DECORENO FRERE: 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.
DECORENO FRERE
Largest movements
- Receivables within one year +€19,641
up €19,641 (+10.5%), from €186,639 to €206,279
of which Trade receivables: +€24,703
- Tangible fixed assets +€18,874
up €18,874 (+35.1%), from €53,844 to €72,718
of which Furniture and vehicles: +€37,674
- Cash +€8,982
up €8,982 (+21.3%), from €42,225 to €51,207
mainly Trade debts (+€35,669) and Depreciation (+€25,113)
- Trade debts +€35,669
up €35,669 (+88.9%), from €40,123 to €75,792
- Tax, wage and social debts +€18,273
up €18,273 (+41.6%), from €43,938 to €62,212
of which Taxes: +€15,273
- Current portion of long-term debt -€13,887
no longer reported in 2024 (was €13,887)
- Profit (loss) carried forward +€3,524
up €3,524 (+2.6%), from -€135,859 to -€132,336
- Gross operating margin -€15,463
down €15,463 (-13.0%), from €118,970 to €103,507
- Staff costs +€8,234
up €8,234 (+16.5%), from €49,933 to €58,167
- Depreciation -€2,716
down €2,716 (-9.8%), from €27,829 to €25,113
- Taxes +€1,557
up €1,557 (+13.8%), from €11,276 to €12,832
From the 2023 result to the 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,273 | €338,280 | +€45,007 | +15.3% |
| Fixed assets | 21/28 | €57,259 | €76,133 | +€18,874 | +33.0% |
| Tangible fixed assets | 22/27 | €53,844 | €72,718 | +€18,874 | +35.1% |
| Plant, machinery and equipment | 23 | €4,087 | €3,727 | -€361 | -8.8% |
| Furniture and vehicles | 24 | €690 | €38,364 | +€37,674 | +5462.2% |
| Leasing and similar rights | 25 | €26,901 | €9,513 | -€17,388 | -64.6% |
| Other tangible fixed assets | 26 | €22,167 | €21,115 | -€1,052 | -4.7% |
| Financial fixed assets | 28 | €3,415 | €3,415 | = | 0.0% |
| Current assets | 29/58 | €236,014 | €262,147 | +€26,133 | +11.1% |
| Amounts receivable within one year | 40/41 | €186,639 | €206,279 | +€19,641 | +10.5% |
| Trade receivables | 40 | €181,524 | €206,227 | +€24,703 | +13.6% |
| Other amounts receivable | 41 | €5,115 | €53 | -€5,062 | -99.0% |
| Cash at bank and in hand | 54/58 | €42,225 | €51,207 | +€8,982 | +21.3% |
| Deferred charges and accrued income | 490/1 | €7,150 | €4,661 | -€2,489 | -34.8% |
| Total equity and liabilities | 10/49 | €293,273 | €338,280 | +€45,007 | +15.3% |
| Equity | 10/15 | -€121,599 | -€118,076 | +€3,524 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,859 | -€132,336 | +€3,524 | +2.6% |
| Amounts payable | 17/49 | €414,872 | €456,356 | +€41,484 | +10.0% |
| Amounts payable after more than one year | 17 | €10,846 | €10,846 | = | 0.0% |
| Financial debts | 170/4 | €10,846 | €10,846 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,948 | €139,555 | +€41,607 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €13,887 | - | -€13,887 | |
| Trade debts | 44 | €40,123 | €75,792 | +€35,669 | +88.9% |
| Suppliers | 440/4 | €40,123 | €75,792 | +€35,669 | +88.9% |
| Taxes, remuneration and social security | 45 | €43,938 | €62,212 | +€18,273 | +41.6% |
| Taxes | 450/3 | €34,109 | €49,382 | +€15,273 | +44.8% |
| Remuneration and social security | 454/9 | €9,829 | €12,829 | +€3,000 | +30.5% |
| Other amounts payable | 47/48 | - | €1,551 | +€1,551 | |
| Accrued charges and deferred income | 492/3 | €306,078 | €305,955 | -€123 | 0.0% |
| Remuneration, social security and pensions | 62 | €49,933 | €58,167 | +€8,234 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,829 | €25,113 | -€2,716 | -9.8% |
| Other operating charges | 640/8 | €4,239 | €3,540 | -€699 | -16.5% |
| Gross operating margin | 9900 | €118,970 | €103,507 | -€15,463 | -13.0% |
| Operating profit (loss) | 9901 | €36,969 | €16,688 | -€20,282 | -54.9% |
| Financial income | 75/76B | €164 | €385 | +€221 | +135.3% |
| Recurring financial income | 75 | €164 | €385 | +€221 | +135.3% |
| Financial charges | 65/66B | €898 | €717 | -€182 | -20.2% |
| Recurring financial charges | 65 | €898 | €717 | -€182 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €36,235 | €16,356 | -€19,879 | -54.9% |
| Income taxes | 67/77 | €11,276 | €12,832 | +€1,557 | +13.8% |
| Profit (loss) for the period | 9904 | €24,959 | €3,524 | -€21,435 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,959 | €3,524 | -€21,435 | -85.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.