DECO OIL: 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 OIL
Largest movements
- Cash +€127,579
up €127,579 (+63.9%), from €199,553 to €327,132
mainly Depreciation (+€96,270) and Net result for the year (+€72,298)
- Tangible fixed assets +€28,470
up €28,470 (+14.9%), from €191,532 to €220,002
of which Leasing and similar rights: +€84,724
- Deferred charges and accrued income +€21,666
up €21,666 (+1,093%), from €1,983 to €23,649
- Receivables within one year -€7,751
down €7,751 (-6.9%), from €112,119 to €104,368
of which Trade receivables: -€5,239
- Trade debts +€57,174
up €57,174 (+106%), from €53,894 to €111,068
- Reserves +€48,768
up €48,768 (+14.5%), from €336,578 to €385,346
- Debts after one year +€28,696
up €28,696 (+42.4%), from €67,722 to €96,418
- Current portion of long-term debt +€17,740
up €17,740 (+54.5%), from €32,522 to €50,262
- Other debts +€17,542
up €17,542 (+714%), from €2,458 to €20,000
- Gross operating margin +€37,729
up €37,729 (+16.4%), from €229,394 to €267,123
- Depreciation +€9,674
up €9,674 (+11.2%), from €86,596 to €96,270
- Taxes +€3,258
up €3,258 (+26.6%), from €12,256 to €15,514
- Staff costs -€3,149
down €3,149 (-4.0%), from €78,047 to €74,898
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 | €546,549 | €713,254 | +€166,705 | +30.5% |
| Fixed assets | 21/28 | €191,532 | €220,002 | +€28,470 | +14.9% |
| Tangible fixed assets | 22/27 | €191,532 | €220,002 | +€28,470 | +14.9% |
| Plant, machinery and equipment | 23 | €41,778 | €27,034 | -€14,744 | -35.3% |
| Furniture and vehicles | 24 | €73,585 | €32,076 | -€41,510 | -56.4% |
| Leasing and similar rights | 25 | €76,169 | €160,893 | +€84,724 | +111% |
| Current assets | 29/58 | €355,017 | €493,252 | +€138,235 | +38.9% |
| Stocks and contracts in progress | 3 | €41,362 | €38,103 | -€3,259 | -7.9% |
| Stocks | 30/36 | €41,362 | €38,103 | -€3,259 | -7.9% |
| Amounts receivable within one year | 40/41 | €112,119 | €104,368 | -€7,751 | -6.9% |
| Trade receivables | 40 | €109,225 | €103,986 | -€5,239 | -4.8% |
| Other amounts receivable | 41 | €2,894 | €382 | -€2,512 | -86.8% |
| Cash at bank and in hand | 54/58 | €199,553 | €327,132 | +€127,579 | +63.9% |
| Deferred charges and accrued income | 490/1 | €1,983 | €23,649 | +€21,666 | +1,093% |
| Total equity and liabilities | 10/49 | €546,549 | €713,254 | +€166,705 | +30.5% |
| Equity | 10/15 | €371,578 | €420,346 | +€48,768 | +13.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €336,578 | €385,346 | +€48,768 | +14.5% |
| Distributable reserves | 133 | €336,578 | €385,346 | +€48,768 | +14.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €174,971 | €292,908 | +€117,937 | +67.4% |
| Amounts payable after more than one year | 17 | €67,722 | €96,418 | +€28,696 | +42.4% |
| Financial debts | 170/4 | €67,722 | €96,418 | +€28,696 | +42.4% |
| Amounts payable within one year | 42/48 | €105,857 | €195,517 | +€89,660 | +84.7% |
| Current portion of amounts payable after more than one year | 42 | €32,522 | €50,262 | +€17,740 | +54.5% |
| Trade debts | 44 | €53,894 | €111,068 | +€57,174 | +106% |
| Suppliers | 440/4 | €53,894 | €111,068 | +€57,174 | +106% |
| Taxes, remuneration and social security | 45 | €16,983 | €14,187 | -€2,796 | -16.5% |
| Taxes | 450/3 | €7,105 | €4,766 | -€2,338 | -32.9% |
| Remuneration and social security | 454/9 | €9,878 | €9,421 | -€458 | -4.6% |
| Other amounts payable | 47/48 | €2,458 | €20,000 | +€17,542 | +714% |
| Accrued charges and deferred income | 492/3 | €1,392 | €973 | -€420 | -30.1% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €78,047 | €74,898 | -€3,149 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,596 | €96,270 | +€9,674 | +11.2% |
| Other operating charges | 640/8 | €3,393 | €3,210 | -€184 | -5.4% |
| Gross operating margin | 9900 | €229,394 | €267,123 | +€37,729 | +16.4% |
| Operating profit (loss) | 9901 | €61,357 | €92,745 | +€31,388 | +51.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.0% |
| Financial charges | 65/66B | €4,312 | €4,934 | +€622 | +14.4% |
| Recurring financial charges | 65 | €4,312 | €4,934 | +€622 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €57,047 | €87,811 | +€30,765 | +53.9% |
| Income taxes | 67/77 | €12,256 | €15,514 | +€3,258 | +26.6% |
| Profit (loss) for the period | 9904 | €44,791 | €72,298 | +€27,507 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,791 | €72,298 | +€27,507 | +61.4% |
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.