DECOVANOO: what changed
What changed
DECOVANOO
NACE 43.333, Wallpapering and laying of floor and wall coverings in other materials
filed annual accounts (NBB)
Net result for the year
€447
2024 · €20,958-€20,511
Equity
€11,602
2024 · €181,155-€169,553
Cash
€70,332
2024 · €116,253-€45,922
Balance sheet total
€128,732
2024 · €214,046-€85,313
Largest movements
Assets
- Cash -€45,922
down €45,922 (-39.5%), from €116,253 to €70,332
mainly Contributions, distributions and other (-€170,000) and Stocks and contracts (-€16,500)
- Receivables within one year -€43,916
down €43,916 (-80.1%), from €54,792 to €10,876
of which Other amounts receivable: -€47,153
- Stocks and contracts +€16,500
new in 2025: €16,500
- Deferred charges and accrued income -€10,402
down €10,402 (-62.2%), from €16,717 to €6,315
Equity and liabilities
- Reserves -€169,553
down €169,553 (-99.1%), from €171,155 to €1,602
- Other debts +€89,571
new in 2025: €89,571
- Tax, wage and social debts -€16,192
down €16,192 (-64.1%), from €25,278 to €9,086
of which Taxes: -€15,735
- Trade debts +€11,328
up €11,328 (+164%), from €6,917 to €18,245
Income statement
- Gross operating margin -€24,207
down €24,207 (-24.8%), from €97,445 to €73,237
- Taxes -€4,734
down €4,734 (-81.7%), from €5,794 to €1,060
- Other operating charges +€2,584
up €2,584 (+401%), from €644 to €3,228
- Financial charges +€2,469
up €2,469 (+405%), from €609 to €3,078
- Staff costs -€2,202
down €2,202 (-3.8%), from €58,232 to €56,030
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€20,958
Gross operating margin
-€24,207
Staff costs
+€2,202
Depreciation
-€1,327
Write-downs
+€980
Other operating charges
-€2,584
Other operating items
+€1,973
Financial income
+€188
Financial charges
-€2,469
Taxes
+€4,734
Result 2025
€447
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€132,971
Investment
-€8,892
Financing
-€170,000
Cash 2024
€116,253
From operations (derived)
+€132,971
Net result for the year
+€447
Depreciation
+€10,466
Stocks and contracts
-€16,500
Receivables within one year
+€43,916
Deferred charges and accrued income
+€10,402
Trade debts
+€11,328
Tax, wage and social debts
-€16,192
Other debts
+€89,571
Accrued charges and deferred income
-€468
Investment (derived)
-€8,892
Investment in fixed assets (net)
-€8,892
Financing
-€170,000
Contributions, distributions and other
-€170,000
Cash 2025
€70,332
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,046 | €128,732 | -€85,313 | -39.9% |
| Fixed assets | 21/28 | €26,283 | €24,709 | -€1,574 | -6.0% |
| Intangible fixed assets | 21 | €1,613 | €1,241 | -€372 | -23.1% |
| Tangible fixed assets | 22/27 | €24,670 | €23,468 | -€1,202 | -4.9% |
| Land and buildings | 22 | €2,368 | €1,678 | -€690 | -29.1% |
| Plant, machinery and equipment | 23 | €19,379 | €20,170 | +€791 | +4.1% |
| Furniture and vehicles | 24 | €2,923 | €1,619 | -€1,303 | -44.6% |
| Current assets | 29/58 | €187,762 | €104,023 | -€83,739 | -44.6% |
| Stocks and contracts in progress | 3 | - | €16,500 | +€16,500 | |
| Stocks | 30/36 | - | €16,500 | +€16,500 | |
| Amounts receivable within one year | 40/41 | €54,792 | €10,876 | -€43,916 | -80.1% |
| Trade receivables | 40 | €6,073 | €9,310 | +€3,237 | +53.3% |
| Other amounts receivable | 41 | €48,719 | €1,566 | -€47,153 | -96.8% |
| Cash at bank and in hand | 54/58 | €116,253 | €70,332 | -€45,922 | -39.5% |
| Deferred charges and accrued income | 490/1 | €16,717 | €6,315 | -€10,402 | -62.2% |
| Total equity and liabilities | 10/49 | €214,046 | €128,732 | -€85,313 | -39.9% |
| Equity | 10/15 | €181,155 | €11,602 | -€169,553 | -93.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €171,155 | €1,602 | -€169,553 | -99.1% |
| Distributable reserves | 133 | €171,155 | €1,602 | -€169,553 | -99.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,890 | €117,130 | +€84,239 | +256% |
| Amounts payable within one year | 42/48 | €32,195 | €116,902 | +€84,707 | +263% |
| Trade debts | 44 | €6,917 | €18,245 | +€11,328 | +164% |
| Suppliers | 440/4 | €6,917 | €18,245 | +€11,328 | +164% |
| Taxes, remuneration and social security | 45 | €25,278 | €9,086 | -€16,192 | -64.1% |
| Taxes | 450/3 | €24,465 | €8,730 | -€15,735 | -64.3% |
| Remuneration and social security | 454/9 | €813 | €356 | -€457 | -56.3% |
| Other amounts payable | 47/48 | - | €89,571 | +€89,571 | |
| Accrued charges and deferred income | 492/3 | €696 | €228 | -€468 | -67.2% |
| Non-recurring operating income | 76A | €144 | €0 | -€144 | -100% |
| Remuneration, social security and pensions | 62 | €58,232 | €56,030 | -€2,202 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,140 | €10,466 | +€1,327 | +14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €980 | €0 | -€980 | -100% |
| Other operating charges | 640/8 | €644 | €3,228 | +€2,584 | +401% |
| Non-recurring operating charges | 66A | €1,973 | €0 | -€1,973 | -100% |
| Gross operating margin | 9900 | €97,445 | €73,237 | -€24,207 | -24.8% |
| Operating profit (loss) | 9901 | €26,477 | €3,513 | -€22,963 | -86.7% |
| Financial income | 75/76B | €884 | €1,072 | +€188 | +21.2% |
| Recurring financial income | 75 | €884 | €1,072 | +€188 | +21.2% |
| Financial charges | 65/66B | €609 | €3,078 | +€2,469 | +405% |
| Recurring financial charges | 65 | €609 | €3,078 | +€2,469 | +405% |
| Profit (loss) for the period before taxes | 9903 | €26,752 | €1,507 | -€25,245 | -94.4% |
| Income taxes | 67/77 | €5,794 | €1,060 | -€4,734 | -81.7% |
| Profit (loss) for the period | 9904 | €20,958 | €447 | -€20,511 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,958 | €447 | -€20,511 | -97.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.