HR-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.
HR-Decor
Largest movements
- Stocks and contracts +€73,232
up €73,232 (+2,342%), from €3,127 to €76,359
of which Contracts in progress: +€74,874
- Receivables within one year -€46,544
down €46,544 (-51.1%), from €91,036 to €44,492
of which Trade receivables: -€27,371
- Tangible fixed assets -€20,457
down €20,457 (-32.3%), from €63,368 to €42,911
of which Plant, machinery and equipment: -€10,410
- Cash +€11,484
up €11,484 (+167%), from €6,874 to €18,358
mainly Receivables within one year (+€46,544) and Net result for the year (+€25,785)
- Profit (loss) carried forward +€25,785
up €25,785 (+22,380%), from €115 to €25,900
- Trade debts +€11,458
up €11,458 (+35.1%), from €32,653 to €44,111
- Tax, wage and social debts -€10,278
down €10,278 (-65.8%), from €15,631 to €5,353
of which Taxes: -€10,358
- Debts after one year -€6,541
down €6,541 (-30.2%), from €21,661 to €15,120
- Current portion of long-term debt -€4,477
down €4,477 (-42.7%), from €10,482 to €6,006
- Gross operating margin -€43,451
down €43,451 (-19.9%), from €218,049 to €174,598
- Depreciation +€3,816
up €3,816 (+20.1%), from €18,958 to €22,774
- Taxes -€2,796
down €2,796 (-29.5%), from €9,465 to €6,670
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 | €166,005 | €184,394 | +€18,390 | +11.1% |
| Fixed assets | 21/28 | €63,368 | €42,911 | -€20,457 | -32.3% |
| Tangible fixed assets | 22/27 | €63,368 | €42,911 | -€20,457 | -32.3% |
| Land and buildings | 22 | €673 | €340 | -€333 | -49.5% |
| Plant, machinery and equipment | 23 | €27,186 | €16,776 | -€10,410 | -38.3% |
| Furniture and vehicles | 24 | €7,841 | €4,724 | -€3,117 | -39.8% |
| Leasing and similar rights | 25 | €27,668 | €21,072 | -€6,596 | -23.8% |
| Current assets | 29/58 | €102,636 | €141,483 | +€38,847 | +37.8% |
| Stocks and contracts in progress | 3 | €3,127 | €76,359 | +€73,232 | +2,342% |
| Stocks | 30/36 | €3,127 | €1,486 | -€1,641 | -52.5% |
| Contracts in progress | 37 | - | €74,874 | +€74,874 | |
| Amounts receivable within one year | 40/41 | €91,036 | €44,492 | -€46,544 | -51.1% |
| Trade receivables | 40 | €62,994 | €35,622 | -€27,371 | -43.5% |
| Other amounts receivable | 41 | €28,043 | €8,870 | -€19,173 | -68.4% |
| Cash at bank and in hand | 54/58 | €6,874 | €18,358 | +€11,484 | +167% |
| Deferred charges and accrued income | 490/1 | €1,599 | €2,274 | +€675 | +42.2% |
| Total equity and liabilities | 10/49 | €166,005 | €184,394 | +€18,390 | +11.1% |
| Equity | 10/15 | €85,575 | €111,360 | +€25,785 | +30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,860 | €66,860 | = | 0.0% |
| Distributable reserves | 133 | €66,860 | €66,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115 | €25,900 | +€25,785 | +22,380% |
| Amounts payable | 17/49 | €80,430 | €73,035 | -€7,395 | -9.2% |
| Amounts payable after more than one year | 17 | €21,661 | €15,120 | -€6,541 | -30.2% |
| Financial debts | 170/4 | €21,661 | €15,120 | -€6,541 | -30.2% |
| Amounts payable within one year | 42/48 | €58,766 | €57,912 | -€854 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €10,482 | €6,006 | -€4,477 | -42.7% |
| Trade debts | 44 | €32,653 | €44,111 | +€11,458 | +35.1% |
| Suppliers | 440/4 | €32,653 | €44,111 | +€11,458 | +35.1% |
| Taxes, remuneration and social security | 45 | €15,631 | €5,353 | -€10,278 | -65.8% |
| Taxes | 450/3 | €12,649 | €2,291 | -€10,358 | -81.9% |
| Remuneration and social security | 454/9 | €2,981 | €3,061 | +€80 | +2.7% |
| Other amounts payable | 47/48 | - | €2,443 | +€2,443 | |
| Accrued charges and deferred income | 492/3 | €3 | €2 | -€0 | -12.3% |
| Remuneration, social security and pensions | 62 | €118,778 | €117,060 | -€1,718 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,958 | €22,774 | +€3,816 | +20.1% |
| Other operating charges | 640/8 | €1,827 | €1,942 | +€115 | +6.3% |
| Gross operating margin | 9900 | €218,049 | €174,598 | -€43,451 | -19.9% |
| Operating profit (loss) | 9901 | €78,485 | €32,821 | -€45,664 | -58.2% |
| Financial income | 75/76B | €325 | €848 | +€523 | +161% |
| Recurring financial income | 75 | €325 | €848 | +€523 | +161% |
| Financial charges | 65/66B | €1,353 | €1,215 | -€138 | -10.2% |
| Recurring financial charges | 65 | €1,353 | €1,215 | -€138 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €77,457 | €32,454 | -€45,003 | -58.1% |
| Income taxes | 67/77 | €9,465 | €6,670 | -€2,796 | -29.5% |
| Profit (loss) for the period | 9904 | €67,992 | €25,785 | -€42,207 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,992 | €25,785 | -€42,207 | -62.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.