DECEM: 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.
DECEM
Largest movements
- Receivables within one year +€147,193
up €147,193 (+459.0%), from €32,065 to €179,258
of which Other amounts receivable: +€100,003
- Cash -€50,994
down €50,994 (-81.9%), from €62,232 to €11,238
mainly Receivables within one year (-€147,193) and Deferred charges and accrued income (-€2,177)
- Deferred charges and accrued income +€2,177
new in 2025: €2,177
- Reserves +€69,991
up €69,991 (+119.5%), from €58,547 to €128,538
- Tax, wage and social debts +€29,159
up €29,159 (+98.3%), from €29,650 to €58,809
of which Taxes: +€26,159
- Gross operating margin +€11,364
up €11,364 (+13.9%), from €81,734 to €93,098
- Taxes +€4,292
up €4,292 (+19.5%), from €21,955 to €26,247
- Financial income +€3,241
new in 2025: €3,241
- Depreciation -€1,064
no longer reported in 2025 (was €1,064)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,297 | €192,673 | +€98,375 | +104.3% |
| Current assets | 29/58 | €94,297 | €192,673 | +€98,375 | +104.3% |
| Amounts receivable within one year | 40/41 | €32,065 | €179,258 | +€147,193 | +459.0% |
| Trade receivables | 40 | €32,065 | €79,255 | +€47,190 | +147.2% |
| Other amounts receivable | 41 | - | €100,003 | +€100,003 | |
| Cash at bank and in hand | 54/58 | €62,232 | €11,238 | -€50,994 | -81.9% |
| Deferred charges and accrued income | 490/1 | - | €2,177 | +€2,177 | |
| Total equity and liabilities | 10/49 | €94,297 | €192,673 | +€98,375 | +104.3% |
| Equity | 10/15 | €61,547 | €131,538 | +€69,991 | +113.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €58,547 | €128,538 | +€69,991 | +119.5% |
| Distributable reserves | 133 | €58,547 | €128,538 | +€69,991 | +119.5% |
| Amounts payable | 17/49 | €32,750 | €61,135 | +€28,385 | +86.7% |
| Amounts payable within one year | 42/48 | €32,750 | €61,135 | +€28,385 | +86.7% |
| Trade debts | 44 | €434 | €823 | +€389 | +89.5% |
| Suppliers | 440/4 | €434 | €823 | +€389 | +89.5% |
| Taxes, remuneration and social security | 45 | €29,650 | €58,809 | +€29,159 | +98.3% |
| Taxes | 450/3 | €29,650 | €55,809 | +€26,159 | +88.2% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €2,666 | €1,503 | -€1,163 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,064 | - | -€1,064 | |
| Other operating charges | 640/8 | €157 | €73 | -€83 | -53.1% |
| Gross operating margin | 9900 | €81,734 | €93,098 | +€11,364 | +13.9% |
| Operating profit (loss) | 9901 | €80,514 | €93,024 | +€12,511 | +15.5% |
| Financial income | 75/76B | - | €3,241 | +€3,241 | |
| Recurring financial income | 75 | - | €3,241 | +€3,241 | |
| Financial charges | 65/66B | €12 | €28 | +€16 | +138.7% |
| Recurring financial charges | 65 | €12 | €28 | +€16 | +138.7% |
| Profit (loss) for the period before taxes | 9903 | €80,502 | €96,237 | +€15,736 | +19.5% |
| Income taxes | 67/77 | €21,955 | €26,247 | +€4,292 | +19.5% |
| Profit (loss) for the period | 9904 | €58,547 | €69,991 | +€11,444 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,547 | €69,991 | +€11,444 | +19.5% |
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 29 September 2026 via checked.be.