ARTHUR DECOR: what changed
Two fiscal 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.
ARTHUR DECOR
Largest movements
- Receivables within one year -€134,828
down €134,828 (-33.0%), from €408,104 to €273,277
of which Trade receivables: -€105,967
- Cash -€84,059
down €84,059 (-23.4%), from €359,210 to €275,151
mainly Net result for the year (-€121,655) and Tax, wage and social debts (-€35,701)
- Profit (loss) carried forward -€121,655
down €121,655 (-19.2%), from €633,834 to €512,178
- Tax, wage and social debts -€35,701
down €35,701 (-56.4%), from €63,285 to €27,585
of which Taxes: -€33,056
- Trade debts -€30,100
down €30,100 (-52.6%), from €57,197 to €27,098
- Other debts -€21,429
no longer reported in 2025 (was €21,429)
- Debts after one year -€11,157
down €11,157 (-5.9%), from €187,653 to €176,495
- Gross operating margin -€178,810
down €178,810 (-55.7%), from €321,058 to €142,248
- Write-downs +€136,258
new in 2025: €136,258
- Taxes -€49,102
down €49,102 (-89.2%), from €55,043 to €5,941
- Staff costs +€7,271
up €7,271 (+7.6%), from €96,036 to €103,307
- Other operating charges -€3,451
down €3,451 (-60.2%), from €5,737 to €2,286
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.
Cash bridge derived
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 | €983,858 | €764,162 | -€219,696 | -22.3% |
| Fixed assets | 21/28 | €216,087 | €209,432 | -€6,655 | -3.1% |
| Tangible fixed assets | 22/27 | €215,676 | €209,021 | -€6,655 | -3.1% |
| Land and buildings | 22 | €207,838 | €196,925 | -€10,913 | -5.3% |
| Plant, machinery and equipment | 23 | €470 | €305 | -€164 | -35.0% |
| Furniture and vehicles | 24 | €7,367 | €11,790 | +€4,423 | +60.0% |
| Financial fixed assets | 28 | €411 | €411 | = | 0.0% |
| Current assets | 29/58 | €767,771 | €554,730 | -€213,041 | -27.7% |
| Amounts receivable within one year | 40/41 | €408,104 | €273,277 | -€134,828 | -33.0% |
| Trade receivables | 40 | €305,600 | €199,633 | -€105,967 | -34.7% |
| Other amounts receivable | 41 | €102,504 | €73,644 | -€28,860 | -28.2% |
| Cash at bank and in hand | 54/58 | €359,210 | €275,151 | -€84,059 | -23.4% |
| Deferred charges and accrued income | 490/1 | €457 | €6,303 | +€5,846 | +1279.2% |
| Total equity and liabilities | 10/49 | €983,858 | €764,162 | -€219,696 | -22.3% |
| Equity | 10/15 | €654,294 | €532,639 | -€121,655 | -18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €633,834 | €512,178 | -€121,655 | -19.2% |
| Amounts payable | 17/49 | €329,564 | €231,524 | -€98,041 | -29.7% |
| Amounts payable after more than one year | 17 | €187,653 | €176,495 | -€11,157 | -5.9% |
| Financial debts | 170/4 | €187,653 | €176,495 | -€11,157 | -5.9% |
| Amounts payable within one year | 42/48 | €141,911 | €55,028 | -€86,883 | -61.2% |
| Current portion of amounts payable after more than one year | 42 | - | €346 | +€346 | |
| Trade debts | 44 | €57,197 | €27,098 | -€30,100 | -52.6% |
| Suppliers | 440/4 | €57,197 | €27,098 | -€30,100 | -52.6% |
| Taxes, remuneration and social security | 45 | €63,285 | €27,585 | -€35,701 | -56.4% |
| Taxes | 450/3 | €60,641 | €27,585 | -€33,056 | -54.5% |
| Remuneration and social security | 454/9 | €2,645 | - | -€2,645 | |
| Other amounts payable | 47/48 | €21,429 | - | -€21,429 | |
| Remuneration, social security and pensions | 62 | €96,036 | €103,307 | +€7,271 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,575 | €14,409 | +€834 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €136,258 | +€136,258 | |
| Other operating charges | 640/8 | €5,737 | €2,286 | -€3,451 | -60.2% |
| Gross operating margin | 9900 | €321,058 | €142,248 | -€178,810 | -55.7% |
| Operating profit (loss) | 9901 | €205,709 | -€114,013 | -€319,722 | |
| Financial income | 75/76B | €5,295 | €4,516 | -€779 | -14.7% |
| Recurring financial income | 75 | €5,295 | €4,516 | -€779 | -14.7% |
| Financial charges | 65/66B | €5,931 | €6,218 | +€287 | +4.8% |
| Recurring financial charges | 65 | €5,931 | €6,218 | +€287 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €205,073 | -€115,714 | -€320,788 | |
| Income taxes | 67/77 | €55,043 | €5,941 | -€49,102 | -89.2% |
| Profit (loss) for the period | 9904 | €150,030 | -€121,655 | -€271,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,030 | -€121,655 | -€271,685 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.