DECOTHERM: 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.
DECOTHERM
Largest movements
- Receivables within one year +€3.3m
up €3.3m (+1,865%), from €175,392 to €3.4m
of which Other amounts receivable: +€3.3m
- Cash -€58,824
down €58,824 (-69.3%), from €84,860 to €26,036
mainly Receivables within one year (-€3.3m) and Trade debts (-€84,312)
- Tax, wage and social debts +€3.3m
up €3.3m (+6,262%), from €52,605 to €3.3m
of which Taxes: +€3.3m
- Trade debts -€84,312
down €84,312 (-82.7%), from €102,007 to €17,696
- Gross operating margin +€163,305
up €163,305 (+177%), from €92,132 to €255,437
- Financial charges +€127,828
up €127,828 (+17,550%), from €728 to €128,556
- Depreciation +€9,826
up €9,826 (+223%), from €4,402 to €14,228
- Taxes +€8,347
up €8,347 (+43.1%), from €19,369 to €27,715
- Other operating charges +€3,006
up €3,006 (+527%), from €570 to €3,576
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 | €314,696 | €3,516,450 | +€3.2m | +1,017% |
| Fixed assets | 21/28 | €52,332 | €41,762 | -€10,569 | -20.2% |
| Tangible fixed assets | 22/27 | €52,179 | €41,610 | -€10,569 | -20.3% |
| Plant, machinery and equipment | 23 | €1,510 | €1,207 | -€303 | -20.1% |
| Furniture and vehicles | 24 | €50,670 | €40,403 | -€10,267 | -20.3% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €262,365 | €3,474,687 | +€3.2m | +1,224% |
| Amounts receivable within one year | 40/41 | €175,392 | €3,446,360 | +€3.3m | +1,865% |
| Trade receivables | 40 | €160,229 | €151,076 | -€9,153 | -5.7% |
| Other amounts receivable | 41 | €15,163 | €3,295,284 | +€3.3m | +21,632% |
| Current investments | 50/53 | €372 | €0 | -€372 | -100% |
| Cash at bank and in hand | 54/58 | €84,860 | €26,036 | -€58,824 | -69.3% |
| Deferred charges and accrued income | 490/1 | €1,741 | €2,291 | +€550 | +31.6% |
| Total equity and liabilities | 10/49 | €314,696 | €3,516,450 | +€3.2m | +1,017% |
| Equity | 10/15 | €10,000 | €10,000 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €304,696 | €3,506,450 | +€3.2m | +1,051% |
| Amounts payable after more than one year | 17 | €19,967 | €9,768 | -€10,198 | -51.1% |
| Financial debts | 170/4 | €19,967 | €9,768 | -€10,198 | -51.1% |
| Amounts payable within one year | 42/48 | €274,047 | €3,496,681 | +€3.2m | +1,176% |
| Current portion of amounts payable after more than one year | 42 | €9,741 | €10,198 | +€457 | +4.7% |
| Trade debts | 44 | €102,007 | €17,696 | -€84,312 | -82.7% |
| Suppliers | 440/4 | €102,007 | €17,696 | -€84,312 | -82.7% |
| Taxes, remuneration and social security | 45 | €52,605 | €3,346,815 | +€3.3m | +6,262% |
| Taxes | 450/3 | €39,489 | €3,331,278 | +€3.3m | +8,336% |
| Remuneration and social security | 454/9 | €13,116 | €15,537 | +€2,421 | +18.5% |
| Other amounts payable | 47/48 | €109,694 | €121,972 | +€12,279 | +11.2% |
| Accrued charges and deferred income | 492/3 | €10,682 | €0 | -€10,682 | -100% |
| Non-recurring operating income | 76A | - | €2,250 | +€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,402 | €14,228 | +€9,826 | +223% |
| Other operating charges | 640/8 | €570 | €3,576 | +€3,006 | +527% |
| Gross operating margin | 9900 | €92,132 | €255,437 | +€163,305 | +177% |
| Operating profit (loss) | 9901 | €87,160 | €237,633 | +€150,473 | +173% |
| Financial income | 75/76B | €6 | €292 | +€286 | +4,869% |
| Recurring financial income | 75 | €6 | €292 | +€286 | +4,869% |
| Financial charges | 65/66B | €728 | €128,556 | +€127,828 | +17,550% |
| Recurring financial charges | 65 | €728 | €128,556 | +€127,828 | +17,550% |
| Profit (loss) for the period before taxes | 9903 | €86,437 | €109,369 | +€22,931 | +26.5% |
| Income taxes | 67/77 | €19,369 | €27,715 | +€8,347 | +43.1% |
| Profit (loss) for the period | 9904 | €67,069 | €81,653 | +€14,585 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,069 | €81,653 | +€14,585 | +21.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.