DECOTIM: 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
DECOTIM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€91,999
2024 · €1.2m-€1.3m
Equity
€1.5m
2024 · €1.6m-€91,999
Cash
€17,551
2024 · €22,239-€4,689
Balance sheet total
€3.2m
2024 · €4.0m-€810,136
Largest movements
Assets
- Current investments -€790,000
down €790,000 (-100.0%), from €790,000 to €0
Equity and liabilities
- Debts after one year -€642,317
down €642,317 (-40.2%), from €1.6m to €956,348
of which Financial debts: -€642,317
- Accrued charges and deferred income -€103,870
down €103,870 (-65.2%), from €159,304 to €55,434
- Profit (loss) carried forward -€91,999
down €91,999 (-12.6%), from -€730,575 to -€822,574
Income statement
- Gross operating margin -€1.9m
down €1.9m, from €1.9m to -€17,043
- Financial charges -€111,706
down €111,706 (-68.7%), from €162,519 to €50,813
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
€1.2m
Gross operating margin
-€1.9m
Depreciation
+€0
Other operating charges
+€9,996
Financial income
-€4,073
Financial charges
+€111,706
Deferred taxes and other
+€475,284
Result 2025
-€91,999
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.
From operations
-€152,372
Investment
+€790,000
Financing
-€642,317
Cash 2024
€22,239
From operations (derived)
-€152,372
Net result for the year
-€91,999
Depreciation
+€20,954
Receivables within one year
-€4,734
Deferred charges and accrued income
-€772
Trade debts
+€22,000
Advances received
+€6,050
Accrued charges and deferred income
-€103,870
Investment (derived)
+€790,000
Current investments
+€790,000
Financing
-€642,317
Debts after one year
-€642,317
Cash 2025
€17,551
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,988,679 | €3,178,543 | -€810,136 | -20.3% |
| Fixed assets | 21/28 | €3,092,591 | €3,071,637 | -€20,954 | -0.7% |
| Tangible fixed assets | 22/27 | €610,710 | €589,757 | -€20,954 | -3.4% |
| Land and buildings | 22 | - | €589,757 | +€589,757 | |
| Other tangible fixed assets | 26 | €610,710 | €0 | -€610,710 | -100.0% |
| Financial fixed assets | 28 | €2,481,881 | €2,481,881 | = | 0.0% |
| Current assets | 29/58 | €896,088 | €106,906 | -€789,182 | -88.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €83,849 | €88,583 | +€4,734 | +5.6% |
| Trade receivables | 40 | €0 | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €83,849 | €83,583 | -€266 | -0.3% |
| Current investments | 50/53 | €790,000 | €0 | -€790,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,239 | €17,551 | -€4,689 | -21.1% |
| Deferred charges and accrued income | 490/1 | €0 | €772 | +€772 | |
| Total equity and liabilities | 10/49 | €3,988,679 | €3,178,543 | -€810,136 | -20.3% |
| Equity | 10/15 | €1,597,776 | €1,505,777 | -€91,999 | -5.8% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €1,428,351 | €1,428,351 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,425,851 | €1,425,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€730,575 | -€822,574 | -€91,999 | -12.6% |
| Provisions and deferred taxes | 16 | €475,284 | €475,284 | = | 0.0% |
| Deferred taxes | 168 | €475,284 | €475,284 | = | 0.0% |
| Amounts payable | 17/49 | €1,915,619 | €1,197,482 | -€718,137 | -37.5% |
| Amounts payable after more than one year | 17 | €1,598,665 | €956,348 | -€642,317 | -40.2% |
| Financial debts | 170/4 | €1,598,665 | €956,348 | -€642,317 | -40.2% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €157,651 | €185,701 | +€28,050 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €78,825 | €100,825 | +€22,000 | +27.9% |
| Suppliers | 440/4 | €78,825 | €100,825 | +€22,000 | +27.9% |
| Advances received on contracts in progress | 46 | - | €6,050 | +€6,050 | |
| Other amounts payable | 47/48 | €78,825 | €78,825 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €159,304 | €55,434 | -€103,870 | -65.2% |
| Non-recurring operating income | 76A | €1,901,135 | €0 | -€1.9m | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,954 | €20,954 | -€0 | 0.0% |
| Other operating charges | 640/8 | €19,436 | €9,440 | -€9,996 | -51.4% |
| Gross operating margin | 9900 | €1,890,628 | -€17,043 | -€1.9m | |
| Operating profit (loss) | 9901 | €1,850,237 | -€47,437 | -€1.9m | |
| Financial income | 75/76B | €10,324 | €6,251 | -€4,073 | -39.5% |
| Recurring financial income | 75 | €10,324 | €6,251 | -€4,073 | -39.5% |
| Financial charges | 65/66B | €162,519 | €50,813 | -€111,706 | -68.7% |
| Recurring financial charges | 65 | €162,519 | €50,813 | -€111,706 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | €1,698,042 | -€91,999 | -€1.8m | |
| Transfer to deferred taxes | 680 | €475,284 | €0 | -€475,284 | -100.0% |
| Profit (loss) for the period | 9904 | €1,222,758 | -€91,999 | -€1.3m | |
| Transfer to tax-exempt reserves | 689 | €1,425,851 | €0 | -€1.4m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€203,093 | -€91,999 | +€111,094 | +54.7% |
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 11 October 2026 via checked.be.