Ken Decreus: 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.
Ken Decreus
Largest movements
- Cash -€57,006
down €57,006 (-67.0%), from €85,043 to €28,037
mainly Contributions, distributions and other (-€99,000) and Receivables within one year (-€15,676)
- Receivables after one year -€30,000
down €30,000 (-100%), from €30,000 to €0
- Receivables within one year +€15,676
up €15,676 (+167%), from €9,362 to €25,039
of which Trade receivables: +€18,829
- Deferred charges and accrued income +€3,368
up €3,368 (+61.4%), from €5,489 to €8,857
- Tangible fixed assets -€1,745
down €1,745 (-24.7%), from €7,076 to €5,331
of which Plant, machinery and equipment: -€1,265
- Profit (loss) carried forward -€72,852
down €72,852 (-73.1%), from €99,708 to €26,856
- Tax, wage and social debts +€3,077
up €3,077 (+16.0%), from €19,206 to €22,283
- Gross operating margin +€8,002
up €8,002 (+26.6%), from €30,071 to €38,073
- Taxes +€2,115
up €2,115 (+31.6%), from €6,686 to €8,801
- Other operating charges -€1,582
down €1,582 (-69.2%), from €2,285 to €704
- Depreciation +€1,056
up €1,056 (+153%), from €689 to €1,745
- Financial charges +€962
up €962 (+181%), from €530 to €1,492
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 | €136,970 | €67,263 | -€69,707 | -50.9% |
| Fixed assets | 21/28 | €7,076 | €5,331 | -€1,745 | -24.7% |
| Tangible fixed assets | 22/27 | €7,076 | €5,331 | -€1,745 | -24.7% |
| Plant, machinery and equipment | 23 | €5,972 | €4,707 | -€1,265 | -21.2% |
| Furniture and vehicles | 24 | €1,104 | €624 | -€480 | -43.5% |
| Current assets | 29/58 | €129,894 | €61,932 | -€67,962 | -52.3% |
| Amounts receivable after more than one year | 29 | €30,000 | €0 | -€30,000 | -100% |
| Other amounts receivable | 291 | €30,000 | €0 | -€30,000 | -100% |
| Amounts receivable within one year | 40/41 | €9,362 | €25,039 | +€15,676 | +167% |
| Trade receivables | 40 | - | €18,829 | +€18,829 | |
| Other amounts receivable | 41 | €9,362 | €6,209 | -€3,153 | -33.7% |
| Cash at bank and in hand | 54/58 | €85,043 | €28,037 | -€57,006 | -67.0% |
| Deferred charges and accrued income | 490/1 | €5,489 | €8,857 | +€3,368 | +61.4% |
| Total equity and liabilities | 10/49 | €136,970 | €67,263 | -€69,707 | -50.9% |
| Equity | 10/15 | €114,708 | €41,856 | -€72,852 | -63.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,708 | €26,856 | -€72,852 | -73.1% |
| Amounts payable | 17/49 | €22,262 | €25,407 | +€3,145 | +14.1% |
| Amounts payable within one year | 42/48 | €21,662 | €24,057 | +€2,395 | +11.1% |
| Trade debts | 44 | €2,457 | €1,775 | -€682 | -27.8% |
| Suppliers | 440/4 | €2,457 | €1,775 | -€682 | -27.8% |
| Taxes, remuneration and social security | 45 | €19,206 | €22,283 | +€3,077 | +16.0% |
| Taxes | 450/3 | €19,206 | €22,283 | +€3,077 | +16.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €600 | €1,350 | +€750 | +125% |
| Non-recurring operating income | 76A | - | €676 | +€676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €689 | €1,745 | +€1,056 | +153% |
| Other operating charges | 640/8 | €2,285 | €704 | -€1,582 | -69.2% |
| Non-recurring operating charges | 66A | €1,552 | €0 | -€1,552 | -100% |
| Gross operating margin | 9900 | €30,071 | €38,073 | +€8,002 | +26.6% |
| Operating profit (loss) | 9901 | €25,545 | €35,625 | +€10,080 | +39.5% |
| Financial income | 75/76B | €977 | €816 | -€160 | -16.4% |
| Recurring financial income | 75 | €977 | €816 | -€160 | -16.4% |
| Financial charges | 65/66B | €530 | €1,492 | +€962 | +181% |
| Recurring financial charges | 65 | €530 | €1,492 | +€962 | +181% |
| Profit (loss) for the period before taxes | 9903 | €25,991 | €34,949 | +€8,958 | +34.5% |
| Income taxes | 67/77 | €6,686 | €8,801 | +€2,115 | +31.6% |
| Profit (loss) for the period | 9904 | €19,305 | €26,148 | +€6,843 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,305 | €26,148 | +€6,843 | +35.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.