DECEYS: 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.
DECEYS
Largest movements
- Receivables within one year +€74,956
up €74,956 (+386%), from €19,432 to €94,388
of which Trade receivables: +€78,377
- Cash -€25,910
down €25,910 (-60.4%), from €42,905 to €16,995
mainly Receivables within one year (-€74,956) and Debts after one year (-€37,102)
- Tangible fixed assets -€15,229
down €15,229 (-3.1%), from €496,572 to €481,343
of which Land and buildings: -€13,009
- Debts after one year -€37,102
down €37,102 (-18.4%), from €201,384 to €164,282
of which Financial debts: -€62,427
- Trade debts +€32,946
up €32,946 (+362%), from €9,098 to €42,044
- Profit (loss) carried forward +€22,944
no longer reported in 2025 (was -€22,944)
- Tax, wage and social debts +€8,239
up €8,239 (+79.5%), from €10,370 to €18,609
- Gross operating margin +€10,938
up €10,938 (+18.5%), from €59,196 to €70,134
- Depreciation +€2,857
up €2,857 (+10.5%), from €27,204 to €30,061
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 | €569,119 | €602,381 | +€33,262 | +5.8% |
| Fixed assets | 21/28 | €496,572 | €481,343 | -€15,229 | -3.1% |
| Tangible fixed assets | 22/27 | €496,572 | €481,343 | -€15,229 | -3.1% |
| Land and buildings | 22 | €475,066 | €462,056 | -€13,009 | -2.7% |
| Plant, machinery and equipment | 23 | €298 | €2,745 | +€2,447 | +821% |
| Furniture and vehicles | 24 | €21,209 | €16,541 | -€4,667 | -22.0% |
| Current assets | 29/58 | €72,547 | €121,038 | +€48,491 | +66.8% |
| Stocks and contracts in progress | 3 | €8,602 | €8,035 | -€567 | -6.6% |
| Stocks | 30/36 | €8,602 | €8,035 | -€567 | -6.6% |
| Amounts receivable within one year | 40/41 | €19,432 | €94,388 | +€74,956 | +386% |
| Trade receivables | 40 | €15,739 | €94,116 | +€78,377 | +498% |
| Other amounts receivable | 41 | €3,693 | €272 | -€3,421 | -92.6% |
| Cash at bank and in hand | 54/58 | €42,905 | €16,995 | -€25,910 | -60.4% |
| Deferred charges and accrued income | 490/1 | €1,608 | €1,620 | +€12 | +0.7% |
| Total equity and liabilities | 10/49 | €569,119 | €602,381 | +€33,262 | +5.8% |
| Equity | 10/15 | €328,026 | €356,475 | +€28,449 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €330,510 | €330,510 | = | 0.0% |
| Reserves | 13 | €1,860 | €7,365 | +€5,505 | +296% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €5,505 | +€5,505 | |
| Profit (loss) carried forward | 14 | -€22,944 | - | +€22,944 | |
| Amounts payable | 17/49 | €241,093 | €245,905 | +€4,812 | +2.0% |
| Amounts payable after more than one year | 17 | €201,384 | €164,282 | -€37,102 | -18.4% |
| Financial debts | 170/4 | €201,384 | €138,957 | -€62,427 | -31.0% |
| Other amounts payable | 178/9 | - | €25,325 | +€25,325 | |
| Amounts payable within one year | 42/48 | €39,501 | €81,605 | +€42,103 | +107% |
| Current portion of amounts payable after more than one year | 42 | €20,033 | €20,951 | +€918 | +4.6% |
| Trade debts | 44 | €9,098 | €42,044 | +€32,946 | +362% |
| Suppliers | 440/4 | €9,098 | €42,044 | +€32,946 | +362% |
| Taxes, remuneration and social security | 45 | €10,370 | €18,609 | +€8,239 | +79.5% |
| Taxes | 450/3 | €10,370 | €18,609 | +€8,239 | +79.5% |
| Accrued charges and deferred income | 492/3 | €208 | €19 | -€189 | -91.1% |
| Non-recurring operating income | 76A | €5,492 | €502 | -€4,990 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,204 | €30,061 | +€2,857 | +10.5% |
| Other operating charges | 640/8 | €3,747 | €3,529 | -€218 | -5.8% |
| Gross operating margin | 9900 | €59,196 | €70,134 | +€10,938 | +18.5% |
| Operating profit (loss) | 9901 | €28,244 | €36,544 | +€8,299 | +29.4% |
| Financial income | 75/76B | €466 | €1 | -€464 | -99.7% |
| Recurring financial income | 75 | €466 | €1 | -€464 | -99.7% |
| Financial charges | 65/66B | €7,544 | €7,545 | +€1 | 0.0% |
| Recurring financial charges | 65 | €7,544 | €7,545 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €21,166 | €29,000 | +€7,834 | +37.0% |
| Income taxes | 67/77 | - | €551 | +€551 | |
| Profit (loss) for the period | 9904 | €21,166 | €28,449 | +€7,283 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,166 | €28,449 | +€7,283 | +34.4% |
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 14 October 2026 via checked.be.