DECOVIER: 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.
DECOVIER
Largest movements
- Receivables within one year -€25,658
down €25,658 (-27.7%), from €92,494 to €66,837
of which Trade receivables: -€36,300
- Tangible fixed assets -€9,492
down €9,492 (-6.1%), from €156,546 to €147,054
of which Land and buildings: -€10,918
- Other debts -€49,500
down €49,500 (-78.6%), from €63,000 to €13,500
- Reserves +€15,505
up €15,505 (+10.5%), from €147,768 to €163,273
of which Distributable reserves: +€15,505
- Tax, wage and social debts +€11,324
up €11,324 (+43.5%), from €26,039 to €37,363
- Debts after one year -€5,934
down €5,934 (-15.6%), from €38,064 to €32,129
- Trade debts -€5,475
down €5,475 (-76.6%), from €7,148 to €1,673
- Gross operating margin +€1,520
up €1,520 (+2.4%), from €62,429 to €63,949
- Depreciation +€1,344
up €1,344 (+8.8%), from €15,235 to €16,579
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 | €302,089 | €267,873 | -€34,216 | -11.3% |
| Fixed assets | 21/28 | €156,546 | €147,054 | -€9,492 | -6.1% |
| Tangible fixed assets | 22/27 | €156,546 | €147,054 | -€9,492 | -6.1% |
| Land and buildings | 22 | €115,185 | €104,267 | -€10,918 | -9.5% |
| Furniture and vehicles | 24 | €6,659 | €10,057 | +€3,398 | +51.0% |
| Other tangible fixed assets | 26 | €34,702 | €32,730 | -€1,972 | -5.7% |
| Current assets | 29/58 | €145,543 | €120,819 | -€24,725 | -17.0% |
| Amounts receivable after more than one year | 29 | €48,000 | €48,000 | = | 0.0% |
| Other amounts receivable | 291 | €48,000 | €48,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,494 | €66,837 | -€25,658 | -27.7% |
| Trade receivables | 40 | €36,300 | €0 | -€36,300 | -100.0% |
| Other amounts receivable | 41 | €56,194 | €66,837 | +€10,642 | +18.9% |
| Cash at bank and in hand | 54/58 | €5,049 | €5,982 | +€933 | +18.5% |
| Total equity and liabilities | 10/49 | €302,089 | €267,873 | -€34,216 | -11.3% |
| Equity | 10/15 | €160,268 | €175,773 | +€15,505 | +9.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €147,768 | €163,273 | +€15,505 | +10.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €145,908 | €161,413 | +€15,505 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,821 | €92,100 | -€49,721 | -35.1% |
| Amounts payable after more than one year | 17 | €38,064 | €32,129 | -€5,934 | -15.6% |
| Financial debts | 170/4 | €38,064 | €32,129 | -€5,934 | -15.6% |
| Amounts payable within one year | 42/48 | €102,257 | €58,471 | -€43,787 | -42.8% |
| Financial debts | 43 | €6,070 | €5,934 | -€136 | -2.2% |
| Credit institutions | 430/8 | €6,070 | €5,934 | -€136 | -2.2% |
| Trade debts | 44 | €7,148 | €1,673 | -€5,475 | -76.6% |
| Suppliers | 440/4 | €7,148 | €1,673 | -€5,475 | -76.6% |
| Taxes, remuneration and social security | 45 | €26,039 | €37,363 | +€11,324 | +43.5% |
| Taxes | 450/3 | €26,039 | €37,363 | +€11,324 | +43.5% |
| Other amounts payable | 47/48 | €63,000 | €13,500 | -€49,500 | -78.6% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,235 | €16,579 | +€1,344 | +8.8% |
| Other operating charges | 640/8 | €2,322 | €2,333 | +€11 | +0.5% |
| Gross operating margin | 9900 | €62,429 | €63,949 | +€1,520 | +2.4% |
| Operating profit (loss) | 9901 | €44,871 | €45,037 | +€165 | +0.4% |
| Financial income | 75/76B | €1,368 | €1,379 | +€11 | +0.8% |
| Recurring financial income | 75 | €1,368 | €1,379 | +€11 | +0.8% |
| Financial charges | 65/66B | €1,721 | €1,817 | +€96 | +5.6% |
| Recurring financial charges | 65 | €1,721 | €1,817 | +€96 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €44,518 | €44,599 | +€81 | +0.2% |
| Income taxes | 67/77 | €15,527 | €15,594 | +€68 | +0.4% |
| Profit (loss) for the period | 9904 | €28,992 | €29,005 | +€13 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,992 | €29,005 | +€13 | 0.0% |
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.