ISOLATIEWERKEN DECOCK: 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.
ISOLATIEWERKEN DECOCK
Largest movements
- Cash +€65,110
up €65,110 (+241%), from €27,017 to €92,127
mainly Depreciation (+€46,616) and Stocks and contracts (+€42,879)
- Tangible fixed assets -€47,216
down €47,216 (-11.7%), from €401,972 to €354,757
- Stocks and contracts -€42,879
down €42,879 (-61.4%), from €69,822 to €26,943
of which Contracts in progress: -€22,916
- Receivables within one year -€8,464
down €8,464 (-4.8%), from €176,353 to €167,888
of which Other amounts receivable: -€20,847
- Reserves +€31,442
up €31,442 (+9.6%), from €326,178 to €357,620
- Other debts -€28,922
down €28,922 (-57.8%), from €50,000 to €21,078
- Debts after one year -€25,499
down €25,499 (-11.8%), from €216,908 to €191,409
- Current portion of long-term debt -€17,442
down €17,442 (-28.3%), from €61,723 to €44,281
- Staff costs +€36,269
up €36,269 (+20.8%), from €174,229 to €210,499
- Gross operating margin +€19,345
up €19,345 (+6.5%), from €296,291 to €315,636
- Depreciation -€5,509
down €5,509 (-10.6%), from €52,125 to €46,616
- Taxes -€3,678
down €3,678 (-19.8%), from €18,621 to €14,943
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 | €677,440 | €643,937 | -€33,503 | -4.9% |
| Fixed assets | 21/28 | €401,972 | €354,757 | -€47,216 | -11.7% |
| Tangible fixed assets | 22/27 | €401,972 | €354,757 | -€47,216 | -11.7% |
| Land and buildings | 22 | €242,250 | €235,125 | -€7,125 | -2.9% |
| Plant, machinery and equipment | 23 | €100,567 | €82,948 | -€17,619 | -17.5% |
| Furniture and vehicles | 24 | €59,155 | €36,683 | -€22,471 | -38.0% |
| Current assets | 29/58 | €275,468 | €289,180 | +€13,712 | +5.0% |
| Stocks and contracts in progress | 3 | €69,822 | €26,943 | -€42,879 | -61.4% |
| Stocks | 30/36 | €38,475 | €18,512 | -€19,963 | -51.9% |
| Contracts in progress | 37 | €31,347 | €8,431 | -€22,916 | -73.1% |
| Amounts receivable within one year | 40/41 | €176,353 | €167,888 | -€8,464 | -4.8% |
| Trade receivables | 40 | €109,259 | €121,642 | +€12,383 | +11.3% |
| Other amounts receivable | 41 | €67,094 | €46,247 | -€20,847 | -31.1% |
| Cash at bank and in hand | 54/58 | €27,017 | €92,127 | +€65,110 | +241% |
| Deferred charges and accrued income | 490/1 | €2,276 | €2,222 | -€55 | -2.4% |
| Total equity and liabilities | 10/49 | €677,440 | €643,937 | -€33,503 | -4.9% |
| Equity | 10/15 | €332,378 | €363,820 | +€31,442 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €326,178 | €357,620 | +€31,442 | +9.6% |
| Distributable reserves | 133 | €326,178 | €357,620 | +€31,442 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €345,061 | €280,117 | -€64,945 | -18.8% |
| Amounts payable after more than one year | 17 | €216,908 | €191,409 | -€25,499 | -11.8% |
| Financial debts | 170/4 | €216,908 | €191,409 | -€25,499 | -11.8% |
| Amounts payable within one year | 42/48 | €127,295 | €87,097 | -€40,198 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €61,723 | €44,281 | -€17,442 | -28.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,541 | €9,919 | +€1,378 | +16.1% |
| Suppliers | 440/4 | €8,541 | €9,919 | +€1,378 | +16.1% |
| Taxes, remuneration and social security | 45 | €7,031 | €11,820 | +€4,788 | +68.1% |
| Taxes | 450/3 | €4,756 | €395 | -€4,362 | -91.7% |
| Remuneration and social security | 454/9 | €2,275 | €11,425 | +€9,150 | +402% |
| Other amounts payable | 47/48 | €50,000 | €21,078 | -€28,922 | -57.8% |
| Accrued charges and deferred income | 492/3 | €858 | €1,611 | +€753 | +87.7% |
| Non-recurring operating income | 76A | €500 | €6,983 | +€6,483 | +1,297% |
| Remuneration, social security and pensions | 62 | €174,229 | €210,499 | +€36,269 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,125 | €46,616 | -€5,509 | -10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €84 | €500 | +€416 | +496% |
| Other operating charges | 640/8 | €4,616 | €6,714 | +€2,099 | +45.5% |
| Gross operating margin | 9900 | €296,291 | €315,636 | +€19,345 | +6.5% |
| Operating profit (loss) | 9901 | €65,238 | €51,307 | -€13,930 | -21.4% |
| Financial income | 75/76B | €10,202 | €8,598 | -€1,604 | -15.7% |
| Recurring financial income | 75 | €10,202 | €8,598 | -€1,604 | -15.7% |
| Financial charges | 65/66B | €12,291 | €11,855 | -€435 | -3.5% |
| Recurring financial charges | 65 | €12,291 | €11,855 | -€435 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €63,149 | €48,050 | -€15,098 | -23.9% |
| Income taxes | 67/77 | €18,621 | €14,943 | -€3,678 | -19.8% |
| Profit (loss) for the period | 9904 | €44,528 | €33,108 | -€11,420 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,528 | €33,108 | -€11,420 | -25.6% |
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 27 October 2026 via checked.be.