Decruy: 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.
What changed
Decruy
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€467,067
2023 · -€658,834+€191,767
Equity
€1.9m
2023 · €3.9m-€2.0m
Cash
€16,068
2023 · €90,731-€74,664
Balance sheet total
€9.2m
2023 · €9.9m-€703,482
Largest movements
Assets
- Tangible fixed assets -€418,520
down €418,520 (-10.1%), from €4.1m to €3.7m
of which Plant, machinery and equipment: -€499,328
- Stocks and contracts -€314,632
down €314,632 (-9.5%), from €3.3m to €3.0m
- Receivables within one year +€261,836
up €261,836 (+12.1%), from €2.2m to €2.4m
of which Other amounts receivable: +€296,742
- Deferred charges and accrued income -€154,835
down €154,835 (-73.7%), from €210,047 to €55,212
Equity and liabilities
- Other debts +€1.6m
up €1.6m (+1,982%), from €78,766 to €1.6m
- Profit (loss) carried forward -€1.0m
no longer reported in 2024 (was €1.0m)
- Reserves -€919,294
down €919,294 (-36.1%), from €2.5m to €1.6m
of which Distributable reserves: -€919,294
- Short-term financial debts -€172,463
down €172,463 (-15.2%), from €1.1m to €959,515
- Debts after one year -€165,763
down €165,763 (-7.1%), from €2.3m to €2.2m
Income statement
- Goods and materials -€560,787
down €560,787 (-11.6%), from €4.8m to €4.3m
of which Purchases: -€556,515
- Other operating income -€356,926
down €356,926 (-45.7%), from €781,495 to €424,569
- Services and other goods -€353,891
down €353,891 (-13.3%), from €2.7m to €2.3m
- Turnover -€288,753
down €288,753 (-2.8%), from €10.5m to €10.2m
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.
Result 2023
-€658,834
Turnover
-€288,753
Other operating income
-€356,926
Goods and materials
+€560,787
Services and other goods
+€353,891
Staff costs
-€93,877
Depreciation
+€9,361
Write-downs
-€28,462
Other operating charges
-€16,227
Other operating items
+€71,245
Financial income
+€6,472
Financial charges
-€26,111
Taxes
+€369
Result 2024
-€467,067
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.2m
Investment
-€270,779
Financing
-€2.0m
Cash 2023
€90,731
From operations (derived)
+€2.2m
Net result for the year
-€467,067
Depreciation
+€691,966
Stocks and contracts
+€314,632
Receivables within one year
-€261,836
Deferred charges and accrued income
+€154,835
Trade debts
+€90,792
Tax, wage and social debts
+€54,937
Advances received
+€21,888
Other debts
+€1.6m
Accrued charges and deferred income
+€1,536
Investment (derived)
-€270,779
Investment in fixed assets (net)
-€270,779
Financing
-€2.0m
Debts after one year
-€165,763
Current portion of long-term debt
-€144,041
Short-term financial debts
-€172,463
Contributions, distributions and other
-€1.5m
Cash 2024
€16,068
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,920,440 | €9,216,958 | -€703,482 | -7.1% |
| Fixed assets | 21/28 | €4,145,520 | €3,724,333 | -€421,187 | -10.2% |
| Intangible fixed assets | 21 | €4,910 | €2,243 | -€2,667 | -54.3% |
| Tangible fixed assets | 22/27 | €4,140,610 | €3,722,090 | -€418,520 | -10.1% |
| Land and buildings | 22 | €1,060,129 | €1,017,110 | -€43,019 | -4.1% |
| Plant, machinery and equipment | 23 | €3,003,224 | €2,503,896 | -€499,328 | -16.6% |
| Furniture and vehicles | 24 | €4,200 | €2,043 | -€2,157 | -51.4% |
| Leasing and similar rights | 25 | €30,361 | €156,344 | +€125,983 | +415% |
| Assets under construction and advance payments | 27 | €42,696 | €42,696 | = | 0.0% |
| Current assets | 29/58 | €5,774,920 | €5,492,626 | -€282,294 | -4.9% |
| Stocks and contracts in progress | 3 | €3,307,960 | €2,993,328 | -€314,632 | -9.5% |
| Stocks | 30/36 | €3,307,960 | €2,993,328 | -€314,632 | -9.5% |
| Raw materials and consumables | 30/31 | €1,382,849 | €1,185,573 | -€197,276 | -14.3% |
| Work in progress | 32 | €131,492 | €89,750 | -€41,742 | -31.7% |
| Finished goods | 33 | €1,793,619 | €1,718,005 | -€75,614 | -4.2% |
| Amounts receivable within one year | 40/41 | €2,166,182 | €2,428,018 | +€261,836 | +12.1% |
| Trade receivables | 40 | €977,403 | €942,497 | -€34,906 | -3.6% |
| Other amounts receivable | 41 | €1,188,779 | €1,485,521 | +€296,742 | +25.0% |
| Cash at bank and in hand | 54/58 | €90,731 | €16,068 | -€74,664 | -82.3% |
| Deferred charges and accrued income | 490/1 | €210,047 | €55,212 | -€154,835 | -73.7% |
| Total equity and liabilities | 10/49 | €9,920,440 | €9,216,958 | -€703,482 | -7.1% |
| Equity | 10/15 | €3,858,823 | €1,907,333 | -€2.0m | -50.6% |
| Contributions | 10/11 | €278,100 | €278,100 | = | 0.0% |
| Capital | 10 | €278,100 | €278,100 | = | 0.0% |
| Issued capital | 100 | €278,100 | €278,100 | = | 0.0% |
| Reserves | 13 | €2,548,527 | €1,629,233 | -€919,294 | -36.1% |
| Non-distributable reserves | 130/1 | €41,956 | €41,956 | -€0 | 0.0% |
| Legal reserve | 130 | €29,747 | €29,747 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €12,209 | €12,209 | -€0 | 0.0% |
| Distributable reserves | 133 | €2,506,571 | €1,587,277 | -€919,294 | -36.7% |
| Profit (loss) carried forward | 14 | €1,032,196 | - | -€1.0m | |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €6,046,617 | €7,294,625 | +€1.2m | +20.6% |
| Amounts payable after more than one year | 17 | €2,346,845 | €2,181,082 | -€165,763 | -7.1% |
| Financial debts | 170/4 | €2,346,845 | €2,181,082 | -€165,763 | -7.1% |
| Leasing and similar obligations | 172 | €19,593 | €142,667 | +€123,074 | +628% |
| Credit institutions | 173 | €2,122,252 | €1,833,415 | -€288,837 | -13.6% |
| Other loans | 174 | €205,000 | €205,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,695,767 | €5,108,003 | +€1.4m | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €485,739 | €341,698 | -€144,041 | -29.7% |
| Financial debts | 43 | €1,131,978 | €959,515 | -€172,463 | -15.2% |
| Credit institutions | 430/8 | €1,131,978 | €959,515 | -€172,463 | -15.2% |
| Trade debts | 44 | €1,443,930 | €1,534,722 | +€90,792 | +6.3% |
| Suppliers | 440/4 | €1,443,930 | €1,534,722 | +€90,792 | +6.3% |
| Advances received on contracts in progress | 46 | - | €21,888 | +€21,888 | |
| Taxes, remuneration and social security | 45 | €555,354 | €610,291 | +€54,937 | +9.9% |
| Taxes | 450/3 | €81,138 | €77,244 | -€3,894 | -4.8% |
| Remuneration and social security | 454/9 | €474,216 | €533,047 | +€58,831 | +12.4% |
| Other amounts payable | 47/48 | €78,766 | €1,639,889 | +€1.6m | +1,982% |
| Accrued charges and deferred income | 492/3 | €4,005 | €5,541 | +€1,536 | +38.3% |
| Operating income | 70/76A | €11,224,797 | €10,650,362 | -€574,435 | -5.1% |
| Turnover | 70 | €10,499,017 | €10,210,264 | -€288,753 | -2.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€191,660 | -€117,356 | +€74,304 | +38.8% |
| Own construction capitalised | 72 | €135,945 | €132,886 | -€3,059 | -2.3% |
| Other operating income | 74 | €781,495 | €424,569 | -€356,926 | -45.7% |
| Operating charges | 60/66A | €11,741,361 | €10,955,889 | -€785,472 | -6.7% |
| Goods for resale, raw materials and consumables | 60 | €4,823,507 | €4,262,720 | -€560,787 | -11.6% |
| Purchases | 600/8 | €4,621,959 | €4,065,444 | -€556,515 | -12.0% |
| Change in stocks: decrease (increase) | 609 | €201,548 | €197,276 | -€4,272 | -2.1% |
| Services and other goods | 61 | €2,661,066 | €2,307,175 | -€353,891 | -13.3% |
| Remuneration, social security and pensions | 62 | €3,416,840 | €3,510,717 | +€93,877 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €701,327 | €691,966 | -€9,361 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €331 | €28,793 | +€28,462 | +8,599% |
| Other operating charges | 640/8 | €138,290 | €154,517 | +€16,227 | +11.7% |
| Operating profit (loss) | 9901 | -€516,564 | -€305,527 | +€211,037 | +40.9% |
| Financial income | 75/76B | €30,016 | €36,488 | +€6,472 | +21.6% |
| Recurring financial income | 75 | €30,016 | €36,488 | +€6,472 | +21.6% |
| Income from current assets | 751 | €28,610 | €33,322 | +€4,712 | +16.5% |
| Other financial income | 752/9 | €1,406 | €3,166 | +€1,760 | +125% |
| Financial charges | 65/66B | €170,932 | €197,043 | +€26,111 | +15.3% |
| Recurring financial charges | 65 | €170,932 | €197,043 | +€26,111 | +15.3% |
| Debt charges | 650 | €58,752 | €70,193 | +€11,441 | +19.5% |
| Other financial charges | 652/9 | €112,180 | €126,850 | +€14,670 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | -€657,480 | -€466,082 | +€191,398 | +29.1% |
| Income taxes | 67/77 | €1,354 | €985 | -€369 | -27.3% |
| Taxes | 670/3 | €1,354 | €985 | -€369 | -27.3% |
| Profit (loss) for the period | 9904 | -€658,834 | -€467,067 | +€191,767 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€658,834 | -€467,067 | +€191,767 | +29.1% |
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 18 October 2026 via checked.be.