Thomas Decamps: 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.
Thomas Decamps
Largest movements
- Current investments +€116,205
new in 2025: €116,205
- Cash +€104,102
up €104,102 (+355%), from €29,312 to €133,414
mainly Net result for the year (+€121,706) and Receivables within one year (+€102,550)
- Receivables within one year -€102,550
down €102,550 (-41.5%), from €246,993 to €144,443
of which Other amounts receivable: -€110,003
- Financial fixed assets -€82,500
down €82,500 (-13.0%), from €634,352 to €551,852
- Profit (loss) carried forward +€61,706
up €61,706 (+8.4%), from €733,971 to €795,677
- Debts after one year -€23,869
down €23,869 (-30.1%), from €79,302 to €55,433
- Tax, wage and social debts -€23,240
down €23,240 (-74.0%), from €31,408 to €8,168
- Current portion of long-term debt -€19,127
down €19,127 (-38.5%), from €49,705 to €30,578
- Provisions +€18,155
up €18,155 (+55.8%), from €32,537 to €50,692
- Financial income -€493,547
down €493,547 (-78.4%), from €629,820 to €136,273
- Financial charges +€37,048
up €37,048 (+596%), from €6,219 to €43,267
- Gross operating margin -€31,259
down €31,259 (-37.1%), from €84,350 to €53,091
- Provisions -€14,383
down €14,383 (-44.2%), from €32,537 to €18,155
- Taxes -€4,961
down €4,961 (-75.9%), from €6,533 to €1,571
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 | €927,928 | €960,538 | +€32,610 | +3.5% |
| Fixed assets | 21/28 | €643,478 | €560,576 | -€82,902 | -12.9% |
| Tangible fixed assets | 22/27 | €9,126 | €8,724 | -€402 | -4.4% |
| Furniture and vehicles | 24 | €9,126 | €8,724 | -€402 | -4.4% |
| Financial fixed assets | 28 | €634,352 | €551,852 | -€82,500 | -13.0% |
| Current assets | 29/58 | €284,450 | €399,962 | +€115,512 | +40.6% |
| Amounts receivable within one year | 40/41 | €246,993 | €144,443 | -€102,550 | -41.5% |
| Trade receivables | 40 | €39,027 | €46,480 | +€7,454 | +19.1% |
| Other amounts receivable | 41 | €207,966 | €97,962 | -€110,003 | -52.9% |
| Current investments | 50/53 | - | €116,205 | +€116,205 | |
| Cash at bank and in hand | 54/58 | €29,312 | €133,414 | +€104,102 | +355% |
| Deferred charges and accrued income | 490/1 | €8,146 | €5,901 | -€2,245 | -27.6% |
| Total equity and liabilities | 10/49 | €927,928 | €960,538 | +€32,610 | +3.5% |
| Equity | 10/15 | €734,971 | €796,677 | +€61,706 | +8.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €733,971 | €795,677 | +€61,706 | +8.4% |
| Provisions and deferred taxes | 16 | €32,537 | €50,692 | +€18,155 | +55.8% |
| Provisions for liabilities and charges | 160/5 | €32,537 | €50,692 | +€18,155 | +55.8% |
| Other liabilities and charges | 164/5 | €32,537 | €50,692 | +€18,155 | +55.8% |
| Amounts payable | 17/49 | €160,420 | €113,169 | -€47,251 | -29.5% |
| Amounts payable after more than one year | 17 | €79,302 | €55,433 | -€23,869 | -30.1% |
| Financial debts | 170/4 | €79,302 | €55,433 | -€23,869 | -30.1% |
| Amounts payable within one year | 42/48 | €81,118 | €57,736 | -€23,382 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €49,705 | €30,578 | -€19,127 | -38.5% |
| Trade debts | 44 | €4 | €9,990 | +€9,986 | +225,928% |
| Suppliers | 440/4 | €4 | €9,990 | +€9,986 | +225,928% |
| Taxes, remuneration and social security | 45 | €31,408 | €8,168 | -€23,240 | -74.0% |
| Taxes | 450/3 | €31,408 | €8,168 | -€23,240 | -74.0% |
| Other amounts payable | 47/48 | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,592 | €3,203 | +€611 | +23.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €32,537 | €18,155 | -€14,383 | -44.2% |
| Other operating charges | 640/8 | €1,067 | €1,462 | +€395 | +37.0% |
| Non-recurring operating charges | 66A | €25,813 | - | -€25,813 | |
| Gross operating margin | 9900 | €84,350 | €53,091 | -€31,259 | -37.1% |
| Operating profit (loss) | 9901 | €22,341 | €30,271 | +€7,930 | +35.5% |
| Financial income | 75/76B | €629,820 | €136,273 | -€493,547 | -78.4% |
| Recurring financial income | 75 | €629,820 | €136,273 | -€493,547 | -78.4% |
| Financial charges | 65/66B | €6,219 | €43,267 | +€37,048 | +596% |
| Recurring financial charges | 65 | €6,219 | €43,267 | +€37,048 | +596% |
| Profit (loss) for the period before taxes | 9903 | €645,942 | €123,277 | -€522,665 | -80.9% |
| Income taxes | 67/77 | €6,533 | €1,571 | -€4,961 | -75.9% |
| Profit (loss) for the period | 9904 | €639,409 | €121,706 | -€517,703 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €639,409 | €121,706 | -€517,703 | -81.0% |
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 13 October 2026 via checked.be.