DECOFIS: 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.
DECOFIS
Largest movements
- Tangible fixed assets +€279,246
up €279,246 (+64.3%), from €434,435 to €713,681
of which Land and buildings: +€306,440
- Current investments -€134,499
down €134,499 (-55.7%), from €241,570 to €107,071
- Cash +€114,707
up €114,707 (+653.2%), from €17,561 to €132,268
mainly Contributions, distributions and other (+€306,799) and Current investments (+€134,499)
- Receivables within one year +€45,356
up €45,356 (+37.3%), from €121,490 to €166,846
of which Trade receivables: +€36,965
- Revaluation surpluses +€316,799
new in 2025: €316,799
- Debts after one year -€21,686
down €21,686 (-59.0%), from €36,733 to €15,047
- Reserves +€18,942
up €18,942 (+3.0%), from €634,818 to €653,760
of which Distributable reserves: +€20,481
- Tax, wage and social debts +€12,978
up €12,978 (+17.5%), from €74,166 to €87,144
of which Remuneration and social security: +€8,772
- Gross operating margin +€38,449
up €38,449 (+11.1%), from €347,323 to €385,772
- Staff costs +€35,894
up €35,894 (+14.6%), from €245,592 to €281,487
- Taxes -€5,720
down €5,720 (-31.9%), from €17,903 to €12,183
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 | €820,333 | €1,128,645 | +€308,312 | +37.6% |
| Fixed assets | 21/28 | €434,554 | €713,799 | +€279,246 | +64.3% |
| Tangible fixed assets | 22/27 | €434,435 | €713,681 | +€279,246 | +64.3% |
| Land and buildings | 22 | €344,610 | €651,050 | +€306,440 | +88.9% |
| Furniture and vehicles | 24 | €89,321 | €62,523 | -€26,797 | -30.0% |
| Other tangible fixed assets | 26 | €504 | €108 | -€397 | -78.7% |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €385,779 | €414,846 | +€29,067 | +7.5% |
| Amounts receivable within one year | 40/41 | €121,490 | €166,846 | +€45,356 | +37.3% |
| Trade receivables | 40 | €98,048 | €135,013 | +€36,965 | +37.7% |
| Other amounts receivable | 41 | €23,441 | €31,833 | +€8,391 | +35.8% |
| Current investments | 50/53 | €241,570 | €107,071 | -€134,499 | -55.7% |
| Cash at bank and in hand | 54/58 | €17,561 | €132,268 | +€114,707 | +653.2% |
| Deferred charges and accrued income | 490/1 | €5,159 | €8,662 | +€3,503 | +67.9% |
| Total equity and liabilities | 10/49 | €820,333 | €1,128,645 | +€308,312 | +37.6% |
| Equity | 10/15 | €641,018 | €976,759 | +€335,741 | +52.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | - | €316,799 | +€316,799 | |
| Reserves | 13 | €634,818 | €653,760 | +€18,942 | +3.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,834 | €31,295 | -€1,539 | -4.7% |
| Distributable reserves | 133 | €600,125 | €620,606 | +€20,481 | +3.4% |
| Provisions and deferred taxes | 16 | €10,944 | €10,431 | -€513 | -4.7% |
| Deferred taxes | 168 | €10,944 | €10,431 | -€513 | -4.7% |
| Amounts payable | 17/49 | €168,370 | €141,455 | -€26,915 | -16.0% |
| Amounts payable after more than one year | 17 | €36,733 | €15,047 | -€21,686 | -59.0% |
| Financial debts | 170/4 | €36,733 | €15,047 | -€21,686 | -59.0% |
| Amounts payable within one year | 42/48 | €131,059 | €124,473 | -€6,586 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €30,003 | €25,006 | -€4,997 | -16.7% |
| Trade debts | 44 | €16,890 | €12,323 | -€4,567 | -27.0% |
| Suppliers | 440/4 | €16,890 | €12,323 | -€4,567 | -27.0% |
| Taxes, remuneration and social security | 45 | €74,166 | €87,144 | +€12,978 | +17.5% |
| Taxes | 450/3 | €43,876 | €48,081 | +€4,206 | +9.6% |
| Remuneration and social security | 454/9 | €30,291 | €39,063 | +€8,772 | +29.0% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | €578 | €1,935 | +€1,357 | +234.8% |
| Remuneration, social security and pensions | 62 | €245,592 | €281,487 | +€35,894 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,516 | €50,807 | +€290 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,846 | €5,328 | +€1,482 | +38.5% |
| Other operating charges | 640/8 | €6,137 | €5,217 | -€920 | -15.0% |
| Gross operating margin | 9900 | €347,323 | €385,772 | +€38,449 | +11.1% |
| Operating profit (loss) | 9901 | €41,232 | €42,934 | +€1,702 | +4.1% |
| Financial income | 75/76B | €1,689 | €883 | -€805 | -47.7% |
| Recurring financial income | 75 | €1,689 | €883 | -€805 | -47.7% |
| Financial charges | 65/66B | €3,433 | €3,206 | -€227 | -6.6% |
| Recurring financial charges | 65 | €3,433 | €3,206 | -€227 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €39,488 | €40,612 | +€1,125 | +2.8% |
| Transfer from deferred taxes | 780 | €513 | €513 | = | 0.0% |
| Income taxes | 67/77 | €17,903 | €12,183 | -€5,720 | -31.9% |
| Profit (loss) for the period | 9904 | €22,097 | €28,942 | +€6,844 | +31.0% |
| Transfer from tax-exempt reserves | 789 | €1,539 | €1,539 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,636 | €30,481 | +€6,844 | +29.0% |
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 30 September 2026 via checked.be.