Dr. Decoene Hanne: 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. Decoene Hanne
Largest movements
- Cash -€45,350
down €45,350 (-62.7%), from €72,336 to €26,986
mainly Contributions, distributions and other (-€134,756) and Tax, wage and social debts (-€16,007)
- Reserves -€76,213
no longer reported in 2025 (was €76,213)
- Other debts +€47,125
up €47,125 (+3,926%), from €1,200 to €48,326
- Tax, wage and social debts -€16,007
down €16,007 (-80.8%), from €19,803 to €3,796
- Gross operating margin +€26,630
up €26,630 (+48.4%), from €55,047 to €81,677
- Taxes +€5,263
up €5,263 (+52.6%), from €10,001 to €15,264
- Depreciation +€1,279
up €1,279 (+23.3%), from €5,481 to €6,760
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 | €100,041 | €54,957 | -€45,084 | -45.1% |
| Fixed assets | 21/28 | €13,308 | €12,786 | -€522 | -3.9% |
| Tangible fixed assets | 22/27 | €13,308 | €12,786 | -€522 | -3.9% |
| Plant, machinery and equipment | 23 | €397 | €4,927 | +€4,530 | +1,141% |
| Furniture and vehicles | 24 | €12,911 | €7,859 | -€5,052 | -39.1% |
| Current assets | 29/58 | €86,733 | €42,171 | -€44,562 | -51.4% |
| Current investments | 50/53 | - | €750 | +€750 | |
| Cash at bank and in hand | 54/58 | €72,336 | €26,986 | -€45,350 | -62.7% |
| Deferred charges and accrued income | 490/1 | €14,397 | €14,435 | +€38 | +0.3% |
| Total equity and liabilities | 10/49 | €100,041 | €54,957 | -€45,084 | -45.1% |
| Equity | 10/15 | €78,713 | €2,500 | -€76,213 | -96.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €76,213 | - | -€76,213 | |
| Distributable reserves | 133 | €76,213 | - | -€76,213 | |
| Amounts payable | 17/49 | €21,329 | €52,457 | +€31,128 | +146% |
| Amounts payable within one year | 42/48 | €21,329 | €52,457 | +€31,128 | +146% |
| Trade debts | 44 | €325 | €335 | +€10 | +3.2% |
| Suppliers | 440/4 | €325 | €335 | +€10 | +3.2% |
| Taxes, remuneration and social security | 45 | €19,803 | €3,796 | -€16,007 | -80.8% |
| Taxes | 450/3 | €19,803 | €3,796 | -€16,007 | -80.8% |
| Other amounts payable | 47/48 | €1,200 | €48,326 | +€47,125 | +3,926% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,481 | €6,760 | +€1,279 | +23.3% |
| Other operating charges | 640/8 | €254 | €610 | +€355 | +140% |
| Gross operating margin | 9900 | €55,047 | €81,677 | +€26,630 | +48.4% |
| Operating profit (loss) | 9901 | €49,312 | €74,308 | +€24,996 | +50.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €456 | €500 | +€44 | +9.6% |
| Recurring financial charges | 65 | €456 | €500 | +€44 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €48,856 | €73,808 | +€24,952 | +51.1% |
| Income taxes | 67/77 | €10,001 | €15,264 | +€5,263 | +52.6% |
| Profit (loss) for the period | 9904 | €38,855 | €58,544 | +€19,689 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,855 | €58,544 | +€19,689 | +50.7% |
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 28 October 2026 via checked.be.