DECO HOLDING: 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 HOLDING
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €283,673+€1.1m
Equity
€9.9m
2024 · €9.6m+€313,521
Cash
€111,321
2024 · €113,948-€2,626
Balance sheet total
€11.1m
2024 · €10.8m+€308,089
Largest movements
Assets
- Receivables within one year +€326,688
up €326,688 (+6.1%), from €5.4m to €5.7m
of which Other amounts receivable: +€832,291
- Tangible fixed assets -€115,972
down €115,972 (-15.1%), from €767,256 to €651,284
of which Leasing and similar rights: -€115,500
Equity and liabilities
- Reserves +€313,521
up €313,521 (+4.6%), from €6.9m to €7.2m
of which Distributable reserves: +€313,521
- Other debts +€208,350
up €208,350 (+25.0%), from €833,400 to €1.0m
- Current portion of long-term debt -€152,760
down €152,760 (-74.3%), from €205,662 to €52,902
Income statement
- Financial income +€1.0m
up €1.0m (+485.9%), from €214,741 to €1.3m
of which Financial income: +€1.0m
- Staff costs -€54,463
down €54,463 (-18.1%), from €301,321 to €246,858
- Services and other goods +€30,233
up €30,233 (+8.7%), from €349,428 to €379,660
- Financial charges -€13,560
down €13,560 (-32.5%), from €41,682 to €28,121
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
€283,673
Turnover
+€1,002
Other operating income
-€4,564
Services and other goods
-€30,233
Staff costs
+€54,463
Other operating charges
-€1
Financial income
+€1.0m
Financial charges
+€13,560
Taxes
-€6,147
Result 2025
€1.4m
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.
From operations
+€1.3m
Investment
-€100,000
Financing
-€1.2m
Cash 2024
€113,948
From operations (derived)
+€1.3m
Net result for the year
+€1.4m
Depreciation
+€115,972
Receivables within one year
-€326,688
Provisions
-€7,675
Trade debts
-€5,036
Tax, wage and social debts
+€4,591
Other debts
+€208,350
Investment (derived)
-€100,000
Investment in fixed assets (net)
-€100,000
Financing
-€1.2m
Debts after one year
-€52,902
Current portion of long-term debt
-€152,760
Contributions, distributions and other
-€1.0m
Cash 2025
€111,321
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,767,807 | €11,075,897 | +€308,089 | +2.9% |
| Fixed assets | 21/28 | €5,274,708 | €5,258,735 | -€15,972 | -0.3% |
| Tangible fixed assets | 22/27 | €767,256 | €651,284 | -€115,972 | -15.1% |
| Land and buildings | 22 | €44,178 | €44,178 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,203 | €731 | -€472 | -39.3% |
| Leasing and similar rights | 25 | €721,875 | €606,375 | -€115,500 | -16.0% |
| Financial fixed assets | 28 | €4,507,452 | €4,607,452 | +€100,000 | +2.2% |
| Affiliated companies | 280/1 | €4,507,452 | €4,607,452 | +€100,000 | +2.2% |
| Participating interests | 280 | €4,507,452 | €4,607,452 | +€100,000 | +2.2% |
| Current assets | 29/58 | €5,493,100 | €5,817,161 | +€324,062 | +5.9% |
| Amounts receivable within one year | 40/41 | €5,379,152 | €5,705,840 | +€326,688 | +6.1% |
| Trade receivables | 40 | €869,396 | €363,793 | -€505,603 | -58.2% |
| Other amounts receivable | 41 | €4,509,756 | €5,342,047 | +€832,291 | +18.5% |
| Cash at bank and in hand | 54/58 | €113,948 | €111,321 | -€2,626 | -2.3% |
| Total equity and liabilities | 10/49 | €10,767,807 | €11,075,897 | +€308,089 | +2.9% |
| Equity | 10/15 | €9,566,787 | €9,880,308 | +€313,521 | +3.3% |
| Contributions | 10/11 | €2,702,637 | €2,702,637 | = | 0.0% |
| Capital | 10 | €2,702,637 | €2,702,637 | = | 0.0% |
| Issued capital | 100 | €2,702,637 | €2,702,637 | = | 0.0% |
| Reserves | 13 | €6,864,150 | €7,177,670 | +€313,521 | +4.6% |
| Non-distributable reserves | 130/1 | €500,264 | €500,264 | = | 0.0% |
| Legal reserve | 130 | €500,264 | €500,264 | = | 0.0% |
| Distributable reserves | 133 | €6,363,886 | €6,677,407 | +€313,521 | +4.9% |
| Provisions and deferred taxes | 16 | €47,971 | €40,296 | -€7,675 | -16.0% |
| Deferred taxes | 168 | €47,971 | €40,296 | -€7,675 | -16.0% |
| Amounts payable | 17/49 | €1,153,049 | €1,155,293 | +€2,244 | +0.2% |
| Amounts payable after more than one year | 17 | €52,902 | - | -€52,902 | |
| Financial debts | 170/4 | €52,902 | - | -€52,902 | |
| Leasing and similar obligations | 172 | €52,902 | - | -€52,902 | |
| Amounts payable within one year | 42/48 | €1,100,147 | €1,155,293 | +€55,146 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €205,662 | €52,902 | -€152,760 | -74.3% |
| Trade debts | 44 | €16,563 | €11,527 | -€5,036 | -30.4% |
| Suppliers | 440/4 | €16,563 | €11,527 | -€5,036 | -30.4% |
| Taxes, remuneration and social security | 45 | €44,523 | €49,114 | +€4,591 | +10.3% |
| Remuneration and social security | 454/9 | €44,523 | €49,114 | +€4,591 | +10.3% |
| Other amounts payable | 47/48 | €833,400 | €1,041,750 | +€208,350 | +25.0% |
| Operating income | 70/76A | €940,505 | €936,943 | -€3,562 | -0.4% |
| Turnover | 70 | €653,825 | €654,827 | +€1,002 | +0.2% |
| Other operating income | 74 | €286,680 | €282,116 | -€4,564 | -1.6% |
| Operating charges | 60/66A | €766,749 | €742,520 | -€24,230 | -3.2% |
| Services and other goods | 61 | €349,428 | €379,660 | +€30,233 | +8.7% |
| Remuneration, social security and pensions | 62 | €301,321 | €246,858 | -€54,463 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,972 | €115,972 | = | 0.0% |
| Other operating charges | 640/8 | €29 | €29 | +€1 | +3.0% |
| Operating profit (loss) | 9901 | €173,755 | €194,423 | +€20,667 | +11.9% |
| Financial income | 75/76B | €214,741 | €1,258,259 | +€1.0m | +485.9% |
| Recurring financial income | 75 | €114,741 | €1,158,259 | +€1.0m | +909.5% |
| Income from financial fixed assets | 750 | - | €1,050,000 | +€1.1m | |
| Income from current assets | 751 | €114,741 | €108,259 | -€6,482 | -5.6% |
| Other financial income | 752/9 | €1 | €0 | -€1 | -96.3% |
| Non-recurring financial income | 76B | €100,000 | €100,000 | = | 0.0% |
| Financial charges | 65/66B | €41,682 | €28,121 | -€13,560 | -32.5% |
| Recurring financial charges | 65 | €41,682 | €28,121 | -€13,560 | -32.5% |
| Debt charges | 650 | €40,453 | €27,217 | -€13,236 | -32.7% |
| Other financial charges | 652/9 | €1,229 | €904 | -€325 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €346,815 | €1,424,560 | +€1.1m | +310.8% |
| Transfer from deferred taxes | 780 | €7,675 | €7,675 | = | 0.0% |
| Income taxes | 67/77 | €70,817 | €76,965 | +€6,147 | +8.7% |
| Taxes | 670/3 | €70,817 | €76,965 | +€6,147 | +8.7% |
| Profit (loss) for the period | 9904 | €283,673 | €1,355,271 | +€1.1m | +377.8% |
| Profit (loss) for the period to be appropriated | 9905 | €283,673 | €1,355,271 | +€1.1m | +377.8% |
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 10 October 2026 via checked.be.