DECSYS: 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.
DECSYS
Largest movements
- Receivables within one year -€532,611
down €532,611 (-47.1%), from €1.1m to €598,081
of which Trade receivables: -€531,187
- Tangible fixed assets -€312,323
down €312,323 (-25.8%), from €1.2m to €900,529
of which Leasing and similar rights: -€288,224
- Cash -€137,842
down €137,842 (-44.7%), from €308,078 to €170,236
mainly Trade debts (-€729,982) and Debts after one year (-€295,444)
- Stocks and contracts -€56,416
down €56,416 (-12.6%), from €446,981 to €390,565
of which Stocks: -€29,064
- Trade debts -€729,982
down €729,982 (-60.1%), from €1.2m to €484,429
- Debts after one year -€295,444
down €295,444 (-67.9%), from €435,263 to €139,819
- Tax, wage and social debts -€61,363
down €61,363 (-18.4%), from €333,245 to €271,882
of which Remuneration and social security: -€33,962
- Profit (loss) carried forward +€48,281
up €48,281 (+17.0%), from €283,246 to €331,527
- Short-term financial debts -€36,863
no longer reported in 2025 (was €36,863)
- Gross operating margin -€96,318
down €96,318 (-6.6%), from €1.5m to €1.4m
- Taxes -€21,685
down €21,685 (-47.9%), from €45,265 to €23,580
- Financial charges -€21,426
down €21,426 (-17.3%), from €123,896 to €102,470
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 | €3,123,981 | €2,074,884 | -€1.0m | -33.6% |
| Fixed assets | 21/28 | €1,212,987 | €900,664 | -€312,323 | -25.7% |
| Tangible fixed assets | 22/27 | €1,212,852 | €900,529 | -€312,323 | -25.8% |
| Land and buildings | 22 | €478,559 | €425,285 | -€53,274 | -11.1% |
| Plant, machinery and equipment | 23 | €25,808 | €36,680 | +€10,872 | +42.1% |
| Furniture and vehicles | 24 | €65,314 | €67,075 | +€1,761 | +2.7% |
| Leasing and similar rights | 25 | €641,447 | €353,223 | -€288,224 | -44.9% |
| Other tangible fixed assets | 26 | €1,724 | €1,293 | -€431 | -25.0% |
| Assets under construction and advance payments | 27 | - | €16,974 | +€16,974 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,910,994 | €1,174,219 | -€736,775 | -38.6% |
| Stocks and contracts in progress | 3 | €446,981 | €390,565 | -€56,416 | -12.6% |
| Stocks | 30/36 | €299,666 | €270,602 | -€29,064 | -9.7% |
| Contracts in progress | 37 | €147,315 | €119,963 | -€27,352 | -18.6% |
| Amounts receivable within one year | 40/41 | €1,130,691 | €598,081 | -€532,611 | -47.1% |
| Trade receivables | 40 | €1,058,558 | €527,371 | -€531,187 | -50.2% |
| Other amounts receivable | 41 | €72,134 | €70,710 | -€1,424 | -2.0% |
| Cash at bank and in hand | 54/58 | €308,078 | €170,236 | -€137,842 | -44.7% |
| Deferred charges and accrued income | 490/1 | €25,244 | €15,338 | -€9,905 | -39.2% |
| Total equity and liabilities | 10/49 | €3,123,981 | €2,074,884 | -€1.0m | -33.6% |
| Equity | 10/15 | €960,376 | €1,000,370 | +€39,994 | +4.2% |
| Contributions | 10/11 | €608,080 | €608,080 | = | 0.0% |
| Capital | 10 | €608,080 | €608,080 | = | 0.0% |
| Issued capital | 100 | €608,080 | €608,080 | = | 0.0% |
| Revaluation surpluses | 12 | €54,143 | €43,315 | -€10,829 | -20.0% |
| Reserves | 13 | €14,908 | €17,449 | +€2,541 | +17.0% |
| Non-distributable reserves | 130/1 | €14,908 | €17,449 | +€2,541 | +17.0% |
| Legal reserve | 130 | €14,908 | €17,449 | +€2,541 | +17.0% |
| Profit (loss) carried forward | 14 | €283,246 | €331,527 | +€48,281 | +17.0% |
| Amounts payable | 17/49 | €2,163,605 | €1,074,513 | -€1.1m | -50.3% |
| Amounts payable after more than one year | 17 | €435,263 | €139,819 | -€295,444 | -67.9% |
| Financial debts | 170/4 | €435,263 | €139,819 | -€295,444 | -67.9% |
| Amounts payable within one year | 42/48 | €1,695,080 | €898,694 | -€796,386 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €110,561 | €108,794 | -€1,767 | -1.6% |
| Financial debts | 43 | €36,863 | - | -€36,863 | |
| Credit institutions | 430/8 | €36,863 | - | -€36,863 | |
| Trade debts | 44 | €1,214,411 | €484,429 | -€729,982 | -60.1% |
| Suppliers | 440/4 | €1,214,411 | €484,429 | -€729,982 | -60.1% |
| Advances received on contracts in progress | 46 | - | €33,589 | +€33,589 | |
| Taxes, remuneration and social security | 45 | €333,245 | €271,882 | -€61,363 | -18.4% |
| Taxes | 450/3 | €87,488 | €60,087 | -€27,401 | -31.3% |
| Remuneration and social security | 454/9 | €245,757 | €211,795 | -€33,962 | -13.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €33,261 | €36,001 | +€2,740 | +8.2% |
| Non-recurring operating income | 76A | €21,917 | €93,163 | +€71,246 | +325% |
| Remuneration, social security and pensions | 62 | €994,466 | €997,385 | +€2,919 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,444 | €155,755 | -€3,689 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,435 | +€3,435 | |
| Other operating charges | 640/8 | €18,560 | €21,491 | +€2,931 | +15.8% |
| Non-recurring operating charges | 66A | €3 | €1,537 | +€1,534 | +53,624% |
| Gross operating margin | 9900 | €1,451,598 | €1,355,281 | -€96,318 | -6.6% |
| Operating profit (loss) | 9901 | €279,125 | €175,678 | -€103,447 | -37.1% |
| Financial income | 75/76B | €673 | €1,194 | +€520 | +77.2% |
| Recurring financial income | 75 | €673 | €1,194 | +€520 | +77.2% |
| Financial charges | 65/66B | €123,896 | €102,470 | -€21,426 | -17.3% |
| Recurring financial charges | 65 | €123,896 | €102,470 | -€21,426 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €155,903 | €74,402 | -€81,500 | -52.3% |
| Income taxes | 67/77 | €45,265 | €23,580 | -€21,685 | -47.9% |
| Profit (loss) for the period | 9904 | €110,638 | €50,823 | -€59,815 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €110,638 | €50,823 | -€59,815 | -54.1% |
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 27 October 2026 via checked.be.