SB-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.
SB-Decorations
Largest movements
- Cash -€48,029
down €48,029 (-57.3%), from €83,884 to €35,855
mainly Investment in fixed assets (net) (-€38,820) and Net result for the year (-€36,164)
- Tangible fixed assets +€30,448
up €30,448 (+116.1%), from €26,230 to €56,679
of which Other tangible fixed assets: +€20,834
- Receivables within one year -€16,806
down €16,806 (-32.9%), from €51,015 to €34,209
of which Other amounts receivable: -€12,288
- Deferred charges and accrued income +€13,128
up €13,128 (+1550.4%), from €847 to €13,974
- Stocks and contracts +€8,414
new in 2025: €8,414
- Reserves -€36,164
down €36,164 (-31.5%), from €114,804 to €78,639
- Trade debts +€31,754
up €31,754 (+341.0%), from €9,312 to €41,066
- Debts after one year -€3,825
down €3,825 (-23.4%), from €16,337 to €12,512
- Current portion of long-term debt -€2,772
down €2,772 (-42.0%), from €6,597 to €3,825
- Gross operating margin -€41,679
down €41,679 (-64.3%), from €64,831 to €23,153
- Financial charges +€37,461
up €37,461 (+1024.6%), from €3,656 to €41,117
- Taxes -€13,418
down €13,418 (-98.0%), from €13,698 to €280
- Other operating charges +€4,171
up €4,171 (+198.9%), from €2,097 to €6,268
- Depreciation +€2,728
up €2,728 (+48.3%), from €5,643 to €8,372
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 | €161,976 | €149,131 | -€12,844 | -7.9% |
| Fixed assets | 21/28 | €26,230 | €56,679 | +€30,448 | +116.1% |
| Tangible fixed assets | 22/27 | €26,230 | €56,679 | +€30,448 | +116.1% |
| Plant, machinery and equipment | 23 | €18,919 | €16,890 | -€2,030 | -10.7% |
| Furniture and vehicles | 24 | €5,693 | €17,337 | +€11,644 | +204.5% |
| Other tangible fixed assets | 26 | €1,618 | €22,452 | +€20,834 | +1287.6% |
| Current assets | 29/58 | €135,745 | €92,452 | -€43,293 | -31.9% |
| Stocks and contracts in progress | 3 | - | €8,414 | +€8,414 | |
| Contracts in progress | 37 | - | €8,414 | +€8,414 | |
| Amounts receivable within one year | 40/41 | €51,015 | €34,209 | -€16,806 | -32.9% |
| Trade receivables | 40 | €14,618 | €10,099 | -€4,518 | -30.9% |
| Other amounts receivable | 41 | €36,397 | €24,110 | -€12,288 | -33.8% |
| Cash at bank and in hand | 54/58 | €83,884 | €35,855 | -€48,029 | -57.3% |
| Deferred charges and accrued income | 490/1 | €847 | €13,974 | +€13,128 | +1550.4% |
| Total equity and liabilities | 10/49 | €161,976 | €149,131 | -€12,844 | -7.9% |
| Equity | 10/15 | €119,804 | €83,639 | -€36,164 | -30.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €114,804 | €78,639 | -€36,164 | -31.5% |
| Distributable reserves | 133 | €114,804 | €78,639 | -€36,164 | -31.5% |
| Amounts payable | 17/49 | €42,172 | €65,492 | +€23,320 | +55.3% |
| Amounts payable after more than one year | 17 | €16,337 | €12,512 | -€3,825 | -23.4% |
| Financial debts | 170/4 | €16,337 | €12,512 | -€3,825 | -23.4% |
| Amounts payable within one year | 42/48 | €24,620 | €52,396 | +€27,777 | +112.8% |
| Current portion of amounts payable after more than one year | 42 | €6,597 | €3,825 | -€2,772 | -42.0% |
| Trade debts | 44 | €9,312 | €41,066 | +€31,754 | +341.0% |
| Suppliers | 440/4 | €9,312 | €41,066 | +€31,754 | +341.0% |
| Taxes, remuneration and social security | 45 | €8,711 | €7,506 | -€1,205 | -13.8% |
| Taxes | 450/3 | €8,711 | €7,506 | -€1,205 | -13.8% |
| Accrued charges and deferred income | 492/3 | €1,216 | €584 | -€632 | -52.0% |
| Non-recurring operating income | 76A | - | €2,679 | +€2,679 | |
| Remuneration, social security and pensions | 62 | €5,537 | €3,280 | -€2,257 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,643 | €8,372 | +€2,728 | +48.3% |
| Other operating charges | 640/8 | €2,097 | €6,268 | +€4,171 | +198.9% |
| Gross operating margin | 9900 | €64,831 | €23,153 | -€41,679 | -64.3% |
| Operating profit (loss) | 9901 | €51,554 | €5,233 | -€46,321 | -89.9% |
| Financial charges | 65/66B | €3,656 | €41,117 | +€37,461 | +1024.6% |
| Recurring financial charges | 65 | €3,656 | €41,117 | +€37,461 | +1024.6% |
| Profit (loss) for the period before taxes | 9903 | €47,898 | -€35,884 | -€83,782 | |
| Income taxes | 67/77 | €13,698 | €280 | -€13,418 | -98.0% |
| Profit (loss) for the period | 9904 | €34,200 | -€36,164 | -€70,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,200 | -€36,164 | -€70,364 |
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 11 October 2026 via checked.be.