PATRICK DECOSTER: 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.
PATRICK DECOSTER
Largest movements
- Tangible fixed assets -€45,518
down €45,518 (-94.4%), from €48,216 to €2,698
- Intangible fixed assets -€15,000
down €15,000 (-40.0%), from €37,479 to €22,479
- Cash +€10,147
up €10,147 (+163.9%), from €6,191 to €16,338
mainly Investment in fixed assets (net) (+€34,986) and Depreciation (+€25,533)
- Receivables within one year -€9,377
down €9,377 (-9.3%), from €100,553 to €91,176
of which Trade receivables: -€23,592
- Debts after one year -€33,710
no longer reported in 2025 (was €33,710)
- Profit (loss) carried forward -€16,561
down €16,561 (-68.9%), from €24,044 to €7,484
- Trade debts -€8,305
down €8,305 (-30.3%), from €27,440 to €19,135
- Gross operating margin -€28,636
down €28,636 (-55.8%), from €51,274 to €22,638
- Depreciation -€26,163
down €26,163 (-50.6%), from €51,696 to €25,533
- Other operating charges +€20,812
up €20,812 (+5373.2%), from €387 to €21,200
- Financial charges -€2,532
down €2,532 (-74.7%), from €3,389 to €856
- Taxes -€526
no longer reported in 2025 (was €526)
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 | €192,513 | €132,765 | -€59,748 | -31.0% |
| Fixed assets | 21/28 | €85,695 | €25,177 | -€60,518 | -70.6% |
| Intangible fixed assets | 21 | €37,479 | €22,479 | -€15,000 | -40.0% |
| Tangible fixed assets | 22/27 | €48,216 | €2,698 | -€45,518 | -94.4% |
| Plant, machinery and equipment | 23 | €48,216 | €2,698 | -€45,518 | -94.4% |
| Current assets | 29/58 | €106,817 | €107,588 | +€771 | +0.7% |
| Amounts receivable within one year | 40/41 | €100,553 | €91,176 | -€9,377 | -9.3% |
| Trade receivables | 40 | €94,840 | €71,247 | -€23,592 | -24.9% |
| Other amounts receivable | 41 | €5,714 | €19,928 | +€14,215 | +248.8% |
| Cash at bank and in hand | 54/58 | €6,191 | €16,338 | +€10,147 | +163.9% |
| Deferred charges and accrued income | 490/1 | €73 | €74 | +€1 | +1.5% |
| Total equity and liabilities | 10/49 | €192,513 | €132,765 | -€59,748 | -31.0% |
| Equity | 10/15 | €122,495 | €105,935 | -€16,561 | -13.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €58,451 | €58,451 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €44,451 | €44,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,044 | €7,484 | -€16,561 | -68.9% |
| Amounts payable | 17/49 | €70,018 | €26,831 | -€43,187 | -61.7% |
| Amounts payable after more than one year | 17 | €33,710 | - | -€33,710 | |
| Financial debts | 170/4 | €33,710 | - | -€33,710 | |
| Amounts payable within one year | 42/48 | €36,308 | €26,831 | -€9,477 | -26.1% |
| Trade debts | 44 | €27,440 | €19,135 | -€8,305 | -30.3% |
| Suppliers | 440/4 | €27,440 | €19,135 | -€8,305 | -30.3% |
| Taxes, remuneration and social security | 45 | €1,698 | €526 | -€1,172 | -69.0% |
| Taxes | 450/3 | €1,698 | €526 | -€1,172 | -69.0% |
| Other amounts payable | 47/48 | €7,170 | €7,170 | = | 0.0% |
| Non-recurring operating income | 76A | - | €14,344 | +€14,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,696 | €25,533 | -€26,163 | -50.6% |
| Other operating charges | 640/8 | €387 | €21,200 | +€20,812 | +5373.2% |
| Gross operating margin | 9900 | €51,274 | €22,638 | -€28,636 | -55.8% |
| Operating profit (loss) | 9901 | -€809 | -€24,095 | -€23,285 | -2877.0% |
| Financial income | 75/76B | €8,199 | €8,390 | +€192 | +2.3% |
| Recurring financial income | 75 | €8,199 | €8,390 | +€192 | +2.3% |
| Financial charges | 65/66B | €3,389 | €856 | -€2,532 | -74.7% |
| Recurring financial charges | 65 | €3,389 | €856 | -€2,532 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €4,001 | -€16,561 | -€20,561 | |
| Income taxes | 67/77 | €526 | - | -€526 | |
| Profit (loss) for the period | 9904 | €3,475 | -€16,561 | -€20,036 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,475 | -€16,561 | -€20,036 |
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 10 October 2026 via checked.be.