DECRAENE: 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.
DECRAENE
Largest movements
- Tangible fixed assets +€325,759
up €325,759 (+1274.5%), from €25,560 to €351,319
of which Land and buildings: +€282,804
- Cash -€24,886
down €24,886 (-93.0%), from €26,765 to €1,879
mainly Investment in fixed assets (net) (-€343,118) and Receivables within one year (-€14,884)
- Receivables within one year +€14,884
up €14,884 (+27.6%), from €53,968 to €68,852
of which Trade receivables: +€15,983
- Stocks and contracts +€6,128
new in 2025: €6,128
- Debts after one year +€284,690
new in 2025: €284,690
- Current portion of long-term debt +€26,601
new in 2025: €26,601
- Reserves +€20,809
up €20,809 (+31.9%), from €65,285 to €86,094
- Other debts -€11,000
no longer reported in 2025 (was €11,000)
- Staff costs +€35,853
up €35,853 (+676.1%), from €5,303 to €41,156
- Taxes -€17,292
down €17,292 (-100.0%), from €17,293 to €1
- Depreciation +€15,219
up €15,219 (+711.2%), from €2,140 to €17,359
- Financial charges +€11,388
up €11,388 (+5651.8%), from €202 to €11,590
- Gross operating margin -€7,162
down €7,162 (-7.0%), from €102,075 to €94,913
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 | €108,869 | €431,674 | +€322,805 | +296.5% |
| Fixed assets | 21/28 | €25,560 | €351,319 | +€325,759 | +1274.5% |
| Tangible fixed assets | 22/27 | €25,560 | €351,319 | +€325,759 | +1274.5% |
| Land and buildings | 22 | - | €282,804 | +€282,804 | |
| Plant, machinery and equipment | 23 | €14,237 | €11,870 | -€2,367 | -16.6% |
| Furniture and vehicles | 24 | €11,323 | €56,644 | +€45,322 | +400.3% |
| Current assets | 29/58 | €83,309 | €80,355 | -€2,954 | -3.5% |
| Stocks and contracts in progress | 3 | - | €6,128 | +€6,128 | |
| Stocks | 30/36 | - | €6,128 | +€6,128 | |
| Amounts receivable within one year | 40/41 | €53,968 | €68,852 | +€14,884 | +27.6% |
| Trade receivables | 40 | €3,775 | €19,758 | +€15,983 | +423.4% |
| Other amounts receivable | 41 | €50,193 | €49,094 | -€1,099 | -2.2% |
| Cash at bank and in hand | 54/58 | €26,765 | €1,879 | -€24,886 | -93.0% |
| Deferred charges and accrued income | 490/1 | €2,576 | €3,497 | +€921 | +35.7% |
| Total equity and liabilities | 10/49 | €108,869 | €431,674 | +€322,805 | +296.5% |
| Equity | 10/15 | €67,285 | €88,094 | +€20,809 | +30.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €65,285 | €86,094 | +€20,809 | +31.9% |
| Distributable reserves | 133 | €65,285 | €86,094 | +€20,809 | +31.9% |
| Amounts payable | 17/49 | €41,584 | €343,580 | +€301,996 | +726.2% |
| Amounts payable after more than one year | 17 | - | €284,690 | +€284,690 | |
| Financial debts | 170/4 | - | €284,690 | +€284,690 | |
| Amounts payable within one year | 42/48 | €36,683 | €49,774 | +€13,090 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | - | €26,601 | +€26,601 | |
| Trade debts | 44 | €16,890 | €18,691 | +€1,800 | +10.7% |
| Suppliers | 440/4 | €16,890 | €18,691 | +€1,800 | +10.7% |
| Taxes, remuneration and social security | 45 | €8,793 | €4,483 | -€4,311 | -49.0% |
| Taxes | 450/3 | €8,793 | €1,500 | -€7,293 | -82.9% |
| Remuneration and social security | 454/9 | - | €2,983 | +€2,983 | |
| Other amounts payable | 47/48 | €11,000 | - | -€11,000 | |
| Accrued charges and deferred income | 492/3 | €4,901 | €9,117 | +€4,216 | +86.0% |
| Non-recurring operating income | 76A | €550 | - | -€550 | |
| Remuneration, social security and pensions | 62 | €5,303 | €41,156 | +€35,853 | +676.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,140 | €17,359 | +€15,219 | +711.2% |
| Other operating charges | 640/8 | €1,044 | €4,001 | +€2,957 | +283.3% |
| Gross operating margin | 9900 | €102,075 | €94,913 | -€7,162 | -7.0% |
| Operating profit (loss) | 9901 | €93,588 | €32,397 | -€61,191 | -65.4% |
| Financial income | 75/76B | €191 | €3 | -€188 | -98.5% |
| Recurring financial income | 75 | €191 | €3 | -€188 | -98.5% |
| Financial charges | 65/66B | €202 | €11,590 | +€11,388 | +5651.8% |
| Recurring financial charges | 65 | €202 | €11,590 | +€11,388 | +5651.8% |
| Profit (loss) for the period before taxes | 9903 | €93,578 | €20,810 | -€72,768 | -77.8% |
| Income taxes | 67/77 | €17,293 | €1 | -€17,292 | -100.0% |
| Profit (loss) for the period | 9904 | €76,285 | €20,809 | -€55,476 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,285 | €20,809 | -€55,476 | -72.7% |
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.