DECARO: 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.
DECARO
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+121.4%), from €1.2m to €2.6m
of which Land and buildings: +€1.4m
- Cash -€668,200
down €668,200 (-86.0%), from €777,148 to €108,948
mainly Investment in fixed assets (net) (-€1.5m) and Trade debts (-€620,151)
- Receivables within one year -€145,267
down €145,267 (-21.2%), from €686,212 to €540,944
of which Trade receivables: -€276,094
- Revaluation surpluses +€1.5m
up €1.5m (+1005.6%), from €146,671 to €1.6m
- Trade debts -€620,151
down €620,151 (-55.9%), from €1.1m to €488,791
- Debts after one year -€267,715
down €267,715 (-23.0%), from €1.2m to €898,784
of which Other amounts payable: -€150,000
- Reserves +€61,839
up €61,839 (+25.2%), from €245,159 to €306,998
- Tax, wage and social debts -€43,156
down €43,156 (-42.0%), from €102,810 to €59,654
of which Taxes: -€27,721
- Gross operating margin -€32,253
down €32,253 (-2.9%), from €1.1m to €1.1m
- Financial charges -€29,017
down €29,017 (-25.0%), from €116,009 to €86,992
- Staff costs -€23,553
down €23,553 (-2.7%), from €857,414 to €833,861
- Depreciation +€19,625
up €19,625 (+25.5%), from €76,865 to €96,490
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 | €2,860,694 | €3,467,724 | +€607,030 | +21.2% |
| Fixed assets | 21/28 | €1,172,011 | €2,593,800 | +€1.4m | +121.3% |
| Tangible fixed assets | 22/27 | €1,171,211 | €2,593,000 | +€1.4m | +121.4% |
| Land and buildings | 22 | €1,083,890 | €2,500,000 | +€1.4m | +130.7% |
| Plant, machinery and equipment | 23 | €1,295 | €2,117 | +€822 | +63.5% |
| Furniture and vehicles | 24 | €6,134 | €26,751 | +€20,617 | +336.1% |
| Leasing and similar rights | 25 | €79,893 | €64,132 | -€15,761 | -19.7% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €1,688,683 | €873,924 | -€814,759 | -48.2% |
| Stocks and contracts in progress | 3 | €219,952 | €212,517 | -€7,435 | -3.4% |
| Stocks | 30/36 | €156,031 | €135,498 | -€20,533 | -13.2% |
| Contracts in progress | 37 | €63,922 | €77,020 | +€13,098 | +20.5% |
| Amounts receivable within one year | 40/41 | €686,212 | €540,944 | -€145,267 | -21.2% |
| Trade receivables | 40 | €631,377 | €355,283 | -€276,094 | -43.7% |
| Other amounts receivable | 41 | €54,835 | €185,661 | +€130,827 | +238.6% |
| Cash at bank and in hand | 54/58 | €777,148 | €108,948 | -€668,200 | -86.0% |
| Deferred charges and accrued income | 490/1 | €5,370 | €11,514 | +€6,144 | +114.4% |
| Total equity and liabilities | 10/49 | €2,860,694 | €3,467,724 | +€607,030 | +21.2% |
| Equity | 10/15 | €410,430 | €1,947,234 | +€1.5m | +374.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €146,671 | €1,621,636 | +€1.5m | +1005.6% |
| Reserves | 13 | €245,159 | €306,998 | +€61,839 | +25.2% |
| Distributable reserves | 133 | €245,159 | €306,998 | +€61,839 | +25.2% |
| Amounts payable | 17/49 | €2,450,264 | €1,520,490 | -€929,774 | -37.9% |
| Amounts payable after more than one year | 17 | €1,166,499 | €898,784 | -€267,715 | -23.0% |
| Financial debts | 170/4 | €691,499 | €573,784 | -€117,715 | -17.0% |
| Other amounts payable | 178/9 | €475,000 | €325,000 | -€150,000 | -31.6% |
| Amounts payable within one year | 42/48 | €1,280,454 | €618,773 | -€661,682 | -51.7% |
| Current portion of amounts payable after more than one year | 42 | €68,703 | €70,328 | +€1,625 | +2.4% |
| Trade debts | 44 | €1,108,942 | €488,791 | -€620,151 | -55.9% |
| Suppliers | 440/4 | €1,108,942 | €488,791 | -€620,151 | -55.9% |
| Taxes, remuneration and social security | 45 | €102,810 | €59,654 | -€43,156 | -42.0% |
| Taxes | 450/3 | €27,782 | €61 | -€27,721 | -99.8% |
| Remuneration and social security | 454/9 | €75,028 | €59,593 | -€15,435 | -20.6% |
| Accrued charges and deferred income | 492/3 | €3,310 | €2,934 | -€376 | -11.4% |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €857,414 | €833,861 | -€23,553 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,865 | €96,490 | +€19,625 | +25.5% |
| Other operating charges | 640/8 | €11,847 | €12,891 | +€1,044 | +8.8% |
| Gross operating margin | 9900 | €1,131,482 | €1,099,229 | -€32,253 | -2.9% |
| Operating profit (loss) | 9901 | €185,356 | €155,987 | -€29,369 | -15.8% |
| Financial income | 75/76B | €0 | €2,010 | +€2,010 | |
| Recurring financial income | 75 | €0 | €2,010 | +€2,010 | |
| Financial charges | 65/66B | €116,009 | €86,992 | -€29,017 | -25.0% |
| Recurring financial charges | 65 | €116,009 | €86,992 | -€29,017 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €69,347 | €71,005 | +€1,658 | +2.4% |
| Income taxes | 67/77 | €25,537 | €25,019 | -€519 | -2.0% |
| Profit (loss) for the period | 9904 | €43,810 | €45,986 | +€2,176 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,810 | €45,986 | +€2,176 | +5.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.