DECOVAN: 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.
DECOVAN
Largest movements
- Tangible fixed assets +€287,448
up €287,448 (+18.8%), from €1.5m to €1.8m
of which Furniture and vehicles: +€356,313
- Cash +€233,603
up €233,603 (+62.6%), from €373,035 to €606,638
mainly Depreciation (+€466,000) and Debts after one year (+€347,492)
- Receivables within one year +€61,523
up €61,523 (+16.7%), from €368,630 to €430,153
of which Trade receivables: +€59,617
- Debts after one year +€347,492
up €347,492 (+94.8%), from €366,474 to €713,967
- Other debts -€94,986
down €94,986 (-53.1%), from €178,760 to €83,773
- Profit (loss) carried forward +€82,509
up €82,509 (+47.7%), from €173,009 to €255,518
- Trade debts +€82,138
up €82,138 (+34.5%), from €238,237 to €320,374
- Current portion of long-term debt +€79,009
up €79,009 (+29.6%), from €266,777 to €345,786
- Gross operating margin +€264,227
up €264,227 (+14.8%), from €1.8m to €2.0m
- Staff costs +€103,204
up €103,204 (+8.5%), from €1.2m to €1.3m
- Depreciation +€70,259
up €70,259 (+17.8%), from €395,741 to €466,000
- Other operating charges +€26,370
up €26,370 (+45.0%), from €58,639 to €85,009
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 | €2,342,143 | €2,922,994 | +€580,851 | +24.8% |
| Fixed assets | 21/28 | €1,525,600 | €1,813,047 | +€287,448 | +18.8% |
| Tangible fixed assets | 22/27 | €1,525,105 | €1,812,552 | +€287,448 | +18.8% |
| Land and buildings | 22 | €484,665 | €436,692 | -€47,973 | -9.9% |
| Plant, machinery and equipment | 23 | €69,431 | €48,539 | -€20,892 | -30.1% |
| Furniture and vehicles | 24 | €971,008 | €1,327,321 | +€356,313 | +36.7% |
| Financial fixed assets | 28 | €495 | €495 | = | 0.0% |
| Current assets | 29/58 | €816,543 | €1,109,947 | +€293,403 | +35.9% |
| Stocks and contracts in progress | 3 | €27,000 | €27,000 | = | 0.0% |
| Stocks | 30/36 | €27,000 | €27,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €368,630 | €430,153 | +€61,523 | +16.7% |
| Trade receivables | 40 | €301,572 | €361,189 | +€59,617 | +19.8% |
| Other amounts receivable | 41 | €67,058 | €68,964 | +€1,906 | +2.8% |
| Cash at bank and in hand | 54/58 | €373,035 | €606,638 | +€233,603 | +62.6% |
| Deferred charges and accrued income | 490/1 | €47,878 | €46,156 | -€1,723 | -3.6% |
| Total equity and liabilities | 10/49 | €2,342,143 | €2,922,994 | +€580,851 | +24.8% |
| Equity | 10/15 | €1,169,601 | €1,296,251 | +€126,650 | +10.8% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €965,592 | €1,009,733 | +€44,141 | +4.6% |
| Tax-exempt reserves | 132 | €884,992 | €929,133 | +€44,141 | +5.0% |
| Distributable reserves | 133 | €80,600 | €80,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,009 | €255,518 | +€82,509 | +47.7% |
| Amounts payable | 17/49 | €1,172,542 | €1,626,743 | +€454,200 | +38.7% |
| Amounts payable after more than one year | 17 | €366,474 | €713,967 | +€347,492 | +94.8% |
| Financial debts | 170/4 | €366,474 | €713,967 | +€347,492 | +94.8% |
| Amounts payable within one year | 42/48 | €796,939 | €905,586 | +€108,647 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €266,777 | €345,786 | +€79,009 | +29.6% |
| Trade debts | 44 | €238,237 | €320,374 | +€82,138 | +34.5% |
| Suppliers | 440/4 | €238,237 | €320,374 | +€82,138 | +34.5% |
| Taxes, remuneration and social security | 45 | €113,166 | €155,652 | +€42,487 | +37.5% |
| Taxes | 450/3 | €6,702 | €31,651 | +€24,950 | +372.3% |
| Remuneration and social security | 454/9 | €106,464 | €124,001 | +€17,537 | +16.5% |
| Other amounts payable | 47/48 | €178,760 | €83,773 | -€94,986 | -53.1% |
| Accrued charges and deferred income | 492/3 | €9,129 | €7,190 | -€1,939 | -21.2% |
| Non-recurring operating income | 76A | €55,000 | €53,937 | -€1,064 | -1.9% |
| Remuneration, social security and pensions | 62 | €1,215,271 | €1,318,475 | +€103,204 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395,741 | €466,000 | +€70,259 | +17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,356 | +€13,356 | |
| Other operating charges | 640/8 | €58,639 | €85,009 | +€26,370 | +45.0% |
| Non-recurring operating charges | 66A | €20,100 | €0 | -€20,100 | -100.0% |
| Gross operating margin | 9900 | €1,779,819 | €2,044,045 | +€264,227 | +14.8% |
| Operating profit (loss) | 9901 | €90,067 | €161,205 | +€71,138 | +79.0% |
| Financial income | 75/76B | €2 | €7 | +€5 | +300.6% |
| Recurring financial income | 75 | €2 | €7 | +€5 | +300.6% |
| Financial charges | 65/66B | €26,586 | €34,560 | +€7,974 | +30.0% |
| Recurring financial charges | 65 | €26,586 | €34,560 | +€7,974 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €63,483 | €126,652 | +€63,169 | +99.5% |
| Income taxes | 67/77 | €0 | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €63,483 | €126,650 | +€63,167 | +99.5% |
| Transfer from tax-exempt reserves | 789 | €7,755 | €9,306 | +€1,551 | +20.0% |
| Transfer to tax-exempt reserves | 689 | €0 | €53,447 | +€53,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,238 | €82,509 | +€11,271 | +15.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.