DECLA ADVICE: 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.
DECLA ADVICE
Largest movements
- Tangible fixed assets +€619,027
up €619,027 (+44.9%), from €1.4m to €2.0m
of which Land and buildings: +€534,574
- Receivables within one year -€122,241
down €122,241 (-86.3%), from €141,719 to €19,478
of which Other amounts receivable: -€133,346
- Cash -€107,226
down €107,226 (-93.5%), from €114,691 to €7,465
mainly Investment in fixed assets (net) (-€725,703) and Net result for the year (-€52,574)
- Debts after one year +€371,544
up €371,544 (+30.9%), from €1.2m to €1.6m
of which Financial debts: +€371,544
- Profit (loss) carried forward -€52,574
down €52,574 (-180.3%), from -€29,155 to -€81,729
- Other debts +€42,701
up €42,701 (+45964.5%), from €93 to €42,794
- Current portion of long-term debt +€32,009
up €32,009 (+153.2%), from €20,889 to €52,898
- Investment grants -€21,172
down €21,172 (-7.9%), from €266,662 to €245,490
- Depreciation +€89,684
up €89,684 (+527.8%), from €16,992 to €106,676
- Gross operating margin +€72,394
up €72,394 (+354.5%), from €20,420 to €92,814
- Financial charges +€18,020
up €18,020 (+55.9%), from €32,246 to €50,266
- Financial income +€12,587
up €12,587 (+2006.5%), from €627 to €13,214
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 | €1,637,194 | €2,027,271 | +€390,077 | +23.8% |
| Fixed assets | 21/28 | €1,379,403 | €1,998,430 | +€619,027 | +44.9% |
| Tangible fixed assets | 22/27 | €1,379,403 | €1,998,430 | +€619,027 | +44.9% |
| Land and buildings | 22 | €1,284,806 | €1,819,380 | +€534,574 | +41.6% |
| Plant, machinery and equipment | 23 | €1,708 | €74,437 | +€72,729 | +4259.1% |
| Furniture and vehicles | 24 | €11,705 | €30,925 | +€19,220 | +164.2% |
| Leasing and similar rights | 25 | €5,533 | €0 | -€5,533 | -100.0% |
| Other tangible fixed assets | 26 | €75,651 | €73,688 | -€1,963 | -2.6% |
| Current assets | 29/58 | €257,792 | €28,842 | -€228,950 | -88.8% |
| Stocks and contracts in progress | 3 | - | €1,824 | +€1,824 | |
| Stocks | 30/36 | - | €1,824 | +€1,824 | |
| Amounts receivable within one year | 40/41 | €141,719 | €19,478 | -€122,241 | -86.3% |
| Trade receivables | 40 | €8,158 | €19,263 | +€11,104 | +136.1% |
| Other amounts receivable | 41 | €133,561 | €215 | -€133,346 | -99.8% |
| Cash at bank and in hand | 54/58 | €114,691 | €7,465 | -€107,226 | -93.5% |
| Deferred charges and accrued income | 490/1 | €1,381 | €75 | -€1,306 | -94.6% |
| Total equity and liabilities | 10/49 | €1,637,194 | €2,027,271 | +€390,077 | +23.8% |
| Equity | 10/15 | €391,324 | €317,578 | -€73,746 | -18.8% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €35,217 | €35,217 | = | 0.0% |
| Distributable reserves | 133 | €35,217 | €35,217 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,155 | -€81,729 | -€52,574 | -180.3% |
| Investment grants | 15 | €266,662 | €245,490 | -€21,172 | -7.9% |
| Amounts payable | 17/49 | €1,245,870 | €1,709,693 | +€463,823 | +37.2% |
| Amounts payable after more than one year | 17 | €1,202,979 | €1,574,523 | +€371,544 | +30.9% |
| Financial debts | 170/4 | €1,140,979 | €1,512,523 | +€371,544 | +32.6% |
| Other amounts payable | 178/9 | €62,000 | €62,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,891 | €134,393 | +€91,501 | +213.3% |
| Current portion of amounts payable after more than one year | 42 | €20,889 | €52,898 | +€32,009 | +153.2% |
| Trade debts | 44 | €17,380 | €17,891 | +€511 | +2.9% |
| Suppliers | 440/4 | €17,380 | €17,891 | +€511 | +2.9% |
| Advances received on contracts in progress | 46 | - | €13,150 | +€13,150 | |
| Taxes, remuneration and social security | 45 | €4,529 | €7,659 | +€3,130 | +69.1% |
| Taxes | 450/3 | €4,529 | €7,659 | +€3,130 | +69.1% |
| Other amounts payable | 47/48 | €93 | €42,794 | +€42,701 | +45964.5% |
| Accrued charges and deferred income | 492/3 | €0 | €778 | +€778 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,992 | €106,676 | +€89,684 | +527.8% |
| Other operating charges | 640/8 | €776 | €1,661 | +€885 | +114.0% |
| Gross operating margin | 9900 | €20,420 | €92,814 | +€72,394 | +354.5% |
| Operating profit (loss) | 9901 | €2,652 | -€15,523 | -€18,175 | |
| Financial income | 75/76B | €627 | €13,214 | +€12,587 | +2006.5% |
| Recurring financial income | 75 | €627 | €13,214 | +€12,587 | +2006.5% |
| Financial charges | 65/66B | €32,246 | €50,266 | +€18,020 | +55.9% |
| Recurring financial charges | 65 | €32,246 | €50,266 | +€18,020 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | -€28,966 | -€52,574 | -€23,608 | -81.5% |
| Income taxes | 67/77 | €188 | €0 | -€188 | -100.0% |
| Profit (loss) for the period | 9904 | -€29,155 | -€52,574 | -€23,420 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,155 | -€52,574 | -€23,420 | -80.3% |
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 7 October 2026 via checked.be.