AG DECORATION: 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.
AG DECORATION
Largest movements
- Receivables after one year +€42,400
up €42,400 (+73.9%), from €57,400 to €99,800
- Receivables within one year -€14,932
down €14,932 (-20.3%), from €73,578 to €58,646
of which Trade receivables: -€14,932
- Cash +€11,663
up €11,663 (+14,578,863%), from €0 to €11,663
mainly Net result for the year (+€38,247) and Receivables within one year (+€14,932)
- Tangible fixed assets -€9,698
down €9,698 (-45.2%), from €21,450 to €11,752
of which Furniture and vehicles: -€14,681
- Reserves +€38,000
up €38,000 (+207%), from €18,360 to €56,360
of which Distributable reserves: +€38,000
- Advances received -€9,000
no longer reported in 2024 (was €9,000)
- Debts after one year -€7,837
down €7,837 (-24.9%), from €31,486 to €23,649
- Trade debts -€6,781
down €6,781 (-22.0%), from €30,866 to €24,085
- Tax, wage and social debts +€4,640
up €4,640 (+42.8%), from €10,844 to €15,484
- Gross operating margin +€68,797
up €68,797 (+338%), from €20,364 to €89,161
- Taxes +€22,268
up €22,268 (+852%), from €2,612 to €24,880
- Other operating charges +€7,269
up €7,269 (+148%), from €4,895 to €12,164
- Financial charges +€4,774
up €4,774 (+112%), from €4,253 to €9,027
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,391 | €182,687 | +€29,296 | +19.1% |
| Fixed assets | 21/28 | €21,450 | €11,808 | -€9,642 | -45.0% |
| Tangible fixed assets | 22/27 | €21,450 | €11,752 | -€9,698 | -45.2% |
| Furniture and vehicles | 24 | €21,450 | €6,769 | -€14,681 | -68.4% |
| Other tangible fixed assets | 26 | - | €4,983 | +€4,983 | |
| Financial fixed assets | 28 | - | €56 | +€56 | |
| Current assets | 29/58 | €131,941 | €170,879 | +€38,938 | +29.5% |
| Amounts receivable after more than one year | 29 | €57,400 | €99,800 | +€42,400 | +73.9% |
| Other amounts receivable | 291 | €57,400 | €99,800 | +€42,400 | +73.9% |
| Amounts receivable within one year | 40/41 | €73,578 | €58,646 | -€14,932 | -20.3% |
| Trade receivables | 40 | €37,560 | €22,628 | -€14,932 | -39.8% |
| Other amounts receivable | 41 | €36,017 | €36,017 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €11,663 | +€11,663 | +14,578,863% |
| Deferred charges and accrued income | 490/1 | €963 | €770 | -€193 | -20.1% |
| Total equity and liabilities | 10/49 | €153,391 | €182,687 | +€29,296 | +19.1% |
| Equity | 10/15 | €62,572 | €100,819 | +€38,247 | +61.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,360 | €56,360 | +€38,000 | +207% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,500 | €54,500 | +€38,000 | +230% |
| Profit (loss) carried forward | 14 | €38,012 | €38,259 | +€247 | +0.6% |
| Amounts payable | 17/49 | €90,819 | €81,868 | -€8,951 | -9.9% |
| Amounts payable after more than one year | 17 | €31,486 | €23,649 | -€7,837 | -24.9% |
| Financial debts | 170/4 | €31,486 | €23,649 | -€7,837 | -24.9% |
| Amounts payable within one year | 42/48 | €59,333 | €58,219 | -€1,114 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €7,194 | €10,572 | +€3,378 | +47.0% |
| Financial debts | 43 | €759 | €5,117 | +€4,358 | +574% |
| Other loans | 439 | €759 | €5,117 | +€4,358 | +574% |
| Trade debts | 44 | €30,866 | €24,085 | -€6,781 | -22.0% |
| Suppliers | 440/4 | €30,866 | €24,085 | -€6,781 | -22.0% |
| Advances received on contracts in progress | 46 | €9,000 | - | -€9,000 | |
| Taxes, remuneration and social security | 45 | €10,844 | €15,484 | +€4,640 | +42.8% |
| Taxes | 450/3 | €10,844 | €15,484 | +€4,640 | +42.8% |
| Other amounts payable | 47/48 | €670 | €2,961 | +€2,291 | +342% |
| Remuneration, social security and pensions | 62 | €265 | €849 | +€584 | +220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,444 | €6,423 | -€21 | -0.3% |
| Other operating charges | 640/8 | €4,895 | €12,164 | +€7,269 | +148% |
| Gross operating margin | 9900 | €20,364 | €89,161 | +€68,797 | +338% |
| Operating profit (loss) | 9901 | €8,759 | €69,725 | +€60,965 | +696% |
| Financial income | 75/76B | €1,869 | €2,429 | +€560 | +30.0% |
| Recurring financial income | 75 | €1,869 | €2,429 | +€560 | +30.0% |
| Financial charges | 65/66B | €4,253 | €9,027 | +€4,774 | +112% |
| Recurring financial charges | 65 | €4,253 | €9,027 | +€4,774 | +112% |
| Profit (loss) for the period before taxes | 9903 | €6,375 | €63,127 | +€56,751 | +890% |
| Income taxes | 67/77 | €2,612 | €24,880 | +€22,268 | +852% |
| Profit (loss) for the period | 9904 | €3,763 | €38,247 | +€34,484 | +916% |
| Profit (loss) for the period to be appropriated | 9905 | €3,763 | €38,247 | +€34,484 | +916% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.