M DECKERS: 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.
M DECKERS
Largest movements
- Tangible fixed assets -€20,539
down €20,539 (-61.7%), from €33,303 to €12,764
of which Plant, machinery and equipment: -€18,447
- Cash +€19,252
up €19,252 (+22.1%), from €87,144 to €106,396
mainly Trade debts (+€23,920) and Depreciation (+€21,734)
- Receivables within one year +€8,449
up €8,449 (+12.6%), from €67,192 to €75,641
of which Other amounts receivable: +€7,616
- Stocks and contracts -€3,791
down €3,791 (-27.1%), from €13,997 to €10,207
- Trade debts +€23,920
up €23,920 (+123.6%), from €19,360 to €43,280
- Profit (loss) carried forward +€20,602
up €20,602 (+28.7%), from €71,799 to €92,401
- Other debts -€19,297
down €19,297 (-32.8%), from €58,801 to €39,504
- Debts after one year -€13,328
no longer reported in 2025 (was €13,328)
- Current portion of long-term debt -€6,784
down €6,784 (-33.7%), from €20,112 to €13,328
- Gross operating margin -€17,191
down €17,191 (-17.4%), from €98,575 to €81,384
- Staff costs -€5,274
down €5,274 (-14.7%), from €35,875 to €30,601
- Depreciation -€2,191
down €2,191 (-9.2%), from €23,925 to €21,734
- Taxes -€1,372
down €1,372 (-17.7%), from €7,771 to €6,399
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 | €207,147 | €208,644 | +€1,497 | +0.7% |
| Fixed assets | 21/28 | €36,080 | €14,346 | -€21,734 | -60.2% |
| Intangible fixed assets | 21 | €2,778 | €1,583 | -€1,195 | -43.0% |
| Tangible fixed assets | 22/27 | €33,303 | €12,764 | -€20,539 | -61.7% |
| Plant, machinery and equipment | 23 | €31,210 | €12,764 | -€18,447 | -59.1% |
| Furniture and vehicles | 24 | €2,092 | - | -€2,092 | |
| Current assets | 29/58 | €171,067 | €194,298 | +€23,231 | +13.6% |
| Stocks and contracts in progress | 3 | €13,997 | €10,207 | -€3,791 | -27.1% |
| Stocks | 30/36 | €13,997 | €10,207 | -€3,791 | -27.1% |
| Amounts receivable within one year | 40/41 | €67,192 | €75,641 | +€8,449 | +12.6% |
| Trade receivables | 40 | €67,174 | €68,008 | +€834 | +1.2% |
| Other amounts receivable | 41 | €17 | €7,633 | +€7,616 | +43870.4% |
| Cash at bank and in hand | 54/58 | €87,144 | €106,396 | +€19,252 | +22.1% |
| Deferred charges and accrued income | 490/1 | €2,735 | €2,054 | -€680 | -24.9% |
| Total equity and liabilities | 10/49 | €207,147 | €208,644 | +€1,497 | +0.7% |
| Equity | 10/15 | €76,799 | €97,401 | +€20,602 | +26.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,799 | €92,401 | +€20,602 | +28.7% |
| Amounts payable | 17/49 | €130,348 | €111,243 | -€19,105 | -14.7% |
| Amounts payable after more than one year | 17 | €13,328 | - | -€13,328 | |
| Financial debts | 170/4 | €13,328 | - | -€13,328 | |
| Amounts payable within one year | 42/48 | €117,020 | €109,262 | -€7,758 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €20,112 | €13,328 | -€6,784 | -33.7% |
| Trade debts | 44 | €19,360 | €43,280 | +€23,920 | +123.6% |
| Suppliers | 440/4 | €19,360 | €43,280 | +€23,920 | +123.6% |
| Taxes, remuneration and social security | 45 | €18,747 | €13,149 | -€5,598 | -29.9% |
| Taxes | 450/3 | €12,585 | €8,541 | -€4,045 | -32.1% |
| Remuneration and social security | 454/9 | €6,161 | €4,608 | -€1,553 | -25.2% |
| Other amounts payable | 47/48 | €58,801 | €39,504 | -€19,297 | -32.8% |
| Accrued charges and deferred income | 492/3 | - | €1,982 | +€1,982 | |
| Remuneration, social security and pensions | 62 | €35,875 | €30,601 | -€5,274 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,925 | €21,734 | -€2,191 | -9.2% |
| Other operating charges | 640/8 | €795 | €1,179 | +€384 | +48.3% |
| Gross operating margin | 9900 | €98,575 | €81,384 | -€17,191 | -17.4% |
| Operating profit (loss) | 9901 | €37,981 | €27,871 | -€10,110 | -26.6% |
| Financial charges | 65/66B | €1,190 | €870 | -€320 | -26.9% |
| Recurring financial charges | 65 | €1,190 | €870 | -€320 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €36,791 | €27,000 | -€9,790 | -26.6% |
| Income taxes | 67/77 | €7,771 | €6,399 | -€1,372 | -17.7% |
| Profit (loss) for the period | 9904 | €29,020 | €20,602 | -€8,418 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,020 | €20,602 | -€8,418 | -29.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.