AUGUST DE CLERCQ: 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.
AUGUST DE CLERCQ
Largest movements
- Cash +€159,681
up €159,681 (+12.0%), from €1.3m to €1.5m
mainly Receivables within one year (+€140,423) and Depreciation (+€86,527)
- Receivables within one year -€140,423
down €140,423 (-25.0%), from €562,230 to €421,807
of which Trade receivables: -€173,973
- Stocks and contracts +€104,246
up €104,246 (+17.7%), from €588,280 to €692,526
- Tangible fixed assets -€55,487
down €55,487 (-11.8%), from €472,230 to €416,743
of which Furniture and vehicles: -€30,527
- Reserves +€159,809
up €159,809 (+6.2%), from €2.6m to €2.8m
of which Distributable reserves: +€159,809
- Profit (loss) carried forward -€128,036
down €128,036 (-80.1%), from €159,809 to €31,773
- Gross operating margin -€119,799
down €119,799 (-18.2%), from €659,362 to €539,563
- Write-downs +€17,025
up €17,025, from -€17,025 to €0
- Taxes -€15,783
down €15,783 (-28.1%), from €56,071 to €40,287
- Financial income -€8,756
down €8,756 (-12.2%), from €71,527 to €62,771
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 | €3,023,935 | €3,066,980 | +€43,045 | +1.4% |
| Fixed assets | 21/28 | €542,661 | €462,174 | -€80,487 | -14.8% |
| Intangible fixed assets | 21 | €69,795 | €44,795 | -€25,000 | -35.8% |
| Tangible fixed assets | 22/27 | €472,230 | €416,743 | -€55,487 | -11.8% |
| Land and buildings | 22 | €351,932 | €332,587 | -€19,345 | -5.5% |
| Plant, machinery and equipment | 23 | €33,553 | €27,939 | -€5,614 | -16.7% |
| Furniture and vehicles | 24 | €86,744 | €56,217 | -€30,527 | -35.2% |
| Financial fixed assets | 28 | €637 | €637 | = | 0.0% |
| Current assets | 29/58 | €2,481,274 | €2,604,806 | +€123,532 | +5.0% |
| Stocks and contracts in progress | 3 | €588,280 | €692,526 | +€104,246 | +17.7% |
| Stocks | 30/36 | €588,280 | €692,526 | +€104,246 | +17.7% |
| Amounts receivable within one year | 40/41 | €562,230 | €421,807 | -€140,423 | -25.0% |
| Trade receivables | 40 | €533,200 | €359,226 | -€173,973 | -32.6% |
| Other amounts receivable | 41 | €29,030 | €62,581 | +€33,551 | +116% |
| Cash at bank and in hand | 54/58 | €1,327,973 | €1,487,654 | +€159,681 | +12.0% |
| Deferred charges and accrued income | 490/1 | €2,791 | €2,819 | +€28 | +1.0% |
| Total equity and liabilities | 10/49 | €3,023,935 | €3,066,980 | +€43,045 | +1.4% |
| Equity | 10/15 | €2,891,001 | €2,922,774 | +€31,773 | +1.1% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Capital | 10 | €140,000 | €140,000 | = | 0.0% |
| Issued capital | 100 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €2,591,192 | €2,751,001 | +€159,809 | +6.2% |
| Non-distributable reserves | 130/1 | €14,000 | €14,000 | = | 0.0% |
| Legal reserve | 130 | €14,000 | €14,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,928 | €37,928 | = | 0.0% |
| Distributable reserves | 133 | €2,539,264 | €2,699,073 | +€159,809 | +6.3% |
| Profit (loss) carried forward | 14 | €159,809 | €31,773 | -€128,036 | -80.1% |
| Amounts payable | 17/49 | €132,935 | €144,206 | +€11,272 | +8.5% |
| Amounts payable within one year | 42/48 | €109,364 | €116,344 | +€6,979 | +6.4% |
| Trade debts | 44 | €26,633 | €42,265 | +€15,632 | +58.7% |
| Suppliers | 440/4 | €26,633 | €42,265 | +€15,632 | +58.7% |
| Taxes, remuneration and social security | 45 | €82,731 | €74,078 | -€8,653 | -10.5% |
| Taxes | 450/3 | €41,834 | €32,330 | -€9,504 | -22.7% |
| Remuneration and social security | 454/9 | €40,897 | €41,748 | +€852 | +2.1% |
| Accrued charges and deferred income | 492/3 | €23,570 | €27,863 | +€4,292 | +18.2% |
| Remuneration, social security and pensions | 62 | €356,128 | €357,824 | +€1,696 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,242 | €86,527 | -€2,715 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,025 | €0 | +€17,025 | |
| Other operating charges | 640/8 | €19,724 | €18,979 | -€745 | -3.8% |
| Gross operating margin | 9900 | €659,362 | €539,563 | -€119,799 | -18.2% |
| Operating profit (loss) | 9901 | €211,292 | €76,232 | -€135,060 | -63.9% |
| Financial income | 75/76B | €71,527 | €62,771 | -€8,756 | -12.2% |
| Recurring financial income | 75 | €71,527 | €62,771 | -€8,756 | -12.2% |
| Financial charges | 65/66B | €66,939 | €66,943 | +€3 | 0.0% |
| Recurring financial charges | 65 | €66,939 | €66,943 | +€3 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €215,880 | €72,061 | -€143,819 | -66.6% |
| Income taxes | 67/77 | €56,071 | €40,287 | -€15,783 | -28.1% |
| Profit (loss) for the period | 9904 | €159,809 | €31,773 | -€128,036 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €159,809 | €31,773 | -€128,036 | -80.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.