DECOREX: 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.
DECOREX
Largest movements
- Cash -€62,404
down €62,404 (-12.6%), from €493,532 to €431,128
mainly Trade debts (-€315,478) and Contributions, distributions and other (-€120,000)
- Current investments +€51,979
up €51,979 (+52.0%), from €100,000 to €151,979
- Deferred charges and accrued income -€40,339
down €40,339 (-71.1%), from €56,744 to €16,405
- Receivables within one year +€24,881
up €24,881 (+23.3%), from €106,844 to €131,725
of which Trade receivables: +€24,720
- Trade debts -€315,478
down €315,478 (-72.2%), from €436,722 to €121,244
- Accrued charges and deferred income +€148,290
up €148,290 (+2530549.3%), from €6 to €148,296
- Other debts +€120,179
up €120,179, from €0 to €120,179
- Tax, wage and social debts +€16,611
up €16,611 (+475.1%), from €3,496 to €20,108
of which Taxes: +€15,352
- Financial charges -€91,373
down €91,373 (-93.4%), from €97,832 to €6,459
- Gross operating margin +€67,517
up €67,517 (+73.2%), from €92,234 to €159,752
- Staff costs +€23,692
up €23,692 (+5617.2%), from €422 to €24,113
- Financial income -€10,316
down €10,316 (-79.5%), from €12,972 to €2,656
- Taxes +€1,969
up €1,969 (+180.9%), from €1,089 to €3,058
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.
Cash bridge derived
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 | €757,120 | €732,203 | -€24,917 | -3.3% |
| Fixed assets | 21/28 | €0 | €966 | +€966 | |
| Tangible fixed assets | 22/27 | €0 | €966 | +€966 | |
| Furniture and vehicles | 24 | €0 | €966 | +€966 | |
| Current assets | 29/58 | €757,120 | €731,237 | -€25,883 | -3.4% |
| Amounts receivable within one year | 40/41 | €106,844 | €131,725 | +€24,881 | +23.3% |
| Trade receivables | 40 | €101,227 | €125,947 | +€24,720 | +24.4% |
| Other amounts receivable | 41 | €5,617 | €5,778 | +€161 | +2.9% |
| Current investments | 50/53 | €100,000 | €151,979 | +€51,979 | +52.0% |
| Cash at bank and in hand | 54/58 | €493,532 | €431,128 | -€62,404 | -12.6% |
| Deferred charges and accrued income | 490/1 | €56,744 | €16,405 | -€40,339 | -71.1% |
| Total equity and liabilities | 10/49 | €757,120 | €732,203 | -€24,917 | -3.3% |
| Equity | 10/15 | €316,896 | €322,376 | +€5,480 | +1.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €291,896 | €297,376 | +€5,480 | +1.9% |
| Non-distributable reserves | 130/1 | €2,546 | €2,546 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,546 | €2,546 | = | 0.0% |
| Distributable reserves | 133 | €289,350 | €294,830 | +€5,480 | +1.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €440,225 | €409,827 | -€30,398 | -6.9% |
| Amounts payable within one year | 42/48 | €440,219 | €261,531 | -€178,688 | -40.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €436,722 | €121,244 | -€315,478 | -72.2% |
| Suppliers | 440/4 | €436,722 | €121,244 | -€315,478 | -72.2% |
| Taxes, remuneration and social security | 45 | €3,496 | €20,108 | +€16,611 | +475.1% |
| Taxes | 450/3 | €3,496 | €18,849 | +€15,352 | +439.1% |
| Remuneration and social security | 454/9 | €0 | €1,259 | +€1,259 | |
| Other amounts payable | 47/48 | €0 | €120,179 | +€120,179 | |
| Accrued charges and deferred income | 492/3 | €6 | €148,296 | +€148,290 | +2530549.3% |
| Remuneration, social security and pensions | 62 | €422 | €24,113 | +€23,692 | +5617.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310 | €343 | +€33 | +10.7% |
| Other operating charges | 640/8 | €3,651 | €2,954 | -€697 | -19.1% |
| Gross operating margin | 9900 | €92,234 | €159,752 | +€67,517 | +73.2% |
| Operating profit (loss) | 9901 | €87,851 | €132,341 | +€44,490 | +50.6% |
| Financial income | 75/76B | €12,972 | €2,656 | -€10,316 | -79.5% |
| Recurring financial income | 75 | €12,972 | €2,656 | -€10,316 | -79.5% |
| Financial charges | 65/66B | €97,832 | €6,459 | -€91,373 | -93.4% |
| Recurring financial charges | 65 | €97,832 | €6,459 | -€91,373 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | €2,992 | €128,539 | +€125,547 | +4196.7% |
| Income taxes | 67/77 | €1,089 | €3,058 | +€1,969 | +180.9% |
| Profit (loss) for the period | 9904 | €1,903 | €125,480 | +€123,578 | +6494.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,903 | €125,480 | +€123,578 | +6494.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.