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
- Cash +€217,943
up €217,943 (+165.5%), from €131,665 to €349,608
mainly Current investments (+€200,000) and Other debts (+€139,400)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets -€27,024
down €27,024 (-15.6%), from €172,864 to €145,839
of which Furniture and vehicles: -€25,567
- Stocks and contracts -€14,833
down €14,833 (-6.0%), from €249,012 to €234,179
- Receivables within one year +€13,017
up €13,017 (+43.5%), from €29,910 to €42,928
of which Other amounts receivable: +€12,732
- Other debts +€139,400
up €139,400 (+284.5%), from €49,000 to €188,400
- Reserves -€111,767
down €111,767 (-26.9%), from €414,915 to €303,148
of which Distributable reserves: -€111,767
- Advances received -€60,825
down €60,825 (-57.7%), from €105,414 to €44,589
- Trade debts +€22,142
up €22,142 (+241.8%), from €9,157 to €31,299
- Gross operating margin -€25,407
down €25,407 (-10.6%), from €240,718 to €215,310
- Depreciation +€6,657
up €6,657 (+19.5%), from €34,182 to €40,839
- Staff costs +€4,450
up €4,450 (+7.5%), from €59,233 to €63,682
- Financial income +€3,783
up €3,783 (+343.6%), from €1,101 to €4,883
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 | €796,599 | €786,619 | -€9,980 | -1.3% |
| Fixed assets | 21/28 | €173,616 | €146,105 | -€27,511 | -15.8% |
| Intangible fixed assets | 21 | €752 | €265 | -€487 | -64.7% |
| Tangible fixed assets | 22/27 | €172,864 | €145,839 | -€27,024 | -15.6% |
| Land and buildings | 22 | €43,402 | €38,720 | -€4,682 | -10.8% |
| Plant, machinery and equipment | 23 | €29,914 | €33,138 | +€3,224 | +10.8% |
| Furniture and vehicles | 24 | €99,547 | €73,981 | -€25,567 | -25.7% |
| Current assets | 29/58 | €622,983 | €640,514 | +€17,532 | +2.8% |
| Stocks and contracts in progress | 3 | €249,012 | €234,179 | -€14,833 | -6.0% |
| Stocks | 30/36 | €249,012 | €234,179 | -€14,833 | -6.0% |
| Amounts receivable within one year | 40/41 | €29,910 | €42,928 | +€13,017 | +43.5% |
| Trade receivables | 40 | €29,910 | €30,196 | +€285 | +1.0% |
| Other amounts receivable | 41 | - | €12,732 | +€12,732 | |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €131,665 | €349,608 | +€217,943 | +165.5% |
| Deferred charges and accrued income | 490/1 | €12,396 | €13,799 | +€1,404 | +11.3% |
| Total equity and liabilities | 10/49 | €796,599 | €786,619 | -€9,980 | -1.3% |
| Equity | 10/15 | €588,515 | €476,748 | -€111,767 | -19.0% |
| Contributions | 10/11 | €173,600 | €173,600 | = | 0.0% |
| Capital | 10 | €173,600 | €173,600 | = | 0.0% |
| Issued capital | 100 | €173,600 | €173,600 | = | 0.0% |
| Reserves | 13 | €414,915 | €303,148 | -€111,767 | -26.9% |
| Non-distributable reserves | 130/1 | €17,360 | €17,360 | = | 0.0% |
| Legal reserve | 130 | €17,360 | €17,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,268 | €12,268 | = | 0.0% |
| Distributable reserves | 133 | €385,287 | €273,520 | -€111,767 | -29.0% |
| Amounts payable | 17/49 | €208,084 | €309,871 | +€101,788 | +48.9% |
| Amounts payable within one year | 42/48 | €208,045 | €308,671 | +€100,626 | +48.4% |
| Trade debts | 44 | €9,157 | €31,299 | +€22,142 | +241.8% |
| Suppliers | 440/4 | €9,157 | €31,299 | +€22,142 | +241.8% |
| Advances received on contracts in progress | 46 | €105,414 | €44,589 | -€60,825 | -57.7% |
| Taxes, remuneration and social security | 45 | €44,474 | €44,384 | -€90 | -0.2% |
| Taxes | 450/3 | €27,406 | €24,506 | -€2,900 | -10.6% |
| Remuneration and social security | 454/9 | €17,068 | €19,878 | +€2,810 | +16.5% |
| Other amounts payable | 47/48 | €49,000 | €188,400 | +€139,400 | +284.5% |
| Accrued charges and deferred income | 492/3 | €39 | €1,200 | +€1,161 | +3008.8% |
| Remuneration, social security and pensions | 62 | €59,233 | €63,682 | +€4,450 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,182 | €40,839 | +€6,657 | +19.5% |
| Other operating charges | 640/8 | €4,058 | €4,667 | +€610 | +15.0% |
| Gross operating margin | 9900 | €240,718 | €215,310 | -€25,407 | -10.6% |
| Operating profit (loss) | 9901 | €143,246 | €106,122 | -€37,124 | -25.9% |
| Financial income | 75/76B | €1,101 | €4,883 | +€3,783 | +343.6% |
| Recurring financial income | 75 | €1,101 | €4,883 | +€3,783 | +343.6% |
| Financial charges | 65/66B | €518 | €245 | -€274 | -52.8% |
| Recurring financial charges | 65 | €518 | €245 | -€274 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €143,828 | €110,761 | -€33,068 | -23.0% |
| Income taxes | 67/77 | €34,151 | €34,128 | -€23 | -0.1% |
| Profit (loss) for the period | 9904 | €109,678 | €76,633 | -€33,045 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,678 | €76,633 | -€33,045 | -30.1% |
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.