DE CLEIR: 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 CLEIR
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€320
2024 · €124,147-€123,827
Equity
€315,939
2024 · €315,619+€320
Cash
€101,645
2024 · €187,140-€85,495
Balance sheet total
€688,201
2024 · €881,380-€193,179
Largest movements
Assets
- Receivables within one year -€217,519
down €217,519 (-67.5%), from €322,024 to €104,505
of which Trade receivables: -€183,432
- Deferred charges and accrued income +€106,912
up €106,912 (+4,064%), from €2,630 to €109,543
- Cash -€85,495
down €85,495 (-45.7%), from €187,140 to €101,645
mainly Trade debts (-€174,328) and Deferred charges and accrued income (-€106,912)
Equity and liabilities
- Trade debts -€174,328
down €174,328 (-83.4%), from €208,981 to €34,653
- Debts after one year -€40,740
down €40,740 (-13.8%), from €294,292 to €253,552
- Other debts +€26,917
new in 2025: €26,917
Income statement
- Gross operating margin -€190,478
down €190,478 (-49.8%), from €382,479 to €192,000
- Staff costs -€87,969
down €87,969 (-39.6%), from €221,944 to €133,975
- Depreciation +€11,741
up €11,741 (+43.2%), from €27,163 to €38,904
- Financial charges +€7,901
up €7,901 (+90.2%), from €8,759 to €16,660
- Financial income -€5,340
down €5,340 (-84.0%), from €6,356 to €1,016
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
€124,147
Gross operating margin
-€190,478
Staff costs
+€87,969
Depreciation
-€11,741
Other operating charges
+€4,166
Other operating items
-€404
Financial income
-€5,340
Financial charges
-€7,901
Taxes
-€550
Deferred taxes and other
+€451
Result 2025
€320
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2,195
Investment
-€41,827
Financing
-€41,473
Cash 2024
€187,140
From operations (derived)
-€2,195
Net result for the year
+€320
Depreciation
+€38,904
Receivables within one year
+€217,519
Deferred charges and accrued income
-€106,912
Provisions
-€1,129
Trade debts
-€174,328
Tax, wage and social debts
-€3,898
Other debts
+€26,917
Accrued charges and deferred income
+€411
Investment (derived)
-€41,827
Investment in fixed assets (net)
-€41,827
Financing
-€41,473
Debts after one year
-€40,740
Current portion of long-term debt
-€733
Cash 2025
€101,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €881,380 | €688,201 | -€193,179 | -21.9% |
| Fixed assets | 21/28 | €369,585 | €372,508 | +€2,923 | +0.8% |
| Tangible fixed assets | 22/27 | €368,357 | €371,280 | +€2,923 | +0.8% |
| Land and buildings | 22 | €269,405 | €297,043 | +€27,638 | +10.3% |
| Plant, machinery and equipment | 23 | €2,749 | €4,252 | +€1,503 | +54.7% |
| Furniture and vehicles | 24 | €75,798 | €61,240 | -€14,558 | -19.2% |
| Leasing and similar rights | 25 | €20,405 | €8,745 | -€11,660 | -57.1% |
| Financial fixed assets | 28 | €1,228 | €1,228 | = | 0.0% |
| Current assets | 29/58 | €511,794 | €315,693 | -€196,102 | -38.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €322,024 | €104,505 | -€217,519 | -67.5% |
| Trade receivables | 40 | €211,482 | €28,051 | -€183,432 | -86.7% |
| Other amounts receivable | 41 | €110,542 | €76,454 | -€34,088 | -30.8% |
| Cash at bank and in hand | 54/58 | €187,140 | €101,645 | -€85,495 | -45.7% |
| Deferred charges and accrued income | 490/1 | €2,630 | €109,543 | +€106,912 | +4,064% |
| Total equity and liabilities | 10/49 | €881,380 | €688,201 | -€193,179 | -21.9% |
| Equity | 10/15 | €315,619 | €315,939 | +€320 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,420 | €133,646 | +€226 | +0.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,571 | €83,057 | -€4,514 | -5.2% |
| Distributable reserves | 133 | €43,989 | €48,729 | +€4,740 | +10.8% |
| Profit (loss) carried forward | 14 | €163,599 | €163,693 | +€94 | +0.1% |
| Provisions and deferred taxes | 16 | €21,893 | €20,764 | -€1,129 | -5.2% |
| Deferred taxes | 168 | €21,893 | €20,764 | -€1,129 | -5.2% |
| Amounts payable | 17/49 | €543,868 | €351,498 | -€192,371 | -35.4% |
| Amounts payable after more than one year | 17 | €294,292 | €253,552 | -€40,740 | -13.8% |
| Financial debts | 170/4 | €294,292 | €253,552 | -€40,740 | -13.8% |
| Amounts payable within one year | 42/48 | €249,576 | €97,535 | -€152,042 | -60.9% |
| Current portion of amounts payable after more than one year | 42 | €31,241 | €30,508 | -€733 | -2.3% |
| Trade debts | 44 | €208,981 | €34,653 | -€174,328 | -83.4% |
| Suppliers | 440/4 | €208,981 | €34,653 | -€174,328 | -83.4% |
| Taxes, remuneration and social security | 45 | €9,354 | €5,456 | -€3,898 | -41.7% |
| Taxes | 450/3 | €3,915 | €2,564 | -€1,351 | -34.5% |
| Remuneration and social security | 454/9 | €5,439 | €2,892 | -€2,546 | -46.8% |
| Other amounts payable | 47/48 | - | €26,917 | +€26,917 | |
| Accrued charges and deferred income | 492/3 | - | €411 | +€411 | |
| Non-recurring operating income | 76A | €114,296 | €48,399 | -€65,897 | -57.7% |
| Remuneration, social security and pensions | 62 | €221,944 | €133,975 | -€87,969 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,163 | €38,904 | +€11,741 | +43.2% |
| Other operating charges | 640/8 | €6,099 | €1,933 | -€4,166 | -68.3% |
| Non-recurring operating charges | 66A | - | €404 | +€404 | |
| Gross operating margin | 9900 | €382,479 | €192,000 | -€190,478 | -49.8% |
| Operating profit (loss) | 9901 | €127,273 | €16,786 | -€110,487 | -86.8% |
| Financial income | 75/76B | €6,356 | €1,016 | -€5,340 | -84.0% |
| Recurring financial income | 75 | €6,356 | €1,016 | -€5,340 | -84.0% |
| Financial charges | 65/66B | €8,759 | €16,660 | +€7,901 | +90.2% |
| Recurring financial charges | 65 | €8,759 | €16,660 | +€7,901 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | €124,870 | €1,142 | -€123,728 | -99.1% |
| Transfer from deferred taxes | 780 | €677 | €1,129 | +€451 | +66.6% |
| Income taxes | 67/77 | €1,400 | €1,950 | +€550 | +39.3% |
| Profit (loss) for the period | 9904 | €124,147 | €320 | -€123,827 | -99.7% |
| Transfer from tax-exempt reserves | 789 | €2,709 | €4,514 | +€1,805 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €126,857 | €4,834 | -€122,022 | -96.2% |
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 15 October 2026 via checked.be.