DECODAL: 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.
DECODAL
Largest movements
- Cash +€34,828
up €34,828 (+550.3%), from €6,328 to €41,157
mainly Debts after one year (+€34,715) and Depreciation (+€29,981)
- Stocks and contracts +€28,191
up €28,191 (+11.4%), from €247,187 to €275,378
- Tangible fixed assets +€20,262
up €20,262 (+20.4%), from €99,174 to €119,435
of which Plant, machinery and equipment: +€17,223
- Receivables within one year -€14,484
down €14,484 (-18.2%), from €79,475 to €64,991
of which Other amounts receivable: -€28,766
- Debts after one year +€34,715
new in 2025: €34,715
- Other debts +€14,712
up €14,712 (+9.2%), from €160,153 to €174,864
- Trade debts +€12,876
up €12,876 (+36.7%), from €35,069 to €47,945
- Tax, wage and social debts +€6,483
up €6,483 (+83.1%), from €7,802 to €14,285
of which Remuneration and social security: +€7,141
- Staff costs +€14,335
up €14,335 (+12.7%), from €112,621 to €126,956
- Gross operating margin +€6,350
up €6,350 (+4.2%), from €150,878 to €157,228
- Financial income +€5,636
up €5,636 (+132.3%), from €4,261 to €9,896
- Other operating charges +€2,701
up €2,701 (+174.8%), from €1,545 to €4,246
- Depreciation -€2,631
down €2,631 (-8.1%), from €32,612 to €29,981
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 | €443,190 | €510,194 | +€67,005 | +15.1% |
| Fixed assets | 21/28 | €105,144 | €125,405 | +€20,262 | +19.3% |
| Tangible fixed assets | 22/27 | €99,174 | €119,435 | +€20,262 | +20.4% |
| Plant, machinery and equipment | 23 | €97,613 | €114,836 | +€17,223 | +17.6% |
| Furniture and vehicles | 24 | €1,561 | €4,599 | +€3,039 | +194.7% |
| Financial fixed assets | 28 | €5,970 | €5,970 | = | 0.0% |
| Current assets | 29/58 | €338,046 | €384,789 | +€46,743 | +13.8% |
| Stocks and contracts in progress | 3 | €247,187 | €275,378 | +€28,191 | +11.4% |
| Stocks | 30/36 | €247,187 | €275,378 | +€28,191 | +11.4% |
| Amounts receivable within one year | 40/41 | €79,475 | €64,991 | -€14,484 | -18.2% |
| Trade receivables | 40 | €47,932 | €62,214 | +€14,283 | +29.8% |
| Other amounts receivable | 41 | €31,543 | €2,777 | -€28,766 | -91.2% |
| Cash at bank and in hand | 54/58 | €6,328 | €41,157 | +€34,828 | +550.3% |
| Deferred charges and accrued income | 490/1 | €5,056 | €3,263 | -€1,793 | -35.5% |
| Total equity and liabilities | 10/49 | €443,190 | €510,194 | +€67,005 | +15.1% |
| Equity | 10/15 | €188,491 | €189,951 | +€1,460 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,411 | €86,871 | +€1,460 | +1.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,600 | €3,600 | = | 0.0% |
| Distributable reserves | 133 | €79,952 | €81,412 | +€1,460 | +1.8% |
| Profit (loss) carried forward | 14 | €96,880 | €96,880 | = | 0.0% |
| Amounts payable | 17/49 | €254,699 | €320,244 | +€65,545 | +25.7% |
| Amounts payable after more than one year | 17 | - | €34,715 | +€34,715 | |
| Financial debts | 170/4 | - | €34,715 | +€34,715 | |
| Amounts payable within one year | 42/48 | €247,924 | €279,354 | +€31,430 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €9,025 | €6,385 | -€2,641 | -29.3% |
| Trade debts | 44 | €35,069 | €47,945 | +€12,876 | +36.7% |
| Suppliers | 440/4 | €35,069 | €47,945 | +€12,876 | +36.7% |
| Advances received on contracts in progress | 46 | €35,875 | €35,875 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,802 | €14,285 | +€6,483 | +83.1% |
| Taxes | 450/3 | €5,444 | €4,786 | -€658 | -12.1% |
| Remuneration and social security | 454/9 | €2,358 | €9,499 | +€7,141 | +302.8% |
| Other amounts payable | 47/48 | €160,153 | €174,864 | +€14,712 | +9.2% |
| Accrued charges and deferred income | 492/3 | €6,775 | €6,175 | -€600 | -8.9% |
| Remuneration, social security and pensions | 62 | €112,621 | €126,956 | +€14,335 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,612 | €29,981 | -€2,631 | -8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,688 | - | -€1,688 | |
| Other operating charges | 640/8 | €1,545 | €4,246 | +€2,701 | +174.8% |
| Gross operating margin | 9900 | €150,878 | €157,228 | +€6,350 | +4.2% |
| Operating profit (loss) | 9901 | €2,411 | -€3,956 | -€6,367 | |
| Financial income | 75/76B | €4,261 | €9,896 | +€5,636 | +132.3% |
| Recurring financial income | 75 | €4,261 | €9,896 | +€5,636 | +132.3% |
| Financial charges | 65/66B | €4,331 | €1,896 | -€2,435 | -56.2% |
| Recurring financial charges | 65 | €4,331 | €1,896 | -€2,435 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | €2,341 | €4,045 | +€1,703 | +72.8% |
| Income taxes | 67/77 | €1,143 | €2,585 | +€1,442 | +126.2% |
| Profit (loss) for the period | 9904 | €1,198 | €1,460 | +€261 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,198 | €1,460 | +€261 | +21.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.