ER. DECOR: what changed
Two fiscal 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.
ER. DECOR
Largest movements
- Tangible fixed assets -€51,751
down €51,751 (-10.5%), from €493,698 to €441,947
of which Furniture and vehicles: -€41,160
- Receivables within one year +€16,401
up €16,401 (+85.7%), from €19,142 to €35,543
of which Trade receivables: +€17,389
- Stocks and contracts -€10,160
down €10,160 (-39.8%), from €25,546 to €15,386
of which Contracts in progress: -€6,250
- Cash -€7,639
down €7,639 (-28.8%), from €26,569 to €18,930
mainly Debts after one year (-€32,617) and Tax, wage and social debts (-€19,188)
- Debts after one year -€32,617
down €32,617 (-38.1%), from €85,590 to €52,973
- Tax, wage and social debts -€19,188
down €19,188 (-60.4%), from €31,771 to €12,583
of which Taxes: -€22,710
- Advances received +€9,680
new in 2025: €9,680
- Other debts -€9,572
down €9,572 (-3.6%), from €269,342 to €259,770
- Staff costs +€39,873
up €39,873 (+349.5%), from €11,409 to €51,282
- Gross operating margin +€39,529
up €39,529 (+69.2%), from €57,137 to €96,666
- Depreciation +€6,744
up €6,744 (+22.2%), from €30,427 to €37,172
- Financial charges -€3,261
down €3,261 (-61.6%), from €5,291 to €2,030
- Taxes -€2,225
down €2,225 (-56.2%), from €3,962 to €1,737
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.
Cash bridge derived
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 | €571,768 | €518,690 | -€53,078 | -9.3% |
| Fixed assets | 21/28 | €493,698 | €441,947 | -€51,751 | -10.5% |
| Tangible fixed assets | 22/27 | €493,698 | €441,947 | -€51,751 | -10.5% |
| Land and buildings | 22 | €395,635 | €383,485 | -€12,149 | -3.1% |
| Plant, machinery and equipment | 23 | €5,954 | €7,512 | +€1,558 | +26.2% |
| Furniture and vehicles | 24 | €92,110 | €50,950 | -€41,160 | -44.7% |
| Current assets | 29/58 | €78,070 | €76,743 | -€1,327 | -1.7% |
| Stocks and contracts in progress | 3 | €25,546 | €15,386 | -€10,160 | -39.8% |
| Stocks | 30/36 | €6,060 | €2,150 | -€3,910 | -64.5% |
| Contracts in progress | 37 | €19,486 | €13,236 | -€6,250 | -32.1% |
| Amounts receivable within one year | 40/41 | €19,142 | €35,543 | +€16,401 | +85.7% |
| Trade receivables | 40 | €17,189 | €34,578 | +€17,389 | +101.2% |
| Other amounts receivable | 41 | €1,953 | €965 | -€988 | -50.6% |
| Cash at bank and in hand | 54/58 | €26,569 | €18,930 | -€7,639 | -28.8% |
| Deferred charges and accrued income | 490/1 | €6,813 | €6,884 | +€71 | +1.0% |
| Total equity and liabilities | 10/49 | €571,768 | €518,690 | -€53,078 | -9.3% |
| Equity | 10/15 | €162,668 | €164,925 | +€2,257 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,068 | €146,325 | +€2,257 | +1.6% |
| Tax-exempt reserves | 132 | €912 | €912 | = | 0.0% |
| Distributable reserves | 133 | €143,156 | €145,413 | +€2,257 | +1.6% |
| Amounts payable | 17/49 | €409,101 | €353,765 | -€55,335 | -13.5% |
| Amounts payable after more than one year | 17 | €85,590 | €52,973 | -€32,617 | -38.1% |
| Financial debts | 170/4 | €85,590 | €52,973 | -€32,617 | -38.1% |
| Amounts payable within one year | 42/48 | €323,203 | €300,392 | -€22,811 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €12,810 | €13,047 | +€236 | +1.8% |
| Trade debts | 44 | €9,280 | €5,313 | -€3,967 | -42.7% |
| Suppliers | 440/4 | €9,280 | €5,313 | -€3,967 | -42.7% |
| Advances received on contracts in progress | 46 | - | €9,680 | +€9,680 | |
| Taxes, remuneration and social security | 45 | €31,771 | €12,583 | -€19,188 | -60.4% |
| Taxes | 450/3 | €25,642 | €2,932 | -€22,710 | -88.6% |
| Remuneration and social security | 454/9 | €6,129 | €9,651 | +€3,522 | +57.5% |
| Other amounts payable | 47/48 | €269,342 | €259,770 | -€9,572 | -3.6% |
| Accrued charges and deferred income | 492/3 | €308 | €400 | +€92 | +29.9% |
| Non-recurring operating income | 76A | €54,522 | €4,058 | -€50,465 | -92.6% |
| Remuneration, social security and pensions | 62 | €11,409 | €51,282 | +€39,873 | +349.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,427 | €37,172 | +€6,744 | +22.2% |
| Other operating charges | 640/8 | €1,379 | €2,437 | +€1,058 | +76.7% |
| Gross operating margin | 9900 | €57,137 | €96,666 | +€39,529 | +69.2% |
| Operating profit (loss) | 9901 | €13,921 | €5,775 | -€8,146 | -58.5% |
| Financial income | 75/76B | €409 | €249 | -€159 | -39.0% |
| Recurring financial income | 75 | €409 | €249 | -€159 | -39.0% |
| Financial charges | 65/66B | €5,291 | €2,030 | -€3,261 | -61.6% |
| Recurring financial charges | 65 | €5,291 | €2,030 | -€3,261 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €9,039 | €3,994 | -€5,044 | -55.8% |
| Income taxes | 67/77 | €3,962 | €1,737 | -€2,225 | -56.2% |
| Profit (loss) for the period | 9904 | €5,077 | €2,257 | -€2,819 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,077 | €2,257 | -€2,819 | -55.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.