DECLA BOUW: 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.
What changed
DECLA BOUW
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,643
2024 · €50,107-€48,464
Equity
€87,335
2024 · €85,692+€1,643
Cash
€2,764
2024 · €2,674+€90
Balance sheet total
€918,680
2024 · €1.1m-€227,667
Largest movements
Assets
- Receivables within one year -€197,009
down €197,009 (-37.6%), from €523,978 to €326,969
of which Trade receivables: -€205,941
- Deferred charges and accrued income -€30,227
down €30,227 (-95.3%), from €31,716 to €1,489
Equity and liabilities
- Other debts -€120,357
down €120,357 (-28.1%), from €428,265 to €307,907
- Current portion of long-term debt -€55,977
down €55,977 (-53.6%), from €104,489 to €48,512
- Debts after one year -€54,895
down €54,895 (-14.9%), from €367,345 to €312,450
- Short-term financial debts +€50,000
new in 2025: €50,000
- Advances received -€32,670
down €32,670 (-100.0%), from €32,670 to €0
Income statement
- Gross operating margin -€56,598
down €56,598 (-39.2%), from €144,525 to €87,928
- Depreciation -€7,200
down €7,200 (-10.5%), from €68,262 to €61,062
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
€50,107
Gross operating margin
-€56,598
Staff costs
+€364
Depreciation
+€7,200
Other operating charges
-€670
Financial income
+€129
Financial charges
+€953
Taxes
+€158
Result 2025
€1,643
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
+€121,576
Investment
-€60,614
Financing
-€60,872
Cash 2024
€2,674
From operations (derived)
+€121,576
Net result for the year
+€1,643
Depreciation
+€61,062
Stocks and contracts
+€73
Receivables within one year
+€197,009
Deferred charges and accrued income
+€30,227
Trade debts
-€14,505
Tax, wage and social debts
-€905
Advances received
-€32,670
Other debts
-€120,357
Investment (derived)
-€60,614
Investment in fixed assets (net)
-€60,614
Financing
-€60,872
Debts after one year
-€54,895
Current portion of long-term debt
-€55,977
Short-term financial debts
+€50,000
Cash 2025
€2,764
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,146,346 | €918,680 | -€227,667 | -19.9% |
| Fixed assets | 21/28 | €561,473 | €561,025 | -€448 | -0.1% |
| Tangible fixed assets | 22/27 | €559,964 | €558,986 | -€978 | -0.2% |
| Land and buildings | 22 | €449,640 | €427,407 | -€22,232 | -4.9% |
| Plant, machinery and equipment | 23 | €15,876 | €58,150 | +€42,275 | +266.3% |
| Furniture and vehicles | 24 | €13,497 | €16,616 | +€3,119 | +23.1% |
| Leasing and similar rights | 25 | €80,952 | €56,812 | -€24,140 | -29.8% |
| Financial fixed assets | 28 | €1,509 | €2,039 | +€530 | +35.1% |
| Current assets | 29/58 | €584,873 | €357,655 | -€227,218 | -38.8% |
| Stocks and contracts in progress | 3 | €26,506 | €26,433 | -€73 | -0.3% |
| Stocks | 30/36 | €26,506 | €26,433 | -€73 | -0.3% |
| Amounts receivable within one year | 40/41 | €523,978 | €326,969 | -€197,009 | -37.6% |
| Trade receivables | 40 | €453,310 | €247,369 | -€205,941 | -45.4% |
| Other amounts receivable | 41 | €70,668 | €79,600 | +€8,932 | +12.6% |
| Cash at bank and in hand | 54/58 | €2,674 | €2,764 | +€90 | +3.4% |
| Deferred charges and accrued income | 490/1 | €31,716 | €1,489 | -€30,227 | -95.3% |
| Total equity and liabilities | 10/49 | €1,146,346 | €918,680 | -€227,667 | -19.9% |
| Equity | 10/15 | €85,692 | €87,335 | +€1,643 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,144 | €68,091 | -€30,053 | -30.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €91 | €91 | = | 0.0% |
| Distributable reserves | 133 | €96,193 | €68,000 | -€28,193 | -29.3% |
| Profit (loss) carried forward | 14 | -€31,052 | €644 | +€31,697 | |
| Amounts payable | 17/49 | €1,060,655 | €831,345 | -€229,310 | -21.6% |
| Amounts payable after more than one year | 17 | €367,345 | €312,450 | -€54,895 | -14.9% |
| Financial debts | 170/4 | €367,345 | €312,450 | -€54,895 | -14.9% |
| Amounts payable within one year | 42/48 | €693,309 | €518,895 | -€174,415 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €104,489 | €48,512 | -€55,977 | -53.6% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €126,349 | €111,844 | -€14,505 | -11.5% |
| Suppliers | 440/4 | €126,349 | €111,844 | -€14,505 | -11.5% |
| Advances received on contracts in progress | 46 | €32,670 | €0 | -€32,670 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,537 | €631 | -€905 | -58.9% |
| Taxes | 450/3 | €1,537 | €631 | -€905 | -58.9% |
| Other amounts payable | 47/48 | €428,265 | €307,907 | -€120,357 | -28.1% |
| Remuneration, social security and pensions | 62 | €364 | €0 | -€364 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,262 | €61,062 | -€7,200 | -10.5% |
| Other operating charges | 640/8 | €4,968 | €5,638 | +€670 | +13.5% |
| Gross operating margin | 9900 | €144,525 | €87,928 | -€56,598 | -39.2% |
| Operating profit (loss) | 9901 | €70,931 | €21,227 | -€49,704 | -70.1% |
| Financial income | 75/76B | €14 | €143 | +€129 | +917.0% |
| Recurring financial income | 75 | €14 | €143 | +€129 | +917.0% |
| Financial charges | 65/66B | €20,080 | €19,127 | -€953 | -4.7% |
| Recurring financial charges | 65 | €20,080 | €19,127 | -€953 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €50,866 | €2,243 | -€48,622 | -95.6% |
| Income taxes | 67/77 | €758 | €600 | -€158 | -20.9% |
| Profit (loss) for the period | 9904 | €50,107 | €1,643 | -€48,464 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,107 | €1,643 | -€48,464 | -96.7% |
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 11 October 2026 via checked.be.