WHAT ELSE 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.
WHAT ELSE DECO
Largest movements
- Receivables within one year -€19,557
down €19,557 (-59.4%), from €32,944 to €13,387
of which Trade receivables: -€21,876
- Cash +€10,212
up €10,212 (+129.9%), from €7,863 to €18,076
mainly Receivables within one year (+€19,557) and Net result for the year (+€10,828)
- Tangible fixed assets +€5,319
up €5,319 (+196.8%), from €2,703 to €8,022
of which Furniture and vehicles: +€5,320
- Profit (loss) carried forward +€10,028
up €10,028, from -€303 to €9,725
- Trade debts -€9,158
down €9,158 (-41.1%), from €22,269 to €13,111
- Other debts -€7,115
down €7,115 (-85.0%), from €8,372 to €1,257
- Short-term financial debts +€6,250
new in 2025: €6,250
- Tax, wage and social debts -€3,417
down €3,417 (-93.4%), from €3,657 to €240
- Gross operating margin +€14,292
up €14,292 (+647.6%), from €2,207 to €16,498
- Taxes +€2,665
up €2,665 (+443.7%), from €601 to €3,265
- Depreciation +€277
up €277 (+19.9%), from €1,397 to €1,674
- Financial charges +€186
up €186 (+36.2%), from €513 to €698
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 | €44,095 | €40,385 | -€3,710 | -8.4% |
| Fixed assets | 21/28 | €2,859 | €8,294 | +€5,435 | +190.1% |
| Tangible fixed assets | 22/27 | €2,703 | €8,022 | +€5,319 | +196.8% |
| Plant, machinery and equipment | 23 | €865 | €864 | -€1 | -0.1% |
| Furniture and vehicles | 24 | €1,838 | €7,158 | +€5,320 | +289.4% |
| Financial fixed assets | 28 | €156 | €272 | +€116 | +74.4% |
| Current assets | 29/58 | €41,236 | €32,090 | -€9,146 | -22.2% |
| Amounts receivable within one year | 40/41 | €32,944 | €13,387 | -€19,557 | -59.4% |
| Trade receivables | 40 | €29,003 | €7,127 | -€21,876 | -75.4% |
| Other amounts receivable | 41 | €3,941 | €6,260 | +€2,320 | +58.9% |
| Cash at bank and in hand | 54/58 | €7,863 | €18,076 | +€10,212 | +129.9% |
| Deferred charges and accrued income | 490/1 | €429 | €628 | +€199 | +46.4% |
| Total equity and liabilities | 10/49 | €44,095 | €40,385 | -€3,710 | -8.4% |
| Equity | 10/15 | €2,697 | €12,725 | +€10,028 | +371.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€303 | €9,725 | +€10,028 | |
| Amounts payable | 17/49 | €41,398 | €27,660 | -€13,738 | -33.2% |
| Amounts payable after more than one year | 17 | - | €3,295 | +€3,295 | |
| Financial debts | 170/4 | - | €3,295 | +€3,295 | |
| Amounts payable within one year | 42/48 | €41,398 | €24,365 | -€17,034 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €2,202 | €1,577 | -€625 | -28.4% |
| Financial debts | 43 | - | €6,250 | +€6,250 | |
| Credit institutions | 430/8 | - | €6,250 | +€6,250 | |
| Trade debts | 44 | €22,269 | €13,111 | -€9,158 | -41.1% |
| Suppliers | 440/4 | €22,269 | €13,111 | -€9,158 | -41.1% |
| Advances received on contracts in progress | 46 | €4,898 | €1,930 | -€2,968 | -60.6% |
| Taxes, remuneration and social security | 45 | €3,657 | €240 | -€3,417 | -93.4% |
| Taxes | 450/3 | €3,657 | €240 | -€3,417 | -93.4% |
| Other amounts payable | 47/48 | €8,372 | €1,257 | -€7,115 | -85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,397 | €1,674 | +€277 | +19.9% |
| Other operating charges | 640/8 | - | €34 | +€34 | |
| Gross operating margin | 9900 | €2,207 | €16,498 | +€14,292 | +647.6% |
| Operating profit (loss) | 9901 | €810 | €14,790 | +€13,980 | +1726.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +10100.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +10100.0% |
| Financial charges | 65/66B | €513 | €698 | +€186 | +36.2% |
| Recurring financial charges | 65 | €513 | €698 | +€186 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €297 | €14,093 | +€13,796 | +4639.7% |
| Income taxes | 67/77 | €601 | €3,265 | +€2,665 | +443.7% |
| Profit (loss) for the period | 9904 | -€303 | €10,828 | +€11,131 | |
| Profit (loss) for the period to be appropriated | 9905 | -€303 | €10,828 | +€11,131 |
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 12 October 2026 via checked.be.