DECUBEL: 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.
What changed
DECUBEL
NACE 43.120, Site preparation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€41,244
2024 · -€39,591+€80,835
Equity
€962,813
2024 · €930,769+€32,044
Cash
€1.3m
2024 · €877,007+€412,184
Balance sheet total
€5.5m
2024 · €4.9m+€632,104
Largest movements
Assets
- Receivables within one year +€700,101
up €700,101 (+35.4%), from €2.0m to €2.7m
of which Trade receivables: +€629,260
- Tangible fixed assets -€440,785
down €440,785 (-26.3%), from €1.7m to €1.2m
- Cash +€412,184
up €412,184 (+47.0%), from €877,007 to €1.3m
mainly Trade debts (+€1.0m) and Depreciation (+€514,336)
Equity and liabilities
- Trade debts +€1.0m
up €1.0m (+84.1%), from €1.2m to €2.3m
- Debts after one year -€409,344
down €409,344 (-32.5%), from €1.3m to €849,124
- Advances received +€168,194
up €168,194, from €0 to €168,194
- Tax, wage and social debts -€106,234
down €106,234 (-56.6%), from €187,856 to €81,622
of which Remuneration and social security: -€89,655
Income statement
- Gross operating margin +€198,247
up €198,247 (+7.5%), from €2.7m to €2.8m
- Staff costs +€66,029
up €66,029 (+3.2%), from €2.1m to €2.1m
- Write-downs +€37,500
new in 2025: €37,500
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.
Result 2024
-€39,591
Gross operating margin
+€198,247
Staff costs
-€66,029
Depreciation
-€27,682
Write-downs
-€37,500
Other operating charges
-€3,043
Other operating items
+€16,082
Financial income
+€120
Financial charges
+€24,178
Taxes
-€23,538
Result 2025
€41,244
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.
From operations
+€942,960
Investment
-€54,851
Financing
-€475,925
Cash 2024
€877,007
From operations (derived)
+€942,960
Net result for the year
+€41,244
Depreciation
+€514,336
Stocks and contracts
+€14,036
Receivables within one year
-€700,101
Deferred charges and accrued income
+€6,660
Trade debts
+€1.0m
Tax, wage and social debts
-€106,234
Advances received
+€168,194
Other debts
-€33,718
Accrued charges and deferred income
-€404
Investment (derived)
-€54,851
Investment in fixed assets (net)
-€77,802
Current investments
+€22,951
Financing
-€475,925
Debts after one year
-€409,344
Current portion of long-term debt
-€34,664
Short-term financial debts
-€22,717
Contributions, distributions and other
-€9,200
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,856,846 | €5,488,950 | +€632,104 | +13.0% |
| Fixed assets | 21/28 | €1,767,848 | €1,331,314 | -€436,534 | -24.7% |
| Intangible fixed assets | 21 | €3,221 | €636 | -€2,585 | -80.3% |
| Tangible fixed assets | 22/27 | €1,675,511 | €1,234,726 | -€440,785 | -26.3% |
| Land and buildings | 22 | €12,735 | €5,238 | -€7,497 | -58.9% |
| Plant, machinery and equipment | 23 | €773,647 | €570,029 | -€203,618 | -26.3% |
| Furniture and vehicles | 24 | €106,382 | €66,521 | -€39,861 | -37.5% |
| Leasing and similar rights | 25 | €782,747 | €592,938 | -€189,809 | -24.2% |
| Financial fixed assets | 28 | €89,116 | €95,952 | +€6,836 | +7.7% |
| Current assets | 29/58 | €3,088,998 | €4,157,636 | +€1.1m | +34.6% |
| Stocks and contracts in progress | 3 | €139,215 | €125,179 | -€14,036 | -10.1% |
| Stocks | 30/36 | €139,215 | €125,179 | -€14,036 | -10.1% |
| Amounts receivable within one year | 40/41 | €1,979,220 | €2,679,321 | +€700,101 | +35.4% |
| Trade receivables | 40 | €1,864,333 | €2,493,593 | +€629,260 | +33.8% |
| Other amounts receivable | 41 | €114,887 | €185,728 | +€70,841 | +61.7% |
| Current investments | 50/53 | €32,843 | €9,892 | -€22,951 | -69.9% |
| Cash at bank and in hand | 54/58 | €877,007 | €1,289,191 | +€412,184 | +47.0% |
| Deferred charges and accrued income | 490/1 | €60,713 | €54,053 | -€6,660 | -11.0% |
| Total equity and liabilities | 10/49 | €4,856,846 | €5,488,950 | +€632,104 | +13.0% |
| Equity | 10/15 | €930,769 | €962,813 | +€32,044 | +3.4% |
| Contributions | 10/11 | €542,600 | €542,600 | = | 0.0% |
| Capital | 10 | €542,600 | €542,600 | = | 0.0% |
| Issued capital | 100 | €542,600 | €542,600 | = | 0.0% |
| Reserves | 13 | €199,602 | €201,664 | +€2,062 | +1.0% |
| Non-distributable reserves | 130/1 | €53,759 | €55,821 | +€2,062 | +3.8% |
| Legal reserve | 130 | €48,623 | €50,685 | +€2,062 | +4.2% |
| Reserves not available under the articles | 1311 | €5,136 | €5,136 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,065 | €82,065 | = | 0.0% |
| Distributable reserves | 133 | €63,778 | €63,778 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,934 | €187,116 | +€39,182 | +26.5% |
| Investment grants | 15 | €40,633 | €31,433 | -€9,200 | -22.6% |
| Amounts payable | 17/49 | €3,926,077 | €4,526,137 | +€600,060 | +15.3% |
| Amounts payable after more than one year | 17 | €1,258,468 | €849,124 | -€409,344 | -32.5% |
| Financial debts | 170/4 | €1,258,468 | €849,124 | -€409,344 | -32.5% |
| Amounts payable within one year | 42/48 | €2,666,530 | €3,676,338 | +€1.0m | +37.9% |
| Current portion of amounts payable after more than one year | 42 | €521,461 | €486,797 | -€34,664 | -6.6% |
| Financial debts | 43 | €684,869 | €662,152 | -€22,717 | -3.3% |
| Other loans | 439 | €684,869 | €662,152 | -€22,717 | -3.3% |
| Trade debts | 44 | €1,236,021 | €2,274,968 | +€1.0m | +84.1% |
| Suppliers | 440/4 | €1,236,021 | €2,274,968 | +€1.0m | +84.1% |
| Advances received on contracts in progress | 46 | €0 | €168,194 | +€168,194 | |
| Taxes, remuneration and social security | 45 | €187,856 | €81,622 | -€106,234 | -56.6% |
| Taxes | 450/3 | €37,257 | €20,678 | -€16,579 | -44.5% |
| Remuneration and social security | 454/9 | €150,599 | €60,944 | -€89,655 | -59.5% |
| Other amounts payable | 47/48 | €36,323 | €2,605 | -€33,718 | -92.8% |
| Accrued charges and deferred income | 492/3 | €1,079 | €675 | -€404 | -37.4% |
| Non-recurring operating income | 76A | €28,000 | €0 | -€28,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,058,187 | €2,124,216 | +€66,029 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486,654 | €514,336 | +€27,682 | +5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €37,500 | +€37,500 | |
| Other operating charges | 640/8 | €29,653 | €32,696 | +€3,043 | +10.3% |
| Non-recurring operating charges | 66A | €16,082 | €0 | -€16,082 | -100.0% |
| Gross operating margin | 9900 | €2,651,748 | €2,849,995 | +€198,247 | +7.5% |
| Operating profit (loss) | 9901 | €61,172 | €141,247 | +€80,075 | +130.9% |
| Financial income | 75/76B | €21,439 | €21,559 | +€120 | +0.6% |
| Recurring financial income | 75 | €21,439 | €21,559 | +€120 | +0.6% |
| Financial charges | 65/66B | €121,393 | €97,215 | -€24,178 | -19.9% |
| Recurring financial charges | 65 | €121,393 | €97,215 | -€24,178 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€38,782 | €65,591 | +€104,373 | |
| Income taxes | 67/77 | €809 | €24,347 | +€23,538 | +2909.5% |
| Profit (loss) for the period | 9904 | -€39,591 | €41,244 | +€80,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,591 | €41,244 | +€80,835 |
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.