ML DECOR: 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.
ML DECOR
Largest movements
- Tangible fixed assets -€18,943
down €18,943 (-7.7%), from €246,574 to €227,631
of which Other tangible fixed assets: -€17,280
- Cash +€12,766
up €12,766 (+13.0%), from €98,319 to €111,085
mainly Depreciation (+€41,420) and Net result for the year (+€15,849)
- Reserves +€15,849
up €15,849 (+15.5%), from €102,564 to €118,413
- Debts after one year -€13,469
down €13,469 (-11.1%), from €121,788 to €108,319
- Tax, wage and social debts -€11,915
down €11,915 (-74.9%), from €15,898 to €3,983
- Depreciation +€8,916
up €8,916 (+27.4%), from €32,505 to €41,420
- Gross operating margin +€7,087
up €7,087 (+11.1%), from €63,718 to €70,805
- Financial charges -€927
down €927 (-12.1%), from €7,680 to €6,754
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 | €424,503 | €419,675 | -€4,828 | -1.1% |
| Fixed assets | 21/28 | €246,574 | €227,631 | -€18,943 | -7.7% |
| Tangible fixed assets | 22/27 | €246,574 | €227,631 | -€18,943 | -7.7% |
| Plant, machinery and equipment | 23 | €9,467 | €15,351 | +€5,884 | +62.1% |
| Furniture and vehicles | 24 | €26,487 | €18,941 | -€7,546 | -28.5% |
| Other tangible fixed assets | 26 | €210,620 | €193,339 | -€17,280 | -8.2% |
| Current assets | 29/58 | €177,929 | €192,044 | +€14,114 | +7.9% |
| Stocks and contracts in progress | 3 | €35,620 | €34,550 | -€1,070 | -3.0% |
| Stocks | 30/36 | €35,620 | €34,550 | -€1,070 | -3.0% |
| Amounts receivable within one year | 40/41 | €43,195 | €45,290 | +€2,095 | +4.9% |
| Trade receivables | 40 | €20,862 | €17,025 | -€3,837 | -18.4% |
| Other amounts receivable | 41 | €22,333 | €28,265 | +€5,933 | +26.6% |
| Cash at bank and in hand | 54/58 | €98,319 | €111,085 | +€12,766 | +13.0% |
| Deferred charges and accrued income | 490/1 | €795 | €1,118 | +€323 | +40.6% |
| Total equity and liabilities | 10/49 | €424,503 | €419,675 | -€4,828 | -1.1% |
| Equity | 10/15 | €243,771 | €259,619 | +€15,849 | +6.5% |
| Contributions | 10/11 | €98,580 | €98,580 | = | 0.0% |
| Reserves | 13 | €102,564 | €118,413 | +€15,849 | +15.5% |
| Distributable reserves | 133 | €102,564 | €118,413 | +€15,849 | +15.5% |
| Profit (loss) carried forward | 14 | €42,626 | €42,626 | = | 0.0% |
| Amounts payable | 17/49 | €180,732 | €160,056 | -€20,677 | -11.4% |
| Amounts payable after more than one year | 17 | €121,788 | €108,319 | -€13,469 | -11.1% |
| Financial debts | 170/4 | €121,788 | €108,319 | -€13,469 | -11.1% |
| Amounts payable within one year | 42/48 | €54,849 | €47,026 | -€7,823 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €12,885 | €13,469 | +€583 | +4.5% |
| Trade debts | 44 | €26,065 | €29,574 | +€3,509 | +13.5% |
| Suppliers | 440/4 | €26,065 | €29,574 | +€3,509 | +13.5% |
| Taxes, remuneration and social security | 45 | €15,898 | €3,983 | -€11,915 | -74.9% |
| Taxes | 450/3 | €15,898 | €3,983 | -€11,915 | -74.9% |
| Accrued charges and deferred income | 492/3 | €4,096 | €4,710 | +€614 | +15.0% |
| Non-recurring operating income | 76A | - | €10,329 | +€10,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,505 | €41,420 | +€8,916 | +27.4% |
| Other operating charges | 640/8 | €1,395 | €1,125 | -€270 | -19.4% |
| Gross operating margin | 9900 | €63,718 | €70,805 | +€7,087 | +11.1% |
| Operating profit (loss) | 9901 | €29,818 | €28,260 | -€1,558 | -5.2% |
| Financial income | 75/76B | €992 | €898 | -€94 | -9.5% |
| Recurring financial income | 75 | €992 | €898 | -€94 | -9.5% |
| Financial charges | 65/66B | €7,680 | €6,754 | -€927 | -12.1% |
| Recurring financial charges | 65 | €7,680 | €6,754 | -€927 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €23,130 | €22,405 | -€726 | -3.1% |
| Income taxes | 67/77 | €6,854 | €6,556 | -€298 | -4.3% |
| Profit (loss) for the period | 9904 | €16,277 | €15,849 | -€428 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,277 | €15,849 | -€428 | -2.6% |
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 12 October 2026 via checked.be.