DECOWOODS: 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.
DECOWOODS
Largest movements
- Receivables within one year +€34,938
up €34,938 (+54.8%), from €63,763 to €98,701
of which Other amounts receivable: +€33,677
- Tangible fixed assets +€8,778
up €8,778 (+158.4%), from €5,541 to €14,319
of which Furniture and vehicles: +€11,490
- Profit (loss) carried forward +€46,427
up €46,427 (+57.6%), from -€80,566 to -€34,139
- Short-term financial debts -€25,892
no longer reported in 2024 (was €25,892)
- Current portion of long-term debt +€21,147
up €21,147 (+702.8%), from €3,009 to €24,156
- Trade debts +€5,238
up €5,238 (+5.2%), from €101,584 to €106,823
- Debts after one year -€2,950
down €2,950 (-79.4%), from €3,714 to €765
- Staff costs -€29,832
no longer reported in 2024 (was €29,832)
- Gross operating margin +€12,240
up €12,240 (+27.1%), from €45,204 to €57,445
- Financial charges -€8,508
down €8,508 (-67.2%), from €12,655 to €4,147
- Depreciation -€2,160
down €2,160 (-24.7%), from €8,746 to €6,586
- Other operating charges -€842
down €842 (-74.8%), from €1,126 to €284
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 | €69,873 | €113,125 | +€43,253 | +61.9% |
| Fixed assets | 21/28 | €5,541 | €14,319 | +€8,778 | +158.4% |
| Tangible fixed assets | 22/27 | €5,541 | €14,319 | +€8,778 | +158.4% |
| Plant, machinery and equipment | 23 | €4,308 | €1,596 | -€2,712 | -63.0% |
| Furniture and vehicles | 24 | €1,233 | €12,723 | +€11,490 | +932.1% |
| Current assets | 29/58 | €64,332 | €98,806 | +€34,475 | +53.6% |
| Amounts receivable within one year | 40/41 | €63,763 | €98,701 | +€34,938 | +54.8% |
| Trade receivables | 40 | €34,759 | €36,020 | +€1,261 | +3.6% |
| Other amounts receivable | 41 | €29,004 | €62,681 | +€33,677 | +116.1% |
| Cash at bank and in hand | 54/58 | €568 | €105 | -€463 | -81.5% |
| Total equity and liabilities | 10/49 | €69,873 | €113,125 | +€43,253 | +61.9% |
| Equity | 10/15 | -€70,766 | -€24,339 | +€46,427 | +65.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Reserves | 13 | €7,800 | €7,800 | = | 0.0% |
| Distributable reserves | 133 | €7,800 | €7,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,566 | -€34,139 | +€46,427 | +57.6% |
| Amounts payable | 17/49 | €140,638 | €137,464 | -€3,175 | -2.3% |
| Amounts payable after more than one year | 17 | €3,714 | €765 | -€2,950 | -79.4% |
| Financial debts | 170/4 | €3,714 | €765 | -€2,950 | -79.4% |
| Amounts payable within one year | 42/48 | €136,924 | €136,699 | -€225 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €3,009 | €24,156 | +€21,147 | +702.8% |
| Financial debts | 43 | €25,892 | - | -€25,892 | |
| Credit institutions | 430/8 | €25,892 | - | -€25,892 | |
| Trade debts | 44 | €101,584 | €106,823 | +€5,238 | +5.2% |
| Suppliers | 440/4 | €101,584 | €106,823 | +€5,238 | +5.2% |
| Taxes, remuneration and social security | 45 | €6,439 | €5,720 | -€718 | -11.2% |
| Taxes | 450/3 | €5,678 | €5,720 | +€43 | +0.7% |
| Remuneration and social security | 454/9 | €761 | - | -€761 | |
| Non-recurring operating income | 76A | €41,582 | - | -€41,582 | |
| Remuneration, social security and pensions | 62 | €29,832 | - | -€29,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,746 | €6,586 | -€2,160 | -24.7% |
| Other operating charges | 640/8 | €1,126 | €284 | -€842 | -74.8% |
| Gross operating margin | 9900 | €45,204 | €57,445 | +€12,240 | +27.1% |
| Operating profit (loss) | 9901 | €5,500 | €50,575 | +€45,075 | +819.6% |
| Financial charges | 65/66B | €12,655 | €4,147 | -€8,508 | -67.2% |
| Recurring financial charges | 65 | €12,655 | €4,147 | -€8,508 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,155 | €46,427 | +€53,583 | |
| Profit (loss) for the period | 9904 | -€7,155 | €46,427 | +€53,583 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,155 | €46,427 | +€53,583 |
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 11 October 2026 via checked.be.