DECOPA: 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.
DECOPA
Largest movements
- Receivables within one year +€358,150
up €358,150 (+84.8%), from €422,192 to €780,343
of which Trade receivables: +€182,904
- Stocks and contracts -€300,278
down €300,278 (-25.1%), from €1.2m to €896,346
- Cash -€76,701
down €76,701 (-19.3%), from €396,814 to €320,114
mainly Receivables within one year (-€358,150) and Debts after one year (-€100,618)
- Tax, wage and social debts +€113,330
up €113,330 (+226%), from €50,111 to €163,441
of which Taxes: +€113,184
- Debts after one year -€100,618
down €100,618 (-19.6%), from €513,065 to €412,447
- Trade debts -€36,530
down €36,530 (-44.0%), from €83,006 to €46,476
- Gross operating margin -€116,272
down €116,272 (-47.9%), from €242,907 to €126,634
- Other operating charges -€93,463
down €93,463 (-85.9%), from €108,843 to €15,380
- Financial charges -€14,334
down €14,334 (-21.4%), from €66,924 to €52,590
- Write-downs -€5,617
down €5,617 (-100%), from €5,617 to €0
- Taxes -€5,109
down €5,109 (-52.1%), from €9,802 to €4,693
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 | €2,305,400 | €2,273,768 | -€31,633 | -1.4% |
| Fixed assets | 21/28 | €277,864 | €258,605 | -€19,259 | -6.9% |
| Tangible fixed assets | 22/27 | €277,065 | €257,806 | -€19,259 | -7.0% |
| Land and buildings | 22 | €219,590 | €198,831 | -€20,759 | -9.5% |
| Plant, machinery and equipment | 23 | €31,442 | €41,605 | +€10,163 | +32.3% |
| Furniture and vehicles | 24 | €26,033 | €17,370 | -€8,663 | -33.3% |
| Financial fixed assets | 28 | €799 | €799 | = | 0.0% |
| Current assets | 29/58 | €2,027,536 | €2,015,162 | -€12,374 | -0.6% |
| Stocks and contracts in progress | 3 | €1,196,624 | €896,346 | -€300,278 | -25.1% |
| Stocks | 30/36 | €1,196,624 | €896,346 | -€300,278 | -25.1% |
| Amounts receivable within one year | 40/41 | €422,192 | €780,343 | +€358,150 | +84.8% |
| Trade receivables | 40 | €222,114 | €405,018 | +€182,904 | +82.3% |
| Other amounts receivable | 41 | €200,079 | €375,325 | +€175,246 | +87.6% |
| Cash at bank and in hand | 54/58 | €396,814 | €320,114 | -€76,701 | -19.3% |
| Deferred charges and accrued income | 490/1 | €11,905 | €18,360 | +€6,455 | +54.2% |
| Total equity and liabilities | 10/49 | €2,305,400 | €2,273,768 | -€31,633 | -1.4% |
| Equity | 10/15 | €484,657 | €498,078 | +€13,421 | +2.8% |
| Contributions | 10/11 | €231,555 | €231,555 | = | 0.0% |
| Reserves | 13 | €61,994 | €61,994 | = | 0.0% |
| Distributable reserves | 133 | €61,994 | €61,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,108 | €204,528 | +€13,421 | +7.0% |
| Amounts payable | 17/49 | €1,820,743 | €1,775,690 | -€45,054 | -2.5% |
| Amounts payable after more than one year | 17 | €513,065 | €412,447 | -€100,618 | -19.6% |
| Financial debts | 170/4 | €513,065 | €412,447 | -€100,618 | -19.6% |
| Amounts payable within one year | 42/48 | €1,255,742 | €1,323,519 | +€67,777 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €10,454 | €10,654 | +€200 | +1.9% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €83,006 | €46,476 | -€36,530 | -44.0% |
| Suppliers | 440/4 | €83,006 | €46,476 | -€36,530 | -44.0% |
| Advances received on contracts in progress | 46 | €69,835 | €61,611 | -€8,224 | -11.8% |
| Taxes, remuneration and social security | 45 | €50,111 | €163,441 | +€113,330 | +226% |
| Taxes | 450/3 | €50,111 | €163,295 | +€113,184 | +226% |
| Remuneration and social security | 454/9 | €0 | €146 | +€146 | |
| Other amounts payable | 47/48 | €42,337 | €41,337 | -€1,000 | -2.4% |
| Accrued charges and deferred income | 492/3 | €51,936 | €39,724 | -€12,212 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,435 | €46,332 | -€2,102 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,617 | €0 | -€5,617 | -100% |
| Other operating charges | 640/8 | €108,843 | €15,380 | -€93,463 | -85.9% |
| Gross operating margin | 9900 | €242,907 | €126,634 | -€116,272 | -47.9% |
| Operating profit (loss) | 9901 | €80,012 | €64,922 | -€15,090 | -18.9% |
| Financial income | 75/76B | €2,816 | €5,782 | +€2,966 | +105% |
| Recurring financial income | 75 | €2,816 | €5,782 | +€2,966 | +105% |
| Financial charges | 65/66B | €66,924 | €52,590 | -€14,334 | -21.4% |
| Recurring financial charges | 65 | €66,924 | €52,590 | -€14,334 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €15,903 | €18,114 | +€2,211 | +13.9% |
| Income taxes | 67/77 | €9,802 | €4,693 | -€5,109 | -52.1% |
| Profit (loss) for the period | 9904 | €6,101 | €13,421 | +€7,320 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €6,101 | €13,421 | +€7,320 | +120% |
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 18 October 2026 via checked.be.