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.
What changed
DECO
NACE 47.791, Retail sale of antiques
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,453
2024 · €5,989+€32,464
Equity
€2.1m
2024 · €2.1m+€38,453
Cash
€1,970
2024 · €8,548-€6,578
Balance sheet total
€4.7m
2024 · €4.4m+€254,578
Largest movements
Assets
- Receivables within one year +€280,507
up €280,507 (+60.4%), from €464,151 to €744,659
of which Trade receivables: +€319,164
Equity and liabilities
- Advances received +€197,655
up €197,655 (+24.5%), from €806,850 to €1.0m
- Trade debts -€96,550
down €96,550 (-42.5%), from €227,154 to €130,604
- Short-term financial debts +€93,735
up €93,735 (+16.3%), from €575,000 to €668,735
Income statement
- Staff costs -€37,473
down €37,473 (-30.3%), from €123,567 to €86,094
- Gross operating margin +€12,767
up €12,767 (+5.4%), from €234,861 to €247,628
- Taxes +€12,640
up €12,640 (+306.8%), from €4,120 to €16,760
- Financial charges +€4,781
up €4,781 (+8.6%), from €55,451 to €60,232
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
€5,989
Gross operating margin
+€12,767
Staff costs
+€37,473
Depreciation
-€1,778
Other operating charges
-€881
Other operating items
+€1,812
Financial income
+€493
Financial charges
-€4,781
Taxes
-€12,640
Result 2025
€38,453
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.
From operations
-€89,761
Investment
-€10,286
Financing
+€93,469
Cash 2024
€8,548
From operations (derived)
-€89,761
Net result for the year
+€38,453
Depreciation
+€38,524
Stocks and contracts
-€11,513
Receivables within one year
-€280,507
Deferred charges and accrued income
+€2,626
Trade debts
-€96,550
Tax, wage and social debts
+€4,061
Advances received
+€197,655
Other debts
+€26,033
Accrued charges and deferred income
-€8,542
Investment (derived)
-€10,286
Investment in fixed assets (net)
-€10,286
Financing
+€93,469
Debts after one year
-€36,669
Current portion of long-term debt
+€36,402
Short-term financial debts
+€93,735
Cash 2025
€1,970
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,417,981 | €4,672,559 | +€254,578 | +5.8% |
| Fixed assets | 21/28 | €441,386 | €413,148 | -€28,238 | -6.4% |
| Tangible fixed assets | 22/27 | €441,102 | €412,864 | -€28,238 | -6.4% |
| Land and buildings | 22 | €405,553 | €380,410 | -€25,144 | -6.2% |
| Plant, machinery and equipment | 23 | €1,931 | €2,132 | +€200 | +10.4% |
| Furniture and vehicles | 24 | €33,617 | €30,323 | -€3,295 | -9.8% |
| Financial fixed assets | 28 | €284 | €284 | = | 0.0% |
| Current assets | 29/58 | €3,976,595 | €4,259,411 | +€282,816 | +7.1% |
| Stocks and contracts in progress | 3 | €3,496,589 | €3,508,102 | +€11,513 | +0.3% |
| Stocks | 30/36 | €3,496,589 | €3,508,102 | +€11,513 | +0.3% |
| Amounts receivable within one year | 40/41 | €464,151 | €744,659 | +€280,507 | +60.4% |
| Trade receivables | 40 | €412,830 | €731,994 | +€319,164 | +77.3% |
| Other amounts receivable | 41 | €51,322 | €12,665 | -€38,657 | -75.3% |
| Cash at bank and in hand | 54/58 | €8,548 | €1,970 | -€6,578 | -77.0% |
| Deferred charges and accrued income | 490/1 | €7,306 | €4,680 | -€2,626 | -35.9% |
| Total equity and liabilities | 10/49 | €4,417,981 | €4,672,559 | +€254,578 | +5.8% |
| Equity | 10/15 | €2,078,934 | €2,117,387 | +€38,453 | +1.8% |
| Contributions | 10/11 | €422,000 | €422,000 | = | 0.0% |
| Capital | 10 | €422,000 | €422,000 | = | 0.0% |
| Issued capital | 100 | €422,000 | €422,000 | = | 0.0% |
| Reserves | 13 | €447,089 | €485,543 | +€38,453 | +8.6% |
| Non-distributable reserves | 130/1 | €42,200 | €42,200 | = | 0.0% |
| Legal reserve | 130 | €42,200 | €42,200 | = | 0.0% |
| Distributable reserves | 133 | €404,889 | €443,343 | +€38,453 | +9.5% |
| Profit (loss) carried forward | 14 | €1,209,844 | €1,209,844 | = | 0.0% |
| Amounts payable | 17/49 | €2,339,047 | €2,555,172 | +€216,125 | +9.2% |
| Amounts payable after more than one year | 17 | €309,400 | €272,731 | -€36,669 | -11.9% |
| Financial debts | 170/4 | €309,400 | €272,731 | -€36,669 | -11.9% |
| Amounts payable within one year | 42/48 | €2,014,172 | €2,275,507 | +€261,336 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €89,698 | €126,100 | +€36,402 | +40.6% |
| Financial debts | 43 | €575,000 | €668,735 | +€93,735 | +16.3% |
| Credit institutions | 430/8 | €575,000 | €668,735 | +€93,735 | +16.3% |
| Trade debts | 44 | €227,154 | €130,604 | -€96,550 | -42.5% |
| Suppliers | 440/4 | €227,154 | €130,604 | -€96,550 | -42.5% |
| Advances received on contracts in progress | 46 | €806,850 | €1,004,505 | +€197,655 | +24.5% |
| Taxes, remuneration and social security | 45 | €18,782 | €22,843 | +€4,061 | +21.6% |
| Taxes | 450/3 | €7,903 | €18,534 | +€10,630 | +134.5% |
| Remuneration and social security | 454/9 | €10,879 | €4,310 | -€6,569 | -60.4% |
| Other amounts payable | 47/48 | €296,687 | €322,720 | +€26,033 | +8.8% |
| Accrued charges and deferred income | 492/3 | €15,476 | €6,933 | -€8,542 | -55.2% |
| Remuneration, social security and pensions | 62 | €123,567 | €86,094 | -€37,473 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,746 | €38,524 | +€1,778 | +4.8% |
| Other operating charges | 640/8 | €8,038 | €8,919 | +€881 | +11.0% |
| Non-recurring operating charges | 66A | €1,812 | - | -€1,812 | |
| Gross operating margin | 9900 | €234,861 | €247,628 | +€12,767 | +5.4% |
| Operating profit (loss) | 9901 | €64,699 | €114,091 | +€49,393 | +76.3% |
| Financial income | 75/76B | €861 | €1,354 | +€493 | +57.2% |
| Recurring financial income | 75 | €861 | €1,354 | +€493 | +57.2% |
| Financial charges | 65/66B | €55,451 | €60,232 | +€4,781 | +8.6% |
| Recurring financial charges | 65 | €55,451 | €60,232 | +€4,781 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €10,109 | €55,213 | +€45,104 | +446.2% |
| Income taxes | 67/77 | €4,120 | €16,760 | +€12,640 | +306.8% |
| Profit (loss) for the period | 9904 | €5,989 | €38,453 | +€32,464 | +542.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,989 | €38,453 | +€32,464 | +542.0% |
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 30 September 2026 via checked.be.