M&S 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.
M&S DECOR
Largest movements
- Receivables within one year +€236,817
up €236,817 (+1648.9%), from €14,362 to €251,179
of which Trade receivables: +€185,262
- Cash -€44,043
down €44,043 (-51.6%), from €85,363 to €41,320
mainly Receivables within one year (-€236,817) and Investment in fixed assets (net) (-€7,076)
- Tangible fixed assets +€5,896
new in 2025: €5,896
- Trade debts +€184,239
up €184,239 (+571.7%), from €32,224 to €216,464
of which Bills of exchange payable: +€186,427
- Profit (loss) carried forward +€16,766
up €16,766 (+29.3%), from €57,288 to €74,053
- Turnover -€396,243
no longer reported in 2025 (was €396,243)
- Purchases and services -€362,228
no longer reported in 2025 (was €362,228)
- Gross operating margin -€11,078
down €11,078 (-32.6%), from €34,015 to €22,937
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 | €99,725 | €298,395 | +€198,670 | +199.2% |
| Fixed assets | 21/28 | - | €5,896 | +€5,896 | |
| Tangible fixed assets | 22/27 | - | €5,896 | +€5,896 | |
| Furniture and vehicles | 24 | - | €5,896 | +€5,896 | |
| Current assets | 29/58 | €99,725 | €292,499 | +€192,774 | +193.3% |
| Amounts receivable within one year | 40/41 | €14,362 | €251,179 | +€236,817 | +1648.9% |
| Trade receivables | 40 | €4,067 | €189,330 | +€185,262 | +4555.0% |
| Other amounts receivable | 41 | €10,295 | €61,849 | +€51,554 | +500.8% |
| Cash at bank and in hand | 54/58 | €85,363 | €41,320 | -€44,043 | -51.6% |
| Total equity and liabilities | 10/49 | €99,725 | €298,395 | +€198,670 | +199.2% |
| Equity | 10/15 | €60,288 | €77,053 | +€16,766 | +27.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,288 | €74,053 | +€16,766 | +29.3% |
| Amounts payable | 17/49 | €39,437 | €221,342 | +€181,904 | +461.3% |
| Amounts payable within one year | 42/48 | €39,437 | €221,342 | +€181,904 | +461.3% |
| Trade debts | 44 | €32,224 | €216,464 | +€184,239 | +571.7% |
| Suppliers | 440/4 | €2,224 | €36 | -€2,188 | -98.4% |
| Bills of exchange payable | 441 | €30,000 | €216,427 | +€186,427 | +621.4% |
| Taxes, remuneration and social security | 45 | €7,213 | €4,878 | -€2,335 | -32.4% |
| Taxes | 450/3 | €7,213 | €4,878 | -€2,335 | -32.4% |
| Turnover | 70 | €396,243 | - | -€396,243 | |
| Goods, raw materials, services and sundry goods | 60/61 | €362,228 | - | -€362,228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,179 | +€1,179 | |
| Other operating charges | 640/8 | €145 | - | -€145 | |
| Gross operating margin | 9900 | €34,015 | €22,937 | -€11,078 | -32.6% |
| Operating profit (loss) | 9901 | €33,870 | €21,757 | -€12,113 | -35.8% |
| Financial charges | 65/66B | €301 | €240 | -€61 | -20.2% |
| Recurring financial charges | 65 | €301 | €240 | -€61 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €33,569 | €21,517 | -€12,052 | -35.9% |
| Income taxes | 67/77 | €7,161 | €4,752 | -€2,409 | -33.6% |
| Profit (loss) for the period | 9904 | €26,409 | €16,766 | -€9,643 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,409 | €16,766 | -€9,643 | -36.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.