DECLINOX CONSTRUCTION: 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.
DECLINOX CONSTRUCTION
Largest movements
- Receivables within one year +€10,334
up €10,334 (+20.7%), from €49,858 to €60,192
of which Trade receivables: +€12,148
- Tangible fixed assets -€5,781
down €5,781 (-4.7%), from €122,961 to €117,181
- Cash +€4,484
up €4,484 (+2.9%), from €152,885 to €157,369
mainly Net result for the year (+€43,984) and Depreciation (+€17,270)
- Debts after one year -€11,472
down €11,472 (-20.0%), from €57,280 to €45,809
- Reserves +€8,057
up €8,057 (+5.3%), from €152,791 to €160,848
- Tax, wage and social debts +€5,966
up €5,966 (+46.7%), from €12,784 to €18,751
- Trade debts +€5,179
up €5,179 (+23.0%), from €22,525 to €27,704
- Gross operating margin -€11,770
down €11,770 (-12.4%), from €95,246 to €83,476
- Taxes -€4,236
down €4,236 (-18.9%), from €22,454 to €18,218
- Financial charges +€3,263
up €3,263, from -€141 to €3,122
- Depreciation +€1,553
up €1,553 (+9.9%), from €15,717 to €17,270
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 | €328,299 | €337,815 | +€9,516 | +2.9% |
| Fixed assets | 21/28 | €123,161 | €117,381 | -€5,781 | -4.7% |
| Tangible fixed assets | 22/27 | €122,961 | €117,181 | -€5,781 | -4.7% |
| Land and buildings | 22 | €99,984 | €97,532 | -€2,452 | -2.5% |
| Plant, machinery and equipment | 23 | €14,618 | €12,839 | -€1,779 | -12.2% |
| Furniture and vehicles | 24 | €8,359 | €6,809 | -€1,550 | -18.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €205,138 | €220,435 | +€15,296 | +7.5% |
| Stocks and contracts in progress | 3 | €1,157 | €1,635 | +€478 | +41.3% |
| Stocks | 30/36 | €1,157 | €1,635 | +€478 | +41.3% |
| Amounts receivable within one year | 40/41 | €49,858 | €60,192 | +€10,334 | +20.7% |
| Trade receivables | 40 | €42,943 | €55,091 | +€12,148 | +28.3% |
| Other amounts receivable | 41 | €6,915 | €5,101 | -€1,813 | -26.2% |
| Cash at bank and in hand | 54/58 | €152,885 | €157,369 | +€4,484 | +2.9% |
| Deferred charges and accrued income | 490/1 | €1,238 | €1,238 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €328,299 | €337,815 | +€9,516 | +2.9% |
| Equity | 10/15 | €223,803 | €231,860 | +€8,057 | +3.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €152,791 | €160,848 | +€8,057 | +5.3% |
| Distributable reserves | 133 | €152,791 | €160,848 | +€8,057 | +5.3% |
| Profit (loss) carried forward | 14 | €51,012 | €51,012 | = | 0.0% |
| Amounts payable | 17/49 | €104,497 | €105,955 | +€1,459 | +1.4% |
| Amounts payable after more than one year | 17 | €57,280 | €45,809 | -€11,472 | -20.0% |
| Financial debts | 170/4 | €57,280 | €45,809 | -€11,472 | -20.0% |
| Amounts payable within one year | 42/48 | €47,217 | €60,147 | +€12,930 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €11,382 | €13,692 | +€2,310 | +20.3% |
| Trade debts | 44 | €22,525 | €27,704 | +€5,179 | +23.0% |
| Suppliers | 440/4 | €22,525 | €27,704 | +€5,179 | +23.0% |
| Taxes, remuneration and social security | 45 | €12,784 | €18,751 | +€5,966 | +46.7% |
| Taxes | 450/3 | €12,784 | €18,751 | +€5,966 | +46.7% |
| Other amounts payable | 47/48 | €526 | - | -€526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,717 | €17,270 | +€1,553 | +9.9% |
| Other operating charges | 640/8 | €1,560 | €1,579 | +€18 | +1.2% |
| Gross operating margin | 9900 | €95,246 | €83,476 | -€11,770 | -12.4% |
| Operating profit (loss) | 9901 | €77,969 | €64,627 | -€13,341 | -17.1% |
| Financial income | 75/76B | €441 | €697 | +€256 | +57.9% |
| Recurring financial income | 75 | €441 | €697 | +€256 | +57.9% |
| Financial charges | 65/66B | -€141 | €3,122 | +€3,263 | |
| Recurring financial charges | 65 | -€141 | €3,122 | +€3,263 | |
| Profit (loss) for the period before taxes | 9903 | €78,550 | €62,202 | -€16,349 | -20.8% |
| Income taxes | 67/77 | €22,454 | €18,218 | -€4,236 | -18.9% |
| Profit (loss) for the period | 9904 | €56,096 | €43,984 | -€12,112 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,096 | €43,984 | -€12,112 | -21.6% |
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 1 October 2026 via checked.be.