Decraene J. André: 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 J. André
Largest movements
- Cash +€268,697
up €268,697 (+34.2%), from €785,172 to €1.1m
mainly Depreciation (+€97,301) and Net result for the year (+€61,861)
- Tangible fixed assets -€96,283
down €96,283 (-12.2%), from €790,147 to €693,863
- Current investments -€50,022
down €50,022 (-8.2%), from €613,044 to €563,022
- Receivables within one year -€25,069
down €25,069 (-20.5%), from €122,352 to €97,283
of which Trade receivables: -€13,724
- Profit (loss) carried forward +€59,362
up €59,362 (+58.3%), from -€101,824 to -€42,462
- Other debts +€48,404
up €48,404 (+5.5%), from €880,325 to €928,729
- Taxes +€14,826
new in 2026: €14,826
- Gross operating margin +€12,805
up €12,805 (+5.5%), from €234,469 to €247,274
- Other operating charges -€8,680
down €8,680 (-39.0%), from €22,236 to €13,556
- Depreciation -€8,125
down €8,125 (-7.7%), from €105,426 to €97,301
- Financial income -€6,427
down €6,427 (-28.2%), from €22,810 to €16,384
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,321,036 | €2,419,929 | +€98,893 | +4.3% |
| Fixed assets | 21/28 | €793,544 | €696,243 | -€97,301 | -12.3% |
| Intangible fixed assets | 21 | €2,742 | €1,724 | -€1,018 | -37.1% |
| Tangible fixed assets | 22/27 | €790,147 | €693,863 | -€96,283 | -12.2% |
| Land and buildings | 22 | €636,108 | €602,167 | -€33,940 | -5.3% |
| Plant, machinery and equipment | 23 | €68,289 | €23,193 | -€45,096 | -66.0% |
| Furniture and vehicles | 24 | €82,960 | €66,098 | -€16,861 | -20.3% |
| Other tangible fixed assets | 26 | €2,791 | €2,405 | -€386 | -13.8% |
| Financial fixed assets | 28 | €655 | €655 | = | 0.0% |
| Current assets | 29/58 | €1,527,492 | €1,723,686 | +€196,195 | +12.8% |
| Amounts receivable within one year | 40/41 | €122,352 | €97,283 | -€25,069 | -20.5% |
| Trade receivables | 40 | €110,512 | €96,788 | -€13,724 | -12.4% |
| Other amounts receivable | 41 | €11,840 | €496 | -€11,344 | -95.8% |
| Current investments | 50/53 | €613,044 | €563,022 | -€50,022 | -8.2% |
| Cash at bank and in hand | 54/58 | €785,172 | €1,053,870 | +€268,697 | +34.2% |
| Deferred charges and accrued income | 490/1 | €6,923 | €9,511 | +€2,588 | +37.4% |
| Total equity and liabilities | 10/49 | €2,321,036 | €2,419,929 | +€98,893 | +4.3% |
| Equity | 10/15 | €1,282,516 | €1,341,878 | +€59,362 | +4.6% |
| Contributions | 10/11 | €1,143,080 | €1,143,080 | = | 0.0% |
| Reserves | 13 | €241,260 | €241,260 | = | 0.0% |
| Distributable reserves | 133 | €241,260 | €241,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,824 | -€42,462 | +€59,362 | +58.3% |
| Amounts payable | 17/49 | €1,038,519 | €1,078,050 | +€39,531 | +3.8% |
| Amounts payable within one year | 42/48 | €969,711 | €1,012,097 | +€42,385 | +4.4% |
| Trade debts | 44 | €82,900 | €67,047 | -€15,854 | -19.1% |
| Suppliers | 440/4 | €82,900 | €67,047 | -€15,854 | -19.1% |
| Taxes, remuneration and social security | 45 | €6,486 | €16,321 | +€9,835 | +152% |
| Taxes | 450/3 | €3,762 | €13,780 | +€10,018 | +266% |
| Remuneration and social security | 454/9 | €2,724 | €2,541 | -€183 | -6.7% |
| Other amounts payable | 47/48 | €880,325 | €928,729 | +€48,404 | +5.5% |
| Accrued charges and deferred income | 492/3 | €68,808 | €65,954 | -€2,854 | -4.1% |
| Remuneration, social security and pensions | 62 | €10,097 | €13,342 | +€3,245 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,426 | €97,301 | -€8,125 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €211 | €1,436 | +€1,226 | +582% |
| Other operating charges | 640/8 | €22,236 | €13,556 | -€8,680 | -39.0% |
| Gross operating margin | 9900 | €234,469 | €247,274 | +€12,805 | +5.5% |
| Operating profit (loss) | 9901 | €96,498 | €121,639 | +€25,140 | +26.1% |
| Financial income | 75/76B | €22,810 | €16,384 | -€6,427 | -28.2% |
| Recurring financial income | 75 | €22,810 | €16,384 | -€6,427 | -28.2% |
| Financial charges | 65/66B | €66,823 | €61,336 | -€5,487 | -8.2% |
| Recurring financial charges | 65 | €66,823 | €61,336 | -€5,487 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €52,486 | €76,687 | +€24,201 | +46.1% |
| Income taxes | 67/77 | - | €14,826 | +€14,826 | |
| Profit (loss) for the period | 9904 | €52,486 | €61,861 | +€9,375 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,486 | €61,861 | +€9,375 | +17.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.