DE CLERCQ: what changed
Two fiscal 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 CLERCQ
Largest movements
- Cash -€69,663
down €69,663 (-11.3%), from €614,057 to €544,394
mainly Receivables within one year (-€65,656) and Stocks and contracts (-€50,000)
- Receivables within one year +€65,656
up €65,656 (+602.8%), from €10,892 to €76,549
of which Trade receivables: +€62,585
- Stocks and contracts +€50,000
new in 2025: €50,000
- Tangible fixed assets -€40,620
down €40,620 (-49.5%), from €82,033 to €41,413
of which Plant, machinery and equipment: -€33,908
- Reserves +€44,140
up €44,140 (+21.4%), from €205,860 to €250,000
of which Distributable reserves: +€44,140
- Trade debts -€38,208
down €38,208 (-82.2%), from €46,455 to €8,247
- Profit (loss) carried forward -€27,877
down €27,877 (-81.7%), from €34,132 to €6,254
- Debts after one year +€27,209
up €27,209 (+7.2%), from €379,194 to €406,404
- Gross operating margin +€29,786
up €29,786 (+53.9%), from €55,229 to €85,015
- Financial charges -€6,987
down €6,987 (-33.7%), from €20,729 to €13,741
- Taxes +€1,880
up €1,880 (+272.6%), from €690 to €2,570
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 | €710,426 | €716,122 | +€5,696 | +0.8% |
| Fixed assets | 21/28 | €82,053 | €41,433 | -€40,620 | -49.5% |
| Tangible fixed assets | 22/27 | €82,033 | €41,413 | -€40,620 | -49.5% |
| Land and buildings | 22 | €840 | €560 | -€280 | -33.3% |
| Plant, machinery and equipment | 23 | €57,409 | €23,501 | -€33,908 | -59.1% |
| Furniture and vehicles | 24 | €23,785 | €17,352 | -€6,432 | -27.0% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €628,373 | €674,689 | +€46,316 | +7.4% |
| Stocks and contracts in progress | 3 | - | €50,000 | +€50,000 | |
| Contracts in progress | 37 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €10,892 | €76,549 | +€65,656 | +602.8% |
| Trade receivables | 40 | €303 | €62,887 | +€62,585 | +20689.1% |
| Other amounts receivable | 41 | €10,590 | €13,662 | +€3,072 | +29.0% |
| Cash at bank and in hand | 54/58 | €614,057 | €544,394 | -€69,663 | -11.3% |
| Deferred charges and accrued income | 490/1 | €3,423 | €3,746 | +€323 | +9.4% |
| Total equity and liabilities | 10/49 | €710,426 | €716,122 | +€5,696 | +0.8% |
| Equity | 10/15 | €258,592 | €274,854 | +€16,263 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,860 | €250,000 | +€44,140 | +21.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €205,860 | €250,000 | +€44,140 | +21.4% |
| Profit (loss) carried forward | 14 | €34,132 | €6,254 | -€27,877 | -81.7% |
| Amounts payable | 17/49 | €451,834 | €441,268 | -€10,567 | -2.3% |
| Amounts payable after more than one year | 17 | €379,194 | €406,404 | +€27,209 | +7.2% |
| Financial debts | 170/4 | €379,194 | €406,404 | +€27,209 | +7.2% |
| Amounts payable within one year | 42/48 | €72,640 | €34,864 | -€37,776 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €19,200 | €19,200 | = | 0.0% |
| Trade debts | 44 | €46,455 | €8,247 | -€38,208 | -82.2% |
| Suppliers | 440/4 | €46,455 | €8,247 | -€38,208 | -82.2% |
| Taxes, remuneration and social security | 45 | €6,985 | €7,417 | +€432 | +6.2% |
| Taxes | 450/3 | €5,985 | €5,917 | -€68 | -1.1% |
| Remuneration and social security | 454/9 | €1,000 | €1,500 | +€500 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,919 | €47,715 | +€796 | +1.7% |
| Other operating charges | 640/8 | €5,499 | €5,231 | -€268 | -4.9% |
| Gross operating margin | 9900 | €55,229 | €85,015 | +€29,786 | +53.9% |
| Operating profit (loss) | 9901 | €2,811 | €32,069 | +€29,258 | +1040.8% |
| Financial income | 75/76B | €637 | €505 | -€132 | -20.7% |
| Recurring financial income | 75 | €637 | €505 | -€132 | -20.7% |
| Financial charges | 65/66B | €20,729 | €13,741 | -€6,987 | -33.7% |
| Recurring financial charges | 65 | €20,729 | €13,741 | -€6,987 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,281 | €18,832 | +€36,114 | |
| Income taxes | 67/77 | €690 | €2,570 | +€1,880 | +272.6% |
| Profit (loss) for the period | 9904 | -€17,971 | €16,263 | +€34,233 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,971 | €16,263 | +€34,233 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.