DECO LIGOT: 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 LIGOT
Largest movements
- Tangible fixed assets -€84,975
down €84,975 (-7.7%), from €1.1m to €1.0m
of which Land and buildings: -€58,500
- Receivables within one year -€58,862
down €58,862 (-20.5%), from €287,698 to €228,836
of which Trade receivables: -€58,862
- Cash +€27,327
up €27,327 (+193%), from €14,165 to €41,492
mainly Depreciation (+€95,474) and Other debts (+€77,886)
- Trade debts -€112,603
down €112,603 (-37.6%), from €299,528 to €186,925
- Debts after one year -€82,049
down €82,049 (-8.6%), from €957,157 to €875,108
- Other debts +€77,886
up €77,886 (+74.1%), from €105,111 to €182,997
- Financial income -€42,965
down €42,965 (-81.1%), from €52,960 to €9,995
- Gross operating margin +€38,394
up €38,394 (+20.2%), from €190,476 to €228,870
- Taxes -€7,128
down €7,128 (-78.2%), from €9,119 to €1,991
- Other operating charges -€4,057
down €4,057 (-81.0%), from €5,008 to €951
- Staff costs +€2,817
up €2,817 (+2.7%), from €102,740 to €105,557
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,784,244 | €1,647,435 | -€136,809 | -7.7% |
| Fixed assets | 21/28 | €1,226,243 | €1,132,186 | -€94,057 | -7.7% |
| Intangible fixed assets | 21 | €116,007 | €106,925 | -€9,082 | -7.8% |
| Tangible fixed assets | 22/27 | €1,109,858 | €1,024,883 | -€84,975 | -7.7% |
| Land and buildings | 22 | €977,197 | €918,697 | -€58,500 | -6.0% |
| Plant, machinery and equipment | 23 | €125,892 | €100,181 | -€25,711 | -20.4% |
| Furniture and vehicles | 24 | €6,769 | €6,005 | -€764 | -11.3% |
| Financial fixed assets | 28 | €378 | €378 | = | 0.0% |
| Current assets | 29/58 | €558,001 | €515,249 | -€42,752 | -7.7% |
| Stocks and contracts in progress | 3 | €255,758 | €238,962 | -€16,796 | -6.6% |
| Stocks | 30/36 | €255,758 | €238,962 | -€16,796 | -6.6% |
| Amounts receivable within one year | 40/41 | €287,698 | €228,836 | -€58,862 | -20.5% |
| Trade receivables | 40 | €120,528 | €61,666 | -€58,862 | -48.8% |
| Other amounts receivable | 41 | €167,170 | €167,170 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,165 | €41,492 | +€27,327 | +193% |
| Deferred charges and accrued income | 490/1 | €380 | €5,959 | +€5,579 | +1,468% |
| Total equity and liabilities | 10/49 | €1,784,244 | €1,647,435 | -€136,809 | -7.7% |
| Equity | 10/15 | €317,408 | €310,451 | -€6,957 | -2.2% |
| Contributions | 10/11 | €61,964 | €61,964 | = | 0.0% |
| Capital | 10 | €61,964 | €61,964 | = | 0.0% |
| Issued capital | 100 | €61,964 | €61,964 | = | 0.0% |
| Reserves | 13 | €10,158 | €10,158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,196 | €6,196 | = | 0.0% |
| Legal reserve | 130 | €6,196 | €6,196 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,962 | €3,962 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,682 | €115,500 | +€1,818 | +1.6% |
| Investment grants | 15 | €131,604 | €122,829 | -€8,775 | -6.7% |
| Amounts payable | 17/49 | €1,466,836 | €1,336,984 | -€129,852 | -8.9% |
| Amounts payable after more than one year | 17 | €957,157 | €875,108 | -€82,049 | -8.6% |
| Financial debts | 170/4 | €957,157 | €875,108 | -€82,049 | -8.6% |
| Amounts payable within one year | 42/48 | €509,679 | €461,876 | -€47,803 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €81,647 | €82,049 | +€402 | +0.5% |
| Trade debts | 44 | €299,528 | €186,925 | -€112,603 | -37.6% |
| Suppliers | 440/4 | €299,528 | €186,925 | -€112,603 | -37.6% |
| Taxes, remuneration and social security | 45 | €23,393 | €9,905 | -€13,488 | -57.7% |
| Taxes | 450/3 | €14,346 | €6,699 | -€7,647 | -53.3% |
| Remuneration and social security | 454/9 | €9,047 | €3,206 | -€5,841 | -64.6% |
| Other amounts payable | 47/48 | €105,111 | €182,997 | +€77,886 | +74.1% |
| Non-recurring operating income | 76A | - | €2 | +€2 | |
| Remuneration, social security and pensions | 62 | €102,740 | €105,557 | +€2,817 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,674 | €95,474 | -€2,200 | -2.3% |
| Other operating charges | 640/8 | €5,008 | €951 | -€4,057 | -81.0% |
| Non-recurring operating charges | 66A | €548 | €200 | -€348 | -63.5% |
| Gross operating margin | 9900 | €190,476 | €228,870 | +€38,394 | +20.2% |
| Operating profit (loss) | 9901 | -€15,494 | €26,688 | +€42,182 | |
| Financial income | 75/76B | €52,960 | €9,995 | -€42,965 | -81.1% |
| Recurring financial income | 75 | €52,960 | €9,995 | -€42,965 | -81.1% |
| Financial charges | 65/66B | €33,951 | €34,630 | +€679 | +2.0% |
| Recurring financial charges | 65 | €33,951 | €34,630 | +€679 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €3,515 | €2,053 | -€1,462 | -41.6% |
| Transfer from deferred taxes | 780 | €12,679 | €1,756 | -€10,923 | -86.2% |
| Income taxes | 67/77 | €9,119 | €1,991 | -€7,128 | -78.2% |
| Profit (loss) for the period | 9904 | €7,075 | €1,818 | -€5,257 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,075 | €1,818 | -€5,257 | -74.3% |
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 31 October 2026 via checked.be.