Antoine DECLEVE: what changed
Antoine DECLEVE
Largest movements
- Receivables within one year +€24,883
up €24,883 (+369%), from €6,736 to €31,619
of which Trade receivables: +€20,236
- Cash -€13,033
down €13,033 (-63.6%), from €20,488 to €7,455
mainly Investment in fixed assets (net) (-€48,714) and Receivables within one year (-€24,883)
- Tangible fixed assets +€10,450
up €10,450 (+2.7%), from €389,496 to €399,946
of which Plant, machinery and equipment: +€28,811
- Deferred charges and accrued income -€7,530
down €7,530 (-23.5%), from €32,062 to €24,532
- Other debts +€23,300
new in 2026: €23,300
- Debts after one year -€15,521
down €15,521 (-5.4%), from €284,957 to €269,436
of which Financial debts: -€40,521
- Current portion of long-term debt +€12,854
up €12,854 (+36.7%), from €35,056 to €47,909
- Reserves -€6,711
down €6,711 (-7.0%), from €95,790 to €89,079
of which Distributable reserves: -€5,890
- Depreciation +€11,423
up €11,423 (+42.6%), from €26,841 to €38,264
- Gross operating margin -€8,198
down €8,198 (-9.1%), from €89,781 to €81,583
- Taxes -€7,373
down €7,373 (-43.7%), from €16,856 to €9,483
- Financial charges +€1,065
up €1,065 (+8.1%), from €13,128 to €14,193
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €450,282 | €465,052 | +€14,769 | +3.3% |
| Fixed assets | 21/28 | €390,996 | €401,446 | +€10,450 | +2.7% |
| Tangible fixed assets | 22/27 | €389,496 | €399,946 | +€10,450 | +2.7% |
| Land and buildings | 22 | €156,816 | €146,362 | -€10,454 | -6.7% |
| Plant, machinery and equipment | 23 | €188,282 | €217,094 | +€28,811 | +15.3% |
| Furniture and vehicles | 24 | €44,398 | €36,491 | -€7,907 | -17.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €59,286 | €63,605 | +€4,319 | +7.3% |
| Amounts receivable within one year | 40/41 | €6,736 | €31,619 | +€24,883 | +369% |
| Trade receivables | 40 | - | €20,236 | +€20,236 | |
| Other amounts receivable | 41 | €6,736 | €11,382 | +€4,646 | +69.0% |
| Cash at bank and in hand | 54/58 | €20,488 | €7,455 | -€13,033 | -63.6% |
| Deferred charges and accrued income | 490/1 | €32,062 | €24,532 | -€7,530 | -23.5% |
| Total equity and liabilities | 10/49 | €450,282 | €465,052 | +€14,769 | +3.3% |
| Equity | 10/15 | €108,723 | €102,833 | -€5,890 | -5.4% |
| Contributions | 10/11 | €12,500 | €13,322 | +€822 | +6.6% |
| Reserves | 13 | €95,790 | €89,079 | -€6,711 | -7.0% |
| Non-distributable reserves | 130/1 | €822 | - | -€822 | |
| Reserves not available under the articles | 1311 | €822 | - | -€822 | |
| Distributable reserves | 133 | €94,968 | €89,079 | -€5,890 | -6.2% |
| Profit (loss) carried forward | 14 | €433 | €433 | = | 0.0% |
| Amounts payable | 17/49 | €341,559 | €362,218 | +€20,659 | +6.0% |
| Amounts payable after more than one year | 17 | €284,957 | €269,436 | -€15,521 | -5.4% |
| Financial debts | 170/4 | €284,957 | €244,436 | -€40,521 | -14.2% |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €54,223 | €91,435 | +€37,212 | +68.6% |
| Current portion of amounts payable after more than one year | 42 | €35,056 | €47,909 | +€12,854 | +36.7% |
| Financial debts | 43 | €1,188 | €1,044 | -€144 | -12.1% |
| Credit institutions | 430/8 | €1,188 | €1,044 | -€144 | -12.1% |
| Trade debts | 44 | €11,123 | €14,896 | +€3,773 | +33.9% |
| Suppliers | 440/4 | €11,123 | €14,896 | +€3,773 | +33.9% |
| Taxes, remuneration and social security | 45 | €6,856 | €4,285 | -€2,571 | -37.5% |
| Taxes | 450/3 | €6,856 | €4,285 | -€2,571 | -37.5% |
| Other amounts payable | 47/48 | - | €23,300 | +€23,300 | |
| Accrued charges and deferred income | 492/3 | €2,379 | €1,348 | -€1,031 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,841 | €38,264 | +€11,423 | +42.6% |
| Other operating charges | 640/8 | €1,123 | €1,584 | +€461 | +41.0% |
| Non-recurring operating charges | 66A | - | €961 | +€961 | |
| Gross operating margin | 9900 | €89,781 | €81,583 | -€8,198 | -9.1% |
| Operating profit (loss) | 9901 | €61,817 | €40,774 | -€21,043 | -34.0% |
| Financial income | 75/76B | €148 | €313 | +€165 | +112% |
| Recurring financial income | 75 | €148 | €313 | +€165 | +112% |
| Financial charges | 65/66B | €13,128 | €14,193 | +€1,065 | +8.1% |
| Recurring financial charges | 65 | €13,128 | €14,193 | +€1,065 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €48,837 | €26,894 | -€21,943 | -44.9% |
| Income taxes | 67/77 | €16,856 | €9,483 | -€7,373 | -43.7% |
| Profit (loss) for the period | 9904 | €31,980 | €17,410 | -€14,570 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,980 | €17,410 | -€14,570 | -45.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.