MEUBLES DECOREX: 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.
MEUBLES DECOREX
Largest movements
- Tangible fixed assets +€90,490
up €90,490 (+40.7%), from €222,062 to €312,552
of which Plant, machinery and equipment: +€99,816
- Cash +€39,088
up €39,088 (+230%), from €16,983 to €56,070
mainly Other debts (+€166,085) and Debts after one year (+€66,569)
- Other debts +€166,085
up €166,085 (+124%), from €134,018 to €300,103
- Reserves -€92,539
down €92,539 (-13.8%), from €669,276 to €576,737
of which Distributable reserves: -€92,539
- Debts after one year +€66,569
up €66,569 (+118%), from €56,340 to €122,909
- Advances received +€64,352
up €64,352 (+195%), from €33,014 to €97,366
- Tax, wage and social debts -€44,897
down €44,897 (-61.4%), from €73,115 to €28,218
of which Remuneration and social security: -€33,089
- Staff costs -€35,112
down €35,112 (-8.4%), from €415,810 to €380,698
- Gross operating margin -€13,968
down €13,968 (-2.9%), from €480,221 to €466,252
- Depreciation +€7,224
up €7,224 (+26.1%), from €27,712 to €34,936
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 | €1,281,176 | €1,434,686 | +€153,510 | +12.0% |
| Fixed assets | 21/28 | €224,095 | €314,585 | +€90,490 | +40.4% |
| Tangible fixed assets | 22/27 | €222,062 | €312,552 | +€90,490 | +40.7% |
| Land and buildings | 22 | €103,476 | €103,476 | = | 0.0% |
| Plant, machinery and equipment | 23 | €84,838 | €184,655 | +€99,816 | +118% |
| Furniture and vehicles | 24 | €33,748 | €24,422 | -€9,326 | -27.6% |
| Financial fixed assets | 28 | €2,033 | €2,033 | = | 0.0% |
| Current assets | 29/58 | €1,057,081 | €1,120,101 | +€63,020 | +6.0% |
| Stocks and contracts in progress | 3 | €763,667 | €775,518 | +€11,851 | +1.6% |
| Stocks | 30/36 | €763,667 | €775,518 | +€11,851 | +1.6% |
| Amounts receivable within one year | 40/41 | €270,412 | €282,628 | +€12,216 | +4.5% |
| Trade receivables | 40 | €11,461 | €15,028 | +€3,567 | +31.1% |
| Other amounts receivable | 41 | €258,951 | €267,599 | +€8,649 | +3.3% |
| Cash at bank and in hand | 54/58 | €16,983 | €56,070 | +€39,088 | +230% |
| Deferred charges and accrued income | 490/1 | €6,020 | €5,886 | -€134 | -2.2% |
| Total equity and liabilities | 10/49 | €1,281,176 | €1,434,686 | +€153,510 | +12.0% |
| Equity | 10/15 | €731,276 | €638,737 | -€92,539 | -12.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €669,276 | €576,737 | -€92,539 | -13.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €663,076 | €570,537 | -€92,539 | -14.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €549,900 | €795,949 | +€246,049 | +44.7% |
| Amounts payable after more than one year | 17 | €56,340 | €122,909 | +€66,569 | +118% |
| Financial debts | 170/4 | €56,340 | €122,909 | +€66,569 | +118% |
| Amounts payable within one year | 42/48 | €493,560 | €673,040 | +€179,480 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €21,867 | €34,268 | +€12,401 | +56.7% |
| Financial debts | 43 | €11,995 | €12,070 | +€75 | +0.6% |
| Credit institutions | 430/8 | €11,995 | €12,070 | +€75 | +0.6% |
| Trade debts | 44 | €219,551 | €201,015 | -€18,536 | -8.4% |
| Suppliers | 440/4 | €219,551 | €201,015 | -€18,536 | -8.4% |
| Advances received on contracts in progress | 46 | €33,014 | €97,366 | +€64,352 | +195% |
| Taxes, remuneration and social security | 45 | €73,115 | €28,218 | -€44,897 | -61.4% |
| Taxes | 450/3 | €11,808 | €0 | -€11,808 | -100% |
| Remuneration and social security | 454/9 | €61,306 | €28,218 | -€33,089 | -54.0% |
| Other amounts payable | 47/48 | €134,018 | €300,103 | +€166,085 | +124% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,711 | €1,335 | -€6,376 | -82.7% |
| Remuneration, social security and pensions | 62 | €415,810 | €380,698 | -€35,112 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,712 | €34,936 | +€7,224 | +26.1% |
| Other operating charges | 640/8 | €28,430 | €29,141 | +€711 | +2.5% |
| Non-recurring operating charges | 66A | €929 | €395 | -€534 | -57.5% |
| Gross operating margin | 9900 | €480,221 | €466,252 | -€13,968 | -2.9% |
| Operating profit (loss) | 9901 | €7,340 | €21,082 | +€13,743 | +187% |
| Financial income | 75/76B | €36,382 | €33,048 | -€3,334 | -9.2% |
| Recurring financial income | 75 | €36,382 | €33,048 | -€3,334 | -9.2% |
| Financial charges | 65/66B | €13,401 | €15,230 | +€1,829 | +13.7% |
| Recurring financial charges | 65 | €13,401 | €15,230 | +€1,829 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €30,321 | €38,900 | +€8,579 | +28.3% |
| Income taxes | 67/77 | €9,170 | €11,439 | +€2,269 | +24.7% |
| Profit (loss) for the period | 9904 | €21,151 | €27,461 | +€6,310 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,151 | €27,461 | +€6,310 | +29.8% |
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 30 October 2026 via checked.be.