DE CLERCQ CHRISTOPHE: 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 CHRISTOPHE
Largest movements
- Cash -€215,616
down €215,616 (-48.5%), from €444,767 to €229,151
mainly Contributions, distributions and other (-€300,000) and Current investments (-€191,377)
- Current investments +€191,377
up €191,377 (+9.2%), from €2.1m to €2.3m
- Reserves +€55,300
up €55,300 (+2.7%), from €2.1m to €2.1m
of which Tax-exempt reserves: +€286,280
- Tax, wage and social debts -€53,724
down €53,724 (-83.5%), from €64,357 to €10,633
of which Taxes: -€51,342
- Taxes +€61,132
up €61,132 (+40.1%), from €152,552 to €213,684
- Financial income -€49,466
down €49,466 (-60.6%), from €81,632 to €32,166
- Financial charges +€26,643
up €26,643 (+5,179%), from €514 to €27,158
- Gross operating margin +€17,411
up €17,411 (+3.2%), from €550,154 to €567,565
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 | €2,627,861 | €2,607,011 | -€20,850 | -0.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €60 | €60 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €2,627,801 | €2,606,951 | -€20,850 | -0.8% |
| Current investments | 50/53 | €2,071,120 | €2,262,497 | +€191,377 | +9.2% |
| Cash at bank and in hand | 54/58 | €444,767 | €229,151 | -€215,616 | -48.5% |
| Deferred charges and accrued income | 490/1 | €111,915 | €115,304 | +€3,389 | +3.0% |
| Total equity and liabilities | 10/49 | €2,627,861 | €2,607,011 | -€20,850 | -0.8% |
| Equity | 10/15 | €2,121,122 | €2,176,965 | +€55,843 | +2.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,072,155 | €2,127,455 | +€55,300 | +2.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €412,580 | +€286,280 | +227% |
| Distributable reserves | 133 | €1,944,000 | €1,713,020 | -€230,980 | -11.9% |
| Profit (loss) carried forward | 14 | €36,567 | €37,110 | +€543 | +1.5% |
| Amounts payable | 17/49 | €506,739 | €430,046 | -€76,693 | -15.1% |
| Amounts payable within one year | 42/48 | €506,739 | €430,046 | -€76,693 | -15.1% |
| Taxes, remuneration and social security | 45 | €64,357 | €10,633 | -€53,724 | -83.5% |
| Taxes | 450/3 | €59,310 | €7,968 | -€51,342 | -86.6% |
| Remuneration and social security | 454/9 | €5,047 | €2,665 | -€2,382 | -47.2% |
| Other amounts payable | 47/48 | €442,382 | €419,413 | -€22,969 | -5.2% |
| Other operating charges | 640/8 | €1,290 | €3,046 | +€1,756 | +136% |
| Non-recurring operating charges | 66A | €432 | - | -€432 | |
| Gross operating margin | 9900 | €550,154 | €567,565 | +€17,411 | +3.2% |
| Operating profit (loss) | 9901 | €548,432 | €564,519 | +€16,087 | +2.9% |
| Financial income | 75/76B | €81,632 | €32,166 | -€49,466 | -60.6% |
| Recurring financial income | 75 | €81,632 | €32,166 | -€49,466 | -60.6% |
| Financial charges | 65/66B | €514 | €27,158 | +€26,643 | +5,179% |
| Recurring financial charges | 65 | €514 | €27,158 | +€26,643 | +5,179% |
| Profit (loss) for the period before taxes | 9903 | €629,549 | €569,527 | -€60,022 | -9.5% |
| Income taxes | 67/77 | €152,552 | €213,684 | +€61,132 | +40.1% |
| Profit (loss) for the period | 9904 | €476,997 | €355,843 | -€121,154 | -25.4% |
| Transfer from tax-exempt reserves | 789 | - | €50,520 | +€50,520 | |
| Transfer to tax-exempt reserves | 689 | €126,300 | €336,800 | +€210,500 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €350,697 | €69,563 | -€281,134 | -80.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.