Architect Eli 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.
Architect Eli Declercq
Largest movements
- Tangible fixed assets -€22,643
down €22,643 (-22.4%), from €101,007 to €78,364
of which Furniture and vehicles: -€13,536
- Cash +€10,032
up €10,032 (+60.7%), from €16,526 to €26,559
mainly Depreciation (+€22,643) and Net result for the year (+€6,864)
- Current portion of long-term debt -€10,044
down €10,044 (-61.7%), from €16,277 to €6,233
- Profit (loss) carried forward +€6,864
up €6,864 (+27.9%), from -€24,580 to -€17,716
- Debts after one year -€6,233
down €6,233 (-6.1%), from €102,388 to €96,154
- Tax, wage and social debts -€2,500
no longer reported in 2025 (was €2,500)
- Gross operating margin +€27,498
up €27,498 (+661.3%), from €4,158 to €31,656
- Financial income -€881
down €881 (-78.4%), from €1,123 to €242
- Financial charges +€674
up €674 (+43.3%), from €1,557 to €2,232
- Depreciation -€649
down €649 (-2.8%), from €23,292 to €22,643
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 | €198,100 | €185,313 | -€12,788 | -6.5% |
| Fixed assets | 21/28 | €101,757 | €79,114 | -€22,643 | -22.3% |
| Tangible fixed assets | 22/27 | €101,007 | €78,364 | -€22,643 | -22.4% |
| Land and buildings | 22 | €74,069 | €67,856 | -€6,213 | -8.4% |
| Plant, machinery and equipment | 23 | €10,449 | €7,555 | -€2,894 | -27.7% |
| Furniture and vehicles | 24 | €16,489 | €2,953 | -€13,536 | -82.1% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €96,343 | €106,199 | +€9,856 | +10.2% |
| Amounts receivable within one year | 40/41 | €76,819 | €76,830 | +€11 | 0.0% |
| Trade receivables | 40 | €73,110 | €73,251 | +€141 | +0.2% |
| Other amounts receivable | 41 | €3,709 | €3,579 | -€130 | -3.5% |
| Cash at bank and in hand | 54/58 | €16,526 | €26,559 | +€10,032 | +60.7% |
| Deferred charges and accrued income | 490/1 | €2,998 | €2,810 | -€188 | -6.3% |
| Total equity and liabilities | 10/49 | €198,100 | €185,313 | -€12,788 | -6.5% |
| Equity | 10/15 | €61,147 | €68,011 | +€6,864 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,127 | €67,127 | = | 0.0% |
| Distributable reserves | 133 | €67,127 | €67,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,580 | -€17,716 | +€6,864 | +27.9% |
| Amounts payable | 17/49 | €136,953 | €117,302 | -€19,651 | -14.3% |
| Amounts payable after more than one year | 17 | €102,388 | €96,154 | -€6,233 | -6.1% |
| Financial debts | 170/4 | €102,388 | €96,154 | -€6,233 | -6.1% |
| Amounts payable within one year | 42/48 | €34,539 | €21,147 | -€13,391 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €16,277 | €6,233 | -€10,044 | -61.7% |
| Trade debts | 44 | €1,053 | €632 | -€421 | -40.0% |
| Suppliers | 440/4 | €1,053 | €632 | -€421 | -40.0% |
| Taxes, remuneration and social security | 45 | €2,500 | - | -€2,500 | |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €14,709 | €14,282 | -€427 | -2.9% |
| Accrued charges and deferred income | 492/3 | €27 | - | -€27 | |
| Non-recurring operating income | 76A | €1,134 | - | -€1,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,292 | €22,643 | -€649 | -2.8% |
| Other operating charges | 640/8 | €123 | €19 | -€104 | -84.6% |
| Gross operating margin | 9900 | €4,158 | €31,656 | +€27,498 | +661.3% |
| Operating profit (loss) | 9901 | -€19,257 | €8,994 | +€28,251 | |
| Financial income | 75/76B | €1,123 | €242 | -€881 | -78.4% |
| Recurring financial income | 75 | €1,123 | €242 | -€881 | -78.4% |
| Financial charges | 65/66B | €1,557 | €2,232 | +€674 | +43.3% |
| Recurring financial charges | 65 | €1,557 | €2,232 | +€674 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,691 | €7,005 | +€26,696 | |
| Income taxes | 67/77 | €152 | €141 | -€11 | -7.4% |
| Profit (loss) for the period | 9904 | -€19,843 | €6,864 | +€26,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,843 | €6,864 | +€26,707 |
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 6 October 2026 via checked.be.