DECO INVEST: what changed
What changed
DECO INVEST
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€1.0m
2025 · €20,077+€1.0m
Equity
€2.4m
2025 · €3.3m-€931,094
Cash
€1.9m
2025 · €241,242+€1.6m
Balance sheet total
€4.3m
2025 · €3.4m+€898,505
Largest movements
Assets
- Cash +€1.6m
up €1.6m (+667%), from €241,242 to €1.9m
mainly Other debts (+€1.5m) and Net result for the year (+€1.0m)
- Tangible fixed assets -€717,541
down €717,541 (-22.8%), from €3.2m to €2.4m
Equity and liabilities
- Contributions -€1.5m
down €1.5m (-53.5%), from €2.8m to €1.3m
- Other debts +€1.5m
up €1.5m (+130,235%), from €1,142 to €1.5m
- Profit (loss) carried forward +€1.0m
up €1.0m (+1,526%), from €67,261 to €1.1m
- Revaluation surpluses -€457,251
no longer reported in 2026 (was €457,251)
- Tax, wage and social debts +€363,193
up €363,193 (+4,221%), from €8,604 to €371,796
Income statement
- Gross operating margin +€1.4m
up €1.4m (+675%), from €203,410 to €1.6m
- Taxes +€369,995
new in 2026: €369,995
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€20,077
Gross operating margin
+€1.4m
Depreciation
+€1,506
Other operating charges
-€1,019
Financial income
-€1
Financial charges
+€2,799
Taxes
-€369,995
Result 2026
€1.0m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.0m
Investment
+€575,224
Financing
-€2.0m
Cash 2025
€241,242
From operations (derived)
+€3.0m
Net result for the year
+€1.0m
Depreciation
+€142,317
Receivables within one year
-€6,394
Deferred charges and accrued income
-€48
Trade debts
-€17,552
Tax, wage and social debts
+€363,193
Other debts
+€1.5m
Accrued charges and deferred income
+€19,462
Investment (derived)
+€575,224
Investment in fixed assets (net)
+€575,224
Financing
-€2.0m
Current portion of long-term debt
-€23,240
Contributions, distributions and other
-€2.0m
Cash 2026
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,415,067 | €4,313,572 | +€898,505 | +26.3% |
| Fixed assets | 21/28 | €3,153,196 | €2,435,655 | -€717,541 | -22.8% |
| Tangible fixed assets | 22/27 | €3,153,196 | €2,435,655 | -€717,541 | -22.8% |
| Land and buildings | 22 | €3,153,196 | €2,435,655 | -€717,541 | -22.8% |
| Current assets | 29/58 | €261,871 | €1,877,918 | +€1.6m | +617% |
| Amounts receivable within one year | 40/41 | €15,094 | €21,488 | +€6,394 | +42.4% |
| Trade receivables | 40 | €3,550 | €6,055 | +€2,505 | +70.6% |
| Other amounts receivable | 41 | €11,544 | €15,433 | +€3,889 | +33.7% |
| Cash at bank and in hand | 54/58 | €241,242 | €1,850,847 | +€1.6m | +667% |
| Deferred charges and accrued income | 490/1 | €5,536 | €5,583 | +€48 | +0.9% |
| Total equity and liabilities | 10/49 | €3,415,067 | €4,313,572 | +€898,505 | +26.3% |
| Equity | 10/15 | €3,337,410 | €2,406,316 | -€931,094 | -27.9% |
| Contributions | 10/11 | €2,802,000 | €1,302,000 | -€1.5m | -53.5% |
| Capital | 10 | €2,802,000 | €1,302,000 | -€1.5m | -53.5% |
| Issued capital | 100 | €2,802,000 | €1,302,000 | -€1.5m | -53.5% |
| Revaluation surpluses | 12 | €457,251 | - | -€457,251 | |
| Reserves | 13 | €10,898 | €10,898 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,811 | €7,811 | = | 0.0% |
| Legal reserve | 130 | €7,811 | €7,811 | = | 0.0% |
| Distributable reserves | 133 | €3,086 | €3,086 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,261 | €1,093,418 | +€1.0m | +1,526% |
| Amounts payable | 17/49 | €77,657 | €1,907,256 | +€1.8m | +2,356% |
| Amounts payable within one year | 42/48 | €68,657 | €1,878,795 | +€1.8m | +2,636% |
| Current portion of amounts payable after more than one year | 42 | €23,240 | - | -€23,240 | |
| Trade debts | 44 | €35,671 | €18,118 | -€17,552 | -49.2% |
| Suppliers | 440/4 | €35,671 | €18,118 | -€17,552 | -49.2% |
| Taxes, remuneration and social security | 45 | €8,604 | €371,796 | +€363,193 | +4,221% |
| Taxes | 450/3 | €8,604 | €371,796 | +€363,193 | +4,221% |
| Other amounts payable | 47/48 | €1,142 | €1,488,880 | +€1.5m | +130,235% |
| Accrued charges and deferred income | 492/3 | €9,000 | €28,462 | +€19,462 | +216% |
| Non-recurring operating income | 76A | - | €1,428,264 | +€1.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,824 | €142,317 | -€1,506 | -1.0% |
| Other operating charges | 640/8 | €36,296 | €37,315 | +€1,019 | +2.8% |
| Gross operating margin | 9900 | €203,410 | €1,576,200 | +€1.4m | +675% |
| Operating profit (loss) | 9901 | €23,291 | €1,396,568 | +€1.4m | +5,896% |
| Financial income | 75/76B | €47 | €46 | -€1 | -2.3% |
| Recurring financial income | 75 | €47 | €46 | -€1 | -2.3% |
| Financial charges | 65/66B | €3,261 | €462 | -€2,799 | -85.8% |
| Recurring financial charges | 65 | €3,261 | €462 | -€2,799 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | €20,077 | €1,396,152 | +€1.4m | +6,854% |
| Income taxes | 67/77 | - | €369,995 | +€369,995 | |
| Profit (loss) for the period | 9904 | €20,077 | €1,026,157 | +€1.0m | +5,011% |
| Profit (loss) for the period to be appropriated | 9905 | €20,077 | €1,026,157 | +€1.0m | +5,011% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.