Filip DECOSTERE: 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.
Filip DECOSTERE
Largest movements
- Cash +€388,167
up €388,167 (+57.3%), from €677,197 to €1.1m
mainly Net result for the year (+€1.7m) and Short-term financial debts (+€300,000)
- Tangible fixed assets -€277,347
down €277,347 (-32.9%), from €842,010 to €564,663
of which Other tangible fixed assets: -€225,761
- Receivables within one year -€71,196
down €71,196 (-1.7%), from €4.1m to €4.0m
of which Other amounts receivable: -€51,336
- Reserves -€442,780
down €442,780 (-8.2%), from €5.4m to €5.0m
- Short-term financial debts +€300,000
new in 2025: €300,000
- Tax, wage and social debts +€221,622
up €221,622 (+42.7%), from €519,028 to €740,650
- Gross operating margin +€417,614
up €417,614 (+23.3%), from €1.8m to €2.2m
- Taxes +€120,496
up €120,496 (+18.9%), from €637,046 to €757,542
- Financial income +€78,862
up €78,862 (+33.5%), from €235,436 to €314,298
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 | €6,419,978 | €6,490,784 | +€70,805 | +1.1% |
| Fixed assets | 21/28 | €849,560 | €572,213 | -€277,347 | -32.6% |
| Tangible fixed assets | 22/27 | €842,010 | €564,663 | -€277,347 | -32.9% |
| Land and buildings | 22 | €426,163 | €410,146 | -€16,017 | -3.8% |
| Furniture and vehicles | 24 | €170,802 | €135,233 | -€35,569 | -20.8% |
| Other tangible fixed assets | 26 | €245,045 | €19,284 | -€225,761 | -92.1% |
| Financial fixed assets | 28 | €7,550 | €7,550 | = | 0.0% |
| Current assets | 29/58 | €5,570,418 | €5,918,571 | +€348,153 | +6.3% |
| Amounts receivable within one year | 40/41 | €4,081,078 | €4,009,882 | -€71,196 | -1.7% |
| Trade receivables | 40 | €22,576 | €2,715 | -€19,861 | -88.0% |
| Other amounts receivable | 41 | €4,058,502 | €4,007,167 | -€51,336 | -1.3% |
| Current investments | 50/53 | €788,147 | €837,814 | +€49,667 | +6.3% |
| Cash at bank and in hand | 54/58 | €677,197 | €1,065,364 | +€388,167 | +57.3% |
| Deferred charges and accrued income | 490/1 | €23,996 | €5,510 | -€18,486 | -77.0% |
| Total equity and liabilities | 10/49 | €6,419,978 | €6,490,784 | +€70,805 | +1.1% |
| Equity | 10/15 | €5,421,489 | €4,978,709 | -€442,780 | -8.2% |
| Reserves | 13 | €5,421,487 | €4,978,707 | -€442,780 | -8.2% |
| Distributable reserves | 133 | €5,421,487 | €4,978,707 | -€442,780 | -8.2% |
| Profit (loss) carried forward | 14 | €3 | €3 | = | 0.0% |
| Amounts payable | 17/49 | €998,489 | €1,512,075 | +€513,586 | +51.4% |
| Amounts payable within one year | 42/48 | €998,489 | €1,512,075 | +€513,586 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Other loans | 439 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €19,316 | €6,404 | -€12,912 | -66.8% |
| Suppliers | 440/4 | €19,316 | €6,404 | -€12,912 | -66.8% |
| Taxes, remuneration and social security | 45 | €519,028 | €740,650 | +€221,622 | +42.7% |
| Taxes | 450/3 | €519,028 | €740,650 | +€221,622 | +42.7% |
| Other amounts payable | 47/48 | €460,144 | €465,020 | +€4,876 | +1.1% |
| Non-recurring operating income | 76A | €7,500 | €190,629 | +€183,129 | +2,442% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,024 | €62,795 | -€229 | -0.4% |
| Other operating charges | 640/8 | €6,819 | €5,176 | -€1,643 | -24.1% |
| Gross operating margin | 9900 | €1,789,118 | €2,206,731 | +€417,614 | +23.3% |
| Operating profit (loss) | 9901 | €1,719,275 | €2,138,760 | +€419,485 | +24.4% |
| Financial income | 75/76B | €235,436 | €314,298 | +€78,862 | +33.5% |
| Recurring financial income | 75 | €235,436 | €314,298 | +€78,862 | +33.5% |
| Financial charges | 65/66B | €9,024 | €18,307 | +€9,282 | +103% |
| Recurring financial charges | 65 | €9,024 | €18,307 | +€9,282 | +103% |
| Profit (loss) for the period before taxes | 9903 | €1,945,687 | €2,434,751 | +€489,065 | +25.1% |
| Income taxes | 67/77 | €637,046 | €757,542 | +€120,496 | +18.9% |
| Profit (loss) for the period | 9904 | €1,308,641 | €1,677,210 | +€368,569 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,308,641 | €1,677,210 | +€368,569 | +28.2% |
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 21 October 2026 via checked.be.