DECLO: what changed
DECLO
Largest movements
- Cash -€429,971
down €429,971 (-86.1%), from €499,353 to €69,382
mainly Current investments (-€299,939) and Debts after one year (-€133,000)
- Current investments +€299,939
new in 2026: €299,939
- Tangible fixed assets -€20,015
down €20,015 (-4.2%), from €473,544 to €453,529
of which Land and buildings: -€16,515
- Debts after one year -€133,000
down €133,000 (-37.8%), from €351,668 to €218,668
- Other debts -€50,000
down €50,000 (-62.1%), from €80,478 to €30,478
- Profit (loss) carried forward +€37,102
up €37,102 (+16.6%), from €224,170 to €261,271
- Financial income -€4,052
down €4,052 (-98.2%), from €4,124 to €72
- Financial charges -€3,830
down €3,830 (-98.6%), from €3,884 to €54
- Depreciation +€1,750
up €1,750 (+9.6%), from €18,265 to €20,015
- Gross operating margin +€1,286
up €1,286 (+1.8%), from €70,797 to €72,083
- Other operating charges +€1,059
up €1,059 (+55.0%), from €1,926 to €2,985
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €972,897 | €822,851 | -€150,046 | -15.4% |
| Fixed assets | 21/28 | €473,544 | €453,529 | -€20,015 | -4.2% |
| Tangible fixed assets | 22/27 | €473,544 | €453,529 | -€20,015 | -4.2% |
| Land and buildings | 22 | €468,294 | €451,779 | -€16,515 | -3.5% |
| Plant, machinery and equipment | 23 | €5,250 | €1,750 | -€3,500 | -66.7% |
| Current assets | 29/58 | €499,353 | €369,321 | -€130,031 | -26.0% |
| Current investments | 50/53 | - | €299,939 | +€299,939 | |
| Cash at bank and in hand | 54/58 | €499,353 | €69,382 | -€429,971 | -86.1% |
| Total equity and liabilities | 10/49 | €972,897 | €822,851 | -€150,046 | -15.4% |
| Equity | 10/15 | €499,170 | €536,271 | +€37,102 | +7.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,170 | €261,271 | +€37,102 | +16.6% |
| Amounts payable | 17/49 | €473,727 | €286,579 | -€187,148 | -39.5% |
| Amounts payable after more than one year | 17 | €351,668 | €218,668 | -€133,000 | -37.8% |
| Financial debts | 170/4 | €351,668 | €218,668 | -€133,000 | -37.8% |
| Amounts payable within one year | 42/48 | €86,568 | €32,420 | -€54,148 | -62.5% |
| Trade debts | 44 | €1,755 | €1,942 | +€188 | +10.7% |
| Suppliers | 440/4 | €1,755 | €1,942 | +€188 | +10.7% |
| Taxes, remuneration and social security | 45 | €4,335 | - | -€4,335 | |
| Taxes | 450/3 | €4,335 | - | -€4,335 | |
| Other amounts payable | 47/48 | €80,478 | €30,478 | -€50,000 | -62.1% |
| Accrued charges and deferred income | 492/3 | €35,492 | €35,492 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,265 | €20,015 | +€1,750 | +9.6% |
| Other operating charges | 640/8 | €1,926 | €2,985 | +€1,059 | +55.0% |
| Gross operating margin | 9900 | €70,797 | €72,083 | +€1,286 | +1.8% |
| Operating profit (loss) | 9901 | €50,606 | €49,084 | -€1,522 | -3.0% |
| Financial income | 75/76B | €4,124 | €72 | -€4,052 | -98.2% |
| Recurring financial income | 75 | €4,124 | €72 | -€4,052 | -98.2% |
| Financial charges | 65/66B | €3,884 | €54 | -€3,830 | -98.6% |
| Recurring financial charges | 65 | €3,884 | €54 | -€3,830 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €50,846 | €49,102 | -€1,744 | -3.4% |
| Income taxes | 67/77 | €12,835 | €12,000 | -€835 | -6.5% |
| Profit (loss) for the period | 9904 | €38,010 | €37,102 | -€908 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,010 | €37,102 | -€908 | -2.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.