DECOLINE: 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
DECOLINE
NACE 13.921, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€344,643
2024 · -€27,888+€372,531
Equity
€2.2m
2024 · €1.8m+€344,643
Cash
€286,545
2024 · €447,912-€161,367
Balance sheet total
€4.5m
2024 · €4.8m-€366,594
Largest movements
Assets
- Cash -€161,367
down €161,367 (-36.0%), from €447,912 to €286,545
mainly Debts after one year (-€243,719) and Investment in fixed assets (net) (-€234,462)
- Receivables within one year -€123,387
down €123,387 (-6.9%), from €1.8m to €1.7m
of which Trade receivables: -€75,279
- Intangible fixed assets +€91,957
up €91,957 (+1397.8%), from €6,579 to €98,536
- Stocks and contracts -€88,357
down €88,357 (-4.4%), from €2.0m to €1.9m
- Deferred charges and accrued income -€85,512
down €85,512 (-58.5%), from €146,120 to €60,607
Equity and liabilities
- Reserves +€340,000
up €340,000 (+106.3%), from €320,000 to €660,000
- Debts after one year -€243,719
down €243,719 (-43.5%), from €559,711 to €315,992
- Trade debts -€226,428
down €226,428 (-45.5%), from €497,161 to €270,733
- Accrued charges and deferred income -€108,119
down €108,119 (-78.9%), from €136,974 to €28,856
- Provisions -€105,592
down €105,592 (-50.3%), from €209,800 to €104,209
Income statement
- Gross operating margin +€209,437
up €209,437 (+7.3%), from €2.9m to €3.1m
- Provisions -€120,848
down €120,848, from €103,368 to -€17,481
- Taxes +€85,518
up €85,518 (+458.9%), from €18,637 to €104,155
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.
Result 2024
-€27,888
Gross operating margin
+€209,437
Staff costs
-€23,756
Depreciation
-€7,217
Write-downs
-€19,856
Provisions
+€120,848
Other operating charges
+€2,533
Other operating items
+€130,562
Financial income
+€24,861
Financial charges
+€20,636
Taxes
-€85,518
Result 2025
€344,643
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.
From operations
+€322,255
Investment
-€234,462
Financing
-€249,160
Cash 2024
€447,912
From operations (derived)
+€322,255
Net result for the year
+€344,643
Depreciation
+€142,433
Stocks and contracts
+€88,357
Receivables within one year
+€123,387
Deferred charges and accrued income
+€85,512
Provisions
-€105,592
Trade debts
-€226,428
Tax, wage and social debts
-€20,519
Other debts
-€1,419
Accrued charges and deferred income
-€108,119
Investment (derived)
-€234,462
Investment in fixed assets (net)
-€234,462
Financing
-€249,160
Debts after one year
-€243,719
Current portion of long-term debt
+€52,811
Short-term financial debts
-€58,253
Cash 2025
€286,545
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,831,294 | €4,464,701 | -€366,594 | -7.6% |
| Fixed assets | 21/28 | €465,372 | €557,401 | +€92,029 | +19.8% |
| Intangible fixed assets | 21 | €6,579 | €98,536 | +€91,957 | +1397.8% |
| Tangible fixed assets | 22/27 | €458,793 | €458,865 | +€72 | 0.0% |
| Plant, machinery and equipment | 23 | €87,235 | €163,163 | +€75,928 | +87.0% |
| Furniture and vehicles | 24 | €66,244 | €52,266 | -€13,978 | -21.1% |
| Leasing and similar rights | 25 | €163,423 | €142,747 | -€20,676 | -12.7% |
| Other tangible fixed assets | 26 | €141,891 | €100,689 | -€41,202 | -29.0% |
| Current assets | 29/58 | €4,365,923 | €3,907,300 | -€458,623 | -10.5% |
| Stocks and contracts in progress | 3 | €1,987,760 | €1,899,404 | -€88,357 | -4.4% |
| Stocks | 30/36 | €1,987,760 | €1,899,404 | -€88,357 | -4.4% |
| Amounts receivable within one year | 40/41 | €1,784,131 | €1,660,744 | -€123,387 | -6.9% |
| Trade receivables | 40 | €710,187 | €634,908 | -€75,279 | -10.6% |
| Other amounts receivable | 41 | €1,073,943 | €1,025,835 | -€48,108 | -4.5% |
| Cash at bank and in hand | 54/58 | €447,912 | €286,545 | -€161,367 | -36.0% |
| Deferred charges and accrued income | 490/1 | €146,120 | €60,607 | -€85,512 | -58.5% |
| Total equity and liabilities | 10/49 | €4,831,294 | €4,464,701 | -€366,594 | -7.6% |
| Equity | 10/15 | €1,828,310 | €2,172,953 | +€344,643 | +18.9% |
| Contributions | 10/11 | €1,508,085 | €1,508,085 | = | 0.0% |
| Reserves | 13 | €320,000 | €660,000 | +€340,000 | +106.3% |
| Distributable reserves | 133 | €320,000 | €660,000 | +€340,000 | +106.3% |
| Profit (loss) carried forward | 14 | €225 | €4,868 | +€4,643 | +2064.7% |
| Provisions and deferred taxes | 16 | €209,800 | €104,209 | -€105,592 | -50.3% |
| Provisions for liabilities and charges | 160/5 | €209,800 | €104,209 | -€105,592 | -50.3% |
| Other liabilities and charges | 164/5 | €209,800 | €104,209 | -€105,592 | -50.3% |
| Amounts payable | 17/49 | €2,793,184 | €2,187,539 | -€605,645 | -21.7% |
| Amounts payable after more than one year | 17 | €559,711 | €315,992 | -€243,719 | -43.5% |
| Financial debts | 170/4 | €559,711 | €315,992 | -€243,719 | -43.5% |
| Amounts payable within one year | 42/48 | €2,096,499 | €1,842,691 | -€253,807 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €311,553 | €364,365 | +€52,811 | +17.0% |
| Financial debts | 43 | €737,457 | €679,204 | -€58,253 | -7.9% |
| Credit institutions | 430/8 | €737,457 | €679,204 | -€58,253 | -7.9% |
| Trade debts | 44 | €497,161 | €270,733 | -€226,428 | -45.5% |
| Suppliers | 440/4 | €497,161 | €270,733 | -€226,428 | -45.5% |
| Taxes, remuneration and social security | 45 | €548,908 | €528,390 | -€20,519 | -3.7% |
| Taxes | 450/3 | €133,558 | €118,708 | -€14,850 | -11.1% |
| Remuneration and social security | 454/9 | €415,350 | €409,682 | -€5,668 | -1.4% |
| Other amounts payable | 47/48 | €1,419 | - | -€1,419 | |
| Accrued charges and deferred income | 492/3 | €136,974 | €28,856 | -€108,119 | -78.9% |
| Non-recurring operating income | 76A | - | €10,962 | +€10,962 | |
| Remuneration, social security and pensions | 62 | €2,442,537 | €2,466,293 | +€23,756 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,216 | €142,433 | +€7,217 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,055 | €25,911 | +€19,856 | +327.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €103,368 | -€17,481 | -€120,848 | |
| Other operating charges | 640/8 | €4,907 | €2,373 | -€2,533 | -51.6% |
| Non-recurring operating charges | 66A | €119,841 | -€10,721 | -€130,562 | |
| Gross operating margin | 9900 | €2,850,631 | €3,060,068 | +€209,437 | +7.3% |
| Operating profit (loss) | 9901 | €38,708 | €451,260 | +€412,552 | +1065.8% |
| Financial income | 75/76B | €86,042 | €110,903 | +€24,861 | +28.9% |
| Recurring financial income | 75 | €86,042 | €110,903 | +€24,861 | +28.9% |
| Financial charges | 65/66B | €134,001 | €113,365 | -€20,636 | -15.4% |
| Recurring financial charges | 65 | €134,001 | €113,365 | -€20,636 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,251 | €448,798 | +€458,049 | |
| Income taxes | 67/77 | €18,637 | €104,155 | +€85,518 | +458.9% |
| Profit (loss) for the period | 9904 | -€27,888 | €344,643 | +€372,531 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,888 | €344,643 | +€372,531 |
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 4 October 2026 via checked.be.