DE CLERCQ Philippe: 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 Philippe
Largest movements
- Cash +€15,824
up €15,824 (+19.0%), from €83,222 to €99,046
mainly Depreciation (+€22,465) and Net result for the year (+€13,162)
- Tangible fixed assets -€12,677
down €12,677 (-8.7%), from €145,002 to €132,325
of which Land and buildings: -€11,776
- Intangible fixed assets -€9,420
down €9,420 (-22.5%), from €41,774 to €32,354
- Debts after one year -€18,714
down €18,714 (-11.1%), from €168,891 to €150,177
- Reserves +€13,150
up €13,150 (+14.3%), from €91,932 to €105,082
of which Distributable reserves: +€16,600
- Gross operating margin -€13,518
down €13,518 (-23.5%), from €57,624 to €44,107
- Financial charges +€2,270
up €2,270 (+1,564%), from €145 to €2,416
- Taxes -€1,381
down €1,381 (-19.2%), from €7,200 to €5,819
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 | €333,039 | €326,636 | -€6,403 | -1.9% |
| Fixed assets | 21/28 | €186,776 | €164,679 | -€22,097 | -11.8% |
| Intangible fixed assets | 21 | €41,774 | €32,354 | -€9,420 | -22.5% |
| Tangible fixed assets | 22/27 | €145,002 | €132,325 | -€12,677 | -8.7% |
| Land and buildings | 22 | €141,317 | €129,541 | -€11,776 | -8.3% |
| Plant, machinery and equipment | 23 | €3,685 | €2,784 | -€901 | -24.4% |
| Current assets | 29/58 | €146,263 | €161,957 | +€15,694 | +10.7% |
| Amounts receivable within one year | 40/41 | €13,041 | €12,911 | -€130 | -1.0% |
| Trade receivables | 40 | €13,041 | €12,911 | -€130 | -1.0% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €83,222 | €99,046 | +€15,824 | +19.0% |
| Total equity and liabilities | 10/49 | €333,039 | €326,636 | -€6,403 | -1.9% |
| Equity | 10/15 | €126,116 | €139,278 | +€13,162 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,932 | €105,082 | +€13,150 | +14.3% |
| Non-distributable reserves | 130/1 | €1,734 | €1,734 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,734 | €1,734 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,490 | €40,040 | -€3,450 | -7.9% |
| Distributable reserves | 133 | €46,708 | €63,308 | +€16,600 | +35.5% |
| Profit (loss) carried forward | 14 | €15,584 | €15,596 | +€12 | +0.1% |
| Provisions and deferred taxes | 16 | €10,872 | €10,010 | -€863 | -7.9% |
| Deferred taxes | 168 | €10,872 | €10,010 | -€863 | -7.9% |
| Amounts payable | 17/49 | €196,050 | €177,348 | -€18,703 | -9.5% |
| Amounts payable after more than one year | 17 | €168,891 | €150,177 | -€18,714 | -11.1% |
| Financial debts | 170/4 | €168,891 | €150,177 | -€18,714 | -11.1% |
| Amounts payable within one year | 42/48 | €27,160 | €27,171 | +€11 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €11,144 | €11,144 | = | 0.0% |
| Trade debts | 44 | €7,268 | €6,679 | -€589 | -8.1% |
| Suppliers | 440/4 | €7,268 | €6,679 | -€589 | -8.1% |
| Taxes, remuneration and social security | 45 | €7,200 | €7,800 | +€600 | +8.3% |
| Taxes | 450/3 | €7,200 | €7,800 | +€600 | +8.3% |
| Other amounts payable | 47/48 | €1,547 | €1,547 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,516 | €22,465 | -€51 | -0.2% |
| Other operating charges | 640/8 | €1,072 | €1,108 | +€36 | +3.4% |
| Gross operating margin | 9900 | €57,624 | €44,107 | -€13,518 | -23.5% |
| Operating profit (loss) | 9901 | €34,037 | €20,534 | -€13,503 | -39.7% |
| Financial charges | 65/66B | €145 | €2,416 | +€2,270 | +1,564% |
| Recurring financial charges | 65 | €145 | €2,416 | +€2,270 | +1,564% |
| Profit (loss) for the period before taxes | 9903 | €33,892 | €18,118 | -€15,773 | -46.5% |
| Transfer from deferred taxes | 780 | €863 | €863 | = | 0.0% |
| Transfer to deferred taxes | 680 | €3,182 | - | -€3,182 | |
| Income taxes | 67/77 | €7,200 | €5,819 | -€1,381 | -19.2% |
| Profit (loss) for the period | 9904 | €24,373 | €13,162 | -€11,211 | -46.0% |
| Transfer from tax-exempt reserves | 789 | €3,450 | €3,450 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €12,726 | - | -€12,726 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,097 | €16,612 | +€1,515 | +10.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.