DECRAEMER: 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.
DECRAEMER
Largest movements
- Cash +€78,139
up €78,139 (+93.1%), from €83,959 to €162,097
mainly Net result for the year (+€53,416) and Trade debts (+€38,879)
- Receivables within one year +€9,106
up €9,106 (+25.0%), from €36,448 to €45,554
of which Trade receivables: +€8,485
- Stocks and contracts -€7,094
down €7,094 (-17.5%), from €40,561 to €33,467
- Reserves +€60,894
up €60,894 (+241.1%), from €25,252 to €86,147
- Current portion of long-term debt -€57,307
down €57,307 (-91.2%), from €62,859 to €5,552
- Trade debts +€38,879
up €38,879 (+102.1%), from €38,062 to €76,941
- Other debts +€33,061
up €33,061 (+20.2%), from €163,720 to €196,781
- Tax, wage and social debts +€18,066
up €18,066 (+250.9%), from €7,201 to €25,267
of which Taxes: +€13,338
- Depreciation -€38,905
down €38,905 (-56.7%), from €68,626 to €29,721
- Gross operating margin +€34,365
up €34,365 (+28.2%), from €121,690 to €156,055
- Taxes +€17,771
up €17,771 (+2042618.4%), from €1 to €17,772
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 | €517,771 | €598,216 | +€80,446 | +15.5% |
| Fixed assets | 21/28 | €354,421 | €354,697 | +€277 | +0.1% |
| Tangible fixed assets | 22/27 | €354,321 | €354,598 | +€277 | +0.1% |
| Land and buildings | 22 | €300,804 | €284,182 | -€16,621 | -5.5% |
| Plant, machinery and equipment | 23 | €50,025 | €70,416 | +€20,390 | +40.8% |
| Furniture and vehicles | 24 | €3,493 | - | -€3,493 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €163,350 | €243,519 | +€80,169 | +49.1% |
| Stocks and contracts in progress | 3 | €40,561 | €33,467 | -€7,094 | -17.5% |
| Stocks | 30/36 | €40,561 | €33,467 | -€7,094 | -17.5% |
| Amounts receivable within one year | 40/41 | €36,448 | €45,554 | +€9,106 | +25.0% |
| Trade receivables | 40 | €33,586 | €42,071 | +€8,485 | +25.3% |
| Other amounts receivable | 41 | €2,862 | €3,482 | +€620 | +21.7% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,959 | €162,097 | +€78,139 | +93.1% |
| Deferred charges and accrued income | 490/1 | €2,381 | €2,400 | +€19 | +0.8% |
| Total equity and liabilities | 10/49 | €517,771 | €598,216 | +€80,446 | +15.5% |
| Equity | 10/15 | €231,307 | €284,723 | +€53,416 | +23.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €187,463 | €179,985 | -€7,478 | -4.0% |
| Reserves | 13 | €25,252 | €86,147 | +€60,894 | +241.1% |
| Distributable reserves | 133 | €25,252 | €86,147 | +€60,894 | +241.1% |
| Amounts payable | 17/49 | €286,464 | €313,493 | +€27,029 | +9.4% |
| Amounts payable after more than one year | 17 | €12,802 | €7,251 | -€5,552 | -43.4% |
| Financial debts | 170/4 | €12,802 | €7,251 | -€5,552 | -43.4% |
| Amounts payable within one year | 42/48 | €273,543 | €306,242 | +€32,699 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €62,859 | €5,552 | -€57,307 | -91.2% |
| Trade debts | 44 | €38,062 | €76,941 | +€38,879 | +102.1% |
| Suppliers | 440/4 | €38,062 | €76,941 | +€38,879 | +102.1% |
| Advances received on contracts in progress | 46 | €1,702 | €1,702 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,201 | €25,267 | +€18,066 | +250.9% |
| Taxes | 450/3 | €2,471 | €15,809 | +€13,338 | +539.7% |
| Remuneration and social security | 454/9 | €4,730 | €9,458 | +€4,728 | +100.0% |
| Other amounts payable | 47/48 | €163,720 | €196,781 | +€33,061 | +20.2% |
| Accrued charges and deferred income | 492/3 | €118 | - | -€118 | |
| Remuneration, social security and pensions | 62 | €35,904 | €37,077 | +€1,173 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,626 | €29,721 | -€38,905 | -56.7% |
| Other operating charges | 640/8 | €4,944 | €5,067 | +€122 | +2.5% |
| Gross operating margin | 9900 | €121,690 | €156,055 | +€34,365 | +28.2% |
| Operating profit (loss) | 9901 | €12,215 | €84,190 | +€71,975 | +589.2% |
| Financial income | 75/76B | €2 | €2 | +€0 | +8.0% |
| Recurring financial income | 75 | €2 | €2 | +€0 | +8.0% |
| Financial charges | 65/66B | €12,731 | €13,004 | +€273 | +2.1% |
| Recurring financial charges | 65 | €12,731 | €13,004 | +€273 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€513 | €71,188 | +€71,701 | |
| Income taxes | 67/77 | €1 | €17,772 | +€17,771 | +2042618.4% |
| Profit (loss) for the period | 9904 | -€514 | €53,416 | +€53,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€514 | €53,416 | +€53,931 |
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 11 October 2026 via checked.be.