DECOSPAN: 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.
What changed
DECOSPAN
NACE 16.281, Manufacture of other wood products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €6.5m-€5.4m
Equity
€54.4m
2024 · €53.3m+€1.1m
Cash
€3.6m
2024 · €2.9m+€679,922
Balance sheet total
€106.1m
2024 · €93.8m+€12.3m
Largest movements
Assets
- Stocks and contracts +€10.4m
up €10.4m (+27.4%), from €37.9m to €48.3m
- Receivables within one year +€6.8m
up €6.8m (+22.7%), from €30.0m to €36.8m
of which Other amounts receivable: +€3.6m
- Tangible fixed assets -€3.8m
down €3.8m (-19.6%), from €19.5m to €15.7m
of which Plant, machinery and equipment: -€3.6m
- Current investments -€1.4m
down €1.4m (-100.0%), from €1.4m to €0
Equity and liabilities
- Short-term financial debts +€7.8m
up €7.8m (+221.4%), from €3.5m to €11.3m
- Trade debts +€7.4m
up €7.4m (+105.9%), from €6.9m to €14.3m
- Debts after one year -€4.5m
down €4.5m (-21.3%), from €21.3m to €16.8m
- Reserves +€1.1m
up €1.1m (+2.1%), from €53.1m to €54.2m
of which Tax-exempt reserves: +€674,544
Income statement
- Turnover +€18.9m
up €18.9m (+13.0%), from €145.2m to €164.1m
- Goods and materials +€16.3m
up €16.3m (+19.5%), from €83.6m to €100.0m
of which Purchases: +€24.9m
- Services and other goods +€4.2m
up €4.2m (+12.7%), from €32.8m to €36.9m
- Staff costs +€2.9m
up €2.9m (+18.1%), from €16.1m to €19.0m
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.
Result 2024
€6.5m
Turnover
+€18.9m
Other operating income
-€309,610
Goods and materials
-€16.3m
Services and other goods
-€4.2m
Staff costs
-€2.9m
Depreciation
-€107,466
Other operating charges
+€2,682
Other operating items
+€337,324
Financial income
-€1.2m
Financial charges
-€851,237
Taxes
+€1.2m
Deferred taxes and other
+€49,318
Result 2025
€1.1m
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.
From operations
-€2.1m
Investment
-€677,540
Financing
+€3.5m
Cash 2024
€2.9m
From operations (derived)
-€2.1m
Net result for the year
+€1.1m
Depreciation
+€6.6m
Stocks and contracts
-€10.4m
Receivables within one year
-€6.8m
Deferred charges and accrued income
-€333,984
Provisions
-€119,489
Trade debts
+€7.4m
Tax, wage and social debts
+€665,883
Other debts
+€11,204
Accrued charges and deferred income
-€186,776
Investment (derived)
-€677,540
Investment in fixed assets (net)
-€2.1m
Current investments
+€1.4m
Financing
+€3.5m
Debts after one year
-€4.5m
Current portion of long-term debt
+€284,024
Short-term financial debts
+€7.8m
Cash 2025
€3.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,752,565 | €106,072,843 | +€12.3m | +13.1% |
| Fixed assets | 21/28 | €21,340,682 | €16,870,100 | -€4.5m | -20.9% |
| Intangible fixed assets | 21 | €1,809,765 | €1,168,369 | -€641,396 | -35.4% |
| Tangible fixed assets | 22/27 | €19,530,918 | €15,701,731 | -€3.8m | -19.6% |
| Plant, machinery and equipment | 23 | €18,702,108 | €15,088,487 | -€3.6m | -19.3% |
| Furniture and vehicles | 24 | €787,561 | €595,849 | -€191,712 | -24.3% |
| Other tangible fixed assets | 26 | €41,248 | €17,395 | -€23,852 | -57.8% |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Current assets | 29/58 | €72,411,883 | €89,202,743 | +€16.8m | +23.2% |
| Stocks and contracts in progress | 3 | €37,897,892 | €48,284,518 | +€10.4m | +27.4% |
| Stocks | 30/36 | €37,897,892 | €48,284,518 | +€10.4m | +27.4% |
| Raw materials and consumables | 30/31 | €28,855,117 | €39,504,358 | +€10.6m | +36.9% |
| Work in progress | 32 | €676,969 | €1,512,499 | +€835,529 | +123.4% |
| Finished goods | 33 | €7,976,453 | €6,978,481 | -€997,972 | -12.5% |
| Goods purchased for resale | 34 | €389,352 | €289,180 | -€100,172 | -25.7% |
| Amounts receivable within one year | 40/41 | €30,018,169 | €36,838,541 | +€6.8m | +22.7% |
| Trade receivables | 40 | €15,328,142 | €18,511,571 | +€3.2m | +20.8% |
| Other amounts receivable | 41 | €14,690,027 | €18,326,970 | +€3.6m | +24.8% |
| Current investments | 50/53 | €1,430,043 | €0 | -€1.4m | -100.0% |
| Other investments | 51/53 | €1,430,043 | €0 | -€1.4m | -100.0% |
| Cash at bank and in hand | 54/58 | €2,915,865 | €3,595,787 | +€679,922 | +23.3% |
| Deferred charges and accrued income | 490/1 | €149,914 | €483,898 | +€333,984 | +222.8% |
| Total equity and liabilities | 10/49 | €93,752,565 | €106,072,843 | +€12.3m | +13.1% |
| Equity | 10/15 | €53,324,325 | €54,417,761 | +€1.1m | +2.1% |
| Contributions | 10/11 | €237,191 | €237,191 | = | 0.0% |
| Capital | 10 | €237,191 | €237,191 | = | 0.0% |
| Issued capital | 100 | €237,191 | €237,191 | = | 0.0% |
| Reserves | 13 | €53,071,913 | €54,165,349 | +€1.1m | +2.1% |
| Non-distributable reserves | 130/1 | €23,719 | €23,719 | = | 0.0% |
| Legal reserve | 130 | €23,719 | €23,719 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,187,686 | €31,862,230 | +€674,544 | +2.2% |
| Distributable reserves | 133 | €21,860,508 | €22,279,400 | +€418,892 | +1.9% |
| Investment grants | 15 | €15,222 | €15,222 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,294,060 | €1,174,571 | -€119,489 | -9.2% |
| Provisions for liabilities and charges | 160/5 | €709,074 | €698,029 | -€11,045 | -1.6% |
| Pensions and similar obligations | 160 | €165,672 | €154,627 | -€11,045 | -6.7% |
| Other liabilities and charges | 164/5 | €543,402 | €543,402 | = | 0.0% |
| Deferred taxes | 168 | €584,985 | €476,542 | -€108,444 | -18.5% |
| Amounts payable | 17/49 | €39,134,180 | €50,480,511 | +€11.3m | +29.0% |
| Amounts payable after more than one year | 17 | €21,321,183 | €16,788,870 | -€4.5m | -21.3% |
| Financial debts | 170/4 | €21,321,183 | €16,788,870 | -€4.5m | -21.3% |
| Subordinated loans | 170 | €1,627,104 | €970,185 | -€656,920 | -40.4% |
| Credit institutions | 173 | €19,694,078 | €15,818,686 | -€3.9m | -19.7% |
| Amounts payable within one year | 42/48 | €17,626,221 | €33,691,641 | +€16.1m | +91.1% |
| Current portion of amounts payable after more than one year | 42 | €4,248,288 | €4,532,312 | +€284,024 | +6.7% |
| Financial debts | 43 | €3,500,000 | €11,250,000 | +€7.8m | +221.4% |
| Credit institutions | 430/8 | €3,500,000 | €11,250,000 | +€7.8m | +221.4% |
| Trade debts | 44 | €6,945,842 | €14,300,149 | +€7.4m | +105.9% |
| Suppliers | 440/4 | €6,945,842 | €14,300,149 | +€7.4m | +105.9% |
| Advances received on contracts in progress | 46 | €6,663 | €6,663 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,925,428 | €3,591,311 | +€665,883 | +22.8% |
| Taxes | 450/3 | €242,181 | €346,405 | +€104,224 | +43.0% |
| Remuneration and social security | 454/9 | €2,683,248 | €3,244,907 | +€561,659 | +20.9% |
| Other amounts payable | 47/48 | €0 | €11,204 | +€11,204 | |
| Accrued charges and deferred income | 492/3 | €186,776 | €0 | -€186,776 | -100.0% |
| Operating income | 70/76A | €146,039,070 | €164,965,819 | +€18.9m | +13.0% |
| Turnover | 70 | €145,175,362 | €164,074,396 | +€18.9m | +13.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€499,767 | -€162,443 | +€337,324 | +67.5% |
| Other operating income | 74 | €1,363,476 | €1,053,866 | -€309,610 | -22.7% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Operating charges | 60/66A | €139,057,194 | €162,557,695 | +€23.5m | +16.9% |
| Goods for resale, raw materials and consumables | 60 | €83,638,689 | €99,955,297 | +€16.3m | +19.5% |
| Purchases | 600/8 | €85,630,041 | €110,504,365 | +€24.9m | +29.0% |
| Change in stocks: decrease (increase) | 609 | -€1,991,352 | -€10,549,068 | -€8.6m | -429.7% |
| Services and other goods | 61 | €32,777,153 | €36,943,605 | +€4.2m | +12.7% |
| Remuneration, social security and pensions | 62 | €16,117,632 | €19,030,288 | +€2.9m | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,470,699 | €6,578,165 | +€107,466 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €53,022 | €50,340 | -€2,682 | -5.1% |
| Operating profit (loss) | 9901 | €6,981,876 | €2,408,124 | -€4.6m | -65.5% |
| Financial income | 75/76B | €4,112,892 | €2,877,609 | -€1.2m | -30.0% |
| Recurring financial income | 75 | €4,112,892 | €2,877,609 | -€1.2m | -30.0% |
| Income from current assets | 751 | €414,332 | €407,910 | -€6,422 | -1.6% |
| Other financial income | 752/9 | €3,698,560 | €2,469,699 | -€1.2m | -33.2% |
| Financial charges | 65/66B | €2,594,487 | €3,445,724 | +€851,237 | +32.8% |
| Recurring financial charges | 65 | €2,594,487 | €3,445,724 | +€851,237 | +32.8% |
| Debt charges | 650 | €733,837 | €662,607 | -€71,230 | -9.7% |
| Other financial charges | 652/9 | €1,860,650 | €2,783,117 | +€922,467 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €8,500,281 | €1,840,009 | -€6.7m | -78.4% |
| Transfer from deferred taxes | 780 | €59,125 | €108,444 | +€49,318 | +83.4% |
| Transfer to deferred taxes | 680 | €0 | €0 | = | |
| Income taxes | 67/77 | €2,084,189 | €855,018 | -€1.2m | -59.0% |
| Taxes | 670/3 | €2,084,189 | €855,018 | -€1.2m | -59.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €6,475,217 | €1,093,436 | -€5.4m | -83.1% |
| Transfer from tax-exempt reserves | 789 | €177,376 | €325,331 | +€147,955 | +83.4% |
| Transfer to tax-exempt reserves | 689 | €842,000 | €999,875 | +€157,875 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,810,594 | €418,892 | -€5.4m | -92.8% |
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 7 October 2026 via checked.be.