DECOFAR: 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.
DECOFAR
Largest movements
- Intangible fixed assets -€39,999
down €39,999 (-31.1%), from €128,629 to €88,630
- Receivables within one year -€2,629
down €2,629 (-85.9%), from €3,060 to €432
of which Trade receivables: -€3,025
- Tangible fixed assets -€1,875
down €1,875 (-95.7%), from €1,959 to €84
of which Plant, machinery and equipment: -€1,696
- Profit (loss) carried forward -€54,063
down €54,063 (-15.4%), from -€351,910 to -€405,974
- Other debts +€9,063
up €9,063 (+6.4%), from €142,502 to €151,565
- Depreciation +€10,036
up €10,036 (+31.5%), from €31,838 to €41,874
- Gross operating margin +€2,549
up €2,549 (+17.9%), from -€14,262 to -€11,714
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 | €134,511 | €89,268 | -€45,243 | -33.6% |
| Fixed assets | 21/28 | €130,588 | €88,713 | -€41,874 | -32.1% |
| Intangible fixed assets | 21 | €128,629 | €88,630 | -€39,999 | -31.1% |
| Tangible fixed assets | 22/27 | €1,959 | €84 | -€1,875 | -95.7% |
| Land and buildings | 22 | €179 | - | -€179 | |
| Plant, machinery and equipment | 23 | €1,780 | €84 | -€1,696 | -95.3% |
| Current assets | 29/58 | €3,924 | €555 | -€3,369 | -85.9% |
| Amounts receivable within one year | 40/41 | €3,060 | €432 | -€2,629 | -85.9% |
| Trade receivables | 40 | €3,025 | - | -€3,025 | |
| Other amounts receivable | 41 | €35 | €432 | +€396 | +1119.1% |
| Cash at bank and in hand | 54/58 | €863 | €123 | -€740 | -85.8% |
| Total equity and liabilities | 10/49 | €134,511 | €89,268 | -€45,243 | -33.6% |
| Equity | 10/15 | -€9,707 | -€63,771 | -€54,063 | -556.9% |
| Contributions | 10/11 | €311,973 | €311,973 | = | 0.0% |
| Capital | 10 | €311,973 | €311,973 | = | 0.0% |
| Issued capital | 100 | €311,973 | €311,973 | = | 0.0% |
| Reserves | 13 | €30,230 | €30,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €24,032 | €24,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€351,910 | -€405,974 | -€54,063 | -15.4% |
| Amounts payable | 17/49 | €144,219 | €153,039 | +€8,820 | +6.1% |
| Amounts payable within one year | 42/48 | €144,219 | €153,039 | +€8,820 | +6.1% |
| Trade debts | 44 | €1,631 | €1,313 | -€317 | -19.5% |
| Suppliers | 440/4 | €1,631 | €1,313 | -€317 | -19.5% |
| Taxes, remuneration and social security | 45 | €86 | €161 | +€75 | +86.9% |
| Taxes | 450/3 | €86 | €161 | +€75 | +86.9% |
| Other amounts payable | 47/48 | €142,502 | €151,565 | +€9,063 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,838 | €41,874 | +€10,036 | +31.5% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€14,262 | -€11,714 | +€2,549 | +17.9% |
| Operating profit (loss) | 9901 | -€46,218 | -€53,708 | -€7,489 | -16.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €272 | €280 | +€9 | +3.1% |
| Recurring financial charges | 65 | €272 | €280 | +€9 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,490 | -€53,988 | -€7,498 | -16.1% |
| Income taxes | 67/77 | €86 | €75 | -€11 | -13.1% |
| Profit (loss) for the period | 9904 | -€46,576 | -€54,063 | -€7,487 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,576 | -€54,063 | -€7,487 | -16.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.