DECODA: 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.
DECODA
Largest movements
- Cash +€67,207
up €67,207 (+65.6%), from €102,511 to €169,718
mainly Trade debts (+€82,758) and Depreciation (+€52,032)
- Tangible fixed assets -€52,032
down €52,032 (-23.9%), from €217,692 to €165,660
of which Leasing and similar rights: -€44,030
- Receivables within one year -€27,185
down €27,185 (-9.1%), from €299,072 to €271,887
of which Trade receivables: -€27,927
- Stocks and contracts +€13,065
up €13,065 (+24.0%), from €54,385 to €67,450
of which Stocks: +€7,465
- Trade debts +€82,758
up €82,758 (+71.8%), from €115,227 to €197,985
- Debts after one year -€40,141
down €40,141 (-24.9%), from €161,020 to €120,880
- Reserves -€20,920
down €20,920 (-19.6%), from €106,723 to €85,803
of which Tax-exempt reserves: -€20,920
- Tax, wage and social debts -€11,533
down €11,533 (-23.9%), from €48,358 to €36,824
of which Taxes: -€7,874
- Provisions -€6,973
down €6,973 (-20.9%), from €33,323 to €26,350
- Gross operating margin -€88,571
down €88,571 (-26.0%), from €340,044 to €251,473
- Staff costs -€49,799
down €49,799 (-18.5%), from €269,515 to €219,716
- Taxes -€5,764
down €5,764 (-63.1%), from €9,134 to €3,371
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 | €675,613 | €676,935 | +€1,322 | +0.2% |
| Fixed assets | 21/28 | €217,692 | €165,660 | -€52,032 | -23.9% |
| Tangible fixed assets | 22/27 | €217,692 | €165,660 | -€52,032 | -23.9% |
| Plant, machinery and equipment | 23 | €28,107 | €20,105 | -€8,002 | -28.5% |
| Leasing and similar rights | 25 | €189,585 | €145,555 | -€44,030 | -23.2% |
| Current assets | 29/58 | €457,921 | €511,275 | +€53,354 | +11.7% |
| Stocks and contracts in progress | 3 | €54,385 | €67,450 | +€13,065 | +24.0% |
| Stocks | 30/36 | €54,385 | €61,850 | +€7,465 | +13.7% |
| Contracts in progress | 37 | - | €5,600 | +€5,600 | |
| Amounts receivable within one year | 40/41 | €299,072 | €271,887 | -€27,185 | -9.1% |
| Trade receivables | 40 | €183,865 | €155,938 | -€27,927 | -15.2% |
| Other amounts receivable | 41 | €115,207 | €115,948 | +€742 | +0.6% |
| Cash at bank and in hand | 54/58 | €102,511 | €169,718 | +€67,207 | +65.6% |
| Deferred charges and accrued income | 490/1 | €1,954 | €2,220 | +€266 | +13.6% |
| Total equity and liabilities | 10/49 | €675,613 | €676,935 | +€1,322 | +0.2% |
| Equity | 10/15 | €271,717 | €250,296 | -€21,420 | -7.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €106,723 | €85,803 | -€20,920 | -19.6% |
| Tax-exempt reserves | 132 | €99,968 | €79,048 | -€20,920 | -20.9% |
| Distributable reserves | 133 | €6,755 | €6,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,994 | €102,493 | -€501 | -0.5% |
| Provisions and deferred taxes | 16 | €33,323 | €26,350 | -€6,973 | -20.9% |
| Deferred taxes | 168 | €33,323 | €26,350 | -€6,973 | -20.9% |
| Amounts payable | 17/49 | €370,574 | €400,289 | +€29,715 | +8.0% |
| Amounts payable after more than one year | 17 | €161,020 | €120,880 | -€40,141 | -24.9% |
| Financial debts | 170/4 | €161,020 | €120,880 | -€40,141 | -24.9% |
| Amounts payable within one year | 42/48 | €209,554 | €279,409 | +€69,856 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €45,969 | €40,141 | -€5,828 | -12.7% |
| Trade debts | 44 | €115,227 | €197,985 | +€82,758 | +71.8% |
| Suppliers | 440/4 | €115,227 | €197,985 | +€82,758 | +71.8% |
| Advances received on contracts in progress | 46 | - | €4,460 | +€4,460 | |
| Taxes, remuneration and social security | 45 | €48,358 | €36,824 | -€11,533 | -23.9% |
| Taxes | 450/3 | €25,041 | €17,168 | -€7,874 | -31.4% |
| Remuneration and social security | 454/9 | €23,316 | €19,657 | -€3,660 | -15.7% |
| Remuneration, social security and pensions | 62 | €269,515 | €219,716 | -€49,799 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,582 | €52,032 | +€450 | +0.9% |
| Other operating charges | 640/8 | €1,616 | €1,642 | +€26 | +1.6% |
| Gross operating margin | 9900 | €340,044 | €251,473 | -€88,571 | -26.0% |
| Operating profit (loss) | 9901 | €17,331 | -€21,916 | -€39,248 | |
| Financial income | 75/76B | €7 | €1 | -€6 | -84.3% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -84.3% |
| Financial charges | 65/66B | €3,834 | €3,108 | -€726 | -18.9% |
| Recurring financial charges | 65 | €3,834 | €3,108 | -€726 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €13,505 | -€25,023 | -€38,528 | |
| Transfer from deferred taxes | 780 | €6,973 | €6,973 | = | 0.0% |
| Income taxes | 67/77 | €9,134 | €3,371 | -€5,764 | -63.1% |
| Profit (loss) for the period | 9904 | €11,344 | -€21,420 | -€32,764 | |
| Transfer from tax-exempt reserves | 789 | €20,920 | €20,920 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,263 | -€501 | -€32,764 |
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 20 October 2026 via checked.be.