DECOENE: 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.
What changed
DECOENE
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,585
2024 · €34,209-€36,794
Equity
€101,499
2024 · €104,085-€2,585
Cash
€8,309
2024 · €2,000+€6,310
Balance sheet total
€831,704
2024 · €949,673-€117,969
Largest movements
Assets
- Receivables within one year -€94,274
down €94,274 (-30.1%), from €313,488 to €219,214
of which Trade receivables: -€94,589
- Receivables after one year -€15,274
down €15,274 (-59.6%), from €25,632 to €10,358
- Tangible fixed assets -€13,720
down €13,720 (-4.2%), from €324,794 to €311,074
of which Assets under construction and advance payments: -€112,598
Equity and liabilities
- Trade debts -€87,013
down €87,013 (-50.9%), from €170,898 to €83,885
- Debts after one year -€31,724
down €31,724 (-14.3%), from €221,724 to €190,000
Income statement
- Gross operating margin -€39,867
down €39,867 (-9.5%), from €419,739 to €379,872
- Depreciation +€13,313
up €13,313 (+21.2%), from €62,858 to €76,171
- Staff costs -€12,077
down €12,077 (-4.5%), from €267,008 to €254,931
- Financial charges -€6,972
down €6,972 (-15.4%), from €45,134 to €38,161
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.
Result 2024
€34,209
Gross operating margin
-€39,867
Staff costs
+€12,077
Depreciation
-€13,313
Other operating charges
-€3,227
Financial income
+€350
Financial charges
+€6,972
Taxes
+€215
Result 2025
-€2,585
raises the resultlowers the result
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.
From operations
+€95,769
Investment
-€58,557
Financing
-€30,902
Cash 2024
€2,000
From operations (derived)
+€95,769
Net result for the year
-€2,585
Depreciation
+€76,171
Receivables after one year
+€15,274
Stocks and contracts
+€2,208
Receivables within one year
+€94,274
Deferred charges and accrued income
-€5,092
Trade debts
-€87,013
Tax, wage and social debts
+€1,247
Other debts
+€1,284
Investment (derived)
-€58,557
Investment in fixed assets (net)
-€58,557
Financing
-€30,902
Debts after one year
-€31,724
Current portion of long-term debt
-€7,701
Short-term financial debts
+€8,522
Cash 2025
€8,309
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €949,673 | €831,704 | -€117,969 | -12.4% |
| Fixed assets | 21/28 | €342,547 | €324,933 | -€17,614 | -5.1% |
| Intangible fixed assets | 21 | €6,417 | €2,523 | -€3,895 | -60.7% |
| Tangible fixed assets | 22/27 | €324,794 | €311,074 | -€13,720 | -4.2% |
| Land and buildings | 22 | €10,068 | €5,438 | -€4,630 | -46.0% |
| Plant, machinery and equipment | 23 | €107,854 | €194,993 | +€87,138 | +80.8% |
| Furniture and vehicles | 24 | €92,874 | €109,994 | +€17,120 | +18.4% |
| Leasing and similar rights | 25 | €1,399 | €649 | -€750 | -53.6% |
| Assets under construction and advance payments | 27 | €112,598 | €0 | -€112,598 | -100% |
| Financial fixed assets | 28 | €11,336 | €11,336 | = | 0.0% |
| Current assets | 29/58 | €607,126 | €506,771 | -€100,355 | -16.5% |
| Amounts receivable after more than one year | 29 | €25,632 | €10,358 | -€15,274 | -59.6% |
| Other amounts receivable | 291 | €25,632 | €10,358 | -€15,274 | -59.6% |
| Stocks and contracts in progress | 3 | €259,521 | €257,312 | -€2,208 | -0.9% |
| Stocks | 30/36 | €259,521 | €257,312 | -€2,208 | -0.9% |
| Amounts receivable within one year | 40/41 | €313,488 | €219,214 | -€94,274 | -30.1% |
| Trade receivables | 40 | €308,529 | €213,940 | -€94,589 | -30.7% |
| Other amounts receivable | 41 | €4,959 | €5,274 | +€315 | +6.3% |
| Cash at bank and in hand | 54/58 | €2,000 | €8,309 | +€6,310 | +316% |
| Deferred charges and accrued income | 490/1 | €6,485 | €11,577 | +€5,092 | +78.5% |
| Total equity and liabilities | 10/49 | €949,673 | €831,704 | -€117,969 | -12.4% |
| Equity | 10/15 | €104,085 | €101,499 | -€2,585 | -2.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €34,085 | €31,499 | -€2,585 | -7.6% |
| Tax-exempt reserves | 132 | €23,888 | €23,888 | = | 0.0% |
| Distributable reserves | 133 | €10,197 | €7,612 | -€2,585 | -25.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €845,588 | €730,205 | -€115,384 | -13.6% |
| Amounts payable after more than one year | 17 | €221,724 | €190,000 | -€31,724 | -14.3% |
| Financial debts | 170/4 | €221,724 | €190,000 | -€31,724 | -14.3% |
| Amounts payable within one year | 42/48 | €621,840 | €538,180 | -€83,659 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €87,795 | €80,094 | -€7,701 | -8.8% |
| Financial debts | 43 | €292,446 | €300,969 | +€8,522 | +2.9% |
| Credit institutions | 430/8 | €292,446 | €300,969 | +€8,522 | +2.9% |
| Trade debts | 44 | €170,898 | €83,885 | -€87,013 | -50.9% |
| Suppliers | 440/4 | €170,898 | €83,885 | -€87,013 | -50.9% |
| Taxes, remuneration and social security | 45 | €68,320 | €69,567 | +€1,247 | +1.8% |
| Taxes | 450/3 | €32,863 | €31,346 | -€1,517 | -4.6% |
| Remuneration and social security | 454/9 | €35,457 | €38,221 | +€2,765 | +7.8% |
| Other amounts payable | 47/48 | €2,380 | €3,665 | +€1,284 | +53.9% |
| Accrued charges and deferred income | 492/3 | €2,025 | €2,025 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €267,008 | €254,931 | -€12,077 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,858 | €76,171 | +€13,313 | +21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,787 | €13,013 | +€3,227 | +33.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €419,739 | €379,872 | -€39,867 | -9.5% |
| Operating profit (loss) | 9901 | €80,086 | €35,756 | -€44,330 | -55.4% |
| Financial income | 75/76B | €608 | €958 | +€350 | +57.5% |
| Recurring financial income | 75 | €608 | €958 | +€350 | +57.5% |
| Financial charges | 65/66B | €45,134 | €38,161 | -€6,972 | -15.4% |
| Recurring financial charges | 65 | €45,134 | €38,161 | -€6,972 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €35,561 | -€1,448 | -€37,009 | |
| Income taxes | 67/77 | €1,352 | €1,137 | -€215 | -15.9% |
| Profit (loss) for the period | 9904 | €34,209 | -€2,585 | -€36,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,209 | -€2,585 | -€36,794 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.