DECULENAIRE PATRICK: 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.
DECULENAIRE PATRICK
Largest movements
- Cash +€54,620
up €54,620 (+21.6%), from €252,641 to €307,261
mainly Net result for the year (+€52,800) and Stocks and contracts (+€10,728)
- Receivables within one year +€15,842
up €15,842 (+486%), from €3,262 to €19,104
of which Other amounts receivable: +€11,651
- Stocks and contracts -€10,728
down €10,728 (-55.1%), from €19,464 to €8,736
- Reserves +€91,521
up €91,521 (+36.4%), from €251,266 to €342,787
- Profit (loss) carried forward -€38,721
down €38,721 (-93.3%), from €41,521 to €2,800
- Tax, wage and social debts +€4,502
up €4,502 (+196%), from €2,299 to €6,801
of which Taxes: +€4,107
- Turnover -€17,450
down €17,450 (-4.9%), from €354,890 to €337,439
- Gross operating margin -€15,961
down €15,961 (-10.5%), from €151,479 to €135,518
- Taxes +€10,079
up €10,079 (+78.8%), from €12,787 to €22,866
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 | €321,363 | €377,428 | +€56,065 | +17.4% |
| Fixed assets | 21/28 | €38,785 | €37,479 | -€1,306 | -3.4% |
| Tangible fixed assets | 22/27 | €38,605 | €37,299 | -€1,306 | -3.4% |
| Land and buildings | 22 | €36,000 | €34,616 | -€1,384 | -3.8% |
| Plant, machinery and equipment | 23 | €453 | €980 | +€527 | +116% |
| Furniture and vehicles | 24 | €2,152 | €1,703 | -€449 | -20.9% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €282,578 | €339,949 | +€57,371 | +20.3% |
| Amounts receivable after more than one year | 29 | €2,620 | - | -€2,620 | |
| Other amounts receivable | 291 | €2,620 | - | -€2,620 | |
| Stocks and contracts in progress | 3 | €19,464 | €8,736 | -€10,728 | -55.1% |
| Stocks | 30/36 | €19,464 | €8,736 | -€10,728 | -55.1% |
| Amounts receivable within one year | 40/41 | €3,262 | €19,104 | +€15,842 | +486% |
| Trade receivables | 40 | €2,779 | €6,970 | +€4,191 | +151% |
| Other amounts receivable | 41 | €483 | €12,134 | +€11,651 | +2,413% |
| Cash at bank and in hand | 54/58 | €252,641 | €307,261 | +€54,620 | +21.6% |
| Deferred charges and accrued income | 490/1 | €4,592 | €4,848 | +€256 | +5.6% |
| Total equity and liabilities | 10/49 | €321,363 | €377,428 | +€56,065 | +17.4% |
| Equity | 10/15 | €311,387 | €364,186 | +€52,800 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,266 | €342,787 | +€91,521 | +36.4% |
| Distributable reserves | 133 | €251,266 | €342,787 | +€91,521 | +36.4% |
| Profit (loss) carried forward | 14 | €41,521 | €2,800 | -€38,721 | -93.3% |
| Amounts payable | 17/49 | €9,977 | €13,242 | +€3,265 | +32.7% |
| Amounts payable within one year | 42/48 | €9,977 | €13,242 | +€3,265 | +32.7% |
| Trade debts | 44 | €7,678 | €6,270 | -€1,408 | -18.3% |
| Suppliers | 440/4 | €7,678 | €6,270 | -€1,408 | -18.3% |
| Taxes, remuneration and social security | 45 | €2,299 | €6,801 | +€4,502 | +196% |
| Taxes | 450/3 | - | €4,107 | +€4,107 | |
| Remuneration and social security | 454/9 | €2,299 | €2,694 | +€395 | +17.2% |
| Other amounts payable | 47/48 | - | €171 | +€171 | |
| Turnover | 70 | €354,890 | €337,439 | -€17,450 | -4.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €203,410 | €201,921 | -€1,489 | -0.7% |
| Remuneration, social security and pensions | 62 | €50,860 | €53,482 | +€2,622 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,906 | €5,580 | +€674 | +13.7% |
| Other operating charges | 640/8 | €1,435 | €752 | -€683 | -47.6% |
| Gross operating margin | 9900 | €151,479 | €135,518 | -€15,961 | -10.5% |
| Operating profit (loss) | 9901 | €94,278 | €75,705 | -€18,573 | -19.7% |
| Financial income | 75/76B | €70 | €3 | -€67 | -95.4% |
| Recurring financial income | 75 | €70 | €3 | -€67 | -95.4% |
| Financial charges | 65/66B | €40 | €42 | +€2 | +4.4% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €94,308 | €75,666 | -€18,642 | -19.8% |
| Income taxes | 67/77 | €12,787 | €22,866 | +€10,079 | +78.8% |
| Profit (loss) for the period | 9904 | €81,521 | €52,800 | -€28,721 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,521 | €52,800 | -€28,721 | -35.2% |
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 14 October 2026 via checked.be.