DECORIT: 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.
DECORIT
Largest movements
- Current investments +€100,000
new in 2024: €100,000
- Cash -€54,839
down €54,839 (-9.2%), from €593,571 to €538,732
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€57,517)
- Stocks and contracts -€54,142
down €54,142 (-10.6%), from €512,185 to €458,043
- Tangible fixed assets +€46,590
up €46,590 (+689%), from €6,763 to €53,354
of which Furniture and vehicles: +€49,499
- Receivables within one year -€30,728
down €30,728 (-7.8%), from €395,714 to €364,986
- Provisions -€55,949
down €55,949 (-100%), from €55,949 to €0
- Profit (loss) carried forward +€35,197
up €35,197, from -€35,197 to €0
- Other debts -€32,083
down €32,083 (-3.7%), from €868,133 to €836,050
- Accrued charges and deferred income +€31,584
new in 2024: €31,584
- Tax, wage and social debts +€19,147
up €19,147 (+94.6%), from €20,232 to €39,378
of which Taxes: +€24,163
- Provisions -€55,949
new in 2024: -€55,949
- Staff costs -€54,552
down €54,552 (-30.2%), from €180,712 to €126,161
- Write-downs +€53,774
up €53,774, from -€33,216 to €20,558
- Other operating charges -€30,328
down €30,328 (-81.2%), from €37,348 to €7,020
- Gross operating margin -€25,684
down €25,684 (-10.1%), from €253,186 to €227,502
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.
Derived cash bridge
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 | €1,510,351 | €1,518,890 | +€8,539 | +0.6% |
| Fixed assets | 21/28 | €6,923 | €53,514 | +€46,590 | +673% |
| Tangible fixed assets | 22/27 | €6,763 | €53,354 | +€46,590 | +689% |
| Land and buildings | 22 | €390 | €330 | -€60 | -15.4% |
| Plant, machinery and equipment | 23 | €5,803 | €2,954 | -€2,849 | -49.1% |
| Furniture and vehicles | 24 | €570 | €50,069 | +€49,499 | +8,682% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €1,503,428 | €1,465,377 | -€38,051 | -2.5% |
| Stocks and contracts in progress | 3 | €512,185 | €458,043 | -€54,142 | -10.6% |
| Stocks | 30/36 | €512,185 | €458,043 | -€54,142 | -10.6% |
| Amounts receivable within one year | 40/41 | €395,714 | €364,986 | -€30,728 | -7.8% |
| Trade receivables | 40 | €395,714 | €364,986 | -€30,728 | -7.8% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €593,571 | €538,732 | -€54,839 | -9.2% |
| Deferred charges and accrued income | 490/1 | €1,958 | €3,616 | +€1,658 | +84.7% |
| Total equity and liabilities | 10/49 | €1,510,351 | €1,518,890 | +€8,539 | +0.6% |
| Equity | 10/15 | €516,102 | €565,085 | +€48,983 | +9.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €476,298 | €490,085 | +€13,787 | +2.9% |
| Non-distributable reserves | 130/1 | €120,900 | €120,900 | = | 0.0% |
| Legal reserve | 130 | €120,900 | €120,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,099 | €7,099 | = | 0.0% |
| Distributable reserves | 133 | €348,299 | €362,086 | +€13,787 | +4.0% |
| Profit (loss) carried forward | 14 | -€35,197 | €0 | +€35,197 | |
| Provisions and deferred taxes | 16 | €55,949 | €0 | -€55,949 | -100% |
| Provisions for liabilities and charges | 160/5 | €55,949 | €0 | -€55,949 | -100% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €55,949 | €0 | -€55,949 | -100% |
| Amounts payable | 17/49 | €938,300 | €953,806 | +€15,505 | +1.7% |
| Amounts payable within one year | 42/48 | €938,300 | €922,222 | -€16,079 | -1.7% |
| Trade debts | 44 | €49,936 | €46,793 | -€3,142 | -6.3% |
| Suppliers | 440/4 | €49,936 | €46,793 | -€3,142 | -6.3% |
| Taxes, remuneration and social security | 45 | €20,232 | €39,378 | +€19,147 | +94.6% |
| Taxes | 450/3 | €3,484 | €27,647 | +€24,163 | +694% |
| Remuneration and social security | 454/9 | €16,748 | €11,731 | -€5,016 | -30.0% |
| Other amounts payable | 47/48 | €868,133 | €836,050 | -€32,083 | -3.7% |
| Accrued charges and deferred income | 492/3 | - | €31,584 | +€31,584 | |
| Non-recurring operating income | 76A | €14,180 | €0 | -€14,180 | -100% |
| Remuneration, social security and pensions | 62 | €180,712 | €126,161 | -€54,552 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,299 | €10,926 | -€6,373 | -36.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€33,216 | €20,558 | +€53,774 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€55,949 | -€55,949 | |
| Other operating charges | 640/8 | €37,348 | €7,020 | -€30,328 | -81.2% |
| Non-recurring operating charges | 66A | €42,647 | €55,949 | +€13,302 | +31.2% |
| Gross operating margin | 9900 | €253,186 | €227,502 | -€25,684 | -10.1% |
| Operating profit (loss) | 9901 | €8,395 | €62,837 | +€54,442 | +649% |
| Financial income | 75/76B | €5,551 | €7,746 | +€2,194 | +39.5% |
| Recurring financial income | 75 | €5,551 | €7,746 | +€2,194 | +39.5% |
| Financial charges | 65/66B | €3,738 | €3,814 | +€76 | +2.0% |
| Recurring financial charges | 65 | €3,738 | €3,814 | +€76 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €10,208 | €66,768 | +€56,560 | +554% |
| Income taxes | 67/77 | €3,658 | €17,785 | +€14,127 | +386% |
| Profit (loss) for the period | 9904 | €6,549 | €48,983 | +€42,434 | +648% |
| Profit (loss) for the period to be appropriated | 9905 | €6,549 | €48,983 | +€42,434 | +648% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.