ALAIN DECLERCQ: 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.
ALAIN DECLERCQ
Largest movements
- Current investments +€10,778
up €10,778 (+47.1%), from €22,865 to €33,643
- Tangible fixed assets -€6,613
down €6,613 (-16.3%), from €40,692 to €34,079
of which Furniture and vehicles: -€4,527
- Cash +€2,535
up €2,535 (+3.3%), from €76,966 to €79,501
mainly Depreciation (+€9,778) and Net result for the year (+€7,998)
- Deferred charges and accrued income +€2,102
new in 2025: €2,102
- Reserves +€7,998
up €7,998 (+7.0%), from €113,795 to €121,792
- Debts after one year -€3,426
down €3,426 (-32.7%), from €10,467 to €7,041
- Tax, wage and social debts +€2,785
up €2,785 (+63.3%), from €4,400 to €7,185
of which Taxes: +€2,785
- Trade debts +€2,396
up €2,396 (+999.6%), from €240 to €2,636
- Gross operating margin -€7,511
down €7,511 (-27.4%), from €27,430 to €19,919
- Depreciation +€3,492
up €3,492 (+55.5%), from €6,287 to €9,778
- Taxes -€1,713
down €1,713 (-46.0%), from €3,725 to €2,012
- Financial income +€1,199
up €1,199 (+572.1%), from €210 to €1,409
- Financial charges +€750
up €750 (+381.4%), from €197 to €946
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 | €154,635 | €163,630 | +€8,995 | +5.8% |
| Fixed assets | 21/28 | €40,692 | €34,079 | -€6,613 | -16.3% |
| Tangible fixed assets | 22/27 | €40,692 | €34,079 | -€6,613 | -16.3% |
| Land and buildings | 22 | €11,758 | €10,330 | -€1,428 | -12.1% |
| Plant, machinery and equipment | 23 | €6,981 | €6,322 | -€659 | -9.4% |
| Furniture and vehicles | 24 | €21,953 | €17,427 | -€4,527 | -20.6% |
| Current assets | 29/58 | €113,943 | €129,551 | +€15,608 | +13.7% |
| Amounts receivable within one year | 40/41 | €14,112 | €14,305 | +€194 | +1.4% |
| Trade receivables | 40 | €8,122 | €9,057 | +€935 | +11.5% |
| Other amounts receivable | 41 | €5,989 | €5,248 | -€741 | -12.4% |
| Current investments | 50/53 | €22,865 | €33,643 | +€10,778 | +47.1% |
| Cash at bank and in hand | 54/58 | €76,966 | €79,501 | +€2,535 | +3.3% |
| Deferred charges and accrued income | 490/1 | - | €2,102 | +€2,102 | |
| Total equity and liabilities | 10/49 | €154,635 | €163,630 | +€8,995 | +5.8% |
| Equity | 10/15 | €132,387 | €140,384 | +€7,998 | +6.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €113,795 | €121,792 | +€7,998 | +7.0% |
| Distributable reserves | 133 | €113,795 | €121,792 | +€7,998 | +7.0% |
| Amounts payable | 17/49 | €22,248 | €23,245 | +€997 | +4.5% |
| Amounts payable after more than one year | 17 | €10,467 | €7,041 | -€3,426 | -32.7% |
| Financial debts | 170/4 | €10,467 | €7,041 | -€3,426 | -32.7% |
| Amounts payable within one year | 42/48 | €11,781 | €16,205 | +€4,424 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €3,267 | €3,426 | +€159 | +4.9% |
| Trade debts | 44 | €240 | €2,636 | +€2,396 | +999.6% |
| Suppliers | 440/4 | €240 | €2,636 | +€2,396 | +999.6% |
| Taxes, remuneration and social security | 45 | €4,400 | €7,185 | +€2,785 | +63.3% |
| Taxes | 450/3 | €2,400 | €5,185 | +€2,785 | +116.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €3,874 | €2,957 | -€917 | -23.7% |
| Non-recurring operating income | 76A | €6,918 | €2,086 | -€4,832 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,287 | €9,778 | +€3,492 | +55.5% |
| Other operating charges | 640/8 | €869 | €593 | -€276 | -31.7% |
| Non-recurring operating charges | 66A | €256 | - | -€256 | |
| Gross operating margin | 9900 | €27,430 | €19,919 | -€7,511 | -27.4% |
| Operating profit (loss) | 9901 | €20,018 | €9,548 | -€10,471 | -52.3% |
| Financial income | 75/76B | €210 | €1,409 | +€1,199 | +572.1% |
| Recurring financial income | 75 | €210 | €1,409 | +€1,199 | +572.1% |
| Financial charges | 65/66B | €197 | €946 | +€750 | +381.4% |
| Recurring financial charges | 65 | €197 | €946 | +€750 | +381.4% |
| Profit (loss) for the period before taxes | 9903 | €20,031 | €10,010 | -€10,022 | -50.0% |
| Income taxes | 67/77 | €3,725 | €2,012 | -€1,713 | -46.0% |
| Profit (loss) for the period | 9904 | €16,306 | €7,998 | -€8,308 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,306 | €7,998 | -€8,308 | -51.0% |
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 8 October 2026 via checked.be.