LORD 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.
LORD DECOR
Largest movements
- Receivables within one year +€36,626
up €36,626 (+92.0%), from €39,817 to €76,443
of which Trade receivables: +€31,362
- Cash -€12,349
down €12,349 (-73.4%), from €16,828 to €4,479
mainly Receivables within one year (-€36,626) and Current portion of long-term debt (-€3,734)
- Tangible fixed assets -€3,311
down €3,311 (-33.5%), from €9,883 to €6,572
- Profit (loss) carried forward +€15,475
up €15,475 (+35.4%), from €43,667 to €59,143
- Trade debts +€10,220
up €10,220 (+252%), from €4,055 to €14,276
of which Bills of exchange payable: +€6,006
- Current portion of long-term debt -€3,734
no longer reported in 2025 (was €3,734)
- Tax, wage and social debts -€996
down €996 (-89.6%), from €1,112 to €116
- Depreciation -€9,352
down €9,352 (-73.9%), from €12,662 to €3,311
- Taxes +€2,660
up €2,660 (+64.4%), from €4,131 to €6,791
- Gross operating margin -€2,535
down €2,535 (-8.5%), from €29,773 to €27,238
- Financial charges +€730
up €730 (+285%), from €257 to €987
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 | €66,528 | €87,494 | +€20,966 | +31.5% |
| Fixed assets | 21/28 | €9,883 | €6,572 | -€3,311 | -33.5% |
| Tangible fixed assets | 22/27 | €9,883 | €6,572 | -€3,311 | -33.5% |
| Furniture and vehicles | 24 | €9,883 | €6,572 | -€3,311 | -33.5% |
| Current assets | 29/58 | €56,645 | €80,922 | +€24,277 | +42.9% |
| Amounts receivable within one year | 40/41 | €39,817 | €76,443 | +€36,626 | +92.0% |
| Trade receivables | 40 | €38,210 | €69,572 | +€31,362 | +82.1% |
| Other amounts receivable | 41 | €1,607 | €6,871 | +€5,264 | +328% |
| Cash at bank and in hand | 54/58 | €16,828 | €4,479 | -€12,349 | -73.4% |
| Total equity and liabilities | 10/49 | €66,528 | €87,494 | +€20,966 | +31.5% |
| Equity | 10/15 | €57,627 | €73,103 | +€15,475 | +26.9% |
| Contributions | 10/11 | €12,100 | €12,100 | = | 0.0% |
| Capital | 10 | - | €12,100 | +€12,100 | |
| Issued capital | 100 | - | €12,100 | +€12,100 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,667 | €59,143 | +€15,475 | +35.4% |
| Amounts payable | 17/49 | €8,901 | €14,391 | +€5,490 | +61.7% |
| Amounts payable within one year | 42/48 | €8,901 | €14,391 | +€5,490 | +61.7% |
| Current portion of amounts payable after more than one year | 42 | €3,734 | - | -€3,734 | |
| Trade debts | 44 | €4,055 | €14,276 | +€10,220 | +252% |
| Suppliers | 440/4 | €430 | €4,644 | +€4,214 | +980% |
| Bills of exchange payable | 441 | €3,625 | €9,632 | +€6,006 | +166% |
| Taxes, remuneration and social security | 45 | €1,112 | €116 | -€996 | -89.6% |
| Taxes | 450/3 | €1,112 | €116 | -€996 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,662 | €3,311 | -€9,352 | -73.9% |
| Other operating charges | 640/8 | €518 | €674 | +€156 | +30.1% |
| Gross operating margin | 9900 | €29,773 | €27,238 | -€2,535 | -8.5% |
| Operating profit (loss) | 9901 | €16,592 | €23,253 | +€6,661 | +40.1% |
| Financial charges | 65/66B | €257 | €987 | +€730 | +285% |
| Recurring financial charges | 65 | €257 | €987 | +€730 | +285% |
| Profit (loss) for the period before taxes | 9903 | €16,336 | €22,266 | +€5,931 | +36.3% |
| Income taxes | 67/77 | €4,131 | €6,791 | +€2,660 | +64.4% |
| Profit (loss) for the period | 9904 | €12,205 | €15,475 | +€3,270 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,205 | €15,475 | +€3,270 | +26.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.