A-BEL DECORATION: what changed
A-BEL DECORATION
Largest movements
- Receivables within one year +€109,249
up €109,249 (+56.6%), from €192,987 to €302,236
of which Trade receivables: +€67,451
- Cash -€80,418
down €80,418 (-66.5%), from €120,930 to €40,513
mainly Receivables within one year (-€109,249) and Contributions, distributions and other (-€100,000)
- Tangible fixed assets -€4,904
down €4,904 (-33.0%), from €14,847 to €9,943
of which Plant, machinery and equipment: -€3,598
- Deferred charges and accrued income +€4,550
new in 2025: €4,550
- Profit (loss) carried forward -€26,760
down €26,760 (-22.1%), from €120,986 to €94,226
- Other debts +€26,108
up €26,108 (+35.3%), from €73,892 to €100,000
- Trade debts +€16,660
up €16,660 (+18.1%), from €92,279 to €108,939
- Tax, wage and social debts +€9,714
up €9,714 (+43.6%), from €22,277 to €31,992
of which Taxes: +€5,910
- Gross operating margin -€193,271
down €193,271 (-26.5%), from €729,603 to €536,332
- Staff costs -€175,903
down €175,903 (-29.6%), from €594,515 to €418,612
- Financial charges -€14,853
down €14,853 (-71.8%), from €20,693 to €5,839
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,435 | €375,157 | +€25,722 | +7.4% |
| Fixed assets | 21/28 | €21,221 | €16,317 | -€4,904 | -23.1% |
| Tangible fixed assets | 22/27 | €14,847 | €9,943 | -€4,904 | -33.0% |
| Plant, machinery and equipment | 23 | €9,557 | €5,959 | -€3,598 | -37.6% |
| Furniture and vehicles | 24 | €5,290 | €3,984 | -€1,306 | -24.7% |
| Financial fixed assets | 28 | €6,374 | €6,374 | = | 0.0% |
| Current assets | 29/58 | €328,214 | €358,840 | +€30,626 | +9.3% |
| Stocks and contracts in progress | 3 | €14,297 | €11,542 | -€2,755 | -19.3% |
| Stocks | 30/36 | €14,297 | €11,542 | -€2,755 | -19.3% |
| Amounts receivable within one year | 40/41 | €192,987 | €302,236 | +€109,249 | +56.6% |
| Trade receivables | 40 | €132,500 | €199,951 | +€67,451 | +50.9% |
| Other amounts receivable | 41 | €60,487 | €102,285 | +€41,798 | +69.1% |
| Cash at bank and in hand | 54/58 | €120,930 | €40,513 | -€80,418 | -66.5% |
| Deferred charges and accrued income | 490/1 | - | €4,550 | +€4,550 | |
| Total equity and liabilities | 10/49 | €349,435 | €375,157 | +€25,722 | +7.4% |
| Equity | 10/15 | €140,986 | €114,226 | -€26,760 | -19.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,986 | €94,226 | -€26,760 | -22.1% |
| Amounts payable | 17/49 | €208,449 | €260,931 | +€52,482 | +25.2% |
| Amounts payable within one year | 42/48 | €208,449 | €260,931 | +€52,482 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €92,279 | €108,939 | +€16,660 | +18.1% |
| Suppliers | 440/4 | €92,279 | €108,939 | +€16,660 | +18.1% |
| Taxes, remuneration and social security | 45 | €22,277 | €31,992 | +€9,714 | +43.6% |
| Taxes | 450/3 | €16,414 | €22,324 | +€5,910 | +36.0% |
| Remuneration and social security | 454/9 | €5,864 | €9,668 | +€3,804 | +64.9% |
| Other amounts payable | 47/48 | €73,892 | €100,000 | +€26,108 | +35.3% |
| Remuneration, social security and pensions | 62 | €594,515 | €418,612 | -€175,903 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,957 | €7,287 | -€670 | -8.4% |
| Other operating charges | 640/8 | €1,319 | €1,983 | +€663 | +50.3% |
| Gross operating margin | 9900 | €729,603 | €536,332 | -€193,271 | -26.5% |
| Operating profit (loss) | 9901 | €125,813 | €108,450 | -€17,362 | -13.8% |
| Financial income | 75/76B | €1,971 | €2,367 | +€396 | +20.1% |
| Recurring financial income | 75 | €1,971 | €2,367 | +€396 | +20.1% |
| Financial charges | 65/66B | €20,693 | €5,839 | -€14,853 | -71.8% |
| Recurring financial charges | 65 | €20,693 | €5,839 | -€14,853 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | €107,091 | €104,978 | -€2,114 | -2.0% |
| Income taxes | 67/77 | €30,682 | €31,737 | +€1,056 | +3.4% |
| Profit (loss) for the period | 9904 | €76,409 | €73,240 | -€3,169 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,409 | €73,240 | -€3,169 | -4.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.