DECLERCK: what changed
Two fiscal 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.
DECLERCK
Largest movements
- Stocks and contracts -€9,842
down €9,842 (-14.9%), from €65,869 to €56,027
- Tangible fixed assets +€4,302
up €4,302 (+22.2%), from €19,351 to €23,654
of which Land and buildings: +€5,406
- Cash -€3,797
down €3,797 (-7.6%), from €49,893 to €46,096
mainly Other debts (-€20,603) and Investment in fixed assets (net) (-€7,572)
- Receivables within one year +€2,883
up €2,883 (+40.3%), from €7,145 to €10,028
of which Other amounts receivable: +€1,862
- Other debts -€20,603
down €20,603 (-100.0%), from €20,603 to €0
- Reserves +€8,800
up €8,800 (+8.9%), from €99,007 to €107,807
of which Distributable reserves: +€8,800
- Tax, wage and social debts +€2,053
up €2,053 (+44.7%), from €4,593 to €6,646
- Trade debts +€1,529
up €1,529 (+109.0%), from €1,403 to €2,932
- Gross operating margin +€2,306
up €2,306 (+11.8%), from €19,543 to €21,849
- Taxes +€316
up €316 (+8.1%), from €3,925 to €4,242
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 | €145,605 | €138,304 | -€7,302 | -5.0% |
| Fixed assets | 21/28 | €19,351 | €23,654 | +€4,302 | +22.2% |
| Tangible fixed assets | 22/27 | €19,351 | €23,654 | +€4,302 | +22.2% |
| Land and buildings | 22 | €11,640 | €17,046 | +€5,406 | +46.4% |
| Plant, machinery and equipment | 23 | €3,766 | €2,944 | -€822 | -21.8% |
| Furniture and vehicles | 24 | €3,945 | €3,664 | -€282 | -7.1% |
| Current assets | 29/58 | €126,254 | €114,650 | -€11,604 | -9.2% |
| Stocks and contracts in progress | 3 | €65,869 | €56,027 | -€9,842 | -14.9% |
| Stocks | 30/36 | €65,869 | €56,027 | -€9,842 | -14.9% |
| Amounts receivable within one year | 40/41 | €7,145 | €10,028 | +€2,883 | +40.3% |
| Trade receivables | 40 | €5,436 | €6,457 | +€1,021 | +18.8% |
| Other amounts receivable | 41 | €1,710 | €3,571 | +€1,862 | +108.9% |
| Cash at bank and in hand | 54/58 | €49,893 | €46,096 | -€3,797 | -7.6% |
| Deferred charges and accrued income | 490/1 | €3,347 | €2,499 | -€848 | -25.3% |
| Total equity and liabilities | 10/49 | €145,605 | €138,304 | -€7,302 | -5.0% |
| Equity | 10/15 | €119,007 | €127,807 | +€8,800 | +7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €99,007 | €107,807 | +€8,800 | +8.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,450 | €14,450 | = | 0.0% |
| Distributable reserves | 133 | €82,557 | €91,357 | +€8,800 | +10.7% |
| Amounts payable | 17/49 | €26,598 | €10,496 | -€16,102 | -60.5% |
| Amounts payable within one year | 42/48 | €26,598 | €9,578 | -€17,020 | -64.0% |
| Trade debts | 44 | €1,403 | €2,932 | +€1,529 | +109.0% |
| Suppliers | 440/4 | €1,403 | €2,932 | +€1,529 | +109.0% |
| Taxes, remuneration and social security | 45 | €4,593 | €6,646 | +€2,053 | +44.7% |
| Taxes | 450/3 | €4,593 | €6,646 | +€2,053 | +44.7% |
| Other amounts payable | 47/48 | €20,603 | €0 | -€20,603 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €919 | +€919 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,247 | €3,269 | +€22 | +0.7% |
| Other operating charges | 640/8 | €4,413 | €4,489 | +€76 | +1.7% |
| Gross operating margin | 9900 | €19,543 | €21,849 | +€2,306 | +11.8% |
| Operating profit (loss) | 9901 | €11,883 | €14,091 | +€2,207 | +18.6% |
| Financial income | 75/76B | €12 | €13 | +€0 | +3.0% |
| Recurring financial income | 75 | €12 | €13 | +€0 | +3.0% |
| Financial charges | 65/66B | €942 | €1,062 | +€120 | +12.7% |
| Recurring financial charges | 65 | €942 | €1,062 | +€120 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €10,954 | €13,042 | +€2,088 | +19.1% |
| Income taxes | 67/77 | €3,925 | €4,242 | +€316 | +8.1% |
| Profit (loss) for the period | 9904 | €7,028 | €8,800 | +€1,772 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,028 | €8,800 | +€1,772 | +25.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.