ART 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.
ART DECOR
Largest movements
- Receivables within one year -€27,520
down €27,520 (-28.4%), from €96,868 to €69,348
of which Trade receivables: -€43,816
- Cash +€8,099
new in 2024: €8,099
mainly Receivables within one year (+€27,520) and Debts after one year (+€15,246)
- Tangible fixed assets +€6,829
up €6,829 (+24.0%), from €28,406 to €35,235
of which Furniture and vehicles: +€7,129
- Profit (loss) carried forward -€23,937
down €23,937 (-38.7%), from €61,890 to €37,953
- Debts after one year +€15,246
up €15,246 (+76.2%), from €20,009 to €35,255
- Other debts -€10,000
no longer reported in 2024 (was €10,000)
- Current portion of long-term debt +€7,798
up €7,798 (+130%), from €6,002 to €13,800
- Trade debts -€1,958
down €1,958 (-18.5%), from €10,573 to €8,615
- Write-downs +€36,643
new in 2024: €36,643
- Gross operating margin -€25,542
down €25,542 (-50.9%), from €50,230 to €24,688
- Other operating charges -€24,870
down €24,870 (-97.6%), from €25,493 to €623
- Staff costs +€4,617
new in 2024: €4,617
- Depreciation +€2,299
up €2,299 (+43.9%), from €5,240 to €7,539
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 | €125,274 | €112,681 | -€12,593 | -10.1% |
| Fixed assets | 21/28 | €28,406 | €35,235 | +€6,829 | +24.0% |
| Tangible fixed assets | 22/27 | €28,406 | €35,235 | +€6,829 | +24.0% |
| Plant, machinery and equipment | 23 | €1,711 | €1,411 | -€300 | -17.5% |
| Furniture and vehicles | 24 | €26,694 | €33,823 | +€7,129 | +26.7% |
| Current assets | 29/58 | €96,868 | €77,447 | -€19,422 | -20.0% |
| Amounts receivable within one year | 40/41 | €96,868 | €69,348 | -€27,520 | -28.4% |
| Trade receivables | 40 | €53,260 | €9,444 | -€43,816 | -82.3% |
| Other amounts receivable | 41 | €43,608 | €59,904 | +€16,296 | +37.4% |
| Cash at bank and in hand | 54/58 | - | €8,099 | +€8,099 | |
| Total equity and liabilities | 10/49 | €125,274 | €112,681 | -€12,593 | -10.1% |
| Equity | 10/15 | €74,290 | €50,353 | -€23,937 | -32.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,890 | €37,953 | -€23,937 | -38.7% |
| Amounts payable | 17/49 | €50,984 | €62,328 | +€11,344 | +22.2% |
| Amounts payable after more than one year | 17 | €20,009 | €35,255 | +€15,246 | +76.2% |
| Financial debts | 170/4 | €20,009 | €35,255 | +€15,246 | +76.2% |
| Amounts payable within one year | 42/48 | €30,960 | €26,914 | -€4,046 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €6,002 | €13,800 | +€7,798 | +130% |
| Financial debts | 43 | €25 | - | -€25 | |
| Credit institutions | 430/8 | €25 | - | -€25 | |
| Trade debts | 44 | €10,573 | €8,615 | -€1,958 | -18.5% |
| Suppliers | 440/4 | €10,573 | €8,615 | -€1,958 | -18.5% |
| Taxes, remuneration and social security | 45 | €4,360 | €4,500 | +€140 | +3.2% |
| Taxes | 450/3 | €4,360 | €4,470 | +€111 | +2.5% |
| Remuneration and social security | 454/9 | - | €30 | +€30 | |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | €16 | €159 | +€143 | +896% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | - | €4,617 | +€4,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,240 | €7,539 | +€2,299 | +43.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,643 | +€36,643 | |
| Other operating charges | 640/8 | €25,493 | €623 | -€24,870 | -97.6% |
| Gross operating margin | 9900 | €50,230 | €24,688 | -€25,542 | -50.9% |
| Operating profit (loss) | 9901 | €19,497 | -€24,735 | -€44,232 | |
| Financial income | 75/76B | €2,344 | €3,421 | +€1,077 | +45.9% |
| Recurring financial income | 75 | €2,344 | €3,421 | +€1,077 | +45.9% |
| Financial charges | 65/66B | €1,574 | €2,483 | +€909 | +57.8% |
| Recurring financial charges | 65 | €1,574 | €2,483 | +€909 | +57.8% |
| Profit (loss) for the period before taxes | 9903 | €20,267 | -€23,797 | -€44,064 | |
| Income taxes | 67/77 | €2,243 | €140 | -€2,104 | -93.8% |
| Profit (loss) for the period | 9904 | €18,024 | -€23,937 | -€41,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,024 | -€23,937 | -€41,960 |
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 16 October 2026 via checked.be.