DECOVEMA: 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.
DECOVEMA
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-100.0%), from €1.3m to €548
of which Other amounts receivable: -€1.3m
- Stocks and contracts +€417,541
up €417,541 (+4.8%), from €8.8m to €9.2m
- Debts after one year -€862,138
down €862,138 (-8.6%), from €10.0m to €9.1m
- Financial charges +€54,629
up €54,629 (+743.2%), from €7,351 to €61,980
- Gross operating margin -€2,145
down €2,145 (-650.1%), from -€330 to -€2,475
- Depreciation +€667
up €667 (+137.0%), from €487 to €1,154
- Other operating charges +€75
up €75 (+19.3%), from €387 to €462
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 | €10,094,084 | €9,209,721 | -€884,363 | -8.8% |
| Formation expenses | 20 | €1,154 | €0 | -€1,154 | -100.0% |
| Current assets | 29/58 | €10,092,930 | €9,209,721 | -€883,209 | -8.8% |
| Stocks and contracts in progress | 3 | €8,750,053 | €9,167,594 | +€417,541 | +4.8% |
| Stocks | 30/36 | €8,750,053 | €9,167,594 | +€417,541 | +4.8% |
| Amounts receivable within one year | 40/41 | €1,296,819 | €548 | -€1.3m | -100.0% |
| Trade receivables | 40 | €5,566 | €0 | -€5,566 | -100.0% |
| Other amounts receivable | 41 | €1,291,252 | €548 | -€1.3m | -100.0% |
| Cash at bank and in hand | 54/58 | €46,058 | €41,580 | -€4,478 | -9.7% |
| Total equity and liabilities | 10/49 | €10,094,084 | €9,209,721 | -€884,363 | -8.8% |
| Equity | 10/15 | €52,944 | -€13,128 | -€66,072 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,556 | -€74,628 | -€66,072 | -772.2% |
| Amounts payable | 17/49 | €10,041,140 | €9,222,849 | -€818,291 | -8.1% |
| Amounts payable after more than one year | 17 | €9,993,576 | €9,131,438 | -€862,138 | -8.6% |
| Financial debts | 170/4 | €9,993,576 | €9,131,438 | -€862,138 | -8.6% |
| Amounts payable within one year | 42/48 | - | €9,625 | +€9,625 | |
| Trade debts | 44 | - | €9,625 | +€9,625 | |
| Suppliers | 440/4 | - | €9,625 | +€9,625 | |
| Accrued charges and deferred income | 492/3 | €47,564 | €81,786 | +€34,222 | +71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487 | €1,154 | +€667 | +137.0% |
| Other operating charges | 640/8 | €387 | €462 | +€75 | +19.3% |
| Gross operating margin | 9900 | -€330 | -€2,475 | -€2,145 | -650.1% |
| Operating profit (loss) | 9901 | -€1,205 | -€4,091 | -€2,886 | -239.5% |
| Financial charges | 65/66B | €7,351 | €61,980 | +€54,629 | +743.2% |
| Recurring financial charges | 65 | €7,351 | €61,980 | +€54,629 | +743.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,556 | -€66,072 | -€57,516 | -672.2% |
| Profit (loss) for the period | 9904 | -€8,556 | -€66,072 | -€57,516 | -672.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,556 | -€66,072 | -€57,516 | -672.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.