DeCo-Vision: what changed
DeCo-Vision
Largest movements
- Tangible fixed assets +€686,357
up €686,357 (+131%), from €523,250 to €1.2m
of which Land and buildings: +€668,387
- Stocks and contracts -€62,589
down €62,589 (-24.6%), from €254,911 to €192,322
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€27,860
up €27,860 (+1,092%), from €2,552 to €30,412
mainly Other debts (+€380,419) and Debts after one year (+€208,521)
- Receivables within one year +€23,365
up €23,365 (+5.8%), from €402,380 to €425,744
of which Other amounts receivable: +€26,262
- Other debts +€380,419
up €380,419 (+1,236%), from €30,778 to €411,197
- Debts after one year +€208,521
up €208,521 (+42.7%), from €488,417 to €696,938
- Short-term financial debts +€45,935
up €45,935 (+18.1%), from €253,567 to €299,502
- Reserves +€29,267
up €29,267 (+24.6%), from €119,036 to €148,303
of which Distributable reserves: +€29,267
- Trade debts -€18,863
down €18,863 (-24.9%), from €75,619 to €56,757
- Gross operating margin -€64,458
down €64,458 (-19.4%), from €331,411 to €266,954
- Staff costs -€25,798
down €25,798 (-29.2%), from €88,374 to €62,576
- Depreciation +€22,670
up €22,670 (+80.0%), from €28,337 to €51,007
- Other operating charges -€13,012
down €13,012 (-37.7%), from €34,544 to €21,533
- Taxes -€9,933
down €9,933 (-12.5%), from €79,196 to €69,263
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,242,344 | €1,867,635 | +€625,290 | +50.3% |
| Fixed assets | 21/28 | €531,050 | €1,217,407 | +€686,357 | +129% |
| Tangible fixed assets | 22/27 | €523,250 | €1,209,607 | +€686,357 | +131% |
| Land and buildings | 22 | €503,300 | €1,171,687 | +€668,387 | +133% |
| Plant, machinery and equipment | 23 | €4,187 | €1,783 | -€2,404 | -57.4% |
| Furniture and vehicles | 24 | €14,857 | €9,865 | -€4,992 | -33.6% |
| Leasing and similar rights | 25 | - | €23,837 | +€23,837 | |
| Other tangible fixed assets | 26 | €906 | €2,435 | +€1,530 | +169% |
| Financial fixed assets | 28 | €7,800 | €7,800 | = | 0.0% |
| Current assets | 29/58 | €711,294 | €650,227 | -€61,067 | -8.6% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Stocks and contracts in progress | 3 | €254,911 | €192,322 | -€62,589 | -24.6% |
| Stocks | 30/36 | €254,911 | €192,322 | -€62,589 | -24.6% |
| Amounts receivable within one year | 40/41 | €402,380 | €425,744 | +€23,365 | +5.8% |
| Trade receivables | 40 | €148,635 | €145,737 | -€2,897 | -1.9% |
| Other amounts receivable | 41 | €253,745 | €280,007 | +€26,262 | +10.3% |
| Cash at bank and in hand | 54/58 | €2,552 | €30,412 | +€27,860 | +1,092% |
| Deferred charges and accrued income | 490/1 | €1,452 | €1,749 | +€297 | +20.5% |
| Total equity and liabilities | 10/49 | €1,242,344 | €1,867,635 | +€625,290 | +50.3% |
| Equity | 10/15 | €230,850 | €260,117 | +€29,267 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,036 | €148,303 | +€29,267 | +24.6% |
| Tax-exempt reserves | 132 | €199 | €199 | = | 0.0% |
| Distributable reserves | 133 | €118,836 | €148,103 | +€29,267 | +24.6% |
| Profit (loss) carried forward | 14 | €93,215 | €93,215 | = | 0.0% |
| Amounts payable | 17/49 | €1,011,494 | €1,607,517 | +€596,023 | +58.9% |
| Amounts payable after more than one year | 17 | €488,417 | €696,938 | +€208,521 | +42.7% |
| Financial debts | 170/4 | €488,417 | €696,938 | +€208,521 | +42.7% |
| Amounts payable within one year | 42/48 | €522,373 | €906,760 | +€384,387 | +73.6% |
| Current portion of amounts payable after more than one year | 42 | €86,039 | €75,501 | -€10,537 | -12.2% |
| Financial debts | 43 | €253,567 | €299,502 | +€45,935 | +18.1% |
| Credit institutions | 430/8 | €253,567 | €299,502 | +€45,935 | +18.1% |
| Trade debts | 44 | €75,619 | €56,757 | -€18,863 | -24.9% |
| Suppliers | 440/4 | €75,619 | €56,757 | -€18,863 | -24.9% |
| Taxes, remuneration and social security | 45 | €76,370 | €63,803 | -€12,566 | -16.5% |
| Taxes | 450/3 | €66,196 | €55,391 | -€10,805 | -16.3% |
| Remuneration and social security | 454/9 | €10,173 | €8,412 | -€1,761 | -17.3% |
| Other amounts payable | 47/48 | €30,778 | €411,197 | +€380,419 | +1,236% |
| Accrued charges and deferred income | 492/3 | €703 | €3,819 | +€3,116 | +443% |
| Non-recurring operating income | 76A | €44,592 | €4,646 | -€39,947 | -89.6% |
| Remuneration, social security and pensions | 62 | €88,374 | €62,576 | -€25,798 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,337 | €51,007 | +€22,670 | +80.0% |
| Other operating charges | 640/8 | €34,544 | €21,533 | -€13,012 | -37.7% |
| Gross operating margin | 9900 | €331,411 | €266,954 | -€64,458 | -19.4% |
| Operating profit (loss) | 9901 | €180,156 | €131,838 | -€48,318 | -26.8% |
| Financial income | 75/76B | €2,128 | €4,947 | +€2,819 | +132% |
| Recurring financial income | 75 | €2,128 | €4,947 | +€2,819 | +132% |
| Financial charges | 65/66B | €40,048 | €38,255 | -€1,793 | -4.5% |
| Recurring financial charges | 65 | €40,048 | €38,255 | -€1,793 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €142,235 | €98,530 | -€43,706 | -30.7% |
| Income taxes | 67/77 | €79,196 | €69,263 | -€9,933 | -12.5% |
| Profit (loss) for the period | 9904 | €63,039 | €29,267 | -€33,772 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,039 | €29,267 | -€33,772 | -53.6% |
Next steps
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 1 November 2026 via checked.be.