DE CLIPPEL: what changed
What changed
DE CLIPPEL
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€207,235
2025 · €201,220+€6,015
Equity
€2.7m
2025 · €2.5m+€207,235
Cash
€1.3m
2025 · €1.3m-€3,382
Balance sheet total
€3.3m
2025 · €3.1m+€229,394
Largest movements
Assets
- Receivables within one year +€121,555
up €121,555 (+29.3%), from €414,275 to €535,830
of which Trade receivables: +€122,620
- Stocks and contracts +€116,454
up €116,454 (+34.8%), from €334,519 to €450,973
of which Contracts in progress: +€118,207
Equity and liabilities
- Reserves +€207,235
up €207,235 (+8.4%), from €2.5m to €2.7m
of which Distributable reserves: +€208,522
Income statement
- Gross operating margin +€235,635
up €235,635 (+22.3%), from €1.1m to €1.3m
- Staff costs +€206,159
up €206,159 (+27.6%), from €747,742 to €953,902
- Financial charges +€20,059
up €20,059, from -€15,036 to €5,022
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€201,220
Gross operating margin
+€235,635
Staff costs
-€206,159
Depreciation
+€9,497
Other operating charges
+€1,035
Financial income
-€6,037
Financial charges
-€20,059
Taxes
-€7,539
Deferred taxes and other
-€357
Result 2026
€207,235
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€50,372
Investment
-€53,754
Financing
€0
Cash 2025
€1.3m
From operations (derived)
+€50,372
Net result for the year
+€207,235
Depreciation
+€60,880
Stocks and contracts
-€116,454
Receivables within one year
-€121,555
Deferred charges and accrued income
-€1,893
Provisions
-€534
Trade debts
+€25,530
Tax, wage and social debts
-€9,391
Other debts
+€3,744
Accrued charges and deferred income
+€2,810
Investment (derived)
-€53,754
Investment in fixed assets (net)
-€48,002
Current investments
-€5,752
Cash 2026
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,109,105 | €3,338,498 | +€229,394 | +7.4% |
| Fixed assets | 21/28 | €362,173 | €349,296 | -€12,878 | -3.6% |
| Tangible fixed assets | 22/27 | €342,217 | €329,339 | -€12,878 | -3.8% |
| Land and buildings | 22 | €226,858 | €216,787 | -€10,072 | -4.4% |
| Plant, machinery and equipment | 23 | €40,561 | €36,965 | -€3,597 | -8.9% |
| Furniture and vehicles | 24 | €74,797 | €75,588 | +€791 | +1.1% |
| Financial fixed assets | 28 | €19,956 | €19,956 | = | 0.0% |
| Current assets | 29/58 | €2,746,931 | €2,989,203 | +€242,271 | +8.8% |
| Stocks and contracts in progress | 3 | €334,519 | €450,973 | +€116,454 | +34.8% |
| Stocks | 30/36 | €135,350 | €133,597 | -€1,753 | -1.3% |
| Contracts in progress | 37 | €199,169 | €317,376 | +€118,207 | +59.4% |
| Amounts receivable within one year | 40/41 | €414,275 | €535,830 | +€121,555 | +29.3% |
| Trade receivables | 40 | €345,825 | €468,444 | +€122,620 | +35.5% |
| Other amounts receivable | 41 | €68,450 | €67,385 | -€1,065 | -1.6% |
| Current investments | 50/53 | €701,271 | €707,023 | +€5,752 | +0.8% |
| Cash at bank and in hand | 54/58 | €1,296,867 | €1,293,484 | -€3,382 | -0.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,893 | +€1,893 | |
| Total equity and liabilities | 10/49 | €3,109,105 | €3,338,498 | +€229,394 | +7.4% |
| Equity | 10/15 | €2,537,580 | €2,744,815 | +€207,235 | +8.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,475,580 | €2,682,815 | +€207,235 | +8.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,286 | €61,999 | -€1,287 | -2.0% |
| Distributable reserves | 133 | €2,406,094 | €2,614,616 | +€208,522 | +8.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €1,519 | €985 | -€534 | -35.1% |
| Deferred taxes | 168 | €1,519 | €985 | -€534 | -35.1% |
| Amounts payable | 17/49 | €570,006 | €592,698 | +€22,693 | +4.0% |
| Amounts payable within one year | 42/48 | €568,712 | €588,595 | +€19,883 | +3.5% |
| Trade debts | 44 | €260,594 | €286,124 | +€25,530 | +9.8% |
| Suppliers | 440/4 | €260,594 | €286,124 | +€25,530 | +9.8% |
| Taxes, remuneration and social security | 45 | €58,178 | €48,787 | -€9,391 | -16.1% |
| Taxes | 450/3 | €16,369 | €0 | -€16,369 | -100% |
| Remuneration and social security | 454/9 | €41,809 | €48,787 | +€6,977 | +16.7% |
| Other amounts payable | 47/48 | €249,940 | €253,684 | +€3,744 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,294 | €4,103 | +€2,810 | +217% |
| Remuneration, social security and pensions | 62 | €747,742 | €953,902 | +€206,159 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,377 | €60,880 | -€9,497 | -13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €14,848 | €13,813 | -€1,035 | -7.0% |
| Gross operating margin | 9900 | €1,056,187 | €1,291,821 | +€235,635 | +22.3% |
| Operating profit (loss) | 9901 | €223,219 | €263,227 | +€40,007 | +17.9% |
| Financial income | 75/76B | €25,143 | €19,105 | -€6,037 | -24.0% |
| Recurring financial income | 75 | €25,143 | €19,105 | -€6,037 | -24.0% |
| Financial charges | 65/66B | -€15,036 | €5,022 | +€20,059 | |
| Recurring financial charges | 65 | -€15,036 | €5,022 | +€20,059 | |
| Profit (loss) for the period before taxes | 9903 | €263,398 | €277,309 | +€13,911 | +5.3% |
| Transfer from deferred taxes | 780 | €891 | €534 | -€357 | -40.1% |
| Income taxes | 67/77 | €63,069 | €70,609 | +€7,539 | +12.0% |
| Profit (loss) for the period | 9904 | €201,220 | €207,235 | +€6,015 | +3.0% |
| Transfer from tax-exempt reserves | 789 | €1,981 | €1,287 | -€693 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €203,200 | €208,522 | +€5,322 | +2.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.