BEL 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.
BEL DECOR
Largest movements
- Cash -€39,866
down €39,866 (-95.3%), from €41,839 to €1,973
mainly Contributions, distributions and other (-€32,000) and Receivables within one year (-€29,238)
- Receivables within one year +€29,238
up €29,238 (+29.9%), from €97,810 to €127,048
of which Other amounts receivable: +€22,699
- Tangible fixed assets -€1,804
down €1,804 (-59.7%), from €3,021 to €1,217
- Other debts +€32,000
new in 2025: €32,000
- Profit (loss) carried forward -€15,192
down €15,192 (-19.5%), from €77,903 to €62,711
- Tax, wage and social debts -€13,644
down €13,644 (-61.8%), from €22,063 to €8,419
of which Remuneration and social security: -€14,279
- Trade debts -€11,596
down €11,596 (-63.6%), from €18,244 to €6,648
- Provisions -€4,000
no longer reported in 2025 (was €4,000)
- Purchases and services -€75,406
down €75,406 (-17.5%), from €430,563 to €355,157
- Gross operating margin -€8,627
down €8,627 (-24.5%), from €35,186 to €26,560
- Depreciation -€4,897
down €4,897 (-61.8%), from €7,926 to €3,029
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 | €142,670 | €130,238 | -€12,432 | -8.7% |
| Fixed assets | 21/28 | €3,021 | €1,217 | -€1,804 | -59.7% |
| Tangible fixed assets | 22/27 | €3,021 | €1,217 | -€1,804 | -59.7% |
| Furniture and vehicles | 24 | €3,021 | €1,217 | -€1,804 | -59.7% |
| Current assets | 29/58 | €139,649 | €129,021 | -€10,628 | -7.6% |
| Amounts receivable within one year | 40/41 | €97,810 | €127,048 | +€29,238 | +29.9% |
| Trade receivables | 40 | €36,378 | €42,917 | +€6,539 | +18.0% |
| Other amounts receivable | 41 | €61,432 | €84,131 | +€22,699 | +36.9% |
| Cash at bank and in hand | 54/58 | €41,839 | €1,973 | -€39,866 | -95.3% |
| Total equity and liabilities | 10/49 | €142,670 | €130,238 | -€12,432 | -8.7% |
| Equity | 10/15 | €98,363 | €83,171 | -€15,192 | -15.4% |
| 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 | €77,903 | €62,711 | -€15,192 | -19.5% |
| Provisions and deferred taxes | 16 | €4,000 | - | -€4,000 | |
| Provisions for liabilities and charges | 160/5 | €4,000 | - | -€4,000 | |
| Environmental obligations | 163 | €4,000 | - | -€4,000 | |
| Amounts payable | 17/49 | €40,307 | €47,067 | +€6,760 | +16.8% |
| Amounts payable within one year | 42/48 | €40,307 | €47,067 | +€6,760 | +16.8% |
| Trade debts | 44 | €18,244 | €6,648 | -€11,596 | -63.6% |
| Suppliers | 440/4 | €18,244 | €6,648 | -€11,596 | -63.6% |
| Taxes, remuneration and social security | 45 | €22,063 | €8,419 | -€13,644 | -61.8% |
| Taxes | 450/3 | €7,785 | €8,419 | +€634 | +8.1% |
| Remuneration and social security | 454/9 | €14,279 | - | -€14,279 | |
| Other amounts payable | 47/48 | - | €32,000 | +€32,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €430,563 | €355,157 | -€75,406 | -17.5% |
| Remuneration, social security and pensions | 62 | - | €311 | +€311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,926 | €3,029 | -€4,897 | -61.8% |
| Other operating charges | 640/8 | €984 | €887 | -€97 | -9.8% |
| Gross operating margin | 9900 | €35,186 | €26,560 | -€8,627 | -24.5% |
| Operating profit (loss) | 9901 | €26,277 | €22,333 | -€3,944 | -15.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €53 | +€53 | |
| Recurring financial charges | 65 | - | €53 | +€53 | |
| Profit (loss) for the period before taxes | 9903 | €26,277 | €22,280 | -€3,997 | -15.2% |
| Income taxes | 67/77 | €5,471 | €5,472 | +€1 | 0.0% |
| Profit (loss) for the period | 9904 | €20,806 | €16,808 | -€3,998 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,806 | €16,808 | -€3,998 | -19.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.