DECO LIEGE: 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 LIEGE
Largest movements
- Receivables after one year -€159,275
down €159,275 (-100%), from €159,275 to €0
- Stocks and contracts +€36,800
up €36,800 (+15.0%), from €245,200 to €282,000
- Tangible fixed assets -€18,395
down €18,395 (-14.8%), from €124,507 to €106,112
of which Other tangible fixed assets: -€13,423
- Receivables within one year -€14,883
down €14,883 (-43.6%), from €34,160 to €19,277
of which Other amounts receivable: -€18,300
- Cash +€7,059
up €7,059 (+5.6%), from €126,335 to €133,394
mainly Receivables after one year (+€159,275) and Net result for the year (+€83,407)
- Other debts -€162,631
down €162,631 (-66.1%), from €246,037 to €83,407
- Trade debts +€18,984
up €18,984 (+30.7%), from €61,788 to €80,772
- Tax, wage and social debts -€7,191
down €7,191 (-35.6%), from €20,188 to €12,997
of which Remuneration and social security: -€4,412
- Gross operating margin +€67,825
up €67,825 (+42.2%), from €160,812 to €228,636
- Write-downs +€62,335
up €62,335, from -€62,335 to €0
- Other operating charges -€53,738
down €53,738 (-92.7%), from €57,977 to €4,239
- Taxes +€15,330
up €15,330 (+120%), from €12,748 to €28,079
- Financial income -€3,857
down €3,857 (-65.9%), from €5,848 to €1,991
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 | €701,041 | €552,988 | -€148,053 | -21.1% |
| Fixed assets | 21/28 | €134,532 | €116,137 | -€18,395 | -13.7% |
| Tangible fixed assets | 22/27 | €124,507 | €106,112 | -€18,395 | -14.8% |
| Furniture and vehicles | 24 | €8,163 | €3,191 | -€4,972 | -60.9% |
| Other tangible fixed assets | 26 | €116,344 | €102,921 | -€13,423 | -11.5% |
| Financial fixed assets | 28 | €10,025 | €10,025 | = | 0.0% |
| Current assets | 29/58 | €566,509 | €436,851 | -€129,659 | -22.9% |
| Amounts receivable after more than one year | 29 | €159,275 | €0 | -€159,275 | -100% |
| Other amounts receivable | 291 | €159,275 | €0 | -€159,275 | -100% |
| Stocks and contracts in progress | 3 | €245,200 | €282,000 | +€36,800 | +15.0% |
| Stocks | 30/36 | €245,200 | €282,000 | +€36,800 | +15.0% |
| Amounts receivable within one year | 40/41 | €34,160 | €19,277 | -€14,883 | -43.6% |
| Trade receivables | 40 | - | €3,417 | +€3,417 | |
| Other amounts receivable | 41 | €34,160 | €15,860 | -€18,300 | -53.6% |
| Cash at bank and in hand | 54/58 | €126,335 | €133,394 | +€7,059 | +5.6% |
| Deferred charges and accrued income | 490/1 | €1,540 | €2,180 | +€640 | +41.5% |
| Total equity and liabilities | 10/49 | €701,041 | €552,988 | -€148,053 | -21.1% |
| Equity | 10/15 | €367,655 | €367,655 | = | 0.0% |
| Contributions | 10/11 | €39,600 | €39,600 | = | 0.0% |
| Reserves | 13 | €3,960 | €3,960 | = | 0.0% |
| Distributable reserves | 133 | €3,960 | €3,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €324,095 | €324,095 | = | 0.0% |
| Amounts payable | 17/49 | €333,386 | €185,333 | -€148,053 | -44.4% |
| Amounts payable within one year | 42/48 | €328,013 | €177,175 | -€150,838 | -46.0% |
| Trade debts | 44 | €61,788 | €80,772 | +€18,984 | +30.7% |
| Suppliers | 440/4 | €61,788 | €80,772 | +€18,984 | +30.7% |
| Taxes, remuneration and social security | 45 | €20,188 | €12,997 | -€7,191 | -35.6% |
| Taxes | 450/3 | €3,027 | €248 | -€2,779 | -91.8% |
| Remuneration and social security | 454/9 | €17,161 | €12,749 | -€4,412 | -25.7% |
| Other amounts payable | 47/48 | €246,037 | €83,407 | -€162,631 | -66.1% |
| Accrued charges and deferred income | 492/3 | €5,373 | €8,157 | +€2,785 | +51.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €99,452 | €96,361 | -€3,090 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,975 | €18,395 | -€1,580 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€62,335 | €0 | +€62,335 | |
| Other operating charges | 640/8 | €57,977 | €4,239 | -€53,738 | -92.7% |
| Gross operating margin | 9900 | €160,812 | €228,636 | +€67,825 | +42.2% |
| Operating profit (loss) | 9901 | €45,743 | €109,641 | +€63,898 | +140% |
| Financial income | 75/76B | €5,848 | €1,991 | -€3,857 | -65.9% |
| Recurring financial income | 75 | €5,848 | €1,991 | -€3,857 | -65.9% |
| Financial charges | 65/66B | €464 | €147 | -€316 | -68.2% |
| Recurring financial charges | 65 | €464 | €147 | -€316 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | €51,128 | €111,485 | +€60,357 | +118% |
| Income taxes | 67/77 | €12,748 | €28,079 | +€15,330 | +120% |
| Profit (loss) for the period | 9904 | €38,380 | €83,407 | +€45,027 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €38,380 | €83,407 | +€45,027 | +117% |
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 22 October 2026 via checked.be.