DECO - INVEST: 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 - INVEST
Largest movements
- Cash -€86,064
down €86,064 (-80.8%), from €106,556 to €20,492
mainly Net result for the year (-€136,068) and Receivables within one year (-€67,944)
- Tangible fixed assets -€84,473
down €84,473 (-3.4%), from €2.5m to €2.4m
- Receivables within one year +€67,944
up €67,944 (+208%), from €32,589 to €100,533
of which Other amounts receivable: +€67,944
- Profit (loss) carried forward -€136,068
down €136,068 (-5.2%), from -€2.6m to -€2.8m
- Other operating charges -€70,809
down €70,809 (-75.5%), from €93,727 to €22,918
- Gross operating margin +€40,011
up €40,011 (+56.1%), from -€71,336 to -€31,325
- Purchases and services -€40,011
down €40,011 (-56.1%), from €71,336 to €31,325
- Depreciation -€29,860
down €29,860 (-26.1%), from €114,333 to €84,473
- Financial income +€1,990
up €1,990 (+217%), from €919 to €2,909
of which Financial income: +€1,990
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,653,553 | €2,550,903 | -€102,650 | -3.9% |
| Fixed assets | 21/28 | €2,501,000 | €2,416,527 | -€84,473 | -3.4% |
| Tangible fixed assets | 22/27 | €2,501,000 | €2,416,527 | -€84,473 | -3.4% |
| Land and buildings | 22 | €2,501,000 | €2,416,527 | -€84,473 | -3.4% |
| Current assets | 29/58 | €152,553 | €134,376 | -€18,177 | -11.9% |
| Amounts receivable within one year | 40/41 | €32,589 | €100,533 | +€67,944 | +208% |
| Trade receivables | 40 | €27,612 | €27,612 | = | 0.0% |
| Other amounts receivable | 41 | €4,977 | €72,921 | +€67,944 | +1,365% |
| Current investments | 50/53 | €13,328 | €13,328 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €106,556 | €20,492 | -€86,064 | -80.8% |
| Deferred charges and accrued income | 490/1 | €80 | €23 | -€57 | -71.3% |
| Total equity and liabilities | 10/49 | €2,653,553 | €2,550,903 | -€102,650 | -3.9% |
| Equity | 10/15 | €2,151,261 | €2,015,193 | -€136,068 | -6.3% |
| Contributions | 10/11 | €1,797,300 | €1,797,300 | = | 0.0% |
| Capital | 10 | - | €1,797,300 | +€1.8m | |
| Issued capital | 100 | - | €1,797,300 | +€1.8m | |
| Revaluation surpluses | 12 | €2,608,438 | €2,608,438 | = | 0.0% |
| Reserves | 13 | €374,343 | €374,343 | = | 0.0% |
| Non-distributable reserves | 130/1 | €143,260 | €143,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €129,932 | €129,932 | = | 0.0% |
| Own shares acquired | 1312 | €13,328 | €13,328 | = | 0.0% |
| Distributable reserves | 133 | €231,083 | €231,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,634,736 | -€2,770,804 | -€136,068 | -5.2% |
| Investment grants | 15 | €5,916 | €5,916 | = | 0.0% |
| Provisions and deferred taxes | 16 | €366,553 | €366,553 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €366,553 | €366,553 | = | 0.0% |
| Other liabilities and charges | 164/5 | €366,553 | €366,553 | = | 0.0% |
| Amounts payable | 17/49 | €135,739 | €169,157 | +€33,418 | +24.6% |
| Amounts payable within one year | 42/48 | €135,739 | €169,157 | +€33,418 | +24.6% |
| Trade debts | 44 | €135,739 | €149,157 | +€13,418 | +9.9% |
| Suppliers | 440/4 | €135,739 | €149,157 | +€13,418 | +9.9% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €71,336 | €31,325 | -€40,011 | -56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,333 | €84,473 | -€29,860 | -26.1% |
| Other operating charges | 640/8 | €93,727 | €22,918 | -€70,809 | -75.5% |
| Non-recurring operating charges | 66A | €366,553 | - | -€366,553 | |
| Gross operating margin | 9900 | -€71,336 | -€31,325 | +€40,011 | +56.1% |
| Operating profit (loss) | 9901 | -€645,949 | -€138,716 | +€507,233 | +78.5% |
| Financial income | 75/76B | €919 | €2,909 | +€1,990 | +217% |
| Recurring financial income | 75 | €919 | €2,909 | +€1,990 | +217% |
| Non-recurring financial income | 76B | €919 | €2,909 | +€1,990 | +217% |
| Financial charges | 65/66B | €36 | €261 | +€225 | +625% |
| Recurring financial charges | 65 | €36 | €261 | +€225 | +625% |
| Profit (loss) for the period before taxes | 9903 | -€645,066 | -€136,068 | +€508,998 | +78.9% |
| Profit (loss) for the period | 9904 | -€645,066 | -€136,068 | +€508,998 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€645,066 | -€136,068 | +€508,998 | +78.9% |
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 28 October 2026 via checked.be.