DECOFAS: 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.
DECOFAS
Largest movements
- Stocks and contracts -€10,130
down €10,130 (-34.4%), from €29,480 to €19,350
of which Contracts in progress: -€9,680
- Tangible fixed assets -€4,253
down €4,253 (-14.3%), from €29,790 to €25,537
of which Leasing and similar rights: -€6,902
- Cash +€2,143
up €2,143 (+4.4%), from €48,312 to €50,455
mainly Depreciation (+€14,400) and Stocks and contracts (+€10,130)
- Debts after one year -€5,292
no longer reported in 2025 (was €5,292)
- Other debts -€4,503
down €4,503 (-40.5%), from €11,131 to €6,628
- Trade debts -€3,929
down €3,929 (-26.3%), from €14,951 to €11,022
- Current portion of long-term debt -€3,569
down €3,569 (-40.3%), from €8,862 to €5,292
- Profit (loss) carried forward +€2,225
up €2,225 (+5.7%), from €39,371 to €41,596
- Gross operating margin +€6,655
up €6,655 (+11.9%), from €55,892 to €62,548
- Staff costs +€2,238
up €2,238 (+6.2%), from €35,810 to €38,048
- Depreciation +€1,426
up €1,426 (+11.0%), from €12,973 to €14,400
- Taxes +€725
up €725 (+50.1%), from €1,447 to €2,172
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 | €130,228 | €117,585 | -€12,642 | -9.7% |
| Fixed assets | 21/28 | €30,137 | €26,200 | -€3,938 | -13.1% |
| Tangible fixed assets | 22/27 | €29,790 | €25,537 | -€4,253 | -14.3% |
| Plant, machinery and equipment | 23 | €4,686 | €3,112 | -€1,573 | -33.6% |
| Furniture and vehicles | 24 | €3,694 | €9,403 | +€5,709 | +155% |
| Leasing and similar rights | 25 | €18,003 | €11,101 | -€6,902 | -38.3% |
| Other tangible fixed assets | 26 | €3,407 | €1,921 | -€1,486 | -43.6% |
| Financial fixed assets | 28 | €348 | €663 | +€315 | +90.6% |
| Current assets | 29/58 | €100,090 | €91,386 | -€8,705 | -8.7% |
| Stocks and contracts in progress | 3 | €29,480 | €19,350 | -€10,130 | -34.4% |
| Stocks | 30/36 | €19,800 | €19,350 | -€450 | -2.3% |
| Contracts in progress | 37 | €9,680 | - | -€9,680 | |
| Amounts receivable within one year | 40/41 | €12,493 | €12,610 | +€118 | +0.9% |
| Trade receivables | 40 | €2,703 | €3,243 | +€540 | +20.0% |
| Other amounts receivable | 41 | €9,790 | €9,367 | -€422 | -4.3% |
| Cash at bank and in hand | 54/58 | €48,312 | €50,455 | +€2,143 | +4.4% |
| Deferred charges and accrued income | 490/1 | €9,806 | €8,970 | -€836 | -8.5% |
| Total equity and liabilities | 10/49 | €130,228 | €117,585 | -€12,642 | -9.7% |
| Equity | 10/15 | €83,783 | €86,008 | +€2,225 | +2.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €25,820 | €25,820 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,960 | €3,960 | = | 0.0% |
| Distributable reserves | 133 | €21,859 | €21,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,371 | €41,596 | +€2,225 | +5.7% |
| Amounts payable | 17/49 | €46,445 | €31,578 | -€14,867 | -32.0% |
| Amounts payable after more than one year | 17 | €5,292 | - | -€5,292 | |
| Financial debts | 170/4 | €5,292 | - | -€5,292 | |
| Amounts payable within one year | 42/48 | €39,376 | €29,365 | -€10,011 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €8,862 | €5,292 | -€3,569 | -40.3% |
| Trade debts | 44 | €14,951 | €11,022 | -€3,929 | -26.3% |
| Suppliers | 440/4 | €14,951 | €11,022 | -€3,929 | -26.3% |
| Taxes, remuneration and social security | 45 | €4,432 | €6,423 | +€1,991 | +44.9% |
| Taxes | 450/3 | €2,049 | €2,180 | +€130 | +6.3% |
| Remuneration and social security | 454/9 | €2,383 | €4,244 | +€1,861 | +78.1% |
| Other amounts payable | 47/48 | €11,131 | €6,628 | -€4,503 | -40.5% |
| Accrued charges and deferred income | 492/3 | €1,776 | €2,212 | +€436 | +24.5% |
| Remuneration, social security and pensions | 62 | €35,810 | €38,048 | +€2,238 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,973 | €14,400 | +€1,426 | +11.0% |
| Other operating charges | 640/8 | €1,404 | €1,437 | +€32 | +2.3% |
| Non-recurring operating charges | 66A | €711 | €3,873 | +€3,162 | +445% |
| Gross operating margin | 9900 | €55,892 | €62,548 | +€6,655 | +11.9% |
| Operating profit (loss) | 9901 | €4,994 | €4,790 | -€203 | -4.1% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €934 | €393 | -€541 | -57.9% |
| Recurring financial charges | 65 | €934 | €393 | -€541 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €4,065 | €4,397 | +€332 | +8.2% |
| Income taxes | 67/77 | €1,447 | €2,172 | +€725 | +50.1% |
| Profit (loss) for the period | 9904 | €2,618 | €2,225 | -€392 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,618 | €2,225 | -€392 | -15.0% |
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 16 October 2026 via checked.be.