DECO GROUP: 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 GROUP
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€113,406
2024 · €116,781-€3,375
Equity
€274,635
2024 · €274,229+€406
Cash
€48,488
2024 · €69,209-€20,721
Balance sheet total
€5.7m
2024 · €4.9m+€793,889
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+47.9%), from €2.2m to €3.3m
of which Other amounts receivable: +€1.2m
- Tangible fixed assets -€206,667
down €206,667 (-9.3%), from €2.2m to €2.0m
of which Leasing and similar rights: -€206,667
Equity and liabilities
- Debts after one year +€801,137
up €801,137 (+38.3%), from €2.1m to €2.9m
- Accrued charges and deferred income -€206,033
down €206,033 (-9.3%), from €2.2m to €2.0m
- Other debts +€113,793
up €113,793 (+94.8%), from €120,000 to €233,793
- Current portion of long-term debt +€93,830
up €93,830 (+45.8%), from €205,033 to €298,863
Income statement
- Financial income -€9,465
down €9,465 (-17.7%), from €53,406 to €43,941
- Gross operating margin +€5,379
up €5,379 (+1.4%), from €397,868 to €403,247
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
€116,781
Gross operating margin
+€5,379
Depreciation
+€566
Other operating charges
-€698
Other operating items
+€111
Financial income
-€9,465
Financial charges
-€404
Taxes
+€1,136
Result 2025
€113,406
raises the resultlowers the resultnot broken down further in the accounts
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
-€800,950
Investment
€0
Financing
+€780,229
Cash 2024
€69,209
From operations (derived)
-€800,950
Net result for the year
+€113,406
Depreciation
+€206,667
Receivables within one year
-€1.1m
Deferred charges and accrued income
+€40,580
Trade debts
-€569
Tax, wage and social debts
-€6,937
Other debts
+€113,793
Accrued charges and deferred income
-€206,033
Financing
+€780,229
Debts after one year
+€801,137
Current portion of long-term debt
+€93,830
Short-term financial debts
-€1,737
Contributions, distributions and other
-€113,000
Cash 2025
€48,488
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,942,794 | €5,736,683 | +€793,889 | +16.1% |
| Fixed assets | 21/28 | €2,223,507 | €2,016,840 | -€206,667 | -9.3% |
| Tangible fixed assets | 22/27 | €2,223,507 | €2,016,840 | -€206,667 | -9.3% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Leasing and similar rights | 25 | €2,223,507 | €2,016,840 | -€206,667 | -9.3% |
| Current assets | 29/58 | €2,719,287 | €3,719,843 | +€1.0m | +36.8% |
| Amounts receivable within one year | 40/41 | €2,215,213 | €3,277,069 | +€1.1m | +47.9% |
| Trade receivables | 40 | €163,665 | €2,510 | -€161,155 | -98.5% |
| Other amounts receivable | 41 | €2,051,548 | €3,274,559 | +€1.2m | +59.6% |
| Cash at bank and in hand | 54/58 | €69,209 | €48,488 | -€20,721 | -29.9% |
| Deferred charges and accrued income | 490/1 | €434,866 | €394,286 | -€40,580 | -9.3% |
| Total equity and liabilities | 10/49 | €4,942,794 | €5,736,683 | +€793,889 | +16.1% |
| Equity | 10/15 | €274,229 | €274,635 | +€406 | +0.1% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229 | €635 | +€406 | +178% |
| Amounts payable | 17/49 | €4,668,565 | €5,462,048 | +€793,482 | +17.0% |
| Amounts payable after more than one year | 17 | €2,091,810 | €2,892,947 | +€801,137 | +38.3% |
| Financial debts | 170/4 | €2,091,810 | €2,892,947 | +€801,137 | +38.3% |
| Amounts payable within one year | 42/48 | €349,462 | €547,841 | +€198,379 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €205,033 | €298,863 | +€93,830 | +45.8% |
| Financial debts | 43 | €16,923 | €15,186 | -€1,737 | -10.3% |
| Credit institutions | 430/8 | €16,923 | €15,186 | -€1,737 | -10.3% |
| Trade debts | 44 | €569 | - | -€569 | |
| Suppliers | 440/4 | €569 | - | -€569 | |
| Taxes, remuneration and social security | 45 | €6,937 | - | -€6,937 | |
| Taxes | 450/3 | €6,937 | - | -€6,937 | |
| Other amounts payable | 47/48 | €120,000 | €233,793 | +€113,793 | +94.8% |
| Accrued charges and deferred income | 492/3 | €2,227,293 | €2,021,259 | -€206,033 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207,233 | €206,667 | -€566 | -0.3% |
| Other operating charges | 640/8 | €25,147 | €25,845 | +€698 | +2.8% |
| Non-recurring operating charges | 66A | €40,691 | €40,580 | -€111 | -0.3% |
| Gross operating margin | 9900 | €397,868 | €403,247 | +€5,379 | +1.4% |
| Operating profit (loss) | 9901 | €124,797 | €130,155 | +€5,359 | +4.3% |
| Financial income | 75/76B | €53,406 | €43,941 | -€9,465 | -17.7% |
| Recurring financial income | 75 | €53,406 | €43,941 | -€9,465 | -17.7% |
| Financial charges | 65/66B | €22,441 | €22,845 | +€404 | +1.8% |
| Recurring financial charges | 65 | €22,441 | €22,845 | +€404 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €155,761 | €151,251 | -€4,510 | -2.9% |
| Income taxes | 67/77 | €38,980 | €37,845 | -€1,136 | -2.9% |
| Profit (loss) for the period | 9904 | €116,781 | €113,406 | -€3,375 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,781 | €113,406 | -€3,375 | -2.9% |
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 14 October 2026 via checked.be.