DECOVA: 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
DECOVA
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.0m
2024 · -€4,754+€5.0m
Equity
€9.1m
2024 · €4.1m+€5.0m
Cash
€92,788
2024 · €1,527+€91,262
Balance sheet total
€14.2m
2024 · €7.0m+€7.2m
Largest movements
Assets
- Receivables after one year +€4.2m
new in 2025: €4.2m
- Receivables within one year +€1.2m
up €1.2m (+67.6%), from €1.8m to €3.0m
of which Other amounts receivable: +€1.2m
- Stocks and contracts +€939,774
up €939,774 (+48.3%), from €1.9m to €2.9m
- Financial fixed assets +€550,131
up €550,131 (+507%), from €108,557 to €658,688
- Tangible fixed assets +€185,782
up €185,782 (+5.9%), from €3.2m to €3.4m
Equity and liabilities
- Reserves +€5.3m
up €5.3m (+545%), from €972,379 to €6.3m
of which Tax-exempt reserves: +€5.2m
- Provisions +€1.7m
up €1.7m (+608%), from €286,405 to €2.0m
of which Deferred taxes: +€1.8m
- Short-term financial debts +€923,000
up €923,000 (+97.2%), from €950,000 to €1.9m
- Other debts -€486,537
down €486,537 (-60.6%), from €802,954 to €316,417
- Profit (loss) carried forward -€338,094
down €338,094 (-13.8%), from €2.5m to €2.1m
Income statement
- Gross operating margin +€6.8m
up €6.8m (+5,021%), from €135,695 to €6.9m
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
-€4,754
Gross operating margin
+€6.8m
Depreciation
-€22,625
Provisions
+€24,756
Other operating charges
-€62,325
Other operating items
+€6,568
Financial income
-€13,822
Financial charges
-€9,493
Taxes
-€6,045
Deferred taxes and other
-€1.8m
Result 2025
€5.0m
raises the resultlowers the resultnot broken down further in the accounts
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
+€70,075
Investment
-€822,661
Financing
+€843,847
Cash 2024
€1,527
From operations (derived)
+€70,075
Net result for the year
+€5.0m
Depreciation
+€86,748
Receivables after one year
-€4.2m
Stocks and contracts
-€939,774
Receivables within one year
-€1.2m
Smaller working-capital items
+€631
Provisions
+€1.7m
Trade debts
+€66,218
Other debts
-€486,537
Accrued charges and deferred income
+€58,500
Investment (derived)
-€822,661
Investment in fixed assets (net)
-€822,661
Financing
+€843,847
Debts after one year
-€82,124
Current portion of long-term debt
+€2,971
Short-term financial debts
+€923,000
Cash 2025
€92,788
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,046,625 | €14,218,974 | +€7.2m | +102% |
| Fixed assets | 21/28 | €3,278,293 | €4,014,205 | +€735,912 | +22.4% |
| Tangible fixed assets | 22/27 | €3,169,736 | €3,355,518 | +€185,782 | +5.9% |
| Land and buildings | 22 | €3,169,736 | €3,355,518 | +€185,782 | +5.9% |
| Financial fixed assets | 28 | €108,557 | €658,688 | +€550,131 | +507% |
| Current assets | 29/58 | €3,768,332 | €10,204,769 | +€6.4m | +171% |
| Amounts receivable after more than one year | 29 | - | €4,200,000 | +€4.2m | |
| Trade receivables | 290 | - | €4,200,000 | +€4.2m | |
| Stocks and contracts in progress | 3 | €1,947,026 | €2,886,800 | +€939,774 | +48.3% |
| Stocks | 30/36 | €1,947,026 | €2,886,800 | +€939,774 | +48.3% |
| Amounts receivable within one year | 40/41 | €1,799,338 | €3,015,605 | +€1.2m | +67.6% |
| Trade receivables | 40 | €1,813 | €21,376 | +€19,564 | +1,079% |
| Other amounts receivable | 41 | €1,797,525 | €2,994,229 | +€1.2m | +66.6% |
| Cash at bank and in hand | 54/58 | €1,527 | €92,788 | +€91,262 | +5,978% |
| Deferred charges and accrued income | 490/1 | €20,442 | €9,576 | -€10,867 | -53.2% |
| Total equity and liabilities | 10/49 | €7,046,625 | €14,218,974 | +€7.2m | +102% |
| Equity | 10/15 | €4,099,965 | €9,059,426 | +€5.0m | +121% |
| Contributions | 10/11 | €669,313 | €669,313 | = | 0.0% |
| Capital | 10 | €669,313 | €669,313 | = | 0.0% |
| Issued capital | 100 | €669,313 | €669,313 | = | 0.0% |
| Reserves | 13 | €972,379 | €6,269,933 | +€5.3m | +545% |
| Non-distributable reserves | 130/1 | €66,931 | €66,931 | = | 0.0% |
| Legal reserve | 130 | €66,931 | €66,931 | = | 0.0% |
| Tax-exempt reserves | 132 | €849,865 | €6,082,502 | +€5.2m | +616% |
| Distributable reserves | 133 | €55,582 | €120,501 | +€64,919 | +117% |
| Profit (loss) carried forward | 14 | €2,458,274 | €2,120,180 | -€338,094 | -13.8% |
| Provisions and deferred taxes | 16 | €286,405 | €2,027,501 | +€1.7m | +608% |
| Provisions for liabilities and charges | 160/5 | €24,756 | - | -€24,756 | |
| Major repairs and maintenance | 162 | €24,756 | - | -€24,756 | |
| Deferred taxes | 168 | €261,649 | €2,027,501 | +€1.8m | +675% |
| Amounts payable | 17/49 | €2,660,255 | €3,132,048 | +€471,793 | +17.7% |
| Amounts payable after more than one year | 17 | €732,113 | €649,989 | -€82,124 | -11.2% |
| Financial debts | 170/4 | €732,113 | €649,989 | -€82,124 | -11.2% |
| Amounts payable within one year | 42/48 | €1,905,427 | €2,400,844 | +€495,417 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €79,153 | €82,124 | +€2,971 | +3.8% |
| Financial debts | 43 | €950,000 | €1,873,000 | +€923,000 | +97.2% |
| Credit institutions | 430/8 | €950,000 | €1,873,000 | +€923,000 | +97.2% |
| Trade debts | 44 | €59,800 | €126,017 | +€66,218 | +111% |
| Suppliers | 440/4 | €59,800 | €126,017 | +€66,218 | +111% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €12,520 | €3,285 | -€9,236 | -73.8% |
| Taxes | 450/3 | €12,520 | €3,285 | -€9,236 | -73.8% |
| Other amounts payable | 47/48 | €802,954 | €316,417 | -€486,537 | -60.6% |
| Accrued charges and deferred income | 492/3 | €22,715 | €81,215 | +€58,500 | +258% |
| Non-recurring operating income | 76A | - | €7,090,514 | +€7.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,123 | €86,748 | +€22,625 | +35.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€24,756 | -€24,756 | |
| Other operating charges | 640/8 | €15,793 | €78,118 | +€62,325 | +395% |
| Non-recurring operating charges | 66A | €7,951 | €1,383 | -€6,568 | -82.6% |
| Gross operating margin | 9900 | €135,695 | €6,948,748 | +€6.8m | +5,021% |
| Operating profit (loss) | 9901 | €47,828 | €6,807,254 | +€6.8m | +14,133% |
| Financial income | 75/76B | €63,183 | €49,361 | -€13,822 | -21.9% |
| Recurring financial income | 75 | €63,183 | €49,361 | -€13,822 | -21.9% |
| Financial charges | 65/66B | €112,160 | €121,653 | +€9,493 | +8.5% |
| Recurring financial charges | 65 | €112,160 | €121,653 | +€9,493 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,149 | €6,734,962 | +€6.7m | |
| Transfer from deferred taxes | 780 | - | €4,797 | +€4,797 | |
| Transfer to deferred taxes | 680 | - | €1,770,649 | +€1.8m | |
| Income taxes | 67/77 | €3,605 | €9,649 | +€6,045 | +168% |
| Profit (loss) for the period | 9904 | -€4,754 | €4,959,461 | +€5.0m | |
| Transfer from tax-exempt reserves | 789 | €35,370 | €79,310 | +€43,939 | +124% |
| Transfer to tax-exempt reserves | 689 | - | €5,311,946 | +€5.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €30,617 | -€273,175 | -€303,792 |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.