DECULEM: 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.
DECULEM
Largest movements
- Tangible fixed assets -€10,267
down €10,267 (-6.6%), from €155,072 to €144,804
of which Land and buildings: -€6,420
- Cash +€4,168
up €4,168 (+16.7%), from €24,972 to €29,140
mainly Depreciation (+€10,267) and Net result for the year (+€8,925)
- Deferred charges and accrued income +€3,609
up €3,609 (+402%), from €898 to €4,507
- Debts after one year -€11,699
down €11,699 (-10.9%), from €106,976 to €95,278
- Reserves +€8,925
up €8,925 (+20.4%), from €43,837 to €52,761
- Gross operating margin -€2,329
down €2,329 (-7.8%), from €29,829 to €27,500
- Taxes -€717
down €717 (-14.7%), from €4,882 to €4,165
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 | €182,638 | €180,599 | -€2,039 | -1.1% |
| Fixed assets | 21/28 | €155,072 | €144,804 | -€10,267 | -6.6% |
| Tangible fixed assets | 22/27 | €155,072 | €144,804 | -€10,267 | -6.6% |
| Land and buildings | 22 | €143,124 | €136,704 | -€6,420 | -4.5% |
| Plant, machinery and equipment | 23 | €4,569 | €2,784 | -€1,785 | -39.1% |
| Furniture and vehicles | 24 | €6,092 | €4,352 | -€1,740 | -28.6% |
| Other tangible fixed assets | 26 | €1,287 | €964 | -€322 | -25.1% |
| Current assets | 29/58 | €27,567 | €35,795 | +€8,228 | +29.8% |
| Stocks and contracts in progress | 3 | €1,578 | €1,194 | -€384 | -24.3% |
| Stocks | 30/36 | €1,578 | €1,194 | -€384 | -24.3% |
| Amounts receivable within one year | 40/41 | €118 | €953 | +€835 | +709% |
| Other amounts receivable | 41 | €118 | €953 | +€835 | +709% |
| Cash at bank and in hand | 54/58 | €24,972 | €29,140 | +€4,168 | +16.7% |
| Deferred charges and accrued income | 490/1 | €898 | €4,507 | +€3,609 | +402% |
| Total equity and liabilities | 10/49 | €182,638 | €180,599 | -€2,039 | -1.1% |
| Equity | 10/15 | €62,737 | €71,662 | +€8,925 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €43,837 | €52,761 | +€8,925 | +20.4% |
| Distributable reserves | 133 | €43,837 | €52,761 | +€8,925 | +20.4% |
| Profit (loss) carried forward | 14 | -€1,099 | -€1,099 | = | 0.0% |
| Amounts payable | 17/49 | €119,901 | €108,937 | -€10,964 | -9.1% |
| Amounts payable after more than one year | 17 | €106,976 | €95,278 | -€11,699 | -10.9% |
| Financial debts | 170/4 | €106,976 | €95,278 | -€11,699 | -10.9% |
| Amounts payable within one year | 42/48 | €12,925 | €13,659 | +€735 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €11,507 | €11,699 | +€191 | +1.7% |
| Trade debts | 44 | €318 | €34 | -€284 | -89.3% |
| Suppliers | 440/4 | €318 | €34 | -€284 | -89.3% |
| Taxes, remuneration and social security | 45 | €811 | €1,638 | +€827 | +102% |
| Taxes | 450/3 | €811 | €1,638 | +€827 | +102% |
| Other amounts payable | 47/48 | €289 | €289 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,224 | €10,267 | +€44 | +0.4% |
| Other operating charges | 640/8 | €2,047 | €2,107 | +€60 | +2.9% |
| Gross operating margin | 9900 | €29,829 | €27,500 | -€2,329 | -7.8% |
| Operating profit (loss) | 9901 | €17,558 | €15,125 | -€2,433 | -13.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,248 | €2,037 | -€212 | -9.4% |
| Recurring financial charges | 65 | €2,248 | €2,037 | -€212 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €15,310 | €13,090 | -€2,221 | -14.5% |
| Income taxes | 67/77 | €4,882 | €4,165 | -€717 | -14.7% |
| Profit (loss) for the period | 9904 | €10,428 | €8,925 | -€1,503 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,428 | €8,925 | -€1,503 | -14.4% |
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 20 October 2026 via checked.be.