DECOVAN BENELUX: what changed
What changed
DECOVAN BENELUX
NACE 46.620, Wholesale of machine tools
filed annual accounts (NBB)
Net result for the year
€33,681
2024 · €182,285-€148,604
Equity
€1.2m
2024 · €1.2m+€33,681
Cash
€90,477
2024 · €48,767+€41,710
Balance sheet total
€6.5m
2024 · €4.6m+€1.9m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+87.2%), from €1.7m to €3.3m
of which Land and buildings: +€1.4m
- Stocks and contracts +€322,613
up €322,613 (+27.1%), from €1.2m to €1.5m
Equity and liabilities
- Debts after one year +€924,761
up €924,761 (+49.3%), from €1.9m to €2.8m
- Trade debts +€658,848
up €658,848 (+104%), from €632,944 to €1.3m
- Current portion of long-term debt +€197,618
up €197,618 (+182%), from €108,317 to €305,935
- Short-term financial debts +€90,574
up €90,574 (+20.1%), from €450,000 to €540,574
Income statement
- Staff costs +€179,567
up €179,567 (+25.3%), from €709,174 to €888,741
- Depreciation +€127,078
up €127,078 (+100%), from €126,778 to €253,856
- Write-downs -€57,339
down €57,339 (-78.1%), from €73,374 to €16,035
- Taxes -€56,927
down €56,927 (-94.1%), from €60,475 to €3,548
- Gross operating margin +€32,055
up €32,055 (+2.6%), from €1.2m to €1.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€182,285
Gross operating margin
+€32,055
Staff costs
-€179,567
Depreciation
-€127,078
Write-downs
+€57,339
Other operating charges
+€529
Other operating items
+€10,513
Financial income
+€3,679
Financial charges
-€3,001
Taxes
+€56,927
Result 2025
€33,681
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€597,228
Investment
-€1.8m
Financing
+€1.2m
Cash 2024
€48,767
From operations (derived)
+€597,228
Net result for the year
+€33,681
Depreciation
+€253,856
Smaller working-capital items
-€2,103
Stocks and contracts
-€322,613
Receivables within one year
-€10,864
Deferred charges and accrued income
+€7,625
Trade debts
+€658,848
Tax, wage and social debts
+€29,905
Other debts
-€28,213
Accrued charges and deferred income
-€22,894
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.2m
Debts after one year
+€924,761
Current portion of long-term debt
+€197,618
Short-term financial debts
+€90,574
Cash 2025
€90,477
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,611,377 | €6,494,467 | +€1.9m | +40.8% |
| Fixed assets | 21/28 | €1,788,534 | €3,303,148 | +€1.5m | +84.7% |
| Intangible fixed assets | 21 | €25,594 | €17,368 | -€8,226 | -32.1% |
| Tangible fixed assets | 22/27 | €1,745,929 | €3,268,769 | +€1.5m | +87.2% |
| Land and buildings | 22 | €1,389,569 | €2,777,089 | +€1.4m | +99.9% |
| Plant, machinery and equipment | 23 | €226,582 | €374,655 | +€148,073 | +65.4% |
| Furniture and vehicles | 24 | €129,554 | €117,025 | -€12,529 | -9.7% |
| Other tangible fixed assets | 26 | €224 | - | -€224 | |
| Financial fixed assets | 28 | €17,011 | €17,011 | = | 0.0% |
| Current assets | 29/58 | €2,822,842 | €3,191,319 | +€368,477 | +13.1% |
| Amounts receivable after more than one year | 29 | - | €915 | +€915 | |
| Other amounts receivable | 291 | - | €915 | +€915 | |
| Stocks and contracts in progress | 3 | €1,189,165 | €1,511,778 | +€322,613 | +27.1% |
| Stocks | 30/36 | €1,189,165 | €1,511,778 | +€322,613 | +27.1% |
| Amounts receivable within one year | 40/41 | €1,525,258 | €1,536,121 | +€10,864 | +0.7% |
| Trade receivables | 40 | €1,129,056 | €1,296,021 | +€166,965 | +14.8% |
| Other amounts receivable | 41 | €396,202 | €240,100 | -€156,102 | -39.4% |
| Cash at bank and in hand | 54/58 | €48,767 | €90,477 | +€41,710 | +85.5% |
| Deferred charges and accrued income | 490/1 | €59,653 | €52,028 | -€7,625 | -12.8% |
| Total equity and liabilities | 10/49 | €4,611,377 | €6,494,467 | +€1.9m | +40.8% |
| Equity | 10/15 | €1,196,558 | €1,230,239 | +€33,681 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,177,958 | €1,211,639 | +€33,681 | +2.9% |
| Tax-exempt reserves | 132 | €235 | €235 | = | 0.0% |
| Distributable reserves | 133 | €1,177,723 | €1,211,404 | +€33,681 | +2.9% |
| Amounts payable | 17/49 | €3,414,819 | €5,264,228 | +€1.8m | +54.2% |
| Amounts payable after more than one year | 17 | €1,874,261 | €2,799,022 | +€924,761 | +49.3% |
| Financial debts | 170/4 | €1,874,261 | €2,799,022 | +€924,761 | +49.3% |
| Amounts payable within one year | 42/48 | €1,503,439 | €2,450,982 | +€947,543 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | €108,317 | €305,935 | +€197,618 | +182% |
| Financial debts | 43 | €450,000 | €540,574 | +€90,574 | +20.1% |
| Credit institutions | 430/8 | €450,000 | €540,574 | +€90,574 | +20.1% |
| Trade debts | 44 | €632,944 | €1,291,792 | +€658,848 | +104% |
| Suppliers | 440/4 | €632,944 | €1,291,792 | +€658,848 | +104% |
| Advances received on contracts in progress | 46 | €1,188 | - | -€1,188 | |
| Taxes, remuneration and social security | 45 | €47,776 | €77,681 | +€29,905 | +62.6% |
| Taxes | 450/3 | - | €3,548 | +€3,548 | |
| Remuneration and social security | 454/9 | €47,776 | €74,133 | +€26,356 | +55.2% |
| Other amounts payable | 47/48 | €263,213 | €235,000 | -€28,213 | -10.7% |
| Accrued charges and deferred income | 492/3 | €37,118 | €14,224 | -€22,894 | -61.7% |
| Non-recurring operating income | 76A | €27,068 | €413 | -€26,655 | -98.5% |
| Remuneration, social security and pensions | 62 | €709,174 | €888,741 | +€179,567 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,778 | €253,856 | +€127,078 | +100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €73,374 | €16,035 | -€57,339 | -78.1% |
| Other operating charges | 640/8 | €18,425 | €17,896 | -€529 | -2.9% |
| Non-recurring operating charges | 66A | €10,513 | - | -€10,513 | |
| Gross operating margin | 9900 | €1,226,840 | €1,258,895 | +€32,055 | +2.6% |
| Operating profit (loss) | 9901 | €288,576 | €82,367 | -€206,209 | -71.5% |
| Financial income | 75/76B | €11,474 | €15,152 | +€3,679 | +32.1% |
| Recurring financial income | 75 | €11,474 | €15,152 | +€3,679 | +32.1% |
| Financial charges | 65/66B | €57,289 | €60,290 | +€3,001 | +5.2% |
| Recurring financial charges | 65 | €56,216 | €60,290 | +€4,074 | +7.2% |
| Non-recurring financial charges | 66B | €1,073 | - | -€1,073 | |
| Profit (loss) for the period before taxes | 9903 | €242,761 | €37,229 | -€205,531 | -84.7% |
| Income taxes | 67/77 | €60,475 | €3,548 | -€56,927 | -94.1% |
| Profit (loss) for the period | 9904 | €182,285 | €33,681 | -€148,604 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €182,285 | €33,681 | -€148,604 | -81.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.