DECO-REN PROJECTS: what changed
Two fiscal 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-REN PROJECTS
Largest movements
- Cash +€39,872
up €39,872 (+164.3%), from €24,263 to €64,135
mainly Net result for the year (+€58,369) and Debts after one year (+€9,595)
- Tangible fixed assets +€18,541
up €18,541 (+256.7%), from €7,223 to €25,764
of which Furniture and vehicles: +€16,917
- Receivables within one year +€16,236
up €16,236 (+26.4%), from €61,444 to €77,680
of which Other amounts receivable: +€20,011
- Deferred charges and accrued income +€2,553
up €2,553 (+1078.6%), from €237 to €2,790
- Reserves +€49,153
up €49,153 (+65.6%), from €74,969 to €124,121
of which Distributable reserves: +€49,153
- Debts after one year +€9,595
new in 2025: €9,595
- Profit (loss) carried forward +€9,217
no longer reported in 2025 (was -€9,217)
- Current portion of long-term debt +€8,822
new in 2025: €8,822
- Gross operating margin +€68,833
up €68,833 (+339.8%), from €20,256 to €89,089
- Taxes +€22,219
new in 2025: €22,219
- Depreciation +€3,380
up €3,380 (+299.5%), from €1,129 to €4,509
- Financial income +€3,194
new in 2025: €3,194
- Financial charges +€3,069
up €3,069 (+999.7%), from €307 to €3,376
of which Non-recurring financial charges: +€2,784
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 | €93,167 | €170,369 | +€77,202 | +82.9% |
| Fixed assets | 21/28 | €7,223 | €25,764 | +€18,541 | +256.7% |
| Tangible fixed assets | 22/27 | €7,223 | €25,764 | +€18,541 | +256.7% |
| Plant, machinery and equipment | 23 | €2,623 | €4,290 | +€1,667 | +63.6% |
| Furniture and vehicles | 24 | €4,557 | €21,474 | +€16,917 | +371.2% |
| Other tangible fixed assets | 26 | €43 | - | -€43 | |
| Current assets | 29/58 | €85,944 | €144,605 | +€58,661 | +68.3% |
| Amounts receivable within one year | 40/41 | €61,444 | €77,680 | +€16,236 | +26.4% |
| Trade receivables | 40 | €14,954 | €11,179 | -€3,775 | -25.2% |
| Other amounts receivable | 41 | €46,490 | €66,501 | +€20,011 | +43.0% |
| Cash at bank and in hand | 54/58 | €24,263 | €64,135 | +€39,872 | +164.3% |
| Deferred charges and accrued income | 490/1 | €237 | €2,790 | +€2,553 | +1078.6% |
| Total equity and liabilities | 10/49 | €93,167 | €170,369 | +€77,202 | +82.9% |
| Equity | 10/15 | €84,302 | €142,671 | +€58,369 | +69.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €74,969 | €124,121 | +€49,153 | +65.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €73,113 | €122,266 | +€49,153 | +67.2% |
| Profit (loss) carried forward | 14 | -€9,217 | - | +€9,217 | |
| Amounts payable | 17/49 | €8,865 | €27,698 | +€18,833 | +212.4% |
| Amounts payable after more than one year | 17 | - | €9,595 | +€9,595 | |
| Financial debts | 170/4 | - | €9,595 | +€9,595 | |
| Amounts payable within one year | 42/48 | €8,865 | €18,103 | +€9,238 | +104.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,822 | +€8,822 | |
| Trade debts | 44 | €255 | - | -€255 | |
| Suppliers | 440/4 | €255 | - | -€255 | |
| Taxes, remuneration and social security | 45 | €8,610 | €9,281 | +€671 | +7.8% |
| Taxes | 450/3 | €8,610 | €9,281 | +€671 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,129 | €4,509 | +€3,380 | +299.5% |
| Other operating charges | 640/8 | €1,114 | €1,877 | +€763 | +68.5% |
| Non-recurring operating charges | 66A | €3,797 | €1,932 | -€1,865 | -49.1% |
| Gross operating margin | 9900 | €20,256 | €89,089 | +€68,833 | +339.8% |
| Operating profit (loss) | 9901 | €14,216 | €80,770 | +€66,554 | +468.2% |
| Financial income | 75/76B | - | €3,194 | +€3,194 | |
| Recurring financial income | 75 | - | €3,194 | +€3,194 | |
| Financial charges | 65/66B | €307 | €3,376 | +€3,069 | +999.7% |
| Recurring financial charges | 65 | €307 | €592 | +€285 | +92.8% |
| Non-recurring financial charges | 66B | - | €2,784 | +€2,784 | |
| Profit (loss) for the period before taxes | 9903 | €13,909 | €80,588 | +€66,679 | +479.4% |
| Income taxes | 67/77 | - | €22,219 | +€22,219 | |
| Profit (loss) for the period | 9904 | €13,909 | €58,369 | +€44,460 | +319.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,909 | €58,369 | +€44,460 | +319.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.