DECOFIN: 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.
DECOFIN
Largest movements
- Cash +€86,813
up €86,813 (+414.0%), from €20,969 to €107,782
mainly Depreciation (+€140,183) and Debts after one year (+€52,729)
- Tangible fixed assets -€82,360
down €82,360 (-6.7%), from €1.2m to €1.1m
of which Land and buildings: -€73,883
- Intangible fixed assets -€57,823
down €57,823 (-12.5%), from €462,584 to €404,761
- Profit (loss) carried forward -€70,146
down €70,146 (-205.5%), from -€34,140 to -€104,286
- Debts after one year +€52,729
up €52,729 (+15.3%), from €345,058 to €397,787
of which Other amounts payable: +€95,000
- Other debts -€38,663
down €38,663 (-53.7%), from €72,038 to €33,375
- Gross operating margin +€10,326
up €10,326 (+10.8%), from €96,000 to €106,326
- Taxes +€2,125
up €2,125 (+47.1%), from €4,515 to €6,640
- Financial charges +€1,234
up €1,234 (+13.8%), from €8,944 to €10,177
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 | €1,708,264 | €1,654,409 | -€53,855 | -3.2% |
| Fixed assets | 21/28 | €1,686,810 | €1,546,627 | -€140,183 | -8.3% |
| Intangible fixed assets | 21 | €462,584 | €404,761 | -€57,823 | -12.5% |
| Tangible fixed assets | 22/27 | €1,224,226 | €1,141,866 | -€82,360 | -6.7% |
| Land and buildings | 22 | €1,206,900 | €1,133,017 | -€73,883 | -6.1% |
| Plant, machinery and equipment | 23 | €17,326 | €8,849 | -€8,477 | -48.9% |
| Current assets | 29/58 | €21,454 | €107,782 | +€86,328 | +402.4% |
| Amounts receivable within one year | 40/41 | €485 | - | -€485 | |
| Other amounts receivable | 41 | €485 | - | -€485 | |
| Cash at bank and in hand | 54/58 | €20,969 | €107,782 | +€86,813 | +414.0% |
| Total equity and liabilities | 10/49 | €1,708,264 | €1,654,409 | -€53,855 | -3.2% |
| Equity | 10/15 | €1,249,482 | €1,179,336 | -€70,146 | -5.6% |
| Contributions | 10/11 | €1,270,000 | €1,270,000 | = | 0.0% |
| Reserves | 13 | €13,622 | €13,622 | = | 0.0% |
| Distributable reserves | 133 | €13,622 | €13,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,140 | -€104,286 | -€70,146 | -205.5% |
| Amounts payable | 17/49 | €458,782 | €475,073 | +€16,291 | +3.6% |
| Amounts payable after more than one year | 17 | €345,058 | €397,787 | +€52,729 | +15.3% |
| Financial debts | 170/4 | €60,058 | €17,787 | -€42,271 | -70.4% |
| Other amounts payable | 178/9 | €285,000 | €380,000 | +€95,000 | +33.3% |
| Amounts payable within one year | 42/48 | €113,724 | €77,286 | -€36,438 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €41,686 | €42,271 | +€584 | +1.4% |
| Taxes, remuneration and social security | 45 | - | €1,640 | +€1,640 | |
| Taxes | 450/3 | - | €1,640 | +€1,640 | |
| Other amounts payable | 47/48 | €72,038 | €33,375 | -€38,663 | -53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,183 | €140,183 | = | 0.0% |
| Other operating charges | 640/8 | €18,878 | €19,471 | +€593 | +3.1% |
| Gross operating margin | 9900 | €96,000 | €106,326 | +€10,326 | +10.8% |
| Operating profit (loss) | 9901 | -€63,062 | -€53,329 | +€9,733 | +15.4% |
| Financial charges | 65/66B | €8,944 | €10,177 | +€1,234 | +13.8% |
| Recurring financial charges | 65 | €8,944 | €10,177 | +€1,234 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€72,005 | -€63,506 | +€8,499 | +11.8% |
| Income taxes | 67/77 | €4,515 | €6,640 | +€2,125 | +47.1% |
| Profit (loss) for the period | 9904 | -€76,520 | -€70,146 | +€6,374 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,520 | -€70,146 | +€6,374 | +8.3% |
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 4 October 2026 via checked.be.