DECO 2000: 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 2000
Largest movements
- Tangible fixed assets +€461,421
up €461,421 (+434%), from €106,220 to €567,641
of which Land and buildings: +€455,761
- Cash -€421,973
down €421,973 (-72.6%), from €581,027 to €159,054
mainly Investment in fixed assets (net) (-€487,313) and Receivables within one year (-€208,073)
- Receivables within one year +€208,073
up €208,073 (+96.0%), from €216,849 to €424,922
of which Trade receivables: +€172,558
- Debts after one year +€243,953
up €243,953, from €0 to €243,953
- Trade debts -€39,390
down €39,390 (-19.4%), from €203,320 to €163,930
- Current portion of long-term debt +€38,151
up €38,151 (+213%), from €17,897 to €56,047
- Reserves +€37,085
up €37,085 (+6.3%), from €592,125 to €629,210
of which Distributable reserves: +€39,138
- Tax, wage and social debts -€30,171
down €30,171 (-38.1%), from €79,193 to €49,022
of which Taxes: -€43,736
- Gross operating margin -€360,565
down €360,565 (-68.2%), from €528,604 to €168,039
- Taxes -€116,889
down €116,889 (-93.2%), from €125,355 to €8,466
- Staff costs -€29,208
down €29,208 (-24.8%), from €117,694 to €88,486
- Financial income -€12,942
down €12,942 (-67.4%), from €19,209 to €6,266
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 | €917,909 | €1,160,754 | +€242,845 | +26.5% |
| Fixed assets | 21/28 | €106,270 | €567,690 | +€461,421 | +434% |
| Tangible fixed assets | 22/27 | €106,220 | €567,641 | +€461,421 | +434% |
| Land and buildings | 22 | €90,792 | €546,553 | +€455,761 | +502% |
| Furniture and vehicles | 24 | €15,428 | €21,088 | +€5,660 | +36.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €811,640 | €593,064 | -€218,576 | -26.9% |
| Stocks and contracts in progress | 3 | €9,836 | €9,088 | -€748 | -7.6% |
| Stocks | 30/36 | €9,836 | €9,088 | -€748 | -7.6% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €216,849 | €424,922 | +€208,073 | +96.0% |
| Trade receivables | 40 | €167,831 | €340,389 | +€172,558 | +103% |
| Other amounts receivable | 41 | €49,019 | €84,533 | +€35,515 | +72.5% |
| Cash at bank and in hand | 54/58 | €581,027 | €159,054 | -€421,973 | -72.6% |
| Deferred charges and accrued income | 490/1 | €3,928 | €0 | -€3,928 | -100% |
| Total equity and liabilities | 10/49 | €917,909 | €1,160,754 | +€242,845 | +26.5% |
| Equity | 10/15 | €610,717 | €647,802 | +€37,085 | +6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €592,125 | €629,210 | +€37,085 | +6.3% |
| Tax-exempt reserves | 132 | €2,053 | €0 | -€2,053 | -100% |
| Distributable reserves | 133 | €590,072 | €629,210 | +€39,138 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,057 | €0 | -€1,057 | -100% |
| Deferred taxes | 168 | €1,057 | €0 | -€1,057 | -100% |
| Amounts payable | 17/49 | €306,135 | €512,952 | +€206,817 | +67.6% |
| Amounts payable after more than one year | 17 | €0 | €243,953 | +€243,953 | |
| Financial debts | 170/4 | €0 | €243,953 | +€243,953 | |
| Amounts payable within one year | 42/48 | €305,410 | €268,999 | -€36,411 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €17,897 | €56,047 | +€38,151 | +213% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €203,320 | €163,930 | -€39,390 | -19.4% |
| Suppliers | 440/4 | €203,320 | €163,930 | -€39,390 | -19.4% |
| Taxes, remuneration and social security | 45 | €79,193 | €49,022 | -€30,171 | -38.1% |
| Taxes | 450/3 | €67,045 | €23,309 | -€43,736 | -65.2% |
| Remuneration and social security | 454/9 | €12,148 | €25,713 | +€13,564 | +112% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100% |
| Accrued charges and deferred income | 492/3 | €725 | €0 | -€725 | -100% |
| Remuneration, social security and pensions | 62 | €117,694 | €88,486 | -€29,208 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,120 | €25,892 | +€1,772 | +7.3% |
| Other operating charges | 640/8 | €6,795 | €6,154 | -€641 | -9.4% |
| Non-recurring operating charges | 66A | €198 | €0 | -€198 | -100% |
| Gross operating margin | 9900 | €528,604 | €168,039 | -€360,565 | -68.2% |
| Operating profit (loss) | 9901 | €379,796 | €47,506 | -€332,289 | -87.5% |
| Financial income | 75/76B | €19,209 | €6,266 | -€12,942 | -67.4% |
| Recurring financial income | 75 | €19,209 | €6,266 | -€12,942 | -67.4% |
| Financial charges | 65/66B | €12,043 | €9,279 | -€2,764 | -23.0% |
| Recurring financial charges | 65 | €12,043 | €9,279 | -€2,764 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €386,961 | €44,494 | -€342,467 | -88.5% |
| Transfer from deferred taxes | 780 | €1,057 | €1,057 | -€0 | 0.0% |
| Income taxes | 67/77 | €125,355 | €8,466 | -€116,889 | -93.2% |
| Profit (loss) for the period | 9904 | €262,663 | €37,085 | -€225,578 | -85.9% |
| Transfer from tax-exempt reserves | 789 | €2,053 | €2,053 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €264,716 | €39,138 | -€225,578 | -85.2% |
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 19 October 2026 via checked.be.