DECOWOOD DESIGN: what changed
Two financial 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.
DECOWOOD DESIGN
Largest movements
- Tangible fixed assets +€59,103
up €59,103 (+32.6%), from €181,543 to €240,646
of which Plant, machinery and equipment: +€62,641
- Receivables within one year -€11,996
down €11,996 (-16.9%), from €70,798 to €58,802
of which Trade receivables: -€19,311
- Cash -€7,003
down €7,003 (-99.8%), from €7,020 to €17
mainly Investment in fixed assets (net) (-€75,091) and Net result for the year (-€51,152)
- Stocks and contracts +€4,200
up €4,200 (+14.2%), from €29,600 to €33,800
- Other debts +€123,084
up €123,084 (+205%), from €60,076 to €183,160
- Profit (loss) carried forward -€51,152
down €51,152 (-864%), from -€5,921 to -€57,073
- Trade debts -€17,953
down €17,953 (-35.6%), from €50,423 to €32,470
- Debts after one year -€6,446
down €6,446 (-6.0%), from €107,387 to €100,941
- Gross operating margin -€37,815
down €37,815, from €13,506 to -€24,309
- Depreciation +€4,230
up €4,230 (+36.0%), from €11,758 to €15,988
- Other operating charges +€1,226
up €1,226 (+84.6%), from €1,450 to €2,677
- Taxes +€1,069
up €1,069 (+443%), from €241 to €1,310
- Financial income -€625
down €625 (-88.0%), from €710 to €85
of which Non-recurring financial income: -€600
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.
Derived cash bridge
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 | €291,183 | €335,476 | +€44,294 | +15.2% |
| Fixed assets | 21/28 | €183,043 | €242,146 | +€59,103 | +32.3% |
| Tangible fixed assets | 22/27 | €181,543 | €240,646 | +€59,103 | +32.6% |
| Land and buildings | 22 | €167,330 | €162,621 | -€4,708 | -2.8% |
| Plant, machinery and equipment | 23 | €9,967 | €72,608 | +€62,641 | +628% |
| Furniture and vehicles | 24 | €4,246 | €5,417 | +€1,171 | +27.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €108,139 | €93,330 | -€14,809 | -13.7% |
| Stocks and contracts in progress | 3 | €29,600 | €33,800 | +€4,200 | +14.2% |
| Stocks | 30/36 | €29,600 | €33,800 | +€4,200 | +14.2% |
| Amounts receivable within one year | 40/41 | €70,798 | €58,802 | -€11,996 | -16.9% |
| Trade receivables | 40 | €65,279 | €45,969 | -€19,311 | -29.6% |
| Other amounts receivable | 41 | €5,519 | €12,833 | +€7,315 | +133% |
| Cash at bank and in hand | 54/58 | €7,020 | €17 | -€7,003 | -99.8% |
| Deferred charges and accrued income | 490/1 | €722 | €711 | -€11 | -1.5% |
| Total equity and liabilities | 10/49 | €291,183 | €335,476 | +€44,294 | +15.2% |
| Equity | 10/15 | €61,579 | €10,427 | -€51,152 | -83.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €47,500 | €47,500 | = | 0.0% |
| Distributable reserves | 133 | €47,500 | €47,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,921 | -€57,073 | -€51,152 | -864% |
| Amounts payable | 17/49 | €229,604 | €325,049 | +€95,446 | +41.6% |
| Amounts payable after more than one year | 17 | €107,387 | €100,941 | -€6,446 | -6.0% |
| Financial debts | 170/4 | €107,387 | €100,941 | -€6,446 | -6.0% |
| Amounts payable within one year | 42/48 | €122,217 | €224,108 | +€101,891 | +83.4% |
| Current portion of amounts payable after more than one year | 42 | €7,758 | €6,927 | -€831 | -10.7% |
| Financial debts | 43 | €75 | - | -€75 | |
| Credit institutions | 430/8 | €75 | - | -€75 | |
| Trade debts | 44 | €50,423 | €32,470 | -€17,953 | -35.6% |
| Suppliers | 440/4 | €50,423 | €32,470 | -€17,953 | -35.6% |
| Taxes, remuneration and social security | 45 | €3,885 | €1,551 | -€2,334 | -60.1% |
| Taxes | 450/3 | €3,885 | €1,551 | -€2,334 | -60.1% |
| Other amounts payable | 47/48 | €60,076 | €183,160 | +€123,084 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,758 | €15,988 | +€4,230 | +36.0% |
| Other operating charges | 640/8 | €1,450 | €2,677 | +€1,226 | +84.6% |
| Gross operating margin | 9900 | €13,506 | -€24,309 | -€37,815 | |
| Operating profit (loss) | 9901 | €297 | -€42,973 | -€43,271 | |
| Financial income | 75/76B | €710 | €85 | -€625 | -88.0% |
| Recurring financial income | 75 | €110 | €85 | -€25 | -22.5% |
| Non-recurring financial income | 76B | €600 | - | -€600 | |
| Financial charges | 65/66B | €7,575 | €6,954 | -€621 | -8.2% |
| Recurring financial charges | 65 | €7,575 | €6,954 | -€621 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,567 | -€49,842 | -€43,275 | -659% |
| Income taxes | 67/77 | €241 | €1,310 | +€1,069 | +443% |
| Profit (loss) for the period | 9904 | -€6,808 | -€51,152 | -€44,344 | -651% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,808 | -€51,152 | -€44,344 | -651% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.