VF-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.
VF-DECOR
Largest movements
- Receivables within one year -€6,058
down €6,058 (-7.5%), from €81,011 to €74,953
of which Other amounts receivable: -€10,204
- Deferred charges and accrued income +€4,742
up €4,742 (+187%), from €2,532 to €7,274
- Tangible fixed assets -€1,851
down €1,851 (-28.2%), from €6,566 to €4,715
of which Furniture and vehicles: -€1,273
- Trade debts -€18,375
down €18,375 (-38.5%), from €47,775 to €29,400
- Tax, wage and social debts +€8,441
up €8,441 (+15.4%), from €54,694 to €63,135
of which Remuneration and social security: +€6,525
- Other debts +€6,857
up €6,857 (+258%), from €2,662 to €9,519
- Gross operating margin +€80,337
up €80,337, from -€59,127 to €21,211
- Staff costs -€22,850
down €22,850 (-70.8%), from €32,270 to €9,421
- Financial income -€4,238
down €4,238 (-100%), from €4,238 to €0
- Other operating charges +€2,144
up €2,144 (+100%), from €2,140 to €4,283
- Financial charges +€713
up €713 (+18.7%), from €3,809 to €4,522
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,949 | €88,782 | -€3,167 | -3.4% |
| Fixed assets | 21/28 | €8,406 | €6,555 | -€1,851 | -22.0% |
| Tangible fixed assets | 22/27 | €6,566 | €4,715 | -€1,851 | -28.2% |
| Plant, machinery and equipment | 23 | €1,683 | €1,105 | -€578 | -34.3% |
| Furniture and vehicles | 24 | €4,883 | €3,610 | -€1,273 | -26.1% |
| Financial fixed assets | 28 | €1,840 | €1,840 | = | 0.0% |
| Current assets | 29/58 | €83,543 | €82,227 | -€1,316 | -1.6% |
| Amounts receivable within one year | 40/41 | €81,011 | €74,953 | -€6,058 | -7.5% |
| Trade receivables | 40 | €65,592 | €69,738 | +€4,146 | +6.3% |
| Other amounts receivable | 41 | €15,418 | €5,215 | -€10,204 | -66.2% |
| Deferred charges and accrued income | 490/1 | €2,532 | €7,274 | +€4,742 | +187% |
| Total equity and liabilities | 10/49 | €91,949 | €88,782 | -€3,167 | -3.4% |
| Equity | 10/15 | -€23,751 | -€22,956 | +€795 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,199 | €26,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €26,199 | €26,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,150 | -€55,354 | +€795 | +1.4% |
| Amounts payable | 17/49 | €115,700 | €111,737 | -€3,963 | -3.4% |
| Amounts payable within one year | 42/48 | €115,700 | €111,737 | -€3,963 | -3.4% |
| Financial debts | 43 | €10,569 | €9,683 | -€886 | -8.4% |
| Credit institutions | 430/8 | €2,751 | €9,683 | +€6,933 | +252% |
| Other loans | 439 | €7,818 | €0 | -€7,818 | -100% |
| Trade debts | 44 | €47,775 | €29,400 | -€18,375 | -38.5% |
| Suppliers | 440/4 | €47,775 | €29,400 | -€18,375 | -38.5% |
| Taxes, remuneration and social security | 45 | €54,694 | €63,135 | +€8,441 | +15.4% |
| Taxes | 450/3 | €19,079 | €20,995 | +€1,916 | +10.0% |
| Remuneration and social security | 454/9 | €35,615 | €42,140 | +€6,525 | +18.3% |
| Other amounts payable | 47/48 | €2,662 | €9,519 | +€6,857 | +258% |
| Non-recurring operating income | 76A | €1,260 | €1,594 | +€334 | +26.5% |
| Remuneration, social security and pensions | 62 | €32,270 | €9,421 | -€22,850 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,361 | €1,851 | +€491 | +36.1% |
| Other operating charges | 640/8 | €2,140 | €4,283 | +€2,144 | +100% |
| Gross operating margin | 9900 | -€59,127 | €21,211 | +€80,337 | |
| Operating profit (loss) | 9901 | -€94,897 | €5,655 | +€100,553 | |
| Financial income | 75/76B | €4,238 | €0 | -€4,238 | -100% |
| Recurring financial income | 75 | €4,238 | €0 | -€4,238 | -100% |
| Financial charges | 65/66B | €3,809 | €4,522 | +€713 | +18.7% |
| Recurring financial charges | 65 | €3,809 | €4,522 | +€713 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | -€94,469 | €1,134 | +€95,602 | |
| Income taxes | 67/77 | €480 | €338 | -€142 | -29.5% |
| Profit (loss) for the period | 9904 | -€94,949 | €795 | +€95,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,949 | €795 | +€95,744 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.