DECOTEK: 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.
DECOTEK
Largest movements
- Receivables within one year -€3.3m
down €3.3m (-77.6%), from €4.3m to €957,039
of which Trade receivables: -€3.3m
- Cash +€214,251
up €214,251 (+895.4%), from €23,929 to €238,180
mainly Receivables within one year (+€3.3m) and Other debts (+€1.3m)
- Financial fixed assets -€147,500
down €147,500 (-32.8%), from €450,300 to €302,800
- Current portion of long-term debt -€3.5m
no longer reported in 2024 (was €3.5m)
- Other debts +€1.3m
up €1.3m (+5745.3%), from €22,037 to €1.3m
- Debts after one year -€895,000
no longer reported in 2024 (was €895,000)
- Trade debts -€193,563
down €193,563 (-74.4%), from €260,321 to €66,758
- Profit (loss) carried forward +€54,911
up €54,911 (+68.2%), from -€80,501 to -€25,590
- Gross operating margin +€152,487
up €152,487, from -€68,695 to €83,792
- Depreciation +€14,708
up €14,708 (+197.2%), from €7,459 to €22,167
- Other operating charges +€3,707
up €3,707 (+110.2%), from €3,363 to €7,070
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 | €4,830,159 | €1,551,163 | -€3.3m | -67.9% |
| Fixed assets | 21/28 | €525,611 | €355,944 | -€169,667 | -32.3% |
| Tangible fixed assets | 22/27 | €75,311 | €53,144 | -€22,167 | -29.4% |
| Furniture and vehicles | 24 | €75,311 | €53,144 | -€22,167 | -29.4% |
| Financial fixed assets | 28 | €450,300 | €302,800 | -€147,500 | -32.8% |
| Current assets | 29/58 | €4,304,548 | €1,195,219 | -€3.1m | -72.2% |
| Amounts receivable within one year | 40/41 | €4,280,619 | €957,039 | -€3.3m | -77.6% |
| Trade receivables | 40 | €4,264,529 | €940,716 | -€3.3m | -77.9% |
| Other amounts receivable | 41 | €16,090 | €16,323 | +€233 | +1.4% |
| Cash at bank and in hand | 54/58 | €23,929 | €238,180 | +€214,251 | +895.4% |
| Total equity and liabilities | 10/49 | €4,830,159 | €1,551,163 | -€3.3m | -67.9% |
| Equity | 10/15 | €134,099 | €189,010 | +€54,911 | +40.9% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €96,000 | €96,000 | = | 0.0% |
| Distributable reserves | 133 | €96,000 | €96,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,501 | -€25,590 | +€54,911 | +68.2% |
| Amounts payable | 17/49 | €4,696,060 | €1,362,153 | -€3.3m | -71.0% |
| Amounts payable after more than one year | 17 | €895,000 | - | -€895,000 | |
| Financial debts | 170/4 | €895,000 | - | -€895,000 | |
| Amounts payable within one year | 42/48 | €3,801,060 | €1,361,763 | -€2.4m | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €3,500,000 | - | -€3.5m | |
| Trade debts | 44 | €260,321 | €66,758 | -€193,563 | -74.4% |
| Suppliers | 440/4 | €260,321 | €66,758 | -€193,563 | -74.4% |
| Taxes, remuneration and social security | 45 | €18,702 | €6,866 | -€11,836 | -63.3% |
| Taxes | 450/3 | €9,636 | €826 | -€8,810 | -91.4% |
| Remuneration and social security | 454/9 | €9,066 | €6,040 | -€3,026 | -33.4% |
| Other amounts payable | 47/48 | €22,037 | €1,288,139 | +€1.3m | +5745.3% |
| Accrued charges and deferred income | 492/3 | - | €390 | +€390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,459 | €22,167 | +€14,708 | +197.2% |
| Other operating charges | 640/8 | €3,363 | €7,070 | +€3,707 | +110.2% |
| Gross operating margin | 9900 | -€68,695 | €83,792 | +€152,487 | |
| Operating profit (loss) | 9901 | -€79,517 | €54,555 | +€134,072 | |
| Financial income | 75/76B | - | €831 | +€831 | |
| Recurring financial income | 75 | - | €831 | +€831 | |
| Financial charges | 65/66B | €880 | €373 | -€507 | -57.6% |
| Recurring financial charges | 65 | €880 | €373 | -€507 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | -€80,397 | €55,013 | +€135,410 | |
| Income taxes | 67/77 | €115 | €102 | -€13 | -11.3% |
| Profit (loss) for the period | 9904 | -€80,512 | €54,911 | +€135,423 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,512 | €54,911 | +€135,423 |
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 7 October 2026 via checked.be.