DE CLERCQ - PEELMAN: 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 - PEELMAN
Largest movements
- Cash -€11,252
down €11,252 (-32.8%), from €34,317 to €23,065
mainly Stocks and contracts (-€10,415) and Receivables within one year (-€9,563)
- Stocks and contracts +€10,415
up €10,415 (+39.1%), from €26,623 to €37,038
- Receivables within one year +€9,563
up €9,563 (+291.9%), from €3,277 to €12,840
- Current investments -€4,038
no longer reported in 2025 (was €4,038)
- Tangible fixed assets -€1,118
down €1,118 (-33.9%), from €3,300 to €2,183
of which Plant, machinery and equipment: -€973
- Trade debts -€7,300
down €7,300 (-16.3%), from €44,877 to €37,577
- Tax, wage and social debts +€6,784
up €6,784 (+413.0%), from €1,643 to €8,427
- Reserves +€4,085
up €4,085 (+30.1%), from €13,571 to €17,657
of which Distributable reserves: +€4,085
- Gross operating margin +€10,882
up €10,882 (+237.3%), from €4,585 to €15,468
- Taxes +€3,536
up €3,536 (+552.9%), from €639 to €4,175
- Other operating charges +€2,629
up €2,629 (+118.9%), from €2,211 to €4,841
- Financial charges +€1,562
up €1,562 (+1475.8%), from €106 to €1,668
- Financial income +€261
up €261 (+408.8%), from €64 to €325
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 | €71,556 | €75,126 | +€3,570 | +5.0% |
| Fixed assets | 21/28 | €3,300 | €2,183 | -€1,118 | -33.9% |
| Tangible fixed assets | 22/27 | €3,300 | €2,183 | -€1,118 | -33.9% |
| Land and buildings | 22 | €689 | €544 | -€144 | -21.0% |
| Plant, machinery and equipment | 23 | €2,612 | €1,638 | -€973 | -37.3% |
| Current assets | 29/58 | €68,255 | €72,943 | +€4,688 | +6.9% |
| Stocks and contracts in progress | 3 | €26,623 | €37,038 | +€10,415 | +39.1% |
| Stocks | 30/36 | €26,623 | €37,038 | +€10,415 | +39.1% |
| Amounts receivable within one year | 40/41 | €3,277 | €12,840 | +€9,563 | +291.9% |
| Other amounts receivable | 41 | €3,277 | €12,840 | +€9,563 | +291.9% |
| Current investments | 50/53 | €4,038 | - | -€4,038 | |
| Cash at bank and in hand | 54/58 | €34,317 | €23,065 | -€11,252 | -32.8% |
| Total equity and liabilities | 10/49 | €71,556 | €75,126 | +€3,570 | +5.0% |
| Equity | 10/15 | €25,036 | €29,122 | +€4,085 | +16.3% |
| Contributions | 10/11 | €11,465 | €11,465 | = | 0.0% |
| Reserves | 13 | €13,571 | €17,657 | +€4,085 | +30.1% |
| Non-distributable reserves | 130/1 | €766 | €766 | = | 0.0% |
| Reserves not available under the articles | 1311 | €766 | €766 | = | 0.0% |
| Distributable reserves | 133 | €12,806 | €16,891 | +€4,085 | +31.9% |
| Amounts payable | 17/49 | €46,519 | €46,004 | -€515 | -1.1% |
| Amounts payable within one year | 42/48 | €46,519 | €46,004 | -€515 | -1.1% |
| Trade debts | 44 | €44,877 | €37,577 | -€7,300 | -16.3% |
| Suppliers | 440/4 | €44,877 | €37,577 | -€7,300 | -16.3% |
| Taxes, remuneration and social security | 45 | €1,643 | €8,427 | +€6,784 | +413.0% |
| Taxes | 450/3 | €1,643 | €8,427 | +€6,784 | +413.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,117 | €1,023 | -€94 | -8.4% |
| Other operating charges | 640/8 | €2,211 | €4,841 | +€2,629 | +118.9% |
| Gross operating margin | 9900 | €4,585 | €15,468 | +€10,882 | +237.3% |
| Operating profit (loss) | 9901 | €1,257 | €9,604 | +€8,347 | +664.0% |
| Financial income | 75/76B | €64 | €325 | +€261 | +408.8% |
| Recurring financial income | 75 | €64 | €325 | +€261 | +408.8% |
| Financial charges | 65/66B | €106 | €1,668 | +€1,562 | +1475.8% |
| Recurring financial charges | 65 | €106 | €1,668 | +€1,562 | +1475.8% |
| Profit (loss) for the period before taxes | 9903 | €1,215 | €8,260 | +€7,045 | +579.9% |
| Income taxes | 67/77 | €639 | €4,175 | +€3,536 | +552.9% |
| Profit (loss) for the period | 9904 | €576 | €4,085 | +€3,510 | +609.8% |
| Profit (loss) for the period to be appropriated | 9905 | €576 | €4,085 | +€3,510 | +609.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.