VERT DECOR: 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.
VERT DECOR
Largest movements
- Receivables within one year -€8,075
down €8,075 (-6.7%), from €120,492 to €112,417
of which Trade receivables: -€5,914
- Cash -€5,359
down €5,359 (-15.4%), from €34,842 to €29,483
mainly Net result for the year (-€108,060) and Investment in fixed assets (net) (-€64,866)
- Deferred charges and accrued income -€4,436
no longer reported in 2025 (was €4,436)
- Profit (loss) carried forward -€108,060
down €108,060 (-66.8%), from €161,801 to €53,741
- Other debts +€98,445
new in 2025: €98,445
- Tax, wage and social debts -€8,212
down €8,212 (-15.8%), from €52,054 to €43,842
of which Taxes: -€16,594
- Gross operating margin -€103,150
down €103,150 (-31.2%), from €330,949 to €227,799
- Staff costs +€18,152
up €18,152 (+7.4%), from €246,702 to €264,854
- Depreciation +€14,401
up €14,401 (+30.0%), from €47,945 to €62,346
- Taxes -€10,454
no longer reported in 2025 (was €10,454)
- Provisions +€5,765
up €5,765 (+99.5%), from -€5,794 to -€29
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 | €339,595 | €323,722 | -€15,873 | -4.7% |
| Fixed assets | 21/28 | €173,939 | €176,459 | +€2,520 | +1.4% |
| Tangible fixed assets | 22/27 | €173,939 | €176,459 | +€2,520 | +1.4% |
| Land and buildings | 22 | €69,288 | €72,894 | +€3,606 | +5.2% |
| Furniture and vehicles | 24 | €27,655 | €13,435 | -€14,220 | -51.4% |
| Leasing and similar rights | 25 | €76,996 | €90,130 | +€13,134 | +17.1% |
| Current assets | 29/58 | €165,656 | €147,263 | -€18,393 | -11.1% |
| Stocks and contracts in progress | 3 | €5,886 | €5,363 | -€523 | -8.9% |
| Stocks | 30/36 | €2,286 | €1,163 | -€1,123 | -49.1% |
| Contracts in progress | 37 | €3,600 | €4,200 | +€600 | +16.7% |
| Amounts receivable within one year | 40/41 | €120,492 | €112,417 | -€8,075 | -6.7% |
| Trade receivables | 40 | €116,127 | €110,213 | -€5,914 | -5.1% |
| Other amounts receivable | 41 | €4,365 | €2,204 | -€2,161 | -49.5% |
| Cash at bank and in hand | 54/58 | €34,842 | €29,483 | -€5,359 | -15.4% |
| Deferred charges and accrued income | 490/1 | €4,436 | - | -€4,436 | |
| Total equity and liabilities | 10/49 | €339,595 | €323,722 | -€15,873 | -4.7% |
| Equity | 10/15 | €191,001 | €82,341 | -€108,660 | -56.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,801 | €53,741 | -€108,060 | -66.8% |
| Investment grants | 15 | €7,200 | €6,600 | -€600 | -8.3% |
| Provisions and deferred taxes | 16 | €5,055 | €5,026 | -€29 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €5,055 | €5,026 | -€29 | -0.6% |
| Other liabilities and charges | 164/5 | €5,055 | €5,026 | -€29 | -0.6% |
| Amounts payable | 17/49 | €143,539 | €236,355 | +€92,816 | +64.7% |
| Amounts payable after more than one year | 17 | €43,961 | €46,961 | +€3,000 | +6.8% |
| Financial debts | 170/4 | €43,961 | €46,961 | +€3,000 | +6.8% |
| Amounts payable within one year | 42/48 | €99,578 | €189,394 | +€89,816 | +90.2% |
| Current portion of amounts payable after more than one year | 42 | €28,282 | €28,763 | +€481 | +1.7% |
| Trade debts | 44 | €19,242 | €18,344 | -€898 | -4.7% |
| Suppliers | 440/4 | €19,242 | €18,344 | -€898 | -4.7% |
| Taxes, remuneration and social security | 45 | €52,054 | €43,842 | -€8,212 | -15.8% |
| Taxes | 450/3 | €24,569 | €7,975 | -€16,594 | -67.5% |
| Remuneration and social security | 454/9 | €27,485 | €35,867 | +€8,382 | +30.5% |
| Other amounts payable | 47/48 | - | €98,445 | +€98,445 | |
| Remuneration, social security and pensions | 62 | €246,702 | €264,854 | +€18,152 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,945 | €62,346 | +€14,401 | +30.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,794 | -€29 | +€5,765 | +99.5% |
| Other operating charges | 640/8 | €1,864 | €4,216 | +€2,352 | +126.2% |
| Gross operating margin | 9900 | €330,949 | €227,799 | -€103,150 | -31.2% |
| Operating profit (loss) | 9901 | €40,232 | -€103,588 | -€143,820 | |
| Financial income | 75/76B | €603 | €619 | +€16 | +2.7% |
| Recurring financial income | 75 | €603 | €619 | +€16 | +2.7% |
| Financial charges | 65/66B | €3,166 | €5,091 | +€1,925 | +60.8% |
| Recurring financial charges | 65 | €3,166 | €5,091 | +€1,925 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | €37,669 | -€108,060 | -€145,729 | |
| Income taxes | 67/77 | €10,454 | - | -€10,454 | |
| Profit (loss) for the period | 9904 | €27,215 | -€108,060 | -€135,275 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,215 | -€108,060 | -€135,275 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.