DECOPON: 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.
DECOPON
Largest movements
- Tangible fixed assets -€233,356
down €233,356 (-7.8%), from €3.0m to €2.8m
of which Land and buildings: -€190,420
- Receivables within one year +€116,110
up €116,110 (+21.4%), from €541,978 to €658,088
of which Trade receivables: +€197,980
- Cash +€61,250
up €61,250 (+114%), from €53,713 to €114,963
mainly Net result for the year (+€385,784) and Depreciation (+€213,145)
- Debts after one year -€255,000
down €255,000 (-17.8%), from €1.4m to €1.2m
- Tax, wage and social debts +€138,190
up €138,190 (+988%), from €13,994 to €152,183
of which Taxes: +€138,266
- Reserves +€85,750
up €85,750 (+3.2%), from €2.7m to €2.7m
of which Distributable reserves: +€85,750
- Gross operating margin +€316,101
up €316,101 (+52.9%), from €598,095 to €914,196
- Taxes +€116,532
up €116,532 (+162%), from €71,747 to €188,279
- Financial charges -€17,485
down €17,485 (-27.0%), from €64,669 to €47,184
- Depreciation -€16,794
down €16,794 (-7.3%), from €229,940 to €213,145
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 | €5,234,360 | €5,183,913 | -€50,446 | -1.0% |
| Fixed assets | 21/28 | €4,621,261 | €4,387,905 | -€233,356 | -5.0% |
| Tangible fixed assets | 22/27 | €3,003,676 | €2,770,320 | -€233,356 | -7.8% |
| Land and buildings | 22 | €2,879,558 | €2,689,137 | -€190,420 | -6.6% |
| Furniture and vehicles | 24 | €46,185 | €6,626 | -€39,559 | -85.7% |
| Other tangible fixed assets | 26 | €77,933 | €74,557 | -€3,376 | -4.3% |
| Financial fixed assets | 28 | €1,617,585 | €1,617,585 | = | 0.0% |
| Current assets | 29/58 | €613,099 | €796,008 | +€182,909 | +29.8% |
| Amounts receivable within one year | 40/41 | €541,978 | €658,088 | +€116,110 | +21.4% |
| Trade receivables | 40 | €87,020 | €285,000 | +€197,980 | +228% |
| Other amounts receivable | 41 | €454,958 | €373,088 | -€81,870 | -18.0% |
| Cash at bank and in hand | 54/58 | €53,713 | €114,963 | +€61,250 | +114% |
| Deferred charges and accrued income | 490/1 | €17,407 | €22,957 | +€5,549 | +31.9% |
| Total equity and liabilities | 10/49 | €5,234,360 | €5,183,913 | -€50,446 | -1.0% |
| Equity | 10/15 | €3,387,554 | €3,473,337 | +€85,784 | +2.5% |
| Contributions | 10/11 | €725,000 | €725,000 | = | 0.0% |
| Reserves | 13 | €2,661,232 | €2,746,982 | +€85,750 | +3.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,661,232 | €2,746,982 | +€85,750 | +3.2% |
| Profit (loss) carried forward | 14 | €1,322 | €1,356 | +€34 | +2.5% |
| Amounts payable | 17/49 | €1,846,806 | €1,710,576 | -€136,230 | -7.4% |
| Amounts payable after more than one year | 17 | €1,432,500 | €1,177,500 | -€255,000 | -17.8% |
| Financial debts | 170/4 | €1,432,500 | €1,177,500 | -€255,000 | -17.8% |
| Amounts payable within one year | 42/48 | €401,849 | €525,480 | +€123,631 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €263,998 | €255,000 | -€8,998 | -3.4% |
| Financial debts | 43 | - | €16,897 | +€16,897 | |
| Other loans | 439 | - | €16,897 | +€16,897 | |
| Trade debts | 44 | €123,857 | €101,399 | -€22,457 | -18.1% |
| Suppliers | 440/4 | €123,857 | €101,399 | -€22,457 | -18.1% |
| Taxes, remuneration and social security | 45 | €13,994 | €152,183 | +€138,190 | +988% |
| Taxes | 450/3 | €10,705 | €148,971 | +€138,266 | +1,292% |
| Remuneration and social security | 454/9 | €3,289 | €3,212 | -€77 | -2.3% |
| Accrued charges and deferred income | 492/3 | €12,457 | €7,596 | -€4,861 | -39.0% |
| Remuneration, social security and pensions | 62 | €65,641 | €67,918 | +€2,277 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,940 | €213,145 | -€16,794 | -7.3% |
| Other operating charges | 640/8 | €31,396 | €32,392 | +€996 | +3.2% |
| Gross operating margin | 9900 | €598,095 | €914,196 | +€316,101 | +52.9% |
| Operating profit (loss) | 9901 | €271,118 | €600,741 | +€329,623 | +122% |
| Financial income | 75/76B | €14,150 | €20,506 | +€6,356 | +44.9% |
| Recurring financial income | 75 | €14,150 | €20,506 | +€6,356 | +44.9% |
| Financial charges | 65/66B | €64,669 | €47,184 | -€17,485 | -27.0% |
| Recurring financial charges | 65 | €64,669 | €47,184 | -€17,485 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €220,600 | €574,063 | +€353,463 | +160% |
| Income taxes | 67/77 | €71,747 | €188,279 | +€116,532 | +162% |
| Profit (loss) for the period | 9904 | €148,853 | €385,784 | +€236,931 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €148,853 | €385,784 | +€236,931 | +159% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.