DS DECOR: what changed
What changed
DS DECOR
NACE 43.341, Painting of buildings
filed annual accounts (NBB)
Net result for the year
-€23,351
2024 · -€5,910-€17,441
Equity
€371,539
2024 · €394,890-€23,351
Cash
€54,297
2024 · €224,426-€170,130
Balance sheet total
€727,648
2024 · €677,312+€50,337
Largest movements
Assets
- Tangible fixed assets +€219,641
up €219,641 (+77.8%), from €282,395 to €502,035
of which Land and buildings: +€276,984
- Cash -€170,130
down €170,130 (-75.8%), from €224,426 to €54,297
mainly Investment in fixed assets (net) (-€290,027) and Debts after one year (-€31,627)
Equity and liabilities
- Other debts +€80,383
up €80,383 (+8,150%), from €986 to €81,369
- Debts after one year -€31,627
down €31,627 (-28.1%), from €112,383 to €80,757
- Trade debts +€17,875
up €17,875 (+27.9%), from €64,121 to €81,996
- Reserves -€16,237
down €16,237 (-17.8%), from €91,212 to €74,974
- Tax, wage and social debts +€9,070
up €9,070 (+84.8%), from €10,699 to €19,769
of which Taxes: +€10,095
Income statement
- Gross operating margin -€18,263
down €18,263 (-6.7%), from €271,984 to €253,721
- Staff costs -€6,651
down €6,651 (-3.1%), from €213,682 to €207,031
- Depreciation +€5,980
up €5,980 (+9.3%), from €64,406 to €70,386
- Financial income +€4,112
up €4,112 (+81.0%), from €5,079 to €9,191
of which Non-recurring financial income: +€4,656
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
-€5,910
Gross operating margin
-€18,263
Staff costs
+€6,651
Depreciation
-€5,980
Other operating charges
-€1,300
Financial income
+€4,112
Financial charges
-€2,661
Result 2025
-€23,351
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
+€154,170
Investment
-€290,027
Financing
-€34,272
Cash 2024
€224,426
From operations (derived)
+€154,170
Net result for the year
-€23,351
Depreciation
+€70,386
Stocks and contracts
-€1,000
Receivables within one year
+€2,376
Deferred charges and accrued income
-€2,202
Trade debts
+€17,875
Tax, wage and social debts
+€9,070
Advances received
+€632
Other debts
+€80,383
Investment (derived)
-€290,027
Investment in fixed assets (net)
-€290,027
Financing
-€34,272
Debts after one year
-€31,627
Current portion of long-term debt
-€2,032
Short-term financial debts
-€614
Cash 2025
€54,297
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €677,312 | €727,648 | +€50,337 | +7.4% |
| Fixed assets | 21/28 | €282,515 | €502,155 | +€219,641 | +77.7% |
| Tangible fixed assets | 22/27 | €282,395 | €502,035 | +€219,641 | +77.8% |
| Land and buildings | 22 | €37,093 | €314,077 | +€276,984 | +747% |
| Plant, machinery and equipment | 23 | €16,428 | €17,542 | +€1,115 | +6.8% |
| Furniture and vehicles | 24 | €135,924 | €117,904 | -€18,020 | -13.3% |
| Leasing and similar rights | 25 | €38,440 | €11,986 | -€26,455 | -68.8% |
| Other tangible fixed assets | 26 | €54,509 | €40,527 | -€13,983 | -25.7% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €394,797 | €225,493 | -€169,304 | -42.9% |
| Stocks and contracts in progress | 3 | €95,000 | €96,000 | +€1,000 | +1.1% |
| Stocks | 30/36 | €95,000 | €96,000 | +€1,000 | +1.1% |
| Amounts receivable within one year | 40/41 | €66,584 | €64,208 | -€2,376 | -3.6% |
| Trade receivables | 40 | €47,093 | €63,943 | +€16,850 | +35.8% |
| Other amounts receivable | 41 | €19,491 | €264 | -€19,226 | -98.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €224,426 | €54,297 | -€170,130 | -75.8% |
| Deferred charges and accrued income | 490/1 | €8,787 | €10,989 | +€2,202 | +25.1% |
| Total equity and liabilities | 10/49 | €677,312 | €727,648 | +€50,337 | +7.4% |
| Equity | 10/15 | €394,890 | €371,539 | -€23,351 | -5.9% |
| Contributions | 10/11 | €303,678 | €303,678 | = | 0.0% |
| Reserves | 13 | €91,212 | €74,974 | -€16,237 | -17.8% |
| Distributable reserves | 133 | €91,212 | €74,974 | -€16,237 | -17.8% |
| Profit (loss) carried forward | 14 | - | -€7,114 | -€7,114 | |
| Amounts payable | 17/49 | €282,422 | €356,109 | +€73,688 | +26.1% |
| Amounts payable after more than one year | 17 | €112,383 | €80,757 | -€31,627 | -28.1% |
| Financial debts | 170/4 | €112,383 | €80,757 | -€31,627 | -28.1% |
| Amounts payable within one year | 42/48 | €170,038 | €275,352 | +€105,314 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €34,835 | €32,804 | -€2,032 | -5.8% |
| Financial debts | 43 | €762 | €148 | -€614 | -80.6% |
| Credit institutions | 430/8 | €762 | €148 | -€614 | -80.6% |
| Trade debts | 44 | €64,121 | €81,996 | +€17,875 | +27.9% |
| Suppliers | 440/4 | €64,121 | €81,996 | +€17,875 | +27.9% |
| Advances received on contracts in progress | 46 | €58,634 | €59,266 | +€632 | +1.1% |
| Taxes, remuneration and social security | 45 | €10,699 | €19,769 | +€9,070 | +84.8% |
| Taxes | 450/3 | €0 | €10,095 | +€10,095 | |
| Remuneration and social security | 454/9 | €10,699 | €9,674 | -€1,025 | -9.6% |
| Other amounts payable | 47/48 | €986 | €81,369 | +€80,383 | +8,150% |
| Remuneration, social security and pensions | 62 | €213,682 | €207,031 | -€6,651 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,406 | €70,386 | +€5,980 | +9.3% |
| Other operating charges | 640/8 | €3,339 | €4,639 | +€1,300 | +38.9% |
| Gross operating margin | 9900 | €271,984 | €253,721 | -€18,263 | -6.7% |
| Operating profit (loss) | 9901 | -€9,443 | -€28,336 | -€18,892 | -200% |
| Financial income | 75/76B | €5,079 | €9,191 | +€4,112 | +81.0% |
| Recurring financial income | 75 | €5,079 | €4,535 | -€544 | -10.7% |
| Non-recurring financial income | 76B | €0 | €4,656 | +€4,656 | |
| Financial charges | 65/66B | €1,545 | €4,206 | +€2,661 | +172% |
| Recurring financial charges | 65 | €1,545 | €4,206 | +€2,661 | +172% |
| Profit (loss) for the period before taxes | 9903 | -€5,910 | -€23,351 | -€17,441 | -295% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,910 | -€23,351 | -€17,441 | -295% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,910 | -€23,351 | -€17,441 | -295% |
Next steps
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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 1 November 2026 via checked.be.