DECONAM: 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.
DECONAM
Largest movements
- Current investments +€31,448
up €31,448 (+10.5%), from €300,826 to €332,274
- Cash +€9,273
up €9,273 (+138.1%), from €6,715 to €15,988
mainly Net result for the year (+€34,410) and Depreciation (+€6,665)
- Tangible fixed assets -€6,665
down €6,665 (-8.5%), from €77,982 to €71,317
of which Plant, machinery and equipment: -€6,545
- Profit (loss) carried forward +€34,410
up €34,410 (+45.0%), from -€76,457 to -€42,047
- Financial charges -€38,637
down €38,637, from €13,519 to -€25,118
of which Non-recurring financial charges: -€38,604
- Gross operating margin +€8,841
up €8,841, from -€5,537 to €3,304
- Purchases and services -€6,929
down €6,929 (-53.2%), from €13,014 to €6,085
- Financial income +€4,825
up €4,825 (+32.2%), from €14,968 to €19,793
- Taxes +€1,909
up €1,909 (+81.9%), from €2,331 to €4,240
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 | €385,523 | €419,579 | +€34,056 | +8.8% |
| Fixed assets | 21/28 | €77,982 | €71,317 | -€6,665 | -8.5% |
| Tangible fixed assets | 22/27 | €77,982 | €71,317 | -€6,665 | -8.5% |
| Land and buildings | 22 | €21,638 | €21,638 | = | 0.0% |
| Plant, machinery and equipment | 23 | €55,810 | €49,265 | -€6,545 | -11.7% |
| Furniture and vehicles | 24 | €534 | €414 | -€120 | -22.5% |
| Current assets | 29/58 | €307,541 | €348,262 | +€40,721 | +13.2% |
| Current investments | 50/53 | €300,826 | €332,274 | +€31,448 | +10.5% |
| Cash at bank and in hand | 54/58 | €6,715 | €15,988 | +€9,273 | +138.1% |
| Total equity and liabilities | 10/49 | €385,523 | €419,579 | +€34,056 | +8.8% |
| Equity | 10/15 | €372,291 | €406,701 | +€34,410 | +9.2% |
| Contributions | 10/11 | €204,380 | €204,380 | = | 0.0% |
| Capital | 10 | €204,380 | €204,380 | = | 0.0% |
| Issued capital | 100 | €226,690 | €226,690 | = | 0.0% |
| Uncalled capital | 101 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €244,368 | €244,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,368 | €74,368 | = | 0.0% |
| Legal reserve | 130 | €74,368 | €74,368 | = | 0.0% |
| Distributable reserves | 133 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,457 | -€42,047 | +€34,410 | +45.0% |
| Amounts payable | 17/49 | €13,232 | €12,878 | -€354 | -2.7% |
| Amounts payable within one year | 42/48 | €13,232 | €12,878 | -€354 | -2.7% |
| Trade debts | 44 | €149 | €184 | +€35 | +23.5% |
| Suppliers | 440/4 | €149 | €184 | +€35 | +23.5% |
| Other amounts payable | 47/48 | €13,083 | €12,694 | -€389 | -3.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,014 | €6,085 | -€6,929 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,703 | €6,665 | +€962 | +16.9% |
| Other operating charges | 640/8 | €2,253 | €2,900 | +€647 | +28.7% |
| Gross operating margin | 9900 | -€5,537 | €3,304 | +€8,841 | |
| Operating profit (loss) | 9901 | -€13,493 | -€6,261 | +€7,232 | +53.6% |
| Financial income | 75/76B | €14,968 | €19,793 | +€4,825 | +32.2% |
| Recurring financial income | 75 | €14,968 | €19,793 | +€4,825 | +32.2% |
| Financial charges | 65/66B | €13,519 | -€25,118 | -€38,637 | |
| Recurring financial charges | 65 | €358 | €325 | -€33 | -9.2% |
| Non-recurring financial charges | 66B | €13,161 | -€25,443 | -€38,604 | |
| Profit (loss) for the period before taxes | 9903 | -€12,044 | €38,650 | +€50,694 | |
| Income taxes | 67/77 | €2,331 | €4,240 | +€1,909 | +81.9% |
| Profit (loss) for the period | 9904 | -€14,375 | €34,410 | +€48,785 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,375 | €34,410 | +€48,785 |
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 4 October 2026 via checked.be.