DECODI: 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.
DECODI
Largest movements
- Tangible fixed assets +€70,412
up €70,412 (+69.0%), from €102,064 to €172,476
of which Land and buildings: +€67,536
- Deferred charges and accrued income +€5,476
up €5,476 (+118.8%), from €4,610 to €10,086
- Receivables within one year -€4,942
down €4,942 (-17.3%), from €28,582 to €23,640
of which Trade receivables: -€4,033
- Stocks and contracts +€4,690
up €4,690 (+170.5%), from €2,750 to €7,440
- Cash +€3,898
up €3,898 (+105.8%), from €3,684 to €7,582
mainly Debts after one year (+€76,286) and Depreciation (+€7,886)
- Debts after one year +€76,286
up €76,286 (+100.1%), from €76,236 to €152,522
- Trade debts +€4,129
up €4,129 (+44.5%), from €9,286 to €13,415
- Short-term financial debts -€4,083
no longer reported in 2025 (was €4,083)
- Reserves +€3,140
up €3,140 (+11.7%), from €26,860 to €30,000
- Staff costs -€55,697
down €55,697 (-82.7%), from €67,353 to €11,656
- Gross operating margin -€42,077
down €42,077 (-57.1%), from €73,637 to €31,560
- Financial charges +€4,404
up €4,404 (+111.0%), from €3,967 to €8,371
of which Financial charges: +€4,786
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 | €141,690 | €221,224 | +€79,534 | +56.1% |
| Fixed assets | 21/28 | €102,064 | €172,476 | +€70,412 | +69.0% |
| Tangible fixed assets | 22/27 | €102,064 | €172,476 | +€70,412 | +69.0% |
| Land and buildings | 22 | €90,771 | €158,307 | +€67,536 | +74.4% |
| Plant, machinery and equipment | 23 | €4,022 | €10,336 | +€6,314 | +157.0% |
| Furniture and vehicles | 24 | €7,271 | €3,833 | -€3,438 | -47.3% |
| Current assets | 29/58 | €39,626 | €48,748 | +€9,122 | +23.0% |
| Stocks and contracts in progress | 3 | €2,750 | €7,440 | +€4,690 | +170.5% |
| Stocks | 30/36 | €2,750 | €7,440 | +€4,690 | +170.5% |
| Amounts receivable within one year | 40/41 | €28,582 | €23,640 | -€4,942 | -17.3% |
| Trade receivables | 40 | €21,651 | €17,618 | -€4,033 | -18.6% |
| Other amounts receivable | 41 | €6,931 | €6,022 | -€908 | -13.1% |
| Cash at bank and in hand | 54/58 | €3,684 | €7,582 | +€3,898 | +105.8% |
| Deferred charges and accrued income | 490/1 | €4,610 | €10,086 | +€5,476 | +118.8% |
| Total equity and liabilities | 10/49 | €141,690 | €221,224 | +€79,534 | +56.1% |
| Equity | 10/15 | €40,772 | €43,408 | +€2,636 | +6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €30,000 | +€3,140 | +11.7% |
| Distributable reserves | 133 | €26,860 | €30,000 | +€3,140 | +11.7% |
| Profit (loss) carried forward | 14 | €7,712 | €7,208 | -€504 | -6.5% |
| Amounts payable | 17/49 | €100,918 | €177,816 | +€76,898 | +76.2% |
| Amounts payable after more than one year | 17 | €76,236 | €152,522 | +€76,286 | +100.1% |
| Financial debts | 170/4 | €76,236 | €152,522 | +€76,286 | +100.1% |
| Amounts payable within one year | 42/48 | €23,131 | €25,094 | +€1,963 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €7,899 | €9,641 | +€1,742 | +22.0% |
| Financial debts | 43 | €4,083 | - | -€4,083 | |
| Credit institutions | 430/8 | €4,083 | - | -€4,083 | |
| Trade debts | 44 | €9,286 | €13,415 | +€4,129 | +44.5% |
| Suppliers | 440/4 | €9,286 | €13,415 | +€4,129 | +44.5% |
| Taxes, remuneration and social security | 45 | €839 | €642 | -€197 | -23.5% |
| Taxes | 450/3 | €403 | €35 | -€368 | -91.3% |
| Remuneration and social security | 454/9 | €436 | €607 | +€171 | +39.2% |
| Other amounts payable | 47/48 | €1,024 | €1,396 | +€372 | +36.3% |
| Accrued charges and deferred income | 492/3 | €1,551 | €200 | -€1,351 | -87.1% |
| Non-recurring operating income | 76A | €867 | - | -€867 | |
| Remuneration, social security and pensions | 62 | €67,353 | €11,656 | -€55,697 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,119 | €7,886 | -€233 | -2.9% |
| Other operating charges | 640/8 | €846 | €909 | +€64 | +7.5% |
| Non-recurring operating charges | 66A | - | €311 | +€311 | |
| Gross operating margin | 9900 | €73,637 | €31,560 | -€42,077 | -57.1% |
| Operating profit (loss) | 9901 | -€2,680 | €10,797 | +€13,478 | |
| Financial income | 75/76B | €343 | €210 | -€134 | -38.9% |
| Recurring financial income | 75 | €341 | €13 | -€328 | -96.2% |
| Non-recurring financial income | 76B | €2 | €197 | +€195 | +9310.5% |
| Financial charges | 65/66B | €3,967 | €8,371 | +€4,404 | +111.0% |
| Recurring financial charges | 65 | €3,576 | €8,362 | +€4,786 | +133.8% |
| Non-recurring financial charges | 66B | €391 | €9 | -€382 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,304 | €2,636 | +€8,940 | |
| Income taxes | 67/77 | -€48 | €0 | +€48 | |
| Profit (loss) for the period | 9904 | -€6,256 | €2,636 | +€8,892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,256 | €2,636 | +€8,892 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.