T. 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.
T. DECO
Largest movements
- Receivables within one year +€125,519
up €125,519 (+38.6%), from €325,086 to €450,605
of which Trade receivables: +€135,821
- Cash -€54,694
down €54,694 (-75.1%), from €72,786 to €18,092
mainly Receivables within one year (-€125,519) and Contributions, distributions and other (-€32,636)
- Tangible fixed assets -€39,714
down €39,714 (-25.8%), from €154,041 to €114,327
of which Furniture and vehicles: -€31,449
- Stocks and contracts -€18,024
down €18,024 (-8.7%), from €207,723 to €189,699
of which Stocks: -€26,056
- Reserves +€35,699
up €35,699 (+10.3%), from €345,307 to €381,006
of which Distributable reserves: +€98,849
- Debts after one year -€15,839
down €15,839 (-31.9%), from €49,625 to €33,786
- Gross operating margin +€43,076
up €43,076 (+11.2%), from €384,125 to €427,201
- Staff costs -€34,524
down €34,524 (-11.8%), from €292,095 to €257,571
- Taxes +€33,368
up €33,368 (+292%), from €11,420 to €44,788
- Other operating charges -€4,685
down €4,685 (-40.8%), from €11,485 to €6,800
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 | €820,351 | €840,615 | +€20,264 | +2.5% |
| Fixed assets | 21/28 | €163,607 | €127,005 | -€36,602 | -22.4% |
| Intangible fixed assets | 21 | €9,399 | €12,531 | +€3,132 | +33.3% |
| Tangible fixed assets | 22/27 | €154,041 | €114,327 | -€39,714 | -25.8% |
| Land and buildings | 22 | €52,635 | €44,498 | -€8,137 | -15.5% |
| Plant, machinery and equipment | 23 | €3,359 | €3,231 | -€129 | -3.8% |
| Furniture and vehicles | 24 | €98,048 | €66,599 | -€31,449 | -32.1% |
| Financial fixed assets | 28 | €167 | €147 | -€20 | -11.8% |
| Current assets | 29/58 | €656,745 | €713,610 | +€56,865 | +8.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €207,723 | €189,699 | -€18,024 | -8.7% |
| Stocks | 30/36 | €110,115 | €84,060 | -€26,056 | -23.7% |
| Contracts in progress | 37 | €97,607 | €105,639 | +€8,032 | +8.2% |
| Amounts receivable within one year | 40/41 | €325,086 | €450,605 | +€125,519 | +38.6% |
| Trade receivables | 40 | €286,595 | €422,415 | +€135,821 | +47.4% |
| Other amounts receivable | 41 | €38,492 | €28,190 | -€10,302 | -26.8% |
| Cash at bank and in hand | 54/58 | €72,786 | €18,092 | -€54,694 | -75.1% |
| Deferred charges and accrued income | 490/1 | €21,149 | €25,214 | +€4,064 | +19.2% |
| Total equity and liabilities | 10/49 | €820,351 | €840,615 | +€20,264 | +2.5% |
| Equity | 10/15 | €407,307 | €443,006 | +€35,699 | +8.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €345,307 | €381,006 | +€35,699 | +10.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €0 | -€63,150 | -100% |
| Distributable reserves | 133 | €275,957 | €374,806 | +€98,849 | +35.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €413,044 | €397,609 | -€15,435 | -3.7% |
| Amounts payable after more than one year | 17 | €49,625 | €33,786 | -€15,839 | -31.9% |
| Financial debts | 170/4 | €49,625 | €33,786 | -€15,839 | -31.9% |
| Amounts payable within one year | 42/48 | €355,375 | €360,730 | +€5,354 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €15,175 | €15,839 | +€664 | +4.4% |
| Financial debts | 43 | €11,804 | €13,272 | +€1,468 | +12.4% |
| Credit institutions | 430/8 | €11,804 | €13,272 | +€1,468 | +12.4% |
| Trade debts | 44 | €256,502 | €251,113 | -€5,389 | -2.1% |
| Suppliers | 440/4 | €256,502 | €251,113 | -€5,389 | -2.1% |
| Advances received on contracts in progress | 46 | €0 | €2,200 | +€2,200 | |
| Taxes, remuneration and social security | 45 | €71,785 | €78,080 | +€6,295 | +8.8% |
| Taxes | 450/3 | €23,562 | €36,990 | +€13,428 | +57.0% |
| Remuneration and social security | 454/9 | €48,223 | €41,090 | -€7,133 | -14.8% |
| Other amounts payable | 47/48 | €109 | €225 | +€116 | +106% |
| Accrued charges and deferred income | 492/3 | €8,044 | €3,093 | -€4,951 | -61.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €292,095 | €257,571 | -€34,524 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,199 | €47,799 | +€600 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,913 | -€4,561 | -€1,648 | -56.6% |
| Other operating charges | 640/8 | €11,485 | €6,800 | -€4,685 | -40.8% |
| Gross operating margin | 9900 | €384,125 | €427,201 | +€43,076 | +11.2% |
| Operating profit (loss) | 9901 | €36,259 | €119,591 | +€83,332 | +230% |
| Financial income | 75/76B | €1,858 | €1,808 | -€50 | -2.7% |
| Recurring financial income | 75 | €1,858 | €1,808 | -€50 | -2.7% |
| Financial charges | 65/66B | €10,553 | €8,276 | -€2,277 | -21.6% |
| Recurring financial charges | 65 | €10,553 | €8,276 | -€2,277 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €27,565 | €113,123 | +€85,559 | +310% |
| Income taxes | 67/77 | €11,420 | €44,788 | +€33,368 | +292% |
| Profit (loss) for the period | 9904 | €16,145 | €68,335 | +€52,190 | +323% |
| Transfer from tax-exempt reserves | 789 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,145 | €131,485 | +€115,340 | +714% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.