DE CLERCK: 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.
DE CLERCK
Largest movements
- Cash +€29,121
up €29,121 (+12.1%), from €239,899 to €269,020
mainly Net result for the year (+€34,620) and Depreciation (+€12,664)
- Tangible fixed assets -€12,664
down €12,664 (-32.0%), from €39,563 to €26,900
of which Plant, machinery and equipment: -€11,844
- Reserves +€16,620
up €16,620 (+3.5%), from €468,219 to €484,839
- Other debts +€6,006
up €6,006 (+81.0%), from €7,411 to €13,417
- Gross operating margin -€18,865
down €18,865 (-10.9%), from €172,959 to €154,094
- Taxes -€5,026
down €5,026 (-24.0%), from €20,939 to €15,913
- Staff costs -€2,935
down €2,935 (-3.2%), from €91,119 to €88,184
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 | €548,075 | €568,146 | +€20,071 | +3.7% |
| Fixed assets | 21/28 | €39,563 | €26,900 | -€12,664 | -32.0% |
| Tangible fixed assets | 22/27 | €39,563 | €26,900 | -€12,664 | -32.0% |
| Plant, machinery and equipment | 23 | €35,531 | €23,688 | -€11,844 | -33.3% |
| Furniture and vehicles | 24 | €4,032 | €3,212 | -€820 | -20.3% |
| Current assets | 29/58 | €508,512 | €541,246 | +€32,735 | +6.4% |
| Stocks and contracts in progress | 3 | €257,428 | €261,579 | +€4,150 | +1.6% |
| Stocks | 30/36 | €257,428 | €261,579 | +€4,150 | +1.6% |
| Amounts receivable within one year | 40/41 | €11,185 | €10,648 | -€537 | -4.8% |
| Other amounts receivable | 41 | €11,185 | €10,648 | -€537 | -4.8% |
| Cash at bank and in hand | 54/58 | €239,899 | €269,020 | +€29,121 | +12.1% |
| Total equity and liabilities | 10/49 | €548,075 | €568,146 | +€20,071 | +3.7% |
| Equity | 10/15 | €486,811 | €503,431 | +€16,620 | +3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €468,219 | €484,839 | +€16,620 | +3.5% |
| Distributable reserves | 133 | €468,219 | €484,839 | +€16,620 | +3.5% |
| Amounts payable | 17/49 | €61,264 | €64,715 | +€3,451 | +5.6% |
| Amounts payable within one year | 42/48 | €61,264 | €64,715 | +€3,451 | +5.6% |
| Trade debts | 44 | €26,475 | €22,802 | -€3,673 | -13.9% |
| Suppliers | 440/4 | €26,475 | €22,802 | -€3,673 | -13.9% |
| Taxes, remuneration and social security | 45 | €27,378 | €28,496 | +€1,118 | +4.1% |
| Taxes | 450/3 | €19,330 | €17,553 | -€1,777 | -9.2% |
| Remuneration and social security | 454/9 | €8,048 | €10,943 | +€2,896 | +36.0% |
| Other amounts payable | 47/48 | €7,411 | €13,417 | +€6,006 | +81.0% |
| Remuneration, social security and pensions | 62 | €91,119 | €88,184 | -€2,935 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,136 | €12,664 | +€528 | +4.3% |
| Other operating charges | 640/8 | €1,274 | €1,314 | +€40 | +3.2% |
| Gross operating margin | 9900 | €172,959 | €154,094 | -€18,865 | -10.9% |
| Operating profit (loss) | 9901 | €68,430 | €51,932 | -€16,498 | -24.1% |
| Financial income | 75/76B | €4,479 | €3,302 | -€1,178 | -26.3% |
| Recurring financial income | 75 | €4,479 | €3,302 | -€1,178 | -26.3% |
| Financial charges | 65/66B | €5,161 | €4,701 | -€459 | -8.9% |
| Recurring financial charges | 65 | €5,161 | €4,701 | -€459 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €67,749 | €50,533 | -€17,216 | -25.4% |
| Income taxes | 67/77 | €20,939 | €15,913 | -€5,026 | -24.0% |
| Profit (loss) for the period | 9904 | €46,810 | €34,620 | -€12,190 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,810 | €34,620 | -€12,190 | -26.0% |
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 14 October 2026 via checked.be.