DECO ENERGY: 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.
What changed
DECO ENERGY
NACE 82.100, Office administrative and support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€399,297
2024 · €620,036-€220,738
Equity
€5.5m
2024 · €5.1m+€399,297
Cash
€219,884
2024 · €452,035-€232,151
Balance sheet total
€8.5m
2024 · €7.2m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€912,705
up €912,705 (+22.3%), from €4.1m to €5.0m
of which Land and buildings: +€857,085
- Current investments +€650,000
up €650,000 (+142%), from €457,669 to €1.1m
- Cash -€232,151
down €232,151 (-51.4%), from €452,035 to €219,884
mainly Investment in fixed assets (net) (-€1.3m) and Current investments (-€650,000)
Equity and liabilities
- Trade debts +€1.1m
up €1.1m (+5,331%), from €20,862 to €1.1m
- Reserves +€399,297
up €399,297 (+12.6%), from €3.2m to €3.6m
of which Distributable reserves: +€378,247
- Debts after one year -€190,125
down €190,125 (-14.2%), from €1.3m to €1.2m
Income statement
- Gross operating margin -€227,211
down €227,211 (-18.3%), from €1.2m to €1.0m
- Depreciation +€154,148
up €154,148 (+72.8%), from €211,703 to €365,851
- Taxes -€78,297
down €78,297 (-38.1%), from €205,259 to €126,963
- Provisions -€63,118
down €63,118, from €0 to -€63,118
- Financial charges -€18,168
down €18,168 (-30.6%), from €59,372 to €41,204
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.
Result 2024
€620,036
Gross operating margin
-€227,211
Staff costs
-€1,048
Depreciation
-€154,148
Provisions
+€63,118
Other operating charges
-€3,631
Financial income
+€5,717
Financial charges
+€18,168
Taxes
+€78,297
Result 2025
€399,297
raises the resultlowers the result
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.
From operations
+€1.9m
Investment
-€1.9m
Financing
-€188,703
Cash 2024
€452,035
From operations (derived)
+€1.9m
Net result for the year
+€399,297
Depreciation
+€365,851
Receivables within one year
+€74,213
Deferred charges and accrued income
+€11,162
Provisions
-€63,118
Trade debts
+€1.1m
Tax, wage and social debts
-€54,246
Other debts
-€31,298
Accrued charges and deferred income
+€71,133
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.3m
Current investments
-€650,000
Financing
-€188,703
Debts after one year
-€190,125
Current portion of long-term debt
+€1,527
Short-term financial debts
-€105
Cash 2025
€219,884
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,242,218 | €8,487,397 | +€1.2m | +17.2% |
| Fixed assets | 21/28 | €6,143,755 | €7,056,460 | +€912,705 | +14.9% |
| Tangible fixed assets | 22/27 | €4,096,895 | €5,009,600 | +€912,705 | +22.3% |
| Land and buildings | 22 | €2,517,300 | €3,374,385 | +€857,085 | +34.0% |
| Plant, machinery and equipment | 23 | - | €54,417 | +€54,417 | |
| Furniture and vehicles | 24 | €21,619 | €25,389 | +€3,771 | +17.4% |
| Other tangible fixed assets | 26 | €1,557,977 | €1,555,409 | -€2,568 | -0.2% |
| Financial fixed assets | 28 | €2,046,860 | €2,046,860 | = | 0.0% |
| Current assets | 29/58 | €1,098,463 | €1,430,937 | +€332,474 | +30.3% |
| Amounts receivable within one year | 40/41 | €153,230 | €79,017 | -€74,213 | -48.4% |
| Trade receivables | 40 | €152,773 | €71,461 | -€81,311 | -53.2% |
| Other amounts receivable | 41 | €458 | €7,556 | +€7,098 | +1,552% |
| Current investments | 50/53 | €457,669 | €1,107,669 | +€650,000 | +142% |
| Cash at bank and in hand | 54/58 | €452,035 | €219,884 | -€232,151 | -51.4% |
| Deferred charges and accrued income | 490/1 | €35,528 | €24,366 | -€11,162 | -31.4% |
| Total equity and liabilities | 10/49 | €7,242,218 | €8,487,397 | +€1.2m | +17.2% |
| Equity | 10/15 | €5,059,317 | €5,458,615 | +€399,297 | +7.9% |
| Contributions | 10/11 | €1,895,000 | €1,895,000 | = | 0.0% |
| Reserves | 13 | €3,164,317 | €3,563,615 | +€399,297 | +12.6% |
| Tax-exempt reserves | 132 | €1,037,374 | €1,058,424 | +€21,050 | +2.0% |
| Distributable reserves | 133 | €2,126,943 | €2,505,191 | +€378,247 | +17.8% |
| Provisions and deferred taxes | 16 | €63,118 | €0 | -€63,118 | -100% |
| Provisions for liabilities and charges | 160/5 | €63,118 | €0 | -€63,118 | -100% |
| Major repairs and maintenance | 162 | €63,118 | €0 | -€63,118 | -100% |
| Amounts payable | 17/49 | €2,119,782 | €3,028,782 | +€909,000 | +42.9% |
| Amounts payable after more than one year | 17 | €1,342,112 | €1,151,987 | -€190,125 | -14.2% |
| Financial debts | 170/4 | €1,342,112 | €1,151,987 | -€190,125 | -14.2% |
| Amounts payable within one year | 42/48 | €706,920 | €1,734,913 | +€1.0m | +145% |
| Current portion of amounts payable after more than one year | 42 | €188,598 | €190,125 | +€1,527 | +0.8% |
| Financial debts | 43 | €37,853 | €37,748 | -€105 | -0.3% |
| Credit institutions | 430/8 | €37,853 | €37,748 | -€105 | -0.3% |
| Trade debts | 44 | €20,862 | €1,132,976 | +€1.1m | +5,331% |
| Suppliers | 440/4 | €20,862 | €1,132,976 | +€1.1m | +5,331% |
| Taxes, remuneration and social security | 45 | €79,294 | €25,048 | -€54,246 | -68.4% |
| Taxes | 450/3 | €59,636 | €5,870 | -€53,766 | -90.2% |
| Remuneration and social security | 454/9 | €19,658 | €19,179 | -€479 | -2.4% |
| Other amounts payable | 47/48 | €380,313 | €349,015 | -€31,298 | -8.2% |
| Accrued charges and deferred income | 492/3 | €70,750 | €141,882 | +€71,133 | +101% |
| Non-recurring operating income | 76A | - | €41,248 | +€41,248 | |
| Remuneration, social security and pensions | 62 | €143,296 | €144,344 | +€1,048 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,703 | €365,851 | +€154,148 | +72.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€63,118 | -€63,118 | |
| Other operating charges | 640/8 | €2,714 | €6,345 | +€3,631 | +134% |
| Gross operating margin | 9900 | €1,241,110 | €1,013,899 | -€227,211 | -18.3% |
| Operating profit (loss) | 9901 | €883,397 | €560,477 | -€322,920 | -36.6% |
| Financial income | 75/76B | €1,270 | €6,987 | +€5,717 | +450% |
| Recurring financial income | 75 | €1,270 | €6,987 | +€5,717 | +450% |
| Financial charges | 65/66B | €59,372 | €41,204 | -€18,168 | -30.6% |
| Recurring financial charges | 65 | €59,372 | €41,204 | -€18,168 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €825,295 | €526,260 | -€299,035 | -36.2% |
| Income taxes | 67/77 | €205,259 | €126,963 | -€78,297 | -38.1% |
| Profit (loss) for the period | 9904 | €620,036 | €399,297 | -€220,738 | -35.6% |
| Transfer from tax-exempt reserves | 789 | €0 | €189,450 | +€189,450 | |
| Transfer to tax-exempt reserves | 689 | €357,850 | €210,500 | -€147,350 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €262,186 | €378,247 | +€116,062 | +44.3% |
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 15 October 2026 via checked.be.