DECEUNINCK: 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
DECEUNINCK
NACE 22.210, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€17.4m
2024 · €27.4m-€10.0m
Equity
€206.5m
2024 · €201.6m+€4.9m
Cash
€2.4m
2024 · €4.1m-€1.7m
Balance sheet total
€459.7m
2024 · €445.8m+€13.8m
Largest movements
Assets
- Financial fixed assets +€23.9m
up €23.9m (+8.9%), from €269.4m to €293.3m
of which Affiliated companies: +€23.0m
- Current investments -€8.5m
down €8.5m (-92.0%), from €9.2m to €732,882
of which Other investments: -€8.0m
Equity and liabilities
- Short-term financial debts +€19.3m
up €19.3m (+2778.4%), from €693,222 to €20.0m
of which Credit institutions: +€19.3m
- Debts after one year -€8.1m
down €8.1m (-10.0%), from €81.3m to €73.1m
- Trade debts -€6.1m
down €6.1m (-16.3%), from €37.6m to €31.5m
- Profit (loss) carried forward +€4.9m
up €4.9m (+13.6%), from €36.1m to €41.1m
Income statement
- Financial income -€19.7m
down €19.7m (-43.6%), from €45.1m to €25.4m
of which Financial income: -€14.7m
- Goods and materials -€14.6m
down €14.6m (-11.1%), from €131.1m to €116.5m
of which Purchases: -€13.7m
- Turnover -€12.4m
down €12.4m (-5.4%), from €229.7m to €217.4m
- Other operating charges -€4.6m
down €4.6m (-69.0%), from €6.6m to €2.1m
- Financial charges -€4.4m
down €4.4m (-27.6%), from €16.1m to €11.6m
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
€27.4m
Turnover
-€12.4m
Other operating income
-€711,976
Goods and materials
+€14.6m
Services and other goods
+€117,217
Staff costs
+€16,172
Depreciation
+€233,915
Write-downs
-€192,073
Provisions
-€56,502
Other operating charges
+€4.6m
Other operating items
-€584,411
Financial income
-€19.7m
Financial charges
+€4.4m
Taxes
-€429,088
Result 2025
€17.4m
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
+€22.9m
Investment
-€23.4m
Financing
-€1.3m
Cash 2024
€4.1m
From operations (derived)
+€22.9m
Net result for the year
+€17.4m
Depreciation
+€7.4m
Stocks and contracts
+€1.2m
Receivables within one year
+€1.5m
Deferred charges and accrued income
-€2.3m
Provisions
-€215,064
Trade debts
-€6.1m
Tax, wage and social debts
+€500,066
Other debts
+€2.8m
Accrued charges and deferred income
+€881,521
Investment (derived)
-€23.4m
Investment in fixed assets (net)
-€31.8m
Current investments
+€8.5m
Financing
-€1.3m
Debts after one year
-€8.1m
Current portion of long-term debt
+€5,927
Short-term financial debts
+€19.3m
Contributions, distributions and other
-€12.4m
Cash 2025
€2.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €445,821,279 | €459,654,256 | +€13.8m | +3.1% |
| Fixed assets | 21/28 | €317,903,884 | €342,352,934 | +€24.4m | +7.7% |
| Intangible fixed assets | 21 | €826,229 | €629,797 | -€196,432 | -23.8% |
| Tangible fixed assets | 22/27 | €47,658,151 | €48,450,656 | +€792,505 | +1.7% |
| Land and buildings | 22 | €13,297,228 | €14,572,130 | +€1.3m | +9.6% |
| Plant, machinery and equipment | 23 | €26,493,077 | €26,227,672 | -€265,405 | -1.0% |
| Furniture and vehicles | 24 | €1,617,910 | €2,216,522 | +€598,612 | +37.0% |
| Assets under construction and advance payments | 27 | €6,249,936 | €5,434,332 | -€815,604 | -13.0% |
| Financial fixed assets | 28 | €269,419,504 | €293,272,481 | +€23.9m | +8.9% |
| Affiliated companies | 280/1 | €269,361,470 | €292,405,286 | +€23.0m | +8.6% |
| Participating interests | 280 | €205,919,808 | €235,250,876 | +€29.3m | +14.2% |
| Amounts receivable | 281 | €63,441,662 | €57,154,410 | -€6.3m | -9.9% |
| Other financial fixed assets | 284/8 | €58,034 | €867,195 | +€809,161 | +1394.3% |
| Shares | 284 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €55,034 | €864,195 | +€809,161 | +1470.3% |
| Current assets | 29/58 | €127,917,395 | €117,301,322 | -€10.6m | -8.3% |
| Stocks and contracts in progress | 3 | €31,268,519 | €30,055,415 | -€1.2m | -3.9% |
| Stocks | 30/36 | €31,268,519 | €30,055,415 | -€1.2m | -3.9% |
| Raw materials and consumables | 30/31 | €11,733,545 | €11,101,309 | -€632,236 | -5.4% |
| Work in progress | 32 | €1,316,248 | €1,632,259 | +€316,011 | +24.0% |
| Finished goods | 33 | €9,742,243 | €8,978,212 | -€764,031 | -7.8% |
| Goods purchased for resale | 34 | €8,476,483 | €8,343,635 | -€132,848 | -1.6% |
| Amounts receivable within one year | 40/41 | €78,603,709 | €77,143,984 | -€1.5m | -1.9% |
| Trade receivables | 40 | €39,757,732 | €45,591,014 | +€5.8m | +14.7% |
| Other amounts receivable | 41 | €38,845,977 | €31,552,970 | -€7.3m | -18.8% |
| Current investments | 50/53 | €9,215,377 | €732,882 | -€8.5m | -92.0% |
| Own shares | 50 | €1,215,377 | €732,882 | -€482,495 | -39.7% |
| Other investments | 51/53 | €8,000,000 | - | -€8.0m | |
| Cash at bank and in hand | 54/58 | €4,129,459 | €2,402,936 | -€1.7m | -41.8% |
| Deferred charges and accrued income | 490/1 | €4,700,331 | €6,966,105 | +€2.3m | +48.2% |
| Total equity and liabilities | 10/49 | €445,821,279 | €459,654,256 | +€13.8m | +3.1% |
| Equity | 10/15 | €201,602,784 | €206,531,723 | +€4.9m | +2.4% |
| Contributions | 10/11 | €149,931,177 | €149,931,177 | = | 0.0% |
| Capital | 10 | €54,640,260 | €54,640,260 | = | 0.0% |
| Issued capital | 100 | €54,640,260 | €54,640,260 | = | 0.0% |
| Outside capital | 11 | €95,290,917 | €95,290,917 | = | 0.0% |
| Share premium | 1100/10 | €95,290,917 | €95,290,917 | = | 0.0% |
| Reserves | 13 | €15,539,511 | €15,539,511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,802,312 | €6,319,817 | -€482,495 | -7.1% |
| Legal reserve | 130 | €5,464,026 | €5,464,026 | = | 0.0% |
| Own shares acquired | 1312 | €1,215,377 | €732,882 | -€482,495 | -39.7% |
| Other | 1319 | €122,909 | €122,909 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,493,933 | €1,493,933 | = | 0.0% |
| Distributable reserves | 133 | €7,243,266 | €7,725,761 | +€482,495 | +6.7% |
| Profit (loss) carried forward | 14 | €36,132,096 | €41,061,035 | +€4.9m | +13.6% |
| Provisions and deferred taxes | 16 | €1,584,106 | €1,369,042 | -€215,064 | -13.6% |
| Provisions for liabilities and charges | 160/5 | €1,584,106 | €1,369,042 | -€215,064 | -13.6% |
| Pensions and similar obligations | 160 | €74,979 | €59,891 | -€15,088 | -20.1% |
| Other liabilities and charges | 164/5 | €1,509,127 | €1,309,151 | -€199,976 | -13.3% |
| Amounts payable | 17/49 | €242,634,389 | €251,753,491 | +€9.1m | +3.8% |
| Amounts payable after more than one year | 17 | €81,259,913 | €73,113,609 | -€8.1m | -10.0% |
| Financial debts | 170/4 | €81,259,913 | €73,113,609 | -€8.1m | -10.0% |
| Credit institutions | 173 | €81,259,913 | €73,113,609 | -€8.1m | -10.0% |
| Amounts payable within one year | 42/48 | €160,035,077 | €176,418,962 | +€16.4m | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €140,377 | €146,304 | +€5,927 | +4.2% |
| Financial debts | 43 | €693,222 | €19,953,580 | +€19.3m | +2778.4% |
| Credit institutions | 430/8 | - | €19,333,488 | +€19.3m | |
| Other loans | 439 | €693,222 | €620,092 | -€73,130 | -10.5% |
| Trade debts | 44 | €37,630,212 | €31,485,424 | -€6.1m | -16.3% |
| Suppliers | 440/4 | €37,630,212 | €31,485,424 | -€6.1m | -16.3% |
| Taxes, remuneration and social security | 45 | €9,219,467 | €9,719,533 | +€500,066 | +5.4% |
| Taxes | 450/3 | €1,524,088 | €1,607,456 | +€83,368 | +5.5% |
| Remuneration and social security | 454/9 | €7,695,379 | €8,112,077 | +€416,698 | +5.4% |
| Other amounts payable | 47/48 | €112,351,799 | €115,114,121 | +€2.8m | +2.5% |
| Accrued charges and deferred income | 492/3 | €1,339,399 | €2,220,920 | +€881,521 | +65.8% |
| Operating income | 70/76A | €252,666,211 | €239,109,433 | -€13.6m | -5.4% |
| Turnover | 70 | €229,739,243 | €217,386,833 | -€12.4m | -5.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€410,203 | -€833,918 | -€423,715 | -103.3% |
| Own construction capitalised | 72 | €660,585 | €1,018,795 | +€358,210 | +54.2% |
| Other operating income | 74 | €22,101,888 | €21,389,912 | -€711,976 | -3.2% |
| Non-recurring operating income | 76A | €574,698 | €147,811 | -€426,887 | -74.3% |
| Operating charges | 60/66A | €254,072,394 | €234,868,916 | -€19.2m | -7.6% |
| Goods for resale, raw materials and consumables | 60 | €131,098,247 | €116,499,143 | -€14.6m | -11.1% |
| Purchases | 600/8 | €129,473,349 | €115,738,810 | -€13.7m | -10.6% |
| Change in stocks: decrease (increase) | 609 | €1,624,898 | €760,333 | -€864,565 | -53.2% |
| Services and other goods | 61 | €55,372,487 | €55,255,270 | -€117,217 | -0.2% |
| Remuneration, social security and pensions | 62 | €54,156,246 | €54,140,074 | -€16,172 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,620,716 | €7,386,801 | -€233,915 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€574,466 | -€382,393 | +€192,073 | +33.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€271,566 | -€215,064 | +€56,502 | +20.8% |
| Other operating charges | 640/8 | €6,629,654 | €2,051,990 | -€4.6m | -69.0% |
| Non-recurring operating charges | 66A | €41,076 | €133,095 | +€92,019 | +224.0% |
| Operating profit (loss) | 9901 | -€1,406,183 | €4,240,517 | +€5.6m | |
| Financial income | 75/76B | €45,067,233 | €25,410,234 | -€19.7m | -43.6% |
| Recurring financial income | 75 | €40,148,951 | €25,410,234 | -€14.7m | -36.7% |
| Income from financial fixed assets | 750 | €34,724,677 | €19,872,890 | -€14.9m | -42.8% |
| Income from current assets | 751 | €1,358,560 | €192,451 | -€1.2m | -85.8% |
| Other financial income | 752/9 | €4,065,714 | €5,344,893 | +€1.3m | +31.5% |
| Non-recurring financial income | 76B | €4,918,282 | - | -€4.9m | |
| Financial charges | 65/66B | €16,058,736 | €11,621,731 | -€4.4m | -27.6% |
| Recurring financial charges | 65 | €16,058,736 | €11,621,731 | -€4.4m | -27.6% |
| Debt charges | 650 | €8,809,332 | €6,738,708 | -€2.1m | -23.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €439,237 | €165,155 | -€274,082 | -62.4% |
| Other financial charges | 652/9 | €6,810,167 | €4,717,868 | -€2.1m | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €27,602,314 | €18,029,020 | -€9.6m | -34.7% |
| Income taxes | 67/77 | €228,879 | €657,967 | +€429,088 | +187.5% |
| Taxes | 670/3 | €467,583 | €738,128 | +€270,545 | +57.9% |
| Tax adjustments and reversals of tax provisions | 77 | €238,704 | €80,161 | -€158,543 | -66.4% |
| Profit (loss) for the period | 9904 | €27,373,435 | €17,371,053 | -€10.0m | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,373,435 | €17,371,053 | -€10.0m | -36.5% |
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.