DECLON: 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.
DECLON
Largest movements
- Current investments +€161,792
up €161,792 (+33.8%), from €479,318 to €641,110
- Cash +€47,696
up €47,696 (+35.8%), from €133,404 to €181,099
mainly Net result for the year (+€218,799) and Tax, wage and social debts (+€18,492)
- Receivables within one year +€33,856
up €33,856 (+66.2%), from €51,123 to €84,978
- Reserves +€218,799
up €218,799 (+27.3%), from €800,766 to €1.0m
- Tax, wage and social debts +€18,492
up €18,492 (+42.8%), from €43,185 to €61,677
- Gross operating margin +€97,155
up €97,155 (+44.8%), from €217,075 to €314,230
- Taxes +€27,432
up €27,432 (+41.4%), from €66,248 to €93,681
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 | €880,947 | €1,115,907 | +€234,960 | +26.7% |
| Fixed assets | 21/28 | €217,103 | €208,720 | -€8,383 | -3.9% |
| Tangible fixed assets | 22/27 | €217,103 | €208,720 | -€8,383 | -3.9% |
| Land and buildings | 22 | €215,778 | €207,763 | -€8,016 | -3.7% |
| Plant, machinery and equipment | 23 | €356 | €523 | +€167 | +46.8% |
| Furniture and vehicles | 24 | €969 | €435 | -€534 | -55.1% |
| Current assets | 29/58 | €663,844 | €907,187 | +€243,343 | +36.7% |
| Amounts receivable within one year | 40/41 | €51,123 | €84,978 | +€33,856 | +66.2% |
| Trade receivables | 40 | €51,123 | €84,978 | +€33,856 | +66.2% |
| Current investments | 50/53 | €479,318 | €641,110 | +€161,792 | +33.8% |
| Cash at bank and in hand | 54/58 | €133,404 | €181,099 | +€47,696 | +35.8% |
| Total equity and liabilities | 10/49 | €880,947 | €1,115,907 | +€234,960 | +26.7% |
| Equity | 10/15 | €813,166 | €1,031,965 | +€218,799 | +26.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €800,766 | €1,019,565 | +€218,799 | +27.3% |
| Distributable reserves | 133 | €800,766 | €1,019,565 | +€218,799 | +27.3% |
| Amounts payable | 17/49 | €67,781 | €83,942 | +€16,161 | +23.8% |
| Amounts payable within one year | 42/48 | €67,781 | €83,942 | +€16,161 | +23.8% |
| Trade debts | 44 | €977 | €894 | -€83 | -8.5% |
| Suppliers | 440/4 | €977 | €894 | -€83 | -8.5% |
| Taxes, remuneration and social security | 45 | €43,185 | €61,677 | +€18,492 | +42.8% |
| Taxes | 450/3 | €43,185 | €61,677 | +€18,492 | +42.8% |
| Other amounts payable | 47/48 | €23,618 | €21,370 | -€2,248 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,858 | €8,706 | -€152 | -1.7% |
| Other operating charges | 640/8 | €1,235 | €635 | -€600 | -48.6% |
| Gross operating margin | 9900 | €217,075 | €314,230 | +€97,155 | +44.8% |
| Operating profit (loss) | 9901 | €206,982 | €304,888 | +€97,906 | +47.3% |
| Financial income | 75/76B | €9,658 | €8,925 | -€734 | -7.6% |
| Recurring financial income | 75 | €9,658 | €8,925 | -€734 | -7.6% |
| Financial charges | 65/66B | €4,285 | €1,333 | -€2,952 | -68.9% |
| Recurring financial charges | 65 | €4,285 | €1,333 | -€2,952 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €212,355 | €312,480 | +€100,125 | +47.1% |
| Income taxes | 67/77 | €66,248 | €93,681 | +€27,432 | +41.4% |
| Profit (loss) for the period | 9904 | €146,107 | €218,799 | +€72,692 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €146,107 | €218,799 | +€72,692 | +49.8% |
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.