DECOFEU.be: 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.
DECOFEU.be
Largest movements
- Cash +€84,150
up €84,150 (+74.9%), from €112,303 to €196,453
mainly Trade debts (+€197,353) and Depreciation (+€85,967)
- Stocks and contracts +€70,389
up €70,389 (+62.1%), from €113,375 to €183,764
- Tangible fixed assets +€20,063
up €20,063 (+2.0%), from €1.0m to €1.0m
of which Other tangible fixed assets: +€59,925
- Receivables within one year +€16,319
up €16,319 (+19.8%), from €82,292 to €98,611
of which Trade receivables: +€8,218
- Trade debts +€197,353
up €197,353 (+333.3%), from €59,218 to €256,570
- Profit (loss) carried forward -€49,844
down €49,844 (-65.6%), from €75,943 to €26,099
- Other debts +€36,491
up €36,491 (+51.0%), from €71,568 to €108,059
- Short-term financial debts +€30,000
new in 2025: €30,000
- Staff costs +€35,679
up €35,679 (+9.3%), from €382,097 to €417,775
- Gross operating margin +€17,960
up €17,960 (+3.4%), from €521,553 to €539,513
- Other operating charges +€17,297
up €17,297 (+166.3%), from €10,401 to €27,699
- Write-downs +€17,075
new in 2025: €17,075
- Depreciation -€8,639
down €8,639 (-9.1%), from €94,607 to €85,967
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 | €1,327,433 | €1,531,888 | +€204,455 | +15.4% |
| Fixed assets | 21/28 | €1,018,415 | €1,045,612 | +€27,198 | +2.7% |
| Intangible fixed assets | 21 | - | €7,135 | +€7,135 | |
| Tangible fixed assets | 22/27 | €1,018,415 | €1,038,477 | +€20,063 | +2.0% |
| Land and buildings | 22 | €806,561 | €763,138 | -€43,423 | -5.4% |
| Plant, machinery and equipment | 23 | €143,770 | €127,459 | -€16,311 | -11.3% |
| Furniture and vehicles | 24 | €61,723 | €35,449 | -€26,274 | -42.6% |
| Leasing and similar rights | 25 | €6,361 | €52,505 | +€46,145 | +725.5% |
| Other tangible fixed assets | 26 | - | €59,925 | +€59,925 | |
| Current assets | 29/58 | €309,018 | €486,276 | +€177,258 | +57.4% |
| Stocks and contracts in progress | 3 | €113,375 | €183,764 | +€70,389 | +62.1% |
| Stocks | 30/36 | €113,375 | €183,764 | +€70,389 | +62.1% |
| Amounts receivable within one year | 40/41 | €82,292 | €98,611 | +€16,319 | +19.8% |
| Trade receivables | 40 | €55,076 | €63,294 | +€8,218 | +14.9% |
| Other amounts receivable | 41 | €27,217 | €35,318 | +€8,101 | +29.8% |
| Cash at bank and in hand | 54/58 | €112,303 | €196,453 | +€84,150 | +74.9% |
| Deferred charges and accrued income | 490/1 | €1,047 | €7,448 | +€6,400 | +611.0% |
| Total equity and liabilities | 10/49 | €1,327,433 | €1,531,888 | +€204,455 | +15.4% |
| Equity | 10/15 | €414,080 | €358,219 | -€55,861 | -13.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €176,860 | €176,860 | = | 0.0% |
| Distributable reserves | 133 | €176,860 | €176,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,943 | €26,099 | -€49,844 | -65.6% |
| Investment grants | 15 | €91,277 | €85,260 | -€6,017 | -6.6% |
| Amounts payable | 17/49 | €913,353 | €1,173,670 | +€260,316 | +28.5% |
| Amounts payable after more than one year | 17 | €641,114 | €634,270 | -€6,843 | -1.1% |
| Financial debts | 170/4 | €641,114 | €634,270 | -€6,843 | -1.1% |
| Amounts payable within one year | 42/48 | €272,212 | €537,466 | +€265,254 | +97.4% |
| Current portion of amounts payable after more than one year | 42 | €112,838 | €109,266 | -€3,572 | -3.2% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €59,218 | €256,570 | +€197,353 | +333.3% |
| Suppliers | 440/4 | €59,218 | €256,570 | +€197,353 | +333.3% |
| Taxes, remuneration and social security | 45 | €28,588 | €33,571 | +€4,983 | +17.4% |
| Taxes | 450/3 | - | €1,470 | +€1,470 | |
| Remuneration and social security | 454/9 | €28,588 | €32,101 | +€3,513 | +12.3% |
| Other amounts payable | 47/48 | €71,568 | €108,059 | +€36,491 | +51.0% |
| Accrued charges and deferred income | 492/3 | €27 | €1,933 | +€1,905 | +6935.7% |
| Remuneration, social security and pensions | 62 | €382,097 | €417,775 | +€35,679 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,607 | €85,967 | -€8,639 | -9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,075 | +€17,075 | |
| Other operating charges | 640/8 | €10,401 | €27,699 | +€17,297 | +166.3% |
| Gross operating margin | 9900 | €521,553 | €539,513 | +€17,960 | +3.4% |
| Operating profit (loss) | 9901 | €34,448 | -€9,003 | -€43,452 | |
| Financial income | 75/76B | €12,775 | €7,951 | -€4,824 | -37.8% |
| Recurring financial income | 75 | €12,775 | €7,951 | -€4,824 | -37.8% |
| Financial charges | 65/66B | €20,097 | €23,557 | +€3,460 | +17.2% |
| Recurring financial charges | 65 | €20,097 | €23,557 | +€3,460 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €27,126 | -€24,609 | -€51,735 | |
| Income taxes | 67/77 | €7,442 | €235 | -€7,208 | -96.8% |
| Profit (loss) for the period | 9904 | €19,684 | -€24,844 | -€44,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,684 | -€24,844 | -€44,527 |
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 10 October 2026 via checked.be.