DECOR PROJECT: 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.
DECOR PROJECT
Largest movements
- Receivables within one year -€24,071
down €24,071 (-42.3%), from €56,844 to €32,773
of which Trade receivables: -€30,802
- Stocks and contracts +€8,914
up €8,914 (+156%), from €5,697 to €14,611
- Receivables after one year -€5,722
down €5,722 (-42.1%), from €13,581 to €7,859
- Tangible fixed assets -€2,272
down €2,272 (-24.0%), from €9,469 to €7,197
- Deferred charges and accrued income +€1,059
new in 2025: €1,059
- Trade debts -€20,558
down €20,558 (-56.8%), from €36,178 to €15,620
- Debts after one year -€3,194
down €3,194 (-53.3%), from €5,994 to €2,800
- Gross operating margin -€2,507
down €2,507 (-19.2%), from €13,086 to €10,578
- Depreciation +€1,267
up €1,267 (+126%), from €1,005 to €2,272
- Staff costs -€785
down €785 (-11.2%), from €6,996 to €6,211
- Taxes -€536
down €536 (-57.5%), from €933 to €397
- Other operating charges -€296
down €296 (-32.2%), from €921 to €624
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,870 | €66,024 | -€22,845 | -25.7% |
| Fixed assets | 21/28 | €9,644 | €7,372 | -€2,272 | -23.6% |
| Tangible fixed assets | 22/27 | €9,469 | €7,197 | -€2,272 | -24.0% |
| Furniture and vehicles | 24 | €9,469 | €7,197 | -€2,272 | -24.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €79,225 | €58,652 | -€20,573 | -26.0% |
| Amounts receivable after more than one year | 29 | €13,581 | €7,859 | -€5,722 | -42.1% |
| Trade receivables | 290 | €13,581 | €7,859 | -€5,722 | -42.1% |
| Stocks and contracts in progress | 3 | €5,697 | €14,611 | +€8,914 | +156% |
| Stocks | 30/36 | €5,697 | €14,611 | +€8,914 | +156% |
| Amounts receivable within one year | 40/41 | €56,844 | €32,773 | -€24,071 | -42.3% |
| Trade receivables | 40 | €50,088 | €19,285 | -€30,802 | -61.5% |
| Other amounts receivable | 41 | €6,757 | €13,488 | +€6,731 | +99.6% |
| Cash at bank and in hand | 54/58 | €3,103 | €2,351 | -€752 | -24.2% |
| Deferred charges and accrued income | 490/1 | - | €1,059 | +€1,059 | |
| Total equity and liabilities | 10/49 | €88,870 | €66,024 | -€22,845 | -25.7% |
| Equity | 10/15 | €40,107 | €40,376 | +€269 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,021 | €2,021 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,021 | €2,021 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,021 | €2,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,686 | €25,955 | +€269 | +1.0% |
| Amounts payable | 17/49 | €48,762 | €25,648 | -€23,114 | -47.4% |
| Amounts payable after more than one year | 17 | €5,994 | €2,800 | -€3,194 | -53.3% |
| Financial debts | 170/4 | €5,994 | €2,800 | -€3,194 | -53.3% |
| Amounts payable within one year | 42/48 | €42,537 | €22,364 | -€20,173 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €3,022 | €3,194 | +€172 | +5.7% |
| Trade debts | 44 | €36,178 | €15,620 | -€20,558 | -56.8% |
| Suppliers | 440/4 | €36,178 | €15,620 | -€20,558 | -56.8% |
| Taxes, remuneration and social security | 45 | €3,337 | €3,142 | -€195 | -5.9% |
| Taxes | 450/3 | €3,327 | €2,791 | -€536 | -16.1% |
| Remuneration and social security | 454/9 | €11 | €351 | +€341 | +3,208% |
| Other amounts payable | 47/48 | - | €408 | +€408 | |
| Accrued charges and deferred income | 492/3 | €231 | €484 | +€253 | +110% |
| Remuneration, social security and pensions | 62 | €6,996 | €6,211 | -€785 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €2,272 | +€1,267 | +126% |
| Other operating charges | 640/8 | €921 | €624 | -€296 | -32.2% |
| Gross operating margin | 9900 | €13,086 | €10,578 | -€2,507 | -19.2% |
| Operating profit (loss) | 9901 | €4,164 | €1,471 | -€2,693 | -64.7% |
| Financial charges | 65/66B | €806 | €805 | -€0 | 0.0% |
| Recurring financial charges | 65 | €806 | €805 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,358 | €665 | -€2,693 | -80.2% |
| Income taxes | 67/77 | €933 | €397 | -€536 | -57.5% |
| Profit (loss) for the period | 9904 | €2,425 | €269 | -€2,157 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,425 | €269 | -€2,157 | -88.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.