BGF 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.
BGF DECOR
Largest movements
- Receivables within one year +€62,372
up €62,372 (+1111.1%), from €5,614 to €67,985
of which Trade receivables: +€57,016
- Cash -€16,606
down €16,606 (-58.6%), from €28,348 to €11,742
mainly Receivables within one year (-€62,372) and Other debts (-€15,854)
- Tangible fixed assets -€2,077
down €2,077 (-17.7%), from €11,750 to €9,673
of which Furniture and vehicles: -€3,270
- Deferred charges and accrued income -€1,121
down €1,121 (-65.0%), from €1,723 to €602
- Advances received +€20,929
new in 2025: €20,929
- Other debts -€15,854
down €15,854 (-57.3%), from €27,656 to €11,802
- Reserves +€15,000
up €15,000 (+333.3%), from €4,500 to €19,500
- Trade debts +€13,906
up €13,906 (+266.0%), from €5,228 to €19,134
- Profit (loss) carried forward +€8,976
up €8,976 (+256.3%), from €3,502 to €12,478
- Purchases and services -€39,591
no longer reported in 2025 (was €39,591)
- Gross operating margin +€32,668
up €32,668 (+247.9%), from €13,180 to €45,849
- Taxes +€7,951
up €7,951 (+372.9%), from €2,132 to €10,083
- Staff costs +€5,712
up €5,712 (+2316.2%), from €247 to €5,958
- Depreciation +€884
up €884 (+19.9%), from €4,436 to €5,321
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 | €48,724 | €90,975 | +€42,251 | +86.7% |
| Formation expenses | 20 | €946 | €629 | -€317 | -33.5% |
| Fixed assets | 21/28 | €12,093 | €10,016 | -€2,077 | -17.2% |
| Tangible fixed assets | 22/27 | €11,750 | €9,673 | -€2,077 | -17.7% |
| Plant, machinery and equipment | 23 | €4,999 | €6,193 | +€1,194 | +23.9% |
| Furniture and vehicles | 24 | €6,751 | €3,480 | -€3,270 | -48.4% |
| Financial fixed assets | 28 | €343 | €343 | = | 0.0% |
| Current assets | 29/58 | €35,685 | €80,330 | +€44,645 | +125.1% |
| Amounts receivable within one year | 40/41 | €5,614 | €67,985 | +€62,372 | +1111.1% |
| Trade receivables | 40 | €4,980 | €61,997 | +€57,016 | +1144.8% |
| Other amounts receivable | 41 | €633 | €5,989 | +€5,355 | +845.7% |
| Cash at bank and in hand | 54/58 | €28,348 | €11,742 | -€16,606 | -58.6% |
| Deferred charges and accrued income | 490/1 | €1,723 | €602 | -€1,121 | -65.0% |
| Total equity and liabilities | 10/49 | €48,724 | €90,975 | +€42,251 | +86.7% |
| Equity | 10/15 | €13,002 | €36,978 | +€23,976 | +184.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €19,500 | +€15,000 | +333.3% |
| Distributable reserves | 133 | €4,500 | €19,500 | +€15,000 | +333.3% |
| Profit (loss) carried forward | 14 | €3,502 | €12,478 | +€8,976 | +256.3% |
| Amounts payable | 17/49 | €35,722 | €53,997 | +€18,275 | +51.2% |
| Amounts payable within one year | 42/48 | €35,722 | €53,997 | +€18,275 | +51.2% |
| Trade debts | 44 | €5,228 | €19,134 | +€13,906 | +266.0% |
| Suppliers | 440/4 | €5,228 | €19,134 | +€13,906 | +266.0% |
| Advances received on contracts in progress | 46 | - | €20,929 | +€20,929 | |
| Taxes, remuneration and social security | 45 | €2,838 | €2,132 | -€707 | -24.9% |
| Taxes | 450/3 | €2,838 | €2,132 | -€707 | -24.9% |
| Other amounts payable | 47/48 | €27,656 | €11,802 | -€15,854 | -57.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,591 | - | -€39,591 | |
| Remuneration, social security and pensions | 62 | €247 | €5,958 | +€5,712 | +2316.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,436 | €5,321 | +€884 | +19.9% |
| Other operating charges | 640/8 | €190 | €400 | +€209 | +110.0% |
| Gross operating margin | 9900 | €13,180 | €45,849 | +€32,668 | +247.9% |
| Operating profit (loss) | 9901 | €8,307 | €34,170 | +€25,863 | +311.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €91 | €112 | +€21 | +22.6% |
| Recurring financial charges | 65 | €91 | €112 | +€21 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €8,216 | €34,059 | +€25,843 | +314.5% |
| Income taxes | 67/77 | €2,132 | €10,083 | +€7,951 | +372.9% |
| Profit (loss) for the period | 9904 | €6,084 | €23,976 | +€17,892 | +294.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,084 | €23,976 | +€17,892 | +294.1% |
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 8 October 2026 via checked.be.