Agenturen DE CLERCQ: 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.
Agenturen DE CLERCQ
Largest movements
- Stocks and contracts +€286,199
up €286,199 (+52.0%), from €550,190 to €836,389
- Tangible fixed assets +€130,350
up €130,350 (+9.6%), from €1.4m to €1.5m
of which Land and buildings: +€157,746
- Cash -€96,661
down €96,661 (-16.8%), from €576,909 to €480,248
mainly Investment in fixed assets (net) (-€383,029) and Stocks and contracts (-€286,199)
- Receivables within one year +€39,965
up €39,965 (+4.5%), from €881,284 to €921,249
of which Other amounts receivable: +€33,730
- Trade debts +€272,028
up €272,028 (+25.2%), from €1.1m to €1.4m
- Reserves +€104,811
up €104,811 (+8.7%), from €1.2m to €1.3m
- Short-term financial debts -€45,914
down €45,914 (-36.2%), from €126,814 to €80,900
- Staff costs +€301,162
up €301,162 (+28.6%), from €1.1m to €1.4m
- Financial charges -€133,213
down €133,213 (-56.3%), from €236,742 to €103,530
- Taxes -€27,659
down €27,659 (-29.8%), from €92,748 to €65,089
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 | €3,382,141 | €3,747,241 | +€365,099 | +10.8% |
| Fixed assets | 21/28 | €1,358,875 | €1,489,225 | +€130,350 | +9.6% |
| Tangible fixed assets | 22/27 | €1,356,640 | €1,486,991 | +€130,350 | +9.6% |
| Land and buildings | 22 | €517,837 | €675,583 | +€157,746 | +30.5% |
| Plant, machinery and equipment | 23 | €603,410 | €571,444 | -€31,966 | -5.3% |
| Furniture and vehicles | 24 | €20,936 | €63,727 | +€42,790 | +204.4% |
| Other tangible fixed assets | 26 | €214,458 | €176,237 | -€38,221 | -17.8% |
| Financial fixed assets | 28 | €2,235 | €2,235 | = | 0.0% |
| Current assets | 29/58 | €2,023,266 | €2,258,015 | +€234,749 | +11.6% |
| Stocks and contracts in progress | 3 | €550,190 | €836,389 | +€286,199 | +52.0% |
| Stocks | 30/36 | €550,190 | €836,389 | +€286,199 | +52.0% |
| Amounts receivable within one year | 40/41 | €881,284 | €921,249 | +€39,965 | +4.5% |
| Trade receivables | 40 | €26,879 | €33,114 | +€6,236 | +23.2% |
| Other amounts receivable | 41 | €854,405 | €888,135 | +€33,730 | +3.9% |
| Cash at bank and in hand | 54/58 | €576,909 | €480,248 | -€96,661 | -16.8% |
| Deferred charges and accrued income | 490/1 | €14,884 | €20,130 | +€5,246 | +35.2% |
| Total equity and liabilities | 10/49 | €3,382,141 | €3,747,241 | +€365,099 | +10.8% |
| Equity | 10/15 | €1,262,202 | €1,367,013 | +€104,811 | +8.3% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €1,199,202 | €1,304,013 | +€104,811 | +8.7% |
| Distributable reserves | 133 | €1,199,202 | €1,304,013 | +€104,811 | +8.7% |
| Amounts payable | 17/49 | €2,119,939 | €2,380,228 | +€260,289 | +12.3% |
| Amounts payable after more than one year | 17 | €599,706 | €610,606 | +€10,900 | +1.8% |
| Financial debts | 170/4 | €599,706 | €610,606 | +€10,900 | +1.8% |
| Amounts payable within one year | 42/48 | €1,520,233 | €1,769,622 | +€249,389 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €182,286 | €192,976 | +€10,690 | +5.9% |
| Financial debts | 43 | €126,814 | €80,900 | -€45,914 | -36.2% |
| Credit institutions | 430/8 | €126,814 | €80,900 | -€45,914 | -36.2% |
| Trade debts | 44 | €1,080,416 | €1,352,445 | +€272,028 | +25.2% |
| Suppliers | 440/4 | €1,080,416 | €1,352,445 | +€272,028 | +25.2% |
| Taxes, remuneration and social security | 45 | €130,717 | €143,301 | +€12,584 | +9.6% |
| Taxes | 450/3 | €1,741 | €0 | -€1,741 | -100.0% |
| Remuneration and social security | 454/9 | €128,976 | €143,301 | +€14,325 | +11.1% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Non-recurring operating income | 76A | €6,198 | €0 | -€6,198 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,052,867 | €1,354,029 | +€301,162 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,987 | €252,678 | +€3,691 | +1.5% |
| Other operating charges | 640/8 | €8,841 | €8,669 | -€173 | -2.0% |
| Gross operating margin | 9900 | €1,867,733 | €1,874,590 | +€6,858 | +0.4% |
| Operating profit (loss) | 9901 | €557,036 | €259,214 | -€297,822 | -53.5% |
| Financial income | 75/76B | €15,462 | €14,215 | -€1,246 | -8.1% |
| Recurring financial income | 75 | €15,462 | €14,215 | -€1,246 | -8.1% |
| Financial charges | 65/66B | €236,742 | €103,530 | -€133,213 | -56.3% |
| Recurring financial charges | 65 | €236,742 | €103,530 | -€133,213 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €335,755 | €169,899 | -€165,856 | -49.4% |
| Income taxes | 67/77 | €92,748 | €65,089 | -€27,659 | -29.8% |
| Profit (loss) for the period | 9904 | €243,008 | €104,811 | -€138,197 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €243,008 | €104,811 | -€138,197 | -56.9% |
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 2 October 2026 via checked.be.