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 -€178,077
down €178,077 (-8.6%), from €2.1m to €1.9m
of which Land and buildings: -€117,163
- Current investments +€128,455
up €128,455 (+64.1%), from €200,460 to €328,915
- Cash -€37,461
down €37,461 (-9.1%), from €410,910 to €373,450
mainly Debts after one year (-€182,123) and Current investments (-€128,455)
- Debts after one year -€182,123
down €182,123 (-14.7%), from €1.2m to €1.1m
- Trade debts +€86,357
up €86,357 (+49.5%), from €174,611 to €260,967
- Reserves +€68,233
up €68,233 (+4.7%), from €1.4m to €1.5m
of which Distributable reserves: +€68,233
- Current portion of long-term debt -€39,102
down €39,102 (-16.7%), from €234,411 to €195,309
- Gross operating margin -€84,104
down €84,104 (-9.5%), from €882,041 to €797,937
- Staff costs +€68,348
up €68,348 (+22.9%), from €299,022 to €367,371
- Taxes -€46,418
down €46,418 (-42.2%), from €109,931 to €63,513
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 | €3,239,197 | €3,178,992 | -€60,205 | -1.9% |
| Fixed assets | 21/28 | €2,060,781 | €1,883,004 | -€177,777 | -8.6% |
| Tangible fixed assets | 22/27 | €2,060,522 | €1,882,444 | -€178,077 | -8.6% |
| Land and buildings | 22 | €1,907,055 | €1,789,892 | -€117,163 | -6.1% |
| Plant, machinery and equipment | 23 | €63,757 | €48,608 | -€15,149 | -23.8% |
| Furniture and vehicles | 24 | €35,027 | €5,662 | -€29,366 | -83.8% |
| Leasing and similar rights | 25 | €54,682 | €38,282 | -€16,400 | -30.0% |
| Financial fixed assets | 28 | €259 | €559 | +€300 | +116% |
| Current assets | 29/58 | €1,178,416 | €1,295,988 | +€117,572 | +10.0% |
| Stocks and contracts in progress | 3 | €525,983 | €524,636 | -€1,346 | -0.3% |
| Stocks | 30/36 | €525,983 | €524,636 | -€1,346 | -0.3% |
| Amounts receivable within one year | 40/41 | €28,339 | €60,712 | +€32,374 | +114% |
| Trade receivables | 40 | €13,077 | €19,478 | +€6,402 | +49.0% |
| Other amounts receivable | 41 | €15,262 | €41,234 | +€25,972 | +170% |
| Current investments | 50/53 | €200,460 | €328,915 | +€128,455 | +64.1% |
| Cash at bank and in hand | 54/58 | €410,910 | €373,450 | -€37,461 | -9.1% |
| Deferred charges and accrued income | 490/1 | €12,725 | €8,275 | -€4,450 | -35.0% |
| Total equity and liabilities | 10/49 | €3,239,197 | €3,178,992 | -€60,205 | -1.9% |
| Equity | 10/15 | €1,455,161 | €1,523,394 | +€68,233 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,448,961 | €1,517,194 | +€68,233 | +4.7% |
| Tax-exempt reserves | 132 | €1,024 | €1,024 | = | 0.0% |
| Distributable reserves | 133 | €1,447,937 | €1,516,170 | +€68,233 | +4.7% |
| Amounts payable | 17/49 | €1,784,037 | €1,655,598 | -€128,438 | -7.2% |
| Amounts payable after more than one year | 17 | €1,238,875 | €1,056,751 | -€182,123 | -14.7% |
| Financial debts | 170/4 | €1,238,875 | €1,056,751 | -€182,123 | -14.7% |
| Amounts payable within one year | 42/48 | €541,244 | €598,770 | +€57,526 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €234,411 | €195,309 | -€39,102 | -16.7% |
| Financial debts | 43 | €35,885 | €25,000 | -€10,885 | -30.3% |
| Credit institutions | 430/8 | €35,885 | €25,000 | -€10,885 | -30.3% |
| Trade debts | 44 | €174,611 | €260,967 | +€86,357 | +49.5% |
| Suppliers | 440/4 | €174,611 | €260,967 | +€86,357 | +49.5% |
| Advances received on contracts in progress | 46 | - | €13,818 | +€13,818 | |
| Taxes, remuneration and social security | 45 | €96,338 | €103,676 | +€7,338 | +7.6% |
| Taxes | 450/3 | €66,103 | €68,315 | +€2,212 | +3.3% |
| Remuneration and social security | 454/9 | €30,235 | €35,361 | +€5,126 | +17.0% |
| Accrued charges and deferred income | 492/3 | €3,918 | €76 | -€3,841 | -98.1% |
| Remuneration, social security and pensions | 62 | €299,022 | €367,371 | +€68,348 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179,856 | €178,238 | -€1,618 | -0.9% |
| Other operating charges | 640/8 | €10,338 | €10,357 | +€19 | +0.2% |
| Gross operating margin | 9900 | €882,041 | €797,937 | -€84,104 | -9.5% |
| Operating profit (loss) | 9901 | €392,825 | €241,971 | -€150,854 | -38.4% |
| Financial income | 75/76B | €5,194 | €6,783 | +€1,589 | +30.6% |
| Recurring financial income | 75 | €5,194 | €6,783 | +€1,589 | +30.6% |
| Financial charges | 65/66B | €56,164 | €53,915 | -€2,249 | -4.0% |
| Recurring financial charges | 65 | €56,164 | €53,915 | -€2,249 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €341,855 | €194,839 | -€147,016 | -43.0% |
| Income taxes | 67/77 | €109,931 | €63,513 | -€46,418 | -42.2% |
| Profit (loss) for the period | 9904 | €231,924 | €131,326 | -€100,598 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €231,924 | €131,326 | -€100,598 | -43.4% |
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.