DECITEX: 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.
DECITEX
Largest movements
- Financial fixed assets +€3.5m
up €3.5m (+47.3%), from €7.3m to €10.8m
- Current investments -€2.0m
no longer reported in 2025 (was €2.0m)
- Receivables after one year +€1.4m
up €1.4m (+101.3%), from €1.3m to €2.7m
- Cash +€325,413
up €325,413 (+1102.2%), from €29,524 to €354,937
mainly Other debts (+€2.8m) and Current investments (+€2.0m)
- Other debts +€2.8m
new in 2025: €2.8m
- Reserves +€316,483
up €316,483 (+6.2%), from €5.1m to €5.5m
of which Distributable reserves: +€284,483
- Financial income -€39,330
down €39,330 (-9.3%), from €422,902 to €383,572
- Financial charges -€32,378
down €32,378 (-95.4%), from €33,925 to €1,547
of which Non-recurring financial charges: -€37,500
- Gross operating margin -€19,264
down €19,264, from €7,842 to -€11,422
- Depreciation -€9,235
down €9,235 (-30.6%), from €30,145 to €20,910
- Taxes +€1,993
up €1,993 (+7.9%), from €25,341 to €27,334
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 | €11,233,389 | €14,330,542 | +€3.1m | +27.6% |
| Fixed assets | 21/28 | €7,599,648 | €11,060,723 | +€3.5m | +45.5% |
| Tangible fixed assets | 22/27 | €251,873 | €235,888 | -€15,985 | -6.3% |
| Land and buildings | 22 | €186,267 | €184,106 | -€2,161 | -1.2% |
| Plant, machinery and equipment | 23 | €1,182 | €110 | -€1,072 | -90.7% |
| Furniture and vehicles | 24 | €16,350 | €3,598 | -€12,752 | -78.0% |
| Other tangible fixed assets | 26 | €48,074 | €48,074 | = | 0.0% |
| Financial fixed assets | 28 | €7,347,775 | €10,824,835 | +€3.5m | +47.3% |
| Current assets | 29/58 | €3,633,741 | €3,269,819 | -€363,922 | -10.0% |
| Amounts receivable after more than one year | 29 | €1,342,000 | €2,702,000 | +€1.4m | +101.3% |
| Other amounts receivable | 291 | €1,342,000 | €2,702,000 | +€1.4m | +101.3% |
| Amounts receivable within one year | 40/41 | €235,879 | €202,816 | -€33,063 | -14.0% |
| Trade receivables | 40 | €12,899 | €6,848 | -€6,051 | -46.9% |
| Other amounts receivable | 41 | €222,980 | €195,968 | -€27,012 | -12.1% |
| Current investments | 50/53 | €2,012,943 | - | -€2.0m | |
| Cash at bank and in hand | 54/58 | €29,524 | €354,937 | +€325,413 | +1102.2% |
| Deferred charges and accrued income | 490/1 | €13,395 | €10,066 | -€3,329 | -24.9% |
| Total equity and liabilities | 10/49 | €11,233,389 | €14,330,542 | +€3.1m | +27.6% |
| Equity | 10/15 | €11,200,244 | €11,516,727 | +€316,483 | +2.8% |
| Contributions | 10/11 | €5,515,108 | €5,515,108 | = | 0.0% |
| Capital | 10 | €5,515,108 | €5,515,108 | = | 0.0% |
| Issued capital | 100 | €5,515,108 | €5,515,108 | = | 0.0% |
| Revaluation surpluses | 12 | €545,567 | €545,567 | = | 0.0% |
| Reserves | 13 | €5,139,569 | €5,456,052 | +€316,483 | +6.2% |
| Non-distributable reserves | 130/1 | €341,000 | €373,000 | +€32,000 | +9.4% |
| Legal reserve | 130 | €341,000 | €373,000 | +€32,000 | +9.4% |
| Distributable reserves | 133 | €4,798,569 | €5,083,052 | +€284,483 | +5.9% |
| Amounts payable | 17/49 | €33,145 | €2,813,815 | +€2.8m | +8389.4% |
| Amounts payable within one year | 42/48 | €29,820 | €2,810,977 | +€2.8m | +9326.5% |
| Trade debts | 44 | €1,976 | €118 | -€1,858 | -94.0% |
| Suppliers | 440/4 | €1,976 | €118 | -€1,858 | -94.0% |
| Taxes, remuneration and social security | 45 | €27,844 | €29,211 | +€1,367 | +4.9% |
| Taxes | 450/3 | €27,844 | €29,211 | +€1,367 | +4.9% |
| Other amounts payable | 47/48 | - | €2,781,648 | +€2.8m | |
| Accrued charges and deferred income | 492/3 | €3,325 | €2,838 | -€487 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,145 | €20,910 | -€9,235 | -30.6% |
| Other operating charges | 640/8 | €6,360 | €5,875 | -€485 | -7.6% |
| Gross operating margin | 9900 | €7,842 | -€11,422 | -€19,264 | |
| Operating profit (loss) | 9901 | -€28,663 | -€38,207 | -€9,544 | -33.3% |
| Financial income | 75/76B | €422,902 | €383,572 | -€39,330 | -9.3% |
| Recurring financial income | 75 | €422,902 | €383,572 | -€39,330 | -9.3% |
| Financial charges | 65/66B | €33,925 | €1,547 | -€32,378 | -95.4% |
| Recurring financial charges | 65 | -€3,575 | €1,547 | +€5,122 | |
| Non-recurring financial charges | 66B | €37,500 | - | -€37,500 | |
| Profit (loss) for the period before taxes | 9903 | €360,314 | €343,818 | -€16,496 | -4.6% |
| Income taxes | 67/77 | €25,341 | €27,334 | +€1,993 | +7.9% |
| Profit (loss) for the period | 9904 | €334,973 | €316,484 | -€18,489 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €334,973 | €316,484 | -€18,489 | -5.5% |
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 9 October 2026 via checked.be.