De Claere: 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.
What changed
De Claere
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€230,107
2024 · €436,059-€205,952
Equity
€1.6m
2024 · €1.4m+€230,107
Cash
€63,480
2024 · €85,605-€22,125
Balance sheet total
€4.1m
2024 · €4.3m-€167,248
Largest movements
Assets
- Receivables within one year -€128,648
down €128,648 (-16.6%), from €775,706 to €647,058
of which Other amounts receivable: -€128,648
Equity and liabilities
- Trade debts -€326,398
down €326,398 (-91.0%), from €358,494 to €32,096
- Reserves +€200,000
up €200,000 (+873.4%), from €22,900 to €222,900
- Debts after one year -€163,873
down €163,873 (-13.3%), from €1.2m to €1.1m
- Other debts +€116,641
up €116,641 (+11.3%), from €1.0m to €1.2m
Income statement
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Gross operating margin +€813,390
new in 2025: €813,390
- Services and other goods -€219,254
no longer reported in 2025 (was €219,254)
- Depreciation +€90,589
up €90,589 (+28.5%), from €317,313 to €407,902
- Taxes -€33,488
down €33,488 (-22.9%), from €146,492 to €113,005
of which Taxes: -€146,500
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
€436,059
Turnover
-€1.1m
Other operating income
-€1,080
Services and other goods
+€219,254
Depreciation
-€90,589
Other operating charges
+€13,888
Other operating items
+€738,020
Financial income
-€15,684
Financial charges
-€11,969
Taxes
+€33,488
Result 2025
€230,107
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
+€521,304
Investment
-€382,357
Financing
-€161,072
Cash 2024
€85,605
From operations (derived)
+€521,304
Net result for the year
+€230,107
Depreciation
+€407,902
Receivables after one year
-€9,030
Receivables within one year
+€128,648
Deferred charges and accrued income
-€39
Trade debts
-€326,398
Tax, wage and social debts
-€26,526
Other debts
+€116,641
Investment (derived)
-€382,357
Investment in fixed assets (net)
-€382,357
Financing
-€161,072
Debts after one year
-€163,873
Current portion of long-term debt
+€2,801
Cash 2025
€63,480
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,281,126 | €4,113,878 | -€167,248 | -3.9% |
| Fixed assets | 21/28 | €3,042,588 | €3,017,043 | -€25,545 | -0.8% |
| Tangible fixed assets | 22/27 | €3,042,588 | €3,017,043 | -€25,545 | -0.8% |
| Land and buildings | 22 | €2,751,727 | €2,800,612 | +€48,884 | +1.8% |
| Furniture and vehicles | 24 | €3,603 | €0 | -€3,603 | -100.0% |
| Leasing and similar rights | 25 | €287,258 | €216,432 | -€70,827 | -24.7% |
| Current assets | 29/58 | €1,238,538 | €1,096,835 | -€141,704 | -11.4% |
| Amounts receivable after more than one year | 29 | €372,575 | €381,605 | +€9,030 | +2.4% |
| Other amounts receivable | 291 | €372,575 | €381,605 | +€9,030 | +2.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €775,706 | €647,058 | -€128,648 | -16.6% |
| Trade receivables | 40 | €631,992 | €631,992 | = | 0.0% |
| Other amounts receivable | 41 | €143,713 | €15,065 | -€128,648 | -89.5% |
| Cash at bank and in hand | 54/58 | €85,605 | €63,480 | -€22,125 | -25.8% |
| Deferred charges and accrued income | 490/1 | €4,652 | €4,692 | +€39 | +0.8% |
| Total equity and liabilities | 10/49 | €4,281,126 | €4,113,878 | -€167,248 | -3.9% |
| Equity | 10/15 | €1,390,458 | €1,620,565 | +€230,107 | +16.5% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €22,900 | €222,900 | +€200,000 | +873.4% |
| Distributable reserves | 133 | €22,900 | €222,900 | +€200,000 | +873.4% |
| Profit (loss) carried forward | 14 | €567,558 | €597,665 | +€30,107 | +5.3% |
| Amounts payable | 17/49 | €2,890,668 | €2,493,313 | -€397,355 | -13.7% |
| Amounts payable after more than one year | 17 | €1,231,932 | €1,068,059 | -€163,873 | -13.3% |
| Financial debts | 170/4 | €1,231,932 | €1,068,059 | -€163,873 | -13.3% |
| Leasing and similar obligations | 172 | €208,182 | - | -€208,182 | |
| Credit institutions | 173 | €1,023,750 | - | -€1.0m | |
| Amounts payable within one year | 42/48 | €1,658,736 | €1,425,254 | -€233,482 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €161,072 | €163,873 | +€2,801 | +1.7% |
| Trade debts | 44 | €358,494 | €32,096 | -€326,398 | -91.0% |
| Suppliers | 440/4 | €358,494 | €32,096 | -€326,398 | -91.0% |
| Taxes, remuneration and social security | 45 | €102,846 | €76,320 | -€26,526 | -25.8% |
| Taxes | 450/3 | €102,846 | €76,320 | -€26,526 | -25.8% |
| Other amounts payable | 47/48 | €1,036,323 | €1,152,964 | +€116,641 | +11.3% |
| Operating income | 70/76A | €1,167,730 | - | -€1.2m | |
| Turnover | 70 | €1,091,280 | - | -€1.1m | |
| Other operating income | 74 | €1,080 | - | -€1,080 | |
| Non-recurring operating income | 76A | €75,370 | €17 | -€75,353 | -100.0% |
| Operating charges | 60/66A | €568,005 | - | -€568,005 | |
| Services and other goods | 61 | €219,254 | - | -€219,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317,313 | €407,902 | +€90,589 | +28.5% |
| Other operating charges | 640/8 | €31,439 | €17,551 | -€13,888 | -44.2% |
| Gross operating margin | 9900 | - | €813,390 | +€813,390 | |
| Operating profit (loss) | 9901 | €599,725 | €387,937 | -€211,788 | -35.3% |
| Financial income | 75/76B | €28,066 | €12,382 | -€15,684 | -55.9% |
| Recurring financial income | 75 | €28,066 | €12,382 | -€15,684 | -55.9% |
| Income from current assets | 751 | €28,066 | - | -€28,066 | |
| Financial charges | 65/66B | €45,239 | €57,207 | +€11,969 | +26.5% |
| Recurring financial charges | 65 | €45,239 | €57,207 | +€11,969 | +26.5% |
| Debt charges | 650 | €44,874 | - | -€44,874 | |
| Other financial charges | 652/9 | €365 | - | -€365 | |
| Profit (loss) for the period before taxes | 9903 | €582,552 | €343,112 | -€239,440 | -41.1% |
| Income taxes | 67/77 | €146,492 | €113,005 | -€33,488 | -22.9% |
| Taxes | 670/3 | €146,500 | - | -€146,500 | |
| Tax adjustments and reversals of tax provisions | 77 | €8 | - | -€8 | |
| Profit (loss) for the period | 9904 | €436,059 | €230,107 | -€205,952 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €436,059 | €230,107 | -€205,952 | -47.2% |
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 10 October 2026 via checked.be.