DECRASON: 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.
DECRASON
Largest movements
- Receivables within one year +€204,448
up €204,448 (+49.6%), from €412,322 to €616,770
of which Trade receivables: +€116,288
- Tangible fixed assets +€61,417
up €61,417 (+3.0%), from €2.1m to €2.1m
of which Plant, machinery and equipment: +€71,904
- Stocks and contracts -€51,660
down €51,660 (-56.6%), from €91,260 to €39,600
- Cash -€51,120
down €51,120 (-33.9%), from €150,825 to €99,706
mainly Investment in fixed assets (net) (-€461,411) and Contributions, distributions and other (-€237,556)
- Reserves -€174,803
down €174,803 (-24.6%), from €710,308 to €535,504
of which Distributable reserves: -€174,803
- Other debts +€173,248
up €173,248 (+127%), from €136,938 to €310,186
- Trade debts +€160,861
up €160,861 (+72.4%), from €222,225 to €383,086
- Current portion of long-term debt +€42,806
up €42,806 (+14.2%), from €301,479 to €344,285
- Depreciation +€25,021
up €25,021 (+6.7%), from €374,628 to €399,649
- Staff costs +€18,367
up €18,367 (+13.4%), from €137,320 to €155,687
- Taxes -€13,033
down €13,033 (-35.8%), from €36,404 to €23,371
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.
Derived cash bridge
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 | €2,851,559 | €3,041,858 | +€190,299 | +6.7% |
| Fixed assets | 21/28 | €2,085,112 | €2,146,874 | +€61,762 | +3.0% |
| Tangible fixed assets | 22/27 | €2,075,840 | €2,137,257 | +€61,417 | +3.0% |
| Land and buildings | 22 | €1,542,783 | €1,520,417 | -€22,366 | -1.4% |
| Plant, machinery and equipment | 23 | €99,450 | €171,354 | +€71,904 | +72.3% |
| Furniture and vehicles | 24 | €433,606 | €445,486 | +€11,879 | +2.7% |
| Financial fixed assets | 28 | €9,271 | €9,616 | +€345 | +3.7% |
| Current assets | 29/58 | €766,447 | €894,984 | +€128,537 | +16.8% |
| Stocks and contracts in progress | 3 | €91,260 | €39,600 | -€51,660 | -56.6% |
| Stocks | 30/36 | €91,260 | €39,600 | -€51,660 | -56.6% |
| Amounts receivable within one year | 40/41 | €412,322 | €616,770 | +€204,448 | +49.6% |
| Trade receivables | 40 | €401,049 | €517,337 | +€116,288 | +29.0% |
| Other amounts receivable | 41 | €11,273 | €99,433 | +€88,160 | +782% |
| Cash at bank and in hand | 54/58 | €150,825 | €99,706 | -€51,120 | -33.9% |
| Deferred charges and accrued income | 490/1 | €112,040 | €138,909 | +€26,868 | +24.0% |
| Total equity and liabilities | 10/49 | €2,851,559 | €3,041,858 | +€190,299 | +6.7% |
| Equity | 10/15 | €925,700 | €750,897 | -€174,803 | -18.9% |
| Contributions | 10/11 | €99,200 | €99,200 | = | 0.0% |
| Capital | 10 | €99,200 | €99,200 | = | 0.0% |
| Issued capital | 100 | €99,200 | €99,200 | = | 0.0% |
| Reserves | 13 | €710,308 | €535,504 | -€174,803 | -24.6% |
| Non-distributable reserves | 130/1 | €9,920 | €9,920 | = | 0.0% |
| Legal reserve | 130 | €9,920 | €9,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,000 | €105,000 | = | 0.0% |
| Distributable reserves | 133 | €595,388 | €420,584 | -€174,803 | -29.4% |
| Profit (loss) carried forward | 14 | €116,193 | €116,193 | = | 0.0% |
| Amounts payable | 17/49 | €1,925,859 | €2,290,961 | +€365,102 | +19.0% |
| Amounts payable after more than one year | 17 | €1,195,633 | €1,174,375 | -€21,258 | -1.8% |
| Financial debts | 170/4 | €1,195,633 | €1,174,375 | -€21,258 | -1.8% |
| Amounts payable within one year | 42/48 | €726,828 | €1,110,585 | +€383,758 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | €301,479 | €344,285 | +€42,806 | +14.2% |
| Trade debts | 44 | €222,225 | €383,086 | +€160,861 | +72.4% |
| Suppliers | 440/4 | €222,225 | €383,086 | +€160,861 | +72.4% |
| Taxes, remuneration and social security | 45 | €66,186 | €73,029 | +€6,843 | +10.3% |
| Taxes | 450/3 | €54,655 | €62,189 | +€7,534 | +13.8% |
| Remuneration and social security | 454/9 | €11,531 | €10,840 | -€691 | -6.0% |
| Other amounts payable | 47/48 | €136,938 | €310,186 | +€173,248 | +127% |
| Accrued charges and deferred income | 492/3 | €3,398 | €6,000 | +€2,603 | +76.6% |
| Non-recurring operating income | 76A | €12,850 | €35,282 | +€22,432 | +175% |
| Remuneration, social security and pensions | 62 | €137,320 | €155,687 | +€18,367 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374,628 | €399,649 | +€25,021 | +6.7% |
| Other operating charges | 640/8 | €74,436 | €73,851 | -€585 | -0.8% |
| Non-recurring operating charges | 66A | €23,725 | - | -€23,725 | |
| Gross operating margin | 9900 | €763,115 | €760,452 | -€2,663 | -0.3% |
| Operating profit (loss) | 9901 | €153,007 | €131,265 | -€21,741 | -14.2% |
| Financial income | 75/76B | €3 | €61 | +€58 | +1,872% |
| Recurring financial income | 75 | €3 | €61 | +€58 | +1,872% |
| Financial charges | 65/66B | €52,799 | €45,202 | -€7,597 | -14.4% |
| Recurring financial charges | 65 | €52,799 | €45,202 | -€7,597 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €100,211 | €86,124 | -€14,087 | -14.1% |
| Income taxes | 67/77 | €36,404 | €23,371 | -€13,033 | -35.8% |
| Profit (loss) for the period | 9904 | €63,807 | €62,753 | -€1,054 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,807 | €62,753 | -€1,054 | -1.7% |
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 17 October 2026 via checked.be.