DECORTE GRAPHICS: 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.
DECORTE GRAPHICS
Largest movements
- Cash +€129,423
up €129,423 (+150.9%), from €85,768 to €215,191
mainly Net result for the year (+€86,741) and Receivables after one year (+€63,187)
- Receivables after one year -€63,187
down €63,187 (-18.1%), from €350,000 to €286,813
- Receivables within one year -€12,049
down €12,049 (-7.0%), from €171,022 to €158,973
of which Trade receivables: -€32,776
- Reserves +€86,967
up €86,967 (+14.7%), from €592,681 to €679,648
of which Distributable reserves: +€86,967
- Trade debts -€18,286
down €18,286 (-11.0%), from €165,615 to €147,328
- Gross operating margin -€54,725
down €54,725 (-17.3%), from €316,167 to €261,443
- Staff costs -€11,697
down €11,697 (-7.9%), from €148,528 to €136,831
- Taxes -€10,838
down €10,838 (-20.1%), from €53,943 to €43,105
- Financial charges -€8,291
down €8,291 (-41.6%), from €19,923 to €11,633
- Financial income +€3,337
up €3,337 (+14.0%), from €23,900 to €27,237
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 | €882,204 | €943,016 | +€60,812 | +6.9% |
| Fixed assets | 21/28 | €52,025 | €47,600 | -€4,425 | -8.5% |
| Tangible fixed assets | 22/27 | €52,025 | €47,600 | -€4,425 | -8.5% |
| Plant, machinery and equipment | 23 | €3,456 | €3,745 | +€289 | +8.4% |
| Furniture and vehicles | 24 | €13,579 | €12,479 | -€1,100 | -8.1% |
| Other tangible fixed assets | 26 | €34,990 | €31,376 | -€3,614 | -10.3% |
| Current assets | 29/58 | €830,179 | €895,417 | +€65,238 | +7.9% |
| Amounts receivable after more than one year | 29 | €350,000 | €286,813 | -€63,187 | -18.1% |
| Other amounts receivable | 291 | €350,000 | €286,813 | -€63,187 | -18.1% |
| Stocks and contracts in progress | 3 | €218,650 | €227,495 | +€8,845 | +4.0% |
| Stocks | 30/36 | €218,650 | €227,495 | +€8,845 | +4.0% |
| Amounts receivable within one year | 40/41 | €171,022 | €158,973 | -€12,049 | -7.0% |
| Trade receivables | 40 | €154,883 | €122,107 | -€32,776 | -21.2% |
| Other amounts receivable | 41 | €16,140 | €36,866 | +€20,726 | +128.4% |
| Cash at bank and in hand | 54/58 | €85,768 | €215,191 | +€129,423 | +150.9% |
| Deferred charges and accrued income | 490/1 | €4,740 | €6,946 | +€2,206 | +46.6% |
| Total equity and liabilities | 10/49 | €882,204 | €943,016 | +€60,812 | +6.9% |
| Equity | 10/15 | €699,158 | €785,898 | +€86,741 | +12.4% |
| Contributions | 10/11 | €106,250 | €106,250 | = | 0.0% |
| Capital | 10 | €106,250 | €106,250 | = | 0.0% |
| Issued capital | 100 | €106,250 | €106,250 | = | 0.0% |
| Reserves | 13 | €592,681 | €679,648 | +€86,967 | +14.7% |
| Non-distributable reserves | 130/1 | €10,625 | €10,625 | = | 0.0% |
| Legal reserve | 130 | €10,625 | €10,625 | = | 0.0% |
| Tax-exempt reserves | 132 | €521 | €521 | = | 0.0% |
| Distributable reserves | 133 | €581,535 | €668,503 | +€86,967 | +15.0% |
| Profit (loss) carried forward | 14 | €227 | - | -€227 | |
| Amounts payable | 17/49 | €183,046 | €157,118 | -€25,929 | -14.2% |
| Amounts payable within one year | 42/48 | €183,046 | €157,118 | -€25,929 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €1,271 | - | -€1,271 | |
| Financial debts | 43 | €2,772 | - | -€2,772 | |
| Credit institutions | 430/8 | €2,772 | - | -€2,772 | |
| Trade debts | 44 | €165,615 | €147,328 | -€18,286 | -11.0% |
| Suppliers | 440/4 | €165,615 | €147,328 | -€18,286 | -11.0% |
| Taxes, remuneration and social security | 45 | €13,380 | €9,789 | -€3,591 | -26.8% |
| Taxes | 450/3 | €90 | €3,509 | +€3,419 | +3800.0% |
| Remuneration and social security | 454/9 | €13,290 | €6,280 | -€7,010 | -52.7% |
| Other amounts payable | 47/48 | €9 | - | -€9 | |
| Remuneration, social security and pensions | 62 | €148,528 | €136,831 | -€11,697 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,797 | €8,525 | +€2,728 | +47.1% |
| Other operating charges | 640/8 | €2,555 | €1,845 | -€710 | -27.8% |
| Gross operating margin | 9900 | €316,167 | €261,443 | -€54,725 | -17.3% |
| Operating profit (loss) | 9901 | €159,287 | €114,241 | -€45,046 | -28.3% |
| Financial income | 75/76B | €23,900 | €27,237 | +€3,337 | +14.0% |
| Recurring financial income | 75 | €23,900 | €27,237 | +€3,337 | +14.0% |
| Financial charges | 65/66B | €19,923 | €11,633 | -€8,291 | -41.6% |
| Recurring financial charges | 65 | €19,923 | €11,633 | -€8,291 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €163,263 | €129,845 | -€33,418 | -20.5% |
| Income taxes | 67/77 | €53,943 | €43,105 | -€10,838 | -20.1% |
| Profit (loss) for the period | 9904 | €109,320 | €86,741 | -€22,580 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €109,320 | €86,741 | -€22,580 | -20.7% |
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 1 October 2026 via checked.be.