DECOVEN: 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.
DECOVEN
Largest movements
- Current investments -€128,829
down €128,829 (-100.0%), from €128,829 to €0
- Receivables within one year -€36,596
down €36,596 (-73.3%), from €49,912 to €13,316
of which Other amounts receivable: -€36,596
- Tangible fixed assets +€30,689
up €30,689 (+3.6%), from €849,515 to €880,205
of which Furniture and vehicles: +€54,487
- Other debts -€262,249
down €262,249 (-51.6%), from €508,458 to €246,209
- Reserves +€167,960
up €167,960 (+40.4%), from €415,413 to €583,373
of which Distributable reserves: +€84,200
- Current portion of long-term debt +€60,179
up €60,179 (+110.7%), from €54,346 to €114,525
- Debts after one year -€56,623
down €56,623 (-12.8%), from €441,751 to €385,128
of which Financial debts: -€56,623
- Tax, wage and social debts -€52,867
down €52,867 (-75.2%), from €70,297 to €17,430
of which Taxes: -€52,867
- Gross operating margin +€56,306
up €56,306 (+19.6%), from €286,745 to €343,051
- Provisions +€35,142
new in 2025: €35,142
- Financial charges +€15,206
up €15,206 (+177.2%), from €8,579 to €23,785
- Staff costs -€12,742
down €12,742 (-100.0%), from €12,742 to €0
- Taxes +€12,334
up €12,334 (+23.1%), from €53,337 to €65,671
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 | €1,556,279 | €1,421,024 | -€135,255 | -8.7% |
| Fixed assets | 21/28 | €849,515 | €880,205 | +€30,689 | +3.6% |
| Tangible fixed assets | 22/27 | €849,515 | €880,205 | +€30,689 | +3.6% |
| Land and buildings | 22 | €842,971 | €809,214 | -€33,757 | -4.0% |
| Furniture and vehicles | 24 | €3,386 | €57,873 | +€54,487 | +1609.1% |
| Other tangible fixed assets | 26 | €3,159 | €13,118 | +€9,959 | +315.3% |
| Current assets | 29/58 | €706,764 | €540,820 | -€165,944 | -23.5% |
| Amounts receivable after more than one year | 29 | €428,200 | €428,200 | = | 0.0% |
| Other amounts receivable | 291 | €428,200 | €428,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,912 | €13,316 | -€36,596 | -73.3% |
| Trade receivables | 40 | €12,856 | €12,856 | +€0 | 0.0% |
| Other amounts receivable | 41 | €37,055 | €460 | -€36,596 | -98.8% |
| Current investments | 50/53 | €128,829 | €0 | -€128,829 | -100.0% |
| Cash at bank and in hand | 54/58 | €74,129 | €72,979 | -€1,150 | -1.6% |
| Deferred charges and accrued income | 490/1 | €25,695 | €26,325 | +€630 | +2.5% |
| Total equity and liabilities | 10/49 | €1,556,279 | €1,421,024 | -€135,255 | -8.7% |
| Equity | 10/15 | €435,413 | €603,373 | +€167,960 | +38.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €415,413 | €583,373 | +€167,960 | +40.4% |
| Tax-exempt reserves | 132 | €190,326 | €274,086 | +€83,760 | +44.0% |
| Distributable reserves | 133 | €225,087 | €309,287 | +€84,200 | +37.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,907 | €36,903 | +€34,996 | +1835.0% |
| Provisions for liabilities and charges | 160/5 | - | €35,142 | +€35,142 | |
| Other liabilities and charges | 164/5 | - | €35,142 | +€35,142 | |
| Deferred taxes | 168 | €1,907 | €1,760 | -€147 | -7.7% |
| Amounts payable | 17/49 | €1,118,959 | €780,749 | -€338,210 | -30.2% |
| Amounts payable after more than one year | 17 | €441,751 | €385,128 | -€56,623 | -12.8% |
| Financial debts | 170/4 | €441,481 | €384,858 | -€56,623 | -12.8% |
| Other amounts payable | 178/9 | €270 | €270 | = | 0.0% |
| Amounts payable within one year | 42/48 | €675,707 | €380,588 | -€295,119 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €54,346 | €114,525 | +€60,179 | +110.7% |
| Financial debts | 43 | €41,766 | €0 | -€41,766 | -100.0% |
| Credit institutions | 430/8 | €41,766 | €0 | -€41,766 | -100.0% |
| Trade debts | 44 | €840 | €2,423 | +€1,584 | +188.6% |
| Suppliers | 440/4 | €840 | €2,423 | +€1,584 | +188.6% |
| Taxes, remuneration and social security | 45 | €70,297 | €17,430 | -€52,867 | -75.2% |
| Taxes | 450/3 | €70,297 | €17,430 | -€52,867 | -75.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €508,458 | €246,209 | -€262,249 | -51.6% |
| Accrued charges and deferred income | 492/3 | €1,501 | €15,033 | +€13,532 | +901.4% |
| Non-recurring operating income | 76A | - | €23,668 | +€23,668 | |
| Remuneration, social security and pensions | 62 | €12,742 | €0 | -€12,742 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,537 | €57,862 | +€325 | +0.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €35,142 | +€35,142 | |
| Other operating charges | 640/8 | €7,216 | €7,353 | +€137 | +1.9% |
| Gross operating margin | 9900 | €286,745 | €343,051 | +€56,306 | +19.6% |
| Operating profit (loss) | 9901 | €209,250 | €242,694 | +€33,444 | +16.0% |
| Financial income | 75/76B | €27,589 | €39,176 | +€11,586 | +42.0% |
| Recurring financial income | 75 | €27,589 | €39,176 | +€11,586 | +42.0% |
| Financial charges | 65/66B | €8,579 | €23,785 | +€15,206 | +177.2% |
| Recurring financial charges | 65 | €8,579 | €23,785 | +€15,206 | +177.2% |
| Profit (loss) for the period before taxes | 9903 | €228,260 | €258,084 | +€29,825 | +13.1% |
| Transfer from deferred taxes | 780 | €147 | €147 | = | 0.0% |
| Income taxes | 67/77 | €53,337 | €65,671 | +€12,334 | +23.1% |
| Profit (loss) for the period | 9904 | €175,069 | €192,560 | +€17,491 | +10.0% |
| Transfer from tax-exempt reserves | 789 | €168,840 | €440 | -€168,400 | -99.7% |
| Transfer to tax-exempt reserves | 689 | €0 | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €343,909 | €108,800 | -€235,109 | -68.4% |
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 10 October 2026 via checked.be.