DECAPO: 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.
DECAPO
Largest movements
- Receivables within one year +€95,262
up €95,262 (+33.4%), from €285,510 to €380,772
of which Other amounts receivable: +€95,145
- Cash +€68,574
up €68,574 (+106%), from €64,529 to €133,104
mainly Trade debts (+€77,405) and Net result for the year (+€73,416)
- Tangible fixed assets -€8,865
down €8,865 (-10.5%), from €84,531 to €75,666
of which Furniture and vehicles: -€19,591
- Trade debts +€77,405
up €77,405 (+58.5%), from €132,346 to €209,750
- Reserves +€73,416
up €73,416 (+37.9%), from €193,765 to €267,181
- Current portion of long-term debt +€8,509
up €8,509 (+18.8%), from €45,342 to €53,851
- Gross operating margin -€45,528
down €45,528 (-15.1%), from €301,613 to €256,084
- Staff costs -€38,227
down €38,227 (-24.7%), from €154,605 to €116,378
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 | €443,848 | €597,645 | +€153,797 | +34.7% |
| Fixed assets | 21/28 | €84,531 | €75,666 | -€8,865 | -10.5% |
| Tangible fixed assets | 22/27 | €84,531 | €75,666 | -€8,865 | -10.5% |
| Land and buildings | 22 | €3,786 | €3,493 | -€293 | -7.7% |
| Plant, machinery and equipment | 23 | €34,972 | €45,991 | +€11,019 | +31.5% |
| Furniture and vehicles | 24 | €45,772 | €26,181 | -€19,591 | -42.8% |
| Current assets | 29/58 | €359,318 | €521,979 | +€162,661 | +45.3% |
| Stocks and contracts in progress | 3 | €6,739 | €6,739 | = | 0.0% |
| Stocks | 30/36 | €6,739 | €6,739 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €285,510 | €380,772 | +€95,262 | +33.4% |
| Trade receivables | 40 | €89,861 | €89,978 | +€117 | +0.1% |
| Other amounts receivable | 41 | €195,649 | €290,794 | +€95,145 | +48.6% |
| Cash at bank and in hand | 54/58 | €64,529 | €133,104 | +€68,574 | +106% |
| Deferred charges and accrued income | 490/1 | €2,539 | €1,364 | -€1,175 | -46.3% |
| Total equity and liabilities | 10/49 | €443,848 | €597,645 | +€153,797 | +34.7% |
| Equity | 10/15 | €213,765 | €287,181 | +€73,416 | +34.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €193,765 | €267,181 | +€73,416 | +37.9% |
| Distributable reserves | 133 | €193,765 | €267,181 | +€73,416 | +37.9% |
| Amounts payable | 17/49 | €230,084 | €310,465 | +€80,381 | +34.9% |
| Amounts payable after more than one year | 17 | €38,949 | €37,185 | -€1,764 | -4.5% |
| Financial debts | 170/4 | €38,949 | €37,185 | -€1,764 | -4.5% |
| Amounts payable within one year | 42/48 | €191,093 | €273,247 | +€82,154 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €45,342 | €53,851 | +€8,509 | +18.8% |
| Trade debts | 44 | €132,346 | €209,750 | +€77,405 | +58.5% |
| Suppliers | 440/4 | €132,346 | €209,750 | +€77,405 | +58.5% |
| Taxes, remuneration and social security | 45 | €13,406 | €9,646 | -€3,760 | -28.0% |
| Taxes | 450/3 | €4,124 | €1,066 | -€3,058 | -74.1% |
| Remuneration and social security | 454/9 | €9,281 | €8,580 | -€701 | -7.6% |
| Accrued charges and deferred income | 492/3 | €42 | €33 | -€9 | -22.0% |
| Remuneration, social security and pensions | 62 | €154,605 | €116,378 | -€38,227 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,340 | €33,659 | -€1,681 | -4.8% |
| Other operating charges | 640/8 | €3,651 | €4,077 | +€427 | +11.7% |
| Gross operating margin | 9900 | €301,613 | €256,084 | -€45,528 | -15.1% |
| Operating profit (loss) | 9901 | €108,017 | €101,969 | -€6,048 | -5.6% |
| Financial income | 75/76B | €324 | €228 | -€96 | -29.6% |
| Recurring financial income | 75 | €324 | €228 | -€96 | -29.6% |
| Financial charges | 65/66B | €3,280 | €3,447 | +€168 | +5.1% |
| Recurring financial charges | 65 | €3,280 | €3,447 | +€168 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €105,061 | €98,750 | -€6,311 | -6.0% |
| Income taxes | 67/77 | €28,124 | €25,334 | -€2,790 | -9.9% |
| Profit (loss) for the period | 9904 | €76,937 | €73,416 | -€3,521 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,937 | €73,416 | -€3,521 | -4.6% |
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 15 October 2026 via checked.be.