SURFACES DECOREES: what changed
Two fiscal 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.
SURFACES DECOREES
Largest movements
- Receivables within one year -€53,443
down €53,443 (-43.1%), from €124,114 to €70,670
of which Other amounts receivable: -€29,697
- Cash +€53,125
up €53,125 (+16.8%), from €315,715 to €368,841
mainly Net result for the year (+€61,614) and Receivables within one year (+€53,443)
- Tangible fixed assets -€24,482
down €24,482 (-11.5%), from €213,600 to €189,118
of which Land and buildings: -€19,441
- Stocks and contracts -€11,176
down €11,176 (-5.9%), from €190,759 to €179,583
- Other debts -€15,172
down €15,172 (-20.2%), from €75,172 to €60,000
- Advances received -€14,850
down €14,850 (-56.7%), from €26,200 to €11,350
- Debts after one year -€9,018
down €9,018 (-59.2%), from €15,238 to €6,220
- Staff costs +€57,794
up €57,794 (+28.0%), from €206,219 to €264,013
- Gross operating margin +€23,279
up €23,279 (+6.7%), from €348,613 to €371,891
- Taxes -€9,548
down €9,548 (-33.3%), from €28,632 to €19,084
- Financial income +€5,799
up €5,799 (+37.4%), from €15,494 to €21,293
of which Non-recurring financial income: +€7,772
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 | €853,840 | €816,557 | -€37,283 | -4.4% |
| Fixed assets | 21/28 | €214,313 | €189,119 | -€25,194 | -11.8% |
| Intangible fixed assets | 21 | €714 | - | -€714 | |
| Tangible fixed assets | 22/27 | €213,600 | €189,118 | -€24,482 | -11.5% |
| Land and buildings | 22 | €161,183 | €141,742 | -€19,441 | -12.1% |
| Plant, machinery and equipment | 23 | €403 | - | -€403 | |
| Furniture and vehicles | 24 | €33,779 | €29,504 | -€4,275 | -12.7% |
| Other tangible fixed assets | 26 | €18,234 | €17,872 | -€362 | -2.0% |
| Financial fixed assets | 28 | - | €1 | +€1 | |
| Current assets | 29/58 | €639,526 | €627,438 | -€12,088 | -1.9% |
| Stocks and contracts in progress | 3 | €190,759 | €179,583 | -€11,176 | -5.9% |
| Stocks | 30/36 | €190,759 | €179,583 | -€11,176 | -5.9% |
| Amounts receivable within one year | 40/41 | €124,114 | €70,670 | -€53,443 | -43.1% |
| Trade receivables | 40 | €82,562 | €58,816 | -€23,746 | -28.8% |
| Other amounts receivable | 41 | €41,552 | €11,854 | -€29,697 | -71.5% |
| Cash at bank and in hand | 54/58 | €315,715 | €368,841 | +€53,125 | +16.8% |
| Deferred charges and accrued income | 490/1 | €8,938 | €8,344 | -€594 | -6.6% |
| Total equity and liabilities | 10/49 | €853,840 | €816,557 | -€37,283 | -4.4% |
| Equity | 10/15 | €638,599 | €640,214 | +€1,614 | +0.3% |
| Contributions | 10/11 | €34,705 | €34,705 | = | 0.0% |
| Reserves | 13 | €603,894 | €605,509 | +€1,614 | +0.3% |
| Distributable reserves | 133 | €603,894 | €605,509 | +€1,614 | +0.3% |
| Amounts payable | 17/49 | €215,240 | €176,343 | -€38,897 | -18.1% |
| Amounts payable after more than one year | 17 | €15,238 | €6,220 | -€9,018 | -59.2% |
| Financial debts | 170/4 | €15,238 | €6,220 | -€9,018 | -59.2% |
| Amounts payable within one year | 42/48 | €200,002 | €170,123 | -€29,879 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €8,656 | €9,018 | +€362 | +4.2% |
| Trade debts | 44 | €52,977 | €48,800 | -€4,177 | -7.9% |
| Suppliers | 440/4 | €52,977 | €48,800 | -€4,177 | -7.9% |
| Advances received on contracts in progress | 46 | €26,200 | €11,350 | -€14,850 | -56.7% |
| Taxes, remuneration and social security | 45 | €36,997 | €40,955 | +€3,958 | +10.7% |
| Taxes | 450/3 | €11,923 | €16,084 | +€4,162 | +34.9% |
| Remuneration and social security | 454/9 | €25,074 | €24,871 | -€203 | -0.8% |
| Other amounts payable | 47/48 | €75,172 | €60,000 | -€15,172 | -20.2% |
| Non-recurring operating income | 76A | €1,105 | - | -€1,105 | |
| Remuneration, social security and pensions | 62 | €206,219 | €264,013 | +€57,794 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,770 | €34,731 | -€2,039 | -5.5% |
| Other operating charges | 640/8 | €11,063 | €10,744 | -€320 | -2.9% |
| Gross operating margin | 9900 | €348,613 | €371,891 | +€23,279 | +6.7% |
| Operating profit (loss) | 9901 | €94,560 | €62,404 | -€32,156 | -34.0% |
| Financial income | 75/76B | €15,494 | €21,293 | +€5,799 | +37.4% |
| Recurring financial income | 75 | €15,494 | €13,521 | -€1,973 | -12.7% |
| Non-recurring financial income | 76B | - | €7,772 | +€7,772 | |
| Financial charges | 65/66B | €4,002 | €2,999 | -€1,003 | -25.1% |
| Recurring financial charges | 65 | €3,409 | €2,999 | -€410 | -12.0% |
| Non-recurring financial charges | 66B | €594 | - | -€594 | |
| Profit (loss) for the period before taxes | 9903 | €106,052 | €80,698 | -€25,354 | -23.9% |
| Income taxes | 67/77 | €28,632 | €19,084 | -€9,548 | -33.3% |
| Profit (loss) for the period | 9904 | €77,420 | €61,614 | -€15,806 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,420 | €61,614 | -€15,806 | -20.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.