DECOCQ Vincent: 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.
DECOCQ Vincent
Largest movements
- Stocks and contracts -€92,717
down €92,717 (-18.7%), from €494,802 to €402,085
- Tangible fixed assets +€69,605
up €69,605 (+66.2%), from €105,124 to €174,729
of which Plant, machinery and equipment: +€74,703
- Receivables within one year -€53,262
down €53,262 (-40.5%), from €131,539 to €78,277
of which Trade receivables: -€64,276
- Cash +€53,043
up €53,043 (+15.0%), from €352,549 to €405,592
mainly Net result for the year (+€189,331) and Stocks and contracts (+€92,717)
- Other debts -€206,853
down €206,853 (-63.8%), from €324,376 to €117,522
- Reserves +€188,490
up €188,490 (+37.1%), from €508,589 to €697,079
of which Distributable reserves: +€176,955
- Tax, wage and social debts +€24,981
up €24,981 (+101%), from €24,721 to €49,703
of which Taxes: +€24,981
- Trade debts -€12,838
down €12,838 (-71.3%), from €18,011 to €5,173
- Current portion of long-term debt -€11,900
down €11,900 (-58.3%), from €20,400 to €8,500
- Gross operating margin +€97,295
up €97,295 (+49.0%), from €198,508 to €295,803
- Taxes +€34,160
up €34,160 (+83.1%), from €41,111 to €75,271
- Financial income +€23,018
up €23,018 (+1,530%), from €1,504 to €24,522
of which Non-recurring financial income: +€17,810
- Depreciation -€6,053
down €6,053 (-12.8%), from €47,403 to €41,350
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 | €1,084,418 | €1,060,681 | -€23,737 | -2.2% |
| Fixed assets | 21/28 | €105,529 | €174,729 | +€69,200 | +65.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €105,124 | €174,729 | +€69,605 | +66.2% |
| Land and buildings | 22 | €2,379 | €1,593 | -€787 | -33.1% |
| Plant, machinery and equipment | 23 | €97,357 | €172,060 | +€74,703 | +76.7% |
| Furniture and vehicles | 24 | €5,388 | €1,076 | -€4,311 | -80.0% |
| Financial fixed assets | 28 | €405 | €0 | -€405 | -100% |
| Current assets | 29/58 | €978,889 | €885,953 | -€92,937 | -9.5% |
| Stocks and contracts in progress | 3 | €494,802 | €402,085 | -€92,717 | -18.7% |
| Stocks | 30/36 | €494,802 | €402,085 | -€92,717 | -18.7% |
| Amounts receivable within one year | 40/41 | €131,539 | €78,277 | -€53,262 | -40.5% |
| Trade receivables | 40 | €131,539 | €67,263 | -€64,276 | -48.9% |
| Other amounts receivable | 41 | €0 | €11,013 | +€11,013 | |
| Cash at bank and in hand | 54/58 | €352,549 | €405,592 | +€53,043 | +15.0% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €1,084,418 | €1,060,681 | -€23,737 | -2.2% |
| Equity | 10/15 | €686,692 | €875,181 | +€188,490 | +27.4% |
| Contributions | 10/11 | €118,055 | €118,055 | = | 0.0% |
| Reserves | 13 | €508,589 | €697,079 | +€188,490 | +37.1% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €6,871 | €18,406 | +€11,535 | +168% |
| Distributable reserves | 133 | €501,718 | €678,673 | +€176,955 | +35.3% |
| Profit (loss) carried forward | 14 | €60,047 | €60,047 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,718 | €4,602 | +€2,884 | +168% |
| Deferred taxes | 168 | €1,718 | €4,602 | +€2,884 | +168% |
| Amounts payable | 17/49 | €396,008 | €180,898 | -€215,110 | -54.3% |
| Amounts payable after more than one year | 17 | €8,500 | €0 | -€8,500 | -100% |
| Financial debts | 170/4 | €8,500 | €0 | -€8,500 | -100% |
| Amounts payable within one year | 42/48 | €387,508 | €180,898 | -€206,610 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €20,400 | €8,500 | -€11,900 | -58.3% |
| Trade debts | 44 | €18,011 | €5,173 | -€12,838 | -71.3% |
| Suppliers | 440/4 | €18,011 | €5,173 | -€12,838 | -71.3% |
| Taxes, remuneration and social security | 45 | €24,721 | €49,703 | +€24,981 | +101% |
| Taxes | 450/3 | €24,721 | €49,703 | +€24,981 | +101% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €324,376 | €117,522 | -€206,853 | -63.8% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €235 | €0 | -€235 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,403 | €41,350 | -€6,053 | -12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Other operating charges | 640/8 | €2,973 | €3,013 | +€40 | +1.3% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €198,508 | €295,803 | +€97,295 | +49.0% |
| Operating profit (loss) | 9901 | €148,133 | €251,440 | +€103,308 | +69.7% |
| Financial income | 75/76B | €1,504 | €24,522 | +€23,018 | +1,530% |
| Recurring financial income | 75 | €1,504 | €6,713 | +€5,208 | +346% |
| Non-recurring financial income | 76B | - | €17,810 | +€17,810 | |
| Financial charges | 65/66B | €10,170 | €8,478 | -€1,693 | -16.6% |
| Recurring financial charges | 65 | €10,170 | €8,478 | -€1,693 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €139,467 | €267,485 | +€128,018 | +91.8% |
| Transfer from deferred taxes | 780 | €392 | €678 | +€286 | +72.9% |
| Transfer to deferred taxes | 680 | €0 | €3,562 | +€3,562 | |
| Income taxes | 67/77 | €41,111 | €75,271 | +€34,160 | +83.1% |
| Profit (loss) for the period | 9904 | €98,748 | €189,331 | +€90,582 | +91.7% |
| Transfer from tax-exempt reserves | 789 | €1,569 | €2,713 | +€1,143 | +72.9% |
| Transfer to tax-exempt reserves | 689 | €0 | €14,248 | +€14,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,318 | €177,796 | +€77,478 | +77.2% |
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 18 October 2026 via checked.be.