DAR-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.
DAR-DECO
Largest movements
- Receivables within one year +€543,736
up €543,736 (+138.6%), from €392,329 to €936,065
of which Trade receivables: +€531,112
- Cash -€402,435
down €402,435 (-58.3%), from €690,569 to €288,134
mainly Receivables within one year (-€543,736) and Tax, wage and social debts (-€70,523)
- Debts after one year +€203,252
up €203,252 (+83.0%), from €245,023 to €448,275
- Tax, wage and social debts -€70,523
down €70,523 (-90.3%), from €78,106 to €7,583
of which Taxes: -€69,649
- Other debts -€70,000
down €70,000 (-11.7%), from €600,000 to €530,000
- Trade debts +€63,021
up €63,021 (+35.9%), from €175,431 to €238,453
- Gross operating margin -€411,279
down €411,279 (-76.8%), from €535,665 to €124,387
- Taxes -€32,080
down €32,080 (-44.9%), from €71,428 to €39,348
- Other operating charges -€31,816
down €31,816 (-83.1%), from €38,269 to €6,453
- Financial charges +€12,006
up €12,006 (+174.0%), from €6,900 to €18,907
- Financial income -€6,045
down €6,045 (-99.0%), from €6,104 to €59
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 | €1,761,652 | €1,894,543 | +€132,890 | +7.5% |
| Fixed assets | 21/28 | €492,684 | €485,836 | -€6,848 | -1.4% |
| Tangible fixed assets | 22/27 | €492,484 | €485,636 | -€6,848 | -1.4% |
| Land and buildings | 22 | €440,137 | €423,728 | -€16,409 | -3.7% |
| Plant, machinery and equipment | 23 | €9,633 | €30,758 | +€21,125 | +219.3% |
| Furniture and vehicles | 24 | €31,477 | €22,811 | -€8,666 | -27.5% |
| Other tangible fixed assets | 26 | €11,237 | €8,339 | -€2,898 | -25.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,268,968 | €1,408,707 | +€139,739 | +11.0% |
| Amounts receivable after more than one year | 29 | €182,700 | €182,700 | = | 0.0% |
| Other amounts receivable | 291 | €182,700 | €182,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €392,329 | €936,065 | +€543,736 | +138.6% |
| Trade receivables | 40 | €341,637 | €872,749 | +€531,112 | +155.5% |
| Other amounts receivable | 41 | €50,692 | €63,316 | +€12,624 | +24.9% |
| Cash at bank and in hand | 54/58 | €690,569 | €288,134 | -€402,435 | -58.3% |
| Deferred charges and accrued income | 490/1 | €3,371 | €1,808 | -€1,562 | -46.3% |
| Total equity and liabilities | 10/49 | €1,761,652 | €1,894,543 | +€132,890 | +7.5% |
| Equity | 10/15 | €611,801 | €619,804 | +€8,003 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,333 | €202,333 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €200,473 | €200,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | €390,869 | €398,872 | +€8,003 | +2.0% |
| Amounts payable | 17/49 | €1,149,851 | €1,274,738 | +€124,887 | +10.9% |
| Amounts payable after more than one year | 17 | €245,023 | €448,275 | +€203,252 | +83.0% |
| Financial debts | 170/4 | €245,023 | €448,275 | +€203,252 | +83.0% |
| Amounts payable within one year | 42/48 | €904,828 | €826,463 | -€78,365 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €42,627 | €41,764 | -€863 | -2.0% |
| Trade debts | 44 | €175,431 | €238,453 | +€63,021 | +35.9% |
| Suppliers | 440/4 | €175,431 | €238,453 | +€63,021 | +35.9% |
| Advances received on contracts in progress | 46 | €8,664 | €8,664 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €78,106 | €7,583 | -€70,523 | -90.3% |
| Taxes | 450/3 | €74,506 | €4,856 | -€69,649 | -93.5% |
| Remuneration and social security | 454/9 | €3,600 | €2,726 | -€874 | -24.3% |
| Other amounts payable | 47/48 | €600,000 | €530,000 | -€70,000 | -11.7% |
| Remuneration, social security and pensions | 62 | €21,525 | €19,098 | -€2,427 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,928 | €32,637 | -€2,291 | -6.6% |
| Other operating charges | 640/8 | €38,269 | €6,453 | -€31,816 | -83.1% |
| Gross operating margin | 9900 | €535,665 | €124,387 | -€411,279 | -76.8% |
| Operating profit (loss) | 9901 | €440,944 | €66,199 | -€374,744 | -85.0% |
| Financial income | 75/76B | €6,104 | €59 | -€6,045 | -99.0% |
| Recurring financial income | 75 | €6,104 | €59 | -€6,045 | -99.0% |
| Financial charges | 65/66B | €6,900 | €18,907 | +€12,006 | +174.0% |
| Recurring financial charges | 65 | €6,900 | €18,907 | +€12,006 | +174.0% |
| Profit (loss) for the period before taxes | 9903 | €440,147 | €47,351 | -€392,796 | -89.2% |
| Income taxes | 67/77 | €71,428 | €39,348 | -€32,080 | -44.9% |
| Profit (loss) for the period | 9904 | €368,719 | €8,003 | -€360,716 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €368,719 | €8,003 | -€360,716 | -97.8% |
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 12 October 2026 via checked.be.