | +€22,755 | +150.7% |
| Profit (loss) for the period before taxes | 9903 | €74,685 | €96,962 | +€22,277 | +29.8% |
| Income taxes | 67/77 | €13,442 | €14,336 | +€893 | +6.6% |
| Profit (loss) for the period | 9904 | €61,243 | €82,626 | +€21,383 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,243 | €82,626 | +€21,383 | +34.9% |
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 8 October 2026 via checked.be.