DClaes: 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.
DClaes
Largest movements
- Cash -€43,781
down €43,781 (-70.8%), from €61,866 to €18,085
mainly Contributions, distributions and other (-€99,900) and Investment in fixed assets (net) (-€52,785)
- Receivables within one year -€34,376
down €34,376 (-43.1%), from €79,819 to €45,443
of which Other amounts receivable: -€42,372
- Tangible fixed assets +€27,044
up €27,044 (+84.7%), from €31,944 to €58,988
of which Plant, machinery and equipment: +€33,727
- Financial fixed assets +€3,600
new in 2025: €3,600
- Stocks and contracts +€2,100
up €2,100 (+26.6%), from €7,904 to €10,004
- Reserves -€81,850
down €81,850 (-49.2%), from €166,450 to €84,600
- Other debts +€37,185
new in 2025: €37,185
- Trade debts +€5,350
up €5,350 (+338.0%), from €1,583 to €6,933
- Current portion of long-term debt -€4,403
no longer reported in 2025 (was €4,403)
- Depreciation +€4,876
up €4,876 (+28.2%), from €17,265 to €22,141
- Taxes -€1,883
down €1,883 (-21.5%), from €8,743 to €6,859
- Gross operating margin +€1,082
up €1,082 (+2.5%), from €42,936 to €44,018
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,766 | €137,724 | -€44,042 | -24.2% |
| Fixed assets | 21/28 | €31,944 | €62,588 | +€30,644 | +95.9% |
| Tangible fixed assets | 22/27 | €31,944 | €58,988 | +€27,044 | +84.7% |
| Land and buildings | 22 | €8,065 | €8,007 | -€58 | -0.7% |
| Plant, machinery and equipment | 23 | €13,980 | €47,707 | +€33,727 | +241.3% |
| Furniture and vehicles | 24 | €5,024 | €2,891 | -€2,132 | -42.4% |
| Leasing and similar rights | 25 | €4,323 | €0 | -€4,323 | -100.0% |
| Other tangible fixed assets | 26 | €553 | €382 | -€170 | -30.8% |
| Financial fixed assets | 28 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €149,822 | €75,137 | -€74,686 | -49.8% |
| Stocks and contracts in progress | 3 | €7,904 | €10,004 | +€2,100 | +26.6% |
| Stocks | 30/36 | €7,904 | €10,004 | +€2,100 | +26.6% |
| Amounts receivable within one year | 40/41 | €79,819 | €45,443 | -€34,376 | -43.1% |
| Trade receivables | 40 | €28,606 | €36,602 | +€7,996 | +28.0% |
| Other amounts receivable | 41 | €51,214 | €8,842 | -€42,372 | -82.7% |
| Cash at bank and in hand | 54/58 | €61,866 | €18,085 | -€43,781 | -70.8% |
| Deferred charges and accrued income | 490/1 | €233 | €1,605 | +€1,372 | +589.0% |
| Total equity and liabilities | 10/49 | €181,766 | €137,724 | -€44,042 | -24.2% |
| Equity | 10/15 | €174,718 | €92,878 | -€81,839 | -46.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €166,450 | €84,600 | -€81,850 | -49.2% |
| Distributable reserves | 133 | €166,450 | €84,600 | -€81,850 | -49.2% |
| Profit (loss) carried forward | 14 | €208 | €218 | +€11 | +5.1% |
| Amounts payable | 17/49 | €7,049 | €44,846 | +€37,797 | +536.2% |
| Amounts payable within one year | 42/48 | €7,049 | €44,846 | +€37,797 | +536.2% |
| Current portion of amounts payable after more than one year | 42 | €4,403 | - | -€4,403 | |
| Trade debts | 44 | €1,583 | €6,933 | +€5,350 | +338.0% |
| Suppliers | 440/4 | €1,583 | €6,933 | +€5,350 | +338.0% |
| Taxes, remuneration and social security | 45 | €1,063 | €728 | -€335 | -31.5% |
| Taxes | 450/3 | €1,063 | €728 | -€335 | -31.5% |
| Other amounts payable | 47/48 | - | €37,185 | +€37,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,265 | €22,141 | +€4,876 | +28.2% |
| Other operating charges | 640/8 | €1,488 | €1,767 | +€279 | +18.8% |
| Gross operating margin | 9900 | €42,936 | €44,018 | +€1,082 | +2.5% |
| Operating profit (loss) | 9901 | €24,183 | €20,110 | -€4,073 | -16.8% |
| Financial income | 75/76B | €4,736 | €4,937 | +€201 | +4.2% |
| Recurring financial income | 75 | €4,736 | €4,937 | +€201 | +4.2% |
| Financial charges | 65/66B | €158 | €128 | -€30 | -19.2% |
| Recurring financial charges | 65 | €158 | €128 | -€30 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €28,762 | €24,920 | -€3,842 | -13.4% |
| Income taxes | 67/77 | €8,743 | €6,859 | -€1,883 | -21.5% |
| Profit (loss) for the period | 9904 | €20,019 | €18,061 | -€1,959 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,019 | €18,061 | -€1,959 | -9.8% |
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 9 October 2026 via checked.be.