DECOHESBAYE: 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.
DECOHESBAYE
Largest movements
- Stocks and contracts +€2.0m
up €2.0m (+177%), from €1.1m to €3.2m
- Cash -€758,780
down €758,780 (-77.5%), from €979,389 to €220,609
mainly Stocks and contracts (-€2.0m) and Other debts (-€443,627)
- Receivables within one year -€584,565
down €584,565 (-50.7%), from €1.2m to €567,501
of which Other amounts receivable: -€468,237
- Tangible fixed assets -€215,477
down €215,477 (-9.0%), from €2.4m to €2.2m
of which Furniture and vehicles: -€160,212
- Reserves +€497,144
up €497,144 (+19.0%), from €2.6m to €3.1m
of which Distributable reserves: +€493,994
- Other debts -€443,627
down €443,627 (-98.7%), from €449,596 to €5,969
- Debts after one year +€405,598
up €405,598 (+80.3%), from €504,827 to €910,425
- Trade debts -€172,684
down €172,684 (-10.2%), from €1.7m to €1.5m
- Current portion of long-term debt +€95,715
up €95,715 (+71.5%), from €133,925 to €229,640
- Gross operating margin -€1.4m
down €1.4m (-49.2%), from €2.9m to €1.5m
- Taxes -€475,926
down €475,926 (-69.4%), from €686,100 to €210,174
- Depreciation +€118,430
up €118,430 (+35.4%), from €334,649 to €453,078
- Financial income +€41,377
up €41,377 (+604%), from €6,850 to €48,227
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 | €5,817,840 | €6,228,956 | +€411,116 | +7.1% |
| Fixed assets | 21/28 | €2,513,856 | €2,247,031 | -€266,826 | -10.6% |
| Tangible fixed assets | 22/27 | €2,383,624 | €2,168,147 | -€215,477 | -9.0% |
| Land and buildings | 22 | €1,033,975 | €941,466 | -€92,509 | -8.9% |
| Plant, machinery and equipment | 23 | €564,695 | €601,939 | +€37,244 | +6.6% |
| Furniture and vehicles | 24 | €784,953 | €624,742 | -€160,212 | -20.4% |
| Financial fixed assets | 28 | €130,233 | €78,884 | -€51,349 | -39.4% |
| Current assets | 29/58 | €3,303,984 | €3,981,926 | +€677,941 | +20.5% |
| Stocks and contracts in progress | 3 | €1,149,176 | €3,187,214 | +€2.0m | +177% |
| Stocks | 30/36 | €1,149,176 | €3,187,214 | +€2.0m | +177% |
| Amounts receivable within one year | 40/41 | €1,152,066 | €567,501 | -€584,565 | -50.7% |
| Trade receivables | 40 | €470,444 | €354,116 | -€116,328 | -24.7% |
| Other amounts receivable | 41 | €681,622 | €213,385 | -€468,237 | -68.7% |
| Cash at bank and in hand | 54/58 | €979,389 | €220,609 | -€758,780 | -77.5% |
| Deferred charges and accrued income | 490/1 | €23,354 | €6,602 | -€16,752 | -71.7% |
| Total equity and liabilities | 10/49 | €5,817,840 | €6,228,956 | +€411,116 | +7.1% |
| Equity | 10/15 | €2,841,379 | €3,332,097 | +€490,718 | +17.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €2,615,468 | €3,112,611 | +€497,144 | +19.0% |
| Tax-exempt reserves | 132 | €94,006 | €97,156 | +€3,150 | +3.4% |
| Distributable reserves | 133 | €2,521,462 | €3,015,455 | +€493,994 | +19.6% |
| Profit (loss) carried forward | 14 | €93,991 | €93,991 | = | 0.0% |
| Investment grants | 15 | €57,552 | €51,127 | -€6,426 | -11.2% |
| Provisions and deferred taxes | 16 | €12,585 | €13,635 | +€1,050 | +8.3% |
| Provisions for liabilities and charges | 160/5 | €12,585 | - | -€12,585 | |
| Taxes | 161 | €12,585 | - | -€12,585 | |
| Deferred taxes | 168 | - | €13,635 | +€13,635 | |
| Amounts payable | 17/49 | €2,963,877 | €2,883,224 | -€80,652 | -2.7% |
| Amounts payable after more than one year | 17 | €504,827 | €910,425 | +€405,598 | +80.3% |
| Financial debts | 170/4 | €504,827 | €910,425 | +€405,598 | +80.3% |
| Amounts payable within one year | 42/48 | €2,452,082 | €1,971,291 | -€480,791 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €133,925 | €229,640 | +€95,715 | +71.5% |
| Trade debts | 44 | €1,693,726 | €1,521,042 | -€172,684 | -10.2% |
| Suppliers | 440/4 | €1,693,726 | €1,521,042 | -€172,684 | -10.2% |
| Taxes, remuneration and social security | 45 | €174,835 | €214,640 | +€39,805 | +22.8% |
| Taxes | 450/3 | €140,950 | €195,991 | +€55,041 | +39.0% |
| Remuneration and social security | 454/9 | €33,885 | €18,649 | -€15,236 | -45.0% |
| Other amounts payable | 47/48 | €449,596 | €5,969 | -€443,627 | -98.7% |
| Accrued charges and deferred income | 492/3 | €6,967 | €1,508 | -€5,459 | -78.4% |
| Non-recurring operating income | 76A | €57,360 | €18,879 | -€38,481 | -67.1% |
| Remuneration, social security and pensions | 62 | €282,618 | €289,748 | +€7,130 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334,649 | €453,078 | +€118,430 | +35.4% |
| Other operating charges | 640/8 | €31,958 | €32,575 | +€617 | +1.9% |
| Gross operating margin | 9900 | €2,937,672 | €1,492,298 | -€1.4m | -49.2% |
| Operating profit (loss) | 9901 | €2,288,447 | €716,897 | -€1.6m | -68.7% |
| Financial income | 75/76B | €6,850 | €48,227 | +€41,377 | +604% |
| Recurring financial income | 75 | €6,850 | €48,227 | +€41,377 | +604% |
| Financial charges | 65/66B | €59,784 | €56,756 | -€3,028 | -5.1% |
| Recurring financial charges | 65 | €59,784 | €56,756 | -€3,028 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €2,235,513 | €708,368 | -€1.5m | -68.3% |
| Transfer from deferred taxes | 780 | €915 | €2,700 | +€1,785 | +195% |
| Transfer to deferred taxes | 680 | €13,500 | €3,750 | -€9,750 | -72.2% |
| Income taxes | 67/77 | €686,100 | €210,174 | -€475,926 | -69.4% |
| Profit (loss) for the period | 9904 | €1,536,827 | €497,144 | -€1.0m | -67.7% |
| Transfer from tax-exempt reserves | 789 | €2,744 | €8,100 | +€5,356 | +195% |
| Transfer to tax-exempt reserves | 689 | €40,500 | €11,250 | -€29,250 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,499,072 | €493,994 | -€1.0m | -67.0% |
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 21 October 2026 via checked.be.