D-DECO: what changed
Two fiscal 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.
D-DECO
Largest movements
- Receivables within one year -€214,461
down €214,461 (-55.9%), from €383,835 to €169,373
of which Trade receivables: -€158,763
- Cash +€142,566
up €142,566 (+917.4%), from €15,540 to €158,106
mainly Receivables within one year (+€214,461) and Depreciation (+€70,641)
- Tangible fixed assets -€32,955
down €32,955 (-6.6%), from €497,613 to €464,657
of which Furniture and vehicles: -€43,261
- Reserves -€63,282
down €63,282 (-21.8%), from €290,263 to €226,981
of which Distributable reserves: -€63,282
- Advances received -€43,758
down €43,758 (-52.6%), from €83,158 to €39,400
- Debts after one year -€14,899
down €14,899 (-4.8%), from €311,529 to €296,630
- Tax, wage and social debts +€10,763
up €10,763 (+17.7%), from €60,653 to €71,416
of which Taxes: +€14,021
- Current portion of long-term debt -€9,774
down €9,774 (-14.3%), from €68,399 to €58,625
- Gross operating margin +€141,459
up €141,459 (+14.7%), from €963,813 to €1.1m
- Staff costs +€104,429
up €104,429 (+13.1%), from €795,589 to €900,019
- Other operating charges -€22,253
down €22,253 (-52.7%), from €42,218 to €19,964
- Taxes +€12,065
up €12,065 (+79.1%), from €15,260 to €27,325
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.
Cash bridge derived
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 | €951,813 | €841,581 | -€110,231 | -11.6% |
| Fixed assets | 21/28 | €533,613 | €495,257 | -€38,355 | -7.2% |
| Tangible fixed assets | 22/27 | €497,613 | €464,657 | -€32,955 | -6.6% |
| Land and buildings | 22 | €324,828 | €295,911 | -€28,917 | -8.9% |
| Plant, machinery and equipment | 23 | €41,690 | €34,654 | -€7,036 | -16.9% |
| Furniture and vehicles | 24 | €65,670 | €22,408 | -€43,261 | -65.9% |
| Leasing and similar rights | 25 | - | €55,051 | +€55,051 | |
| Other tangible fixed assets | 26 | €65,425 | €56,633 | -€8,792 | -13.4% |
| Financial fixed assets | 28 | €36,000 | €30,600 | -€5,400 | -15.0% |
| Current assets | 29/58 | €418,200 | €346,324 | -€71,876 | -17.2% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €383,835 | €169,373 | -€214,461 | -55.9% |
| Trade receivables | 40 | €239,462 | €80,699 | -€158,763 | -66.3% |
| Other amounts receivable | 41 | €144,373 | €88,674 | -€55,698 | -38.6% |
| Cash at bank and in hand | 54/58 | €15,540 | €158,106 | +€142,566 | +917.4% |
| Deferred charges and accrued income | 490/1 | €8,826 | €8,845 | +€19 | +0.2% |
| Total equity and liabilities | 10/49 | €951,813 | €841,581 | -€110,231 | -11.6% |
| Equity | 10/15 | €302,663 | €239,381 | -€63,282 | -20.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €290,263 | €226,981 | -€63,282 | -21.8% |
| Tax-exempt reserves | 132 | €16,490 | €16,490 | = | 0.0% |
| Distributable reserves | 133 | €273,773 | €210,491 | -€63,282 | -23.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €649,149 | €602,200 | -€46,949 | -7.2% |
| Amounts payable after more than one year | 17 | €311,529 | €296,630 | -€14,899 | -4.8% |
| Financial debts | 170/4 | €311,529 | €296,630 | -€14,899 | -4.8% |
| Amounts payable within one year | 42/48 | €337,342 | €305,570 | -€31,771 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €68,399 | €58,625 | -€9,774 | -14.3% |
| Financial debts | 43 | - | €2,537 | +€2,537 | |
| Other loans | 439 | - | €2,537 | +€2,537 | |
| Trade debts | 44 | €125,132 | €133,592 | +€8,460 | +6.8% |
| Suppliers | 440/4 | €125,132 | €133,592 | +€8,460 | +6.8% |
| Advances received on contracts in progress | 46 | €83,158 | €39,400 | -€43,758 | -52.6% |
| Taxes, remuneration and social security | 45 | €60,653 | €71,416 | +€10,763 | +17.7% |
| Taxes | 450/3 | €20,316 | €34,337 | +€14,021 | +69.0% |
| Remuneration and social security | 454/9 | €40,336 | €37,078 | -€3,258 | -8.1% |
| Accrued charges and deferred income | 492/3 | €279 | €0 | -€279 | -100.0% |
| Non-recurring operating income | 76A | €17,911 | €8,328 | -€9,583 | -53.5% |
| Remuneration, social security and pensions | 62 | €795,589 | €900,019 | +€104,429 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,226 | €70,641 | -€7,585 | -9.7% |
| Other operating charges | 640/8 | €42,218 | €19,964 | -€22,253 | -52.7% |
| Non-recurring operating charges | 66A | - | €25,222 | +€25,222 | |
| Gross operating margin | 9900 | €963,813 | €1,105,271 | +€141,459 | +14.7% |
| Operating profit (loss) | 9901 | €47,779 | €89,425 | +€41,646 | +87.2% |
| Financial income | 75/76B | €17 | €43 | +€26 | +156.1% |
| Recurring financial income | 75 | €17 | €43 | +€26 | +156.1% |
| Financial charges | 65/66B | €19,799 | €12,492 | -€7,307 | -36.9% |
| Recurring financial charges | 65 | €19,799 | €12,492 | -€7,307 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €27,997 | €76,976 | +€48,979 | +174.9% |
| Transfer from deferred taxes | 780 | €5,861 | €0 | -€5,861 | -100.0% |
| Income taxes | 67/77 | €15,260 | €27,325 | +€12,065 | +79.1% |
| Profit (loss) for the period | 9904 | €18,598 | €49,652 | +€31,054 | +167.0% |
| Transfer from tax-exempt reserves | 789 | €15,070 | €0 | -€15,070 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,668 | €49,652 | +€15,984 | +47.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.