DECUYPER: 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.
DECUYPER
Largest movements
- Stocks and contracts -€853,346
down €853,346 (-25.9%), from €3.3m to €2.4m
- Tangible fixed assets +€299,533
up €299,533 (+38.7%), from €774,085 to €1.1m
of which Land and buildings: +€234,540
- Cash +€80,782
up €80,782 (+34.7%), from €233,094 to €313,876
mainly Stocks and contracts (+€853,346) and Short-term financial debts (+€260,000)
- Trade debts -€1.1m
down €1.1m (-36.0%), from €3.0m to €1.9m
- Short-term financial debts +€260,000
up €260,000 (+51.0%), from €510,000 to €770,000
of which Credit institutions: +€260,000
- Debts after one year +€248,141
up €248,141 (+227.3%), from €109,181 to €357,322
of which Financial debts: +€248,141
- Gross operating margin -€40,949
down €40,949 (-5.7%), from €724,153 to €683,204
- Write-downs -€25,107
down €25,107 (-49.7%), from €50,482 to €25,375
- Staff costs +€24,293
up €24,293 (+6.5%), from €376,110 to €400,403
- Financial charges +€21,069
up €21,069 (+17.4%), from €121,172 to €142,241
- Depreciation +€18,287
up €18,287 (+22.3%), from €81,938 to €100,225
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 | €4,663,634 | €4,169,268 | -€494,366 | -10.6% |
| Fixed assets | 21/28 | €802,235 | €1,101,768 | +€299,533 | +37.3% |
| Tangible fixed assets | 22/27 | €774,085 | €1,073,618 | +€299,533 | +38.7% |
| Land and buildings | 22 | €541,168 | €775,708 | +€234,540 | +43.3% |
| Plant, machinery and equipment | 23 | €112,405 | €118,460 | +€6,055 | +5.4% |
| Furniture and vehicles | 24 | €120,512 | €83,099 | -€37,413 | -31.0% |
| Leasing and similar rights | 25 | - | €96,351 | +€96,351 | |
| Financial fixed assets | 28 | €28,150 | €28,150 | = | 0.0% |
| Current assets | 29/58 | €3,861,399 | €3,067,500 | -€793,899 | -20.6% |
| Stocks and contracts in progress | 3 | €3,297,418 | €2,444,072 | -€853,346 | -25.9% |
| Stocks | 30/36 | €3,297,418 | €2,444,072 | -€853,346 | -25.9% |
| Amounts receivable within one year | 40/41 | €315,928 | €283,713 | -€32,215 | -10.2% |
| Trade receivables | 40 | €315,928 | €273,259 | -€42,669 | -13.5% |
| Other amounts receivable | 41 | - | €10,454 | +€10,454 | |
| Cash at bank and in hand | 54/58 | €233,094 | €313,876 | +€80,782 | +34.7% |
| Deferred charges and accrued income | 490/1 | €14,959 | €25,839 | +€10,880 | +72.7% |
| Total equity and liabilities | 10/49 | €4,663,634 | €4,169,268 | -€494,366 | -10.6% |
| Equity | 10/15 | €738,802 | €746,369 | +€7,567 | +1.0% |
| Contributions | 10/11 | €475,000 | €475,000 | = | 0.0% |
| Capital | 10 | €475,000 | €475,000 | = | 0.0% |
| Issued capital | 100 | €475,000 | €475,000 | = | 0.0% |
| Reserves | 13 | €263,802 | €271,369 | +€7,567 | +2.9% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,492 | €38,492 | = | 0.0% |
| Distributable reserves | 133 | €200,521 | €208,088 | +€7,567 | +3.8% |
| Amounts payable | 17/49 | €3,924,832 | €3,422,899 | -€501,933 | -12.8% |
| Amounts payable after more than one year | 17 | €109,181 | €357,322 | +€248,141 | +227.3% |
| Financial debts | 170/4 | €108,806 | €356,947 | +€248,141 | +228.1% |
| Other amounts payable | 178/9 | €375 | €375 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,807,107 | €3,059,175 | -€747,932 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €29,572 | €61,896 | +€32,324 | +109.3% |
| Financial debts | 43 | €510,000 | €770,000 | +€260,000 | +51.0% |
| Credit institutions | 430/8 | €500,000 | €760,000 | +€260,000 | +52.0% |
| Other loans | 439 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €2,992,617 | €1,915,907 | -€1.1m | -36.0% |
| Suppliers | 440/4 | €2,992,617 | €1,915,907 | -€1.1m | -36.0% |
| Taxes, remuneration and social security | 45 | €250,774 | €290,260 | +€39,486 | +15.7% |
| Taxes | 450/3 | €189,124 | €222,924 | +€33,800 | +17.9% |
| Remuneration and social security | 454/9 | €61,650 | €67,336 | +€5,686 | +9.2% |
| Other amounts payable | 47/48 | €24,144 | €21,112 | -€3,032 | -12.6% |
| Accrued charges and deferred income | 492/3 | €8,544 | €6,402 | -€2,142 | -25.1% |
| Remuneration, social security and pensions | 62 | €376,110 | €400,403 | +€24,293 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,938 | €100,225 | +€18,287 | +22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,482 | €25,375 | -€25,107 | -49.7% |
| Other operating charges | 640/8 | €18,396 | €15,075 | -€3,321 | -18.1% |
| Gross operating margin | 9900 | €724,153 | €683,204 | -€40,949 | -5.7% |
| Operating profit (loss) | 9901 | €197,227 | €142,126 | -€55,101 | -27.9% |
| Financial income | 75/76B | €22,444 | €29,467 | +€7,023 | +31.3% |
| Recurring financial income | 75 | €22,444 | €29,467 | +€7,023 | +31.3% |
| Financial charges | 65/66B | €121,172 | €142,241 | +€21,069 | +17.4% |
| Recurring financial charges | 65 | €121,172 | €142,241 | +€21,069 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €98,499 | €29,352 | -€69,147 | -70.2% |
| Income taxes | 67/77 | €32,342 | €21,784 | -€10,558 | -32.6% |
| Profit (loss) for the period | 9904 | €66,157 | €7,568 | -€58,589 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,157 | €7,568 | -€58,589 | -88.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.