DECORATION VINCENT: what changed
What changed
DECORATION VINCENT
NACE 43.333, Wallpapering and laying of floor and wall coverings in other materials
filed annual accounts (NBB)
Net result for the year
€406,516
2023 · €144,289+€262,227
Equity
€1.8m
2023 · €1.8m+€1,516
Cash
€329,646
2023 · €208,171+€121,476
Balance sheet total
€4.5m
2023 · €3.9m+€592,719
Largest movements
Assets
- Tangible fixed assets +€507,397
up €507,397 (+21.0%), from €2.4m to €2.9m
of which Land and buildings: +€486,519
- Current investments -€175,000
down €175,000 (-50.0%), from €350,000 to €175,000
- Receivables within one year +€140,737
up €140,737 (+16.2%), from €869,079 to €1.0m
of which Trade receivables: +€94,469
- Cash +€121,476
up €121,476 (+58.4%), from €208,171 to €329,646
mainly Net result for the year (+€406,516) and Trade debts (+€324,699)
Equity and liabilities
- Trade debts +€324,699
up €324,699 (+264%), from €122,836 to €447,535
- Debts after one year +€308,615
up €308,615 (+23.2%), from €1.3m to €1.6m
of which Financial debts: +€307,015
- Tax, wage and social debts -€66,039
down €66,039 (-79.0%), from €83,592 to €17,553
of which Taxes: -€57,961
- Current portion of long-term debt +€54,643
up €54,643 (+36.3%), from €150,363 to €205,006
Income statement
- Gross operating margin +€217,581
up €217,581 (+21.7%), from €1.0m to €1.2m
- Depreciation -€34,239
down €34,239 (-11.1%), from €308,232 to €273,993
- Financial charges +€17,762
up €17,762 (+62.2%), from €28,571 to €46,333
- Taxes -€14,626
down €14,626 (-54.9%), from €26,618 to €11,992
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€144,289
Gross operating margin
+€217,581
Staff costs
+€3,468
Depreciation
+€34,239
Other operating charges
+€2,481
Financial income
+€7,562
Financial charges
-€17,762
Taxes
+€14,626
Deferred taxes and other
+€32
Result 2024
€406,516
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€768,263
Investment
-€604,985
Financing
-€41,802
Cash 2023
€208,171
From operations (derived)
+€768,263
Net result for the year
+€406,516
Depreciation
+€273,993
Stocks and contracts
+€2,376
Receivables within one year
-€140,737
Smaller working-capital items
-€2,758
Trade debts
+€324,699
Tax, wage and social debts
-€66,039
Other debts
-€29,786
Investment (derived)
-€604,985
Investment in fixed assets (net)
-€779,985
Current investments
+€175,000
Financing
-€41,802
Debts after one year
+€308,615
Current portion of long-term debt
+€54,643
Short-term financial debts
-€60
Contributions, distributions and other
-€405,000
Cash 2024
€329,646
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,901,198 | €4,493,917 | +€592,719 | +15.2% |
| Fixed assets | 21/28 | €2,420,733 | €2,926,726 | +€505,993 | +20.9% |
| Intangible fixed assets | 21 | €2,084 | €679 | -€1,405 | -67.4% |
| Tangible fixed assets | 22/27 | €2,418,650 | €2,926,047 | +€507,397 | +21.0% |
| Land and buildings | 22 | €2,129,406 | €2,615,925 | +€486,519 | +22.8% |
| Plant, machinery and equipment | 23 | €277,105 | €261,443 | -€15,662 | -5.7% |
| Furniture and vehicles | 24 | €12,138 | €9,959 | -€2,180 | -18.0% |
| Leasing and similar rights | 25 | - | €26,720 | +€26,720 | |
| Other tangible fixed assets | 26 | - | €12,000 | +€12,000 | |
| Current assets | 29/58 | €1,480,465 | €1,567,191 | +€86,726 | +5.9% |
| Amounts receivable after more than one year | 29 | €8,100 | €8,100 | = | 0.0% |
| Trade receivables | 290 | €8,100 | €8,100 | = | 0.0% |
| Stocks and contracts in progress | 3 | €36,345 | €33,970 | -€2,376 | -6.5% |
| Stocks | 30/36 | €36,345 | €33,970 | -€2,376 | -6.5% |
| Amounts receivable within one year | 40/41 | €869,079 | €1,009,816 | +€140,737 | +16.2% |
| Trade receivables | 40 | €141,563 | €236,032 | +€94,469 | +66.7% |
| Other amounts receivable | 41 | €727,516 | €773,784 | +€46,269 | +6.4% |
| Current investments | 50/53 | €350,000 | €175,000 | -€175,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €208,171 | €329,646 | +€121,476 | +58.4% |
| Deferred charges and accrued income | 490/1 | €8,770 | €10,659 | +€1,889 | +21.5% |
| Total equity and liabilities | 10/49 | €3,901,198 | €4,493,917 | +€592,719 | +15.2% |
| Equity | 10/15 | €1,757,602 | €1,759,118 | +€1,516 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,050,610 | €1,048,002 | -€2,608 | -0.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,724 | €45,117 | -€2,608 | -5.5% |
| Distributable reserves | 133 | €996,685 | €996,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | €644,992 | €649,116 | +€4,124 | +0.6% |
| Provisions and deferred taxes | 16 | €15,908 | €15,039 | -€869 | -5.5% |
| Deferred taxes | 168 | €15,908 | €15,039 | -€869 | -5.5% |
| Amounts payable | 17/49 | €2,127,688 | €2,719,760 | +€592,071 | +27.8% |
| Amounts payable after more than one year | 17 | €1,331,924 | €1,640,540 | +€308,615 | +23.2% |
| Financial debts | 170/4 | €1,331,924 | €1,638,940 | +€307,015 | +23.1% |
| Other amounts payable | 178/9 | - | €1,600 | +€1,600 | |
| Amounts payable within one year | 42/48 | €795,764 | €1,079,220 | +€283,456 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €150,363 | €205,006 | +€54,643 | +36.3% |
| Financial debts | 43 | €298 | €238 | -€60 | -20.2% |
| Credit institutions | 430/8 | €298 | €238 | -€60 | -20.2% |
| Trade debts | 44 | €122,836 | €447,535 | +€324,699 | +264% |
| Suppliers | 440/4 | €122,836 | €447,535 | +€324,699 | +264% |
| Taxes, remuneration and social security | 45 | €83,592 | €17,553 | -€66,039 | -79.0% |
| Taxes | 450/3 | €58,866 | €905 | -€57,961 | -98.5% |
| Remuneration and social security | 454/9 | €24,726 | €16,648 | -€8,078 | -32.7% |
| Other amounts payable | 47/48 | €438,675 | €408,888 | -€29,786 | -6.8% |
| Non-recurring operating income | 76A | €662 | - | -€662 | |
| Remuneration, social security and pensions | 62 | €463,854 | €460,386 | -€3,468 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,232 | €273,993 | -€34,239 | -11.1% |
| Other operating charges | 640/8 | €33,149 | €30,668 | -€2,481 | -7.5% |
| Gross operating margin | 9900 | €1,000,681 | €1,218,262 | +€217,581 | +21.7% |
| Operating profit (loss) | 9901 | €195,446 | €453,215 | +€257,769 | +132% |
| Financial income | 75/76B | €3,196 | €10,758 | +€7,562 | +237% |
| Recurring financial income | 75 | €3,196 | €10,758 | +€7,562 | +237% |
| Financial charges | 65/66B | €28,571 | €46,333 | +€17,762 | +62.2% |
| Recurring financial charges | 65 | €28,571 | €46,333 | +€17,762 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | €170,071 | €417,639 | +€247,569 | +146% |
| Transfer from deferred taxes | 780 | €837 | €869 | +€32 | +3.8% |
| Income taxes | 67/77 | €26,618 | €11,992 | -€14,626 | -54.9% |
| Profit (loss) for the period | 9904 | €144,289 | €406,516 | +€262,227 | +182% |
| Transfer from tax-exempt reserves | 789 | €2,512 | €2,608 | +€96 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €146,801 | €409,124 | +€262,323 | +179% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.