FREDERIC DECHAMPS: 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.
FREDERIC DECHAMPS
Largest movements
- Receivables within one year +€36,572
up €36,572 (+28.5%), from €128,276 to €164,848
of which Trade receivables: +€39,197
- Tangible fixed assets -€10,242
down €10,242 (-10.2%), from €99,972 to €89,729
- Cash +€3,228
up €3,228 (+74.5%), from €4,330 to €7,558
mainly Net result for the year (+€19,198) and Trade debts (+€18,315)
- Trade debts +€18,315
up €18,315 (+24.1%), from €75,861 to €94,175
- Reserves +€15,000
up €15,000 (+12.3%), from €121,859 to €136,859
- Debts after one year -€8,804
down €8,804 (-19.9%), from €44,235 to €35,431
- Tax, wage and social debts +€4,643
up €4,643 (+26.0%), from €17,878 to €22,522
of which Remuneration and social security: +€6,314
- Profit (loss) carried forward +€4,198
up €4,198 (+32.2%), from -€13,053 to -€8,855
- Gross operating margin +€78,969
up €78,969 (+77.4%), from €101,976 to €180,945
- Other operating charges +€33,980
up €33,980 (+8,220%), from €413 to €34,394
- Staff costs +€19,543
up €19,543 (+59.4%), from €32,922 to €52,465
- Taxes +€4,943
up €4,943 (+220%), from €2,246 to €7,189
- Financial charges -€2,941
down €2,941 (-5.8%), from €50,902 to €47,961
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 | €266,770 | €298,549 | +€31,779 | +11.9% |
| Fixed assets | 21/28 | €120,721 | €111,576 | -€9,145 | -7.6% |
| Intangible fixed assets | 21 | €16,699 | €16,446 | -€253 | -1.5% |
| Tangible fixed assets | 22/27 | €99,972 | €89,729 | -€10,242 | -10.2% |
| Land and buildings | 22 | €74,183 | €70,062 | -€4,121 | -5.6% |
| Plant, machinery and equipment | 23 | €15,259 | €12,724 | -€2,534 | -16.6% |
| Furniture and vehicles | 24 | €6,679 | €3,093 | -€3,587 | -53.7% |
| Other tangible fixed assets | 26 | €3,850 | €3,850 | = | 0.0% |
| Financial fixed assets | 28 | €4,050 | €5,400 | +€1,350 | +33.3% |
| Current assets | 29/58 | €146,049 | €186,973 | +€40,924 | +28.0% |
| Amounts receivable within one year | 40/41 | €128,276 | €164,848 | +€36,572 | +28.5% |
| Trade receivables | 40 | €84,365 | €123,563 | +€39,197 | +46.5% |
| Other amounts receivable | 41 | €43,910 | €41,285 | -€2,625 | -6.0% |
| Cash at bank and in hand | 54/58 | €4,330 | €7,558 | +€3,228 | +74.5% |
| Deferred charges and accrued income | 490/1 | €13,443 | €14,567 | +€1,124 | +8.4% |
| Total equity and liabilities | 10/49 | €266,770 | €298,549 | +€31,779 | +11.9% |
| Equity | 10/15 | €115,006 | €134,204 | +€19,198 | +16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,859 | €136,859 | +€15,000 | +12.3% |
| Distributable reserves | 133 | €121,859 | €136,859 | +€15,000 | +12.3% |
| Profit (loss) carried forward | 14 | -€13,053 | -€8,855 | +€4,198 | +32.2% |
| Amounts payable | 17/49 | €151,764 | €164,345 | +€12,581 | +8.3% |
| Amounts payable after more than one year | 17 | €44,235 | €35,431 | -€8,804 | -19.9% |
| Financial debts | 170/4 | €44,235 | €35,431 | -€8,804 | -19.9% |
| Amounts payable within one year | 42/48 | €107,529 | €128,914 | +€21,385 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €8,374 | €8,804 | +€430 | +5.1% |
| Financial debts | 43 | €5,416 | €1,687 | -€3,729 | -68.9% |
| Credit institutions | 430/8 | €5,416 | €1,687 | -€3,729 | -68.9% |
| Trade debts | 44 | €75,861 | €94,175 | +€18,315 | +24.1% |
| Suppliers | 440/4 | €75,861 | €94,175 | +€18,315 | +24.1% |
| Taxes, remuneration and social security | 45 | €17,878 | €22,522 | +€4,643 | +26.0% |
| Taxes | 450/3 | €13,403 | €11,733 | -€1,671 | -12.5% |
| Remuneration and social security | 454/9 | €4,475 | €10,789 | +€6,314 | +141% |
| Other amounts payable | 47/48 | - | €1,726 | +€1,726 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €314 | +€314 | |
| Remuneration, social security and pensions | 62 | €32,922 | €52,465 | +€19,543 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,716 | €16,836 | +€1,120 | +7.1% |
| Other operating charges | 640/8 | €413 | €34,394 | +€33,980 | +8,220% |
| Non-recurring operating charges | 66A | - | €6,407 | +€6,407 | |
| Gross operating margin | 9900 | €101,976 | €180,945 | +€78,969 | +77.4% |
| Operating profit (loss) | 9901 | €52,925 | €70,843 | +€17,918 | +33.9% |
| Financial income | 75/76B | €2,759 | €3,505 | +€746 | +27.1% |
| Recurring financial income | 75 | €2,759 | €3,505 | +€746 | +27.1% |
| Financial charges | 65/66B | €50,902 | €47,961 | -€2,941 | -5.8% |
| Recurring financial charges | 65 | €50,902 | €47,961 | -€2,941 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €4,781 | €26,387 | +€21,606 | +452% |
| Income taxes | 67/77 | €2,246 | €7,189 | +€4,943 | +220% |
| Profit (loss) for the period | 9904 | €2,535 | €19,198 | +€16,663 | +657% |
| Profit (loss) for the period to be appropriated | 9905 | €2,535 | €19,198 | +€16,663 | +657% |
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.