FRANCOIS DECOEUR: 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.
FRANCOIS DECOEUR
Largest movements
- Cash -€34,183
down €34,183 (-62.2%), from €54,999 to €20,816
mainly Other debts (-€26,568) and Debts after one year (-€21,077)
- Tangible fixed assets -€20,774
down €20,774 (-15.4%), from €134,509 to €113,735
of which Leasing and similar rights: -€18,917
- Receivables within one year +€11,691
up €11,691 (+70.3%), from €16,622 to €28,313
of which Other amounts receivable: +€14,951
- Stocks and contracts +€11,680
new in 2025: €11,680
- Deferred charges and accrued income +€4,170
up €4,170 (+85,448%), from €5 to €4,175
- Profit (loss) carried forward +€33,249
up €33,249 (+66.9%), from €49,724 to €82,972
- Other debts -€26,568
down €26,568 (-41.2%), from €64,560 to €37,992
- Debts after one year -€21,077
down €21,077 (-51.1%), from €41,282 to €20,205
- Tax, wage and social debts -€10,591
down €10,591 (-58.7%), from €18,048 to €7,457
of which Taxes: -€8,584
- Trade debts -€6,562
down €6,562 (-90.3%), from €7,267 to €705
- Staff costs +€26,230
up €26,230 (+86.9%), from €30,185 to €56,415
- Taxes -€10,618
down €10,618 (-66.3%), from €16,010 to €5,392
- Gross operating margin -€5,464
down €5,464 (-3.7%), from €148,450 to €142,986
- Depreciation -€1,660
down €1,660 (-3.8%), from €43,141 to €41,481
- Other operating charges -€1,520
down €1,520 (-52.4%), from €2,902 to €1,382
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 | €206,135 | €178,718 | -€27,416 | -13.3% |
| Fixed assets | 21/28 | €134,509 | €113,735 | -€20,774 | -15.4% |
| Tangible fixed assets | 22/27 | €134,509 | €113,735 | -€20,774 | -15.4% |
| Plant, machinery and equipment | 23 | €5,988 | €2,655 | -€3,333 | -55.7% |
| Furniture and vehicles | 24 | €53,219 | €54,695 | +€1,476 | +2.8% |
| Leasing and similar rights | 25 | €75,302 | €56,385 | -€18,917 | -25.1% |
| Current assets | 29/58 | €71,626 | €64,984 | -€6,642 | -9.3% |
| Stocks and contracts in progress | 3 | - | €11,680 | +€11,680 | |
| Contracts in progress | 37 | - | €11,680 | +€11,680 | |
| Amounts receivable within one year | 40/41 | €16,622 | €28,313 | +€11,691 | +70.3% |
| Trade receivables | 40 | €14,894 | €11,633 | -€3,261 | -21.9% |
| Other amounts receivable | 41 | €1,728 | €16,679 | +€14,951 | +865% |
| Cash at bank and in hand | 54/58 | €54,999 | €20,816 | -€34,183 | -62.2% |
| Deferred charges and accrued income | 490/1 | €5 | €4,175 | +€4,170 | +85,448% |
| Total equity and liabilities | 10/49 | €206,135 | €178,718 | -€27,416 | -13.3% |
| Equity | 10/15 | €54,724 | €87,972 | +€33,249 | +60.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,724 | €82,972 | +€33,249 | +66.9% |
| Amounts payable | 17/49 | €151,411 | €90,746 | -€60,665 | -40.1% |
| Amounts payable after more than one year | 17 | €41,282 | €20,205 | -€21,077 | -51.1% |
| Financial debts | 170/4 | €41,282 | €20,205 | -€21,077 | -51.1% |
| Amounts payable within one year | 42/48 | €110,129 | €67,536 | -€42,594 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €20,255 | €21,382 | +€1,127 | +5.6% |
| Trade debts | 44 | €7,267 | €705 | -€6,562 | -90.3% |
| Suppliers | 440/4 | €7,267 | €705 | -€6,562 | -90.3% |
| Taxes, remuneration and social security | 45 | €18,048 | €7,457 | -€10,591 | -58.7% |
| Taxes | 450/3 | €16,041 | €7,457 | -€8,584 | -53.5% |
| Remuneration and social security | 454/9 | €2,007 | - | -€2,007 | |
| Other amounts payable | 47/48 | €64,560 | €37,992 | -€26,568 | -41.2% |
| Accrued charges and deferred income | 492/3 | - | €3,006 | +€3,006 | |
| Remuneration, social security and pensions | 62 | €30,185 | €56,415 | +€26,230 | +86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,141 | €41,481 | -€1,660 | -3.8% |
| Other operating charges | 640/8 | €2,902 | €1,382 | -€1,520 | -52.4% |
| Gross operating margin | 9900 | €148,450 | €142,986 | -€5,464 | -3.7% |
| Operating profit (loss) | 9901 | €72,222 | €43,709 | -€28,514 | -39.5% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €6,494 | €5,068 | -€1,426 | -22.0% |
| Recurring financial charges | 65 | €6,494 | €5,068 | -€1,426 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €65,734 | €38,641 | -€27,093 | -41.2% |
| Income taxes | 67/77 | €16,010 | €5,392 | -€10,618 | -66.3% |
| Profit (loss) for the period | 9904 | €49,724 | €33,249 | -€16,475 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,724 | €33,249 | -€16,475 | -33.1% |
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 14 October 2026 via checked.be.