DECO - IM: 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 - IM
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€783,517
2024 · €846,313-€62,796
Equity
€11.1m
2024 · €10.9m+€159,204
Cash
€385,988
2024 · €467,057-€81,069
Balance sheet total
€36.0m
2024 · €37.6m-€1.6m
Largest movements
Assets
- Current investments -€2.7m
no longer reported in 2025 (was €2.7m)
- Tangible fixed assets +€2.1m
up €2.1m (+6.7%), from €31.8m to €34.0m
of which Land and buildings: +€1.5m
- Receivables within one year -€913,814
down €913,814 (-36.9%), from €2.5m to €1.6m
of which Other amounts receivable: -€977,874
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-5.0%), from €22.6m to €21.4m
- Reserves +€783,517
up €783,517 (+9.6%), from €8.2m to €9.0m
of which Distributable reserves: +€838,499
- Investment grants -€624,313
down €624,313 (-27.0%), from €2.3m to €1.7m
Income statement
- Turnover +€265,180
up €265,180 (+7.2%), from €3.7m to €4.0m
- Depreciation +€259,091
up €259,091 (+16.5%), from €1.6m to €1.8m
- Other operating income -€78,840
down €78,840 (-15.1%), from €522,364 to €443,524
- Services and other goods -€77,339
down €77,339 (-8.5%), from €912,562 to €835,223
- Taxes +€45,508
up €45,508 (+23.2%), from €196,406 to €241,914
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
€846,313
Turnover
+€265,180
Other operating income
-€78,840
Services and other goods
+€77,339
Depreciation
-€259,091
Other operating charges
-€5,378
Financial income
-€41,928
Financial charges
+€15,042
Taxes
-€45,508
Deferred taxes and other
+€10,387
Result 2025
€783,517
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
+€3.2m
Investment
-€1.3m
Financing
-€2.0m
Cash 2024
€467,057
From operations (derived)
+€3.2m
Net result for the year
+€783,517
Depreciation
+€1.8m
Receivables within one year
+€913,814
Deferred charges and accrued income
-€6,289
Provisions
-€20,562
Trade debts
-€15,759
Tax, wage and social debts
+€65,879
Other debts
-€337,609
Accrued charges and deferred income
-€38,308
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€4.0m
Current investments
+€2.7m
Financing
-€2.0m
Debts after one year
-€1.1m
Current portion of long-term debt
-€231,928
Contributions, distributions and other
-€624,313
Cash 2025
€385,988
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,583,926 | €36,033,814 | -€1.6m | -4.1% |
| Fixed assets | 21/28 | €31,940,823 | €34,079,306 | +€2.1m | +6.7% |
| Tangible fixed assets | 22/27 | €31,822,823 | €33,961,306 | +€2.1m | +6.7% |
| Land and buildings | 22 | €31,203,379 | €32,686,239 | +€1.5m | +4.8% |
| Plant, machinery and equipment | 23 | €613,710 | €1,272,199 | +€658,490 | +107% |
| Furniture and vehicles | 24 | €5,734 | €2,867 | -€2,867 | -50.0% |
| Financial fixed assets | 28 | €118,000 | €118,000 | = | 0.0% |
| Affiliated companies | 280/1 | €118,000 | €118,000 | = | 0.0% |
| Participating interests | 280 | €118,000 | €118,000 | = | 0.0% |
| Current assets | 29/58 | €5,643,103 | €1,954,508 | -€3.7m | -65.4% |
| Amounts receivable within one year | 40/41 | €2,476,045 | €1,562,231 | -€913,814 | -36.9% |
| Trade receivables | 40 | €533,391 | €597,450 | +€64,060 | +12.0% |
| Other amounts receivable | 41 | €1,942,655 | €964,781 | -€977,874 | -50.3% |
| Current investments | 50/53 | €2,700,000 | - | -€2.7m | |
| Other investments | 51/53 | €2,700,000 | - | -€2.7m | |
| Cash at bank and in hand | 54/58 | €467,057 | €385,988 | -€81,069 | -17.4% |
| Deferred charges and accrued income | 490/1 | - | €6,289 | +€6,289 | |
| Total equity and liabilities | 10/49 | €37,583,926 | €36,033,814 | -€1.6m | -4.1% |
| Equity | 10/15 | €10,945,530 | €11,104,734 | +€159,204 | +1.5% |
| Contributions | 10/11 | €446,208 | €446,208 | = | 0.0% |
| Capital | 10 | €446,208 | €446,208 | = | 0.0% |
| Issued capital | 100 | €446,208 | €446,208 | = | 0.0% |
| Reserves | 13 | €8,190,206 | €8,973,723 | +€783,517 | +9.6% |
| Non-distributable reserves | 130/1 | €44,793 | €44,793 | = | 0.0% |
| Legal reserve | 130 | €44,621 | €44,621 | = | 0.0% |
| Reserves not available under the articles | 1311 | €172 | €172 | = | 0.0% |
| Tax-exempt reserves | 132 | €891,600 | €836,617 | -€54,983 | -6.2% |
| Distributable reserves | 133 | €7,253,814 | €8,092,314 | +€838,499 | +11.6% |
| Investment grants | 15 | €2,309,115 | €1,684,803 | -€624,313 | -27.0% |
| Provisions and deferred taxes | 16 | €307,828 | €287,265 | -€20,562 | -6.7% |
| Deferred taxes | 168 | €307,828 | €287,265 | -€20,562 | -6.7% |
| Amounts payable | 17/49 | €26,330,568 | €24,641,815 | -€1.7m | -6.4% |
| Amounts payable after more than one year | 17 | €22,564,906 | €21,433,878 | -€1.1m | -5.0% |
| Financial debts | 170/4 | €22,564,906 | €21,433,878 | -€1.1m | -5.0% |
| Credit institutions | 173 | €22,564,906 | €21,433,878 | -€1.1m | -5.0% |
| Amounts payable within one year | 42/48 | €3,727,355 | €3,207,937 | -€519,417 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €1,831,056 | €1,599,128 | -€231,928 | -12.7% |
| Trade debts | 44 | €117,466 | €101,707 | -€15,759 | -13.4% |
| Suppliers | 440/4 | €117,466 | €101,707 | -€15,759 | -13.4% |
| Taxes, remuneration and social security | 45 | €71,310 | €137,189 | +€65,879 | +92.4% |
| Taxes | 450/3 | €71,310 | €137,189 | +€65,879 | +92.4% |
| Other amounts payable | 47/48 | €1,707,522 | €1,369,914 | -€337,609 | -19.8% |
| Accrued charges and deferred income | 492/3 | €38,308 | - | -€38,308 | |
| Operating income | 70/76A | €4,220,418 | €4,406,759 | +€186,341 | +4.4% |
| Turnover | 70 | €3,698,054 | €3,963,235 | +€265,180 | +7.2% |
| Other operating income | 74 | €522,364 | €443,524 | -€78,840 | -15.1% |
| Operating charges | 60/66A | €2,780,196 | €2,967,326 | +€187,130 | +6.7% |
| Services and other goods | 61 | €912,562 | €835,223 | -€77,339 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,570,376 | €1,829,467 | +€259,091 | +16.5% |
| Other operating charges | 640/8 | €297,258 | €302,636 | +€5,378 | +1.8% |
| Operating profit (loss) | 9901 | €1,440,222 | €1,439,433 | -€789 | -0.1% |
| Financial income | 75/76B | €324,712 | €282,784 | -€41,928 | -12.9% |
| Recurring financial income | 75 | €307,310 | €282,784 | -€24,526 | -8.0% |
| Income from current assets | 751 | €16,785 | €21,994 | +€5,208 | +31.0% |
| Other financial income | 752/9 | €290,524 | €260,790 | -€29,734 | -10.2% |
| Non-recurring financial income | 76B | €17,402 | - | -€17,402 | |
| Financial charges | 65/66B | €732,391 | €717,349 | -€15,042 | -2.1% |
| Recurring financial charges | 65 | €732,391 | €717,349 | -€15,042 | -2.1% |
| Debt charges | 650 | €721,382 | €713,313 | -€8,069 | -1.1% |
| Other financial charges | 652/9 | €11,009 | €4,036 | -€6,973 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €1,032,543 | €1,004,868 | -€27,675 | -2.7% |
| Transfer from deferred taxes | 780 | €10,176 | €20,562 | +€10,387 | +102% |
| Income taxes | 67/77 | €196,406 | €241,914 | +€45,508 | +23.2% |
| Taxes | 670/3 | €196,406 | €241,914 | +€45,508 | +23.2% |
| Profit (loss) for the period | 9904 | €846,313 | €783,517 | -€62,796 | -7.4% |
| Transfer from tax-exempt reserves | 789 | €21,074 | €54,983 | +€33,909 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €867,387 | €838,499 | -€28,888 | -3.3% |
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 18 October 2026 via checked.be.