DekoFin: 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.
DekoFin
Largest movements
- Financial fixed assets +€378,790
up €378,790 (+81.6%), from €464,369 to €843,159
- Receivables within one year +€273,662
up €273,662 (+34.6%), from €789,878 to €1.1m
of which Trade receivables: +€287,700
- Cash +€116,884
up €116,884 (+205.5%), from €56,884 to €173,768
mainly Net result for the year (+€701,262) and Other debts (+€499,485)
- Tangible fixed assets +€39,432
up €39,432 (+294.0%), from €13,411 to €52,843
of which Land and buildings: +€32,500
- Other debts +€499,485
up €499,485 (+2986.1%), from €16,727 to €516,212
- Debts after one year -€241,230
down €241,230 (-72.7%), from €331,891 to €90,661
- Current portion of long-term debt +€201,490
up €201,490 (+278.9%), from €72,240 to €273,730
- Reserves +€201,262
up €201,262 (+27.6%), from €730,256 to €931,518
- Tax, wage and social debts +€87,610
up €87,610 (+81.4%), from €107,670 to €195,280
- Gross operating margin +€270,706
up €270,706 (+41.0%), from €659,818 to €930,524
- Taxes +€74,274
up €74,274 (+44.9%), from €165,290 to €239,564
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 | €1,325,682 | €2,136,842 | +€811,160 | +61.2% |
| Fixed assets | 21/28 | €477,779 | €896,001 | +€418,222 | +87.5% |
| Tangible fixed assets | 22/27 | €13,411 | €52,843 | +€39,432 | +294.0% |
| Land and buildings | 22 | - | €32,500 | +€32,500 | |
| Plant, machinery and equipment | 23 | €1,055 | €648 | -€408 | -38.6% |
| Furniture and vehicles | 24 | €12,355 | €15,615 | +€3,259 | +26.4% |
| Other tangible fixed assets | 26 | - | €4,080 | +€4,080 | |
| Financial fixed assets | 28 | €464,369 | €843,159 | +€378,790 | +81.6% |
| Current assets | 29/58 | €847,903 | €1,240,841 | +€392,938 | +46.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €789,878 | €1,063,540 | +€273,662 | +34.6% |
| Trade receivables | 40 | €559,005 | €846,705 | +€287,700 | +51.5% |
| Other amounts receivable | 41 | €230,873 | €216,835 | -€14,038 | -6.1% |
| Current investments | 50/53 | - | €2,196 | +€2,196 | |
| Cash at bank and in hand | 54/58 | €56,884 | €173,768 | +€116,884 | +205.5% |
| Deferred charges and accrued income | 490/1 | €1,141 | €1,337 | +€196 | +17.1% |
| Total equity and liabilities | 10/49 | €1,325,682 | €2,136,842 | +€811,160 | +61.2% |
| Equity | 10/15 | €735,256 | €936,518 | +€201,262 | +27.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €730,256 | €931,518 | +€201,262 | +27.6% |
| Distributable reserves | 133 | €730,256 | €931,518 | +€201,262 | +27.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €590,426 | €1,200,324 | +€609,898 | +103.3% |
| Amounts payable after more than one year | 17 | €331,891 | €90,661 | -€241,230 | -72.7% |
| Financial debts | 170/4 | €331,891 | €90,661 | -€241,230 | -72.7% |
| Amounts payable within one year | 42/48 | €258,535 | €1,109,663 | +€851,128 | +329.2% |
| Current portion of amounts payable after more than one year | 42 | €72,240 | €273,730 | +€201,490 | +278.9% |
| Financial debts | 43 | €51,771 | €112,017 | +€60,246 | +116.4% |
| Credit institutions | 430/8 | €51,771 | €112,017 | +€60,246 | +116.4% |
| Trade debts | 44 | €10,127 | €12,425 | +€2,298 | +22.7% |
| Suppliers | 440/4 | €10,127 | €12,425 | +€2,298 | +22.7% |
| Taxes, remuneration and social security | 45 | €107,670 | €195,280 | +€87,610 | +81.4% |
| Taxes | 450/3 | €107,670 | €195,280 | +€87,610 | +81.4% |
| Other amounts payable | 47/48 | €16,727 | €516,212 | +€499,485 | +2986.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €6,210 | +€6,003 | +2891.7% |
| Other operating charges | 640/8 | €906 | €1,340 | +€434 | +48.0% |
| Gross operating margin | 9900 | €659,818 | €930,524 | +€270,706 | +41.0% |
| Operating profit (loss) | 9901 | €658,704 | €922,974 | +€264,269 | +40.1% |
| Financial income | 75/76B | €37,271 | €40,501 | +€3,231 | +8.7% |
| Recurring financial income | 75 | €37,271 | €40,501 | +€3,231 | +8.7% |
| Financial charges | 65/66B | €20,668 | €22,649 | +€1,981 | +9.6% |
| Recurring financial charges | 65 | €20,668 | €22,649 | +€1,981 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €675,307 | €940,825 | +€265,519 | +39.3% |
| Income taxes | 67/77 | €165,290 | €239,564 | +€74,274 | +44.9% |
| Profit (loss) for the period | 9904 | €510,017 | €701,262 | +€191,245 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €510,017 | €701,262 | +€191,245 | +37.5% |
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 12 October 2026 via checked.be.