DECOTRAP: 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
DECOTRAP
NACE 16.230, Manufacture of other builders' carpentry and joinery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€138,612
2024 · €422,717-€284,106
Equity
€2.9m
2024 · €2.8m+€138,612
Cash
€115,651
2024 · €300,736-€185,084
Balance sheet total
€6.3m
2024 · €6.3m+€23,234
Largest movements
Assets
- Cash -€185,084
down €185,084 (-61.5%), from €300,736 to €115,651
mainly Investment in fixed assets (net) (-€335,077) and Debts after one year (-€256,145)
- Tangible fixed assets +€146,206
up €146,206 (+21.0%), from €696,866 to €843,072
of which Plant, machinery and equipment: +€180,758
- Stocks and contracts +€143,233
up €143,233 (+8.2%), from €1.7m to €1.9m
of which Stocks: +€156,496
- Receivables within one year -€135,243
down €135,243 (-14.6%), from €929,117 to €793,874
of which Trade receivables: -€211,631
Equity and liabilities
- Debts after one year -€256,145
down €256,145 (-17.6%), from €1.5m to €1.2m
of which Financial debts: -€256,145
- Reserves +€138,612
up €138,612 (+5.0%), from €2.8m to €2.9m
of which Distributable reserves: +€138,612
- Trade debts +€78,428
up €78,428 (+9.6%), from €814,986 to €893,414
of which Suppliers: +€78,428
- Other debts -€75,000
down €75,000 (-100.0%), from €75,000 to €0
Income statement
- Staff costs +€317,467
up €317,467 (+11.7%), from €2.7m to €3.0m
- Gross operating margin -€154,631
down €154,631 (-4.3%), from €3.6m to €3.5m
- Taxes -€97,739
down €97,739 (-52.9%), from €184,824 to €87,086
- Financial income +€76,544
up €76,544 (+710.1%), from €10,779 to €87,323
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
€422,717
Gross operating margin
-€154,631
Staff costs
-€317,467
Depreciation
-€23,568
Write-downs
-€8,283
Other operating charges
-€8,904
Other operating items
+€46,728
Financial income
+€76,544
Financial charges
+€7,737
Taxes
+€97,739
Result 2025
€138,612
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
+€301,171
Investment
-€335,077
Financing
-€151,179
Cash 2024
€300,736
From operations (derived)
+€301,171
Net result for the year
+€138,612
Depreciation
+€182,760
Receivables after one year
-€50,000
Stocks and contracts
-€143,233
Receivables within one year
+€135,243
Deferred charges and accrued income
+€1,988
Trade debts
+€78,428
Tax, wage and social debts
+€1,378
Advances received
+€57,777
Other debts
-€75,000
Accrued charges and deferred income
-€26,782
Investment (derived)
-€335,077
Investment in fixed assets (net)
-€335,077
Financing
-€151,179
Debts after one year
-€256,145
Current portion of long-term debt
+€45,324
Short-term financial debts
+€59,643
Cash 2025
€115,651
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,276,374 | €6,299,608 | +€23,234 | +0.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,297,298 | €3,449,616 | +€152,317 | +4.6% |
| Intangible fixed assets | 21 | - | €6,111 | +€6,111 | |
| Tangible fixed assets | 22/27 | €696,866 | €843,072 | +€146,206 | +21.0% |
| Land and buildings | 22 | €8,292 | €10,206 | +€1,914 | +23.1% |
| Plant, machinery and equipment | 23 | €474,298 | €655,056 | +€180,758 | +38.1% |
| Furniture and vehicles | 24 | €214,276 | €177,810 | -€36,466 | -17.0% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €2,600,433 | €2,600,433 | = | 0.0% |
| Current assets | 29/58 | €2,979,076 | €2,849,993 | -€129,083 | -4.3% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | €1,747,235 | €1,890,467 | +€143,233 | +8.2% |
| Stocks | 30/36 | €1,665,331 | €1,821,828 | +€156,496 | +9.4% |
| Contracts in progress | 37 | €81,904 | €68,640 | -€13,264 | -16.2% |
| Amounts receivable within one year | 40/41 | €929,117 | €793,874 | -€135,243 | -14.6% |
| Trade receivables | 40 | €915,421 | €703,790 | -€211,631 | -23.1% |
| Other amounts receivable | 41 | €13,696 | €90,083 | +€76,388 | +557.7% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €300,736 | €115,651 | -€185,084 | -61.5% |
| Deferred charges and accrued income | 490/1 | €1,988 | €0 | -€1,988 | -100.0% |
| Total equity and liabilities | 10/49 | €6,276,374 | €6,299,608 | +€23,234 | +0.4% |
| Equity | 10/15 | €2,790,350 | €2,928,962 | +€138,612 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €2,771,750 | €2,910,362 | +€138,612 | +5.0% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | €2,771,750 | €2,910,362 | +€138,612 | +5.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €3,486,024 | €3,370,646 | -€115,377 | -3.3% |
| Amounts payable after more than one year | 17 | €1,458,590 | €1,202,444 | -€256,145 | -17.6% |
| Financial debts | 170/4 | €1,458,590 | €1,202,444 | -€256,145 | -17.6% |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €1,998,789 | €2,166,339 | +€167,550 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €386,229 | €431,553 | +€45,324 | +11.7% |
| Financial debts | 43 | €23,870 | €83,513 | +€59,643 | +249.9% |
| Credit institutions | 430/8 | €23,870 | €83,513 | +€59,643 | +249.9% |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €814,986 | €893,414 | +€78,428 | +9.6% |
| Suppliers | 440/4 | €814,986 | €893,414 | +€78,428 | +9.6% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | €337,756 | €395,532 | +€57,777 | +17.1% |
| Taxes, remuneration and social security | 45 | €360,948 | €362,326 | +€1,378 | +0.4% |
| Taxes | 450/3 | €69,305 | €31,134 | -€38,170 | -55.1% |
| Remuneration and social security | 454/9 | €291,643 | €331,192 | +€39,549 | +13.6% |
| Other amounts payable | 47/48 | €75,000 | €0 | -€75,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €28,645 | €1,863 | -€26,782 | -93.5% |
| Remuneration, social security and pensions | 62 | €2,718,614 | €3,036,081 | +€317,467 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,192 | €182,760 | +€23,568 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,283 | +€8,283 | |
| Other operating charges | 640/8 | €10,790 | €19,694 | +€8,904 | +82.5% |
| Non-recurring operating charges | 66A | €46,728 | - | -€46,728 | |
| Gross operating margin | 9900 | €3,622,215 | €3,467,584 | -€154,631 | -4.3% |
| Operating profit (loss) | 9901 | €686,890 | €220,766 | -€466,125 | -67.9% |
| Financial income | 75/76B | €10,779 | €87,323 | +€76,544 | +710.1% |
| Recurring financial income | 75 | €10,779 | €87,323 | +€76,544 | +710.1% |
| Financial charges | 65/66B | €90,128 | €82,391 | -€7,737 | -8.6% |
| Recurring financial charges | 65 | €90,128 | €82,391 | -€7,737 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €607,542 | €225,697 | -€381,844 | -62.9% |
| Income taxes | 67/77 | €184,824 | €87,086 | -€97,739 | -52.9% |
| Profit (loss) for the period | 9904 | €422,717 | €138,612 | -€284,106 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €422,717 | €138,612 | -€284,106 | -67.2% |
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 1 October 2026 via checked.be.