S.D. 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.
S.D. DECOR
Largest movements
- Receivables within one year -€18,741
down €18,741 (-90.7%), from €20,673 to €1,932
of which Trade receivables: -€17,679
- Cash +€13,820
up €13,820 (+158%), from €8,731 to €22,551
mainly Receivables within one year (+€18,741) and Accrued charges and deferred income (+€4,072)
- Tangible fixed assets -€3,774
no longer reported in 2025 (was €3,774)
- Trade debts -€4,854
no longer reported in 2025 (was €4,854)
- Tax, wage and social debts -€4,797
down €4,797 (-67.2%), from €7,137 to €2,340
- Accrued charges and deferred income +€4,072
new in 2025: €4,072
- Current portion of long-term debt -€2,626
down €2,626 (-94.1%), from €2,792 to €166
- Profit (loss) carried forward -€1,844
down €1,844 (-9.0%), from -€20,510 to -€22,354
- Staff costs +€2,737
up €2,737 (+70.1%), from €3,905 to €6,642
- Gross operating margin +€2,614
up €2,614 (+33.2%), from €7,875 to €10,489
- Taxes -€1,500
no longer reported in 2025 (was €1,500)
- Other operating charges -€262
down €262 (-18.5%), from €1,417 to €1,155
- Financial charges +€156
up €156 (+24.5%), from €637 to €793
of which Financial charges: +€156
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 | €33,242 | €24,547 | -€8,695 | -26.2% |
| Fixed assets | 21/28 | €3,838 | €64 | -€3,774 | -98.3% |
| Tangible fixed assets | 22/27 | €3,774 | - | -€3,774 | |
| Furniture and vehicles | 24 | €3,774 | - | -€3,774 | |
| Financial fixed assets | 28 | €64 | €64 | = | 0.0% |
| Current assets | 29/58 | €29,404 | €24,483 | -€4,921 | -16.7% |
| Amounts receivable within one year | 40/41 | €20,673 | €1,932 | -€18,741 | -90.7% |
| Trade receivables | 40 | €19,611 | €1,932 | -€17,679 | -90.1% |
| Other amounts receivable | 41 | €1,062 | - | -€1,062 | |
| Cash at bank and in hand | 54/58 | €8,731 | €22,551 | +€13,820 | +158% |
| Total equity and liabilities | 10/49 | €33,242 | €24,547 | -€8,695 | -26.2% |
| Equity | 10/15 | -€59 | -€1,903 | -€1,844 | -3,125% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,510 | -€22,354 | -€1,844 | -9.0% |
| Amounts payable | 17/49 | €33,301 | €26,450 | -€6,851 | -20.6% |
| Amounts payable within one year | 42/48 | €33,301 | €22,378 | -€10,923 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €2,792 | €166 | -€2,626 | -94.1% |
| Trade debts | 44 | €4,854 | - | -€4,854 | |
| Suppliers | 440/4 | €4,854 | - | -€4,854 | |
| Taxes, remuneration and social security | 45 | €7,137 | €2,340 | -€4,797 | -67.2% |
| Taxes | 450/3 | €7,137 | €2,340 | -€4,797 | -67.2% |
| Other amounts payable | 47/48 | €18,518 | €19,872 | +€1,354 | +7.3% |
| Accrued charges and deferred income | 492/3 | - | €4,072 | +€4,072 | |
| Remuneration, social security and pensions | 62 | €3,905 | €6,642 | +€2,737 | +70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,774 | €3,774 | = | 0.0% |
| Other operating charges | 640/8 | €1,417 | €1,155 | -€262 | -18.5% |
| Gross operating margin | 9900 | €7,875 | €10,489 | +€2,614 | +33.2% |
| Operating profit (loss) | 9901 | -€1,221 | -€1,082 | +€139 | +11.4% |
| Financial income | 75/76B | €1 | €31 | +€30 | +3,000% |
| Recurring financial income | 75 | €1 | €31 | +€30 | +3,000% |
| Financial charges | 65/66B | €637 | €793 | +€156 | +24.5% |
| Recurring financial charges | 65 | €579 | €735 | +€156 | +26.9% |
| Non-recurring financial charges | 66B | €58 | €58 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,857 | -€1,844 | +€13 | +0.7% |
| Income taxes | 67/77 | €1,500 | - | -€1,500 | |
| Profit (loss) for the period | 9904 | -€3,357 | -€1,844 | +€1,513 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,357 | -€1,844 | +€1,513 | +45.1% |
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 18 October 2026 via checked.be.