Class 21 - ART DECOR: what changed
What changed
Class 21 - ART DECOR
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€27,153
2023 · €40,964-€68,117
Equity
-€30,942
2023 · -€3,789-€27,153
Cash
€14,091
2023 · €1,559+€12,532
Balance sheet total
€1.0m
2023 · €44,192+€986,892
Largest movements
Assets
- Stocks and contracts +€813,963
up €813,963 (+23,321%), from €3,490 to €817,454
- Receivables within one year +€161,376
up €161,376 (+1,241%), from €13,000 to €174,376
of which Trade receivables: +€155,844
- Cash +€12,532
up €12,532 (+804%), from €1,559 to €14,091
mainly Debts after one year (+€657,651) and Other debts (+€238,339)
Equity and liabilities
- Debts after one year +€657,651
up €657,651 (+1,644%), from €40,000 to €697,651
- Other debts +€238,339
up €238,339 (+5,834%), from €4,085 to €242,424
- Short-term financial debts +€100,793
new in 2024: €100,793
- Profit (loss) carried forward -€27,153
down €27,153 (-80.4%), from -€33,789 to -€60,942
Income statement
- Purchases and services +€73,405
new in 2024: €73,405
- Gross operating margin -€63,912
down €63,912, from €46,904 to -€17,008
- Financial charges +€5,890
up €5,890 (+5,631%), from €105 to €5,994
- Depreciation -€2,011
down €2,011 (-50.0%), from €4,022 to €2,011
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€40,964
Gross operating margin
-€63,912
Staff costs
-€51
Depreciation
+€2,011
Other operating charges
-€275
Financial income
-€0
Financial charges
-€5,890
Result 2024
-€27,153
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€744,880
Investment
-€1,032
Financing
+€758,444
Cash 2023
€1,559
From operations (derived)
-€744,880
Net result for the year
-€27,153
Depreciation
+€2,011
Stocks and contracts
-€813,963
Receivables within one year
-€161,376
Trade debts
+€9,729
Smaller working-capital items
+€534
Advances received
+€7,000
Other debts
+€238,339
Investment (derived)
-€1,032
Investment in fixed assets (net)
-€1,032
Financing
+€758,444
Debts after one year
+€657,651
Short-term financial debts
+€100,793
Cash 2024
€14,091
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,192 | €1,031,084 | +€986,892 | +2,233% |
| Fixed assets | 21/28 | €26,143 | €25,164 | -€979 | -3.7% |
| Tangible fixed assets | 22/27 | €26,143 | €25,164 | -€979 | -3.7% |
| Furniture and vehicles | 24 | €26,143 | €25,164 | -€979 | -3.7% |
| Current assets | 29/58 | €18,049 | €1,005,920 | +€987,871 | +5,473% |
| Stocks and contracts in progress | 3 | €3,490 | €817,454 | +€813,963 | +23,321% |
| Stocks | 30/36 | €3,490 | €817,454 | +€813,963 | +23,321% |
| Amounts receivable within one year | 40/41 | €13,000 | €174,376 | +€161,376 | +1,241% |
| Trade receivables | 40 | €13,000 | €168,844 | +€155,844 | +1,199% |
| Other amounts receivable | 41 | - | €5,532 | +€5,532 | |
| Cash at bank and in hand | 54/58 | €1,559 | €14,091 | +€12,532 | +804% |
| Total equity and liabilities | 10/49 | €44,192 | €1,031,084 | +€986,892 | +2,233% |
| Equity | 10/15 | -€3,789 | -€30,942 | -€27,153 | -717% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,789 | -€60,942 | -€27,153 | -80.4% |
| Amounts payable | 17/49 | €47,982 | €1,062,027 | +€1.0m | +2,113% |
| Amounts payable after more than one year | 17 | €40,000 | €697,651 | +€657,651 | +1,644% |
| Financial debts | 170/4 | €40,000 | €697,651 | +€657,651 | +1,644% |
| Amounts payable within one year | 42/48 | €7,982 | €363,798 | +€355,816 | +4,458% |
| Financial debts | 43 | - | €100,793 | +€100,793 | |
| Credit institutions | 430/8 | - | €100,793 | +€100,793 | |
| Trade debts | 44 | €3,253 | €12,982 | +€9,729 | +299% |
| Suppliers | 440/4 | €3,253 | €12,982 | +€9,729 | +299% |
| Advances received on contracts in progress | 46 | - | €7,000 | +€7,000 | |
| Taxes, remuneration and social security | 45 | €643 | €600 | -€43 | -6.8% |
| Taxes | 450/3 | €643 | €600 | -€43 | -6.8% |
| Other amounts payable | 47/48 | €4,085 | €242,424 | +€238,339 | +5,834% |
| Accrued charges and deferred income | 492/3 | - | €577 | +€577 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €73,405 | +€73,405 | |
| Remuneration, social security and pensions | 62 | - | €51 | +€51 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,022 | €2,011 | -€2,011 | -50.0% |
| Other operating charges | 640/8 | €1,813 | €2,089 | +€275 | +15.2% |
| Gross operating margin | 9900 | €46,904 | -€17,008 | -€63,912 | |
| Operating profit (loss) | 9901 | €41,068 | -€21,159 | -€62,227 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.7% |
| Financial charges | 65/66B | €105 | €5,994 | +€5,890 | +5,631% |
| Recurring financial charges | 65 | €105 | €5,994 | +€5,890 | +5,631% |
| Profit (loss) for the period before taxes | 9903 | €40,964 | -€27,153 | -€68,117 | |
| Profit (loss) for the period | 9904 | €40,964 | -€27,153 | -€68,117 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,964 | -€27,153 | -€68,117 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.