DECATEL: 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.
What changed
DECATEL
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€139,452
2024 · €839,065-€699,613
Equity
€1.6m
2024 · €1.5m+€139,452
Cash
€166,925
2024 · €157,023+€9,901
Balance sheet total
€4.4m
2024 · €4.7m-€277,293
Largest movements
Assets
- Receivables within one year -€632,830
down €632,830 (-17.8%), from €3.5m to €2.9m
of which Trade receivables: -€619,124
- Stocks and contracts +€362,500
up €362,500 (+109.2%), from €332,075 to €694,575
Equity and liabilities
- Short-term financial debts -€495,684
down €495,684 (-28.8%), from €1.7m to €1.2m
- Trade debts +€430,537
up €430,537 (+47.3%), from €910,000 to €1.3m
- Other debts -€360,795
down €360,795 (-94.1%), from €383,295 to €22,500
- Profit (loss) carried forward +€131,908
up €131,908 (+16.6%), from €796,563 to €928,471
Income statement
- Gross operating margin -€653,187
down €653,187 (-40.3%), from €1.6m to €967,471
- Staff costs +€96,362
up €96,362 (+21.9%), from €440,874 to €537,237
- Financial charges -€31,510
down €31,510 (-25.0%), from €125,839 to €94,329
- Depreciation +€26,066
up €26,066 (+28.8%), from €90,543 to €116,609
- Other operating charges -€23,155
down €23,155 (-37.2%), from €62,200 to €39,045
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
€839,065
Gross operating margin
-€653,187
Staff costs
-€96,362
Depreciation
-€26,066
Other operating charges
+€23,155
Financial income
+€3,047
Financial charges
+€31,510
Taxes
+€18,289
Result 2025
€139,452
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
+€588,949
Investment
-€78,416
Financing
-€500,631
Cash 2024
€157,023
From operations (derived)
+€588,949
Net result for the year
+€139,452
Depreciation
+€116,609
Stocks and contracts
-€362,500
Receivables within one year
+€632,830
Deferred charges and accrued income
-€21,328
Trade debts
+€430,537
Tax, wage and social debts
+€14,148
Other debts
-€360,795
Accrued charges and deferred income
-€3
Investment (derived)
-€78,416
Investment in fixed assets (net)
-€78,416
Financing
-€500,631
Debts after one year
-€4,947
Short-term financial debts
-€495,684
Cash 2025
€166,925
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,718,446 | €4,441,153 | -€277,293 | -5.9% |
| Fixed assets | 21/28 | €674,916 | €636,723 | -€38,193 | -5.7% |
| Intangible fixed assets | 21 | - | €4,250 | +€4,250 | |
| Tangible fixed assets | 22/27 | €634,664 | €592,221 | -€42,443 | -6.7% |
| Land and buildings | 22 | €409,384 | €381,159 | -€28,224 | -6.9% |
| Plant, machinery and equipment | 23 | €8,541 | €3,252 | -€5,289 | -61.9% |
| Furniture and vehicles | 24 | €216,739 | €207,810 | -€8,929 | -4.1% |
| Financial fixed assets | 28 | €40,251 | €40,251 | = | 0.0% |
| Current assets | 29/58 | €4,043,531 | €3,804,431 | -€239,100 | -5.9% |
| Stocks and contracts in progress | 3 | €332,075 | €694,575 | +€362,500 | +109.2% |
| Stocks | 30/36 | €332,075 | €694,575 | +€362,500 | +109.2% |
| Amounts receivable within one year | 40/41 | €3,548,969 | €2,916,140 | -€632,830 | -17.8% |
| Trade receivables | 40 | €2,739,613 | €2,120,489 | -€619,124 | -22.6% |
| Other amounts receivable | 41 | €809,356 | €795,651 | -€13,706 | -1.7% |
| Cash at bank and in hand | 54/58 | €157,023 | €166,925 | +€9,901 | +6.3% |
| Deferred charges and accrued income | 490/1 | €5,463 | €26,791 | +€21,328 | +390.4% |
| Total equity and liabilities | 10/49 | €4,718,446 | €4,441,153 | -€277,293 | -5.9% |
| Equity | 10/15 | €1,452,195 | €1,591,647 | +€139,452 | +9.6% |
| Contributions | 10/11 | €95,439 | €95,439 | = | 0.0% |
| Capital | 10 | €95,439 | €95,439 | = | 0.0% |
| Issued capital | 100 | €95,439 | €95,439 | = | 0.0% |
| Reserves | 13 | €502,000 | €509,544 | +€7,544 | +1.5% |
| Non-distributable reserves | 130/1 | €2,000 | €9,544 | +€7,544 | +377.2% |
| Legal reserve | 130 | €2,000 | €9,544 | +€7,544 | +377.2% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €796,563 | €928,471 | +€131,908 | +16.6% |
| Investment grants | 15 | €58,193 | €58,193 | = | 0.0% |
| Amounts payable | 17/49 | €3,266,251 | €2,849,507 | -€416,745 | -12.8% |
| Amounts payable after more than one year | 17 | €106,963 | €102,016 | -€4,947 | -4.6% |
| Financial debts | 170/4 | €106,963 | €102,016 | -€4,947 | -4.6% |
| Amounts payable within one year | 42/48 | €3,158,854 | €2,747,060 | -€411,794 | -13.0% |
| Financial debts | 43 | €1,719,721 | €1,224,037 | -€495,684 | -28.8% |
| Credit institutions | 430/8 | €1,719,721 | €1,224,037 | -€495,684 | -28.8% |
| Trade debts | 44 | €910,000 | €1,340,537 | +€430,537 | +47.3% |
| Suppliers | 440/4 | €910,000 | €1,340,537 | +€430,537 | +47.3% |
| Taxes, remuneration and social security | 45 | €145,838 | €159,987 | +€14,148 | +9.7% |
| Taxes | 450/3 | €56,972 | €48,536 | -€8,436 | -14.8% |
| Remuneration and social security | 454/9 | €88,866 | €111,450 | +€22,584 | +25.4% |
| Other amounts payable | 47/48 | €383,295 | €22,500 | -€360,795 | -94.1% |
| Accrued charges and deferred income | 492/3 | €434 | €431 | -€3 | -0.7% |
| Non-recurring operating income | 76A | €690,078 | - | -€690,078 | |
| Remuneration, social security and pensions | 62 | €440,874 | €537,237 | +€96,362 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,543 | €116,609 | +€26,066 | +28.8% |
| Other operating charges | 640/8 | €62,200 | €39,045 | -€23,155 | -37.2% |
| Gross operating margin | 9900 | €1,620,658 | €967,471 | -€653,187 | -40.3% |
| Operating profit (loss) | 9901 | €1,027,041 | €274,581 | -€752,459 | -73.3% |
| Financial income | 75/76B | €1,564 | €4,611 | +€3,047 | +194.9% |
| Recurring financial income | 75 | €1,564 | €4,611 | +€3,047 | +194.9% |
| Financial charges | 65/66B | €125,839 | €94,329 | -€31,510 | -25.0% |
| Recurring financial charges | 65 | €125,839 | €94,329 | -€31,510 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €902,765 | €184,863 | -€717,902 | -79.5% |
| Income taxes | 67/77 | €63,700 | €45,411 | -€18,289 | -28.7% |
| Profit (loss) for the period | 9904 | €839,065 | €139,452 | -€699,613 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €839,065 | €139,452 | -€699,613 | -83.4% |
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 28 September 2026 via checked.be.