R.W. 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.
R.W. DECO
Largest movements
- Cash +€474,043
up €474,043 (+6,299%), from €7,526 to €481,569
mainly Net result for the year (+€414,957) and Tax, wage and social debts (+€173,640)
- Receivables within one year +€81,771
up €81,771 (+22.8%), from €358,450 to €440,221
of which Other amounts receivable: +€91,294
- Tangible fixed assets +€61,725
up €61,725 (+79.2%), from €77,959 to €139,683
of which Furniture and vehicles: +€98,131
- Reserves +€414,957
up €414,957 (+136%), from €304,848 to €719,805
of which Distributable reserves: +€414,957
- Tax, wage and social debts +€173,640
up €173,640 (+349%), from €49,810 to €223,451
- Debts after one year +€21,883
up €21,883 (+302%), from €7,256 to €29,138
- Current portion of long-term debt +€19,828
up €19,828 (+278%), from €7,126 to €26,954
- Trade debts -€11,179
down €11,179 (-68.4%), from €16,334 to €5,155
- Gross operating margin +€568,792
up €568,792 (+635%), from €89,572 to €658,364
- Taxes +€190,293
up €190,293 (+1,174%), from €16,212 to €206,505
- Other operating charges -€17,324
down €17,324 (-76.3%), from €22,708 to €5,384
- Depreciation +€16,935
up €16,935 (+157%), from €10,772 to €27,707
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 | €443,935 | €1,066,948 | +€623,013 | +140% |
| Fixed assets | 21/28 | €77,959 | €142,833 | +€64,875 | +83.2% |
| Tangible fixed assets | 22/27 | €77,959 | €139,683 | +€61,725 | +79.2% |
| Land and buildings | 22 | €57,671 | €0 | -€57,671 | -100% |
| Plant, machinery and equipment | 23 | €3,674 | €24,939 | +€21,265 | +579% |
| Furniture and vehicles | 24 | €16,613 | €114,744 | +€98,131 | +591% |
| Financial fixed assets | 28 | - | €3,150 | +€3,150 | |
| Current assets | 29/58 | €365,976 | €924,114 | +€558,138 | +153% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €358,450 | €440,221 | +€81,771 | +22.8% |
| Trade receivables | 40 | €9,790 | €267 | -€9,524 | -97.3% |
| Other amounts receivable | 41 | €348,660 | €439,955 | +€91,294 | +26.2% |
| Cash at bank and in hand | 54/58 | €7,526 | €481,569 | +€474,043 | +6,299% |
| Deferred charges and accrued income | 490/1 | - | €2,324 | +€2,324 | |
| Total equity and liabilities | 10/49 | €443,935 | €1,066,948 | +€623,013 | +140% |
| Equity | 10/15 | €363,219 | €778,176 | +€414,957 | +114% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €304,848 | €719,805 | +€414,957 | +136% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €302,989 | €717,946 | +€414,957 | +137% |
| Profit (loss) carried forward | 14 | €39,779 | €39,779 | = | 0.0% |
| Amounts payable | 17/49 | €80,715 | €288,771 | +€208,056 | +258% |
| Amounts payable after more than one year | 17 | €7,256 | €29,138 | +€21,883 | +302% |
| Financial debts | 170/4 | €7,256 | €29,138 | +€21,883 | +302% |
| Amounts payable within one year | 42/48 | €73,460 | €259,633 | +€186,173 | +253% |
| Current portion of amounts payable after more than one year | 42 | €7,126 | €26,954 | +€19,828 | +278% |
| Financial debts | 43 | €190 | €4,074 | +€3,884 | +2,047% |
| Credit institutions | 430/8 | €190 | €4,074 | +€3,884 | +2,047% |
| Trade debts | 44 | €16,334 | €5,155 | -€11,179 | -68.4% |
| Suppliers | 440/4 | €16,334 | €5,155 | -€11,179 | -68.4% |
| Taxes, remuneration and social security | 45 | €49,810 | €223,451 | +€173,640 | +349% |
| Taxes | 450/3 | €49,810 | €223,451 | +€173,640 | +349% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €745,031 | +€745,031 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,772 | €27,707 | +€16,935 | +157% |
| Other operating charges | 640/8 | €22,708 | €5,384 | -€17,324 | -76.3% |
| Gross operating margin | 9900 | €89,572 | €658,364 | +€568,792 | +635% |
| Operating profit (loss) | 9901 | €56,092 | €625,273 | +€569,181 | +1,015% |
| Financial income | 75/76B | €12 | €0 | -€12 | -99.4% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -99.4% |
| Financial charges | 65/66B | €8,310 | €3,811 | -€4,498 | -54.1% |
| Recurring financial charges | 65 | €8,310 | €3,811 | -€4,498 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €47,795 | €621,462 | +€573,667 | +1,200% |
| Income taxes | 67/77 | €16,212 | €206,505 | +€190,293 | +1,174% |
| Profit (loss) for the period | 9904 | €31,583 | €414,957 | +€383,374 | +1,214% |
| Profit (loss) for the period to be appropriated | 9905 | €31,583 | €414,957 | +€383,374 | +1,214% |
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 25 October 2026 via checked.be.