BAPTIST DECLERCK: 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.
BAPTIST DECLERCK
Largest movements
- Receivables after one year -€45,000
down €45,000 (-100%), from €45,000 to €0
of which Other amounts receivable: -€45,000
- Receivables within one year -€24,851
down €24,851 (-56.5%), from €43,988 to €19,137
of which Other amounts receivable: -€23,086
- Tangible fixed assets -€10,470
down €10,470 (-32.7%), from €32,015 to €21,544
of which Leasing and similar rights: -€10,122
- Cash +€9,010
up €9,010 (+33.2%), from €27,099 to €36,108
mainly Net result for the year (+€143,677) and Other debts (+€127,112)
- Reserves -€209,655
down €209,655 (-100%), from €209,655 to €0
- Other debts +€127,112
new in 2025: €127,112
- Tax, wage and social debts +€23,552
up €23,552, from €0 to €23,552
of which Taxes: +€21,552
- Debts after one year -€10,542
down €10,542 (-48.9%), from €21,541 to €10,999
- Gross operating margin +€33,112
up €33,112 (+19.6%), from €168,803 to €201,915
- Taxes +€11,000
up €11,000 (+30.6%), from €35,932 to €46,931
- Financial income -€2,589
down €2,589 (-74.9%), from €3,456 to €867
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 | €245,449 | €176,892 | -€68,557 | -27.9% |
| Fixed assets | 21/28 | €32,015 | €22,044 | -€9,970 | -31.1% |
| Tangible fixed assets | 22/27 | €32,015 | €21,544 | -€10,470 | -32.7% |
| Plant, machinery and equipment | 23 | €93 | €0 | -€93 | -100% |
| Furniture and vehicles | 24 | €1,139 | €884 | -€255 | -22.4% |
| Leasing and similar rights | 25 | €30,783 | €20,660 | -€10,122 | -32.9% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €213,434 | €154,847 | -€58,587 | -27.4% |
| Amounts receivable after more than one year | 29 | €45,000 | €0 | -€45,000 | -100% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €45,000 | €0 | -€45,000 | -100% |
| Amounts receivable within one year | 40/41 | €43,988 | €19,137 | -€24,851 | -56.5% |
| Trade receivables | 40 | €1,765 | €0 | -€1,765 | -100% |
| Other amounts receivable | 41 | €42,223 | €19,137 | -€23,086 | -54.7% |
| Cash at bank and in hand | 54/58 | €27,099 | €36,108 | +€9,010 | +33.2% |
| Deferred charges and accrued income | 490/1 | €97,347 | €99,602 | +€2,255 | +2.3% |
| Total equity and liabilities | 10/49 | €245,449 | €176,892 | -€68,557 | -27.9% |
| Equity | 10/15 | €212,655 | €3,000 | -€209,655 | -98.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €209,655 | €0 | -€209,655 | -100% |
| Distributable reserves | 133 | €209,655 | €0 | -€209,655 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,793 | €173,892 | +€141,098 | +430% |
| Amounts payable after more than one year | 17 | €21,541 | €10,999 | -€10,542 | -48.9% |
| Financial debts | 170/4 | €21,541 | €10,999 | -€10,542 | -48.9% |
| Amounts payable within one year | 42/48 | €11,252 | €162,893 | +€151,641 | +1,348% |
| Current portion of amounts payable after more than one year | 42 | €10,104 | €10,542 | +€438 | +4.3% |
| Trade debts | 44 | €1,148 | €1,687 | +€539 | +46.9% |
| Suppliers | 440/4 | €1,148 | €1,687 | +€539 | +46.9% |
| Taxes, remuneration and social security | 45 | €0 | €23,552 | +€23,552 | |
| Taxes | 450/3 | €0 | €21,552 | +€21,552 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €127,112 | +€127,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,588 | €10,470 | -€118 | -1.1% |
| Other operating charges | 640/8 | €440 | €400 | -€41 | -9.2% |
| Gross operating margin | 9900 | €168,803 | €201,915 | +€33,112 | +19.6% |
| Operating profit (loss) | 9901 | €157,775 | €191,045 | +€33,270 | +21.1% |
| Financial income | 75/76B | €3,456 | €867 | -€2,589 | -74.9% |
| Recurring financial income | 75 | €3,456 | €867 | -€2,589 | -74.9% |
| Financial charges | 65/66B | €1,723 | €1,305 | -€418 | -24.3% |
| Recurring financial charges | 65 | €1,723 | €1,305 | -€418 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €159,508 | €190,608 | +€31,100 | +19.5% |
| Income taxes | 67/77 | €35,932 | €46,931 | +€11,000 | +30.6% |
| Profit (loss) for the period | 9904 | €123,577 | €143,677 | +€20,100 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €123,577 | €143,677 | +€20,100 | +16.3% |
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 20 October 2026 via checked.be.