DECO - LUST: what changed
What changed
DECO - LUST
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€168,076
2024 · €119,897-€287,973
Equity
€105,529
2024 · €313,605-€208,076
Cash
€167,981
2024 · €321,789-€153,808
Balance sheet total
€858,642
2024 · €1.1m-€228,840
Largest movements
Assets
- Cash -€153,808
down €153,808 (-47.8%), from €321,789 to €167,981
mainly Net result for the year (-€168,076) and Debts after one year (-€72,969)
- Tangible fixed assets -€82,516
down €82,516 (-26.9%), from €306,225 to €223,709
- Stocks and contracts +€20,744
up €20,744 (+6.9%), from €299,636 to €320,379
of which Stocks: +€20,744
- Receivables within one year -€12,252
down €12,252 (-8.4%), from €145,033 to €132,781
of which Trade receivables: -€26,511
Equity and liabilities
- Reserves -€208,076
down €208,076 (-82.7%), from €251,605 to €43,529
of which Distributable reserves: -€208,076
- Debts after one year -€72,969
down €72,969 (-30.1%), from €242,708 to €169,739
- Other debts +€39,897
up €39,897 (+555%), from €7,188 to €47,085
Income statement
- Gross operating margin -€251,857
down €251,857 (-17.9%), from €1.4m to €1.2m
- Staff costs +€18,707
up €18,707 (+1.6%), from €1.2m to €1.2m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€119,897
Gross operating margin
-€251,857
Staff costs
-€18,707
Depreciation
-€1,114
Other operating charges
-€1,715
Financial income
-€2,036
Financial charges
-€12,786
Taxes
+€241
Result 2025
-€168,076
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€38,190
Investment
-€8,223
Financing
-€107,395
Cash 2024
€321,789
From operations (derived)
-€38,190
Net result for the year
-€168,076
Depreciation
+€90,739
Stocks and contracts
-€20,744
Receivables within one year
+€12,252
Deferred charges and accrued income
+€1,007
Trade debts
-€2,015
Tax, wage and social debts
+€8,750
Other debts
+€39,897
Investment (derived)
-€8,223
Investment in fixed assets (net)
-€8,223
Financing
-€107,395
Debts after one year
-€72,969
Current portion of long-term debt
+€515
Short-term financial debts
+€5,059
Contributions, distributions and other
-€40,000
Cash 2025
€167,981
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,087,482 | €858,642 | -€228,840 | -21.0% |
| Fixed assets | 21/28 | €306,225 | €223,709 | -€82,516 | -26.9% |
| Tangible fixed assets | 22/27 | €306,225 | €223,709 | -€82,516 | -26.9% |
| Plant, machinery and equipment | 23 | €166,424 | €129,621 | -€36,802 | -22.1% |
| Furniture and vehicles | 24 | €56,953 | €33,298 | -€23,656 | -41.5% |
| Other tangible fixed assets | 26 | €82,848 | €60,790 | -€22,058 | -26.6% |
| Current assets | 29/58 | €781,257 | €634,933 | -€146,323 | -18.7% |
| Stocks and contracts in progress | 3 | €299,636 | €320,379 | +€20,744 | +6.9% |
| Stocks | 30/36 | €189,636 | €210,379 | +€20,744 | +10.9% |
| Contracts in progress | 37 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €145,033 | €132,781 | -€12,252 | -8.4% |
| Trade receivables | 40 | €145,033 | €118,522 | -€26,511 | -18.3% |
| Other amounts receivable | 41 | €0 | €14,259 | +€14,259 | |
| Cash at bank and in hand | 54/58 | €321,789 | €167,981 | -€153,808 | -47.8% |
| Deferred charges and accrued income | 490/1 | €14,799 | €13,792 | -€1,007 | -6.8% |
| Total equity and liabilities | 10/49 | €1,087,482 | €858,642 | -€228,840 | -21.0% |
| Equity | 10/15 | €313,605 | €105,529 | -€208,076 | -66.3% |
| 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 | €251,605 | €43,529 | -€208,076 | -82.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,870 | €7,870 | = | 0.0% |
| Distributable reserves | 133 | €237,535 | €29,459 | -€208,076 | -87.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €773,877 | €753,113 | -€20,764 | -2.7% |
| Amounts payable after more than one year | 17 | €242,708 | €169,739 | -€72,969 | -30.1% |
| Financial debts | 170/4 | €242,708 | €169,739 | -€72,969 | -30.1% |
| Amounts payable within one year | 42/48 | €531,169 | €583,374 | +€52,205 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €72,454 | €72,969 | +€515 | +0.7% |
| Financial debts | 43 | €200,000 | €205,059 | +€5,059 | +2.5% |
| Credit institutions | 430/8 | €200,000 | €205,059 | +€5,059 | +2.5% |
| Trade debts | 44 | €87,478 | €85,463 | -€2,015 | -2.3% |
| Suppliers | 440/4 | €87,478 | €85,463 | -€2,015 | -2.3% |
| Taxes, remuneration and social security | 45 | €164,049 | €172,799 | +€8,750 | +5.3% |
| Taxes | 450/3 | €11,628 | €11,904 | +€276 | +2.4% |
| Remuneration and social security | 454/9 | €152,421 | €160,895 | +€8,474 | +5.6% |
| Other amounts payable | 47/48 | €7,188 | €47,085 | +€39,897 | +555% |
| Non-recurring operating income | 76A | €0 | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €1,171,525 | €1,190,231 | +€18,707 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,625 | €90,739 | +€1,114 | +1.2% |
| Other operating charges | 640/8 | €13,545 | €15,260 | +€1,715 | +12.7% |
| Gross operating margin | 9900 | €1,408,105 | €1,156,248 | -€251,857 | -17.9% |
| Operating profit (loss) | 9901 | €133,410 | -€139,982 | -€273,393 | |
| Financial income | 75/76B | €12,755 | €10,719 | -€2,036 | -16.0% |
| Recurring financial income | 75 | €12,755 | €10,719 | -€2,036 | -16.0% |
| Financial charges | 65/66B | €25,286 | €38,072 | +€12,786 | +50.6% |
| Recurring financial charges | 65 | €25,286 | €38,072 | +€12,786 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €120,879 | -€167,335 | -€288,215 | |
| Income taxes | 67/77 | €982 | €741 | -€241 | -24.6% |
| Profit (loss) for the period | 9904 | €119,897 | -€168,076 | -€287,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €119,897 | -€168,076 | -€287,973 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.