DECORECY: 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.
DECORECY
Largest movements
- Cash +€867,971
up €867,971 (+2,884%), from €30,095 to €898,066
mainly Investment in fixed assets (net) (+€737,000) and Net result for the year (+€703,355)
- Financial fixed assets -€737,000
no longer reported in 2025 (was €737,000)
- Receivables within one year -€106,718
down €106,718 (-7.7%), from €1.4m to €1.3m
of which Other amounts receivable: -€85,232
- Tangible fixed assets -€93,668
down €93,668 (-4.4%), from €2.2m to €2.1m
of which Land and buildings: -€83,912
- Reserves +€703,355
up €703,355 (+57.5%), from €1.2m to €1.9m
of which Distributable reserves: +€709,655
- Other debts -€588,988
down €588,988 (-40.5%), from €1.5m to €864,832
- Debts after one year -€157,258
down €157,258 (-13.3%), from €1.2m to €1.0m
- Financial income +€669,602
up €669,602 (+3,519%), from €19,026 to €688,628
of which Non-recurring financial income: +€683,544
- Gross operating margin +€75,309
up €75,309 (+49.7%), from €151,517 to €226,826
- Taxes -€38,027
down €38,027 (-94.8%), from €40,102 to €2,075
- Other operating charges +€29,919
up €29,919 (+151%), from €19,857 to €49,776
- Financial charges -€16,807
down €16,807 (-19.7%), from €85,488 to €68,681
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,307,736 | €4,236,843 | -€70,894 | -1.6% |
| Fixed assets | 21/28 | €2,888,657 | €2,057,989 | -€830,668 | -28.8% |
| Tangible fixed assets | 22/27 | €2,151,657 | €2,057,989 | -€93,668 | -4.4% |
| Land and buildings | 22 | €2,092,197 | €2,008,285 | -€83,912 | -4.0% |
| Plant, machinery and equipment | 23 | €45,202 | €35,446 | -€9,756 | -21.6% |
| Assets under construction and advance payments | 27 | €14,258 | €14,258 | = | 0.0% |
| Financial fixed assets | 28 | €737,000 | - | -€737,000 | |
| Current assets | 29/58 | €1,419,080 | €2,178,854 | +€759,774 | +53.5% |
| Amounts receivable within one year | 40/41 | €1,385,506 | €1,278,788 | -€106,718 | -7.7% |
| Trade receivables | 40 | €866,480 | €844,994 | -€21,485 | -2.5% |
| Other amounts receivable | 41 | €519,026 | €433,794 | -€85,232 | -16.4% |
| Cash at bank and in hand | 54/58 | €30,095 | €898,066 | +€867,971 | +2,884% |
| Deferred charges and accrued income | 490/1 | €3,479 | €2,000 | -€1,479 | -42.5% |
| Total equity and liabilities | 10/49 | €4,307,736 | €4,236,843 | -€70,894 | -1.6% |
| Equity | 10/15 | €1,322,328 | €2,025,682 | +€703,355 | +53.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,222,328 | €1,925,682 | +€703,355 | +57.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €287,548 | €281,248 | -€6,300 | -2.2% |
| Distributable reserves | 133 | €924,780 | €1,634,435 | +€709,655 | +76.7% |
| Provisions and deferred taxes | 16 | €39,716 | €37,616 | -€2,100 | -5.3% |
| Deferred taxes | 168 | €39,716 | €37,616 | -€2,100 | -5.3% |
| Amounts payable | 17/49 | €2,945,693 | €2,173,545 | -€772,148 | -26.2% |
| Amounts payable after more than one year | 17 | €1,178,512 | €1,021,254 | -€157,258 | -13.3% |
| Financial debts | 170/4 | €1,178,512 | €1,021,254 | -€157,258 | -13.3% |
| Amounts payable within one year | 42/48 | €1,764,287 | €1,149,195 | -€615,092 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €154,517 | €157,258 | +€2,741 | +1.8% |
| Financial debts | 43 | €13,373 | - | -€13,373 | |
| Credit institutions | 430/8 | €13,373 | - | -€13,373 | |
| Trade debts | 44 | €127,150 | €127,105 | -€45 | 0.0% |
| Suppliers | 440/4 | €127,150 | €127,105 | -€45 | 0.0% |
| Taxes, remuneration and social security | 45 | €15,427 | - | -€15,427 | |
| Taxes | 450/3 | €15,427 | - | -€15,427 | |
| Other amounts payable | 47/48 | €1,453,820 | €864,832 | -€588,988 | -40.5% |
| Accrued charges and deferred income | 492/3 | €2,894 | €3,096 | +€202 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,481 | €93,668 | +€186 | +0.2% |
| Other operating charges | 640/8 | €19,857 | €49,776 | +€29,919 | +151% |
| Gross operating margin | 9900 | €151,517 | €226,826 | +€75,309 | +49.7% |
| Operating profit (loss) | 9901 | €38,179 | €83,383 | +€45,204 | +118% |
| Financial income | 75/76B | €19,026 | €688,628 | +€669,602 | +3,519% |
| Recurring financial income | 75 | €19,026 | €5,083 | -€13,943 | -73.3% |
| Non-recurring financial income | 76B | - | €683,544 | +€683,544 | |
| Financial charges | 65/66B | €85,488 | €68,681 | -€16,807 | -19.7% |
| Recurring financial charges | 65 | €85,488 | €68,681 | -€16,807 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,283 | €703,330 | +€731,612 | |
| Transfer from deferred taxes | 780 | €2,100 | €2,100 | = | 0.0% |
| Income taxes | 67/77 | €40,102 | €2,075 | -€38,027 | -94.8% |
| Profit (loss) for the period | 9904 | -€66,285 | €703,355 | +€769,639 | |
| Transfer from tax-exempt reserves | 789 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,985 | €709,655 | +€769,639 |
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 25 October 2026 via checked.be.