DECSYS: what changed
Two fiscal 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.
DECSYS
Largest movements
- Tangible fixed assets +€158,762
up €158,762 (+15.1%), from €1.1m to €1.2m
of which Leasing and similar rights: +€192,811
- Receivables within one year +€69,242
up €69,242 (+6.5%), from €1.1m to €1.1m
of which Trade receivables: +€57,899
- Cash -€43,283
down €43,283 (-12.3%), from €351,361 to €308,078
mainly Short-term financial debts (-€363,137) and Investment in fixed assets (net) (-€318,207)
- Stocks and contracts -€32,291
down €32,291 (-6.7%), from €479,272 to €446,981
of which Stocks: -€33,604
- Trade debts +€386,762
up €386,762 (+46.7%), from €827,650 to €1.2m
- Short-term financial debts -€363,137
down €363,137 (-90.8%), from €400,000 to €36,863
- Debts after one year +€113,642
up €113,642 (+35.3%), from €321,621 to €435,263
- Profit (loss) carried forward +€105,106
up €105,106 (+59.0%), from €178,140 to €283,246
- Current portion of long-term debt -€65,802
down €65,802 (-37.3%), from €176,363 to €110,561
- Staff costs +€58,131
up €58,131 (+6.2%), from €936,335 to €994,466
- Gross operating margin +€25,545
up €25,545 (+1.8%), from €1.4m to €1.5m
- Financial charges -€17,264
down €17,264 (-12.2%), from €141,160 to €123,896
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,959,733 | €3,123,981 | +€164,248 | +5.5% |
| Fixed assets | 21/28 | €1,054,225 | €1,212,987 | +€158,762 | +15.1% |
| Tangible fixed assets | 22/27 | €1,054,090 | €1,212,852 | +€158,762 | +15.1% |
| Land and buildings | 22 | €487,395 | €478,559 | -€8,836 | -1.8% |
| Plant, machinery and equipment | 23 | €40,624 | €25,808 | -€14,815 | -36.5% |
| Furniture and vehicles | 24 | €75,281 | €65,314 | -€9,967 | -13.2% |
| Leasing and similar rights | 25 | €448,636 | €641,447 | +€192,811 | +43.0% |
| Other tangible fixed assets | 26 | €2,154 | €1,724 | -€431 | -20.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,905,508 | €1,910,994 | +€5,486 | +0.3% |
| Stocks and contracts in progress | 3 | €479,272 | €446,981 | -€32,291 | -6.7% |
| Stocks | 30/36 | €333,270 | €299,666 | -€33,604 | -10.1% |
| Contracts in progress | 37 | €146,002 | €147,315 | +€1,313 | +0.9% |
| Amounts receivable within one year | 40/41 | €1,061,449 | €1,130,691 | +€69,242 | +6.5% |
| Trade receivables | 40 | €1,000,659 | €1,058,558 | +€57,899 | +5.8% |
| Other amounts receivable | 41 | €60,791 | €72,134 | +€11,343 | +18.7% |
| Cash at bank and in hand | 54/58 | €351,361 | €308,078 | -€43,283 | -12.3% |
| Deferred charges and accrued income | 490/1 | €13,426 | €25,244 | +€11,817 | +88.0% |
| Total equity and liabilities | 10/49 | €2,959,733 | €3,123,981 | +€164,248 | +5.5% |
| Equity | 10/15 | €860,567 | €960,376 | +€99,809 | +11.6% |
| Contributions | 10/11 | €608,080 | €608,080 | = | 0.0% |
| Capital | 10 | €608,080 | €608,080 | = | 0.0% |
| Issued capital | 100 | €608,080 | €608,080 | = | 0.0% |
| Revaluation surpluses | 12 | €64,972 | €54,143 | -€10,829 | -16.7% |
| Reserves | 13 | €9,376 | €14,908 | +€5,532 | +59.0% |
| Non-distributable reserves | 130/1 | €9,376 | €14,908 | +€5,532 | +59.0% |
| Legal reserve | 130 | €9,376 | €14,908 | +€5,532 | +59.0% |
| Profit (loss) carried forward | 14 | €178,140 | €283,246 | +€105,106 | +59.0% |
| Amounts payable | 17/49 | €2,099,165 | €2,163,605 | +€64,439 | +3.1% |
| Amounts payable after more than one year | 17 | €321,621 | €435,263 | +€113,642 | +35.3% |
| Financial debts | 170/4 | €321,621 | €435,263 | +€113,642 | +35.3% |
| Amounts payable within one year | 42/48 | €1,735,236 | €1,695,080 | -€40,156 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €176,363 | €110,561 | -€65,802 | -37.3% |
| Financial debts | 43 | €400,000 | €36,863 | -€363,137 | -90.8% |
| Credit institutions | 430/8 | €400,000 | €36,863 | -€363,137 | -90.8% |
| Trade debts | 44 | €827,650 | €1,214,411 | +€386,762 | +46.7% |
| Suppliers | 440/4 | €827,650 | €1,214,411 | +€386,762 | +46.7% |
| Taxes, remuneration and social security | 45 | €324,720 | €333,245 | +€8,525 | +2.6% |
| Taxes | 450/3 | €91,063 | €87,488 | -€3,575 | -3.9% |
| Remuneration and social security | 454/9 | €233,657 | €245,757 | +€12,100 | +5.2% |
| Other amounts payable | 47/48 | €6,504 | €0 | -€6,504 | -100.0% |
| Accrued charges and deferred income | 492/3 | €42,308 | €33,261 | -€9,047 | -21.4% |
| Non-recurring operating income | 76A | €27,062 | €21,917 | -€5,145 | -19.0% |
| Remuneration, social security and pensions | 62 | €936,335 | €994,466 | +€58,131 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,268 | €159,444 | -€13,824 | -8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €18,260 | €18,560 | +€300 | +1.6% |
| Non-recurring operating charges | 66A | €0 | €3 | +€3 | |
| Gross operating margin | 9900 | €1,426,053 | €1,451,598 | +€25,545 | +1.8% |
| Operating profit (loss) | 9901 | €298,190 | €279,125 | -€19,065 | -6.4% |
| Financial income | 75/76B | €2,450 | €673 | -€1,776 | -72.5% |
| Recurring financial income | 75 | €2,450 | €673 | -€1,776 | -72.5% |
| Financial charges | 65/66B | €141,160 | €123,896 | -€17,264 | -12.2% |
| Recurring financial charges | 65 | €141,160 | €123,896 | -€17,264 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €159,480 | €155,903 | -€3,577 | -2.2% |
| Income taxes | 67/77 | €45,599 | €45,265 | -€334 | -0.7% |
| Profit (loss) for the period | 9904 | €113,881 | €110,638 | -€3,243 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,881 | €110,638 | -€3,243 | -2.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.