VdS 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.
VdS DECOR
Largest movements
- Stocks and contracts -€4,936
down €4,936 (-3.3%), from €149,165 to €144,228
- Cash -€3,420
down €3,420 (-17.1%), from €20,031 to €16,611
mainly Trade debts (-€48,892) and Tax, wage and social debts (-€1,177)
- Receivables within one year -€2,580
down €2,580 (-3.8%), from €67,439 to €64,859
of which Trade receivables: -€10,892
- Trade debts -€48,892
down €48,892 (-61.2%), from €79,912 to €31,020
- Profit (loss) carried forward +€21,094
up €21,094 (+54.7%), from -€38,554 to -€17,460
- Other debts +€15,029
up €15,029 (+55.8%), from €26,926 to €41,955
- Gross operating margin +€44,230
up €44,230 (+120%), from €36,888 to €81,118
- Staff costs -€4,676
down €4,676 (-8.1%), from €57,928 to €53,252
- Financial charges -€1,950
down €1,950 (-27.6%), from €7,061 to €5,111
- Depreciation -€914
down €914 (-53.7%), from €1,703 to €789
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 | €241,062 | €227,116 | -€13,946 | -5.8% |
| Fixed assets | 21/28 | €2,100 | €168 | -€1,932 | -92.0% |
| Tangible fixed assets | 22/27 | - | €168 | +€168 | |
| Furniture and vehicles | 24 | - | €168 | +€168 | |
| Financial fixed assets | 28 | €2,100 | - | -€2,100 | |
| Current assets | 29/58 | €238,962 | €226,948 | -€12,014 | -5.0% |
| Stocks and contracts in progress | 3 | €149,165 | €144,228 | -€4,936 | -3.3% |
| Stocks | 30/36 | €149,165 | €144,228 | -€4,936 | -3.3% |
| Amounts receivable within one year | 40/41 | €67,439 | €64,859 | -€2,580 | -3.8% |
| Trade receivables | 40 | €43,016 | €32,124 | -€10,892 | -25.3% |
| Other amounts receivable | 41 | €24,423 | €32,735 | +€8,312 | +34.0% |
| Cash at bank and in hand | 54/58 | €20,031 | €16,611 | -€3,420 | -17.1% |
| Deferred charges and accrued income | 490/1 | €2,326 | €1,249 | -€1,077 | -46.3% |
| Total equity and liabilities | 10/49 | €241,062 | €227,116 | -€13,946 | -5.8% |
| Equity | 10/15 | €26,124 | €47,218 | +€21,094 | +80.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,078 | €46,078 | = | 0.0% |
| Distributable reserves | 133 | €46,078 | €46,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,554 | -€17,460 | +€21,094 | +54.7% |
| Amounts payable | 17/49 | €214,938 | €179,898 | -€35,040 | -16.3% |
| Amounts payable within one year | 42/48 | €214,938 | €179,898 | -€35,040 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €79,912 | €31,020 | -€48,892 | -61.2% |
| Suppliers | 440/4 | €79,912 | €31,020 | -€48,892 | -61.2% |
| Taxes, remuneration and social security | 45 | €8,099 | €6,923 | -€1,177 | -14.5% |
| Taxes | 450/3 | €4,147 | €3,336 | -€811 | -19.5% |
| Remuneration and social security | 454/9 | €3,953 | €3,587 | -€366 | -9.3% |
| Other amounts payable | 47/48 | €26,926 | €41,955 | +€15,029 | +55.8% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €57,928 | €53,252 | -€4,676 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,703 | €789 | -€914 | -53.7% |
| Other operating charges | 640/8 | €1,454 | €734 | -€721 | -49.6% |
| Gross operating margin | 9900 | €36,888 | €81,118 | +€44,230 | +120% |
| Operating profit (loss) | 9901 | -€24,197 | €26,343 | +€50,540 | |
| Financial income | 75/76B | €163 | €103 | -€60 | -36.8% |
| Recurring financial income | 75 | €163 | €103 | -€60 | -36.8% |
| Financial charges | 65/66B | €7,061 | €5,111 | -€1,950 | -27.6% |
| Recurring financial charges | 65 | €7,061 | €5,111 | -€1,950 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,095 | €21,335 | +€52,430 | |
| Income taxes | 67/77 | €507 | €241 | -€266 | -52.5% |
| Profit (loss) for the period | 9904 | -€31,602 | €21,094 | +€52,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,602 | €21,094 | +€52,696 |
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 14 October 2026 via checked.be.