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.
DECO
Largest movements
- Tangible fixed assets +€448,563
up €448,563 (+21.4%), from €2.1m to €2.5m
of which Land and buildings: +€452,570
- Cash +€388,392
up €388,392 (+1372.8%), from €28,292 to €416,684
mainly Debts after one year (+€881,307) and Depreciation (+€69,031)
- Debts after one year +€881,307
up €881,307 (+210.1%), from €419,549 to €1.3m
- Trade debts -€85,232
down €85,232 (-98.9%), from €86,161 to €929
- Depreciation -€48,057
down €48,057 (-41.0%), from €117,088 to €69,031
- Financial charges +€42,484
up €42,484 (+71.8%), from €59,143 to €101,627
- Gross operating margin +€15,129
up €15,129 (+7.9%), from €192,089 to €207,218
- Other operating charges -€12,429
down €12,429 (-34.6%), from €35,905 to €23,475
- Taxes +€8,556
up €8,556 (+559.8%), from €1,528 to €10,085
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 | €2,151,018 | €2,966,264 | +€815,246 | +37.9% |
| Fixed assets | 21/28 | €2,098,978 | €2,547,542 | +€448,563 | +21.4% |
| Tangible fixed assets | 22/27 | €2,098,978 | €2,547,542 | +€448,563 | +21.4% |
| Land and buildings | 22 | €2,086,018 | €2,538,589 | +€452,570 | +21.7% |
| Plant, machinery and equipment | 23 | €885 | €1,932 | +€1,047 | +118.4% |
| Furniture and vehicles | 24 | €12,075 | €7,021 | -€5,054 | -41.9% |
| Current assets | 29/58 | €52,040 | €418,723 | +€366,683 | +704.6% |
| Amounts receivable within one year | 40/41 | €23,747 | €2,038 | -€21,709 | -91.4% |
| Other amounts receivable | 41 | €23,747 | €2,038 | -€21,709 | -91.4% |
| Cash at bank and in hand | 54/58 | €28,292 | €416,684 | +€388,392 | +1372.8% |
| Total equity and liabilities | 10/49 | €2,151,018 | €2,966,264 | +€815,246 | +37.9% |
| Equity | 10/15 | €581,876 | €585,332 | +€3,455 | +0.6% |
| Contributions | 10/11 | €166,619 | €166,619 | = | 0.0% |
| Reserves | 13 | €415,257 | €418,712 | +€3,455 | +0.8% |
| Distributable reserves | 133 | €415,257 | €418,712 | +€3,455 | +0.8% |
| Amounts payable | 17/49 | €1,569,142 | €2,380,932 | +€811,791 | +51.7% |
| Amounts payable after more than one year | 17 | €419,549 | €1,300,856 | +€881,307 | +210.1% |
| Financial debts | 170/4 | €419,549 | €1,300,856 | +€881,307 | +210.1% |
| Amounts payable within one year | 42/48 | €1,149,592 | €1,080,076 | -€69,516 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €86,161 | €929 | -€85,232 | -98.9% |
| Suppliers | 440/4 | €86,161 | €929 | -€85,232 | -98.9% |
| Taxes, remuneration and social security | 45 | €15,526 | €18,984 | +€3,457 | +22.3% |
| Taxes | 450/3 | €15,526 | €18,984 | +€3,457 | +22.3% |
| Other amounts payable | 47/48 | €947,905 | €960,163 | +€12,259 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,088 | €69,031 | -€48,057 | -41.0% |
| Other operating charges | 640/8 | €35,905 | €23,475 | -€12,429 | -34.6% |
| Gross operating margin | 9900 | €192,089 | €207,218 | +€15,129 | +7.9% |
| Operating profit (loss) | 9901 | €39,096 | €114,712 | +€75,616 | +193.4% |
| Financial income | 75/76B | €1,187 | €456 | -€731 | -61.6% |
| Recurring financial income | 75 | €1,187 | €456 | -€731 | -61.6% |
| Financial charges | 65/66B | €59,143 | €101,627 | +€42,484 | +71.8% |
| Recurring financial charges | 65 | €59,143 | €101,627 | +€42,484 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,860 | €13,540 | +€32,400 | |
| Income taxes | 67/77 | €1,528 | €10,085 | +€8,556 | +559.8% |
| Profit (loss) for the period | 9904 | -€20,389 | €3,455 | +€23,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,389 | €3,455 | +€23,844 |
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.