BIRGIT DE CLERCK: 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.
BIRGIT DE CLERCK
Largest movements
- Receivables within one year +€35,727
up €35,727 (+274%), from €13,015 to €48,743
- Cash -€25,771
down €25,771 (-27.8%), from €92,628 to €66,857
mainly Receivables within one year (-€35,727) and Trade debts (-€11,098)
- Tangible fixed assets -€1,445
down €1,445 (-44.9%), from €3,219 to €1,774
- Trade debts -€11,098
down €11,098 (-71.7%), from €15,468 to €4,371
- Accrued charges and deferred income +€7,500
up €7,500, from €0 to €7,500
- Tax, wage and social debts +€6,602
up €6,602 (+78.3%), from €8,427 to €15,029
of which Taxes: +€5,602
- Reserves +€6,192
up €6,192 (+9.9%), from €62,283 to €68,475
of which Distributable reserves: +€6,192
- Gross operating margin +€1,893
up €1,893 (+20.9%), from €9,040 to €10,933
- Taxes +€1,020
up €1,020 (+56.9%), from €1,793 to €2,813
- Depreciation +€459
up €459 (+46.5%), from €987 to €1,445
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 | €108,863 | €117,373 | +€8,511 | +7.8% |
| Fixed assets | 21/28 | €3,219 | €1,774 | -€1,445 | -44.9% |
| Tangible fixed assets | 22/27 | €3,219 | €1,774 | -€1,445 | -44.9% |
| Furniture and vehicles | 24 | €3,219 | €1,774 | -€1,445 | -44.9% |
| Current assets | 29/58 | €105,644 | €115,600 | +€9,956 | +9.4% |
| Amounts receivable within one year | 40/41 | €13,015 | €48,743 | +€35,727 | +274% |
| Trade receivables | 40 | €13,015 | €48,743 | +€35,727 | +274% |
| Cash at bank and in hand | 54/58 | €92,628 | €66,857 | -€25,771 | -27.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €108,863 | €117,373 | +€8,511 | +7.8% |
| Equity | 10/15 | €80,833 | €87,025 | +€6,192 | +7.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €62,283 | €68,475 | +€6,192 | +9.9% |
| Non-distributable reserves | 130/1 | €462 | €462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €462 | €462 | = | 0.0% |
| Distributable reserves | 133 | €61,821 | €68,013 | +€6,192 | +10.0% |
| Amounts payable | 17/49 | €28,029 | €30,348 | +€2,319 | +8.3% |
| Amounts payable within one year | 42/48 | €28,029 | €22,848 | -€5,181 | -18.5% |
| Trade debts | 44 | €15,468 | €4,371 | -€11,098 | -71.7% |
| Suppliers | 440/4 | €15,468 | €4,371 | -€11,098 | -71.7% |
| Taxes, remuneration and social security | 45 | €8,427 | €15,029 | +€6,602 | +78.3% |
| Taxes | 450/3 | €6,427 | €12,029 | +€5,602 | +87.2% |
| Remuneration and social security | 454/9 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Other amounts payable | 47/48 | €4,134 | €3,449 | -€685 | -16.6% |
| Accrued charges and deferred income | 492/3 | €0 | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €987 | €1,445 | +€459 | +46.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €9,040 | €10,933 | +€1,893 | +20.9% |
| Operating profit (loss) | 9901 | €7,666 | €9,088 | +€1,423 | +18.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +469% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +469% |
| Financial charges | 65/66B | €89 | €85 | -€3 | -3.5% |
| Recurring financial charges | 65 | €89 | €85 | -€3 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €7,578 | €9,005 | +€1,427 | +18.8% |
| Income taxes | 67/77 | €1,793 | €2,813 | +€1,020 | +56.9% |
| Profit (loss) for the period | 9904 | €5,785 | €6,192 | +€407 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,785 | €6,192 | +€407 | +7.0% |
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 16 October 2026 via checked.be.