O. DECORTE: 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.
O. DECORTE
Largest movements
- Tangible fixed assets -€5,673
down €5,673 (-24.8%), from €22,880 to €17,206
- Receivables within one year +€5,242
up €5,242 (+149.0%), from €3,517 to €8,759
of which Trade receivables: +€7,282
- Cash -€4,941
down €4,941 (-65.6%), from €7,530 to €2,589
mainly Debts after one year (-€6,987) and Receivables within one year (-€5,242)
- Deferred charges and accrued income +€1,059
up €1,059 (+66.1%), from €1,601 to €2,660
- Debts after one year -€6,987
down €6,987 (-46.9%), from €14,887 to €7,900
- Reserves +€2,663
up €2,663 (+41.1%), from €6,477 to €9,140
- Trade debts +€2,330
up €2,330 (+573.8%), from €406 to €2,736
- Other debts -€1,817
down €1,817 (-95.6%), from €1,900 to €83
- Tax, wage and social debts -€1,688
down €1,688 (-69.4%), from €2,433 to €746
- Gross operating margin -€7,665
down €7,665 (-42.1%), from €18,195 to €10,530
- Depreciation -€1,922
down €1,922 (-24.4%), from €7,874 to €5,952
- Taxes -€1,688
down €1,688 (-69.4%), from €2,433 to €746
- Financial charges -€368
down €368 (-29.9%), from €1,231 to €863
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.
Cash bridge derived
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 | €35,807 | €31,214 | -€4,593 | -12.8% |
| Formation expenses | 20 | €279 | €0 | -€279 | -100.0% |
| Fixed assets | 21/28 | €22,880 | €17,206 | -€5,673 | -24.8% |
| Tangible fixed assets | 22/27 | €22,880 | €17,206 | -€5,673 | -24.8% |
| Furniture and vehicles | 24 | €22,880 | €17,206 | -€5,673 | -24.8% |
| Current assets | 29/58 | €12,649 | €14,008 | +€1,359 | +10.7% |
| Amounts receivable within one year | 40/41 | €3,517 | €8,759 | +€5,242 | +149.0% |
| Trade receivables | 40 | €557 | €7,839 | +€7,282 | +1306.8% |
| Other amounts receivable | 41 | €2,960 | €920 | -€2,040 | -68.9% |
| Cash at bank and in hand | 54/58 | €7,530 | €2,589 | -€4,941 | -65.6% |
| Deferred charges and accrued income | 490/1 | €1,601 | €2,660 | +€1,059 | +66.1% |
| Total equity and liabilities | 10/49 | €35,807 | €31,214 | -€4,593 | -12.8% |
| Equity | 10/15 | €9,477 | €12,140 | +€2,663 | +28.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,477 | €9,140 | +€2,663 | +41.1% |
| Distributable reserves | 133 | €6,477 | €9,140 | +€2,663 | +41.1% |
| Amounts payable | 17/49 | €26,331 | €19,074 | -€7,256 | -27.6% |
| Amounts payable after more than one year | 17 | €14,887 | €7,900 | -€6,987 | -46.9% |
| Financial debts | 170/4 | €14,887 | €7,900 | -€6,987 | -46.9% |
| Amounts payable within one year | 42/48 | €11,444 | €11,174 | -€270 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €6,705 | €7,609 | +€904 | +13.5% |
| Trade debts | 44 | €406 | €2,736 | +€2,330 | +573.8% |
| Suppliers | 440/4 | €406 | €2,736 | +€2,330 | +573.8% |
| Taxes, remuneration and social security | 45 | €2,433 | €746 | -€1,688 | -69.4% |
| Taxes | 450/3 | €2,433 | €746 | -€1,688 | -69.4% |
| Other amounts payable | 47/48 | €1,900 | €83 | -€1,817 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,874 | €5,952 | -€1,922 | -24.4% |
| Other operating charges | 640/8 | €211 | €338 | +€127 | +60.2% |
| Gross operating margin | 9900 | €18,195 | €10,530 | -€7,665 | -42.1% |
| Operating profit (loss) | 9901 | €10,110 | €4,240 | -€5,870 | -58.1% |
| Financial income | 75/76B | €30 | €32 | +€2 | +5.4% |
| Recurring financial income | 75 | €30 | €32 | +€2 | +5.4% |
| Financial charges | 65/66B | €1,231 | €863 | -€368 | -29.9% |
| Recurring financial charges | 65 | €1,231 | €863 | -€368 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €8,910 | €3,409 | -€5,501 | -61.7% |
| Income taxes | 67/77 | €2,433 | €746 | -€1,688 | -69.4% |
| Profit (loss) for the period | 9904 | €6,477 | €2,663 | -€3,813 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,477 | €2,663 | -€3,813 | -58.9% |
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 12 October 2026 via checked.be.