DecaWatt: 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.
DecaWatt
Largest movements
- Tangible fixed assets -€20,109
down €20,109 (-9.5%), from €211,920 to €191,811
of which Land and buildings: -€19,348
- Profit (loss) carried forward +€50,106
up €50,106 (+18.7%), from €267,338 to €317,444
- Other debts -€47,310
down €47,310 (-34.3%), from €138,026 to €90,717
- Debts after one year -€20,760
down €20,760 (-19.7%), from €105,530 to €84,770
- Tax, wage and social debts -€15,465
down €15,465 (-54.4%), from €28,426 to €12,961
of which Remuneration and social security: -€10,675
- Trade debts +€9,746
up €9,746 (+120%), from €8,111 to €17,857
- Financial income -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Gross operating margin -€10,215
down €10,215 (-4.1%), from €248,834 to €238,619
- Staff costs -€8,233
down €8,233 (-5.4%), from €152,205 to €143,972
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 | €614,208 | €595,169 | -€19,040 | -3.1% |
| Fixed assets | 21/28 | €609,769 | €589,660 | -€20,109 | -3.3% |
| Tangible fixed assets | 22/27 | €211,920 | €191,811 | -€20,109 | -9.5% |
| Land and buildings | 22 | €210,710 | €191,362 | -€19,348 | -9.2% |
| Plant, machinery and equipment | 23 | €1,210 | €449 | -€761 | -62.9% |
| Financial fixed assets | 28 | €397,849 | €397,849 | = | 0.0% |
| Current assets | 29/58 | €4,439 | €5,508 | +€1,069 | +24.1% |
| Amounts receivable within one year | 40/41 | €2,604 | €1,751 | -€853 | -32.8% |
| Trade receivables | 40 | €353 | - | -€353 | |
| Other amounts receivable | 41 | €2,251 | €1,751 | -€500 | -22.2% |
| Cash at bank and in hand | 54/58 | €1,746 | €2,046 | +€300 | +17.2% |
| Deferred charges and accrued income | 490/1 | €89 | €1,712 | +€1,623 | +1,816% |
| Total equity and liabilities | 10/49 | €614,208 | €595,169 | -€19,040 | -3.1% |
| Equity | 10/15 | €299,524 | €349,630 | +€50,106 | +16.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,186 | €2,186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,186 | €2,186 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,186 | €2,186 | = | 0.0% |
| Profit (loss) carried forward | 14 | €267,338 | €317,444 | +€50,106 | +18.7% |
| Amounts payable | 17/49 | €314,684 | €245,539 | -€69,145 | -22.0% |
| Amounts payable after more than one year | 17 | €105,530 | €84,770 | -€20,760 | -19.7% |
| Financial debts | 170/4 | €105,530 | €84,770 | -€20,760 | -19.7% |
| Amounts payable within one year | 42/48 | €203,119 | €156,335 | -€46,784 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €27,706 | €32,760 | +€5,054 | +18.2% |
| Trade debts | 44 | €8,111 | €17,857 | +€9,746 | +120% |
| Suppliers | 440/4 | €8,111 | €17,857 | +€9,746 | +120% |
| Advances received on contracts in progress | 46 | €850 | €2,040 | +€1,190 | +140% |
| Taxes, remuneration and social security | 45 | €28,426 | €12,961 | -€15,465 | -54.4% |
| Taxes | 450/3 | €10,897 | €6,107 | -€4,790 | -44.0% |
| Remuneration and social security | 454/9 | €17,529 | €6,854 | -€10,675 | -60.9% |
| Other amounts payable | 47/48 | €138,026 | €90,717 | -€47,310 | -34.3% |
| Accrued charges and deferred income | 492/3 | €6,035 | €4,434 | -€1,601 | -26.5% |
| Remuneration, social security and pensions | 62 | €152,205 | €143,972 | -€8,233 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,573 | €20,687 | +€114 | +0.6% |
| Other operating charges | 640/8 | €1,183 | €1,231 | +€48 | +4.1% |
| Gross operating margin | 9900 | €248,834 | €238,619 | -€10,215 | -4.1% |
| Operating profit (loss) | 9901 | €74,874 | €72,730 | -€2,144 | -2.9% |
| Financial income | 75/76B | €15,000 | €0 | -€15,000 | -100.0% |
| Recurring financial income | 75 | €15,000 | €0 | -€15,000 | -100.0% |
| Financial charges | 65/66B | €9,913 | €8,289 | -€1,624 | -16.4% |
| Recurring financial charges | 65 | €9,913 | €8,289 | -€1,624 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €79,961 | €64,441 | -€15,520 | -19.4% |
| Income taxes | 67/77 | €13,749 | €14,335 | +€586 | +4.3% |
| Profit (loss) for the period | 9904 | €66,212 | €50,106 | -€16,106 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,212 | €50,106 | -€16,106 | -24.3% |
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 23 October 2026 via checked.be.