DECLAR: 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.
DECLAR
Largest movements
- Receivables within one year +€20,754
up €20,754 (+17,809%), from €117 to €20,871
of which Trade receivables: +€20,337
- Cash -€5,650
down €5,650 (-58.1%), from €9,730 to €4,080
mainly Debts after one year (-€27,840) and Receivables within one year (-€20,754)
- Debts after one year -€27,840
down €27,840 (-16.2%), from €172,188 to €144,348
- Trade debts +€21,416
up €21,416 (+624%), from €3,430 to €24,846
- Profit (loss) carried forward +€19,608
up €19,608 (+47.0%), from €41,745 to €61,353
- Gross operating margin -€15,765
down €15,765 (-32.4%), from €48,705 to €32,941
- Staff costs -€9,918
down €9,918, from €9,887 to -€30
- Taxes -€2,396
down €2,396 (-24.8%), from €9,663 to €7,267
- Other operating charges -€1,340
down €1,340 (-53.1%), from €2,524 to €1,185
- Financial charges -€1,335
down €1,335 (-27.0%), from €4,943 to €3,608
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 | €352,276 | €366,109 | +€13,833 | +3.9% |
| Fixed assets | 21/28 | €342,290 | €341,015 | -€1,276 | -0.4% |
| Tangible fixed assets | 22/27 | €2,290 | €1,015 | -€1,276 | -55.7% |
| Furniture and vehicles | 24 | €2,290 | €1,015 | -€1,276 | -55.7% |
| Financial fixed assets | 28 | €340,000 | €340,000 | = | 0.0% |
| Current assets | 29/58 | €9,985 | €25,094 | +€15,109 | +151% |
| Amounts receivable within one year | 40/41 | €117 | €20,871 | +€20,754 | +17,809% |
| Trade receivables | 40 | €66 | €20,402 | +€20,337 | +30,935% |
| Other amounts receivable | 41 | €51 | €468 | +€417 | +821% |
| Cash at bank and in hand | 54/58 | €9,730 | €4,080 | -€5,650 | -58.1% |
| Deferred charges and accrued income | 490/1 | €138 | €143 | +€5 | +3.5% |
| Total equity and liabilities | 10/49 | €352,276 | €366,109 | +€13,833 | +3.9% |
| Equity | 10/15 | €103,305 | €122,913 | +€19,608 | +19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,360 | €55,360 | = | 0.0% |
| Distributable reserves | 133 | €55,360 | €55,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,745 | €61,353 | +€19,608 | +47.0% |
| Amounts payable | 17/49 | €248,971 | €243,196 | -€5,775 | -2.3% |
| Amounts payable after more than one year | 17 | €172,188 | €144,348 | -€27,840 | -16.2% |
| Financial debts | 170/4 | €172,188 | €144,348 | -€27,840 | -16.2% |
| Amounts payable within one year | 42/48 | €76,323 | €98,451 | +€22,128 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €30,846 | €31,090 | +€244 | +0.8% |
| Trade debts | 44 | €3,430 | €24,846 | +€21,416 | +624% |
| Suppliers | 440/4 | €3,430 | €24,846 | +€21,416 | +624% |
| Taxes, remuneration and social security | 45 | €10,246 | €9,631 | -€615 | -6.0% |
| Taxes | 450/3 | €8,546 | €9,631 | +€1,085 | +12.7% |
| Remuneration and social security | 454/9 | €1,700 | €0 | -€1,700 | -100% |
| Other amounts payable | 47/48 | €31,801 | €32,885 | +€1,084 | +3.4% |
| Accrued charges and deferred income | 492/3 | €460 | €397 | -€63 | -13.8% |
| Remuneration, social security and pensions | 62 | €9,887 | -€30 | -€9,918 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €1,303 | +€999 | +327% |
| Other operating charges | 640/8 | €2,524 | €1,185 | -€1,340 | -53.1% |
| Gross operating margin | 9900 | €48,705 | €32,941 | -€15,765 | -32.4% |
| Operating profit (loss) | 9901 | €35,989 | €30,483 | -€5,506 | -15.3% |
| Financial charges | 65/66B | €4,943 | €3,608 | -€1,335 | -27.0% |
| Recurring financial charges | 65 | €4,943 | €3,608 | -€1,335 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €31,046 | €26,875 | -€4,171 | -13.4% |
| Income taxes | 67/77 | €9,663 | €7,267 | -€2,396 | -24.8% |
| Profit (loss) for the period | 9904 | €21,383 | €19,608 | -€1,775 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,383 | €19,608 | -€1,775 | -8.3% |
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 15 October 2026 via checked.be.