DECODEM: 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.
DECODEM
Largest movements
- Cash -€31,925
down €31,925 (-8.8%), from €363,695 to €331,769
mainly Contributions, distributions and other (-€22,565) and Other debts (-€22,509)
- Other debts -€22,509
down €22,509 (-43.2%), from €52,098 to €29,590
- Tax, wage and social debts -€10,731
down €10,731 (-85.5%), from €12,547 to €1,816
- Reserves +€9,551
up €9,551 (+1.4%), from €695,162 to €704,713
of which Distributable reserves: +€9,551
- Gross operating margin -€17,023
down €17,023 (-23.1%), from €73,698 to €56,675
- Taxes -€10,695
down €10,695 (-48.5%), from €22,041 to €11,346
- Financial charges +€6,903
up €6,903, from -€94 to €6,810
- Financial income +€4,339
up €4,339 (+62.3%), from €6,963 to €11,301
- Other operating charges +€3,069
up €3,069 (+22.7%), from €13,507 to €16,576
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 | €828,379 | €803,790 | -€24,589 | -3.0% |
| Fixed assets | 21/28 | €348,073 | €352,585 | +€4,512 | +1.3% |
| Tangible fixed assets | 22/27 | €348,073 | €352,585 | +€4,512 | +1.3% |
| Land and buildings | 22 | €347,608 | €347,451 | -€157 | 0.0% |
| Plant, machinery and equipment | 23 | €465 | €1,494 | +€1,029 | +221.2% |
| Furniture and vehicles | 24 | - | €3,639 | +€3,639 | |
| Current assets | 29/58 | €480,306 | €451,205 | -€29,101 | -6.1% |
| Amounts receivable within one year | 40/41 | €14,154 | €16,805 | +€2,651 | +18.7% |
| Trade receivables | 40 | €14,154 | €11,650 | -€2,504 | -17.7% |
| Other amounts receivable | 41 | - | €5,155 | +€5,155 | |
| Current investments | 50/53 | €102,458 | €97,282 | -€5,176 | -5.1% |
| Cash at bank and in hand | 54/58 | €363,695 | €331,769 | -€31,925 | -8.8% |
| Deferred charges and accrued income | 490/1 | - | €5,349 | +€5,349 | |
| Total equity and liabilities | 10/49 | €828,379 | €803,790 | -€24,589 | -3.0% |
| Equity | 10/15 | €757,162 | €766,713 | +€9,551 | +1.3% |
| 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 | €695,162 | €704,713 | +€9,551 | +1.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €69 | €69 | = | 0.0% |
| Distributable reserves | 133 | €688,893 | €698,445 | +€9,551 | +1.4% |
| Amounts payable | 17/49 | €71,218 | €37,077 | -€34,141 | -47.9% |
| Amounts payable within one year | 42/48 | €65,650 | €36,298 | -€29,352 | -44.7% |
| Trade debts | 44 | €1,005 | €4,892 | +€3,887 | +386.8% |
| Suppliers | 440/4 | €1,005 | €4,892 | +€3,887 | +386.8% |
| Taxes, remuneration and social security | 45 | €12,547 | €1,816 | -€10,731 | -85.5% |
| Taxes | 450/3 | €12,547 | €1,816 | -€10,731 | -85.5% |
| Other amounts payable | 47/48 | €52,098 | €29,590 | -€22,509 | -43.2% |
| Accrued charges and deferred income | 492/3 | €5,567 | €779 | -€4,788 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €693 | €502 | -€190 | -27.5% |
| Other operating charges | 640/8 | €13,507 | €16,576 | +€3,069 | +22.7% |
| Non-recurring operating charges | 66A | - | €626 | +€626 | |
| Gross operating margin | 9900 | €73,698 | €56,675 | -€17,023 | -23.1% |
| Operating profit (loss) | 9901 | €59,499 | €38,971 | -€20,528 | -34.5% |
| Financial income | 75/76B | €6,963 | €11,301 | +€4,339 | +62.3% |
| Recurring financial income | 75 | €6,963 | €11,301 | +€4,339 | +62.3% |
| Financial charges | 65/66B | -€94 | €6,810 | +€6,903 | |
| Recurring financial charges | 65 | -€94 | €6,810 | +€6,903 | |
| Profit (loss) for the period before taxes | 9903 | €66,555 | €43,462 | -€23,093 | -34.7% |
| Income taxes | 67/77 | €22,041 | €11,346 | -€10,695 | -48.5% |
| Profit (loss) for the period | 9904 | €44,515 | €32,116 | -€12,398 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,515 | €32,116 | -€12,398 | -27.9% |
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 6 October 2026 via checked.be.