DECO - SON: 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 - SON
Largest movements
- Financial fixed assets +€197,650
up €197,650 (+8410.6%), from €2,350 to €200,000
- Cash -€43,750
down €43,750 (-83.5%), from €52,370 to €8,620
mainly Investment in fixed assets (net) (-€201,673) and Trade debts (-€28,045)
- Receivables within one year -€39,852
down €39,852 (-27.7%), from €144,097 to €104,245
of which Trade receivables: -€51,716
- Tangible fixed assets -€13,235
down €13,235 (-23.3%), from €56,725 to €43,489
of which Land and buildings: -€11,559
- Stocks and contracts -€7,055
down €7,055 (-100.0%), from €7,055 to €0
- Debts after one year +€96,584
up €96,584 (+336.2%), from €28,729 to €125,313
- Current portion of long-term debt +€28,874
up €28,874 (+795.9%), from €3,628 to €32,502
- Trade debts -€28,045
down €28,045 (-91.5%), from €30,654 to €2,609
- Profit (loss) carried forward -€14,806
down €14,806, from €3,839 to -€10,967
- Tax, wage and social debts +€7,012
up €7,012 (+58.6%), from €11,963 to €18,975
of which Taxes: +€10,365
- Gross operating margin -€69,172
down €69,172 (-72.6%), from €95,293 to €26,121
- Staff costs -€56,644
down €56,644 (-97.6%), from €58,008 to €1,363
- Financial charges +€10,320
up €10,320 (+256.2%), from €4,027 to €14,347
- Taxes -€4,000
down €4,000 (-73.3%), from €5,458 to €1,458
- Write-downs +€3,117
up €3,117 (+275.2%), from €1,133 to €4,249
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 | €277,510 | €369,089 | +€91,578 | +33.0% |
| Fixed assets | 21/28 | €59,956 | €243,575 | +€183,619 | +306.3% |
| Intangible fixed assets | 21 | €881 | €85 | -€796 | -90.3% |
| Tangible fixed assets | 22/27 | €56,725 | €43,489 | -€13,235 | -23.3% |
| Land and buildings | 22 | €43,077 | €31,519 | -€11,559 | -26.8% |
| Plant, machinery and equipment | 23 | €777 | €291 | -€486 | -62.5% |
| Furniture and vehicles | 24 | €8,687 | €7,962 | -€725 | -8.3% |
| Other tangible fixed assets | 26 | €4,183 | €3,717 | -€466 | -11.1% |
| Financial fixed assets | 28 | €2,350 | €200,000 | +€197,650 | +8410.6% |
| Current assets | 29/58 | €217,554 | €125,514 | -€92,040 | -42.3% |
| Amounts receivable after more than one year | 29 | €9,000 | €9,000 | = | 0.0% |
| Other amounts receivable | 291 | €9,000 | €9,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €7,055 | €0 | -€7,055 | -100.0% |
| Stocks | 30/36 | €7,055 | €0 | -€7,055 | -100.0% |
| Amounts receivable within one year | 40/41 | €144,097 | €104,245 | -€39,852 | -27.7% |
| Trade receivables | 40 | €77,504 | €25,789 | -€51,716 | -66.7% |
| Other amounts receivable | 41 | €66,593 | €78,456 | +€11,864 | +17.8% |
| Cash at bank and in hand | 54/58 | €52,370 | €8,620 | -€43,750 | -83.5% |
| Deferred charges and accrued income | 490/1 | €5,032 | €3,649 | -€1,383 | -27.5% |
| Total equity and liabilities | 10/49 | €277,510 | €369,089 | +€91,578 | +33.0% |
| Equity | 10/15 | €200,505 | €185,699 | -€14,806 | -7.4% |
| Contributions | 10/11 | €22,320 | €22,320 | = | 0.0% |
| Reserves | 13 | €174,346 | €174,346 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,245 | €14,245 | = | 0.0% |
| Distributable reserves | 133 | €160,101 | €160,101 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,839 | -€10,967 | -€14,806 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €77,005 | €183,389 | +€106,384 | +138.2% |
| Amounts payable after more than one year | 17 | €28,729 | €125,313 | +€96,584 | +336.2% |
| Financial debts | 170/4 | €28,729 | €125,313 | +€96,584 | +336.2% |
| Amounts payable within one year | 42/48 | €46,245 | €54,086 | +€7,841 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €3,628 | €32,502 | +€28,874 | +795.9% |
| Trade debts | 44 | €30,654 | €2,609 | -€28,045 | -91.5% |
| Suppliers | 440/4 | €30,654 | €2,609 | -€28,045 | -91.5% |
| Taxes, remuneration and social security | 45 | €11,963 | €18,975 | +€7,012 | +58.6% |
| Taxes | 450/3 | €8,610 | €18,975 | +€10,365 | +120.4% |
| Remuneration and social security | 454/9 | €3,353 | €0 | -€3,353 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,032 | €3,991 | +€1,959 | +96.4% |
| Non-recurring operating income | 76A | €414 | €46,698 | +€46,284 | +11175.4% |
| Remuneration, social security and pensions | 62 | €58,008 | €1,363 | -€56,644 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,737 | €18,055 | +€318 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,133 | €4,249 | +€3,117 | +275.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,250 | €0 | +€1,250 | |
| Other operating charges | 640/8 | €4,176 | €3,563 | -€613 | -14.7% |
| Gross operating margin | 9900 | €95,293 | €26,121 | -€69,172 | -72.6% |
| Operating profit (loss) | 9901 | €15,489 | -€1,109 | -€16,599 | |
| Financial income | 75/76B | €1,192 | €2,108 | +€916 | +76.9% |
| Recurring financial income | 75 | €1,192 | €2,108 | +€916 | +76.9% |
| Financial charges | 65/66B | €4,027 | €14,347 | +€10,320 | +256.2% |
| Recurring financial charges | 65 | €4,027 | €14,347 | +€10,320 | +256.2% |
| Profit (loss) for the period before taxes | 9903 | €12,654 | -€13,348 | -€26,002 | |
| Income taxes | 67/77 | €5,458 | €1,458 | -€4,000 | -73.3% |
| Profit (loss) for the period | 9904 | €7,196 | -€14,806 | -€22,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,196 | -€14,806 | -€22,002 |
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.