DECUMAER: 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.
DECUMAER
Largest movements
- Stocks and contracts +€264,532
up €264,532, from €0 to €264,532
- Cash -€175,283
down €175,283 (-59.7%), from €293,746 to €118,463
mainly Stocks and contracts (-€264,532) and Smaller working-capital items (-€143)
- Receivables within one year -€15,049
down €15,049 (-93.4%), from €16,116 to €1,066
of which Trade receivables: -€15,338
- Reserves +€55,355
up €55,355 (+18.4%), from €301,641 to €356,996
- Tax, wage and social debts +€18,576
up €18,576 (+852.1%), from €2,180 to €20,756
- Gross operating margin -€83,473
down €83,473 (-52.1%), from €160,197 to €76,724
- Taxes -€19,424
down €19,424 (-48.3%), from €40,180 to €20,756
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,564 | €384,352 | +€73,788 | +23.8% |
| Fixed assets | 21/28 | €702 | €290 | -€412 | -58.7% |
| Tangible fixed assets | 22/27 | €702 | €290 | -€412 | -58.7% |
| Furniture and vehicles | 24 | €702 | €290 | -€412 | -58.7% |
| Current assets | 29/58 | €309,862 | €384,062 | +€74,200 | +23.9% |
| Stocks and contracts in progress | 3 | €0 | €264,532 | +€264,532 | |
| Stocks | 30/36 | €0 | €264,532 | +€264,532 | |
| Amounts receivable within one year | 40/41 | €16,116 | €1,066 | -€15,049 | -93.4% |
| Trade receivables | 40 | €16,116 | €778 | -€15,338 | -95.2% |
| Other amounts receivable | 41 | - | €289 | +€289 | |
| Cash at bank and in hand | 54/58 | €293,746 | €118,463 | -€175,283 | -59.7% |
| Total equity and liabilities | 10/49 | €310,564 | €384,352 | +€73,788 | +23.8% |
| Equity | 10/15 | €307,841 | €363,196 | +€55,355 | +18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €301,641 | €356,996 | +€55,355 | +18.4% |
| Distributable reserves | 133 | €301,641 | €356,996 | +€55,355 | +18.4% |
| Amounts payable | 17/49 | €2,723 | €21,156 | +€18,433 | +677.0% |
| Amounts payable within one year | 42/48 | €2,723 | €21,156 | +€18,433 | +677.0% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €0 | €400 | +€400 | |
| Suppliers | 440/4 | €0 | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €2,180 | €20,756 | +€18,576 | +852.1% |
| Taxes | 450/3 | €2,180 | €20,756 | +€18,576 | +852.1% |
| Other amounts payable | 47/48 | €543 | €0 | -€543 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412 | €412 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €160,197 | €76,724 | -€83,473 | -52.1% |
| Operating profit (loss) | 9901 | €159,659 | €76,184 | -€83,475 | -52.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €159,585 | €76,111 | -€83,474 | -52.3% |
| Income taxes | 67/77 | €40,180 | €20,756 | -€19,424 | -48.3% |
| Profit (loss) for the period | 9904 | €119,405 | €55,355 | -€64,050 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €119,405 | €55,355 | -€64,050 | -53.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.