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DECOBILL: 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.

What changed

DECOBILL

BE 0807.629.225
NACE 43.341, Painting of buildings
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€13,150
2023 · €7,849+€5,302
Equity
€91,261
2023 · €85,101+€6,159
Cash
€81,872
2023 · €17,315+€64,558
Balance sheet total
€106,603
2023 · €157,732-€51,128

Largest movements

2023 to 2024
Assets
  • Tangible fixed assets -€88,065

    down €88,065 (-82.7%), from €106,550 to €18,485

    of which Land and buildings: -€82,278

  • Cash +€64,558

    up €64,558 (+372.8%), from €17,315 to €81,872

    mainly Investment in fixed assets (net) (+€77,953) and Receivables within one year (+€14,771)

  • Receivables within one year -€14,771

    down €14,771 (-74.8%), from €19,751 to €4,979

    of which Trade receivables: -€16,122

  • Stocks and contracts -€13,391

    no longer reported in 2024 (was €13,391)

Equity and liabilities
  • Debts after one year -€33,692

    no longer reported in 2024 (was €33,692)

  • Other debts -€21,458

    no longer reported in 2024 (was €21,458)

  • Current portion of long-term debt -€9,774

    no longer reported in 2024 (was €9,774)

  • Accrued charges and deferred income +€9,120

    new in 2024: €9,120

  • Reserves +€6,159

    up €6,159 (+9.3%), from €66,501 to €72,661

Income statement
  • Depreciation -€6,872

    down €6,872 (-41.7%), from €16,485 to €9,612

  • Taxes +€4,347

    up €4,347 (+815.3%), from €533 to €4,881

  • Gross operating margin +€1,705

    up €1,705 (+5.7%), from €29,733 to €31,439

  • Financial charges -€1,586

    down €1,586 (-54.4%), from €2,913 to €1,327

  • Other operating charges +€673

    up €673 (+34.4%), from €1,954 to €2,627

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €7,849
Gross operating margin +€1,705
Depreciation +€6,872
Other operating charges -€673
Financial income +€158
Financial charges +€1,586
Taxes -€4,347
Result 2024 €13,150

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€37,061
Investment +€77,953
Financing -€50,456
Cash 2023 €17,315
Net result for the year +€13,150
Depreciation +€9,612
Stocks and contracts +€13,391
Receivables within one year +€14,771
Deferred charges and accrued income -€41
Trade debts -€2,343
Tax, wage and social debts +€859
Other debts -€21,458
Accrued charges and deferred income +€9,120
Investment in fixed assets (net) +€77,953
Debts after one year -€33,692
Current portion of long-term debt -€9,774
Contributions, distributions and other -€6,991
Cash 2024 €81,872
Every line side by side 44 lines
Line Code 2023 2024 Change %
Total assets 20/58 €157,732 €106,603 -€51,128 -32.4%
Fixed assets 21/28 €106,550 €18,985 -€87,565 -82.2%
Tangible fixed assets 22/27 €106,550 €18,485 -€88,065 -82.7%
Land and buildings 22 €82,278 - -€82,278
Plant, machinery and equipment 23 €4,522 €6,641 +€2,119 +46.9%
Furniture and vehicles 24 €19,751 €11,844 -€7,907 -40.0%
Financial fixed assets 28 - €500 +€500
Current assets 29/58 €51,181 €87,618 +€36,437 +71.2%
Stocks and contracts in progress 3 €13,391 - -€13,391
Stocks 30/36 €13,391 - -€13,391
Amounts receivable within one year 40/41 €19,751 €4,979 -€14,771 -74.8%
Trade receivables 40 €19,746 €3,624 -€16,122 -81.6%
Other amounts receivable 41 €5 €1,355 +€1,350 +30003.3%
Cash at bank and in hand 54/58 €17,315 €81,872 +€64,558 +372.8%
Deferred charges and accrued income 490/1 €725 €767 +€41 +5.7%
Total equity and liabilities 10/49 €157,732 €106,603 -€51,128 -32.4%
Equity 10/15 €85,101 €91,261 +€6,159 +7.2%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €66,501 €72,661 +€6,159 +9.3%
Distributable reserves 133 €66,501 €72,661 +€6,159 +9.3%
Amounts payable 17/49 €72,631 €15,343 -€57,288 -78.9%
Amounts payable after more than one year 17 €33,692 - -€33,692
Financial debts 170/4 €33,692 - -€33,692
Amounts payable within one year 42/48 €38,939 €6,223 -€32,716 -84.0%
Current portion of amounts payable after more than one year 42 €9,774 - -€9,774
Trade debts 44 €4,471 €2,128 -€2,343 -52.4%
Suppliers 440/4 €4,471 €2,128 -€2,343 -52.4%
Taxes, remuneration and social security 45 €3,237 €4,095 +€859 +26.5%
Taxes 450/3 €3,237 €4,095 +€859 +26.5%
Other amounts payable 47/48 €21,458 - -€21,458
Accrued charges and deferred income 492/3 - €9,120 +€9,120
Non-recurring operating income 76A - €95,542 +€95,542
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €16,485 €9,612 -€6,872 -41.7%
Other operating charges 640/8 €1,954 €2,627 +€673 +34.4%
Gross operating margin 9900 €29,733 €31,439 +€1,705 +5.7%
Operating profit (loss) 9901 €11,295 €19,200 +€7,905 +70.0%
Financial income 75/76B - €158 +€158
Recurring financial income 75 - €158 +€158
Financial charges 65/66B €2,913 €1,327 -€1,586 -54.4%
Recurring financial charges 65 €2,913 €1,327 -€1,586 -54.4%
Profit (loss) for the period before taxes 9903 €8,382 €18,031 +€9,649 +115.1%
Income taxes 67/77 €533 €4,881 +€4,347 +815.3%
Profit (loss) for the period 9904 €7,849 €13,150 +€5,302 +67.5%
Profit (loss) for the period to be appropriated 9905 €7,849 €13,150 +€5,302 +67.5%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.