DE CLERCQ NICK: 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 NICK
Largest movements
- Receivables within one year +€34,771
up €34,771 (+1313.4%), from €2,648 to €37,419
of which Other amounts receivable: +€29,049
- Tangible fixed assets -€24,035
down €24,035 (-82.4%), from €29,162 to €5,126
of which Furniture and vehicles: -€25,232
- Tax, wage and social debts +€15,453
up €15,453 (+172.8%), from €8,941 to €24,394
of which Taxes: +€13,533
- Debts after one year -€4,422
down €4,422 (-100.0%), from €4,422 to €0
- Reserves -€2,957
down €2,957 (-48.3%), from €6,122 to €3,164
- Trade debts +€2,548
up €2,548 (+84.5%), from €3,015 to €5,563
- Current portion of long-term debt -€837
down €837 (-15.9%), from €5,260 to €4,422
- Other operating charges +€9,199
up €9,199 (+1712.4%), from €537 to €9,736
- Gross operating margin -€6,916
down €6,916 (-41.8%), from €16,556 to €9,641
- Depreciation -€4,548
down €4,548 (-61.3%), from €7,421 to €2,873
- Taxes -€1,453
down €1,453 (-82.8%), from €1,754 to €301
- Financial income +€1,062
up €1,062 (+117952.2%), from €1 to €1,062
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 | €38,093 | €48,915 | +€10,822 | +28.4% |
| Fixed assets | 21/28 | €29,162 | €5,126 | -€24,035 | -82.4% |
| Tangible fixed assets | 22/27 | €29,162 | €5,126 | -€24,035 | -82.4% |
| Plant, machinery and equipment | 23 | €1,230 | €2,426 | +€1,196 | +97.3% |
| Furniture and vehicles | 24 | €27,932 | €2,700 | -€25,232 | -90.3% |
| Current assets | 29/58 | €8,931 | €43,789 | +€34,858 | +390.3% |
| Stocks and contracts in progress | 3 | - | €322 | +€322 | |
| Stocks | 30/36 | - | €322 | +€322 | |
| Amounts receivable within one year | 40/41 | €2,648 | €37,419 | +€34,771 | +1313.4% |
| Trade receivables | 40 | €2,633 | €8,355 | +€5,722 | +217.4% |
| Other amounts receivable | 41 | €15 | €29,064 | +€29,049 | +193659.8% |
| Cash at bank and in hand | 54/58 | €5,451 | €5,132 | -€319 | -5.9% |
| Deferred charges and accrued income | 490/1 | €833 | €917 | +€84 | +10.1% |
| Total equity and liabilities | 10/49 | €38,093 | €48,915 | +€10,822 | +28.4% |
| Equity | 10/15 | €10,122 | €7,164 | -€2,957 | -29.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €6,122 | €3,164 | -€2,957 | -48.3% |
| Distributable reserves | 133 | €6,122 | €3,164 | -€2,957 | -48.3% |
| Amounts payable | 17/49 | €27,971 | €41,751 | +€13,780 | +49.3% |
| Amounts payable after more than one year | 17 | €4,422 | €0 | -€4,422 | -100.0% |
| Financial debts | 170/4 | €4,422 | €0 | -€4,422 | -100.0% |
| Amounts payable within one year | 42/48 | €23,548 | €41,379 | +€17,831 | +75.7% |
| Current portion of amounts payable after more than one year | 42 | €5,260 | €4,422 | -€837 | -15.9% |
| Trade debts | 44 | €3,015 | €5,563 | +€2,548 | +84.5% |
| Suppliers | 440/4 | €3,015 | €5,563 | +€2,548 | +84.5% |
| Taxes, remuneration and social security | 45 | €8,941 | €24,394 | +€15,453 | +172.8% |
| Taxes | 450/3 | €7,501 | €21,034 | +€13,533 | +180.4% |
| Remuneration and social security | 454/9 | €1,440 | €3,360 | +€1,920 | +133.3% |
| Other amounts payable | 47/48 | €6,333 | €7,000 | +€667 | +10.5% |
| Accrued charges and deferred income | 492/3 | - | €372 | +€372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,421 | €2,873 | -€4,548 | -61.3% |
| Other operating charges | 640/8 | €537 | €9,736 | +€9,199 | +1712.4% |
| Non-recurring operating charges | 66A | €140 | €0 | -€140 | -100.0% |
| Gross operating margin | 9900 | €16,556 | €9,641 | -€6,916 | -41.8% |
| Operating profit (loss) | 9901 | €8,458 | -€2,968 | -€11,426 | |
| Financial income | 75/76B | €1 | €1,062 | +€1,062 | +117952.2% |
| Recurring financial income | 75 | €1 | €1,062 | +€1,062 | +117952.2% |
| Financial charges | 65/66B | €583 | €750 | +€167 | +28.6% |
| Recurring financial charges | 65 | €583 | €750 | +€167 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €7,875 | -€2,657 | -€10,532 | |
| Income taxes | 67/77 | €1,754 | €301 | -€1,453 | -82.8% |
| Profit (loss) for the period | 9904 | €6,122 | -€2,957 | -€9,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,122 | -€2,957 | -€9,079 |
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.