Decsteel: 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.
Decsteel
Largest movements
- Cash +€54,497
up €54,497 (+485%), from €11,237 to €65,733
mainly Net result for the year (+€43,798) and Debts after one year (+€31,955)
- Tangible fixed assets +€53,415
up €53,415 (+1,923%), from €2,778 to €56,193
of which Furniture and vehicles: +€46,184
- Receivables within one year -€18,533
down €18,533 (-66.5%), from €27,879 to €9,346
of which Trade receivables: -€18,533
- Deferred charges and accrued income -€2,455
down €2,455 (-19.1%), from €12,847 to €10,392
- Reserves +€43,798
up €43,798 (+155%), from €28,287 to €72,084
- Debts after one year +€31,955
new in 2025: €31,955
- Current portion of long-term debt +€8,361
new in 2025: €8,361
- Trade debts +€5,120
up €5,120 (+4,389%), from €117 to €5,237
- Tax, wage and social debts -€5,054
down €5,054 (-25.4%), from €19,908 to €14,854
of which Taxes: -€5,681
- Gross operating margin +€26,996
up €26,996 (+74.3%), from €36,325 to €63,321
- Depreciation +€6,209
up €6,209 (+1,193%), from €521 to €6,730
- Taxes +€3,786
up €3,786 (+52.5%), from €7,214 to €11,000
- Financial charges +€1,183
up €1,183 (+806%), from €147 to €1,330
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 | €54,741 | €141,665 | +€86,924 | +159% |
| Fixed assets | 21/28 | €2,778 | €56,193 | +€53,415 | +1,923% |
| Tangible fixed assets | 22/27 | €2,778 | €56,193 | +€53,415 | +1,923% |
| Plant, machinery and equipment | 23 | €2,778 | €10,009 | +€7,231 | +260% |
| Furniture and vehicles | 24 | - | €46,184 | +€46,184 | |
| Current assets | 29/58 | €51,962 | €85,472 | +€33,509 | +64.5% |
| Amounts receivable within one year | 40/41 | €27,879 | €9,346 | -€18,533 | -66.5% |
| Trade receivables | 40 | €27,693 | €9,160 | -€18,533 | -66.9% |
| Other amounts receivable | 41 | €186 | €186 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,237 | €65,733 | +€54,497 | +485% |
| Deferred charges and accrued income | 490/1 | €12,847 | €10,392 | -€2,455 | -19.1% |
| Total equity and liabilities | 10/49 | €54,741 | €141,665 | +€86,924 | +159% |
| Equity | 10/15 | €32,287 | €76,084 | +€43,798 | +136% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €28,287 | €72,084 | +€43,798 | +155% |
| Distributable reserves | 133 | €28,287 | €72,084 | +€43,798 | +155% |
| Amounts payable | 17/49 | €22,454 | €65,581 | +€43,126 | +192% |
| Amounts payable after more than one year | 17 | - | €31,955 | +€31,955 | |
| Financial debts | 170/4 | - | €31,955 | +€31,955 | |
| Amounts payable within one year | 42/48 | €21,604 | €33,625 | +€12,021 | +55.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,361 | +€8,361 | |
| Trade debts | 44 | €117 | €5,237 | +€5,120 | +4,389% |
| Suppliers | 440/4 | €117 | €5,237 | +€5,120 | +4,389% |
| Taxes, remuneration and social security | 45 | €19,908 | €14,854 | -€5,054 | -25.4% |
| Taxes | 450/3 | €18,476 | €12,794 | -€5,681 | -30.8% |
| Remuneration and social security | 454/9 | €1,433 | €2,060 | +€628 | +43.8% |
| Other amounts payable | 47/48 | €1,580 | €5,174 | +€3,594 | +228% |
| Accrued charges and deferred income | 492/3 | €850 | €0 | -€850 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €521 | €6,730 | +€6,209 | +1,193% |
| Other operating charges | 640/8 | €157 | €463 | +€306 | +195% |
| Gross operating margin | 9900 | €36,325 | €63,321 | +€26,996 | +74.3% |
| Operating profit (loss) | 9901 | €35,647 | €56,128 | +€20,481 | +57.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €147 | €1,330 | +€1,183 | +806% |
| Recurring financial charges | 65 | €147 | €1,330 | +€1,183 | +806% |
| Profit (loss) for the period before taxes | 9903 | €35,501 | €54,798 | +€19,297 | +54.4% |
| Income taxes | 67/77 | €7,214 | €11,000 | +€3,786 | +52.5% |
| Profit (loss) for the period | 9904 | €28,287 | €43,798 | +€15,511 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,287 | €43,798 | +€15,511 | +54.8% |
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 26 October 2026 via checked.be.