V-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.
V-DECOR
Largest movements
- Receivables within one year +€11,068
up €11,068 (+48.4%), from €22,869 to €33,937
of which Other amounts receivable: +€11,589
- Stocks and contracts -€10,280
down €10,280 (-25.5%), from €40,344 to €30,065
- Cash -€6,189
down €6,189 (-4.2%), from €147,411 to €141,222
mainly Contributions, distributions and other (-€18,534) and Receivables within one year (-€11,068)
- Tangible fixed assets -€5,037
down €5,037 (-73.0%), from €6,899 to €1,862
of which Furniture and vehicles: -€4,559
- Reserves -€12,471
down €12,471 (-6.7%), from €185,778 to €173,307
- Other debts +€5,902
up €5,902 (+46.6%), from €12,669 to €18,572
- Current portion of long-term debt -€3,808
down €3,808 (-86.1%), from €4,423 to €615
- Gross operating margin -€37,519
down €37,519 (-63.4%), from €59,207 to €21,687
- Taxes -€12,625
down €12,625 (-83.2%), from €15,179 to €2,555
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 | €218,393 | €207,981 | -€10,412 | -4.8% |
| Fixed assets | 21/28 | €6,999 | €1,962 | -€5,037 | -72.0% |
| Tangible fixed assets | 22/27 | €6,899 | €1,862 | -€5,037 | -73.0% |
| Plant, machinery and equipment | 23 | €1,518 | €1,039 | -€478 | -31.5% |
| Furniture and vehicles | 24 | €5,382 | €823 | -€4,559 | -84.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €211,393 | €206,019 | -€5,374 | -2.5% |
| Stocks and contracts in progress | 3 | €40,344 | €30,065 | -€10,280 | -25.5% |
| Stocks | 30/36 | €40,344 | €30,065 | -€10,280 | -25.5% |
| Amounts receivable within one year | 40/41 | €22,869 | €33,937 | +€11,068 | +48.4% |
| Trade receivables | 40 | €12,437 | €11,915 | -€522 | -4.2% |
| Other amounts receivable | 41 | €10,433 | €22,022 | +€11,589 | +111.1% |
| Cash at bank and in hand | 54/58 | €147,411 | €141,222 | -€6,189 | -4.2% |
| Deferred charges and accrued income | 490/1 | €769 | €796 | +€27 | +3.5% |
| Total equity and liabilities | 10/49 | €218,393 | €207,981 | -€10,412 | -4.8% |
| Equity | 10/15 | €191,986 | €179,515 | -€12,471 | -6.5% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €185,778 | €173,307 | -€12,471 | -6.7% |
| Distributable reserves | 133 | €185,778 | €173,307 | -€12,471 | -6.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,406 | €28,466 | +€2,060 | +7.8% |
| Amounts payable after more than one year | 17 | €615 | €0 | -€615 | -100.0% |
| Financial debts | 170/4 | €615 | €0 | -€615 | -100.0% |
| Amounts payable within one year | 42/48 | €22,097 | €26,139 | +€4,041 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €4,423 | €615 | -€3,808 | -86.1% |
| Trade debts | 44 | €2,709 | €3,259 | +€550 | +20.3% |
| Suppliers | 440/4 | €2,709 | €3,259 | +€550 | +20.3% |
| Taxes, remuneration and social security | 45 | €2,295 | €3,692 | +€1,397 | +60.9% |
| Taxes | 450/3 | €2,295 | €164 | -€2,131 | -92.8% |
| Remuneration and social security | 454/9 | €0 | €3,528 | +€3,528 | |
| Other amounts payable | 47/48 | €12,669 | €18,572 | +€5,902 | +46.6% |
| Accrued charges and deferred income | 492/3 | €3,694 | €2,327 | -€1,366 | -37.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,829 | €2,357 | +€528 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,111 | €5,037 | -€74 | -1.4% |
| Other operating charges | 640/8 | €1,222 | €1,356 | +€133 | +10.9% |
| Gross operating margin | 9900 | €59,207 | €21,687 | -€37,519 | -63.4% |
| Operating profit (loss) | 9901 | €51,044 | €12,937 | -€38,107 | -74.7% |
| Financial income | 75/76B | €2 | €96 | +€94 | +3811.8% |
| Recurring financial income | 75 | €2 | €96 | +€94 | +3811.8% |
| Financial charges | 65/66B | €4,214 | €4,416 | +€202 | +4.8% |
| Recurring financial charges | 65 | €4,214 | €4,416 | +€202 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €46,833 | €8,617 | -€38,215 | -81.6% |
| Income taxes | 67/77 | €15,179 | €2,555 | -€12,625 | -83.2% |
| Profit (loss) for the period | 9904 | €31,653 | €6,063 | -€25,591 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,653 | €6,063 | -€25,591 | -80.8% |
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 10 October 2026 via checked.be.