DE CLERCQ & 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 & C°
Largest movements
- Tangible fixed assets +€647,893
up €647,893 (+23.1%), from €2.8m to €3.5m
of which Land and buildings: +€648,291
- Cash -€192,573
down €192,573 (-53.3%), from €361,205 to €168,632
mainly Investment in fixed assets (net) (-€799,943) and Net result for the year (-€57,526)
- Debts after one year +€513,987
up €513,987 (+32.3%), from €1.6m to €2.1m
of which Financial debts: +€513,987
- Profit (loss) carried forward -€46,241
down €46,241, from €28,742 to -€17,499
- Other debts -€39,371
down €39,371 (-42.0%), from €93,828 to €54,457
- Gross operating margin -€246,979
down €246,979 (-59.4%), from €415,876 to €168,897
- Taxes -€67,728
down €67,728 (-100.0%), from €67,734 to €6
- Depreciation +€41,039
up €41,039 (+37.0%), from €111,037 to €152,076
- Other operating charges -€18,346
down €18,346 (-58.0%), from €31,626 to €13,279
- Financial charges +€4,232
up €4,232 (+6.9%), from €61,471 to €65,704
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 | €3,205,142 | €3,656,046 | +€450,904 | +14.1% |
| Fixed assets | 21/28 | €2,805,120 | €3,452,988 | +€647,868 | +23.1% |
| Tangible fixed assets | 22/27 | €2,805,095 | €3,452,988 | +€647,893 | +23.1% |
| Land and buildings | 22 | €2,803,650 | €3,451,941 | +€648,291 | +23.1% |
| Furniture and vehicles | 24 | €1,446 | €1,047 | -€398 | -27.5% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €400,021 | €203,058 | -€196,963 | -49.2% |
| Amounts receivable within one year | 40/41 | €38,335 | €32,716 | -€5,619 | -14.7% |
| Trade receivables | 40 | - | €315 | +€315 | |
| Other amounts receivable | 41 | €38,335 | €32,401 | -€5,934 | -15.5% |
| Cash at bank and in hand | 54/58 | €361,205 | €168,632 | -€192,573 | -53.3% |
| Deferred charges and accrued income | 490/1 | €482 | €1,710 | +€1,229 | +255.2% |
| Total equity and liabilities | 10/49 | €3,205,142 | €3,656,046 | +€450,904 | +14.1% |
| Equity | 10/15 | €1,270,810 | €1,213,284 | -€57,526 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,223,469 | €1,212,183 | -€11,285 | -0.9% |
| Tax-exempt reserves | 132 | €433,259 | €421,973 | -€11,285 | -2.6% |
| Distributable reserves | 133 | €790,210 | €790,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,742 | -€17,499 | -€46,241 | |
| Provisions and deferred taxes | 16 | €108,315 | €105,493 | -€2,821 | -2.6% |
| Deferred taxes | 168 | €108,315 | €105,493 | -€2,821 | -2.6% |
| Amounts payable | 17/49 | €1,826,017 | €2,337,268 | +€511,252 | +28.0% |
| Amounts payable after more than one year | 17 | €1,593,527 | €2,107,514 | +€513,987 | +32.3% |
| Financial debts | 170/4 | €1,293,527 | €1,807,514 | +€513,987 | +39.7% |
| Other amounts payable | 178/9 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €232,490 | €212,770 | -€19,720 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €111,316 | €136,013 | +€24,697 | +22.2% |
| Trade debts | 44 | €3,989 | €17,799 | +€13,810 | +346.2% |
| Suppliers | 440/4 | €3,989 | €17,799 | +€13,810 | +346.2% |
| Taxes, remuneration and social security | 45 | €23,357 | €4,501 | -€18,856 | -80.7% |
| Taxes | 450/3 | €23,357 | €4,501 | -€18,856 | -80.7% |
| Other amounts payable | 47/48 | €93,828 | €54,457 | -€39,371 | -42.0% |
| Accrued charges and deferred income | 492/3 | - | €16,985 | +€16,985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,037 | €152,076 | +€41,039 | +37.0% |
| Other operating charges | 640/8 | €31,626 | €13,279 | -€18,346 | -58.0% |
| Gross operating margin | 9900 | €415,876 | €168,897 | -€246,979 | -59.4% |
| Operating profit (loss) | 9901 | €273,213 | €3,542 | -€269,671 | -98.7% |
| Financial income | 75/76B | €5 | €1,820 | +€1,815 | +36304.0% |
| Recurring financial income | 75 | €5 | €1,820 | +€1,815 | +36304.0% |
| Financial charges | 65/66B | €61,471 | €65,704 | +€4,232 | +6.9% |
| Recurring financial charges | 65 | €61,471 | €65,704 | +€4,232 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €211,747 | -€60,341 | -€272,088 | |
| Transfer from deferred taxes | 780 | €2,177 | €2,821 | +€645 | +29.6% |
| Income taxes | 67/77 | €67,734 | €6 | -€67,728 | -100.0% |
| Profit (loss) for the period | 9904 | €146,189 | -€57,526 | -€203,715 | |
| Transfer from tax-exempt reserves | 789 | €8,706 | €11,285 | +€2,579 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €154,895 | -€46,241 | -€201,136 |
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 9 October 2026 via checked.be.