DECRO INVEST: 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.
DECRO INVEST
Largest movements
- Tangible fixed assets +€515,583
up €515,583 (+74.3%), from €694,087 to €1.2m
of which Land and buildings: +€478,759
- Current investments -€405,000
down €405,000 (-100%), from €405,000 to €0
- Receivables after one year +€150,000
up €150,000 (+54.5%), from €275,000 to €425,000
- Cash +€106,539
up €106,539 (+297%), from €35,875 to €142,414
mainly Current investments (+€405,000) and Debts after one year (+€255,000)
- Receivables within one year +€51,134
up €51,134 (+284%), from €18,016 to €69,150
of which Other amounts receivable: +€33,000
- Debts after one year +€255,000
up €255,000 (+68.0%), from €375,000 to €630,000
- Reserves +€73,040
up €73,040 (+7.8%), from €940,566 to €1.0m
of which Distributable reserves: +€73,040
- Trade debts +€45,631
new in 2025: €45,631
- Short-term financial debts +€23,421
up €23,421 (+231%), from €10,146 to €33,566
- Accrued charges and deferred income +€22,244
up €22,244 (+182%), from €12,209 to €34,453
- Other operating charges +€47,577
up €47,577 (+1,073%), from €4,433 to €52,010
- Depreciation +€31,400
up €31,400 (+107%), from €29,348 to €60,748
- Taxes -€29,326
down €29,326 (-51.2%), from €57,333 to €28,007
- Financial charges +€23,828
up €23,828 (+212%), from €11,218 to €35,046
- Financial income +€23,615
up €23,615 (+190%), from €12,427 to €36,042
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 | €1,433,582 | €1,862,519 | +€428,936 | +29.9% |
| Fixed assets | 21/28 | €694,087 | €1,209,670 | +€515,583 | +74.3% |
| Tangible fixed assets | 22/27 | €694,087 | €1,209,670 | +€515,583 | +74.3% |
| Land and buildings | 22 | €509,137 | €987,895 | +€478,759 | +94.0% |
| Plant, machinery and equipment | 23 | €205 | €0 | -€205 | -100% |
| Leasing and similar rights | 25 | €184,745 | €221,775 | +€37,030 | +20.0% |
| Current assets | 29/58 | €739,495 | €652,848 | -€86,646 | -11.7% |
| Amounts receivable after more than one year | 29 | €275,000 | €425,000 | +€150,000 | +54.5% |
| Other amounts receivable | 291 | €275,000 | €425,000 | +€150,000 | +54.5% |
| Amounts receivable within one year | 40/41 | €18,016 | €69,150 | +€51,134 | +284% |
| Trade receivables | 40 | €16 | €18,150 | +€18,134 | +114,773% |
| Other amounts receivable | 41 | €18,000 | €51,000 | +€33,000 | +183% |
| Current investments | 50/53 | €405,000 | €0 | -€405,000 | -100% |
| Cash at bank and in hand | 54/58 | €35,875 | €142,414 | +€106,539 | +297% |
| Deferred charges and accrued income | 490/1 | €5,604 | €16,285 | +€10,680 | +191% |
| Total equity and liabilities | 10/49 | €1,433,582 | €1,862,519 | +€428,936 | +29.9% |
| Equity | 10/15 | €959,166 | €1,032,206 | +€73,040 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €940,566 | €1,013,606 | +€73,040 | +7.8% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €939,326 | €1,012,366 | +€73,040 | +7.8% |
| Amounts payable | 17/49 | €474,416 | €830,312 | +€355,896 | +75.0% |
| Amounts payable after more than one year | 17 | €375,000 | €630,000 | +€255,000 | +68.0% |
| Financial debts | 170/4 | €375,000 | €630,000 | +€255,000 | +68.0% |
| Amounts payable within one year | 42/48 | €87,207 | €165,860 | +€78,652 | +90.2% |
| Financial debts | 43 | €10,146 | €33,566 | +€23,421 | +231% |
| Credit institutions | 430/8 | €10,146 | €33,566 | +€23,421 | +231% |
| Trade debts | 44 | - | €45,631 | +€45,631 | |
| Suppliers | 440/4 | - | €45,631 | +€45,631 | |
| Taxes, remuneration and social security | 45 | €24,177 | €29,797 | +€5,620 | +23.2% |
| Taxes | 450/3 | €24,177 | €29,797 | +€5,620 | +23.2% |
| Other amounts payable | 47/48 | €52,885 | €56,866 | +€3,981 | +7.5% |
| Accrued charges and deferred income | 492/3 | €12,209 | €34,453 | +€22,244 | +182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,348 | €60,748 | +€31,400 | +107% |
| Other operating charges | 640/8 | €4,433 | €52,010 | +€47,577 | +1,073% |
| Gross operating margin | 9900 | €225,566 | €212,809 | -€12,757 | -5.7% |
| Operating profit (loss) | 9901 | €191,784 | €100,050 | -€91,734 | -47.8% |
| Financial income | 75/76B | €12,427 | €36,042 | +€23,615 | +190% |
| Recurring financial income | 75 | €12,427 | €36,042 | +€23,615 | +190% |
| Financial charges | 65/66B | €11,218 | €35,046 | +€23,828 | +212% |
| Recurring financial charges | 65 | €11,218 | €35,046 | +€23,828 | +212% |
| Profit (loss) for the period before taxes | 9903 | €192,994 | €101,047 | -€91,947 | -47.6% |
| Income taxes | 67/77 | €57,333 | €28,007 | -€29,326 | -51.2% |
| Profit (loss) for the period | 9904 | €135,661 | €73,040 | -€62,621 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €135,661 | €73,040 | -€62,621 | -46.2% |
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 21 October 2026 via checked.be.