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
- Cash +€76,143
up €76,143 (+18.4%), from €413,397 to €489,540
mainly Net result for the year (+€61,098) and Depreciation (+€49,482)
- Tangible fixed assets -€37,742
down €37,742 (-1.8%), from €2.2m to €2.1m
of which Land and buildings: -€36,766
- Profit (loss) carried forward +€61,098
up €61,098 (+7.0%), from -€878,044 to -€816,946
- Gross operating margin +€22,350
up €22,350 (+18.5%), from €120,979 to €143,329
- Depreciation -€17,848
down €17,848 (-26.5%), from €67,330 to €49,482
- Financial charges -€3,341
down €3,341 (-89.3%), from €3,742 to €402
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 | €2,566,500 | €2,627,877 | +€61,377 | +2.4% |
| Fixed assets | 21/28 | €2,152,067 | €2,136,895 | -€15,172 | -0.7% |
| Tangible fixed assets | 22/27 | €2,152,067 | €2,114,325 | -€37,742 | -1.8% |
| Land and buildings | 22 | €2,149,186 | €2,112,419 | -€36,766 | -1.7% |
| Plant, machinery and equipment | 23 | €2,881 | €1,905 | -€976 | -33.9% |
| Financial fixed assets | 28 | - | €22,570 | +€22,570 | |
| Current assets | 29/58 | €414,433 | €490,983 | +€76,550 | +18.5% |
| Amounts receivable within one year | 40/41 | €124 | €124 | = | 0.0% |
| Other amounts receivable | 41 | €124 | €124 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €413,397 | €489,540 | +€76,143 | +18.4% |
| Deferred charges and accrued income | 490/1 | €912 | €1,319 | +€407 | +44.6% |
| Total equity and liabilities | 10/49 | €2,566,500 | €2,627,877 | +€61,377 | +2.4% |
| Equity | 10/15 | €608,956 | €670,054 | +€61,098 | +10.0% |
| Contributions | 10/11 | €1,487,000 | €1,487,000 | = | 0.0% |
| Capital | 10 | €1,487,000 | €1,487,000 | = | 0.0% |
| Issued capital | 100 | €1,487,000 | €1,487,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€878,044 | -€816,946 | +€61,098 | +7.0% |
| Amounts payable | 17/49 | €1,957,544 | €1,957,823 | +€279 | 0.0% |
| Amounts payable within one year | 42/48 | €1,957,544 | €1,957,823 | +€279 | 0.0% |
| Trade debts | 44 | €429 | €530 | +€100 | +23.4% |
| Suppliers | 440/4 | €429 | €530 | +€100 | +23.4% |
| Taxes, remuneration and social security | 45 | - | €179 | +€179 | |
| Taxes | 450/3 | - | €179 | +€179 | |
| Other amounts payable | 47/48 | €1,957,114 | €1,957,114 | = | 0.0% |
| Non-recurring operating income | 76A | - | €15,133 | +€15,133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,330 | €49,482 | -€17,848 | -26.5% |
| Other operating charges | 640/8 | €33,739 | €34,352 | +€614 | +1.8% |
| Gross operating margin | 9900 | €120,979 | €143,329 | +€22,350 | +18.5% |
| Operating profit (loss) | 9901 | €19,911 | €59,495 | +€39,584 | +198.8% |
| Financial income | 75/76B | €2,040 | €1,990 | -€50 | -2.4% |
| Recurring financial income | 75 | €2,040 | €1,990 | -€50 | -2.4% |
| Financial charges | 65/66B | €3,742 | €402 | -€3,341 | -89.3% |
| Recurring financial charges | 65 | €3,742 | €402 | -€3,341 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | €18,208 | €61,083 | +€42,875 | +235.5% |
| Income taxes | 67/77 | €342 | -€15 | -€357 | |
| Profit (loss) for the period | 9904 | €17,866 | €61,098 | +€43,232 | +242.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,866 | €61,098 | +€43,232 | +242.0% |
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 3 October 2026 via checked.be.