DECO RECYCLING: what changed
What changed
DECO RECYCLING
NACE 38.210, Materials recovery from waste
filed annual accounts (NBB)
Net result for the year
€456,996
2024 · €271,866+€185,130
Equity
€1.8m
2024 · €1.8m+€6,996
Cash
€23,663
2024 · €26,864-€3,202
Balance sheet total
€2.8m
2024 · €2.6m+€141,287
Largest movements
Assets
- Receivables within one year +€125,096
up €125,096 (+5.2%), from €2.4m to €2.5m
of which Other amounts receivable: +€264,698
- Stocks and contracts +€38,867
up €38,867 (+132%), from €29,400 to €68,267
Equity and liabilities
- Other debts +€200,000
up €200,000 (+80.0%), from €250,000 to €450,000
- Trade debts -€86,870
down €86,870 (-17.2%), from €505,104 to €418,234
Income statement
- Gross operating margin +€81,591
up €81,591 (+12.5%), from €652,271 to €733,861
- Staff costs -€68,542
down €68,542 (-18.7%), from €367,387 to €298,845
- Financial income +€31,355
up €31,355 (+101%), from €31,113 to €62,468
- Write-downs +€7,346
new in 2025: €7,346
Change in the result, 2024 to 2025
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 2024
€271,866
Gross operating margin
+€81,591
Staff costs
+€68,542
Write-downs
-€7,346
Other operating charges
+€3,682
Financial income
+€31,355
Financial charges
+€0
Taxes
+€7,306
Result 2025
€456,996
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€446,798
Investment
€0
Financing
-€450,000
Cash 2024
€26,864
From operations (derived)
+€446,798
Net result for the year
+€456,996
Depreciation
+€4,877
Stocks and contracts
-€38,867
Receivables within one year
-€125,096
Deferred charges and accrued income
+€14,597
Trade debts
-€86,870
Tax, wage and social debts
+€20,847
Other debts
+€200,000
Accrued charges and deferred income
+€315
Financing
-€450,000
Contributions, distributions and other
-€450,000
Cash 2025
€23,663
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,619,389 | €2,760,676 | +€141,287 | +5.4% |
| Fixed assets | 21/28 | €147,860 | €142,983 | -€4,877 | -3.3% |
| Tangible fixed assets | 22/27 | €147,860 | €142,983 | -€4,877 | -3.3% |
| Land and buildings | 22 | €147,860 | €142,983 | -€4,877 | -3.3% |
| Current assets | 29/58 | €2,471,529 | €2,617,693 | +€146,164 | +5.9% |
| Stocks and contracts in progress | 3 | €29,400 | €68,267 | +€38,867 | +132% |
| Stocks | 30/36 | €29,400 | €68,267 | +€38,867 | +132% |
| Amounts receivable within one year | 40/41 | €2,400,284 | €2,525,380 | +€125,096 | +5.2% |
| Trade receivables | 40 | €402,699 | €263,097 | -€139,602 | -34.7% |
| Other amounts receivable | 41 | €1,997,585 | €2,262,283 | +€264,698 | +13.3% |
| Cash at bank and in hand | 54/58 | €26,864 | €23,663 | -€3,202 | -11.9% |
| Deferred charges and accrued income | 490/1 | €14,981 | €383 | -€14,597 | -97.4% |
| Total equity and liabilities | 10/49 | €2,619,389 | €2,760,676 | +€141,287 | +5.4% |
| Equity | 10/15 | €1,809,942 | €1,816,938 | +€6,996 | +0.4% |
| Contributions | 10/11 | €1,261,874 | €1,261,874 | = | 0.0% |
| Capital | 10 | €1,260,000 | €1,260,000 | = | 0.0% |
| Issued capital | 100 | €1,260,000 | €1,260,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,874 | €1,874 | = | 0.0% |
| Share premium | 1100/10 | €1,874 | €1,874 | = | 0.0% |
| Reserves | 13 | €121,396 | €121,746 | +€350 | +0.3% |
| Non-distributable reserves | 130/1 | €121,396 | €121,746 | +€350 | +0.3% |
| Legal reserve | 130 | €121,396 | €121,746 | +€350 | +0.3% |
| Profit (loss) carried forward | 14 | €426,671 | €433,318 | +€6,646 | +1.6% |
| Amounts payable | 17/49 | €809,447 | €943,738 | +€134,291 | +16.6% |
| Amounts payable within one year | 42/48 | €788,250 | €922,227 | +€133,976 | +17.0% |
| Trade debts | 44 | €505,104 | €418,234 | -€86,870 | -17.2% |
| Suppliers | 440/4 | €505,104 | €418,234 | -€86,870 | -17.2% |
| Taxes, remuneration and social security | 45 | €33,146 | €53,993 | +€20,847 | +62.9% |
| Taxes | 450/3 | €14,243 | €45,586 | +€31,343 | +220% |
| Remuneration and social security | 454/9 | €18,903 | €8,407 | -€10,496 | -55.5% |
| Other amounts payable | 47/48 | €250,000 | €450,000 | +€200,000 | +80.0% |
| Accrued charges and deferred income | 492/3 | €21,197 | €21,511 | +€315 | +1.5% |
| Remuneration, social security and pensions | 62 | €367,387 | €298,845 | -€68,542 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,877 | €4,877 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,346 | +€7,346 | |
| Other operating charges | 640/8 | €26,357 | €22,675 | -€3,682 | -14.0% |
| Gross operating margin | 9900 | €652,271 | €733,861 | +€81,591 | +12.5% |
| Operating profit (loss) | 9901 | €253,650 | €400,119 | +€146,469 | +57.7% |
| Financial income | 75/76B | €31,113 | €62,468 | +€31,355 | +101% |
| Recurring financial income | 75 | €31,113 | €62,468 | +€31,355 | +101% |
| Financial charges | 65/66B | €735 | €735 | -€0 | 0.0% |
| Recurring financial charges | 65 | €735 | €735 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €284,029 | €461,852 | +€177,824 | +62.6% |
| Income taxes | 67/77 | €12,162 | €4,856 | -€7,306 | -60.1% |
| Profit (loss) for the period | 9904 | €271,866 | €456,996 | +€185,130 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €271,866 | €456,996 | +€185,130 | +68.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.