DECAVI: 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.
DECAVI
Largest movements
- Receivables within one year -€422,255
down €422,255 (-81.3%), from €519,595 to €97,340
of which Trade receivables: -€422,255
- Current investments +€179,150
up €179,150 (+19.7%), from €907,213 to €1.1m
- Cash +€94,845
up €94,845 (+9.2%), from €1.0m to €1.1m
mainly Receivables within one year (+€422,255) and Net result for the year (+€283,077)
- Tangible fixed assets -€34,921
down €34,921 (-3.8%), from €922,876 to €887,955
of which Land and buildings: -€17,712
- Trade debts -€448,348
down €448,348 (-98.1%), from €457,240 to €8,893
- Reserves +€283,077
up €283,077 (+16.3%), from €1.7m to €2.0m
of which Distributable reserves: +€493,577
- Financial income +€32,904
up €32,904 (+341%), from €9,647 to €42,551
- Taxes +€30,797
up €30,797 (+23.0%), from €134,048 to €164,845
- Gross operating margin +€7,219
up €7,219 (+1.6%), from €455,276 to €462,495
- Financial charges +€6,763
up €6,763 (+165%), from €4,104 to €10,867
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 | €3,380,691 | €3,199,348 | -€181,343 | -5.4% |
| Fixed assets | 21/28 | €922,876 | €887,955 | -€34,921 | -3.8% |
| Tangible fixed assets | 22/27 | €922,876 | €887,955 | -€34,921 | -3.8% |
| Land and buildings | 22 | €795,261 | €777,549 | -€17,712 | -2.2% |
| Plant, machinery and equipment | 23 | €882 | €381 | -€501 | -56.8% |
| Furniture and vehicles | 24 | €32,559 | €23,311 | -€9,248 | -28.4% |
| Other tangible fixed assets | 26 | €94,175 | €86,715 | -€7,459 | -7.9% |
| Current assets | 29/58 | €2,457,815 | €2,311,393 | -€146,422 | -6.0% |
| Amounts receivable within one year | 40/41 | €519,595 | €97,340 | -€422,255 | -81.3% |
| Trade receivables | 40 | €516,966 | €94,711 | -€422,255 | -81.7% |
| Other amounts receivable | 41 | €2,629 | €2,629 | = | 0.0% |
| Current investments | 50/53 | €907,213 | €1,086,362 | +€179,150 | +19.7% |
| Cash at bank and in hand | 54/58 | €1,027,309 | €1,122,154 | +€94,845 | +9.2% |
| Deferred charges and accrued income | 490/1 | €3,699 | €5,536 | +€1,837 | +49.7% |
| Total equity and liabilities | 10/49 | €3,380,691 | €3,199,348 | -€181,343 | -5.4% |
| Equity | 10/15 | €2,742,695 | €3,025,772 | +€283,077 | +10.3% |
| Contributions | 10/11 | €11,883 | €11,883 | = | 0.0% |
| Reserves | 13 | €1,740,786 | €2,023,863 | +€283,077 | +16.3% |
| Tax-exempt reserves | 132 | €210,500 | - | -€210,500 | |
| Distributable reserves | 133 | €1,530,286 | €2,023,863 | +€493,577 | +32.3% |
| Profit (loss) carried forward | 14 | €990,026 | €990,026 | = | 0.0% |
| Amounts payable | 17/49 | €637,996 | €173,576 | -€464,420 | -72.8% |
| Amounts payable within one year | 42/48 | €530,371 | €76,148 | -€454,223 | -85.6% |
| Financial debts | 43 | €730 | - | -€730 | |
| Credit institutions | 430/8 | €730 | - | -€730 | |
| Trade debts | 44 | €457,240 | €8,893 | -€448,348 | -98.1% |
| Suppliers | 440/4 | €457,240 | €8,893 | -€448,348 | -98.1% |
| Taxes, remuneration and social security | 45 | €62,412 | €44,782 | -€17,630 | -28.2% |
| Taxes | 450/3 | €62,412 | €44,182 | -€18,230 | -29.2% |
| Remuneration and social security | 454/9 | - | €600 | +€600 | |
| Other amounts payable | 47/48 | €9,988 | €22,474 | +€12,485 | +125% |
| Accrued charges and deferred income | 492/3 | €107,625 | €97,428 | -€10,197 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,581 | €39,831 | -€751 | -1.8% |
| Other operating charges | 640/8 | €5,668 | €6,427 | +€758 | +13.4% |
| Gross operating margin | 9900 | €455,276 | €462,495 | +€7,219 | +1.6% |
| Operating profit (loss) | 9901 | €409,026 | €416,238 | +€7,212 | +1.8% |
| Financial income | 75/76B | €9,647 | €42,551 | +€32,904 | +341% |
| Recurring financial income | 75 | €9,647 | €42,551 | +€32,904 | +341% |
| Financial charges | 65/66B | €4,104 | €10,867 | +€6,763 | +165% |
| Recurring financial charges | 65 | €4,104 | €10,867 | +€6,763 | +165% |
| Profit (loss) for the period before taxes | 9903 | €414,569 | €447,922 | +€33,354 | +8.0% |
| Income taxes | 67/77 | €134,048 | €164,845 | +€30,797 | +23.0% |
| Profit (loss) for the period | 9904 | €280,521 | €283,077 | +€2,556 | +0.9% |
| Transfer from tax-exempt reserves | 789 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €280,521 | €493,577 | +€213,056 | +76.0% |
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.