DECLOEDT: 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.
DECLOEDT
Largest movements
- Tangible fixed assets +€25,414
up €25,414 (+1234.8%), from €2,058 to €27,472
of which Leasing and similar rights: +€23,760
- Cash -€10,734
down €10,734 (-45.2%), from €23,774 to €13,040
mainly Investment in fixed assets (net) (-€30,386) and Deferred charges and accrued income (-€2,738)
- Deferred charges and accrued income +€2,738
up €2,738 (+120.8%), from €2,266 to €5,004
- Receivables within one year +€2,420
up €2,420 (+433.7%), from €558 to €2,979
of which Other amounts receivable: +€2,403
- Debts after one year +€8,165
new in 2025: €8,165
- Current portion of long-term debt +€6,981
new in 2025: €6,981
- Reserves +€6,828
up €6,828 (+23.7%), from €28,844 to €35,672
- Tax, wage and social debts -€2,411
down €2,411 (-53.8%), from €4,480 to €2,069
- Gross operating margin +€6,074
up €6,074 (+51.6%), from €11,774 to €17,848
- Depreciation +€4,302
up €4,302 (+642.4%), from €670 to €4,972
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 | €53,656 | €73,494 | +€19,839 | +37.0% |
| Fixed assets | 21/28 | €2,058 | €27,472 | +€25,414 | +1234.8% |
| Tangible fixed assets | 22/27 | €2,058 | €27,472 | +€25,414 | +1234.8% |
| Furniture and vehicles | 24 | €2,058 | €2,481 | +€423 | +20.6% |
| Leasing and similar rights | 25 | - | €23,760 | +€23,760 | |
| Other tangible fixed assets | 26 | - | €1,231 | +€1,231 | |
| Current assets | 29/58 | €51,598 | €46,022 | -€5,576 | -10.8% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €558 | €2,979 | +€2,420 | +433.7% |
| Trade receivables | 40 | €558 | €576 | +€18 | +3.2% |
| Other amounts receivable | 41 | - | €2,403 | +€2,403 | |
| Cash at bank and in hand | 54/58 | €23,774 | €13,040 | -€10,734 | -45.2% |
| Deferred charges and accrued income | 490/1 | €2,266 | €5,004 | +€2,738 | +120.8% |
| Total equity and liabilities | 10/49 | €53,656 | €73,494 | +€19,839 | +37.0% |
| Equity | 10/15 | €47,436 | €54,264 | +€6,828 | +14.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €28,844 | €35,672 | +€6,828 | +23.7% |
| Distributable reserves | 133 | €28,844 | €35,672 | +€6,828 | +23.7% |
| Amounts payable | 17/49 | €6,220 | €19,231 | +€13,010 | +209.2% |
| Amounts payable after more than one year | 17 | - | €8,165 | +€8,165 | |
| Financial debts | 170/4 | - | €8,165 | +€8,165 | |
| Amounts payable within one year | 42/48 | €6,141 | €10,739 | +€4,599 | +74.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,981 | +€6,981 | |
| Trade debts | 44 | €604 | €479 | -€124 | -20.6% |
| Suppliers | 440/4 | €604 | €479 | -€124 | -20.6% |
| Advances received on contracts in progress | 46 | - | €142 | +€142 | |
| Taxes, remuneration and social security | 45 | €4,480 | €2,069 | -€2,411 | -53.8% |
| Taxes | 450/3 | €4,480 | €2,069 | -€2,411 | -53.8% |
| Other amounts payable | 47/48 | €1,057 | €1,069 | +€11 | +1.1% |
| Accrued charges and deferred income | 492/3 | €79 | €327 | +€247 | +310.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €4,972 | +€4,302 | +642.4% |
| Other operating charges | 640/8 | €377 | €309 | -€67 | -17.9% |
| Non-recurring operating charges | 66A | €346 | €558 | +€212 | +61.2% |
| Gross operating margin | 9900 | €11,774 | €17,848 | +€6,074 | +51.6% |
| Operating profit (loss) | 9901 | €10,381 | €12,008 | +€1,627 | +15.7% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €166 | €137 | -€29 | -17.6% |
| Recurring financial charges | 65 | €166 | €137 | -€29 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €10,215 | €11,886 | +€1,670 | +16.4% |
| Income taxes | 67/77 | €4,069 | €4,225 | +€156 | +3.8% |
| Profit (loss) for the period | 9904 | €6,147 | €7,661 | +€1,514 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,147 | €7,661 | +€1,514 | +24.6% |
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 6 October 2026 via checked.be.