DECEUNINCK FREDERIK: 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.
DECEUNINCK FREDERIK
Largest movements
- Tangible fixed assets +€806,967
up €806,967 (+37.6%), from €2.1m to €3.0m
of which Land and buildings: +€878,808
- Cash -€33,793
down €33,793 (-43.2%), from €78,315 to €44,522
mainly Investment in fixed assets (net) (-€1.2m) and Contributions, distributions and other (-€43,802)
- Debts after one year +€645,885
up €645,885 (+55.1%), from €1.2m to €1.8m
of which Financial debts: +€540,885
- Reserves +€101,999
up €101,999 (+20.0%), from €511,211 to €613,210
of which Distributable reserves: +€101,999
- Other debts +€61,920
up €61,920 (+42.9%), from €144,213 to €206,133
- Tax, wage and social debts -€41,755
down €41,755 (-17.4%), from €239,938 to €198,183
of which Remuneration and social security: -€47,422
- Gross operating margin +€259,255
up €259,255 (+16.5%), from €1.6m to €1.8m
- Depreciation +€130,727
up €130,727 (+50.6%), from €258,518 to €389,244
- Staff costs +€67,303
up €67,303 (+6.2%), from €1.1m to €1.1m
- Taxes +€24,726
up €24,726 (+44.0%), from €56,217 to €80,943
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 | €2,545,996 | €3,324,974 | +€778,979 | +30.6% |
| Fixed assets | 21/28 | €2,148,055 | €2,954,932 | +€806,876 | +37.6% |
| Intangible fixed assets | 21 | €91 | €0 | -€91 | -100% |
| Tangible fixed assets | 22/27 | €2,147,364 | €2,954,332 | +€806,967 | +37.6% |
| Land and buildings | 22 | €1,467,989 | €2,346,797 | +€878,808 | +59.9% |
| Plant, machinery and equipment | 23 | €587,826 | €545,811 | -€42,015 | -7.1% |
| Furniture and vehicles | 24 | €81,522 | €54,203 | -€27,319 | -33.5% |
| Other tangible fixed assets | 26 | €10,028 | €7,521 | -€2,507 | -25.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €397,940 | €370,043 | -€27,897 | -7.0% |
| Stocks and contracts in progress | 3 | €263,658 | €286,781 | +€23,123 | +8.8% |
| Stocks | 30/36 | €263,658 | €286,781 | +€23,123 | +8.8% |
| Amounts receivable within one year | 40/41 | €53,236 | €38,730 | -€14,506 | -27.2% |
| Trade receivables | 40 | €28,915 | €33,863 | +€4,949 | +17.1% |
| Other amounts receivable | 41 | €24,321 | €4,866 | -€19,455 | -80.0% |
| Current investments | 50/53 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €78,315 | €44,522 | -€33,793 | -43.2% |
| Deferred charges and accrued income | 490/1 | €2,732 | €0 | -€2,732 | -100% |
| Total equity and liabilities | 10/49 | €2,545,996 | €3,324,974 | +€778,979 | +30.6% |
| Equity | 10/15 | €573,711 | €675,710 | +€101,999 | +17.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €511,211 | €613,210 | +€101,999 | +20.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €504,961 | €606,960 | +€101,999 | +20.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,972,285 | €2,649,264 | +€676,980 | +34.3% |
| Amounts payable after more than one year | 17 | €1,172,319 | €1,818,205 | +€645,885 | +55.1% |
| Financial debts | 170/4 | €1,077,319 | €1,618,205 | +€540,885 | +50.2% |
| Other amounts payable | 178/9 | €95,000 | €200,000 | +€105,000 | +111% |
| Amounts payable within one year | 42/48 | €794,265 | €824,501 | +€30,236 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €209,899 | €227,723 | +€17,824 | +8.5% |
| Financial debts | 43 | €32,751 | €42,712 | +€9,961 | +30.4% |
| Credit institutions | 430/8 | €1,084 | €42,712 | +€41,628 | +3,839% |
| Other loans | 439 | €31,667 | €0 | -€31,667 | -100% |
| Trade debts | 44 | €167,464 | €149,749 | -€17,715 | -10.6% |
| Suppliers | 440/4 | €167,464 | €149,749 | -€17,715 | -10.6% |
| Taxes, remuneration and social security | 45 | €239,938 | €198,183 | -€41,755 | -17.4% |
| Taxes | 450/3 | €56,794 | €62,461 | +€5,667 | +10.0% |
| Remuneration and social security | 454/9 | €183,144 | €135,722 | -€47,422 | -25.9% |
| Other amounts payable | 47/48 | €144,213 | €206,133 | +€61,920 | +42.9% |
| Accrued charges and deferred income | 492/3 | €5,700 | €6,559 | +€859 | +15.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,080,430 | €1,147,733 | +€67,303 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,518 | €389,244 | +€130,727 | +50.6% |
| Other operating charges | 640/8 | €13,691 | €12,336 | -€1,356 | -9.9% |
| Gross operating margin | 9900 | €1,571,595 | €1,830,851 | +€259,255 | +16.5% |
| Operating profit (loss) | 9901 | €218,957 | €281,538 | +€62,581 | +28.6% |
| Financial income | 75/76B | €4,571 | €10,019 | +€5,448 | +119% |
| Recurring financial income | 75 | €4,571 | €10,019 | +€5,448 | +119% |
| Financial charges | 65/66B | €62,141 | €64,813 | +€2,672 | +4.3% |
| Recurring financial charges | 65 | €62,141 | €64,813 | +€2,672 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €161,387 | €226,744 | +€65,357 | +40.5% |
| Income taxes | 67/77 | €56,217 | €80,943 | +€24,726 | +44.0% |
| Profit (loss) for the period | 9904 | €105,170 | €145,801 | +€40,631 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,170 | €145,801 | +€40,631 | +38.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.