DECEBRA: 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
DECEBRA
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €318,401+€744,902
Equity
€7.9m
2024 · €7.3m+€654,735
Cash
€2.7m
2024 · €1.7m+€1.0m
Balance sheet total
€57.7m
2024 · €56.4m+€1.4m
Largest movements
Assets
- Tangible fixed assets -€1.4m
down €1.4m (-4.6%), from €29.7m to €28.3m
of which Land and buildings: -€1.3m
- Financial fixed assets +€1.3m
up €1.3m (+6.3%), from €20.0m to €21.3m
- Cash +€1.0m
up €1.0m (+60.4%), from €1.7m to €2.7m
mainly Depreciation (+€1.9m) and Net result for the year (+€1.1m)
- Current investments +€1.0m
up €1.0m (+30.0%), from €3.3m to €4.3m
Equity and liabilities
- Current portion of long-term debt +€945,351
up €945,351 (+49.2%), from €1.9m to €2.9m
- Reserves +€654,735
up €654,735 (+9.7%), from €6.7m to €7.4m
of which Distributable reserves: +€726,972
- Trade debts -€616,559
down €616,559 (-72.7%), from €848,303 to €231,744
Income statement
- Gross operating margin +€1.6m
up €1.6m (+38.7%), from €4.2m to €5.8m
- Depreciation +€349,413
up €349,413 (+21.9%), from €1.6m to €1.9m
- Other operating charges +€282,709
up €282,709 (+65.9%), from €429,286 to €711,995
- Taxes +€266,273
up €266,273 (+167%), from €158,987 to €425,260
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
€318,401
Gross operating margin
+€1.6m
Staff costs
-€589
Depreciation
-€349,413
Other operating charges
-€282,709
Financial income
+€27,711
Financial charges
-€10,567
Taxes
-€266,273
Deferred taxes and other
+€6,615
Result 2025
€1.1m
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
+€3.2m
Investment
-€2.9m
Financing
+€674,562
Cash 2024
€1.7m
From operations (derived)
+€3.2m
Net result for the year
+€1.1m
Depreciation
+€1.9m
Receivables within one year
+€271,708
Deferred charges and accrued income
+€311,010
Provisions
-€24,079
Trade debts
-€616,559
Tax, wage and social debts
+€87,123
Other debts
+€301,233
Accrued charges and deferred income
-€133,865
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€1.9m
Current investments
-€1.0m
Financing
+€674,562
Debts after one year
+€137,778
Current portion of long-term debt
+€945,351
Contributions, distributions and other
-€408,567
Cash 2025
€2.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,383,361 | €57,735,078 | +€1.4m | +2.4% |
| Fixed assets | 21/28 | €49,665,770 | €49,577,742 | -€88,027 | -0.2% |
| Tangible fixed assets | 22/27 | €29,663,895 | €28,306,527 | -€1.4m | -4.6% |
| Land and buildings | 22 | €29,191,191 | €27,932,948 | -€1.3m | -4.3% |
| Plant, machinery and equipment | 23 | €5,128 | €4,558 | -€570 | -11.1% |
| Furniture and vehicles | 24 | €119,618 | €84,392 | -€35,226 | -29.4% |
| Leasing and similar rights | 25 | €347,958 | €284,630 | -€63,328 | -18.2% |
| Financial fixed assets | 28 | €20,001,875 | €21,271,215 | +€1.3m | +6.3% |
| Current assets | 29/58 | €6,717,591 | €8,157,335 | +€1.4m | +21.4% |
| Amounts receivable within one year | 40/41 | €1,330,973 | €1,059,266 | -€271,708 | -20.4% |
| Trade receivables | 40 | €1,091,468 | €976,976 | -€114,491 | -10.5% |
| Other amounts receivable | 41 | €239,506 | €82,289 | -€157,217 | -65.6% |
| Current investments | 50/53 | €3,334,079 | €4,334,079 | +€1.0m | +30.0% |
| Cash at bank and in hand | 54/58 | €1,692,813 | €2,715,275 | +€1.0m | +60.4% |
| Deferred charges and accrued income | 490/1 | €359,726 | €48,716 | -€311,010 | -86.5% |
| Total equity and liabilities | 10/49 | €56,383,361 | €57,735,078 | +€1.4m | +2.4% |
| Equity | 10/15 | €7,266,855 | €7,921,590 | +€654,735 | +9.0% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Capital | 10 | €525,000 | €525,000 | = | 0.0% |
| Issued capital | 100 | €525,000 | €525,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,052 | €5,052 | = | 0.0% |
| Reserves | 13 | €6,736,803 | €7,391,539 | +€654,735 | +9.7% |
| Non-distributable reserves | 130/1 | €52,500 | €52,500 | = | 0.0% |
| Legal reserve | 130 | €52,500 | €52,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €950,839 | €878,602 | -€72,237 | -7.6% |
| Distributable reserves | 133 | €5,733,465 | €6,460,437 | +€726,972 | +12.7% |
| Provisions and deferred taxes | 16 | €299,780 | €275,701 | -€24,079 | -8.0% |
| Deferred taxes | 168 | €299,780 | €275,701 | -€24,079 | -8.0% |
| Amounts payable | 17/49 | €48,816,726 | €49,537,787 | +€721,061 | +1.5% |
| Amounts payable after more than one year | 17 | €42,137,513 | €42,275,291 | +€137,778 | +0.3% |
| Financial debts | 170/4 | €42,137,513 | €42,275,291 | +€137,778 | +0.3% |
| Amounts payable within one year | 42/48 | €5,313,730 | €6,030,878 | +€717,148 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €1,921,062 | €2,866,413 | +€945,351 | +49.2% |
| Trade debts | 44 | €848,303 | €231,744 | -€616,559 | -72.7% |
| Suppliers | 440/4 | €848,303 | €231,744 | -€616,559 | -72.7% |
| Taxes, remuneration and social security | 45 | €47,370 | €134,493 | +€87,123 | +184% |
| Taxes | 450/3 | €32,374 | €121,458 | +€89,084 | +275% |
| Remuneration and social security | 454/9 | €14,996 | €13,035 | -€1,962 | -13.1% |
| Other amounts payable | 47/48 | €2,496,995 | €2,798,228 | +€301,233 | +12.1% |
| Accrued charges and deferred income | 492/3 | €1,365,483 | €1,231,617 | -€133,865 | -9.8% |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €112,012 | €112,601 | +€589 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,597,500 | €1,946,913 | +€349,413 | +21.9% |
| Other operating charges | 640/8 | €429,286 | €711,995 | +€282,709 | +65.9% |
| Gross operating margin | 9900 | €4,190,316 | €5,810,442 | +€1.6m | +38.7% |
| Operating profit (loss) | 9901 | €2,051,518 | €3,038,934 | +€987,416 | +48.1% |
| Financial income | 75/76B | €57,807 | €85,519 | +€27,711 | +47.9% |
| Recurring financial income | 75 | €57,807 | €85,519 | +€27,711 | +47.9% |
| Financial charges | 65/66B | €1,649,401 | €1,659,969 | +€10,567 | +0.6% |
| Recurring financial charges | 65 | €1,649,401 | €1,659,969 | +€10,567 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €459,924 | €1,464,483 | +€1.0m | +218% |
| Transfer from deferred taxes | 780 | €17,464 | €24,079 | +€6,615 | +37.9% |
| Income taxes | 67/77 | €158,987 | €425,260 | +€266,273 | +167% |
| Profit (loss) for the period | 9904 | €318,401 | €1,063,303 | +€744,902 | +234% |
| Transfer from tax-exempt reserves | 789 | €52,392 | €72,237 | +€19,845 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €370,793 | €1,135,540 | +€764,747 | +206% |
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 17 October 2026 via checked.be.