W. Deceuninck: 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.
W. Deceuninck
Largest movements
- Cash +€7,999
up €7,999 (+338%), from €2,366 to €10,364
mainly Contributions, distributions and other (+€9,500) and Trade debts (+€9,054)
- Tangible fixed assets +€3,000
up €3,000 (+119%), from €2,529 to €5,529
of which Plant, machinery and equipment: +€3,186
- Stocks and contracts -€2,392
down €2,392 (-3.6%), from €67,155 to €64,762
- Trade debts +€9,054
up €9,054 (+185%), from €4,900 to €13,954
- Other debts +€8,278
up €8,278 (+13.0%), from €63,550 to €71,827
- Profit (loss) carried forward -€8,261
down €8,261 (-51.5%), from -€16,047 to -€24,307
- Gross operating margin +€1,965
up €1,965 (+13.0%), from -€15,064 to -€13,099
- Depreciation +€582
up €582 (+100%), from €579 to €1,161
- Financial charges +€257
up €257 (+16.2%), from €1,583 to €1,840
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,830 | €82,901 | +€9,071 | +12.3% |
| Fixed assets | 21/28 | €2,529 | €5,529 | +€3,000 | +119% |
| Tangible fixed assets | 22/27 | €2,529 | €5,529 | +€3,000 | +119% |
| Plant, machinery and equipment | 23 | €2,344 | €5,529 | +€3,186 | +136% |
| Furniture and vehicles | 24 | €185 | - | -€185 | |
| Current assets | 29/58 | €71,301 | €77,372 | +€6,071 | +8.5% |
| Stocks and contracts in progress | 3 | €67,155 | €64,762 | -€2,392 | -3.6% |
| Stocks | 30/36 | €67,155 | €64,762 | -€2,392 | -3.6% |
| Amounts receivable within one year | 40/41 | €772 | €1,223 | +€451 | +58.3% |
| Other amounts receivable | 41 | €772 | €1,223 | +€451 | +58.3% |
| Cash at bank and in hand | 54/58 | €2,366 | €10,364 | +€7,999 | +338% |
| Deferred charges and accrued income | 490/1 | €1,009 | €1,022 | +€13 | +1.3% |
| Total equity and liabilities | 10/49 | €73,830 | €82,901 | +€9,071 | +12.3% |
| Equity | 10/15 | €5,380 | -€2,881 | -€8,261 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,835 | €2,835 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €124 | €124 | = | 0.0% |
| Distributable reserves | 133 | €852 | €852 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,047 | -€24,307 | -€8,261 | -51.5% |
| Amounts payable | 17/49 | €68,450 | €85,782 | +€17,332 | +25.3% |
| Amounts payable within one year | 42/48 | €68,450 | €85,782 | +€17,332 | +25.3% |
| Trade debts | 44 | €4,900 | €13,954 | +€9,054 | +185% |
| Suppliers | 440/4 | €4,900 | €13,954 | +€9,054 | +185% |
| Other amounts payable | 47/48 | €63,550 | €71,827 | +€8,278 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €1,161 | +€582 | +100% |
| Other operating charges | 640/8 | €1,615 | €1,664 | +€49 | +3.0% |
| Gross operating margin | 9900 | -€15,064 | -€13,099 | +€1,965 | +13.0% |
| Operating profit (loss) | 9901 | -€17,258 | -€15,924 | +€1,334 | +7.7% |
| Financial income | 75/76B | €0 | €3 | +€2 | +606% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +606% |
| Financial charges | 65/66B | €1,583 | €1,840 | +€257 | +16.2% |
| Recurring financial charges | 65 | €1,583 | €1,840 | +€257 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,840 | -€17,761 | +€1,079 | +5.7% |
| Profit (loss) for the period | 9904 | -€18,840 | -€17,761 | +€1,079 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,840 | -€17,761 | +€1,079 | +5.7% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.