T.D.L. 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.
T.D.L. DECOSTER
Largest movements
- Cash +€69,850
up €69,850 (+108%), from €64,923 to €134,773
mainly Net result for the year (+€138,900) and Trade debts (+€25,659)
- Tangible fixed assets -€22,693
down €22,693 (-8.4%), from €268,761 to €246,068
of which Furniture and vehicles: -€12,513
- Receivables within one year -€10,573
down €10,573 (-4.6%), from €229,053 to €218,480
of which Trade receivables: -€16,300
- Reserves +€65,754
up €65,754 (+11.5%), from €570,800 to €636,554
- Tax, wage and social debts -€28,521
down €28,521 (-58.5%), from €48,773 to €20,251
- Trade debts +€25,659
up €25,659 (+2,101%), from €1,221 to €26,880
- Current portion of long-term debt -€13,552
down €13,552 (-37.1%), from €36,512 to €22,960
- Debts after one year -€12,756
down €12,756 (-20.8%), from €61,259 to €48,503
- Gross operating margin -€50,818
down €50,818 (-18.2%), from €279,756 to €228,938
- Taxes -€16,081
down €16,081 (-21.0%), from €76,549 to €60,469
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 | €730,965 | €767,550 | +€36,584 | +5.0% |
| Fixed assets | 21/28 | €268,786 | €246,093 | -€22,693 | -8.4% |
| Tangible fixed assets | 22/27 | €268,761 | €246,068 | -€22,693 | -8.4% |
| Land and buildings | 22 | €191,400 | €183,849 | -€7,551 | -3.9% |
| Plant, machinery and equipment | 23 | €213 | €53 | -€160 | -75.0% |
| Furniture and vehicles | 24 | €51,624 | €39,111 | -€12,513 | -24.2% |
| Other tangible fixed assets | 26 | €25,523 | €23,055 | -€2,469 | -9.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €462,179 | €521,456 | +€59,277 | +12.8% |
| Amounts receivable after more than one year | 29 | €166,901 | €166,901 | = | 0.0% |
| Other amounts receivable | 291 | €166,901 | €166,901 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €229,053 | €218,480 | -€10,573 | -4.6% |
| Trade receivables | 40 | €96,952 | €80,652 | -€16,300 | -16.8% |
| Other amounts receivable | 41 | €132,101 | €137,828 | +€5,727 | +4.3% |
| Cash at bank and in hand | 54/58 | €64,923 | €134,773 | +€69,850 | +108% |
| Deferred charges and accrued income | 490/1 | €1,302 | €1,302 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €730,965 | €767,550 | +€36,584 | +5.0% |
| Equity | 10/15 | €583,200 | €648,954 | +€65,754 | +11.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €570,800 | €636,554 | +€65,754 | +11.5% |
| Distributable reserves | 133 | €570,800 | €636,554 | +€65,754 | +11.5% |
| Amounts payable | 17/49 | €147,765 | €118,595 | -€29,170 | -19.7% |
| Amounts payable after more than one year | 17 | €61,259 | €48,503 | -€12,756 | -20.8% |
| Financial debts | 170/4 | €61,259 | €48,503 | -€12,756 | -20.8% |
| Amounts payable within one year | 42/48 | €86,506 | €70,092 | -€16,415 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €36,512 | €22,960 | -€13,552 | -37.1% |
| Trade debts | 44 | €1,221 | €26,880 | +€25,659 | +2,101% |
| Suppliers | 440/4 | €1,221 | €26,880 | +€25,659 | +2,101% |
| Taxes, remuneration and social security | 45 | €48,773 | €20,251 | -€28,521 | -58.5% |
| Taxes | 450/3 | €48,773 | €20,251 | -€28,521 | -58.5% |
| Non-recurring operating income | 76A | €3,306 | - | -€3,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,298 | €23,875 | +€2,577 | +12.1% |
| Other operating charges | 640/8 | €3,397 | €2,732 | -€664 | -19.6% |
| Gross operating margin | 9900 | €279,756 | €228,938 | -€50,818 | -18.2% |
| Operating profit (loss) | 9901 | €255,061 | €202,331 | -€52,731 | -20.7% |
| Financial income | 75/76B | - | €299 | +€299 | |
| Recurring financial income | 75 | - | €299 | +€299 | |
| Financial charges | 65/66B | €4,427 | €3,262 | -€1,165 | -26.3% |
| Recurring financial charges | 65 | €4,427 | €3,262 | -€1,165 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €250,634 | €199,368 | -€51,266 | -20.5% |
| Income taxes | 67/77 | €76,549 | €60,469 | -€16,081 | -21.0% |
| Profit (loss) for the period | 9904 | €174,085 | €138,900 | -€35,185 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €174,085 | €138,900 | -€35,185 | -20.2% |
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 15 October 2026 via checked.be.