DECO LINE: 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 LINE
Largest movements
- Cash +€145,828
up €145,828 (+65.3%), from €223,456 to €369,284
mainly Net result for the year (+€187,004) and Trade debts (+€113,832)
- Receivables within one year -€55,905
down €55,905 (-14.7%), from €381,430 to €325,525
of which Trade receivables: -€60,458
- Tangible fixed assets -€27,180
down €27,180 (-7.4%), from €366,274 to €339,094
of which Land and buildings: -€15,866
- Deferred charges and accrued income +€16,696
up €16,696 (+137.9%), from €12,107 to €28,803
- Stocks and contracts +€15,817
up €15,817 (+31.8%), from €49,729 to €65,546
- Reserves +€186,000
up €186,000 (+65.7%), from €283,260 to €469,260
of which Distributable reserves: +€186,000
- Accrued charges and deferred income -€157,215
down €157,215 (-69.4%), from €226,442 to €69,227
- Trade debts +€113,832
up €113,832 (+162.1%), from €70,230 to €184,062
- Short-term financial debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tax, wage and social debts +€43,057
up €43,057 (+140.6%), from €30,617 to €73,674
of which Taxes: +€43,057
- Gross operating margin +€219,857
up €219,857 (+113.7%), from €193,445 to €413,302
- Taxes +€57,650
up €57,650 (+273.4%), from €21,085 to €78,734
- Staff costs +€42,236
up €42,236 (+69.3%), from €60,922 to €103,158
- Financial income +€4,247
up €4,247 (+1323.6%), from €321 to €4,568
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.
Cash bridge derived
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 | €1,032,996 | €1,128,252 | +€95,256 | +9.2% |
| Fixed assets | 21/28 | €366,274 | €339,094 | -€27,180 | -7.4% |
| Tangible fixed assets | 22/27 | €366,274 | €339,094 | -€27,180 | -7.4% |
| Land and buildings | 22 | €332,684 | €316,818 | -€15,866 | -4.8% |
| Plant, machinery and equipment | 23 | €2,138 | €1,050 | -€1,088 | -50.9% |
| Furniture and vehicles | 24 | €19,706 | €14,198 | -€5,509 | -28.0% |
| Leasing and similar rights | 25 | €11,746 | €7,029 | -€4,716 | -40.2% |
| Current assets | 29/58 | €666,722 | €789,158 | +€122,436 | +18.4% |
| Stocks and contracts in progress | 3 | €49,729 | €65,546 | +€15,817 | +31.8% |
| Stocks | 30/36 | €49,729 | €65,546 | +€15,817 | +31.8% |
| Amounts receivable within one year | 40/41 | €381,430 | €325,525 | -€55,905 | -14.7% |
| Trade receivables | 40 | €370,634 | €310,176 | -€60,458 | -16.3% |
| Other amounts receivable | 41 | €10,796 | €15,349 | +€4,553 | +42.2% |
| Cash at bank and in hand | 54/58 | €223,456 | €369,284 | +€145,828 | +65.3% |
| Deferred charges and accrued income | 490/1 | €12,107 | €28,803 | +€16,696 | +137.9% |
| Total equity and liabilities | 10/49 | €1,032,996 | €1,128,252 | +€95,256 | +9.2% |
| Equity | 10/15 | €303,410 | €490,414 | +€187,004 | +61.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €283,260 | €469,260 | +€186,000 | +65.7% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €270,260 | €456,260 | +€186,000 | +68.8% |
| Profit (loss) carried forward | 14 | €1,550 | €2,554 | +€1,004 | +64.8% |
| Amounts payable | 17/49 | €729,586 | €637,838 | -€91,748 | -12.6% |
| Amounts payable after more than one year | 17 | €311,274 | €286,823 | -€24,451 | -7.9% |
| Financial debts | 170/4 | €311,274 | €286,823 | -€24,451 | -7.9% |
| Amounts payable within one year | 42/48 | €191,870 | €281,788 | +€89,918 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €28,811 | €24,053 | -€4,759 | -16.5% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100.0% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade debts | 44 | €70,230 | €184,062 | +€113,832 | +162.1% |
| Suppliers | 440/4 | €70,230 | €184,062 | +€113,832 | +162.1% |
| Taxes, remuneration and social security | 45 | €30,617 | €73,674 | +€43,057 | +140.6% |
| Taxes | 450/3 | €30,617 | €73,674 | +€43,057 | +140.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,213 | €0 | -€12,213 | -100.0% |
| Accrued charges and deferred income | 492/3 | €226,442 | €69,227 | -€157,215 | -69.4% |
| Remuneration, social security and pensions | 62 | €60,922 | €103,158 | +€42,236 | +69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,432 | €32,484 | +€1,052 | +3.3% |
| Other operating charges | 640/8 | €3,641 | €4,603 | +€962 | +26.4% |
| Non-recurring operating charges | 66A | €10,333 | €0 | -€10,333 | -100.0% |
| Gross operating margin | 9900 | €193,445 | €413,302 | +€219,857 | +113.7% |
| Operating profit (loss) | 9901 | €87,117 | €273,057 | +€185,940 | +213.4% |
| Financial income | 75/76B | €321 | €4,568 | +€4,247 | +1323.6% |
| Recurring financial income | 75 | €321 | €4,568 | +€4,247 | +1323.6% |
| Financial charges | 65/66B | €11,298 | €11,886 | +€587 | +5.2% |
| Recurring financial charges | 65 | €11,298 | €11,886 | +€587 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €76,140 | €265,739 | +€189,599 | +249.0% |
| Income taxes | 67/77 | €21,085 | €78,734 | +€57,650 | +273.4% |
| Profit (loss) for the period | 9904 | €55,055 | €187,004 | +€131,949 | +239.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,055 | €187,004 | +€131,949 | +239.7% |
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 12 October 2026 via checked.be.