Decolvenaere: 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 changed
Decolvenaere
NACE 46.832, Wholesale of timber
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €170,242+€2.1m
Equity
€12.0m
2024 · €12.2m-€161,526
Cash
€1.5m
2024 · €2.0m-€510,356
Balance sheet total
€17.1m
2024 · €22.3m-€5.2m
Largest movements
Assets
- Receivables within one year -€4.0m
down €4.0m (-46.1%), from €8.7m to €4.7m
of which Other amounts receivable: -€2.3m
- Stocks and contracts -€1.0m
down €1.0m (-10.0%), from €10.2m to €9.2m
- Cash -€510,356
down €510,356 (-25.2%), from €2.0m to €1.5m
mainly Tax, wage and social debts (-€4.2m) and Contributions, distributions and other (-€2.4m)
- Current investments +€499,997
new in 2025: €499,997
Equity and liabilities
- Tax, wage and social debts -€4.2m
down €4.2m (-95.0%), from €4.4m to €221,121
of which Taxes: -€4.2m
- Other debts -€799,820
down €799,820 (-24.8%), from €3.2m to €2.4m
Income statement
- Turnover -€19.3m
down €19.3m (-50.0%), from €38.6m to €19.3m
- Goods and materials -€6.3m
down €6.3m (-34.9%), from €18.2m to €11.8m
of which Purchases: -€7.3m
- Other operating income -€4.6m
down €4.6m (-95.5%), from €4.8m to €216,703
- Services and other goods -€3.4m
down €3.4m (-45.3%), from €7.6m to €4.1m
- Taxes -€3.4m
down €3.4m (-96.8%), from €3.5m to €111,832
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
€170,242
Turnover
-€19.3m
Other operating income
-€4.6m
Goods and materials
+€6.3m
Services and other goods
+€3.4m
Staff costs
+€272,776
Depreciation
+€172,494
Write-downs
-€61,801
Other operating charges
+€657,912
Other operating items
+€11.5m
Financial income
+€57,875
Financial charges
+€246,774
Taxes
+€3.4m
Deferred taxes and other
-€1,000
Result 2025
€2.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€2.4m
Investment
-€536,939
Financing
-€2.4m
Cash 2024
€2.0m
From operations (derived)
+€2.4m
Net result for the year
+€2.2m
Depreciation
+€247,281
Stocks and contracts
+€1.0m
Receivables within one year
+€4.0m
Deferred charges and accrued income
-€14,706
Smaller working-capital items
-€12,121
Tax, wage and social debts
-€4.2m
Other debts
-€799,820
Accrued charges and deferred income
-€54,653
Investment (derived)
-€536,939
Investment in fixed assets (net)
-€36,941
Current investments
-€499,997
Financing
-€2.4m
Short-term financial debts
+€67
Contributions, distributions and other
-€2.4m
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,313,984 | €17,088,635 | -€5.2m | -23.4% |
| Fixed assets | 21/28 | €1,290,898 | €1,080,558 | -€210,340 | -16.3% |
| Tangible fixed assets | 22/27 | €1,290,898 | €1,080,558 | -€210,340 | -16.3% |
| Land and buildings | 22 | €731,779 | €673,645 | -€58,134 | -7.9% |
| Plant, machinery and equipment | 23 | €28,454 | €14,698 | -€13,756 | -48.3% |
| Furniture and vehicles | 24 | €396,883 | €273,135 | -€123,748 | -31.2% |
| Other tangible fixed assets | 26 | €133,782 | €119,080 | -€14,702 | -11.0% |
| Current assets | 29/58 | €21,023,087 | €16,008,077 | -€5.0m | -23.9% |
| Stocks and contracts in progress | 3 | €10,232,876 | €9,208,571 | -€1.0m | -10.0% |
| Stocks | 30/36 | €10,232,876 | €9,208,571 | -€1.0m | -10.0% |
| Finished goods | 33 | €9,331 | €9,331 | = | 0.0% |
| Goods purchased for resale | 34 | €10,223,545 | €9,199,239 | -€1.0m | -10.0% |
| Amounts receivable within one year | 40/41 | €8,662,522 | €4,667,471 | -€4.0m | -46.1% |
| Trade receivables | 40 | €5,015,814 | €3,343,502 | -€1.7m | -33.3% |
| Other amounts receivable | 41 | €3,646,709 | €1,323,969 | -€2.3m | -63.7% |
| Current investments | 50/53 | - | €499,997 | +€499,997 | |
| Other investments | 51/53 | - | €499,997 | +€499,997 | |
| Cash at bank and in hand | 54/58 | €2,021,446 | €1,511,090 | -€510,356 | -25.2% |
| Deferred charges and accrued income | 490/1 | €106,243 | €120,949 | +€14,706 | +13.8% |
| Total equity and liabilities | 10/49 | €22,313,984 | €17,088,635 | -€5.2m | -23.4% |
| Equity | 10/15 | €12,161,390 | €11,999,865 | -€161,526 | -1.3% |
| Contributions | 10/11 | €3,200,000 | €3,200,000 | = | 0.0% |
| Reserves | 13 | €2,099,799 | €2,093,799 | -€6,000 | -0.3% |
| Tax-exempt reserves | 132 | €784,050 | €778,050 | -€6,000 | -0.8% |
| Distributable reserves | 133 | €1,315,750 | €1,315,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,861,591 | €6,706,066 | -€155,526 | -2.3% |
| Provisions and deferred taxes | 16 | €7,500 | €5,500 | -€2,000 | -26.7% |
| Deferred taxes | 168 | €7,500 | €5,500 | -€2,000 | -26.7% |
| Amounts payable | 17/49 | €10,145,094 | €5,083,270 | -€5.1m | -49.9% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,078,079 | €4,070,909 | -€5.0m | -55.2% |
| Financial debts | 43 | - | €67 | +€67 | |
| Credit institutions | 430/8 | - | €67 | +€67 | |
| Trade debts | 44 | €1,429,661 | €1,419,541 | -€10,121 | -0.7% |
| Suppliers | 440/4 | €1,429,661 | €1,419,541 | -€10,121 | -0.7% |
| Taxes, remuneration and social security | 45 | €4,418,418 | €221,121 | -€4.2m | -95.0% |
| Taxes | 450/3 | €4,356,172 | €150,041 | -€4.2m | -96.6% |
| Remuneration and social security | 454/9 | €62,246 | €71,080 | +€8,834 | +14.2% |
| Other amounts payable | 47/48 | €3,230,000 | €2,430,180 | -€799,820 | -24.8% |
| Accrued charges and deferred income | 492/3 | €67,014 | €12,361 | -€54,653 | -81.6% |
| Operating income | 70/76A | €43,408,076 | €19,506,112 | -€23.9m | -55.1% |
| Turnover | 70 | €38,585,038 | €19,289,409 | -€19.3m | -50.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€10,229 | - | +€10,229 | |
| Other operating income | 74 | €4,833,267 | €216,703 | -€4.6m | -95.5% |
| Operating charges | 60/66A | €39,370,591 | €17,105,226 | -€22.3m | -56.6% |
| Goods for resale, raw materials and consumables | 60 | €18,158,835 | €11,814,173 | -€6.3m | -34.9% |
| Purchases | 600/8 | €18,103,963 | €10,789,868 | -€7.3m | -40.4% |
| Change in stocks: decrease (increase) | 609 | €54,872 | €1,024,306 | +€969,434 | +1,767% |
| Services and other goods | 61 | €7,563,135 | €4,136,979 | -€3.4m | -45.3% |
| Remuneration, social security and pensions | 62 | €1,029,695 | €756,919 | -€272,776 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419,775 | €247,281 | -€172,494 | -41.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€63,508 | -€1,708 | +€61,801 | +97.3% |
| Other operating charges | 640/8 | €809,493 | €151,581 | -€657,912 | -81.3% |
| Non-recurring operating charges | 66A | €11,453,167 | - | -€11.5m | |
| Operating profit (loss) | 9901 | €4,037,485 | €2,400,886 | -€1.6m | -40.5% |
| Financial income | 75/76B | €55,710 | €113,585 | +€57,875 | +104% |
| Recurring financial income | 75 | €55,710 | €113,585 | +€57,875 | +104% |
| Income from current assets | 751 | €55,531 | €109,243 | +€53,712 | +96.7% |
| Other financial income | 752/9 | €179 | €4,342 | +€4,163 | +2,323% |
| Financial charges | 65/66B | €412,939 | €166,165 | -€246,774 | -59.8% |
| Recurring financial charges | 65 | €412,939 | €166,165 | -€246,774 | -59.8% |
| Debt charges | 650 | €134,082 | €35,596 | -€98,486 | -73.5% |
| Other financial charges | 652/9 | €278,857 | €130,569 | -€148,288 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €3,680,256 | €2,348,306 | -€1.3m | -36.2% |
| Transfer from deferred taxes | 780 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Income taxes | 67/77 | €3,513,014 | €111,832 | -€3.4m | -96.8% |
| Taxes | 670/3 | €3,513,014 | €111,832 | -€3.4m | -96.8% |
| Profit (loss) for the period | 9904 | €170,242 | €2,238,474 | +€2.1m | +1,215% |
| Transfer from tax-exempt reserves | 789 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €179,242 | €2,244,474 | +€2.1m | +1,152% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.