CERAMIC-DECOR: what changed
Two fiscal 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.
CERAMIC-DECOR
Largest movements
- Stocks and contracts -€20,710
down €20,710 (-12.3%), from €168,366 to €147,656
- Intangible fixed assets -€12,405
down €12,405 (-33.3%), from €37,198 to €24,793
- Deferred charges and accrued income -€6,198
down €6,198 (-77.2%), from €8,032 to €1,834
- Cash -€6,012
down €6,012 (-57.5%), from €10,452 to €4,441
mainly Net result for the year (-€33,031) and Debts after one year (-€29,448)
- Tangible fixed assets +€4,797
up €4,797 (+7.3%), from €65,647 to €70,444
of which Other tangible fixed assets: +€17,676
- Tax, wage and social debts +€31,223
up €31,223 (+53.7%), from €58,090 to €89,313
of which Taxes: +€28,522
- Debts after one year -€29,448
down €29,448 (-59.9%), from €49,122 to €19,675
- Reserves -€27,897
down €27,897 (-90.4%), from €30,871 to €2,975
of which Tax-exempt reserves: -€27,897
- Advances received -€16,922
down €16,922 (-79.6%), from €21,252 to €4,330
- Other debts +€13,567
new in 2025: €13,567
- Gross operating margin +€27,247
up €27,247 (+23.6%), from €115,374 to €142,621
- Write-downs +€7,950
new in 2025: €7,950
- Other operating charges -€7,268
down €7,268 (-55.6%), from €13,070 to €5,802
- Depreciation +€5,908
up €5,908 (+19.2%), from €30,770 to €36,678
- Staff costs -€5,879
down €5,879 (-4.9%), from €118,940 to €113,060
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 | €379,986 | €343,974 | -€36,011 | -9.5% |
| Fixed assets | 21/28 | €102,845 | €95,238 | -€7,607 | -7.4% |
| Intangible fixed assets | 21 | €37,198 | €24,793 | -€12,405 | -33.3% |
| Tangible fixed assets | 22/27 | €65,647 | €70,444 | +€4,797 | +7.3% |
| Plant, machinery and equipment | 23 | €17,511 | €9,435 | -€8,075 | -46.1% |
| Furniture and vehicles | 24 | €11,141 | €6,337 | -€4,804 | -43.1% |
| Other tangible fixed assets | 26 | €36,995 | €54,672 | +€17,676 | +47.8% |
| Current assets | 29/58 | €277,141 | €248,737 | -€28,404 | -10.2% |
| Stocks and contracts in progress | 3 | €168,366 | €147,656 | -€20,710 | -12.3% |
| Stocks | 30/36 | €168,366 | €147,656 | -€20,710 | -12.3% |
| Amounts receivable within one year | 40/41 | €90,290 | €94,806 | +€4,516 | +5.0% |
| Trade receivables | 40 | €81,202 | €85,044 | +€3,842 | +4.7% |
| Other amounts receivable | 41 | €9,089 | €9,762 | +€674 | +7.4% |
| Cash at bank and in hand | 54/58 | €10,452 | €4,441 | -€6,012 | -57.5% |
| Deferred charges and accrued income | 490/1 | €8,032 | €1,834 | -€6,198 | -77.2% |
| Total equity and liabilities | 10/49 | €379,986 | €343,974 | -€36,011 | -9.5% |
| Equity | 10/15 | €11,537 | -€21,495 | -€33,031 | |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €30,871 | €2,975 | -€27,897 | -90.4% |
| Tax-exempt reserves | 132 | €27,897 | - | -€27,897 | |
| Distributable reserves | 133 | €2,975 | €2,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,082 | -€54,217 | -€5,135 | -10.5% |
| Amounts payable | 17/49 | €368,449 | €365,469 | -€2,980 | -0.8% |
| Amounts payable after more than one year | 17 | €49,122 | €19,675 | -€29,448 | -59.9% |
| Financial debts | 170/4 | €49,122 | €19,675 | -€29,448 | -59.9% |
| Amounts payable within one year | 42/48 | €301,092 | €329,958 | +€28,866 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €34,473 | €29,448 | -€5,026 | -14.6% |
| Financial debts | 43 | €33,515 | €35,527 | +€2,011 | +6.0% |
| Credit institutions | 430/8 | €33,515 | €35,527 | +€2,011 | +6.0% |
| Trade debts | 44 | €153,761 | €157,774 | +€4,013 | +2.6% |
| Suppliers | 440/4 | €153,761 | €157,774 | +€4,013 | +2.6% |
| Advances received on contracts in progress | 46 | €21,252 | €4,330 | -€16,922 | -79.6% |
| Taxes, remuneration and social security | 45 | €58,090 | €89,313 | +€31,223 | +53.7% |
| Taxes | 450/3 | €45,014 | €73,536 | +€28,522 | +63.4% |
| Remuneration and social security | 454/9 | €13,076 | €15,777 | +€2,701 | +20.7% |
| Other amounts payable | 47/48 | - | €13,567 | +€13,567 | |
| Accrued charges and deferred income | 492/3 | €18,235 | €15,836 | -€2,399 | -13.2% |
| Remuneration, social security and pensions | 62 | €118,940 | €113,060 | -€5,879 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,770 | €36,678 | +€5,908 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,950 | +€7,950 | |
| Other operating charges | 640/8 | €13,070 | €5,802 | -€7,268 | -55.6% |
| Non-recurring operating charges | 66A | - | €6,374 | +€6,374 | |
| Gross operating margin | 9900 | €115,374 | €142,621 | +€27,247 | +23.6% |
| Operating profit (loss) | 9901 | -€47,406 | -€27,244 | +€20,162 | +42.5% |
| Financial income | 75/76B | €149 | €2,257 | +€2,107 | +1409.8% |
| Recurring financial income | 75 | €149 | €2,257 | +€2,107 | +1409.8% |
| Financial charges | 65/66B | €8,147 | €8,044 | -€103 | -1.3% |
| Recurring financial charges | 65 | €8,147 | €8,044 | -€103 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,404 | -€33,031 | +€22,372 | +40.4% |
| Profit (loss) for the period | 9904 | -€55,404 | -€33,031 | +€22,372 | +40.4% |
| Transfer from tax-exempt reserves | 789 | - | €27,897 | +€27,897 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,404 | -€5,135 | +€50,269 | +90.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.