Deadwood represents a dynamic carbon pool in forest ecosystems where microbial decomposition causes fluxes of CO2 to the atmosphere through respiration and organic carbon to the soil through leakage and fragmentation. This study characterises different stages of deadwood of Norway spruce (Picea abies). 35 Norway spruce trees were sampled and categorized on a 0–5 decay scale. For the 14 trees in classes 0–3, two stem discs were collected from two heights. For the 21 trees in classes 4 and 5, a single sample per tree was taken, because decay was relatively uniform throughout the stem. The relative amount of hemicellulose and cellulose declined moderately from decay class 1 to 3 and substantially from decay class 3 to class 4 but small amounts were still present in decay class 5. The relative lignin proportion increased substantially from decay class 3 to 4 and dominated in decay class 5. Relative carbon content increased from 50 to 56% during the decomposition process due to the increasing accumulation of lignin residuals being a typical signature of brown rot decay. A laboratory experiment including three species of brown rot fungi verified decomposition close to 70% of Norway spruce biomass and resulted in 55% carbon content. This was similar to the carbon content in decay class 4 and 5. A novel approach is presented to quantify the carbon flux from deadwood to the soil. First, we calculated the residual proportion of carbon in decayed wood compared to the initial carbon content of live trees. Subsequently, we extended the calculation to determine the amount of remaining carbon from non-decayed wood that was transferred to the soil during each decay class. The approach showed that Norway spruce wood decomposition under field conditions transfers at least 39–47% of the initial wood carbon to the soil carbon pool, depending on soil type. This strengthens the previously under-communicated fact that the carbon flux from deadwood to soil is higher from brown rot decomposition in boreal forests than the corresponding carbon flux in temperate and tropical forests where deadwood is more influenced by white rot fungi.