DECORANDA: 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.
DECORANDA
Largest movements
- Stocks and contracts +€170,884
up €170,884 (+19.7%), from €868,076 to €1.0m
of which Stocks: +€180,816
- Tangible fixed assets -€92,224
down €92,224 (-31.2%), from €295,389 to €203,165
of which Other tangible fixed assets: -€79,651
- Cash +€54,459
up €54,459 (+388.5%), from €14,017 to €68,476
mainly Other debts (+€1.3m) and Contributions, distributions and other (+€500,000)
- Formation expenses +€51,910
new in 2024: €51,910
- Other debts +€1.3m
up €1.3m (+1152.7%), from €109,388 to €1.4m
- Debts after one year -€759,058
down €759,058 (-73.7%), from €1.0m to €270,858
of which Financial debts: -€544,058
- Contributions +€500,000
up €500,000 (+2688.2%), from €18,600 to €518,600
- Profit (loss) carried forward -€397,375
down €397,375 (-29.8%), from -€1.3m to -€1.7m
- Short-term financial debts -€263,113
down €263,113 (-49.8%), from €528,049 to €264,936
- Gross operating margin -€1.3m
down €1.3m (-86.5%), from €1.5m to €203,749
- Staff costs -€849,082
down €849,082 (-68.7%), from €1.2m to €386,881
- Depreciation -€97,824
down €97,824 (-73.6%), from €132,851 to €35,027
- Financial charges -€69,777
down €69,777 (-43.7%), from €159,595 to €89,818
- Financial income +€42,919
up €42,919 (+1057.6%), from €4,058 to €46,978
From the 30-06-2024 result to the 31-12-2024 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.
Cash bridge derived
Derived from the 30-06-2024 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 30-06-2024 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,810,492 | €1,972,713 | +€162,221 | +9.0% |
| Formation expenses | 20 | - | €51,910 | +€51,910 | |
| Fixed assets | 21/28 | €313,518 | €217,263 | -€96,255 | -30.7% |
| Intangible fixed assets | 21 | €14,304 | €10,274 | -€4,030 | -28.2% |
| Tangible fixed assets | 22/27 | €295,389 | €203,165 | -€92,224 | -31.2% |
| Plant, machinery and equipment | 23 | €6,463 | €11,044 | +€4,582 | +70.9% |
| Furniture and vehicles | 24 | €9,406 | €7,275 | -€2,132 | -22.7% |
| Leasing and similar rights | 25 | €61,513 | €46,490 | -€15,024 | -24.4% |
| Other tangible fixed assets | 26 | €218,007 | €138,356 | -€79,651 | -36.5% |
| Financial fixed assets | 28 | €3,825 | €3,825 | = | 0.0% |
| Current assets | 29/58 | €1,496,974 | €1,703,540 | +€206,566 | +13.8% |
| Stocks and contracts in progress | 3 | €868,076 | €1,038,960 | +€170,884 | +19.7% |
| Stocks | 30/36 | €778,383 | €959,199 | +€180,816 | +23.2% |
| Contracts in progress | 37 | €89,693 | €79,761 | -€9,932 | -11.1% |
| Amounts receivable within one year | 40/41 | €574,017 | €561,049 | -€12,968 | -2.3% |
| Trade receivables | 40 | €506,997 | €426,500 | -€80,497 | -15.9% |
| Other amounts receivable | 41 | €67,020 | €134,550 | +€67,530 | +100.8% |
| Cash at bank and in hand | 54/58 | €14,017 | €68,476 | +€54,459 | +388.5% |
| Deferred charges and accrued income | 490/1 | €40,864 | €35,055 | -€5,809 | -14.2% |
| Total equity and liabilities | 10/49 | €1,810,492 | €1,972,713 | +€162,221 | +9.0% |
| Equity | 10/15 | -€986,390 | -€883,766 | +€102,625 | +10.4% |
| Contributions | 10/11 | €18,600 | €518,600 | +€500,000 | +2688.2% |
| Reserves | 13 | €330,724 | €330,724 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €330,724 | €330,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,335,714 | -€1,733,090 | -€397,375 | -29.8% |
| Amounts payable | 17/49 | €2,796,882 | €2,856,479 | +€59,597 | +2.1% |
| Amounts payable after more than one year | 17 | €1,029,916 | €270,858 | -€759,058 | -73.7% |
| Financial debts | 170/4 | €814,916 | €270,858 | -€544,058 | -66.8% |
| Other amounts payable | 178/9 | €215,000 | €0 | -€215,000 | -100.0% |
| Amounts payable within one year | 42/48 | €1,742,059 | €2,579,762 | +€837,703 | +48.1% |
| Current portion of amounts payable after more than one year | 42 | €91,434 | €87,384 | -€4,051 | -4.4% |
| Financial debts | 43 | €528,049 | €264,936 | -€263,113 | -49.8% |
| Credit institutions | 430/8 | €528,049 | €264,936 | -€263,113 | -49.8% |
| Trade debts | 44 | €594,354 | €447,314 | -€147,040 | -24.7% |
| Suppliers | 440/4 | €594,354 | €447,314 | -€147,040 | -24.7% |
| Advances received on contracts in progress | 46 | €44,353 | €28,886 | -€15,467 | -34.9% |
| Taxes, remuneration and social security | 45 | €374,480 | €380,924 | +€6,443 | +1.7% |
| Taxes | 450/3 | €125,633 | €143,674 | +€18,041 | +14.4% |
| Remuneration and social security | 454/9 | €248,847 | €237,250 | -€11,597 | -4.7% |
| Other amounts payable | 47/48 | €109,388 | €1,370,319 | +€1.3m | +1152.7% |
| Accrued charges and deferred income | 492/3 | €24,907 | €5,859 | -€19,048 | -76.5% |
| Non-recurring operating income | 76A | €0 | €6,949 | +€6,949 | |
| Remuneration, social security and pensions | 62 | €1,235,963 | €386,881 | -€849,082 | -68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,851 | €35,027 | -€97,824 | -73.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33,024 | -€2,430 | -€35,454 | |
| Other operating charges | 640/8 | €5,830 | €3,717 | -€2,113 | -36.2% |
| Non-recurring operating charges | 66A | €7,034 | €134,589 | +€127,554 | +1813.3% |
| Gross operating margin | 9900 | €1,506,520 | €203,749 | -€1.3m | -86.5% |
| Operating profit (loss) | 9901 | €91,817 | -€354,035 | -€445,852 | |
| Financial income | 75/76B | €4,058 | €46,978 | +€42,919 | +1057.6% |
| Recurring financial income | 75 | €4,058 | €46,978 | +€42,919 | +1057.6% |
| Financial charges | 65/66B | €159,595 | €89,818 | -€69,777 | -43.7% |
| Recurring financial charges | 65 | €159,595 | €89,818 | -€69,777 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | -€63,719 | -€396,875 | -€333,156 | -522.9% |
| Income taxes | 67/77 | €1,709 | €500 | -€1,209 | -70.7% |
| Profit (loss) for the period | 9904 | -€65,428 | -€397,375 | -€331,947 | -507.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,428 | -€397,375 | -€331,947 | -507.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.