NUANCES DECORATIONS: 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.
NUANCES DECORATIONS
Largest movements
- Cash -€129,765
down €129,765 (-41.7%), from €311,487 to €181,723
mainly Receivables within one year (-€64,491) and Contributions, distributions and other (-€52,143)
- Receivables within one year +€64,491
up €64,491 (+60.8%), from €106,080 to €170,571
of which Other amounts receivable: +€77,816
- Trade debts -€36,801
down €36,801 (-38.0%), from €96,797 to €59,997
- Other debts -€21,747
down €21,747 (-22.0%), from €98,892 to €77,144
- Gross operating margin +€64,267
up €64,267 (+115.8%), from €55,507 to €119,774
- Taxes +€18,072
up €18,072 (+267.6%), from €6,752 to €24,824
- Depreciation +€1,881
up €1,881 (+6.0%), from €31,103 to €32,983
- Staff costs -€1,448
no longer reported in 2025 (was €1,448)
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 | €863,004 | €799,488 | -€63,516 | -7.4% |
| Fixed assets | 21/28 | €157,220 | €151,996 | -€5,223 | -3.3% |
| Tangible fixed assets | 22/27 | €157,220 | €151,996 | -€5,223 | -3.3% |
| Land and buildings | 22 | €55,655 | €49,793 | -€5,862 | -10.5% |
| Plant, machinery and equipment | 23 | €790 | €54 | -€736 | -93.2% |
| Furniture and vehicles | 24 | €4,695 | €1,201 | -€3,493 | -74.4% |
| Other tangible fixed assets | 26 | €96,080 | €100,948 | +€4,868 | +5.1% |
| Current assets | 29/58 | €705,784 | €647,491 | -€58,293 | -8.3% |
| Stocks and contracts in progress | 3 | €286,743 | €295,198 | +€8,455 | +2.9% |
| Stocks | 30/36 | €286,743 | €295,198 | +€8,455 | +2.9% |
| Amounts receivable within one year | 40/41 | €106,080 | €170,571 | +€64,491 | +60.8% |
| Trade receivables | 40 | €23,452 | €10,127 | -€13,325 | -56.8% |
| Other amounts receivable | 41 | €82,628 | €160,444 | +€77,816 | +94.2% |
| Cash at bank and in hand | 54/58 | €311,487 | €181,723 | -€129,765 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,474 | - | -€1,474 | |
| Total equity and liabilities | 10/49 | €863,004 | €799,488 | -€63,516 | -7.4% |
| Equity | 10/15 | €622,754 | €631,215 | +€8,461 | +1.4% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €591,754 | €600,215 | +€8,461 | +1.4% |
| Distributable reserves | 133 | €591,754 | €600,215 | +€8,461 | +1.4% |
| Amounts payable | 17/49 | €240,250 | €168,273 | -€71,978 | -30.0% |
| Amounts payable within one year | 42/48 | €240,250 | €168,273 | -€71,978 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €4,872 | - | -€4,872 | |
| Trade debts | 44 | €96,797 | €59,997 | -€36,801 | -38.0% |
| Suppliers | 440/4 | €96,797 | €59,997 | -€36,801 | -38.0% |
| Taxes, remuneration and social security | 45 | €39,690 | €31,132 | -€8,558 | -21.6% |
| Taxes | 450/3 | €39,325 | €30,632 | -€8,694 | -22.1% |
| Remuneration and social security | 454/9 | €364 | €500 | +€136 | +37.3% |
| Other amounts payable | 47/48 | €98,892 | €77,144 | -€21,747 | -22.0% |
| Remuneration, social security and pensions | 62 | €1,448 | - | -€1,448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,103 | €32,983 | +€1,881 | +6.0% |
| Other operating charges | 640/8 | €3,222 | €2,555 | -€667 | -20.7% |
| Gross operating margin | 9900 | €55,507 | €119,774 | +€64,267 | +115.8% |
| Operating profit (loss) | 9901 | €19,734 | €84,236 | +€64,502 | +326.9% |
| Financial income | 75/76B | €944 | €1,554 | +€609 | +64.5% |
| Recurring financial income | 75 | €944 | €1,554 | +€609 | +64.5% |
| Financial charges | 65/66B | €490 | €361 | -€130 | -26.4% |
| Recurring financial charges | 65 | €490 | €361 | -€130 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €20,188 | €85,429 | +€65,241 | +323.2% |
| Income taxes | 67/77 | €6,752 | €24,824 | +€18,072 | +267.6% |
| Profit (loss) for the period | 9904 | €13,435 | €60,604 | +€47,169 | +351.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,435 | €60,604 | +€47,169 | +351.1% |
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 12 October 2026 via checked.be.