AF 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.
AF Decor
Largest movements
- Receivables within one year +€15,579
up €15,579 (+21.9%), from €71,007 to €86,586
of which Trade receivables: +€16,126
- Tangible fixed assets -€8,478
down €8,478 (-11.3%), from €75,224 to €66,746
of which Furniture and vehicles: -€12,361
- Cash +€7,417
up €7,417 (+4.7%), from €159,344 to €166,760
mainly Other debts (+€156,864) and Net result for the year (+€62,997)
- Profit (loss) carried forward -€168,608
down €168,608 (-72.8%), from €231,605 to €62,997
- Other debts +€156,864
new in 2025: €156,864
- Trade debts +€45,669
up €45,669 (+141%), from €32,347 to €78,016
- Debts after one year -€11,520
down €11,520 (-87.9%), from €13,103 to €1,583
- Current portion of long-term debt -€6,631
down €6,631 (-36.5%), from €18,150 to €11,520
- Gross operating margin -€19,050
down €19,050 (-10.1%), from €189,467 to €170,417
- Taxes -€6,794
down €6,794 (-28.7%), from €23,667 to €16,873
- Staff costs +€4,553
up €4,553 (+8.3%), from €55,134 to €59,686
- Depreciation +€4,227
up €4,227 (+18.4%), from €22,996 to €27,224
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 | €308,217 | €324,883 | +€16,667 | +5.4% |
| Fixed assets | 21/28 | €75,224 | €68,621 | -€6,603 | -8.8% |
| Tangible fixed assets | 22/27 | €75,224 | €66,746 | -€8,478 | -11.3% |
| Plant, machinery and equipment | 23 | €1,749 | €6,337 | +€4,589 | +262% |
| Furniture and vehicles | 24 | €67,878 | €55,517 | -€12,361 | -18.2% |
| Other tangible fixed assets | 26 | €5,597 | €4,891 | -€706 | -12.6% |
| Financial fixed assets | 28 | - | €1,875 | +€1,875 | |
| Current assets | 29/58 | €232,993 | €256,263 | +€23,270 | +10.0% |
| Amounts receivable within one year | 40/41 | €71,007 | €86,586 | +€15,579 | +21.9% |
| Trade receivables | 40 | €30,720 | €46,846 | +€16,126 | +52.5% |
| Other amounts receivable | 41 | €40,287 | €39,740 | -€547 | -1.4% |
| Cash at bank and in hand | 54/58 | €159,344 | €166,760 | +€7,417 | +4.7% |
| Deferred charges and accrued income | 490/1 | €2,642 | €2,916 | +€274 | +10.4% |
| Total equity and liabilities | 10/49 | €308,217 | €324,883 | +€16,667 | +5.4% |
| Equity | 10/15 | €236,605 | €67,997 | -€168,608 | -71.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,605 | €62,997 | -€168,608 | -72.8% |
| Amounts payable | 17/49 | €71,612 | €256,887 | +€185,275 | +259% |
| Amounts payable after more than one year | 17 | €13,103 | €1,583 | -€11,520 | -87.9% |
| Financial debts | 170/4 | €13,103 | €1,583 | -€11,520 | -87.9% |
| Amounts payable within one year | 42/48 | €58,509 | €255,304 | +€196,795 | +336% |
| Current portion of amounts payable after more than one year | 42 | €18,150 | €11,520 | -€6,631 | -36.5% |
| Trade debts | 44 | €32,347 | €78,016 | +€45,669 | +141% |
| Suppliers | 440/4 | €32,347 | €78,016 | +€45,669 | +141% |
| Taxes, remuneration and social security | 45 | €8,011 | €8,904 | +€892 | +11.1% |
| Taxes | 450/3 | €5,370 | €5,527 | +€156 | +2.9% |
| Remuneration and social security | 454/9 | €2,641 | €3,377 | +€736 | +27.9% |
| Other amounts payable | 47/48 | - | €156,864 | +€156,864 | |
| Remuneration, social security and pensions | 62 | €55,134 | €59,686 | +€4,553 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,996 | €27,224 | +€4,227 | +18.4% |
| Other operating charges | 640/8 | €1,682 | €3,271 | +€1,589 | +94.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €189,467 | €170,417 | -€19,050 | -10.1% |
| Operating profit (loss) | 9901 | €109,655 | €80,236 | -€29,419 | -26.8% |
| Financial income | 75/76B | €2,028 | €1,217 | -€811 | -40.0% |
| Recurring financial income | 75 | €2,028 | €1,217 | -€811 | -40.0% |
| Financial charges | 65/66B | €1,769 | €1,583 | -€185 | -10.5% |
| Recurring financial charges | 65 | €1,769 | €1,583 | -€185 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €109,915 | €79,870 | -€30,045 | -27.3% |
| Income taxes | 67/77 | €23,667 | €16,873 | -€6,794 | -28.7% |
| Profit (loss) for the period | 9904 | €86,247 | €62,997 | -€23,251 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,247 | €62,997 | -€23,251 | -27.0% |
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 14 October 2026 via checked.be.