DECECE: 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.
DECECE
Largest movements
- Tangible fixed assets -€80,553
down €80,553 (-8.9%), from €905,116 to €824,562
of which Land and buildings: -€51,602
- Receivables within one year +€40,178
up €40,178 (+5,034%), from €798 to €40,976
of which Other amounts receivable: +€40,178
- Debts after one year -€101,700
down €101,700 (-14.2%), from €715,347 to €613,646
- Reserves +€44,403
up €44,403 (+15.5%), from €285,953 to €330,355
of which Distributable reserves: +€44,403
- Other debts +€32,207
up €32,207 (+60.3%), from €53,369 to €85,576
- Current portion of long-term debt -€15,016
down €15,016 (-12.9%), from €116,717 to €101,700
- Financial income +€40,000
up €40,000 (+199,999,900%), from €0 to €40,000
- Gross operating margin +€25,624
up €25,624 (+18.8%), from €136,028 to €161,652
- Taxes +€12,673
up €12,673 (+114%), from €11,082 to €23,755
- Financial charges -€7,725
down €7,725 (-15.5%), from €49,729 to €42,004
- Depreciation -€2,800
down €2,800 (-3.4%), from €83,353 to €80,553
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 | €1,330,748 | €1,298,361 | -€32,387 | -2.4% |
| Fixed assets | 21/28 | €1,314,154 | €1,233,600 | -€80,553 | -6.1% |
| Tangible fixed assets | 22/27 | €905,116 | €824,562 | -€80,553 | -8.9% |
| Land and buildings | 22 | €864,005 | €812,403 | -€51,602 | -6.0% |
| Furniture and vehicles | 24 | €41,111 | €12,160 | -€28,951 | -70.4% |
| Financial fixed assets | 28 | €409,038 | €409,038 | = | 0.0% |
| Current assets | 29/58 | €16,595 | €64,761 | +€48,167 | +290% |
| Amounts receivable within one year | 40/41 | €798 | €40,976 | +€40,178 | +5,034% |
| Trade receivables | 40 | €292 | €292 | = | 0.0% |
| Other amounts receivable | 41 | €506 | €40,684 | +€40,178 | +7,934% |
| Cash at bank and in hand | 54/58 | €735 | €10,528 | +€9,793 | +1,333% |
| Deferred charges and accrued income | 490/1 | €15,062 | €13,257 | -€1,805 | -12.0% |
| Total equity and liabilities | 10/49 | €1,330,748 | €1,298,361 | -€32,387 | -2.4% |
| Equity | 10/15 | €381,852 | €426,255 | +€44,403 | +11.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €33,926 | €33,926 | = | 0.0% |
| Reserves | 13 | €285,953 | €330,355 | +€44,403 | +15.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €279,755 | €324,158 | +€44,403 | +15.9% |
| Amounts payable | 17/49 | €948,896 | €872,107 | -€76,790 | -8.1% |
| Amounts payable after more than one year | 17 | €715,347 | €613,646 | -€101,700 | -14.2% |
| Financial debts | 170/4 | €715,347 | €613,646 | -€101,700 | -14.2% |
| Amounts payable within one year | 42/48 | €233,550 | €258,460 | +€24,911 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €116,717 | €101,700 | -€15,016 | -12.9% |
| Financial debts | 43 | €5,894 | €5,059 | -€835 | -14.2% |
| Credit institutions | 430/8 | €5,894 | €5,059 | -€835 | -14.2% |
| Trade debts | 44 | €46,462 | €47,760 | +€1,298 | +2.8% |
| Suppliers | 440/4 | €46,462 | €47,760 | +€1,298 | +2.8% |
| Taxes, remuneration and social security | 45 | €11,109 | €18,365 | +€7,256 | +65.3% |
| Taxes | 450/3 | €11,109 | €18,365 | +€7,256 | +65.3% |
| Other amounts payable | 47/48 | €53,369 | €85,576 | +€32,207 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,353 | €80,553 | -€2,800 | -3.4% |
| Other operating charges | 640/8 | €10,667 | €10,937 | +€270 | +2.5% |
| Gross operating margin | 9900 | €136,028 | €161,652 | +€25,624 | +18.8% |
| Operating profit (loss) | 9901 | €42,007 | €70,161 | +€28,154 | +67.0% |
| Financial income | 75/76B | €0 | €40,000 | +€40,000 | +199,999,900% |
| Recurring financial income | 75 | €0 | €40,000 | +€40,000 | +199,999,900% |
| Financial charges | 65/66B | €49,729 | €42,004 | -€7,725 | -15.5% |
| Recurring financial charges | 65 | €49,729 | €42,004 | -€7,725 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,722 | €68,158 | +€75,879 | |
| Income taxes | 67/77 | €11,082 | €23,755 | +€12,673 | +114% |
| Profit (loss) for the period | 9904 | -€18,804 | €44,403 | +€63,207 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,804 | €44,403 | +€63,207 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.