De Clerck - Ledeganck: what changed
De Clerck - Ledeganck
Largest movements
- Cash +€55,174
up €55,174 (+9.8%), from €562,507 to €617,681
mainly Net result for the year (+€35,788) and Other debts (+€30,363)
- Tangible fixed assets -€10,364
down €10,364 (-75.9%), from €13,661 to €3,297
of which Furniture and vehicles: -€8,545
- Stocks and contracts +€10,003
up €10,003 (+60.4%), from €16,565 to €26,568
- Reserves +€35,802
up €35,802 (+17.4%), from €205,365 to €241,167
- Other debts +€30,363
up €30,363 (+14.2%), from €214,528 to €244,891
- Accrued charges and deferred income -€19,320
down €19,320 (-87.5%), from €22,080 to €2,760
- Trade debts +€7,703
up €7,703 (+25.0%), from €30,872 to €38,575
- Gross operating margin +€4,065
up €4,065 (+5.4%), from €75,520 to €79,585
- Write-downs +€1,546
up €1,546, from -€435 to €1,111
- Taxes +€963
up €963 (+5.1%), from €18,895 to €19,858
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €593,726 | €648,405 | +€54,679 | +9.2% |
| Fixed assets | 21/28 | €13,661 | €3,297 | -€10,364 | -75.9% |
| Tangible fixed assets | 22/27 | €13,661 | €3,297 | -€10,364 | -75.9% |
| Furniture and vehicles | 24 | €11,582 | €3,037 | -€8,545 | -73.8% |
| Other tangible fixed assets | 26 | €2,079 | €260 | -€1,818 | -87.5% |
| Current assets | 29/58 | €580,066 | €645,108 | +€65,042 | +11.2% |
| Stocks and contracts in progress | 3 | €16,565 | €26,568 | +€10,003 | +60.4% |
| Stocks | 30/36 | €16,565 | €26,568 | +€10,003 | +60.4% |
| Amounts receivable within one year | 40/41 | €201 | €30 | -€171 | -85.0% |
| Other amounts receivable | 41 | €201 | €30 | -€171 | -85.0% |
| Cash at bank and in hand | 54/58 | €562,507 | €617,681 | +€55,174 | +9.8% |
| Deferred charges and accrued income | 490/1 | €793 | €828 | +€35 | +4.4% |
| Total equity and liabilities | 10/49 | €593,726 | €648,405 | +€54,679 | +9.2% |
| Equity | 10/15 | €316,987 | €352,775 | +€35,788 | +11.3% |
| Contributions | 10/11 | €111,600 | €111,600 | = | 0.0% |
| Reserves | 13 | €205,365 | €241,167 | +€35,802 | +17.4% |
| Distributable reserves | 133 | €205,365 | €241,167 | +€35,802 | +17.4% |
| Profit (loss) carried forward | 14 | €22 | €8 | -€13 | -61.1% |
| Amounts payable | 17/49 | €276,739 | €295,630 | +€18,890 | +6.8% |
| Amounts payable within one year | 42/48 | €254,659 | €292,870 | +€38,210 | +15.0% |
| Trade debts | 44 | €30,872 | €38,575 | +€7,703 | +25.0% |
| Suppliers | 440/4 | €30,872 | €38,575 | +€7,703 | +25.0% |
| Taxes, remuneration and social security | 45 | €9,260 | €9,404 | +€144 | +1.6% |
| Taxes | 450/3 | €9,260 | €9,404 | +€144 | +1.6% |
| Other amounts payable | 47/48 | €214,528 | €244,891 | +€30,363 | +14.2% |
| Accrued charges and deferred income | 492/3 | €22,080 | €2,760 | -€19,320 | -87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,192 | €10,364 | +€172 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€435 | €1,111 | +€1,546 | |
| Other operating charges | 640/8 | €1,621 | €1,634 | +€13 | +0.8% |
| Gross operating margin | 9900 | €75,520 | €79,585 | +€4,065 | +5.4% |
| Operating profit (loss) | 9901 | €64,142 | €66,477 | +€2,334 | +3.6% |
| Financial income | 75/76B | €4,115 | €4,622 | +€507 | +12.3% |
| Recurring financial income | 75 | €4,115 | €4,622 | +€507 | +12.3% |
| Financial charges | 65/66B | €15,440 | €15,452 | +€12 | +0.1% |
| Recurring financial charges | 65 | €15,440 | €15,452 | +€12 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €52,817 | €55,647 | +€2,830 | +5.4% |
| Income taxes | 67/77 | €18,895 | €19,858 | +€963 | +5.1% |
| Profit (loss) for the period | 9904 | €33,922 | €35,788 | +€1,867 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,922 | €35,788 | +€1,867 | +5.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.