DECORTE GRAPHICS: 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.
DECORTE GRAPHICS
Largest movements
- Cash +€42,227
up €42,227 (+19.6%), from €215,191 to €257,418
mainly Receivables after one year (+€32,797) and Net result for the year (+€30,804)
- Receivables after one year -€32,797
down €32,797 (-11.4%), from €286,813 to €254,015
- Receivables within one year -€22,339
down €22,339 (-14.1%), from €158,973 to €136,634
of which Trade receivables: -€42,165
- Tangible fixed assets +€11,048
up €11,048 (+23.2%), from €47,600 to €58,648
of which Other tangible fixed assets: +€8,701
- Trade debts -€52,412
down €52,412 (-35.6%), from €147,328 to €94,916
- Reserves +€30,804
up €30,804 (+4.5%), from €679,648 to €710,452
of which Distributable reserves: +€30,804
- Tax, wage and social debts +€13,458
up €13,458 (+137%), from €9,789 to €23,248
of which Remuneration and social security: +€13,673
- Gross operating margin -€71,558
down €71,558 (-27.4%), from €261,443 to €189,885
- Taxes -€25,209
down €25,209 (-58.5%), from €43,105 to €17,895
- Financial income -€9,754
down €9,754 (-35.8%), from €27,237 to €17,483
- Financial charges -€4,634
down €4,634 (-39.8%), from €11,633 to €6,999
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 | €943,016 | €939,421 | -€3,595 | -0.4% |
| Fixed assets | 21/28 | €47,600 | €58,648 | +€11,048 | +23.2% |
| Tangible fixed assets | 22/27 | €47,600 | €58,648 | +€11,048 | +23.2% |
| Plant, machinery and equipment | 23 | €3,745 | €10,170 | +€6,425 | +172% |
| Furniture and vehicles | 24 | €12,479 | €8,401 | -€4,078 | -32.7% |
| Other tangible fixed assets | 26 | €31,376 | €40,077 | +€8,701 | +27.7% |
| Current assets | 29/58 | €895,417 | €880,773 | -€14,644 | -1.6% |
| Amounts receivable after more than one year | 29 | €286,813 | €254,015 | -€32,797 | -11.4% |
| Other amounts receivable | 291 | €286,813 | €254,015 | -€32,797 | -11.4% |
| Stocks and contracts in progress | 3 | €227,495 | €223,589 | -€3,906 | -1.7% |
| Stocks | 30/36 | €227,495 | €223,589 | -€3,906 | -1.7% |
| Amounts receivable within one year | 40/41 | €158,973 | €136,634 | -€22,339 | -14.1% |
| Trade receivables | 40 | €122,107 | €79,942 | -€42,165 | -34.5% |
| Other amounts receivable | 41 | €36,866 | €56,692 | +€19,827 | +53.8% |
| Cash at bank and in hand | 54/58 | €215,191 | €257,418 | +€42,227 | +19.6% |
| Deferred charges and accrued income | 490/1 | €6,946 | €9,117 | +€2,171 | +31.3% |
| Total equity and liabilities | 10/49 | €943,016 | €939,421 | -€3,595 | -0.4% |
| Equity | 10/15 | €785,898 | €816,702 | +€30,804 | +3.9% |
| Contributions | 10/11 | €106,250 | €106,250 | = | 0.0% |
| Capital | 10 | €106,250 | €106,250 | = | 0.0% |
| Issued capital | 100 | €106,250 | €106,250 | = | 0.0% |
| Reserves | 13 | €679,648 | €710,452 | +€30,804 | +4.5% |
| Non-distributable reserves | 130/1 | €10,625 | €10,625 | = | 0.0% |
| Legal reserve | 130 | €10,625 | €10,625 | = | 0.0% |
| Tax-exempt reserves | 132 | €521 | €521 | = | 0.0% |
| Distributable reserves | 133 | €668,503 | €699,307 | +€30,804 | +4.6% |
| Amounts payable | 17/49 | €157,118 | €122,719 | -€34,399 | -21.9% |
| Amounts payable within one year | 42/48 | €157,118 | €120,585 | -€36,533 | -23.3% |
| Financial debts | 43 | - | €2,421 | +€2,421 | |
| Credit institutions | 430/8 | - | €2,421 | +€2,421 | |
| Trade debts | 44 | €147,328 | €94,916 | -€52,412 | -35.6% |
| Suppliers | 440/4 | €147,328 | €94,916 | -€52,412 | -35.6% |
| Taxes, remuneration and social security | 45 | €9,789 | €23,248 | +€13,458 | +137% |
| Taxes | 450/3 | €3,509 | €3,295 | -€215 | -6.1% |
| Remuneration and social security | 454/9 | €6,280 | €19,953 | +€13,673 | +218% |
| Accrued charges and deferred income | 492/3 | - | €2,134 | +€2,134 | |
| Remuneration, social security and pensions | 62 | €136,831 | €138,156 | +€1,324 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,525 | €10,475 | +€1,949 | +22.9% |
| Other operating charges | 640/8 | €1,845 | €3,040 | +€1,195 | +64.8% |
| Gross operating margin | 9900 | €261,443 | €189,885 | -€71,558 | -27.4% |
| Operating profit (loss) | 9901 | €114,241 | €38,215 | -€76,026 | -66.5% |
| Financial income | 75/76B | €27,237 | €17,483 | -€9,754 | -35.8% |
| Recurring financial income | 75 | €27,237 | €17,483 | -€9,754 | -35.8% |
| Financial charges | 65/66B | €11,633 | €6,999 | -€4,634 | -39.8% |
| Recurring financial charges | 65 | €11,633 | €6,999 | -€4,634 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €129,845 | €48,699 | -€81,146 | -62.5% |
| Income taxes | 67/77 | €43,105 | €17,895 | -€25,209 | -58.5% |
| Profit (loss) for the period | 9904 | €86,741 | €30,804 | -€55,937 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,741 | €30,804 | -€55,937 | -64.5% |
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 31 October 2026 via checked.be.