DECOCK THOMAS: 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.
DECOCK THOMAS
Largest movements
- Tangible fixed assets -€18,206
down €18,206 (-18.2%), from €100,235 to €82,030
of which Other tangible fixed assets: -€11,503
- Reserves -€29,154
down €29,154 (-4.5%), from €646,559 to €617,405
- Other debts +€17,370
up €17,370 (+32.3%), from €53,720 to €71,090
- Financial income -€6,423
down €6,423 (-32.2%), from €19,944 to €13,521
- Financial charges -€3,196
down €3,196 (-42.1%), from €7,594 to €4,398
- Gross operating margin +€2,844
up €2,844 (+16.3%), from -€17,424 to -€14,580
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 | €732,184 | €712,700 | -€19,484 | -2.7% |
| Fixed assets | 21/28 | €100,235 | €82,030 | -€18,206 | -18.2% |
| Tangible fixed assets | 22/27 | €100,235 | €82,030 | -€18,206 | -18.2% |
| Furniture and vehicles | 24 | €20,460 | €13,757 | -€6,702 | -32.8% |
| Other tangible fixed assets | 26 | €79,776 | €68,272 | -€11,503 | -14.4% |
| Current assets | 29/58 | €631,949 | €630,670 | -€1,278 | -0.2% |
| Amounts receivable within one year | 40/41 | €9,676 | €12,423 | +€2,747 | +28.4% |
| Trade receivables | 40 | €2,608 | €2,697 | +€89 | +3.4% |
| Other amounts receivable | 41 | €7,068 | €9,726 | +€2,658 | +37.6% |
| Current investments | 50/53 | €600,000 | €597,900 | -€2,100 | -0.4% |
| Cash at bank and in hand | 54/58 | €15,431 | €11,914 | -€3,516 | -22.8% |
| Deferred charges and accrued income | 490/1 | €6,842 | €8,433 | +€1,591 | +23.3% |
| Total equity and liabilities | 10/49 | €732,184 | €712,700 | -€19,484 | -2.7% |
| Equity | 10/15 | €665,159 | €636,005 | -€29,154 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €646,559 | €617,405 | -€29,154 | -4.5% |
| Distributable reserves | 133 | €646,559 | €617,405 | -€29,154 | -4.5% |
| Amounts payable | 17/49 | €67,026 | €76,695 | +€9,670 | +14.4% |
| Amounts payable within one year | 42/48 | €59,456 | €72,337 | +€12,881 | +21.7% |
| Trade debts | 44 | €154 | €48 | -€106 | -68.8% |
| Suppliers | 440/4 | €154 | €48 | -€106 | -68.8% |
| Taxes, remuneration and social security | 45 | €5,582 | €1,199 | -€4,383 | -78.5% |
| Taxes | 450/3 | €5,582 | €1,199 | -€4,383 | -78.5% |
| Other amounts payable | 47/48 | €53,720 | €71,090 | +€17,370 | +32.3% |
| Accrued charges and deferred income | 492/3 | €7,570 | €4,358 | -€3,211 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,206 | €18,206 | = | 0.0% |
| Other operating charges | 640/8 | €4,389 | €4,526 | +€137 | +3.1% |
| Gross operating margin | 9900 | -€17,424 | -€14,580 | +€2,844 | +16.3% |
| Operating profit (loss) | 9901 | -€40,018 | -€37,311 | +€2,707 | +6.8% |
| Financial income | 75/76B | €19,944 | €13,521 | -€6,423 | -32.2% |
| Recurring financial income | 75 | €19,944 | €13,521 | -€6,423 | -32.2% |
| Financial charges | 65/66B | €7,594 | €4,398 | -€3,196 | -42.1% |
| Recurring financial charges | 65 | €7,594 | €4,398 | -€3,196 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,669 | -€28,189 | -€520 | -1.9% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€27,797 | -€28,321 | -€524 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,797 | -€28,321 | -€524 | -1.9% |
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 5 October 2026 via checked.be.