DECOTORA: 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.
DECOTORA
Largest movements
- Stocks and contracts -€74,415
down €74,415 (-12.9%), from €577,508 to €503,093
- Tangible fixed assets -€33,059
down €33,059 (-10.5%), from €315,567 to €282,508
of which Land and buildings: -€42,853
- Receivables within one year -€24,736
down €24,736 (-20.7%), from €119,292 to €94,556
of which Trade receivables: -€23,799
- Short-term financial debts -€114,752
down €114,752 (-80.9%), from €141,795 to €27,043
- Debts after one year -€48,446
down €48,446 (-11.0%), from €438,971 to €390,524
- Tax, wage and social debts +€18,132
up €18,132 (+44.5%), from €40,775 to €58,908
of which Remuneration and social security: +€13,135
- Gross operating margin -€48,245
down €48,245 (-13.9%), from €347,759 to €299,514
- Financial charges -€14,729
down €14,729 (-31.7%), from €46,407 to €31,677
- Financial income -€10,981
down €10,981 (-94.6%), from €11,610 to €628
of which Non-recurring financial income: -€11,157
- Staff costs -€8,717
down €8,717 (-3.8%), from €227,666 to €218,949
- Other operating charges -€7,614
down €7,614 (-69.8%), from €10,901 to €3,287
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 | €1,029,817 | €888,404 | -€141,413 | -13.7% |
| Fixed assets | 21/28 | €317,787 | €284,728 | -€33,059 | -10.4% |
| Tangible fixed assets | 22/27 | €315,567 | €282,508 | -€33,059 | -10.5% |
| Land and buildings | 22 | €298,461 | €255,608 | -€42,853 | -14.4% |
| Plant, machinery and equipment | 23 | €4,333 | €16,244 | +€11,911 | +274.9% |
| Furniture and vehicles | 24 | €12,773 | €10,656 | -€2,117 | -16.6% |
| Financial fixed assets | 28 | €2,220 | €2,220 | = | 0.0% |
| Current assets | 29/58 | €712,030 | €603,676 | -€108,354 | -15.2% |
| Stocks and contracts in progress | 3 | €577,508 | €503,093 | -€74,415 | -12.9% |
| Stocks | 30/36 | €577,508 | €503,093 | -€74,415 | -12.9% |
| Amounts receivable within one year | 40/41 | €119,292 | €94,556 | -€24,736 | -20.7% |
| Trade receivables | 40 | €117,833 | €94,034 | -€23,799 | -20.2% |
| Other amounts receivable | 41 | €1,459 | €522 | -€937 | -64.2% |
| Cash at bank and in hand | 54/58 | €2,383 | €1,722 | -€661 | -27.7% |
| Deferred charges and accrued income | 490/1 | €12,847 | €4,305 | -€8,542 | -66.5% |
| Total equity and liabilities | 10/49 | €1,029,817 | €888,404 | -€141,413 | -13.7% |
| Equity | 10/15 | €168,975 | €167,196 | -€1,779 | -1.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,555 | €42,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,555 | €40,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,420 | €104,641 | -€1,779 | -1.7% |
| Amounts payable | 17/49 | €860,842 | €721,207 | -€139,635 | -16.2% |
| Amounts payable after more than one year | 17 | €438,971 | €390,524 | -€48,446 | -11.0% |
| Financial debts | 170/4 | €438,971 | €390,524 | -€48,446 | -11.0% |
| Amounts payable within one year | 42/48 | €418,345 | €330,683 | -€87,662 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €46,415 | €48,446 | +€2,031 | +4.4% |
| Financial debts | 43 | €141,795 | €27,043 | -€114,752 | -80.9% |
| Credit institutions | 430/8 | €141,795 | €27,043 | -€114,752 | -80.9% |
| Trade debts | 44 | €56,856 | €59,302 | +€2,445 | +4.3% |
| Suppliers | 440/4 | €56,856 | €59,302 | +€2,445 | +4.3% |
| Taxes, remuneration and social security | 45 | €40,775 | €58,908 | +€18,132 | +44.5% |
| Taxes | 450/3 | €22,918 | €27,916 | +€4,998 | +21.8% |
| Remuneration and social security | 454/9 | €17,857 | €30,992 | +€13,135 | +73.6% |
| Other amounts payable | 47/48 | €132,503 | €136,984 | +€4,481 | +3.4% |
| Accrued charges and deferred income | 492/3 | €3,526 | €0 | -€3,526 | -100.0% |
| Remuneration, social security and pensions | 62 | €227,666 | €218,949 | -€8,717 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,430 | €47,516 | +€3,087 | +6.9% |
| Other operating charges | 640/8 | €10,901 | €3,287 | -€7,614 | -69.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €347,759 | €299,514 | -€48,245 | -13.9% |
| Operating profit (loss) | 9901 | €64,762 | €29,761 | -€35,001 | -54.0% |
| Financial income | 75/76B | €11,610 | €628 | -€10,981 | -94.6% |
| Recurring financial income | 75 | €453 | €628 | +€176 | +38.8% |
| Non-recurring financial income | 76B | €11,157 | €0 | -€11,157 | -100.0% |
| Financial charges | 65/66B | €46,407 | €31,677 | -€14,729 | -31.7% |
| Recurring financial charges | 65 | €46,407 | €31,677 | -€14,729 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €29,965 | -€1,288 | -€31,253 | |
| Income taxes | 67/77 | €473 | €491 | +€17 | +3.7% |
| Profit (loss) for the period | 9904 | €29,492 | -€1,779 | -€31,270 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,492 | -€1,779 | -€31,270 |
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 3 October 2026 via checked.be.