Deco d'oro: 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 d'oro
Largest movements
- Cash +€15,980
up €15,980 (+160%), from €9,974 to €25,953
mainly Receivables within one year (+€12,263) and Net result for the year (+€5,220)
- Receivables within one year -€12,263
down €12,263 (-22.6%), from €54,199 to €41,936
of which Trade receivables: -€15,620
- Stocks and contracts -€2,178
down €2,178 (-48.7%), from €4,475 to €2,297
- Tangible fixed assets +€1,364
up €1,364 (+52.1%), from €2,616 to €3,981
of which Furniture and vehicles: +€2,308
- Reserves +€5,200
up €5,200 (+10.2%), from €51,056 to €56,256
- Tax, wage and social debts -€1,680
down €1,680 (-67.5%), from €2,489 to €809
- Gross operating margin -€11,075
down €11,075 (-51.0%), from €21,703 to €10,627
- Depreciation +€623
up €623 (+41.9%), from €1,487 to €2,110
- Taxes +€391
up €391 (+21.8%), from €1,796 to €2,187
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 | €74,566 | €77,939 | +€3,372 | +4.5% |
| Fixed assets | 21/28 | €2,616 | €3,981 | +€1,364 | +52.1% |
| Tangible fixed assets | 22/27 | €2,616 | €3,981 | +€1,364 | +52.1% |
| Plant, machinery and equipment | 23 | €1,715 | €772 | -€944 | -55.0% |
| Furniture and vehicles | 24 | €901 | €3,209 | +€2,308 | +256% |
| Current assets | 29/58 | €71,950 | €73,958 | +€2,008 | +2.8% |
| Stocks and contracts in progress | 3 | €4,475 | €2,297 | -€2,178 | -48.7% |
| Stocks | 30/36 | €4,475 | €2,297 | -€2,178 | -48.7% |
| Amounts receivable within one year | 40/41 | €54,199 | €41,936 | -€12,263 | -22.6% |
| Trade receivables | 40 | €15,620 | - | -€15,620 | |
| Other amounts receivable | 41 | €38,579 | €41,936 | +€3,357 | +8.7% |
| Current investments | 50/53 | €2,576 | €2,587 | +€11 | +0.4% |
| Cash at bank and in hand | 54/58 | €9,974 | €25,953 | +€15,980 | +160% |
| Deferred charges and accrued income | 490/1 | €726 | €1,185 | +€459 | +63.3% |
| Total equity and liabilities | 10/49 | €74,566 | €77,939 | +€3,372 | +4.5% |
| Equity | 10/15 | €69,671 | €74,891 | +€5,220 | +7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €51,056 | €56,256 | +€5,200 | +10.2% |
| Distributable reserves | 133 | €51,056 | €56,256 | +€5,200 | +10.2% |
| Profit (loss) carried forward | 14 | €24 | €43 | +€20 | +85.1% |
| Amounts payable | 17/49 | €4,895 | €3,047 | -€1,848 | -37.7% |
| Amounts payable within one year | 42/48 | €4,895 | €3,047 | -€1,848 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €845 | €809 | -€36 | -4.3% |
| Trade debts | 44 | €1,560 | €1,429 | -€131 | -8.4% |
| Suppliers | 440/4 | €1,560 | €1,429 | -€131 | -8.4% |
| Taxes, remuneration and social security | 45 | €2,489 | €809 | -€1,680 | -67.5% |
| Taxes | 450/3 | €2,489 | €809 | -€1,680 | -67.5% |
| Non-recurring operating income | 76A | €100 | €250 | +€150 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,487 | €2,110 | +€623 | +41.9% |
| Other operating charges | 640/8 | €1,229 | €1,024 | -€205 | -16.7% |
| Gross operating margin | 9900 | €21,703 | €10,627 | -€11,075 | -51.0% |
| Operating profit (loss) | 9901 | €18,987 | €7,494 | -€11,493 | -60.5% |
| Financial income | 75/76B | €18 | €26 | +€8 | +44.3% |
| Recurring financial income | 75 | €18 | €26 | +€8 | +44.3% |
| Financial charges | 65/66B | €292 | €113 | -€179 | -61.2% |
| Recurring financial charges | 65 | €292 | €113 | -€179 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €18,712 | €7,407 | -€11,306 | -60.4% |
| Income taxes | 67/77 | €1,796 | €2,187 | +€391 | +21.8% |
| Profit (loss) for the period | 9904 | €16,916 | €5,220 | -€11,696 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,916 | €5,220 | -€11,696 | -69.1% |
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 25 October 2026 via checked.be.