DE CLOCKE: 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.
What changed
DE CLOCKE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€63,983
2024 · €39,200+€24,783
Equity
€505,998
2024 · €442,015+€63,983
Cash
€43,291
2024 · €18,845+€24,446
Balance sheet total
€2.7m
2024 · €2.7m-€18,276
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€110,255
down €110,255 (-6.0%), from €1.8m to €1.7m
- Reserves +€63,983
up €63,983 (+15.4%), from €414,448 to €478,432
Income statement
- Gross operating margin +€383,125
new in 2025: €383,125
- Other operating income -€289,586
no longer reported in 2025 (was €289,586)
- Depreciation +€58,607
up €58,607 (+265%), from €22,152 to €80,759
- Services and other goods -€20,007
no longer reported in 2025 (was €20,007)
- Other operating charges +€11,538
up €11,538 (+8.2%), from €140,450 to €151,988
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.
Result 2024
€39,200
Depreciation
-€58,607
Other operating charges
-€11,538
Other operating items
+€113,545
Financial charges
-€7,889
Taxes
-€10,728
Result 2025
€63,983
lowers the resultnot broken down further in the accounts
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.
From operations
+€191,197
Investment
-€60,000
Financing
-€106,751
Cash 2024
€18,845
From operations (derived)
+€191,197
Net result for the year
+€63,983
Depreciation
+€80,759
Receivables within one year
+€21,963
Trade debts
+€5,057
Tax, wage and social debts
+€2,812
Other debts
+€12,923
Accrued charges and deferred income
+€3,700
Investment (derived)
-€60,000
Investment in fixed assets (net)
-€60,000
Financing
-€106,751
Debts after one year
-€110,255
Current portion of long-term debt
+€3,504
Cash 2025
€43,291
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,681,147 | €2,662,871 | -€18,276 | -0.7% |
| Fixed assets | 21/28 | €2,639,386 | €2,618,627 | -€20,759 | -0.8% |
| Tangible fixed assets | 22/27 | €2,639,386 | €2,618,627 | -€20,759 | -0.8% |
| Land and buildings | 22 | €263,451 | €2,618,627 | +€2.4m | +894% |
| Assets under construction and advance payments | 27 | €2,375,935 | €0 | -€2.4m | -100% |
| Current assets | 29/58 | €41,761 | €44,244 | +€2,483 | +5.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €22,916 | €953 | -€21,963 | -95.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €22,916 | €953 | -€21,963 | -95.8% |
| Cash at bank and in hand | 54/58 | €18,845 | €43,291 | +€24,446 | +130% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,681,147 | €2,662,871 | -€18,276 | -0.7% |
| Equity | 10/15 | €442,015 | €505,998 | +€63,983 | +14.5% |
| Contributions | 10/11 | €27,567 | €27,567 | = | 0.0% |
| Reserves | 13 | €414,448 | €478,432 | +€63,983 | +15.4% |
| Distributable reserves | 133 | €414,448 | €478,432 | +€63,983 | +15.4% |
| Amounts payable | 17/49 | €2,239,132 | €2,156,873 | -€82,259 | -3.7% |
| Amounts payable after more than one year | 17 | €1,849,778 | €1,739,523 | -€110,255 | -6.0% |
| Financial debts | 170/4 | €1,849,778 | €1,739,523 | -€110,255 | -6.0% |
| Credit institutions | 173 | €1,849,778 | - | -€1.8m | |
| Amounts payable within one year | 42/48 | €389,354 | €413,650 | +€24,296 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €106,751 | €110,255 | +€3,504 | +3.3% |
| Trade debts | 44 | €62,279 | €67,336 | +€5,057 | +8.1% |
| Suppliers | 440/4 | €62,279 | €67,336 | +€5,057 | +8.1% |
| Taxes, remuneration and social security | 45 | €983 | €3,794 | +€2,812 | +286% |
| Taxes | 450/3 | €983 | €3,794 | +€2,812 | +286% |
| Other amounts payable | 47/48 | €219,342 | €232,265 | +€12,923 | +5.9% |
| Accrued charges and deferred income | 492/3 | €0 | €3,700 | +€3,700 | |
| Operating income | 70/76A | €289,586 | - | -€289,586 | |
| Other operating income | 74 | €289,586 | - | -€289,586 | |
| Non-recurring operating income | 76A | €0 | €105,324 | +€105,324 | |
| Operating charges | 60/66A | €182,609 | - | -€182,609 | |
| Services and other goods | 61 | €20,007 | - | -€20,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,152 | €80,759 | +€58,607 | +265% |
| Other operating charges | 640/8 | €140,450 | €151,988 | +€11,538 | +8.2% |
| Gross operating margin | 9900 | - | €383,125 | +€383,125 | |
| Operating profit (loss) | 9901 | €106,977 | €150,378 | +€43,401 | +40.6% |
| Financial charges | 65/66B | €54,711 | €62,600 | +€7,889 | +14.4% |
| Recurring financial charges | 65 | €54,711 | €62,600 | +€7,889 | +14.4% |
| Debt charges | 650 | €53,975 | - | -€53,975 | |
| Other financial charges | 652/9 | €736 | - | -€736 | |
| Profit (loss) for the period before taxes | 9903 | €52,267 | €87,778 | +€35,511 | +67.9% |
| Income taxes | 67/77 | €13,067 | €23,794 | +€10,728 | +82.1% |
| Taxes | 670/3 | €13,067 | - | -€13,067 | |
| Profit (loss) for the period | 9904 | €39,200 | €63,983 | +€24,783 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,200 | €63,983 | +€24,783 | +63.2% |
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 20 October 2026 via checked.be.