BELRO-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.
BELRO-DECOR
Largest movements
- Receivables within one year +€48,750
up €48,750 (+12.4%), from €394,552 to €443,302
of which Trade receivables: +€31,023
- Cash -€12,891
down €12,891 (-26.0%), from €49,531 to €36,641
mainly Receivables within one year (-€48,750) and Tax, wage and social debts (-€4,681)
- Trade debts +€23,810
up €23,810 (+10.2%), from €234,222 to €258,032
of which Suppliers: +€13,848
- Profit (loss) carried forward +€20,562
up €20,562 (+12.4%), from €165,760 to €186,322
- Gross operating margin -€17,374
down €17,374 (-36.4%), from €47,703 to €30,329
- Taxes -€4,698
down €4,698 (-36.6%), from €12,828 to €8,130
- Other operating charges -€1,373
down €1,373 (-85.0%), from €1,615 to €242
- Financial charges +€664
up €664 (+90.8%), from €732 to €1,396
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 | €444,083 | €479,943 | +€35,860 | +8.1% |
| Current assets | 29/58 | €444,083 | €479,943 | +€35,860 | +8.1% |
| Amounts receivable within one year | 40/41 | €394,552 | €443,302 | +€48,750 | +12.4% |
| Trade receivables | 40 | €308,322 | €339,345 | +€31,023 | +10.1% |
| Other amounts receivable | 41 | €86,230 | €103,958 | +€17,728 | +20.6% |
| Cash at bank and in hand | 54/58 | €49,531 | €36,641 | -€12,891 | -26.0% |
| Total equity and liabilities | 10/49 | €444,083 | €479,943 | +€35,860 | +8.1% |
| Equity | 10/15 | €186,220 | €206,782 | +€20,562 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,760 | €186,322 | +€20,562 | +12.4% |
| Provisions and deferred taxes | 16 | €7,000 | €7,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,000 | €7,000 | = | 0.0% |
| Environmental obligations | 163 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable | 17/49 | €250,864 | €266,162 | +€15,298 | +6.1% |
| Amounts payable within one year | 42/48 | €250,864 | €266,162 | +€15,298 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €3,831 | - | -€3,831 | |
| Trade debts | 44 | €234,222 | €258,032 | +€23,810 | +10.2% |
| Suppliers | 440/4 | €21,443 | €35,290 | +€13,848 | +64.6% |
| Bills of exchange payable | 441 | €212,779 | €222,741 | +€9,962 | +4.7% |
| Taxes, remuneration and social security | 45 | €12,811 | €8,130 | -€4,681 | -36.5% |
| Taxes | 450/3 | €12,811 | €8,130 | -€4,681 | -36.5% |
| Other operating charges | 640/8 | €1,615 | €242 | -€1,373 | -85.0% |
| Gross operating margin | 9900 | €47,703 | €30,329 | -€17,374 | -36.4% |
| Operating profit (loss) | 9901 | €46,088 | €30,087 | -€16,000 | -34.7% |
| Financial charges | 65/66B | €732 | €1,396 | +€664 | +90.8% |
| Recurring financial charges | 65 | €732 | €1,396 | +€664 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | €45,356 | €28,692 | -€16,665 | -36.7% |
| Income taxes | 67/77 | €12,828 | €8,130 | -€4,698 | -36.6% |
| Profit (loss) for the period | 9904 | €32,528 | €20,562 | -€11,966 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,528 | €20,562 | -€11,966 | -36.8% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.