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 -€383,489
down €383,489 (-46.1%), from €831,806 to €448,317
mainly Trade debts (-€444,662) and Advances received (-€274,422)
- Receivables within one year -€224,669
down €224,669 (-59.4%), from €378,218 to €153,549
of which Trade receivables: -€136,799
- Tangible fixed assets -€35,605
down €35,605 (-10.8%), from €330,594 to €294,989
of which Land and buildings: -€19,577
- Trade debts -€444,662
down €444,662 (-53.0%), from €839,684 to €395,022
- Reserves +€375,446
up €375,446 (+1864.6%), from €20,136 to €395,582
- Advances received -€274,422
no longer reported in 2025 (was €274,422)
- Profit (loss) carried forward -€229,375
no longer reported in 2025 (was €229,375)
- Other debts -€75,038
no longer reported in 2025 (was €75,038)
- Gross operating margin -€196,207
down €196,207 (-15.0%), from €1.3m to €1.1m
- Staff costs +€58,975
up €58,975 (+8.8%), from €668,959 to €727,934
- Taxes +€30,359
up €30,359, from -€30,265 to €94
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 | €1,675,842 | €1,024,594 | -€651,248 | -38.9% |
| Fixed assets | 21/28 | €336,594 | €300,989 | -€35,605 | -10.6% |
| Tangible fixed assets | 22/27 | €330,594 | €294,989 | -€35,605 | -10.8% |
| Land and buildings | 22 | €260,496 | €240,919 | -€19,577 | -7.5% |
| Plant, machinery and equipment | 23 | €40,683 | €33,516 | -€7,167 | -17.6% |
| Furniture and vehicles | 24 | €29,415 | €20,555 | -€8,860 | -30.1% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €1,339,248 | €723,605 | -€615,643 | -46.0% |
| Stocks and contracts in progress | 3 | €125,342 | €119,075 | -€6,267 | -5.0% |
| Stocks | 30/36 | €125,342 | €119,075 | -€6,267 | -5.0% |
| Amounts receivable within one year | 40/41 | €378,218 | €153,549 | -€224,669 | -59.4% |
| Trade receivables | 40 | €203,186 | €66,387 | -€136,799 | -67.3% |
| Other amounts receivable | 41 | €175,032 | €87,161 | -€87,871 | -50.2% |
| Cash at bank and in hand | 54/58 | €831,806 | €448,317 | -€383,489 | -46.1% |
| Deferred charges and accrued income | 490/1 | €3,882 | €2,665 | -€1,217 | -31.3% |
| Total equity and liabilities | 10/49 | €1,675,842 | €1,024,594 | -€651,248 | -38.9% |
| Equity | 10/15 | €269,511 | €415,582 | +€146,071 | +54.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,136 | €395,582 | +€375,446 | +1864.6% |
| Distributable reserves | 133 | €20,136 | €395,582 | +€375,446 | +1864.6% |
| Profit (loss) carried forward | 14 | €229,375 | - | -€229,375 | |
| Amounts payable | 17/49 | €1,406,331 | €609,012 | -€797,319 | -56.7% |
| Amounts payable after more than one year | 17 | €63,587 | €49,324 | -€14,263 | -22.4% |
| Financial debts | 170/4 | €63,587 | €49,324 | -€14,263 | -22.4% |
| Amounts payable within one year | 42/48 | €1,338,244 | €559,689 | -€778,555 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €28,398 | €14,263 | -€14,135 | -49.8% |
| Trade debts | 44 | €839,684 | €395,022 | -€444,662 | -53.0% |
| Suppliers | 440/4 | €839,684 | €395,022 | -€444,662 | -53.0% |
| Advances received on contracts in progress | 46 | €274,422 | - | -€274,422 | |
| Taxes, remuneration and social security | 45 | €120,702 | €150,403 | +€29,701 | +24.6% |
| Taxes | 450/3 | €57,313 | - | -€57,313 | |
| Remuneration and social security | 454/9 | €63,389 | €150,403 | +€87,014 | +137.3% |
| Other amounts payable | 47/48 | €75,038 | - | -€75,038 | |
| Accrued charges and deferred income | 492/3 | €4,500 | - | -€4,500 | |
| Remuneration, social security and pensions | 62 | €668,959 | €727,934 | +€58,975 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,443 | €47,225 | -€218 | -0.5% |
| Other operating charges | 640/8 | €7,856 | €8,905 | +€1,049 | +13.3% |
| Gross operating margin | 9900 | €1,307,226 | €1,111,019 | -€196,207 | -15.0% |
| Operating profit (loss) | 9901 | €582,968 | €326,954 | -€256,014 | -43.9% |
| Financial income | 75/76B | €10,125 | €2,454 | -€7,671 | -75.8% |
| Recurring financial income | 75 | €1,767 | €2,454 | +€687 | +38.9% |
| Non-recurring financial income | 76B | €8,358 | - | -€8,358 | |
| Financial charges | 65/66B | €195,113 | €183,244 | -€11,869 | -6.1% |
| Recurring financial charges | 65 | €193,912 | €183,244 | -€10,668 | -5.5% |
| Non-recurring financial charges | 66B | €1,201 | - | -€1,201 | |
| Profit (loss) for the period before taxes | 9903 | €397,980 | €146,164 | -€251,816 | -63.3% |
| Income taxes | 67/77 | -€30,265 | €94 | +€30,359 | |
| Profit (loss) for the period | 9904 | €428,245 | €146,070 | -€282,175 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €428,245 | €146,070 | -€282,175 | -65.9% |
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 5 October 2026 via checked.be.