DECORTE-VANMAELE: 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.
DECORTE-VANMAELE
Largest movements
- Current investments -€14,813
down €14,813 (-14.7%), from €100,764 to €85,951
- Tangible fixed assets -€9,222
down €9,222 (-36.4%), from €25,352 to €16,130
of which Furniture and vehicles: -€5,396
- Deferred charges and accrued income -€8,954
down €8,954 (-65.2%), from €13,726 to €4,772
- Cash +€7,308
up €7,308 (+8.8%), from €82,624 to €89,932
mainly Current investments (+€14,813) and Depreciation (+€10,252)
- Profit (loss) carried forward -€21,508
new in 2025: -€21,508
- Trade debts -€7,356
down €7,356 (-15.8%), from €46,485 to €39,128
- Accrued charges and deferred income +€3,430
up €3,430 (+246%), from €1,397 to €4,826
- Gross operating margin -€36,276
down €36,276 (-37.0%), from €98,038 to €61,762
- Taxes -€3,458
down €3,458, from €3,458 to -€0
- Other operating charges -€1,545
down €1,545 (-15.7%), from €9,809 to €8,264
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 | €263,329 | €237,916 | -€25,413 | -9.7% |
| Fixed assets | 21/28 | €25,352 | €16,130 | -€9,222 | -36.4% |
| Tangible fixed assets | 22/27 | €25,352 | €16,130 | -€9,222 | -36.4% |
| Land and buildings | 22 | €11,829 | €8,629 | -€3,200 | -27.1% |
| Plant, machinery and equipment | 23 | €2,265 | €1,637 | -€627 | -27.7% |
| Furniture and vehicles | 24 | €11,259 | €5,863 | -€5,396 | -47.9% |
| Current assets | 29/58 | €237,977 | €221,786 | -€16,191 | -6.8% |
| Stocks and contracts in progress | 3 | €24,302 | €24,470 | +€168 | +0.7% |
| Stocks | 30/36 | €24,302 | €24,470 | +€168 | +0.7% |
| Amounts receivable within one year | 40/41 | €16,562 | €16,662 | +€100 | +0.6% |
| Trade receivables | 40 | €3,596 | €1,199 | -€2,397 | -66.7% |
| Other amounts receivable | 41 | €12,966 | €15,463 | +€2,497 | +19.3% |
| Current investments | 50/53 | €100,764 | €85,951 | -€14,813 | -14.7% |
| Cash at bank and in hand | 54/58 | €82,624 | €89,932 | +€7,308 | +8.8% |
| Deferred charges and accrued income | 490/1 | €13,726 | €4,772 | -€8,954 | -65.2% |
| Total equity and liabilities | 10/49 | €263,329 | €237,916 | -€25,413 | -9.7% |
| Equity | 10/15 | €200,394 | €178,887 | -€21,508 | -10.7% |
| Contributions | 10/11 | €56,000 | €56,000 | = | 0.0% |
| Reserves | 13 | €144,394 | €144,394 | = | 0.0% |
| Distributable reserves | 133 | €144,394 | €144,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€21,508 | -€21,508 | |
| Amounts payable | 17/49 | €62,935 | €59,030 | -€3,906 | -6.2% |
| Amounts payable within one year | 42/48 | €61,539 | €54,203 | -€7,335 | -11.9% |
| Trade debts | 44 | €46,485 | €39,128 | -€7,356 | -15.8% |
| Suppliers | 440/4 | €46,485 | €39,128 | -€7,356 | -15.8% |
| Taxes, remuneration and social security | 45 | €14,199 | €15,075 | +€876 | +6.2% |
| Taxes | 450/3 | €3,341 | €1,358 | -€1,983 | -59.4% |
| Remuneration and social security | 454/9 | €10,858 | €13,718 | +€2,859 | +26.3% |
| Other amounts payable | 47/48 | €855 | - | -€855 | |
| Accrued charges and deferred income | 492/3 | €1,397 | €4,826 | +€3,430 | +246% |
| Remuneration, social security and pensions | 62 | €64,484 | €65,255 | +€771 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,115 | €10,252 | -€862 | -7.8% |
| Other operating charges | 640/8 | €9,809 | €8,264 | -€1,545 | -15.7% |
| Gross operating margin | 9900 | €98,038 | €61,762 | -€36,276 | -37.0% |
| Operating profit (loss) | 9901 | €12,630 | -€22,009 | -€34,640 | |
| Financial income | 75/76B | €586 | €630 | +€45 | +7.7% |
| Recurring financial income | 75 | €586 | €630 | +€45 | +7.7% |
| Financial charges | 65/66B | €210 | €129 | -€81 | -38.5% |
| Recurring financial charges | 65 | €210 | €129 | -€81 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €13,006 | -€21,508 | -€34,514 | |
| Income taxes | 67/77 | €3,458 | -€0 | -€3,458 | |
| Profit (loss) for the period | 9904 | €9,548 | -€21,508 | -€31,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,548 | -€21,508 | -€31,056 |
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.