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.
DECO
Largest movements
- Cash +€299,737
up €299,737 (+219%), from €136,805 to €436,542
mainly Current investments (+€200,000) and Net result for the year (+€198,180)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Receivables within one year -€114,544
down €114,544 (-33.4%), from €342,806 to €228,263
of which Trade receivables: -€109,397
- Tangible fixed assets -€46,896
down €46,896 (-58.7%), from €79,916 to €33,020
of which Furniture and vehicles: -€25,000
- Receivables after one year +€20,000
new in 2025: €20,000
- Other debts +€90,319
up €90,319 (+84.7%), from €106,681 to €197,000
- Debts after one year -€85,766
down €85,766 (-95.8%), from €89,497 to €3,731
of which Other amounts payable: -€63,500
- Tax, wage and social debts -€29,360
down €29,360 (-72.1%), from €40,713 to €11,353
of which Remuneration and social security: -€19,429
- Trade debts -€25,072
down €25,072 (-26.0%), from €96,256 to €71,184
- Gross operating margin +€75,740
up €75,740 (+22.9%), from €330,628 to €406,367
- Staff costs -€31,283
down €31,283 (-20.3%), from €154,454 to €123,171
- Taxes +€15,049
up €15,049 (+79.1%), from €19,014 to €34,064
- Financial income -€6,597
down €6,597 (-69.4%), from €9,504 to €2,907
- Other operating charges -€4,354
down €4,354 (-83.2%), from €5,232 to €878
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €800,411 | €748,508 | -€51,903 | -6.5% |
| Fixed assets | 21/28 | €115,599 | €63,703 | -€51,896 | -44.9% |
| Intangible fixed assets | 21 | €34,944 | €29,944 | -€5,000 | -14.3% |
| Tangible fixed assets | 22/27 | €79,916 | €33,020 | -€46,896 | -58.7% |
| Furniture and vehicles | 24 | €31,035 | €6,035 | -€25,000 | -80.6% |
| Leasing and similar rights | 25 | €48,880 | €26,985 | -€21,896 | -44.8% |
| Financial fixed assets | 28 | €739 | €739 | = | 0.0% |
| Current assets | 29/58 | €684,812 | €684,805 | -€7 | 0.0% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €342,806 | €228,263 | -€114,544 | -33.4% |
| Trade receivables | 40 | €320,056 | €210,659 | -€109,397 | -34.2% |
| Other amounts receivable | 41 | €22,751 | €17,604 | -€5,147 | -22.6% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €136,805 | €436,542 | +€299,737 | +219% |
| Deferred charges and accrued income | 490/1 | €5,200 | €0 | -€5,200 | -100% |
| Total equity and liabilities | 10/49 | €800,411 | €748,508 | -€51,903 | -6.5% |
| Equity | 10/15 | €443,642 | €444,822 | +€1,180 | +0.3% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €380,642 | €381,822 | +€1,180 | +0.3% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €336,842 | €338,022 | +€1,180 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €356,769 | €303,686 | -€53,082 | -14.9% |
| Amounts payable after more than one year | 17 | €89,497 | €3,731 | -€85,766 | -95.8% |
| Financial debts | 170/4 | €25,997 | €3,731 | -€22,266 | -85.6% |
| Other amounts payable | 178/9 | €63,500 | €0 | -€63,500 | -100% |
| Amounts payable within one year | 42/48 | €265,711 | €299,955 | +€34,244 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €22,062 | €20,418 | -€1,644 | -7.5% |
| Trade debts | 44 | €96,256 | €71,184 | -€25,072 | -26.0% |
| Suppliers | 440/4 | €96,256 | €71,184 | -€25,072 | -26.0% |
| Taxes, remuneration and social security | 45 | €40,713 | €11,353 | -€29,360 | -72.1% |
| Taxes | 450/3 | €10,881 | €950 | -€9,931 | -91.3% |
| Remuneration and social security | 454/9 | €29,832 | €10,403 | -€19,429 | -65.1% |
| Other amounts payable | 47/48 | €106,681 | €197,000 | +€90,319 | +84.7% |
| Accrued charges and deferred income | 492/3 | €1,560 | €0 | -€1,560 | -100% |
| Remuneration, social security and pensions | 62 | €154,454 | €123,171 | -€31,283 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,707 | €51,896 | -€811 | -1.5% |
| Other operating charges | 640/8 | €5,232 | €878 | -€4,354 | -83.2% |
| Gross operating margin | 9900 | €330,628 | €406,367 | +€75,740 | +22.9% |
| Operating profit (loss) | 9901 | €118,235 | €230,423 | +€112,188 | +94.9% |
| Financial income | 75/76B | €9,504 | €2,907 | -€6,597 | -69.4% |
| Recurring financial income | 75 | €9,504 | €2,907 | -€6,597 | -69.4% |
| Financial charges | 65/66B | €1,037 | €1,087 | +€50 | +4.8% |
| Recurring financial charges | 65 | €1,037 | €1,087 | +€50 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €126,702 | €232,243 | +€105,541 | +83.3% |
| Income taxes | 67/77 | €19,014 | €34,064 | +€15,049 | +79.1% |
| Profit (loss) for the period | 9904 | €107,688 | €198,180 | +€90,492 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,688 | €198,180 | +€90,492 | +84.0% |
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 20 October 2026 via checked.be.