DECONINCK: 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.
DECONINCK
Largest movements
- Tangible fixed assets +€494,790
up €494,790 (+77.7%), from €636,961 to €1.1m
of which Land and buildings: +€321,132
- Cash -€258,382
down €258,382 (-52.4%), from €493,336 to €234,954
mainly Investment in fixed assets (net) (-€611,905) and Tax, wage and social debts (-€11,341)
- Reserves +€165,368
up €165,368 (+24.1%), from €685,595 to €850,963
of which Distributable reserves: +€167,228
- Trade debts +€44,062
up €44,062 (+23.0%), from €191,499 to €235,561
- Other debts +€35,159
up €35,159 (+25.9%), from €135,784 to €170,943
- Depreciation +€57,967
up €57,967 (+98.0%), from €59,147 to €117,115
- Taxes -€31,994
down €31,994 (-33.6%), from €95,258 to €63,263
- Gross operating margin -€11,491
down €11,491 (-1.9%), from €598,147 to €586,656
- Staff costs -€9,548
down €9,548 (-5.1%), from €188,046 to €178,498
- Financial charges +€9,298
up €9,298 (+24.5%), from €37,956 to €47,254
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 | €1,666,888 | €1,900,136 | +€233,248 | +14.0% |
| Fixed assets | 21/28 | €636,961 | €1,131,751 | +€494,790 | +77.7% |
| Tangible fixed assets | 22/27 | €636,961 | €1,131,751 | +€494,790 | +77.7% |
| Land and buildings | 22 | €497,843 | €818,975 | +€321,132 | +64.5% |
| Plant, machinery and equipment | 23 | €906 | €712 | -€194 | -21.4% |
| Furniture and vehicles | 24 | €138,212 | €288,114 | +€149,902 | +108% |
| Other tangible fixed assets | 26 | - | €23,950 | +€23,950 | |
| Current assets | 29/58 | €1,029,928 | €768,385 | -€261,542 | -25.4% |
| Amounts receivable within one year | 40/41 | €507,854 | €503,617 | -€4,237 | -0.8% |
| Trade receivables | 40 | €506,317 | €502,807 | -€3,510 | -0.7% |
| Other amounts receivable | 41 | €1,537 | €810 | -€727 | -47.3% |
| Cash at bank and in hand | 54/58 | €493,336 | €234,954 | -€258,382 | -52.4% |
| Deferred charges and accrued income | 490/1 | €28,737 | €29,815 | +€1,077 | +3.7% |
| Total equity and liabilities | 10/49 | €1,666,888 | €1,900,136 | +€233,248 | +14.0% |
| Equity | 10/15 | €704,195 | €869,563 | +€165,368 | +23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €685,595 | €850,963 | +€165,368 | +24.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €683,735 | €850,963 | +€167,228 | +24.5% |
| Amounts payable | 17/49 | €962,693 | €1,030,573 | +€67,880 | +7.1% |
| Amounts payable after more than one year | 17 | €518,741 | €518,741 | = | 0.0% |
| Financial debts | 170/4 | €518,741 | €518,741 | = | 0.0% |
| Amounts payable within one year | 42/48 | €443,952 | €511,832 | +€67,880 | +15.3% |
| Trade debts | 44 | €191,499 | €235,561 | +€44,062 | +23.0% |
| Suppliers | 440/4 | €191,499 | €235,561 | +€44,062 | +23.0% |
| Taxes, remuneration and social security | 45 | €116,668 | €105,328 | -€11,341 | -9.7% |
| Taxes | 450/3 | €97,492 | €86,133 | -€11,358 | -11.7% |
| Remuneration and social security | 454/9 | €19,177 | €19,194 | +€18 | +0.1% |
| Other amounts payable | 47/48 | €135,784 | €170,943 | +€35,159 | +25.9% |
| Remuneration, social security and pensions | 62 | €188,046 | €178,498 | -€9,548 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,147 | €117,115 | +€57,967 | +98.0% |
| Other operating charges | 640/8 | €7,781 | €11,711 | +€3,930 | +50.5% |
| Non-recurring operating charges | 66A | €5,709 | €3,448 | -€2,261 | -39.6% |
| Gross operating margin | 9900 | €598,147 | €586,656 | -€11,491 | -1.9% |
| Operating profit (loss) | 9901 | €337,464 | €275,885 | -€61,579 | -18.2% |
| Financial income | 75/76B | €1,708 | €0 | -€1,707 | -100.0% |
| Recurring financial income | 75 | €1,708 | €0 | -€1,707 | -100.0% |
| Financial charges | 65/66B | €37,956 | €47,254 | +€9,298 | +24.5% |
| Recurring financial charges | 65 | €37,956 | €47,254 | +€9,298 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €301,215 | €228,631 | -€72,584 | -24.1% |
| Income taxes | 67/77 | €95,258 | €63,263 | -€31,994 | -33.6% |
| Profit (loss) for the period | 9904 | €205,957 | €165,368 | -€40,590 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €205,957 | €165,368 | -€40,590 | -19.7% |
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 17 October 2026 via checked.be.