DéCORWOOD: 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.
DéCORWOOD
Largest movements
- Receivables within one year -€17,095
down €17,095 (-3.7%), from €464,061 to €446,966
of which Other amounts receivable: -€41,346
- Tangible fixed assets -€16,211
down €16,211 (-52.2%), from €31,045 to €14,834
of which Furniture and vehicles: -€11,602
- Cash -€15,706
down €15,706 (-65.6%), from €23,949 to €8,243
mainly Trade debts (-€102,078) and Contributions, distributions and other (-€57,500)
- Deferred charges and accrued income +€13,916
up €13,916 (+147%), from €9,489 to €23,405
- Trade debts -€102,078
down €102,078 (-32.5%), from €314,257 to €212,179
- Profit (loss) carried forward +€29,024
up €29,024 (+27.1%), from €107,059 to €136,083
- Tax, wage and social debts +€26,766
up €26,766 (+40.4%), from €66,259 to €93,026
of which Taxes: +€18,473
- Short-term financial debts +€9,999
new in 2024: €9,999
- Turnover +€137,360
up €137,360 (+14.9%), from €920,761 to €1.1m
- Gross operating margin +€72,012
up €72,012 (+48.9%), from €147,355 to €219,367
- Purchases and services +€47,958
up €47,958 (+6.0%), from €801,443 to €849,401
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 | €553,451 | €518,355 | -€35,096 | -6.3% |
| Fixed assets | 21/28 | €55,951 | €39,740 | -€16,211 | -29.0% |
| Tangible fixed assets | 22/27 | €31,045 | €14,834 | -€16,211 | -52.2% |
| Plant, machinery and equipment | 23 | €9,219 | €4,610 | -€4,609 | -50.0% |
| Furniture and vehicles | 24 | €21,826 | €10,224 | -€11,602 | -53.2% |
| Financial fixed assets | 28 | €24,906 | €24,906 | = | 0.0% |
| Current assets | 29/58 | €497,499 | €478,615 | -€18,885 | -3.8% |
| Amounts receivable within one year | 40/41 | €464,061 | €446,966 | -€17,095 | -3.7% |
| Trade receivables | 40 | €356,836 | €381,087 | +€24,252 | +6.8% |
| Other amounts receivable | 41 | €107,225 | €65,879 | -€41,346 | -38.6% |
| Cash at bank and in hand | 54/58 | €23,949 | €8,243 | -€15,706 | -65.6% |
| Deferred charges and accrued income | 490/1 | €9,489 | €23,405 | +€13,916 | +147% |
| Total equity and liabilities | 10/49 | €553,451 | €518,355 | -€35,096 | -6.3% |
| Equity | 10/15 | €111,093 | €140,116 | +€29,024 | +26.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,033 | €1,033 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,033 | €1,033 | = | 0.0% |
| Legal reserve | 130 | €1,033 | €1,033 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,059 | €136,083 | +€29,024 | +27.1% |
| Provisions and deferred taxes | 16 | €54,000 | €54,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €54,000 | €54,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €54,000 | €54,000 | = | 0.0% |
| Amounts payable | 17/49 | €388,358 | €324,238 | -€64,120 | -16.5% |
| Amounts payable within one year | 42/48 | €388,358 | €324,238 | -€64,120 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €5,512 | €1,645 | -€3,867 | -70.2% |
| Financial debts | 43 | - | €9,999 | +€9,999 | |
| Credit institutions | 430/8 | - | €9,999 | +€9,999 | |
| Trade debts | 44 | €314,257 | €212,179 | -€102,078 | -32.5% |
| Suppliers | 440/4 | €314,257 | €212,179 | -€102,078 | -32.5% |
| Taxes, remuneration and social security | 45 | €66,259 | €93,026 | +€26,766 | +40.4% |
| Taxes | 450/3 | €19,872 | €38,345 | +€18,473 | +93.0% |
| Remuneration and social security | 454/9 | €46,387 | €54,680 | +€8,293 | +17.9% |
| Other amounts payable | 47/48 | €2,330 | €7,390 | +€5,060 | +217% |
| Turnover | 70 | €920,761 | €1,058,120 | +€137,360 | +14.9% |
| Non-recurring operating income | 76A | €28,038 | - | -€28,038 | |
| Goods, raw materials, services and sundry goods | 60/61 | €801,443 | €849,401 | +€47,958 | +6.0% |
| Remuneration, social security and pensions | 62 | €91,505 | €98,358 | +€6,854 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,318 | €24,004 | +€686 | +2.9% |
| Other operating charges | 640/8 | €4,218 | €6,624 | +€2,405 | +57.0% |
| Gross operating margin | 9900 | €147,355 | €219,367 | +€72,012 | +48.9% |
| Operating profit (loss) | 9901 | €28,314 | €90,381 | +€62,067 | +219% |
| Financial income | 75/76B | €73 | €0 | -€73 | -99.8% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -99.8% |
| Financial charges | 65/66B | €2,311 | €3,855 | +€1,544 | +66.8% |
| Recurring financial charges | 65 | €2,311 | €3,855 | +€1,544 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | €26,076 | €86,526 | +€60,450 | +232% |
| Transfer to deferred taxes | 680 | - | €2 | +€2 | |
| Income taxes | 67/77 | €8,490 | - | -€8,490 | |
| Profit (loss) for the period | 9904 | €17,586 | €86,524 | +€68,937 | +392% |
| Profit (loss) for the period to be appropriated | 9905 | €17,586 | €86,524 | +€68,937 | +392% |
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 23 October 2026 via checked.be.