DECO 2.0: 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 2.0
Largest movements
- Current investments +€588,199
up €588,199 (+51.4%), from €1.1m to €1.7m
- Receivables within one year -€354,006
down €354,006 (-70.2%), from €504,579 to €150,573
of which Trade receivables: -€255,826
- Cash +€217,942
up €217,942 (+283%), from €76,968 to €294,910
mainly Net result for the year (+€1.1m) and Depreciation (+€498,267)
- Tangible fixed assets +€76,794
up €76,794 (+3.5%), from €2.2m to €2.3m
of which Furniture and vehicles: +€226,323
- Reserves +€840,780
up €840,780 (+81.3%), from €1.0m to €1.9m
- Debts after one year -€264,549
down €264,549 (-11.6%), from €2.3m to €2.0m
- Other debts -€117,169
down €117,169 (-9.9%), from €1.2m to €1.1m
- Financial income +€308,773
up €308,773 (+65.4%), from €472,104 to €780,877
- Gross operating margin +€153,192
up €153,192 (+15.7%), from €975,185 to €1.1m
- Financial charges +€86,819
up €86,819 (+231%), from €37,551 to €124,370
- Depreciation +€74,675
up €74,675 (+17.6%), from €423,592 to €498,267
- Taxes +€23,524
up €23,524 (+19.6%), from €119,737 to €143,262
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 | €4,829,498 | €5,358,428 | +€528,930 | +11.0% |
| Fixed assets | 21/28 | €3,102,951 | €3,179,745 | +€76,794 | +2.5% |
| Tangible fixed assets | 22/27 | €2,213,735 | €2,290,530 | +€76,794 | +3.5% |
| Land and buildings | 22 | €652,229 | €699,780 | +€47,551 | +7.3% |
| Plant, machinery and equipment | 23 | €1,370,517 | €1,173,438 | -€197,080 | -14.4% |
| Furniture and vehicles | 24 | €190,989 | €417,312 | +€226,323 | +119% |
| Financial fixed assets | 28 | €889,216 | €889,216 | = | 0.0% |
| Current assets | 29/58 | €1,726,547 | €2,178,683 | +€452,136 | +26.2% |
| Amounts receivable within one year | 40/41 | €504,579 | €150,573 | -€354,006 | -70.2% |
| Trade receivables | 40 | €403,800 | €147,974 | -€255,826 | -63.4% |
| Other amounts receivable | 41 | €100,779 | €2,599 | -€98,180 | -97.4% |
| Current investments | 50/53 | €1,145,000 | €1,733,199 | +€588,199 | +51.4% |
| Cash at bank and in hand | 54/58 | €76,968 | €294,910 | +€217,942 | +283% |
| Total equity and liabilities | 10/49 | €4,829,498 | €5,358,428 | +€528,930 | +11.0% |
| Equity | 10/15 | €1,052,739 | €1,893,519 | +€840,780 | +79.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,034,139 | €1,874,919 | +€840,780 | +81.3% |
| Distributable reserves | 133 | €1,034,139 | €1,874,919 | +€840,780 | +81.3% |
| Amounts payable | 17/49 | €3,776,759 | €3,464,909 | -€311,850 | -8.3% |
| Amounts payable after more than one year | 17 | €2,272,824 | €2,008,276 | -€264,549 | -11.6% |
| Financial debts | 170/4 | €2,272,824 | €2,008,276 | -€264,549 | -11.6% |
| Amounts payable within one year | 42/48 | €1,488,758 | €1,405,651 | -€83,108 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €260,535 | €264,549 | +€4,013 | +1.5% |
| Trade debts | 44 | €40,356 | €47,738 | +€7,383 | +18.3% |
| Suppliers | 440/4 | €40,356 | €47,738 | +€7,383 | +18.3% |
| Taxes, remuneration and social security | 45 | €3,270 | €25,935 | +€22,665 | +693% |
| Taxes | 450/3 | €188 | €25,935 | +€25,747 | +13,711% |
| Remuneration and social security | 454/9 | €3,082 | - | -€3,082 | |
| Other amounts payable | 47/48 | €1,184,598 | €1,067,429 | -€117,169 | -9.9% |
| Accrued charges and deferred income | 492/3 | €15,176 | €50,982 | +€35,806 | +236% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423,592 | €498,267 | +€74,675 | +17.6% |
| Other operating charges | 640/8 | €1,604 | €2,575 | +€971 | +60.6% |
| Gross operating margin | 9900 | €975,185 | €1,128,377 | +€153,192 | +15.7% |
| Operating profit (loss) | 9901 | €549,989 | €627,534 | +€77,546 | +14.1% |
| Financial income | 75/76B | €472,104 | €780,877 | +€308,773 | +65.4% |
| Recurring financial income | 75 | €472,104 | €780,877 | +€308,773 | +65.4% |
| Financial charges | 65/66B | €37,551 | €124,370 | +€86,819 | +231% |
| Recurring financial charges | 65 | €37,551 | €124,370 | +€86,819 | +231% |
| Profit (loss) for the period before taxes | 9903 | €984,541 | €1,284,042 | +€299,500 | +30.4% |
| Income taxes | 67/77 | €119,737 | €143,262 | +€23,524 | +19.6% |
| Profit (loss) for the period | 9904 | €864,804 | €1,140,780 | +€275,976 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €864,804 | €1,140,780 | +€275,976 | +31.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.