DECLOEDT: 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.
DECLOEDT
Largest movements
- Cash +€37,294
up €37,294 (+48.5%), from €76,840 to €114,134
mainly Net result for the year (+€26,976) and Receivables within one year (+€21,041)
- Receivables within one year -€21,041
down €21,041 (-83.2%), from €25,288 to €4,247
of which Trade receivables: -€15,541
- Tangible fixed assets -€7,976
down €7,976 (-38.7%), from €20,592 to €12,616
of which Furniture and vehicles: -€11,755
- Stocks and contracts -€2,664
down €2,664 (-4.9%), from €54,739 to €52,075
- Reserves +€25,310
up €25,310 (+22.6%), from €111,786 to €137,097
- Trade debts -€16,185
down €16,185 (-22.6%), from €71,754 to €55,570
- Tax, wage and social debts +€7,673
up €7,673 (+278.3%), from €2,757 to €10,430
of which Taxes: +€9,023
- Current portion of long-term debt -€5,376
down €5,376 (-75.9%), from €7,080 to €1,705
- Short-term financial debts -€5,000
down €5,000 (-66.7%), from €7,500 to €2,500
- Gross operating margin +€36,771
up €36,771 (+186.3%), from €19,743 to €56,514
- Taxes +€8,928
up €8,928 (+127.8%), from €6,983 to €15,911
- Depreciation -€3,370
down €3,370 (-21.1%), from €16,003 to €12,634
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 | €259,514 | €265,404 | +€5,890 | +2.3% |
| Fixed assets | 21/28 | €20,592 | €12,616 | -€7,976 | -38.7% |
| Tangible fixed assets | 22/27 | €20,592 | €12,616 | -€7,976 | -38.7% |
| Furniture and vehicles | 24 | €17,609 | €5,854 | -€11,755 | -66.8% |
| Other tangible fixed assets | 26 | €2,982 | €6,761 | +€3,779 | +126.7% |
| Current assets | 29/58 | €238,922 | €252,789 | +€13,866 | +5.8% |
| Stocks and contracts in progress | 3 | €54,739 | €52,075 | -€2,664 | -4.9% |
| Stocks | 30/36 | €54,739 | €52,075 | -€2,664 | -4.9% |
| Amounts receivable within one year | 40/41 | €25,288 | €4,247 | -€21,041 | -83.2% |
| Trade receivables | 40 | €19,783 | €4,242 | -€15,541 | -78.6% |
| Other amounts receivable | 41 | €5,504 | €4 | -€5,500 | -99.9% |
| Current investments | 50/53 | €80,000 | €80,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €76,840 | €114,134 | +€37,294 | +48.5% |
| Deferred charges and accrued income | 490/1 | €2,056 | €2,333 | +€277 | +13.5% |
| Total equity and liabilities | 10/49 | €259,514 | €265,404 | +€5,890 | +2.3% |
| Equity | 10/15 | €159,744 | €185,055 | +€25,310 | +15.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €111,786 | €137,097 | +€25,310 | +22.6% |
| Distributable reserves | 133 | €111,786 | €137,097 | +€25,310 | +22.6% |
| Profit (loss) carried forward | 14 | €41,753 | €41,753 | = | 0.0% |
| Amounts payable | 17/49 | €99,770 | €80,349 | -€19,420 | -19.5% |
| Amounts payable after more than one year | 17 | €1,705 | €0 | -€1,705 | -100.0% |
| Financial debts | 170/4 | €1,705 | €0 | -€1,705 | -100.0% |
| Amounts payable within one year | 42/48 | €97,796 | €79,633 | -€18,163 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €7,080 | €1,705 | -€5,376 | -75.9% |
| Financial debts | 43 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Credit institutions | 430/8 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Trade debts | 44 | €71,754 | €55,570 | -€16,185 | -22.6% |
| Suppliers | 440/4 | €71,754 | €55,570 | -€16,185 | -22.6% |
| Advances received on contracts in progress | 46 | €700 | €1,350 | +€650 | +92.9% |
| Taxes, remuneration and social security | 45 | €2,757 | €10,430 | +€7,673 | +278.3% |
| Taxes | 450/3 | €1,407 | €10,430 | +€9,023 | +641.5% |
| Remuneration and social security | 454/9 | €1,350 | €0 | -€1,350 | -100.0% |
| Other amounts payable | 47/48 | €8,005 | €8,079 | +€74 | +0.9% |
| Accrued charges and deferred income | 492/3 | €269 | €716 | +€447 | +166.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,003 | €12,634 | -€3,370 | -21.1% |
| Other operating charges | 640/8 | €1,091 | €1,030 | -€62 | -5.6% |
| Gross operating margin | 9900 | €19,743 | €56,514 | +€36,771 | +186.3% |
| Operating profit (loss) | 9901 | €2,648 | €42,850 | +€40,202 | +1518.2% |
| Financial income | 75/76B | €1,885 | €1,348 | -€536 | -28.5% |
| Recurring financial income | 75 | €1,885 | €1,348 | -€536 | -28.5% |
| Financial charges | 65/66B | €1,179 | €1,311 | +€132 | +11.2% |
| Recurring financial charges | 65 | €1,179 | €1,311 | +€132 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €3,354 | €42,887 | +€39,534 | +1178.8% |
| Income taxes | 67/77 | €6,983 | €15,911 | +€8,928 | +127.8% |
| Profit (loss) for the period | 9904 | -€3,630 | €26,976 | +€30,606 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,630 | €26,976 | +€30,606 |
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 12 October 2026 via checked.be.