DEKOR-MAX: 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.
DEKOR-MAX
Largest movements
- Tangible fixed assets -€9,625
down €9,625 (-43.3%), from €22,211 to €12,587
of which Furniture and vehicles: -€8,789
- Deferred charges and accrued income -€6,030
down €6,030 (-28.0%), from €21,557 to €15,527
- Cash +€5,577
up €5,577 (+114%), from €4,913 to €10,491
mainly Trade debts (+€18,742) and Depreciation (+€10,113)
- Receivables within one year -€3,176
down €3,176 (-2.7%), from €119,397 to €116,221
of which Trade receivables: -€8,757
- Trade debts +€18,742
up €18,742 (+45.1%), from €41,528 to €60,270
- Profit (loss) carried forward -€15,162
down €15,162 (-33.6%), from €45,121 to €29,960
- Tax, wage and social debts -€11,015
down €11,015 (-55.7%), from €19,764 to €8,750
of which Taxes: -€9,480
- Accrued charges and deferred income -€5,509
down €5,509 (-90.7%), from €6,073 to €564
- Debts after one year -€5,267
down €5,267 (-74.4%), from €7,077 to €1,810
- Gross operating margin -€75,145
down €75,145 (-77.8%), from €96,584 to €21,439
- Taxes -€13,330
down €13,330 (-98.8%), from €13,497 to €167
- Staff costs +€7,111
up €7,111 (+43.2%), from €16,470 to €23,581
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,394 | €155,140 | -€13,254 | -7.9% |
| Fixed assets | 21/28 | €22,526 | €12,901 | -€9,625 | -42.7% |
| Tangible fixed assets | 22/27 | €22,211 | €12,587 | -€9,625 | -43.3% |
| Plant, machinery and equipment | 23 | €2,713 | €1,878 | -€836 | -30.8% |
| Furniture and vehicles | 24 | €19,498 | €10,709 | -€8,789 | -45.1% |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €145,868 | €142,238 | -€3,629 | -2.5% |
| Amounts receivable within one year | 40/41 | €119,397 | €116,221 | -€3,176 | -2.7% |
| Trade receivables | 40 | €117,137 | €108,379 | -€8,757 | -7.5% |
| Other amounts receivable | 41 | €2,261 | €7,841 | +€5,581 | +247% |
| Cash at bank and in hand | 54/58 | €4,913 | €10,491 | +€5,577 | +114% |
| Deferred charges and accrued income | 490/1 | €21,557 | €15,527 | -€6,030 | -28.0% |
| Total equity and liabilities | 10/49 | €168,394 | €155,140 | -€13,254 | -7.9% |
| Equity | 10/15 | €65,581 | €50,420 | -€15,162 | -23.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,121 | €29,960 | -€15,162 | -33.6% |
| Amounts payable | 17/49 | €102,812 | €104,720 | +€1,908 | +1.9% |
| Amounts payable after more than one year | 17 | €7,077 | €1,810 | -€5,267 | -74.4% |
| Financial debts | 170/4 | €7,077 | €1,810 | -€5,267 | -74.4% |
| Amounts payable within one year | 42/48 | €89,663 | €102,346 | +€12,683 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €5,032 | €5,267 | +€236 | +4.7% |
| Trade debts | 44 | €41,528 | €60,270 | +€18,742 | +45.1% |
| Suppliers | 440/4 | €41,528 | €60,270 | +€18,742 | +45.1% |
| Taxes, remuneration and social security | 45 | €19,764 | €8,750 | -€11,015 | -55.7% |
| Taxes | 450/3 | €9,480 | - | -€9,480 | |
| Remuneration and social security | 454/9 | €10,284 | €8,750 | -€1,534 | -14.9% |
| Other amounts payable | 47/48 | €23,339 | €28,059 | +€4,721 | +20.2% |
| Accrued charges and deferred income | 492/3 | €6,073 | €564 | -€5,509 | -90.7% |
| Remuneration, social security and pensions | 62 | €16,470 | €23,581 | +€7,111 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,560 | €10,113 | -€447 | -4.2% |
| Other operating charges | 640/8 | €3,594 | €4,471 | +€877 | +24.4% |
| Gross operating margin | 9900 | €96,584 | €21,439 | -€75,145 | -77.8% |
| Operating profit (loss) | 9901 | €65,960 | -€16,726 | -€82,687 | |
| Financial income | 75/76B | €232 | €56 | -€175 | -75.6% |
| Recurring financial income | 75 | €232 | €56 | -€175 | -75.6% |
| Financial charges | 65/66B | €1,188 | €1,392 | +€204 | +17.2% |
| Recurring financial charges | 65 | €1,188 | €1,392 | +€204 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €65,004 | -€18,062 | -€83,066 | |
| Income taxes | 67/77 | €13,497 | €167 | -€13,330 | -98.8% |
| Profit (loss) for the period | 9904 | €51,507 | -€18,229 | -€69,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,507 | -€18,229 | -€69,736 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.