De Clercq A&C: 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 Clercq A&C
Largest movements
- Tangible fixed assets -€44,378
down €44,378 (-12.6%), from €352,611 to €308,232
of which Land and buildings: -€24,761
- Stocks and contracts -€9,423
down €9,423 (-16.3%), from €57,855 to €48,433
- Cash -€6,697
down €6,697 (-11.3%), from €59,001 to €52,304
mainly Trade debts (-€34,310) and Debts after one year (-€25,761)
- Trade debts -€34,310
down €34,310 (-80.1%), from €42,857 to €8,547
- Debts after one year -€25,761
down €25,761 (-33.0%), from €77,986 to €52,225
- Profit (loss) carried forward +€11,360
up €11,360 (+19.7%), from €57,718 to €69,078
- Other debts -€8,539
down €8,539 (-3.9%), from €220,160 to €211,621
- Gross operating margin +€34,449
up €34,449 (+72.3%), from €47,663 to €82,112
- Depreciation -€6,334
down €6,334 (-9.2%), from €68,805 to €62,471
- Taxes -€841
down €841 (-69.7%), from €1,206 to €365
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 | €478,345 | €418,487 | -€59,858 | -12.5% |
| Fixed assets | 21/28 | €352,611 | €308,232 | -€44,378 | -12.6% |
| Tangible fixed assets | 22/27 | €352,611 | €308,232 | -€44,378 | -12.6% |
| Land and buildings | 22 | €214,784 | €190,023 | -€24,761 | -11.5% |
| Plant, machinery and equipment | 23 | €58,929 | €62,840 | +€3,910 | +6.6% |
| Furniture and vehicles | 24 | €78,897 | €55,370 | -€23,527 | -29.8% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €125,734 | €110,255 | -€15,480 | -12.3% |
| Stocks and contracts in progress | 3 | €57,855 | €48,433 | -€9,423 | -16.3% |
| Stocks | 30/36 | €57,855 | €48,433 | -€9,423 | -16.3% |
| Amounts receivable within one year | 40/41 | €8,878 | €9,518 | +€640 | +7.2% |
| Trade receivables | 40 | €8,048 | €8,688 | +€640 | +8.0% |
| Other amounts receivable | 41 | €830 | €830 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,001 | €52,304 | -€6,697 | -11.3% |
| Total equity and liabilities | 10/49 | €478,345 | €418,487 | -€59,858 | -12.5% |
| Equity | 10/15 | €89,218 | €100,578 | +€11,360 | +12.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,718 | €69,078 | +€11,360 | +19.7% |
| Amounts payable | 17/49 | €389,127 | €317,909 | -€71,218 | -18.3% |
| Amounts payable after more than one year | 17 | €77,986 | €52,225 | -€25,761 | -33.0% |
| Financial debts | 170/4 | €77,986 | €52,225 | -€25,761 | -33.0% |
| Amounts payable within one year | 42/48 | €311,141 | €265,684 | -€45,457 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €25,605 | €25,761 | +€156 | +0.6% |
| Trade debts | 44 | €42,857 | €8,547 | -€34,310 | -80.1% |
| Suppliers | 440/4 | €42,857 | €8,547 | -€34,310 | -80.1% |
| Taxes, remuneration and social security | 45 | €22,520 | €19,755 | -€2,764 | -12.3% |
| Taxes | 450/3 | €22,520 | €19,755 | -€2,764 | -12.3% |
| Other amounts payable | 47/48 | €220,160 | €211,621 | -€8,539 | -3.9% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €319 | €324 | +€5 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,805 | €62,471 | -€6,334 | -9.2% |
| Other operating charges | 640/8 | €1,188 | €1,133 | -€54 | -4.6% |
| Non-recurring operating charges | 66A | - | €3,164 | +€3,164 | |
| Gross operating margin | 9900 | €47,663 | €82,112 | +€34,449 | +72.3% |
| Operating profit (loss) | 9901 | -€22,648 | €15,020 | +€37,668 | |
| Financial income | 75/76B | €30 | €64 | +€34 | +114% |
| Recurring financial income | 75 | €30 | €64 | +€34 | +114% |
| Financial charges | 65/66B | €3,414 | €3,359 | -€55 | -1.6% |
| Recurring financial charges | 65 | €3,414 | €3,359 | -€55 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,032 | €11,725 | +€37,757 | |
| Income taxes | 67/77 | €1,206 | €365 | -€841 | -69.7% |
| Profit (loss) for the period | 9904 | -€27,238 | €11,360 | +€38,598 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,238 | €11,360 | +€38,598 |
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 30 October 2026 via checked.be.