BISCUITERIE DECLERCQ: 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.
BISCUITERIE DECLERCQ
Largest movements
- Financial fixed assets +€12.9m
new in 2025: €12.9m
- Receivables within one year -€945,243
down €945,243 (-30.0%), from €3.2m to €2.2m
of which Other amounts receivable: -€605,815
- Stocks and contracts -€589,722
down €589,722 (-16.8%), from €3.5m to €2.9m
- Cash -€487,092
down €487,092 (-43.0%), from €1.1m to €645,189
mainly Investment in fixed assets (net) (-€14.3m) and Trade debts (-€840,604)
- Debts after one year +€8.4m
up €8.4m (+211%), from €4.0m to €12.4m
- Reserves +€2.5m
up €2.5m (+37.3%), from €6.7m to €9.2m
of which Distributable reserves: +€2.5m
- Current portion of long-term debt +€1.4m
up €1.4m (+179%), from €782,686 to €2.2m
- Trade debts -€840,604
down €840,604 (-51.8%), from €1.6m to €781,605
- Short-term financial debts -€500,000
down €500,000 (-100%), from €500,000 to €0
- Gross operating margin +€1.1m
up €1.1m (+16.1%), from €6.9m to €8.0m
- Staff costs +€299,918
up €299,918 (+11.5%), from €2.6m to €2.9m
- Depreciation +€253,543
up €253,543 (+22.2%), from €1.1m to €1.4m
- Taxes +€163,288
up €163,288 (+23.4%), from €697,797 to €861,086
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 | €15,001,626 | €25,874,127 | +€10.9m | +72.5% |
| Fixed assets | 21/28 | €7,194,976 | €20,095,152 | +€12.9m | +179% |
| Intangible fixed assets | 21 | €144,311 | €343,883 | +€199,572 | +138% |
| Tangible fixed assets | 22/27 | €7,050,664 | €6,876,269 | -€174,396 | -2.5% |
| Land and buildings | 22 | €828,535 | €924,582 | +€96,047 | +11.6% |
| Plant, machinery and equipment | 23 | €2,499,515 | €2,623,021 | +€123,506 | +4.9% |
| Furniture and vehicles | 24 | €283,823 | €222,706 | -€61,117 | -21.5% |
| Leasing and similar rights | 25 | €3,347,830 | €3,023,581 | -€324,250 | -9.7% |
| Other tangible fixed assets | 26 | €90,961 | €82,379 | -€8,582 | -9.4% |
| Financial fixed assets | 28 | - | €12,875,000 | +€12.9m | |
| Current assets | 29/58 | €7,806,650 | €5,778,975 | -€2.0m | -26.0% |
| Stocks and contracts in progress | 3 | €3,505,454 | €2,915,732 | -€589,722 | -16.8% |
| Stocks | 30/36 | €3,505,454 | €2,915,732 | -€589,722 | -16.8% |
| Amounts receivable within one year | 40/41 | €3,154,688 | €2,209,445 | -€945,243 | -30.0% |
| Trade receivables | 40 | €1,639,238 | €1,299,810 | -€339,428 | -20.7% |
| Other amounts receivable | 41 | €1,515,450 | €909,635 | -€605,815 | -40.0% |
| Cash at bank and in hand | 54/58 | €1,132,281 | €645,189 | -€487,092 | -43.0% |
| Deferred charges and accrued income | 490/1 | €14,227 | €8,609 | -€5,618 | -39.5% |
| Total equity and liabilities | 10/49 | €15,001,626 | €25,874,127 | +€10.9m | +72.5% |
| Equity | 10/15 | €7,060,857 | €9,573,041 | +€2.5m | +35.6% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Capital | 10 | €330,000 | €330,000 | = | 0.0% |
| Issued capital | 100 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €6,730,857 | €9,243,041 | +€2.5m | +37.3% |
| Non-distributable reserves | 130/1 | €33,000 | €33,000 | = | 0.0% |
| Legal reserve | 130 | €33,000 | €33,000 | = | 0.0% |
| Distributable reserves | 133 | €6,697,857 | €9,210,041 | +€2.5m | +37.5% |
| Amounts payable | 17/49 | €7,940,769 | €16,301,086 | +€8.4m | +105% |
| Amounts payable after more than one year | 17 | €3,980,404 | €12,360,519 | +€8.4m | +211% |
| Financial debts | 170/4 | €3,980,404 | €12,360,519 | +€8.4m | +211% |
| Amounts payable within one year | 42/48 | €3,959,463 | €3,940,568 | -€18,896 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €782,686 | €2,180,266 | +€1.4m | +179% |
| Financial debts | 43 | €500,000 | €0 | -€500,000 | -100% |
| Credit institutions | 430/8 | €500,000 | €0 | -€500,000 | -100% |
| Trade debts | 44 | €1,622,209 | €781,605 | -€840,604 | -51.8% |
| Suppliers | 440/4 | €1,622,209 | €781,605 | -€840,604 | -51.8% |
| Taxes, remuneration and social security | 45 | €403,416 | €327,687 | -€75,729 | -18.8% |
| Taxes | 450/3 | €172,797 | €0 | -€172,797 | -100% |
| Remuneration and social security | 454/9 | €230,618 | €327,687 | +€97,069 | +42.1% |
| Other amounts payable | 47/48 | €651,152 | €651,010 | -€142 | 0.0% |
| Accrued charges and deferred income | 492/3 | €902 | €0 | -€902 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,611,666 | €2,911,584 | +€299,918 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,144,309 | €1,397,852 | +€253,543 | +22.2% |
| Other operating charges | 640/8 | €55,684 | €47,178 | -€8,506 | -15.3% |
| Non-recurring operating charges | 66A | €11,876 | €0 | -€11,876 | -100% |
| Gross operating margin | 9900 | €6,870,826 | €7,974,531 | +€1.1m | +16.1% |
| Operating profit (loss) | 9901 | €3,047,292 | €3,617,917 | +€570,625 | +18.7% |
| Financial income | 75/76B | €32,808 | €31,215 | -€1,593 | -4.9% |
| Recurring financial income | 75 | €32,808 | €31,215 | -€1,593 | -4.9% |
| Financial charges | 65/66B | €247,104 | €275,862 | +€28,759 | +11.6% |
| Recurring financial charges | 65 | €247,104 | €275,862 | +€28,759 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €2,832,996 | €3,373,270 | +€540,273 | +19.1% |
| Income taxes | 67/77 | €697,797 | €861,086 | +€163,288 | +23.4% |
| Profit (loss) for the period | 9904 | €2,135,199 | €2,512,184 | +€376,985 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,135,199 | €2,512,184 | +€376,985 | +17.7% |
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 15 October 2026 via checked.be.