CLAEYS - 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.
What changed
CLAEYS - DECLERCQ
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,504
2024 · -€31,890+€29,386
Equity
€776,915
2024 · €779,419-€2,504
Cash
€7,782
2024 · €17,779-€9,997
Balance sheet total
€989,054
2024 · €1.1m-€61,909
Largest movements
Assets
- Tangible fixed assets -€49,193
down €49,193 (-4.8%), from €1.0m to €978,795
Equity and liabilities
- Short-term financial debts -€55,000
down €55,000 (-84.6%), from €65,000 to €10,000
Income statement
- Gross operating margin +€25,246
up €25,246 (+104.3%), from €24,196 to €49,442
- Financial charges -€10,579
down €10,579 (-81.8%), from €12,935 to €2,357
- Taxes +€2,044
up €2,044, from €0 to €2,044
- Financial income -€1,838
down €1,838 (-100.0%), from €1,838 to €0
- Depreciation +€1,387
up €1,387 (+2.8%), from €49,448 to €50,836
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.
Result 2024
-€31,890
Gross operating margin
+€25,246
Depreciation
-€1,387
Other operating charges
-€1,170
Financial income
-€1,838
Financial charges
+€10,579
Taxes
-€2,044
Result 2025
-€2,504
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.
From operations
+€46,646
Investment
-€1,643
Financing
-€55,000
Cash 2024
€17,779
From operations (derived)
+€46,646
Net result for the year
-€2,504
Depreciation
+€50,836
Receivables within one year
+€2,719
Provisions
-€7,640
Trade debts
-€126
Tax, wage and social debts
+€2,044
Other debts
-€821
Accrued charges and deferred income
+€2,139
Investment (derived)
-€1,643
Investment in fixed assets (net)
-€1,643
Financing
-€55,000
Short-term financial debts
-€55,000
Cash 2025
€7,782
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,050,962 | €989,054 | -€61,909 | -5.9% |
| Fixed assets | 21/28 | €1,027,988 | €978,795 | -€49,193 | -4.8% |
| Tangible fixed assets | 22/27 | €1,027,988 | €978,795 | -€49,193 | -4.8% |
| Land and buildings | 22 | €1,027,988 | €978,795 | -€49,193 | -4.8% |
| Current assets | 29/58 | €22,975 | €10,258 | -€12,716 | -55.3% |
| Amounts receivable within one year | 40/41 | €5,196 | €2,477 | -€2,719 | -52.3% |
| Trade receivables | 40 | €1,926 | €1,926 | = | 0.0% |
| Other amounts receivable | 41 | €3,270 | €550 | -€2,719 | -83.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €17,779 | €7,782 | -€9,997 | -56.2% |
| Total equity and liabilities | 10/49 | €1,050,962 | €989,054 | -€61,909 | -5.9% |
| Equity | 10/15 | €779,419 | €776,915 | -€2,504 | -0.3% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €680,262 | €677,758 | -€2,504 | -0.4% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €408,904 | €385,983 | -€22,921 | -5.6% |
| Distributable reserves | 133 | €261,442 | €281,858 | +€20,417 | +7.8% |
| Provisions and deferred taxes | 16 | €136,301 | €128,661 | -€7,640 | -5.6% |
| Deferred taxes | 168 | €136,301 | €128,661 | -€7,640 | -5.6% |
| Amounts payable | 17/49 | €135,242 | €83,477 | -€51,764 | -38.3% |
| Amounts payable within one year | 42/48 | €122,523 | €68,619 | -€53,903 | -44.0% |
| Financial debts | 43 | €65,000 | €10,000 | -€55,000 | -84.6% |
| Other loans | 439 | €65,000 | €10,000 | -€55,000 | -84.6% |
| Trade debts | 44 | €3,297 | €3,171 | -€126 | -3.8% |
| Suppliers | 440/4 | €3,297 | €3,171 | -€126 | -3.8% |
| Taxes, remuneration and social security | 45 | €1,343 | €3,387 | +€2,044 | +152.2% |
| Taxes | 450/3 | €1,343 | €3,387 | +€2,044 | +152.2% |
| Other amounts payable | 47/48 | €52,882 | €52,061 | -€821 | -1.6% |
| Accrued charges and deferred income | 492/3 | €12,719 | €14,858 | +€2,139 | +16.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,448 | €50,836 | +€1,387 | +2.8% |
| Other operating charges | 640/8 | €3,180 | €4,349 | +€1,170 | +36.8% |
| Gross operating margin | 9900 | €24,196 | €49,442 | +€25,246 | +104.3% |
| Operating profit (loss) | 9901 | -€28,432 | -€5,744 | +€22,689 | +79.8% |
| Financial income | 75/76B | €1,838 | €0 | -€1,838 | -100.0% |
| Recurring financial income | 75 | €1,838 | €0 | -€1,838 | -100.0% |
| Financial charges | 65/66B | €12,935 | €2,357 | -€10,579 | -81.8% |
| Recurring financial charges | 65 | €12,935 | €2,357 | -€10,579 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | -€39,530 | -€8,100 | +€31,430 | +79.5% |
| Transfer from deferred taxes | 780 | €7,640 | €7,640 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €0 | €2,044 | +€2,044 | |
| Profit (loss) for the period | 9904 | -€31,890 | -€2,504 | +€29,386 | +92.1% |
| Transfer from tax-exempt reserves | 789 | €22,921 | €22,921 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,969 | €20,417 | +€29,386 |
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 4 October 2026 via checked.be.