DECOVISION: what changed
What changed
DECOVISION
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€2,281
2024 · €37,743-€35,462
Equity
€67,666
2024 · €65,385+€2,281
Cash
€38,702
2024 · €36,386+€2,316
Balance sheet total
€177,058
2024 · €232,305-€55,246
Largest movements
Assets
- Stocks and contracts -€61,512
down €61,512 (-80.7%), from €76,266 to €14,754
of which Contracts in progress: -€61,266
Equity and liabilities
- Tax, wage and social debts -€48,586
down €48,586 (-72.6%), from €66,930 to €18,344
of which Remuneration and social security: -€42,320
- Other debts -€7,433
down €7,433 (-17.8%), from €41,801 to €34,368
Income statement
- Gross operating margin -€43,845
down €43,845 (-9.2%), from €474,954 to €431,109
- Staff costs -€25,012
down €25,012 (-5.9%), from €422,877 to €397,865
- Write-downs +€19,125
new in 2025: €19,125
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
€37,743
Gross operating margin
-€43,845
Staff costs
+€25,012
Depreciation
+€3,216
Write-downs
-€19,125
Other operating charges
+€257
Financial income
-€159
Financial charges
+€3,556
Taxes
-€4,374
Result 2025
€2,281
raises the resultlowers the result
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
+€7,516
Investment
-€5,200
Financing
€0
Cash 2024
€36,386
From operations (derived)
+€7,516
Net result for the year
+€2,281
Depreciation
+€3,212
Stocks and contracts
+€61,512
Receivables within one year
-€1,795
Deferred charges and accrued income
-€167
Trade debts
-€1,508
Tax, wage and social debts
-€48,586
Other debts
-€7,433
Investment (derived)
-€5,200
Investment in fixed assets (net)
-€5,200
Cash 2025
€38,702
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,305 | €177,058 | -€55,246 | -23.8% |
| Fixed assets | 21/28 | €7,243 | €9,231 | +€1,988 | +27.5% |
| Tangible fixed assets | 22/27 | €7,243 | €9,231 | +€1,988 | +27.5% |
| Plant, machinery and equipment | 23 | €1,601 | €1,034 | -€567 | -35.4% |
| Furniture and vehicles | 24 | €5,186 | €8,157 | +€2,971 | +57.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €455 | €40 | -€416 | -91.3% |
| Current assets | 29/58 | €225,062 | €167,827 | -€57,234 | -25.4% |
| Stocks and contracts in progress | 3 | €76,266 | €14,754 | -€61,512 | -80.7% |
| Stocks | 30/36 | €15,000 | €14,754 | -€246 | -1.6% |
| Contracts in progress | 37 | €61,266 | €0 | -€61,266 | -100% |
| Amounts receivable within one year | 40/41 | €98,545 | €100,340 | +€1,795 | +1.8% |
| Trade receivables | 40 | €89,925 | €96,837 | +€6,911 | +7.7% |
| Other amounts receivable | 41 | €8,619 | €3,503 | -€5,116 | -59.4% |
| Current investments | 50/53 | €1,473 | €1,473 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,386 | €38,702 | +€2,316 | +6.4% |
| Deferred charges and accrued income | 490/1 | €12,392 | €12,559 | +€167 | +1.3% |
| Total equity and liabilities | 10/49 | €232,305 | €177,058 | -€55,246 | -23.8% |
| Equity | 10/15 | €65,385 | €67,666 | +€2,281 | +3.5% |
| Contributions | 10/11 | €108,063 | €108,063 | = | 0.0% |
| Reserves | 13 | €2,140 | €2,140 | = | 0.0% |
| Distributable reserves | 133 | €2,140 | €2,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,817 | -€42,536 | +€2,281 | +5.1% |
| Amounts payable | 17/49 | €166,919 | €109,392 | -€57,527 | -34.5% |
| Amounts payable within one year | 42/48 | €166,919 | €109,392 | -€57,527 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €58,188 | €56,680 | -€1,508 | -2.6% |
| Suppliers | 440/4 | €58,188 | €56,680 | -€1,508 | -2.6% |
| Taxes, remuneration and social security | 45 | €66,930 | €18,344 | -€48,586 | -72.6% |
| Taxes | 450/3 | €11,390 | €5,124 | -€6,266 | -55.0% |
| Remuneration and social security | 454/9 | €55,540 | €13,220 | -€42,320 | -76.2% |
| Other amounts payable | 47/48 | €41,801 | €34,368 | -€7,433 | -17.8% |
| Remuneration, social security and pensions | 62 | €422,877 | €397,865 | -€25,012 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,427 | €3,212 | -€3,216 | -50.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,125 | +€19,125 | |
| Other operating charges | 640/8 | €2,381 | €2,124 | -€257 | -10.8% |
| Gross operating margin | 9900 | €474,954 | €431,109 | -€43,845 | -9.2% |
| Operating profit (loss) | 9901 | €43,269 | €8,784 | -€34,485 | -79.7% |
| Financial income | 75/76B | €455 | €296 | -€159 | -35.0% |
| Recurring financial income | 75 | €455 | €296 | -€159 | -35.0% |
| Financial charges | 65/66B | €5,982 | €2,425 | -€3,556 | -59.5% |
| Recurring financial charges | 65 | €5,982 | €2,425 | -€3,556 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €37,743 | €6,655 | -€31,088 | -82.4% |
| Income taxes | 67/77 | €0 | €4,374 | +€4,374 | |
| Profit (loss) for the period | 9904 | €37,743 | €2,281 | -€35,462 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,743 | €2,281 | -€35,462 | -94.0% |
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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 6 November 2026 via checked.be.