DECLO: 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.
DECLO
Largest movements
- Cash +€33,545
up €33,545 (+7.2%), from €465,808 to €499,353
mainly Net result for the year (+€38,010) and Depreciation (+€18,265)
- Tangible fixed assets -€11,265
down €11,265 (-2.3%), from €484,808 to €473,544
of which Land and buildings: -€16,515
- Profit (loss) carried forward +€38,010
up €38,010 (+20.4%), from €186,159 to €224,170
- Tax, wage and social debts -€15,040
down €15,040 (-77.6%), from €19,375 to €4,335
- Gross operating margin +€6,001
up €6,001 (+9.3%), from €64,795 to €70,797
- Financial income +€4,124
new in 2025: €4,124
- Depreciation +€1,750
up €1,750 (+10.6%), from €16,515 to €18,265
- Taxes +€1,720
up €1,720 (+15.5%), from €11,116 to €12,835
- Other operating charges -€815
down €815 (-29.7%), from €2,741 to €1,926
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 | €950,616 | €972,897 | +€22,280 | +2.3% |
| Fixed assets | 21/28 | €484,808 | €473,544 | -€11,265 | -2.3% |
| Tangible fixed assets | 22/27 | €484,808 | €473,544 | -€11,265 | -2.3% |
| Land and buildings | 22 | €484,808 | €468,294 | -€16,515 | -3.4% |
| Plant, machinery and equipment | 23 | - | €5,250 | +€5,250 | |
| Current assets | 29/58 | €465,808 | €499,353 | +€33,545 | +7.2% |
| Cash at bank and in hand | 54/58 | €465,808 | €499,353 | +€33,545 | +7.2% |
| Total equity and liabilities | 10/49 | €950,616 | €972,897 | +€22,280 | +2.3% |
| Equity | 10/15 | €461,159 | €499,170 | +€38,010 | +8.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,159 | €224,170 | +€38,010 | +20.4% |
| Amounts payable | 17/49 | €489,457 | €473,727 | -€15,730 | -3.2% |
| Amounts payable after more than one year | 17 | €359,667 | €351,668 | -€8,000 | -2.2% |
| Financial debts | 170/4 | €359,667 | €351,668 | -€8,000 | -2.2% |
| Amounts payable within one year | 42/48 | €98,138 | €86,568 | -€11,570 | -11.8% |
| Trade debts | 44 | €1,755 | €1,755 | = | 0.0% |
| Suppliers | 440/4 | €1,755 | €1,755 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,375 | €4,335 | -€15,040 | -77.6% |
| Taxes | 450/3 | €19,375 | €4,335 | -€15,040 | -77.6% |
| Other amounts payable | 47/48 | €77,008 | €80,478 | +€3,470 | +4.5% |
| Accrued charges and deferred income | 492/3 | €31,652 | €35,492 | +€3,840 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,515 | €18,265 | +€1,750 | +10.6% |
| Other operating charges | 640/8 | €2,741 | €1,926 | -€815 | -29.7% |
| Gross operating margin | 9900 | €64,795 | €70,797 | +€6,001 | +9.3% |
| Operating profit (loss) | 9901 | €45,540 | €50,606 | +€5,066 | +11.1% |
| Financial income | 75/76B | - | €4,124 | +€4,124 | |
| Recurring financial income | 75 | - | €4,124 | +€4,124 | |
| Financial charges | 65/66B | €3,888 | €3,884 | -€4 | -0.1% |
| Recurring financial charges | 65 | €3,888 | €3,884 | -€4 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €41,652 | €50,846 | +€9,194 | +22.1% |
| Income taxes | 67/77 | €11,116 | €12,835 | +€1,720 | +15.5% |
| Profit (loss) for the period | 9904 | €30,536 | €38,010 | +€7,474 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,536 | €38,010 | +€7,474 | +24.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.