Dekeubo: 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.
Dekeubo
Largest movements
- Receivables within one year +€86,005
up €86,005 (+18.0%), from €478,533 to €564,538
of which Other amounts receivable: +€86,743
- Tangible fixed assets -€75,269
down €75,269 (-12.4%), from €606,228 to €530,959
of which Land and buildings: -€49,977
- Cash -€25,317
down €25,317 (-8.1%), from €312,381 to €287,064
mainly Receivables within one year (-€86,005) and Debts after one year (-€38,234)
- Profit (loss) carried forward +€62,755
up €62,755 (+39.4%), from €159,230 to €221,985
- Debts after one year -€38,234
down €38,234 (-26.6%), from €143,605 to €105,370
- Reserves -€16,303
down €16,303 (-2.0%), from €828,842 to €812,539
of which Tax-exempt reserves: -€16,303
- Trade debts -€16,143
down €16,143 (-37.0%), from €43,609 to €27,466
- Staff costs -€12,964
no longer reported in 2025 (was €12,964)
- Gross operating margin -€6,489
down €6,489 (-4.2%), from €155,480 to €148,991
- Depreciation +€5,778
up €5,778 (+6.8%), from €84,991 to €90,769
- Taxes -€2,200
down €2,200 (-17.4%), from €12,611 to €10,412
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 | €1,410,189 | €1,397,064 | -€13,126 | -0.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €606,228 | €530,959 | -€75,269 | -12.4% |
| Tangible fixed assets | 22/27 | €606,228 | €530,959 | -€75,269 | -12.4% |
| Land and buildings | 22 | €474,989 | €425,012 | -€49,977 | -10.5% |
| Plant, machinery and equipment | 23 | €52,775 | €42,381 | -€10,394 | -19.7% |
| Furniture and vehicles | 24 | €78,464 | €63,566 | -€14,898 | -19.0% |
| Current assets | 29/58 | €803,961 | €866,105 | +€62,144 | +7.7% |
| Stocks and contracts in progress | 3 | €13,047 | €14,502 | +€1,455 | +11.2% |
| Stocks | 30/36 | €13,047 | €14,502 | +€1,455 | +11.2% |
| Amounts receivable within one year | 40/41 | €478,533 | €564,538 | +€86,005 | +18.0% |
| Trade receivables | 40 | €3,115 | €2,377 | -€738 | -23.7% |
| Other amounts receivable | 41 | €475,418 | €562,161 | +€86,743 | +18.2% |
| Cash at bank and in hand | 54/58 | €312,381 | €287,064 | -€25,317 | -8.1% |
| Total equity and liabilities | 10/49 | €1,410,189 | €1,397,064 | -€13,126 | -0.9% |
| Equity | 10/15 | €1,040,072 | €1,086,524 | +€46,451 | +4.5% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Reserves | 13 | €828,842 | €812,539 | -€16,303 | -2.0% |
| Tax-exempt reserves | 132 | €531,584 | €515,281 | -€16,303 | -3.1% |
| Distributable reserves | 133 | €297,258 | €297,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,230 | €221,985 | +€62,755 | +39.4% |
| Provisions and deferred taxes | 16 | €169,904 | €164,470 | -€5,434 | -3.2% |
| Deferred taxes | 168 | €169,904 | €164,470 | -€5,434 | -3.2% |
| Amounts payable | 17/49 | €200,213 | €146,070 | -€54,143 | -27.0% |
| Amounts payable after more than one year | 17 | €143,605 | €105,370 | -€38,234 | -26.6% |
| Financial debts | 170/4 | €143,605 | €105,370 | -€38,234 | -26.6% |
| Amounts payable within one year | 42/48 | €56,608 | €40,700 | -€15,908 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €13,000 | €13,234 | +€235 | +1.8% |
| Trade debts | 44 | €43,609 | €27,466 | -€16,143 | -37.0% |
| Suppliers | 440/4 | €43,609 | €27,466 | -€16,143 | -37.0% |
| Non-recurring operating income | 76A | - | €3,718 | +€3,718 | |
| Remuneration, social security and pensions | 62 | €12,964 | - | -€12,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,991 | €90,769 | +€5,778 | +6.8% |
| Other operating charges | 640/8 | €4,586 | €4,650 | +€64 | +1.4% |
| Gross operating margin | 9900 | €155,480 | €148,991 | -€6,489 | -4.2% |
| Operating profit (loss) | 9901 | €52,940 | €53,572 | +€632 | +1.2% |
| Financial income | 75/76B | €588 | €92 | -€496 | -84.4% |
| Recurring financial income | 75 | €588 | €92 | -€496 | -84.4% |
| Financial charges | 65/66B | €3,413 | €2,235 | -€1,178 | -34.5% |
| Recurring financial charges | 65 | €3,413 | €2,235 | -€1,178 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €50,115 | €51,429 | +€1,314 | +2.6% |
| Transfer from deferred taxes | 780 | €5,434 | €5,434 | = | 0.0% |
| Income taxes | 67/77 | €12,611 | €10,412 | -€2,200 | -17.4% |
| Profit (loss) for the period | 9904 | €42,938 | €46,451 | +€3,513 | +8.2% |
| Transfer from tax-exempt reserves | 789 | €16,303 | €16,303 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,241 | €62,755 | +€3,513 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.