Decovast: 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.
Decovast
Largest movements
- Cash +€26,528
up €26,528 (+163.0%), from €16,276 to €42,804
mainly Receivables within one year (+€17,481) and Depreciation (+€15,898)
- Receivables within one year -€17,481
down €17,481 (-66.6%), from €26,267 to €8,786
of which Trade receivables: -€17,712
- Tangible fixed assets +€7,157
up €7,157 (+2.6%), from €277,159 to €284,316
of which Furniture and vehicles: +€18,798
- Deferred charges and accrued income +€3,744
up €3,744 (+16.9%), from €22,180 to €25,923
- Other debts +€13,446
up €13,446 (+61.3%), from €21,950 to €35,397
- Profit (loss) carried forward +€7,609
up €7,609 (+6.0%), from -€126,708 to -€119,098
- Current portion of long-term debt +€4,568
up €4,568 (+26.0%), from €17,581 to €22,149
- Debts after one year -€4,156
down €4,156 (-3.3%), from €124,189 to €120,033
- Gross operating margin +€10,723
up €10,723 (+14.4%), from €74,408 to €85,131
- Depreciation +€2,464
up €2,464 (+18.3%), from €13,434 to €15,898
- Staff costs +€1,607
up €1,607 (+3.0%), from €52,982 to €54,588
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 | €349,272 | €370,500 | +€21,229 | +6.1% |
| Fixed assets | 21/28 | €277,164 | €284,326 | +€7,162 | +2.6% |
| Tangible fixed assets | 22/27 | €277,159 | €284,316 | +€7,157 | +2.6% |
| Land and buildings | 22 | €274,356 | €263,715 | -€10,641 | -3.9% |
| Plant, machinery and equipment | 23 | €2,803 | €1,804 | -€999 | -35.7% |
| Furniture and vehicles | 24 | - | €18,798 | +€18,798 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €5 | €10 | +€5 | +100.0% |
| Current assets | 29/58 | €72,108 | €86,174 | +€14,066 | +19.5% |
| Stocks and contracts in progress | 3 | €7,385 | €8,660 | +€1,275 | +17.3% |
| Stocks | 30/36 | €7,385 | €8,660 | +€1,275 | +17.3% |
| Amounts receivable within one year | 40/41 | €26,267 | €8,786 | -€17,481 | -66.6% |
| Trade receivables | 40 | €26,267 | €8,555 | -€17,712 | -67.4% |
| Other amounts receivable | 41 | €0 | €231 | +€231 | |
| Cash at bank and in hand | 54/58 | €16,276 | €42,804 | +€26,528 | +163.0% |
| Deferred charges and accrued income | 490/1 | €22,180 | €25,923 | +€3,744 | +16.9% |
| Total equity and liabilities | 10/49 | €349,272 | €370,500 | +€21,229 | +6.1% |
| Equity | 10/15 | €182,593 | €190,202 | +€7,609 | +4.2% |
| Contributions | 10/11 | €307,441 | €307,441 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,708 | -€119,098 | +€7,609 | +6.0% |
| Amounts payable | 17/49 | €166,679 | €180,298 | +€13,619 | +8.2% |
| Amounts payable after more than one year | 17 | €124,189 | €120,033 | -€4,156 | -3.3% |
| Financial debts | 170/4 | €124,189 | €120,033 | -€4,156 | -3.3% |
| Amounts payable within one year | 42/48 | €42,490 | €60,110 | +€17,621 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €17,581 | €22,149 | +€4,568 | +26.0% |
| Trade debts | 44 | €70 | €63 | -€7 | -10.1% |
| Suppliers | 440/4 | €70 | €63 | -€7 | -10.1% |
| Taxes, remuneration and social security | 45 | €2,889 | €2,502 | -€387 | -13.4% |
| Taxes | 450/3 | €1,653 | €106 | -€1,548 | -93.6% |
| Remuneration and social security | 454/9 | €1,236 | €2,396 | +€1,161 | +93.9% |
| Other amounts payable | 47/48 | €21,950 | €35,397 | +€13,446 | +61.3% |
| Accrued charges and deferred income | 492/3 | - | €154 | +€154 | |
| Remuneration, social security and pensions | 62 | €52,982 | €54,588 | +€1,607 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,434 | €15,898 | +€2,464 | +18.3% |
| Other operating charges | 640/8 | €2,406 | €2,978 | +€572 | +23.8% |
| Gross operating margin | 9900 | €74,408 | €85,131 | +€10,723 | +14.4% |
| Operating profit (loss) | 9901 | €5,587 | €11,668 | +€6,081 | +108.8% |
| Financial income | 75/76B | €14 | €40 | +€26 | +189.5% |
| Recurring financial income | 75 | €14 | €40 | +€26 | +189.5% |
| Financial charges | 65/66B | €3,553 | €4,075 | +€522 | +14.7% |
| Recurring financial charges | 65 | €3,553 | €4,075 | +€522 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €2,048 | €7,632 | +€5,585 | +272.7% |
| Income taxes | 67/77 | - | €23 | +€23 | |
| Profit (loss) for the period | 9904 | €2,048 | €7,609 | +€5,562 | +271.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,048 | €7,609 | +€5,562 | +271.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.