Decorex Belgium: 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.
Decorex Belgium
Largest movements
- Tangible fixed assets +€32,036
up €32,036 (+135%), from €23,711 to €55,747
of which Furniture and vehicles: +€35,955
- Receivables within one year +€4,703
up €4,703 (+38.6%), from €12,184 to €16,887
of which Trade receivables: +€5,877
- Cash -€2,528
down €2,528 (-100%), from €2,528 to €0
mainly Investment in fixed assets (net) (-€54,054) and Receivables within one year (-€4,703)
- Debts after one year +€19,487
up €19,487 (+999%), from €1,950 to €21,437
- Current portion of long-term debt +€5,992
up €5,992 (+104%), from €5,778 to €11,770
- Other debts +€4,789
up €4,789 (+1,237%), from €387 to €5,176
- Profit (loss) carried forward +€3,450
up €3,450 (+78.4%), from €4,399 to €7,849
- Tax, wage and social debts +€3,351
up €3,351 (+142%), from €2,356 to €5,707
of which Taxes: +€2,668
- Gross operating margin +€11,412
up €11,412 (+57.7%), from €19,765 to €31,178
- Depreciation +€9,976
up €9,976 (+82.8%), from €12,042 to €22,018
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 | €40,465 | €74,616 | +€34,150 | +84.4% |
| Fixed assets | 21/28 | €23,711 | €55,747 | +€32,036 | +135% |
| Tangible fixed assets | 22/27 | €23,711 | €55,747 | +€32,036 | +135% |
| Plant, machinery and equipment | 23 | €12,685 | €8,766 | -€3,919 | -30.9% |
| Furniture and vehicles | 24 | €11,026 | €46,981 | +€35,955 | +326% |
| Current assets | 29/58 | €16,754 | €18,868 | +€2,114 | +12.6% |
| Amounts receivable within one year | 40/41 | €12,184 | €16,887 | +€4,703 | +38.6% |
| Trade receivables | 40 | €6,441 | €12,318 | +€5,877 | +91.2% |
| Other amounts receivable | 41 | €5,743 | €4,569 | -€1,174 | -20.4% |
| Cash at bank and in hand | 54/58 | €2,528 | €0 | -€2,528 | -100% |
| Deferred charges and accrued income | 490/1 | €2,041 | €1,981 | -€60 | -2.9% |
| Total equity and liabilities | 10/49 | €40,465 | €74,616 | +€34,150 | +84.4% |
| Equity | 10/15 | €22,743 | €26,193 | +€3,450 | +15.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €17,845 | €17,845 | = | 0.0% |
| Distributable reserves | 133 | €17,845 | €17,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,399 | €7,849 | +€3,450 | +78.4% |
| Amounts payable | 17/49 | €17,722 | €48,422 | +€30,700 | +173% |
| Amounts payable after more than one year | 17 | €1,950 | €21,437 | +€19,487 | +999% |
| Financial debts | 170/4 | €1,950 | €21,437 | +€19,487 | +999% |
| Amounts payable within one year | 42/48 | €15,772 | €26,985 | +€11,214 | +71.1% |
| Current portion of amounts payable after more than one year | 42 | €5,778 | €11,770 | +€5,992 | +104% |
| Trade debts | 44 | €7,250 | €4,332 | -€2,918 | -40.2% |
| Suppliers | 440/4 | €7,250 | €4,332 | -€2,918 | -40.2% |
| Taxes, remuneration and social security | 45 | €2,356 | €5,707 | +€3,351 | +142% |
| Taxes | 450/3 | €2,356 | €5,024 | +€2,668 | +113% |
| Remuneration and social security | 454/9 | - | €683 | +€683 | |
| Other amounts payable | 47/48 | €387 | €5,176 | +€4,789 | +1,237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,042 | €22,018 | +€9,976 | +82.8% |
| Other operating charges | 640/8 | €844 | €969 | +€125 | +14.8% |
| Gross operating margin | 9900 | €19,765 | €31,178 | +€11,412 | +57.7% |
| Operating profit (loss) | 9901 | €6,879 | €8,191 | +€1,311 | +19.1% |
| Financial income | 75/76B | €184 | €71 | -€112 | -61.1% |
| Recurring financial income | 75 | €184 | €71 | -€112 | -61.1% |
| Financial charges | 65/66B | €3,501 | €3,501 | +€1 | 0.0% |
| Recurring financial charges | 65 | €3,501 | €3,501 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,562 | €4,760 | +€1,198 | +33.6% |
| Income taxes | 67/77 | €1,113 | €1,310 | +€198 | +17.8% |
| Profit (loss) for the period | 9904 | €2,449 | €3,450 | +€1,001 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,449 | €3,450 | +€1,001 | +40.9% |
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 31 October 2026 via checked.be.