DEKO: 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.
DEKO
Largest movements
- Tangible fixed assets -€221,070
down €221,070 (-11.0%), from €2.0m to €1.8m
of which Land and buildings: -€216,085
- Receivables within one year +€147,919
up €147,919 (+1,660%), from €8,908 to €156,828
of which Other amounts receivable: +€138,375
- Debts after one year -€949,356
down €949,356 (-76.4%), from €1.2m to €293,177
of which Financial debts: -€947,522
- Reserves +€413,626
up €413,626 (+63.7%), from €649,073 to €1.1m
of which Distributable reserves: +€419,518
- Profit (loss) carried forward +€165,596
no longer reported in 2025 (was -€165,596)
- Tax, wage and social debts +€146,253
up €146,253 (+1,621%), from €9,020 to €155,273
- Other debts +€131,078
up €131,078 (+57.0%), from €229,803 to €360,881
- Gross operating margin +€753,730
up €753,730 (+1,254%), from €60,092 to €813,822
- Taxes +€154,859
up €154,859 (+35,383%), from €438 to €155,297
- Depreciation -€119,915
down €119,915 (-65.9%), from €182,015 to €62,099
- Financial charges -€23,737
down €23,737 (-65.5%), from €36,221 to €12,484
- Other operating charges -€9,125
down €9,125 (-57.4%), from €15,888 to €6,763
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 | €2,054,718 | €1,963,249 | -€91,469 | -4.5% |
| Fixed assets | 21/28 | €2,012,283 | €1,795,498 | -€216,784 | -10.8% |
| Tangible fixed assets | 22/27 | €2,012,068 | €1,790,998 | -€221,070 | -11.0% |
| Land and buildings | 22 | €1,991,927 | €1,775,842 | -€216,085 | -10.8% |
| Plant, machinery and equipment | 23 | €1,054 | €339 | -€715 | -67.8% |
| Furniture and vehicles | 24 | €19,087 | €14,817 | -€4,270 | -22.4% |
| Financial fixed assets | 28 | €214 | €4,500 | +€4,286 | +1,999% |
| Current assets | 29/58 | €42,435 | €167,751 | +€125,315 | +295% |
| Amounts receivable within one year | 40/41 | €8,908 | €156,828 | +€147,919 | +1,660% |
| Trade receivables | 40 | €6,011 | €15,555 | +€9,544 | +159% |
| Other amounts receivable | 41 | €2,898 | €141,273 | +€138,375 | +4,776% |
| Current investments | 50/53 | €22,689 | €3,727 | -€18,962 | -83.6% |
| Cash at bank and in hand | 54/58 | €7,565 | €4,038 | -€3,526 | -46.6% |
| Deferred charges and accrued income | 490/1 | €3,274 | €3,158 | -€116 | -3.5% |
| Total equity and liabilities | 10/49 | €2,054,718 | €1,963,249 | -€91,469 | -4.5% |
| Equity | 10/15 | €520,661 | €1,099,883 | +€579,222 | +111% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €649,073 | €1,062,699 | +€413,626 | +63.7% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,325 | €59,433 | -€5,892 | -9.0% |
| Distributable reserves | 133 | €580,030 | €999,548 | +€419,518 | +72.3% |
| Profit (loss) carried forward | 14 | -€165,596 | - | +€165,596 | |
| Provisions and deferred taxes | 16 | €21,775 | €19,811 | -€1,964 | -9.0% |
| Deferred taxes | 168 | €21,775 | €19,811 | -€1,964 | -9.0% |
| Amounts payable | 17/49 | €1,512,282 | €843,555 | -€668,727 | -44.2% |
| Amounts payable after more than one year | 17 | €1,242,533 | €293,177 | -€949,356 | -76.4% |
| Financial debts | 170/4 | €1,240,699 | €293,177 | -€947,522 | -76.4% |
| Advances received on contracts in progress | 176 | €1,835 | - | -€1,835 | |
| Amounts payable within one year | 42/48 | €257,989 | €534,666 | +€276,677 | +107% |
| Current portion of amounts payable after more than one year | 42 | €13,451 | €13,522 | +€71 | +0.5% |
| Trade debts | 44 | €5,715 | €4,989 | -€726 | -12.7% |
| Suppliers | 440/4 | €5,715 | €4,989 | -€726 | -12.7% |
| Taxes, remuneration and social security | 45 | €9,020 | €155,273 | +€146,253 | +1,621% |
| Taxes | 450/3 | €9,020 | €155,273 | +€146,253 | +1,621% |
| Other amounts payable | 47/48 | €229,803 | €360,881 | +€131,078 | +57.0% |
| Accrued charges and deferred income | 492/3 | €11,760 | €15,712 | +€3,952 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,015 | €62,099 | -€119,915 | -65.9% |
| Other operating charges | 640/8 | €15,888 | €6,763 | -€9,125 | -57.4% |
| Gross operating margin | 9900 | €60,092 | €813,822 | +€753,730 | +1,254% |
| Operating profit (loss) | 9901 | -€137,810 | €744,960 | +€882,770 | |
| Financial income | 75/76B | €1,016 | €79 | -€938 | -92.3% |
| Recurring financial income | 75 | €1,016 | €79 | -€938 | -92.3% |
| Financial charges | 65/66B | €36,221 | €12,484 | -€23,737 | -65.5% |
| Recurring financial charges | 65 | €36,221 | €12,484 | -€23,737 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | -€173,015 | €732,555 | +€905,570 | |
| Transfer from deferred taxes | 780 | €1,964 | €1,964 | = | 0.0% |
| Income taxes | 67/77 | €438 | €155,297 | +€154,859 | +35,383% |
| Profit (loss) for the period | 9904 | -€171,488 | €579,222 | +€750,710 | |
| Transfer from tax-exempt reserves | 789 | €5,892 | €5,892 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€165,596 | €585,114 | +€750,710 |
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 14 October 2026 via checked.be.