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
- Cash -€128,133
down €128,133 (-36.1%), from €355,401 to €227,268
mainly Trade debts (-€95,189) and Current portion of long-term debt (-€42,275)
- Stocks and contracts -€50,565
down €50,565 (-11.8%), from €427,270 to €376,705
- Deferred charges and accrued income +€17,207
up €17,207 (+12.4%), from €138,842 to €156,050
- Trade debts -€95,189
down €95,189 (-56.7%), from €167,749 to €72,560
- Current portion of long-term debt -€42,275
down €42,275 (-57.2%), from €73,890 to €31,615
- Debts after one year -€31,440
down €31,440 (-51.5%), from €61,098 to €29,659
- Advances received -€31,069
no longer reported in 2025 (was €31,069)
- Accrued charges and deferred income +€22,804
up €22,804 (+246%), from €9,280 to €32,084
- Staff costs +€20,007
up €20,007 (+6.8%), from €295,720 to €315,727
- Gross operating margin +€15,148
up €15,148 (+4.6%), from €331,959 to €347,106
- Depreciation +€10,105
up €10,105 (+72.5%), from €13,945 to €24,050
- Financial charges +€6,133
up €6,133 (+18.5%), from €33,176 to €39,308
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 | €1,335,647 | €1,166,849 | -€168,798 | -12.6% |
| Fixed assets | 21/28 | €85,560 | €79,932 | -€5,628 | -6.6% |
| Tangible fixed assets | 22/27 | €85,210 | €79,582 | -€5,628 | -6.6% |
| Plant, machinery and equipment | 23 | €46,440 | €46,010 | -€430 | -0.9% |
| Furniture and vehicles | 24 | €38,770 | €33,573 | -€5,198 | -13.4% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €1,250,087 | €1,086,917 | -€163,170 | -13.1% |
| Stocks and contracts in progress | 3 | €427,270 | €376,705 | -€50,565 | -11.8% |
| Stocks | 30/36 | €427,270 | €376,705 | -€50,565 | -11.8% |
| Amounts receivable within one year | 40/41 | €328,573 | €326,894 | -€1,679 | -0.5% |
| Trade receivables | 40 | €315,136 | €281,141 | -€33,994 | -10.8% |
| Other amounts receivable | 41 | €13,437 | €45,753 | +€32,315 | +240% |
| Cash at bank and in hand | 54/58 | €355,401 | €227,268 | -€128,133 | -36.1% |
| Deferred charges and accrued income | 490/1 | €138,842 | €156,050 | +€17,207 | +12.4% |
| Total equity and liabilities | 10/49 | €1,335,647 | €1,166,849 | -€168,798 | -12.6% |
| Equity | 10/15 | €239,133 | €240,430 | +€1,297 | +0.5% |
| Contributions | 10/11 | €35,092 | €35,092 | = | 0.0% |
| Reserves | 13 | €204,041 | €205,338 | +€1,297 | +0.6% |
| Distributable reserves | 133 | €204,041 | €205,338 | +€1,297 | +0.6% |
| Amounts payable | 17/49 | €1,096,514 | €926,420 | -€170,094 | -15.5% |
| Amounts payable after more than one year | 17 | €61,098 | €29,659 | -€31,440 | -51.5% |
| Financial debts | 170/4 | €61,098 | €29,659 | -€31,440 | -51.5% |
| Amounts payable within one year | 42/48 | €1,026,136 | €864,677 | -€161,459 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €73,890 | €31,615 | -€42,275 | -57.2% |
| Financial debts | 43 | €569,613 | €567,956 | -€1,657 | -0.3% |
| Credit institutions | 430/8 | €569,613 | €567,956 | -€1,657 | -0.3% |
| Trade debts | 44 | €167,749 | €72,560 | -€95,189 | -56.7% |
| Suppliers | 440/4 | €167,749 | €72,560 | -€95,189 | -56.7% |
| Advances received on contracts in progress | 46 | €31,069 | - | -€31,069 | |
| Taxes, remuneration and social security | 45 | €63,377 | €68,404 | +€5,028 | +7.9% |
| Taxes | 450/3 | €10,654 | €14,179 | +€3,525 | +33.1% |
| Remuneration and social security | 454/9 | €52,723 | €54,225 | +€1,503 | +2.9% |
| Other amounts payable | 47/48 | €120,439 | €124,142 | +€3,703 | +3.1% |
| Accrued charges and deferred income | 492/3 | €9,280 | €32,084 | +€22,804 | +246% |
| Remuneration, social security and pensions | 62 | €295,720 | €315,727 | +€20,007 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,945 | €24,050 | +€10,105 | +72.5% |
| Other operating charges | 640/8 | €3,700 | €2,577 | -€1,123 | -30.3% |
| Non-recurring operating charges | 66A | - | €2,000 | +€2,000 | |
| Gross operating margin | 9900 | €331,959 | €347,106 | +€15,148 | +4.6% |
| Operating profit (loss) | 9901 | €18,594 | €2,753 | -€15,842 | -85.2% |
| Financial income | 75/76B | €83,932 | €83,881 | -€51 | -0.1% |
| Recurring financial income | 75 | €83,932 | €83,881 | -€51 | -0.1% |
| Financial charges | 65/66B | €33,176 | €39,308 | +€6,133 | +18.5% |
| Recurring financial charges | 65 | €33,176 | €39,308 | +€6,133 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €69,351 | €47,325 | -€22,025 | -31.8% |
| Income taxes | 67/77 | €5,287 | €8,529 | +€3,242 | +61.3% |
| Profit (loss) for the period | 9904 | €64,064 | €38,797 | -€25,267 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,064 | €38,797 | -€25,267 | -39.4% |
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 24 October 2026 via checked.be.