DECO EXPRESS: 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 EXPRESS
Largest movements
- Tangible fixed assets +€294,088
up €294,088 (+27.0%), from €1.1m to €1.4m
of which Leasing and similar rights: +€385,618
- Receivables within one year +€103,543
up €103,543 (+10.8%), from €957,305 to €1.1m
of which Trade receivables: +€111,453
- Deferred charges and accrued income +€26,828
up €26,828 (+25.0%), from €107,340 to €134,168
- Debts after one year +€283,491
up €283,491 (+58.6%), from €483,746 to €767,237
- Reserves +€70,063
up €70,063 (+9.3%), from €751,480 to €821,543
of which Distributable reserves: +€70,063
- Current portion of long-term debt +€62,119
up €62,119 (+29.2%), from €212,971 to €275,090
- Other debts +€46,847
up €46,847 (+31.8%), from €147,377 to €194,224
- Trade debts -€35,158
down €35,158 (-13.1%), from €269,067 to €233,909
- Gross operating margin +€371,136
up €371,136 (+31.7%), from €1.2m to €1.5m
- Depreciation +€117,226
up €117,226 (+78.5%), from €149,344 to €266,570
- Other operating charges +€69,765
up €69,765 (+369.6%), from €18,876 to €88,641
- Staff costs +€61,690
up €61,690 (+5.9%), from €1.0m to €1.1m
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 | €2,227,117 | €2,674,509 | +€447,392 | +20.1% |
| Fixed assets | 21/28 | €1,089,436 | €1,383,524 | +€294,088 | +27.0% |
| Tangible fixed assets | 22/27 | €1,089,296 | €1,383,384 | +€294,088 | +27.0% |
| Furniture and vehicles | 24 | €343,209 | €251,679 | -€91,530 | -26.7% |
| Leasing and similar rights | 25 | €746,087 | €1,131,705 | +€385,618 | +51.7% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €1,137,681 | €1,290,985 | +€153,304 | +13.5% |
| Amounts receivable after more than one year | 29 | €49,752 | €50,319 | +€567 | +1.1% |
| Other amounts receivable | 291 | €49,752 | €50,319 | +€567 | +1.1% |
| Amounts receivable within one year | 40/41 | €957,305 | €1,060,848 | +€103,543 | +10.8% |
| Trade receivables | 40 | €924,908 | €1,036,361 | +€111,453 | +12.1% |
| Other amounts receivable | 41 | €32,397 | €24,487 | -€7,910 | -24.4% |
| Cash at bank and in hand | 54/58 | €23,284 | €45,650 | +€22,366 | +96.1% |
| Deferred charges and accrued income | 490/1 | €107,340 | €134,168 | +€26,828 | +25.0% |
| Total equity and liabilities | 10/49 | €2,227,117 | €2,674,509 | +€447,392 | +20.1% |
| Equity | 10/15 | €951,262 | €1,021,325 | +€70,063 | +7.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €137,782 | €137,782 | = | 0.0% |
| Reserves | 13 | €751,480 | €821,543 | +€70,063 | +9.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €251,162 | €251,162 | = | 0.0% |
| Distributable reserves | 133 | €494,118 | €564,181 | +€70,063 | +14.2% |
| Amounts payable | 17/49 | €1,275,855 | €1,653,184 | +€377,329 | +29.6% |
| Amounts payable after more than one year | 17 | €483,746 | €767,237 | +€283,491 | +58.6% |
| Financial debts | 170/4 | €483,746 | €767,237 | +€283,491 | +58.6% |
| Amounts payable within one year | 42/48 | €787,934 | €879,025 | +€91,091 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €212,971 | €275,090 | +€62,119 | +29.2% |
| Financial debts | 43 | €36,336 | €35,734 | -€602 | -1.7% |
| Credit institutions | 430/8 | €36,336 | €35,734 | -€602 | -1.7% |
| Trade debts | 44 | €269,067 | €233,909 | -€35,158 | -13.1% |
| Suppliers | 440/4 | €269,067 | €233,909 | -€35,158 | -13.1% |
| Taxes, remuneration and social security | 45 | €122,183 | €140,068 | +€17,885 | +14.6% |
| Taxes | 450/3 | €10,822 | €16,905 | +€6,083 | +56.2% |
| Remuneration and social security | 454/9 | €111,361 | €123,163 | +€11,802 | +10.6% |
| Other amounts payable | 47/48 | €147,377 | €194,224 | +€46,847 | +31.8% |
| Accrued charges and deferred income | 492/3 | €4,175 | €6,922 | +€2,747 | +65.8% |
| Non-recurring operating income | 76A | - | €30,183 | +€30,183 | |
| Remuneration, social security and pensions | 62 | €1,037,797 | €1,099,487 | +€61,690 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,344 | €266,570 | +€117,226 | +78.5% |
| Other operating charges | 640/8 | €18,876 | €88,641 | +€69,765 | +369.6% |
| Gross operating margin | 9900 | €1,172,203 | €1,543,339 | +€371,136 | +31.7% |
| Operating profit (loss) | 9901 | -€33,814 | €88,641 | +€122,455 | |
| Financial income | 75/76B | €1,330 | €591 | -€739 | -55.6% |
| Recurring financial income | 75 | €1,330 | €591 | -€739 | -55.6% |
| Financial charges | 65/66B | €17,885 | €19,169 | +€1,284 | +7.2% |
| Recurring financial charges | 65 | €17,885 | €19,169 | +€1,284 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€50,369 | €70,063 | +€120,432 | |
| Profit (loss) for the period | 9904 | -€50,369 | €70,063 | +€120,432 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,369 | €70,063 | +€120,432 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.