M. deco: 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.
M. deco
Largest movements
- Cash +€32,986
up €32,986 (+56.4%), from €58,462 to €91,448
mainly Net result for the year (+€30,065) and Receivables within one year (+€2,518)
- Receivables within one year -€2,518
down €2,518 (-61.2%), from €4,114 to €1,596
of which Trade receivables: -€3,933
- Reserves +€30,065
up €30,065 (+79.7%), from €37,739 to €67,804
of which Distributable reserves: +€30,065
- Other debts +€1,687
up €1,687 (+82.2%), from €2,053 to €3,740
- Gross operating margin +€9,162
up €9,162 (+25.3%), from €36,154 to €45,316
- Taxes +€2,910
up €2,910 (+25.4%), from €11,440 to €14,350
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,732 | €93,925 | +€31,193 | +49.7% |
| Fixed assets | 21/28 | €156 | €881 | +€724 | +463.5% |
| Tangible fixed assets | 22/27 | €156 | €881 | +€724 | +463.5% |
| Furniture and vehicles | 24 | €156 | €881 | +€724 | +463.5% |
| Current assets | 29/58 | €62,576 | €93,044 | +€30,468 | +48.7% |
| Amounts receivable within one year | 40/41 | €4,114 | €1,596 | -€2,518 | -61.2% |
| Trade receivables | 40 | €4,114 | €182 | -€3,933 | -95.6% |
| Other amounts receivable | 41 | - | €1,414 | +€1,414 | |
| Cash at bank and in hand | 54/58 | €58,462 | €91,448 | +€32,986 | +56.4% |
| Total equity and liabilities | 10/49 | €62,732 | €93,925 | +€31,193 | +49.7% |
| Equity | 10/15 | €56,289 | €86,354 | +€30,065 | +53.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €37,739 | €67,804 | +€30,065 | +79.7% |
| Tax-exempt reserves | 132 | €3,657 | €3,657 | = | 0.0% |
| Distributable reserves | 133 | €34,081 | €64,147 | +€30,065 | +88.2% |
| Amounts payable | 17/49 | €6,444 | €7,571 | +€1,127 | +17.5% |
| Amounts payable within one year | 42/48 | €6,444 | €7,571 | +€1,127 | +17.5% |
| Trade debts | 44 | €87 | €41 | -€46 | -53.4% |
| Suppliers | 440/4 | €87 | €41 | -€46 | -53.4% |
| Taxes, remuneration and social security | 45 | €4,303 | €3,790 | -€513 | -11.9% |
| Taxes | 450/3 | €4,303 | €3,790 | -€513 | -11.9% |
| Other amounts payable | 47/48 | €2,053 | €3,740 | +€1,687 | +82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €220 | -€414 | -65.3% |
| Other operating charges | 640/8 | €499 | €512 | +€12 | +2.5% |
| Gross operating margin | 9900 | €36,154 | €45,316 | +€9,162 | +25.3% |
| Operating profit (loss) | 9901 | €35,021 | €44,584 | +€9,564 | +27.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €160 | €169 | +€9 | +5.8% |
| Recurring financial charges | 65 | €160 | €169 | +€9 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €34,861 | €44,415 | +€9,554 | +27.4% |
| Income taxes | 67/77 | €11,440 | €14,350 | +€2,910 | +25.4% |
| Profit (loss) for the period | 9904 | €23,421 | €30,065 | +€6,644 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,421 | €30,065 | +€6,644 | +28.4% |
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.