Co-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.
Co-Deco
Largest movements
- Cash -€77,610
down €77,610 (-70.6%), from €109,988 to €32,378
mainly Other debts (-€71,821) and Trade debts (-€13,749)
- Tangible fixed assets -€14,889
down €14,889 (-7.0%), from €212,490 to €197,601
of which Plant, machinery and equipment: -€9,254
- Stocks and contracts +€12,657
up €12,657 (+16.6%), from €76,338 to €88,995
- Receivables within one year -€4,921
down €4,921 (-18.9%), from €26,033 to €21,112
of which Other amounts receivable: -€3,095
- Other debts -€71,821
down €71,821 (-75.6%), from €95,053 to €23,232
- Trade debts -€13,749
down €13,749 (-85.3%), from €16,127 to €2,378
- Reserves +€12,581
up €12,581 (+10.2%), from €122,790 to €135,371
- Debts after one year -€8,739
down €8,739 (-5.8%), from €149,783 to €141,044
- Gross operating margin -€34,571
down €34,571 (-43.5%), from €79,395 to €44,824
- Depreciation -€16,306
down €16,306 (-48.0%), from €33,979 to €17,673
- Taxes -€4,638
down €4,638 (-43.6%), from €10,644 to €6,006
- Financial charges -€3,533
down €3,533 (-32.9%), from €10,744 to €7,211
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 | €429,322 | €344,765 | -€84,557 | -19.7% |
| Fixed assets | 21/28 | €212,490 | €197,601 | -€14,889 | -7.0% |
| Tangible fixed assets | 22/27 | €212,490 | €197,601 | -€14,889 | -7.0% |
| Land and buildings | 22 | €178,667 | €173,060 | -€5,607 | -3.1% |
| Plant, machinery and equipment | 23 | €33,795 | €24,541 | -€9,254 | -27.4% |
| Furniture and vehicles | 24 | €28 | - | -€28 | |
| Current assets | 29/58 | €216,832 | €147,164 | -€69,668 | -32.1% |
| Stocks and contracts in progress | 3 | €76,338 | €88,995 | +€12,657 | +16.6% |
| Stocks | 30/36 | €76,338 | €88,995 | +€12,657 | +16.6% |
| Amounts receivable within one year | 40/41 | €26,033 | €21,112 | -€4,921 | -18.9% |
| Trade receivables | 40 | €18,944 | €17,118 | -€1,827 | -9.6% |
| Other amounts receivable | 41 | €7,089 | €3,994 | -€3,095 | -43.7% |
| Cash at bank and in hand | 54/58 | €109,988 | €32,378 | -€77,610 | -70.6% |
| Deferred charges and accrued income | 490/1 | €4,473 | €4,679 | +€206 | +4.6% |
| Total equity and liabilities | 10/49 | €429,322 | €344,765 | -€84,557 | -19.7% |
| Equity | 10/15 | €142,790 | €155,371 | +€12,581 | +8.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €122,790 | €135,371 | +€12,581 | +10.2% |
| Distributable reserves | 133 | €122,790 | €135,371 | +€12,581 | +10.2% |
| Amounts payable | 17/49 | €286,532 | €189,394 | -€97,138 | -33.9% |
| Amounts payable after more than one year | 17 | €149,783 | €141,044 | -€8,739 | -5.8% |
| Financial debts | 170/4 | €149,783 | €141,044 | -€8,739 | -5.8% |
| Amounts payable within one year | 42/48 | €125,425 | €40,683 | -€84,742 | -67.6% |
| Current portion of amounts payable after more than one year | 42 | €9,302 | €9,460 | +€158 | +1.7% |
| Financial debts | 43 | €3,381 | €3,364 | -€16 | -0.5% |
| Credit institutions | 430/8 | €3,381 | €3,364 | -€16 | -0.5% |
| Trade debts | 44 | €16,127 | €2,378 | -€13,749 | -85.3% |
| Suppliers | 440/4 | €16,127 | €2,378 | -€13,749 | -85.3% |
| Taxes, remuneration and social security | 45 | €1,563 | €2,248 | +€685 | +43.8% |
| Taxes | 450/3 | €1,563 | €2,248 | +€685 | +43.8% |
| Other amounts payable | 47/48 | €95,053 | €23,232 | -€71,821 | -75.6% |
| Accrued charges and deferred income | 492/3 | €11,324 | €7,667 | -€3,658 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,979 | €17,673 | -€16,306 | -48.0% |
| Other operating charges | 640/8 | €1,470 | €1,355 | -€115 | -7.8% |
| Gross operating margin | 9900 | €79,395 | €44,824 | -€34,571 | -43.5% |
| Operating profit (loss) | 9901 | €43,945 | €25,796 | -€18,149 | -41.3% |
| Financial income | 75/76B | €1 | €2 | +€1 | +47.1% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +47.1% |
| Financial charges | 65/66B | €10,744 | €7,211 | -€3,533 | -32.9% |
| Recurring financial charges | 65 | €10,744 | €7,211 | -€3,533 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €33,202 | €18,587 | -€14,616 | -44.0% |
| Income taxes | 67/77 | €10,644 | €6,006 | -€4,638 | -43.6% |
| Profit (loss) for the period | 9904 | €22,558 | €12,581 | -€9,977 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,558 | €12,581 | -€9,977 | -44.2% |
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 16 October 2026 via checked.be.