DECNEUT: 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.
DECNEUT
Largest movements
- Cash -€116,583
down €116,583 (-76.3%), from €152,808 to €36,225
mainly Other debts (-€250,000) and Advances received (-€110,560)
- Receivables within one year -€110,330
down €110,330 (-30.4%), from €363,113 to €252,783
of which Trade receivables: -€117,704
- Stocks and contracts -€33,798
down €33,798 (-33.7%), from €100,235 to €66,437
- Current investments +€31,318
up €31,318 (+4.2%), from €751,554 to €782,872
- Other debts -€250,000
no longer reported in 2025 (was €250,000)
- Reserves +€172,462
up €172,462 (+26.8%), from €644,207 to €816,669
of which Distributable reserves: +€172,462
- Advances received -€110,560
down €110,560 (-24.4%), from €454,029 to €343,468
- Trade debts -€31,255
down €31,255 (-81.8%), from €38,188 to €6,934
- Tax, wage and social debts -€15,633
down €15,633 (-70.7%), from €22,117 to €6,483
of which Remuneration and social security: -€15,347
- Gross operating margin -€14,891
down €14,891 (-1.7%), from €880,323 to €865,433
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 | €1,490,818 | €1,249,238 | -€241,579 | -16.2% |
| Fixed assets | 21/28 | €101,884 | €88,514 | -€13,370 | -13.1% |
| Tangible fixed assets | 22/27 | €101,835 | €88,464 | -€13,370 | -13.1% |
| Land and buildings | 22 | €63,465 | €58,494 | -€4,971 | -7.8% |
| Plant, machinery and equipment | 23 | €6,890 | €8,705 | +€1,815 | +26.3% |
| Furniture and vehicles | 24 | €31,480 | €21,266 | -€10,214 | -32.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,388,933 | €1,160,724 | -€228,209 | -16.4% |
| Stocks and contracts in progress | 3 | €100,235 | €66,437 | -€33,798 | -33.7% |
| Stocks | 30/36 | €100,235 | €66,437 | -€33,798 | -33.7% |
| Amounts receivable within one year | 40/41 | €363,113 | €252,783 | -€110,330 | -30.4% |
| Trade receivables | 40 | €337,260 | €219,556 | -€117,704 | -34.9% |
| Other amounts receivable | 41 | €25,853 | €33,228 | +€7,374 | +28.5% |
| Current investments | 50/53 | €751,554 | €782,872 | +€31,318 | +4.2% |
| Cash at bank and in hand | 54/58 | €152,808 | €36,225 | -€116,583 | -76.3% |
| Deferred charges and accrued income | 490/1 | €21,223 | €22,407 | +€1,184 | +5.6% |
| Total equity and liabilities | 10/49 | €1,490,818 | €1,249,238 | -€241,579 | -16.2% |
| Equity | 10/15 | €706,207 | €878,669 | +€172,462 | +24.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €644,207 | €816,669 | +€172,462 | +26.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €638,007 | €810,469 | +€172,462 | +27.0% |
| Amounts payable | 17/49 | €784,611 | €370,569 | -€414,042 | -52.8% |
| Amounts payable after more than one year | 17 | €13,684 | €9,059 | -€4,626 | -33.8% |
| Financial debts | 170/4 | €13,684 | €9,059 | -€4,626 | -33.8% |
| Amounts payable within one year | 42/48 | €770,927 | €361,511 | -€409,416 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €6,594 | €4,626 | -€1,968 | -29.8% |
| Trade debts | 44 | €38,188 | €6,934 | -€31,255 | -81.8% |
| Suppliers | 440/4 | €38,188 | €6,934 | -€31,255 | -81.8% |
| Advances received on contracts in progress | 46 | €454,029 | €343,468 | -€110,560 | -24.4% |
| Taxes, remuneration and social security | 45 | €22,117 | €6,483 | -€15,633 | -70.7% |
| Taxes | 450/3 | €287 | - | -€287 | |
| Remuneration and social security | 454/9 | €21,830 | €6,483 | -€15,347 | -70.3% |
| Other amounts payable | 47/48 | €250,000 | - | -€250,000 | |
| Remuneration, social security and pensions | 62 | €647,534 | €641,078 | -€6,457 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,200 | €19,696 | +€496 | +2.6% |
| Other operating charges | 640/8 | €2,211 | €4,454 | +€2,243 | +101% |
| Gross operating margin | 9900 | €880,323 | €865,433 | -€14,891 | -1.7% |
| Operating profit (loss) | 9901 | €211,379 | €200,205 | -€11,173 | -5.3% |
| Financial income | 75/76B | €32,366 | €35,641 | +€3,274 | +10.1% |
| Recurring financial income | 75 | €32,295 | €35,641 | +€3,345 | +10.4% |
| Non-recurring financial income | 76B | €71 | - | -€71 | |
| Financial charges | 65/66B | €2,070 | €2,200 | +€130 | +6.3% |
| Recurring financial charges | 65 | €2,070 | €2,200 | +€130 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €241,675 | €233,646 | -€8,029 | -3.3% |
| Income taxes | 67/77 | €62,038 | €61,183 | -€855 | -1.4% |
| Profit (loss) for the period | 9904 | €179,637 | €172,462 | -€7,175 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €179,637 | €172,462 | -€7,175 | -4.0% |
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 13 October 2026 via checked.be.