A&P DECO: 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.
What changed
A&P DECO
NACE 81.300, Landscape service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€54,767
2024 · -€64,514+€9,748
Equity
€139,413
2024 · €194,180-€54,767
Cash
€3,015
2024 · €156+€2,859
Balance sheet total
€527,975
2024 · €1.2m-€644,150
Largest movements
Assets
- Tangible fixed assets -€352,275
down €352,275 (-74.2%), from €474,832 to €122,557
of which Land and buildings: -€199,168
- Receivables within one year -€290,068
down €290,068 (-52.8%), from €549,359 to €259,291
of which Other amounts receivable: -€262,254
Equity and liabilities
- Other debts -€336,676
down €336,676 (-78.9%), from €426,794 to €90,117
- Short-term financial debts -€151,190
down €151,190 (-60.2%), from €251,190 to €100,000
- Debts after one year -€83,557
down €83,557 (-43.9%), from €190,400 to €106,843
- Profit (loss) carried forward -€54,767
down €54,767 (-84.9%), from -€64,514 to -€119,281
- Tax, wage and social debts -€17,680
down €17,680 (-97.3%), from €18,176 to €496
Income statement
- Gross operating margin +€47,358
up €47,358 (+72.3%), from €65,497 to €112,855
- Depreciation -€43,921
down €43,921 (-52.6%), from €83,428 to €39,507
- Financial charges -€18,003
down €18,003 (-52.9%), from €34,033 to €16,030
- Financial income -€9,460
down €9,460 (-94.1%), from €10,048 to €588
- Write-downs -€7,384
down €7,384 (-100%), from €7,384 to €0
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.
Result 2024
-€64,514
Gross operating margin
+€47,358
Staff costs
-€1,877
Depreciation
+€43,921
Write-downs
+€7,384
Other operating charges
-€4,246
Other operating items
-€91,195
Financial income
-€9,460
Financial charges
+€18,003
Taxes
-€142
Result 2025
-€54,767
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€75,436
Investment
+€312,768
Financing
-€234,473
Cash 2024
€156
From operations (derived)
-€75,436
Net result for the year
-€54,767
Depreciation
+€39,507
Stocks and contracts
+€4,615
Receivables within one year
+€290,068
Smaller working-capital items
-€504
Tax, wage and social debts
-€17,680
Other debts
-€336,676
Investment (derived)
+€312,768
Investment in fixed assets (net)
+€312,768
Financing
-€234,473
Debts after one year
-€83,557
Current portion of long-term debt
+€275
Short-term financial debts
-€151,190
Cash 2025
€3,015
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,172,125 | €527,975 | -€644,150 | -55.0% |
| Fixed assets | 21/28 | €601,333 | €249,058 | -€352,275 | -58.6% |
| Tangible fixed assets | 22/27 | €474,832 | €122,557 | -€352,275 | -74.2% |
| Land and buildings | 22 | €224,839 | €25,671 | -€199,168 | -88.6% |
| Plant, machinery and equipment | 23 | €24,802 | €24,500 | -€301 | -1.2% |
| Furniture and vehicles | 24 | €195,259 | €50,442 | -€144,817 | -74.2% |
| Leasing and similar rights | 25 | €29,933 | €21,944 | -€7,988 | -26.7% |
| Financial fixed assets | 28 | €126,500 | €126,500 | = | 0.0% |
| Current assets | 29/58 | €570,792 | €278,917 | -€291,875 | -51.1% |
| Stocks and contracts in progress | 3 | €20,240 | €15,624 | -€4,615 | -22.8% |
| Stocks | 30/36 | €9,300 | €9,300 | = | 0.0% |
| Contracts in progress | 37 | €10,940 | €6,324 | -€4,615 | -42.2% |
| Amounts receivable within one year | 40/41 | €549,359 | €259,291 | -€290,068 | -52.8% |
| Trade receivables | 40 | €79,144 | €51,330 | -€27,814 | -35.1% |
| Other amounts receivable | 41 | €470,215 | €207,961 | -€262,254 | -55.8% |
| Cash at bank and in hand | 54/58 | €156 | €3,015 | +€2,859 | +1,829% |
| Deferred charges and accrued income | 490/1 | €1,037 | €986 | -€51 | -4.9% |
| Total equity and liabilities | 10/49 | €1,172,125 | €527,975 | -€644,150 | -55.0% |
| Equity | 10/15 | €194,180 | €139,413 | -€54,767 | -28.2% |
| Contributions | 10/11 | €81,397 | €81,397 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,397 | €1,397 | = | 0.0% |
| Share premium | 1100/10 | €1,397 | €1,397 | = | 0.0% |
| Reserves | 13 | €177,297 | €177,297 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,361 | €16,361 | = | 0.0% |
| Distributable reserves | 133 | €152,936 | €152,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,514 | -€119,281 | -€54,767 | -84.9% |
| Amounts payable | 17/49 | €977,945 | €388,562 | -€589,383 | -60.3% |
| Amounts payable after more than one year | 17 | €190,400 | €106,843 | -€83,557 | -43.9% |
| Financial debts | 170/4 | €190,400 | €106,843 | -€83,557 | -43.9% |
| Amounts payable within one year | 42/48 | €787,517 | €281,719 | -€505,798 | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €83,283 | €83,557 | +€275 | +0.3% |
| Financial debts | 43 | €251,190 | €100,000 | -€151,190 | -60.2% |
| Credit institutions | 430/8 | €251,190 | €100,000 | -€151,190 | -60.2% |
| Trade debts | 44 | €8,075 | €7,548 | -€526 | -6.5% |
| Suppliers | 440/4 | €8,075 | €7,548 | -€526 | -6.5% |
| Taxes, remuneration and social security | 45 | €18,176 | €496 | -€17,680 | -97.3% |
| Taxes | 450/3 | €18,176 | €496 | -€17,680 | -97.3% |
| Other amounts payable | 47/48 | €426,794 | €90,117 | -€336,676 | -78.9% |
| Accrued charges and deferred income | 492/3 | €28 | €0 | -€28 | -100% |
| Non-recurring operating income | 76A | €1,939 | €166,939 | +€165,000 | +8,509% |
| Remuneration, social security and pensions | 62 | - | €1,877 | +€1,877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,428 | €39,507 | -€43,921 | -52.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,384 | €0 | -€7,384 | -100% |
| Other operating charges | 640/8 | €4,215 | €8,460 | +€4,246 | +101% |
| Non-recurring operating charges | 66A | €10,645 | €101,840 | +€91,195 | +857% |
| Gross operating margin | 9900 | €65,497 | €112,855 | +€47,358 | +72.3% |
| Operating profit (loss) | 9901 | -€40,175 | -€38,829 | +€1,346 | +3.3% |
| Financial income | 75/76B | €10,048 | €588 | -€9,460 | -94.1% |
| Recurring financial income | 75 | €10,048 | €588 | -€9,460 | -94.1% |
| Financial charges | 65/66B | €34,033 | €16,030 | -€18,003 | -52.9% |
| Recurring financial charges | 65 | €34,033 | €16,030 | -€18,003 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | -€64,160 | -€54,271 | +€9,889 | +15.4% |
| Income taxes | 67/77 | €355 | €496 | +€142 | +39.9% |
| Profit (loss) for the period | 9904 | -€64,514 | -€54,767 | +€9,748 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,514 | -€54,767 | +€9,748 | +15.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.