BG. 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.
BG. DECOR
Largest movements
- Tangible fixed assets -€44,121
down €44,121 (-7.0%), from €627,641 to €583,520
of which Land and buildings: -€38,790
- Stocks and contracts +€30,269
up €30,269 (+1067.4%), from €2,836 to €33,105
of which Contracts in progress: +€28,000
- Cash -€14,715
down €14,715 (-54.7%), from €26,915 to €12,200
mainly Debts after one year (-€40,053) and Stocks and contracts (-€30,269)
- Receivables within one year +€8,108
up €8,108 (+71.4%), from €11,351 to €19,459
of which Trade receivables: +€7,714
- Debts after one year -€40,053
down €40,053 (-9.6%), from €415,131 to €375,078
- Profit (loss) carried forward +€9,179
up €9,179 (+8.7%), from €106,083 to €115,261
- Gross operating margin +€31,504
up €31,504 (+23.6%), from €133,449 to €164,953
- Depreciation +€11,033
up €11,033 (+30.3%), from €36,357 to €47,390
- Staff costs +€4,227
up €4,227 (+6.9%), from €61,112 to €65,339
- Financial charges +€2,054
up €2,054 (+9.1%), from €22,670 to €24,724
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 | €676,914 | €654,931 | -€21,983 | -3.2% |
| Fixed assets | 21/28 | €627,641 | €583,520 | -€44,121 | -7.0% |
| Tangible fixed assets | 22/27 | €627,641 | €583,520 | -€44,121 | -7.0% |
| Land and buildings | 22 | €592,907 | €554,117 | -€38,790 | -6.5% |
| Plant, machinery and equipment | 23 | €14,134 | €13,182 | -€952 | -6.7% |
| Furniture and vehicles | 24 | €20,600 | €16,221 | -€4,378 | -21.3% |
| Current assets | 29/58 | €49,274 | €71,411 | +€22,137 | +44.9% |
| Stocks and contracts in progress | 3 | €2,836 | €33,105 | +€30,269 | +1067.4% |
| Stocks | 30/36 | €2,836 | €5,105 | +€2,269 | +80.0% |
| Contracts in progress | 37 | - | €28,000 | +€28,000 | |
| Amounts receivable within one year | 40/41 | €11,351 | €19,459 | +€8,108 | +71.4% |
| Trade receivables | 40 | €9,977 | €17,691 | +€7,714 | +77.3% |
| Other amounts receivable | 41 | €1,374 | €1,769 | +€394 | +28.7% |
| Cash at bank and in hand | 54/58 | €26,915 | €12,200 | -€14,715 | -54.7% |
| Deferred charges and accrued income | 490/1 | €8,171 | €6,646 | -€1,525 | -18.7% |
| Total equity and liabilities | 10/49 | €676,914 | €654,931 | -€21,983 | -3.2% |
| Equity | 10/15 | €133,133 | €142,311 | +€9,179 | +6.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €5,050 | €5,050 | = | 0.0% |
| Distributable reserves | 133 | €5,050 | €5,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,083 | €115,261 | +€9,179 | +8.7% |
| Provisions and deferred taxes | 16 | €32,369 | €32,369 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €32,369 | €32,369 | = | 0.0% |
| Pensions and similar obligations | 160 | €32,369 | €32,369 | = | 0.0% |
| Amounts payable | 17/49 | €511,413 | €480,251 | -€31,162 | -6.1% |
| Amounts payable after more than one year | 17 | €415,131 | €375,078 | -€40,053 | -9.6% |
| Financial debts | 170/4 | €415,131 | €375,078 | -€40,053 | -9.6% |
| Amounts payable within one year | 42/48 | €96,282 | €105,173 | +€8,891 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €38,291 | €40,053 | +€1,762 | +4.6% |
| Trade debts | 44 | €14,635 | €16,490 | +€1,854 | +12.7% |
| Suppliers | 440/4 | €14,635 | €16,490 | +€1,854 | +12.7% |
| Taxes, remuneration and social security | 45 | €13,877 | €16,614 | +€2,737 | +19.7% |
| Taxes | 450/3 | €13,877 | €16,614 | +€2,737 | +19.7% |
| Other amounts payable | 47/48 | €29,478 | €32,016 | +€2,537 | +8.6% |
| Remuneration, social security and pensions | 62 | €61,112 | €65,339 | +€4,227 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,357 | €47,390 | +€11,033 | +30.3% |
| Other operating charges | 640/8 | €5,652 | €5,706 | +€54 | +0.9% |
| Non-recurring operating charges | 66A | €1,051 | - | -€1,051 | |
| Gross operating margin | 9900 | €133,449 | €164,953 | +€31,504 | +23.6% |
| Operating profit (loss) | 9901 | €29,277 | €46,518 | +€17,241 | +58.9% |
| Financial income | 75/76B | €7 | €9 | +€2 | +27.5% |
| Recurring financial income | 75 | €7 | €9 | +€2 | +27.5% |
| Financial charges | 65/66B | €22,670 | €24,724 | +€2,054 | +9.1% |
| Recurring financial charges | 65 | €22,670 | €24,724 | +€2,054 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €6,614 | €21,803 | +€15,189 | +229.6% |
| Income taxes | 67/77 | €10,990 | €12,625 | +€1,635 | +14.9% |
| Profit (loss) for the period | 9904 | -€4,375 | €9,179 | +€13,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,375 | €9,179 | +€13,554 |
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 29 September 2026 via checked.be.