Dr. Decadt G: 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.
Dr. Decadt G
Largest movements
- Current investments +€105,000
up €105,000 (+84.0%), from €125,000 to €230,000
- Tangible fixed assets -€62,119
down €62,119 (-15.4%), from €403,685 to €341,566
of which Furniture and vehicles: -€51,501
- Receivables within one year +€29,859
up €29,859 (+106%), from €28,135 to €57,994
of which Other amounts receivable: +€27,840
- Cash +€12,180
up €12,180 (+14.5%), from €83,740 to €95,920
mainly Net result for the year (+€127,776) and Investment in fixed assets (net) (+€34,942)
- Reserves +€127,776
up €127,776 (+24.2%), from €528,639 to €656,416
of which Distributable reserves: +€127,776
- Current portion of long-term debt -€22,640
down €22,640 (-52.6%), from €43,026 to €20,386
- Debts after one year -€20,386
down €20,386 (-57.8%), from €35,251 to €14,866
- Gross operating margin +€62,640
up €62,640 (+38.4%), from €163,332 to €225,971
- Taxes +€19,064
up €19,064 (+44.2%), from €43,133 to €62,197
- Depreciation -€9,484
down €9,484 (-26.6%), from €35,702 to €26,218
- Financial income -€4,735
down €4,735 (-59.7%), from €7,935 to €3,199
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 | €640,740 | €726,440 | +€85,700 | +13.4% |
| Fixed assets | 21/28 | €403,685 | €342,526 | -€61,159 | -15.2% |
| Tangible fixed assets | 22/27 | €403,685 | €341,566 | -€62,119 | -15.4% |
| Land and buildings | 22 | €306,791 | €298,743 | -€8,048 | -2.6% |
| Plant, machinery and equipment | 23 | €7,641 | €5,071 | -€2,570 | -33.6% |
| Furniture and vehicles | 24 | €89,253 | €37,752 | -€51,501 | -57.7% |
| Financial fixed assets | 28 | - | €960 | +€960 | |
| Current assets | 29/58 | €237,055 | €383,914 | +€146,859 | +62.0% |
| Amounts receivable within one year | 40/41 | €28,135 | €57,994 | +€29,859 | +106% |
| Trade receivables | 40 | - | €2,018 | +€2,018 | |
| Other amounts receivable | 41 | €28,135 | €55,975 | +€27,840 | +99.0% |
| Current investments | 50/53 | €125,000 | €230,000 | +€105,000 | +84.0% |
| Cash at bank and in hand | 54/58 | €83,740 | €95,920 | +€12,180 | +14.5% |
| Deferred charges and accrued income | 490/1 | €180 | - | -€180 | |
| Total equity and liabilities | 10/49 | €640,740 | €726,440 | +€85,700 | +13.4% |
| Equity | 10/15 | €541,039 | €668,816 | +€127,776 | +23.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €528,639 | €656,416 | +€127,776 | +24.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €526,779 | €654,556 | +€127,776 | +24.3% |
| Amounts payable | 17/49 | €99,700 | €57,624 | -€42,077 | -42.2% |
| Amounts payable after more than one year | 17 | €35,251 | €14,866 | -€20,386 | -57.8% |
| Financial debts | 170/4 | €35,251 | €14,866 | -€20,386 | -57.8% |
| Amounts payable within one year | 42/48 | €64,449 | €42,758 | -€21,691 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €43,026 | €20,386 | -€22,640 | -52.6% |
| Trade debts | 44 | €196 | €175 | -€20 | -10.4% |
| Suppliers | 440/4 | €196 | €175 | -€20 | -10.4% |
| Taxes, remuneration and social security | 45 | €21,228 | €22,197 | +€969 | +4.6% |
| Taxes | 450/3 | €21,228 | €22,197 | +€969 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,702 | €26,218 | -€9,484 | -26.6% |
| Other operating charges | 640/8 | €3,089 | €2,633 | -€455 | -14.7% |
| Non-recurring operating charges | 66A | - | €7,611 | +€7,611 | |
| Gross operating margin | 9900 | €163,332 | €225,971 | +€62,640 | +38.4% |
| Operating profit (loss) | 9901 | €124,541 | €189,509 | +€64,968 | +52.2% |
| Financial income | 75/76B | €7,935 | €3,199 | -€4,735 | -59.7% |
| Recurring financial income | 75 | €7,935 | €3,199 | -€4,735 | -59.7% |
| Financial charges | 65/66B | €3,368 | €2,735 | -€633 | -18.8% |
| Recurring financial charges | 65 | €3,368 | €2,735 | -€633 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €129,108 | €189,973 | +€60,866 | +47.1% |
| Income taxes | 67/77 | €43,133 | €62,197 | +€19,064 | +44.2% |
| Profit (loss) for the period | 9904 | €85,975 | €127,776 | +€41,802 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,975 | €127,776 | +€41,802 | +48.6% |
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 17 October 2026 via checked.be.