GOLD DECOR ART: what changed
GOLD DECOR ART
Largest movements
- Receivables within one year +€119,930
up €119,930 (+591%), from €20,297 to €140,227
of which Trade receivables: +€113,803
- Tangible fixed assets -€27,155
no longer reported in 2025 (was €27,155)
- Cash +€20,959
up €20,959 (+1,001%), from €2,093 to €23,052
mainly Advances received (+€67,935) and Trade debts (+€38,014)
- Advances received +€67,935
up €67,935 (+172%), from €39,443 to €107,378
- Trade debts +€38,014
new in 2025: €38,014
- Profit (loss) carried forward +€6,972
up €6,972 (+513%), from €1,360 to €8,332
- Tax, wage and social debts +€2,250
new in 2025: €2,250
- Other operating charges +€3,613
up €3,613 (+644%), from €561 to €4,174
- Taxes +€1,588
up €1,588 (+240%), from €662 to €2,250
- Gross operating margin -€1,306
down €1,306 (-8.8%), from €14,908 to €13,602
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,754 | €163,488 | +€113,734 | +229% |
| Fixed assets | 21/28 | €27,155 | - | -€27,155 | |
| Tangible fixed assets | 22/27 | €27,155 | - | -€27,155 | |
| Furniture and vehicles | 24 | €27,155 | - | -€27,155 | |
| Current assets | 29/58 | €22,599 | €163,488 | +€140,889 | +623% |
| Amounts receivable within one year | 40/41 | €20,297 | €140,227 | +€119,930 | +591% |
| Trade receivables | 40 | €19,925 | €133,728 | +€113,803 | +571% |
| Other amounts receivable | 41 | €373 | €6,499 | +€6,127 | +1,645% |
| Cash at bank and in hand | 54/58 | €2,093 | €23,052 | +€20,959 | +1,001% |
| Deferred charges and accrued income | 490/1 | €209 | €209 | = | 0.0% |
| Total equity and liabilities | 10/49 | €49,754 | €163,488 | +€113,734 | +229% |
| Equity | 10/15 | €5,360 | €12,332 | +€6,972 | +130% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,360 | €8,332 | +€6,972 | +513% |
| Amounts payable | 17/49 | €44,394 | €151,157 | +€106,762 | +240% |
| Amounts payable within one year | 42/48 | €44,394 | €151,157 | +€106,762 | +240% |
| Trade debts | 44 | - | €38,014 | +€38,014 | |
| Suppliers | 440/4 | - | €38,014 | +€38,014 | |
| Advances received on contracts in progress | 46 | €39,443 | €107,378 | +€67,935 | +172% |
| Taxes, remuneration and social security | 45 | - | €2,250 | +€2,250 | |
| Taxes | 450/3 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €4,951 | €3,514 | -€1,437 | -29.0% |
| Other operating charges | 640/8 | €561 | €4,174 | +€3,613 | +644% |
| Gross operating margin | 9900 | €14,908 | €13,602 | -€1,306 | -8.8% |
| Operating profit (loss) | 9901 | €14,347 | €9,428 | -€4,919 | -34.3% |
| Financial charges | 65/66B | €228 | €206 | -€21 | -9.3% |
| Recurring financial charges | 65 | €228 | €206 | -€21 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €14,120 | €9,222 | -€4,898 | -34.7% |
| Income taxes | 67/77 | €662 | €2,250 | +€1,588 | +240% |
| Profit (loss) for the period | 9904 | €13,458 | €6,972 | -€6,486 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,458 | €6,972 | -€6,486 | -48.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.