DECOSTRUCT: what changed
Two fiscal 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.
DECOSTRUCT
Largest movements
- Cash +€56,225
up €56,225 (+129.2%), from €43,523 to €99,748
mainly Trade debts (+€170,901) and Net result for the year (+€43,863)
- Receivables within one year -€20,223
down €20,223 (-2.6%), from €772,945 to €752,722
of which Trade receivables: -€12,793
- Tangible fixed assets -€12,043
down €12,043 (-12.6%), from €95,472 to €83,430
of which Furniture and vehicles: -€7,957
- Trade debts +€170,901
up €170,901 (+43.1%), from €396,473 to €567,375
- Short-term financial debts -€90,000
down €90,000 (-45.0%), from €200,000 to €110,000
- Other debts -€38,727
down €38,727 (-45.5%), from €85,080 to €46,353
- Debts after one year -€23,115
down €23,115 (-44.8%), from €51,604 to €28,489
- Staff costs +€70,606
up €70,606 (+33.0%), from €214,008 to €284,614
- Gross operating margin +€43,034
up €43,034 (+12.7%), from €337,550 to €380,583
- Taxes +€6,510
up €6,510 (+268.8%), from €2,422 to €8,932
- Depreciation +€5,720
up €5,720 (+47.5%), from €12,040 to €17,760
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.
Cash bridge derived
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 | €951,714 | €976,338 | +€24,625 | +2.6% |
| Fixed assets | 21/28 | €103,427 | €91,385 | -€12,043 | -11.6% |
| Tangible fixed assets | 22/27 | €95,472 | €83,430 | -€12,043 | -12.6% |
| Plant, machinery and equipment | 23 | €45,001 | €40,914 | -€4,086 | -9.1% |
| Furniture and vehicles | 24 | €50,472 | €42,515 | -€7,957 | -15.8% |
| Financial fixed assets | 28 | €7,955 | €7,955 | = | 0.0% |
| Current assets | 29/58 | €848,286 | €884,954 | +€36,668 | +4.3% |
| Stocks and contracts in progress | 3 | €25,361 | €25,496 | +€135 | +0.5% |
| Stocks | 30/36 | €25,361 | €25,496 | +€135 | +0.5% |
| Amounts receivable within one year | 40/41 | €772,945 | €752,722 | -€20,223 | -2.6% |
| Trade receivables | 40 | €743,754 | €730,961 | -€12,793 | -1.7% |
| Other amounts receivable | 41 | €29,191 | €21,760 | -€7,431 | -25.5% |
| Cash at bank and in hand | 54/58 | €43,523 | €99,748 | +€56,225 | +129.2% |
| Deferred charges and accrued income | 490/1 | €6,457 | €6,988 | +€530 | +8.2% |
| Total equity and liabilities | 10/49 | €951,714 | €976,338 | +€24,625 | +2.6% |
| Equity | 10/15 | €182,785 | €183,647 | +€863 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,860 | €91,860 | = | 0.0% |
| Distributable reserves | 133 | €91,860 | €91,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,725 | €85,587 | +€863 | +1.0% |
| Amounts payable | 17/49 | €768,929 | €792,691 | +€23,762 | +3.1% |
| Amounts payable after more than one year | 17 | €51,604 | €28,489 | -€23,115 | -44.8% |
| Financial debts | 170/4 | €51,604 | €28,489 | -€23,115 | -44.8% |
| Amounts payable within one year | 42/48 | €713,074 | €760,958 | +€47,883 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €22,129 | €23,115 | +€986 | +4.5% |
| Financial debts | 43 | €200,000 | €110,000 | -€90,000 | -45.0% |
| Credit institutions | 430/8 | €200,000 | €110,000 | -€90,000 | -45.0% |
| Trade debts | 44 | €396,473 | €567,375 | +€170,901 | +43.1% |
| Suppliers | 440/4 | €396,473 | €567,375 | +€170,901 | +43.1% |
| Taxes, remuneration and social security | 45 | €9,391 | €14,114 | +€4,723 | +50.3% |
| Taxes | 450/3 | €2,422 | €4,495 | +€2,073 | +85.6% |
| Remuneration and social security | 454/9 | €6,970 | €9,620 | +€2,650 | +38.0% |
| Other amounts payable | 47/48 | €85,080 | €46,353 | -€38,727 | -45.5% |
| Accrued charges and deferred income | 492/3 | €4,251 | €3,245 | -€1,006 | -23.7% |
| Remuneration, social security and pensions | 62 | €214,008 | €284,614 | +€70,606 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,040 | €17,760 | +€5,720 | +47.5% |
| Other operating charges | 640/8 | €13,681 | €14,633 | +€952 | +7.0% |
| Gross operating margin | 9900 | €337,550 | €380,583 | +€43,034 | +12.7% |
| Operating profit (loss) | 9901 | €97,820 | €63,575 | -€34,245 | -35.0% |
| Financial income | 75/76B | €3,389 | €5,768 | +€2,379 | +70.2% |
| Recurring financial income | 75 | €3,389 | €5,768 | +€2,379 | +70.2% |
| Financial charges | 65/66B | €16,376 | €16,549 | +€173 | +1.1% |
| Recurring financial charges | 65 | €16,376 | €16,549 | +€173 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €84,834 | €52,794 | -€32,039 | -37.8% |
| Income taxes | 67/77 | €2,422 | €8,932 | +€6,510 | +268.8% |
| Profit (loss) for the period | 9904 | €82,412 | €43,863 | -€38,549 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,412 | €43,863 | -€38,549 | -46.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.