DECOVAR: 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.
DECOVAR
Largest movements
- Stocks and contracts -€270,748
down €270,748 (-100.0%), from €270,748 to €0
- Cash +€93,806
up €93,806 (+402.7%), from €23,293 to €117,099
mainly Stocks and contracts (+€270,748) and Net result for the year (+€120,905)
- Tangible fixed assets -€20,915
down €20,915 (-7.1%), from €295,131 to €274,215
of which Land and buildings: -€19,570
- Receivables within one year +€10,965
up €10,965 (+5.1%), from €213,881 to €224,845
of which Other amounts receivable: +€16,086
- Trade debts -€173,175
down €173,175 (-52.5%), from €329,966 to €156,791
- Reserves +€120,905
up €120,905 (+49.7%), from €243,345 to €364,250
of which Distributable reserves: +€120,905
- Other debts -€120,758
down €120,758 (-99.4%), from €121,516 to €758
- Debts after one year -€12,500
down €12,500 (-28.6%), from €43,749 to €31,249
- Gross operating margin -€277,297
down €277,297 (-49.6%), from €559,158 to €281,861
- Financial charges -€45,096
down €45,096 (-93.3%), from €48,359 to €3,262
- Staff costs -€25,191
down €25,191 (-25.9%), from €97,292 to €72,100
- Taxes -€17,861
down €17,861 (-23.4%), from €76,226 to €58,365
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 | €823,923 | €641,640 | -€182,283 | -22.1% |
| Fixed assets | 21/28 | €295,131 | €274,215 | -€20,915 | -7.1% |
| Tangible fixed assets | 22/27 | €295,131 | €274,215 | -€20,915 | -7.1% |
| Land and buildings | 22 | €276,941 | €257,371 | -€19,570 | -7.1% |
| Plant, machinery and equipment | 23 | €13,987 | €15,411 | +€1,423 | +10.2% |
| Furniture and vehicles | 24 | €4,202 | €1,434 | -€2,769 | -65.9% |
| Current assets | 29/58 | €528,792 | €367,424 | -€161,368 | -30.5% |
| Stocks and contracts in progress | 3 | €270,748 | €0 | -€270,748 | -100.0% |
| Stocks | 30/36 | €270,748 | €0 | -€270,748 | -100.0% |
| Amounts receivable within one year | 40/41 | €213,881 | €224,845 | +€10,965 | +5.1% |
| Trade receivables | 40 | €208,332 | €203,211 | -€5,121 | -2.5% |
| Other amounts receivable | 41 | €5,549 | €21,635 | +€16,086 | +289.9% |
| Cash at bank and in hand | 54/58 | €23,293 | €117,099 | +€93,806 | +402.7% |
| Deferred charges and accrued income | 490/1 | €20,870 | €25,479 | +€4,609 | +22.1% |
| Total equity and liabilities | 10/49 | €823,923 | €641,640 | -€182,283 | -22.1% |
| Equity | 10/15 | €292,924 | €413,829 | +€120,905 | +41.3% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €243,345 | €364,250 | +€120,905 | +49.7% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,104 | €15,104 | = | 0.0% |
| Distributable reserves | 133 | €223,241 | €344,146 | +€120,905 | +54.2% |
| Amounts payable | 17/49 | €530,999 | €227,811 | -€303,188 | -57.1% |
| Amounts payable after more than one year | 17 | €43,749 | €31,249 | -€12,500 | -28.6% |
| Financial debts | 170/4 | €43,749 | €31,249 | -€12,500 | -28.6% |
| Amounts payable within one year | 42/48 | €485,824 | €196,229 | -€289,595 | -59.6% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €329,966 | €156,791 | -€173,175 | -52.5% |
| Suppliers | 440/4 | €329,966 | €156,791 | -€173,175 | -52.5% |
| Taxes, remuneration and social security | 45 | €21,842 | €26,180 | +€4,338 | +19.9% |
| Taxes | 450/3 | €16,209 | €22,744 | +€6,535 | +40.3% |
| Remuneration and social security | 454/9 | €5,634 | €3,437 | -€2,197 | -39.0% |
| Other amounts payable | 47/48 | €121,516 | €758 | -€120,758 | -99.4% |
| Accrued charges and deferred income | 492/3 | €1,426 | €333 | -€1,093 | -76.7% |
| Remuneration, social security and pensions | 62 | €97,292 | €72,100 | -€25,191 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,910 | €6,697 | -€4,212 | -38.6% |
| Other operating charges | 640/8 | €2,615 | €4,022 | +€1,407 | +53.8% |
| Non-recurring operating charges | 66A | - | €16,509 | +€16,509 | |
| Gross operating margin | 9900 | €559,158 | €281,861 | -€277,297 | -49.6% |
| Operating profit (loss) | 9901 | €448,341 | €182,533 | -€265,808 | -59.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €48,359 | €3,262 | -€45,096 | -93.3% |
| Recurring financial charges | 65 | €48,359 | €3,262 | -€45,096 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €399,983 | €179,270 | -€220,713 | -55.2% |
| Income taxes | 67/77 | €76,226 | €58,365 | -€17,861 | -23.4% |
| Profit (loss) for the period | 9904 | €323,757 | €120,905 | -€202,852 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €323,757 | €120,905 | -€202,852 | -62.7% |
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 12 October 2026 via checked.be.