DECAVAST: 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
DECAVAST
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€65,346
2024 · -€83,195+€17,849
Equity
€1.1m
2024 · €1.1m-€65,346
Cash
€7,605
2024 · €16,336-€8,732
Balance sheet total
€4.4m
2024 · €4.5m-€67,232
Largest movements
Assets
- Tangible fixed assets -€207,022
down €207,022 (-4.6%), from €4.5m to €4.3m
- Receivables within one year +€148,521
up €148,521 (+15177.9%), from €979 to €149,500
of which Other amounts receivable: +€149,500
Equity and liabilities
- Debts after one year -€168,651
down €168,651 (-9.1%), from €1.8m to €1.7m
- Short-term financial debts +€150,000
new in 2025: €150,000
- Reserves -€48,249
down €48,249 (-4.1%), from €1.2m to €1.1m
of which Tax-exempt reserves: -€48,249
Income statement
- Gross operating margin +€55,154
up €55,154 (+22.4%), from €246,611 to €301,765
- Depreciation +€19,831
up €19,831 (+10.1%), from €197,206 to €217,037
- Financial charges +€16,768
up €16,768 (+16.7%), from €100,381 to €117,149
of which Non-recurring financial charges: +€25,468
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
-€83,195
Gross operating margin
+€55,154
Depreciation
-€19,831
Other operating charges
+€315
Financial income
+€17
Financial charges
-€16,768
Taxes
-€1,037
Result 2025
-€65,346
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
+€15,219
Investment
-€10,015
Financing
-€13,936
Cash 2024
€16,336
From operations (derived)
+€15,219
Net result for the year
-€65,346
Depreciation
+€217,037
Receivables within one year
-€148,521
Provisions
-€26,025
Trade debts
-€1,090
Tax, wage and social debts
+€11,832
Other debts
+€43,358
Accrued charges and deferred income
-€16,025
Investment (derived)
-€10,015
Investment in fixed assets (net)
-€10,015
Financing
-€13,936
Debts after one year
-€168,651
Current portion of long-term debt
+€4,715
Short-term financial debts
+€150,000
Cash 2025
€7,605
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,511,417 | €4,444,184 | -€67,232 | -1.5% |
| Fixed assets | 21/28 | €4,489,796 | €4,282,775 | -€207,022 | -4.6% |
| Tangible fixed assets | 22/27 | €4,488,786 | €4,281,764 | -€207,022 | -4.6% |
| Land and buildings | 22 | €4,488,786 | €4,281,764 | -€207,022 | -4.6% |
| Financial fixed assets | 28 | €1,011 | €1,011 | = | 0.0% |
| Current assets | 29/58 | €21,620 | €161,410 | +€139,790 | +646.6% |
| Amounts receivable within one year | 40/41 | €979 | €149,500 | +€148,521 | +15177.9% |
| Trade receivables | 40 | €979 | - | -€979 | |
| Other amounts receivable | 41 | - | €149,500 | +€149,500 | |
| Cash at bank and in hand | 54/58 | €16,336 | €7,605 | -€8,732 | -53.4% |
| Deferred charges and accrued income | 490/1 | €4,305 | €4,305 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,511,417 | €4,444,184 | -€67,232 | -1.5% |
| Equity | 10/15 | €1,127,476 | €1,062,130 | -€65,346 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,174,341 | €1,126,092 | -€48,249 | -4.1% |
| Tax-exempt reserves | 132 | €647,481 | €599,232 | -€48,249 | -7.5% |
| Distributable reserves | 133 | €526,860 | €526,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,465 | -€82,562 | -€17,097 | -26.1% |
| Provisions and deferred taxes | 16 | €614,242 | €588,217 | -€26,025 | -4.2% |
| Provisions for liabilities and charges | 160/5 | €426,182 | €414,033 | -€12,150 | -2.9% |
| Other liabilities and charges | 164/5 | €426,182 | €414,033 | -€12,150 | -2.9% |
| Deferred taxes | 168 | €188,059 | €174,184 | -€13,875 | -7.4% |
| Amounts payable | 17/49 | €2,769,699 | €2,793,837 | +€24,138 | +0.9% |
| Amounts payable after more than one year | 17 | €1,844,189 | €1,675,539 | -€168,651 | -9.1% |
| Financial debts | 170/4 | €1,844,189 | €1,675,539 | -€168,651 | -9.1% |
| Amounts payable within one year | 42/48 | €908,309 | €1,117,124 | +€208,814 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €166,205 | €170,920 | +€4,715 | +2.8% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €4,235 | €3,145 | -€1,090 | -25.7% |
| Suppliers | 440/4 | €4,235 | €3,145 | -€1,090 | -25.7% |
| Taxes, remuneration and social security | 45 | €24,345 | €36,177 | +€11,832 | +48.6% |
| Taxes | 450/3 | €24,345 | €36,177 | +€11,832 | +48.6% |
| Other amounts payable | 47/48 | €713,524 | €756,882 | +€43,358 | +6.1% |
| Accrued charges and deferred income | 492/3 | €17,200 | €1,175 | -€16,025 | -93.2% |
| Non-recurring operating income | 76A | - | €12,150 | +€12,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,206 | €217,037 | +€19,831 | +10.1% |
| Other operating charges | 640/8 | €31,703 | €31,388 | -€315 | -1.0% |
| Gross operating margin | 9900 | €246,611 | €301,765 | +€55,154 | +22.4% |
| Operating profit (loss) | 9901 | €17,702 | €53,340 | +€35,638 | +201.3% |
| Financial income | 75/76B | €0 | €17 | +€17 | +165700.0% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +165700.0% |
| Financial charges | 65/66B | €100,381 | €117,149 | +€16,768 | +16.7% |
| Recurring financial charges | 65 | €100,381 | €91,681 | -€8,700 | -8.7% |
| Non-recurring financial charges | 66B | - | €25,468 | +€25,468 | |
| Profit (loss) for the period before taxes | 9903 | -€82,679 | -€63,793 | +€18,887 | +22.8% |
| Transfer from deferred taxes | 780 | €13,875 | €13,875 | = | 0.0% |
| Income taxes | 67/77 | €14,391 | €15,428 | +€1,037 | +7.2% |
| Profit (loss) for the period | 9904 | -€83,195 | -€65,346 | +€17,849 | +21.5% |
| Transfer from tax-exempt reserves | 789 | €48,249 | €48,249 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,946 | -€17,097 | +€17,849 | +51.1% |
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 7 October 2026 via checked.be.