DE CLUYS: 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 CLUYS
Largest movements
- Cash -€319,814
down €319,814 (-83.4%), from €383,527 to €63,713
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€104,011)
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets +€78,372
up €78,372 (+17.2%), from €454,836 to €533,208
- Profit (loss) carried forward -€45,202
down €45,202 (-19.0%), from -€237,938 to -€283,140
- Depreciation +€8,205
up €8,205 (+47.1%), from €17,435 to €25,640
- Financial income -€6,788
no longer reported in 2025 (was €6,788)
- Gross operating margin -€4,398
down €4,398 (-22.9%), from €19,185 to €14,787
- Financial charges -€4,014
down €4,014 (-11.6%), from €34,468 to €30,454
- Other operating charges +€343
up €343 (+9.7%), from €3,552 to €3,896
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 | €842,076 | €796,921 | -€45,155 | -5.4% |
| Fixed assets | 21/28 | €454,836 | €533,208 | +€78,372 | +17.2% |
| Tangible fixed assets | 22/27 | €454,836 | €533,208 | +€78,372 | +17.2% |
| Land and buildings | 22 | €454,836 | €533,208 | +€78,372 | +17.2% |
| Current assets | 29/58 | €387,240 | €263,713 | -€123,527 | -31.9% |
| Amounts receivable within one year | 40/41 | €3,713 | - | -€3,713 | |
| Trade receivables | 40 | €1,677 | - | -€1,677 | |
| Other amounts receivable | 41 | €2,036 | - | -€2,036 | |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €383,527 | €63,713 | -€319,814 | -83.4% |
| Total equity and liabilities | 10/49 | €842,076 | €796,921 | -€45,155 | -5.4% |
| Equity | 10/15 | €412,783 | €367,581 | -€45,202 | -11.0% |
| Contributions | 10/11 | €650,721 | €650,721 | = | 0.0% |
| Capital | 10 | €650,721 | €650,721 | = | 0.0% |
| Issued capital | 100 | €650,721 | €650,721 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,938 | -€283,140 | -€45,202 | -19.0% |
| Amounts payable | 17/49 | €429,293 | €429,340 | +€47 | 0.0% |
| Amounts payable after more than one year | 17 | €429,293 | €429,293 | = | 0.0% |
| Financial debts | 170/4 | €429,293 | €429,293 | = | 0.0% |
| Amounts payable within one year | 42/48 | - | €47 | +€47 | |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Advances received on contracts in progress | 46 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,435 | €25,640 | +€8,205 | +47.1% |
| Other operating charges | 640/8 | €3,552 | €3,896 | +€343 | +9.7% |
| Gross operating margin | 9900 | €19,185 | €14,787 | -€4,398 | -22.9% |
| Operating profit (loss) | 9901 | -€1,803 | -€14,748 | -€12,946 | -718.1% |
| Financial income | 75/76B | €6,788 | - | -€6,788 | |
| Recurring financial income | 75 | €6,788 | - | -€6,788 | |
| Financial charges | 65/66B | €34,468 | €30,454 | -€4,014 | -11.6% |
| Recurring financial charges | 65 | €34,468 | €30,454 | -€4,014 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,483 | -€45,202 | -€15,720 | -53.3% |
| Profit (loss) for the period | 9904 | -€29,483 | -€45,202 | -€15,720 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,483 | -€45,202 | -€15,720 | -53.3% |
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.