Declerck Consult: 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.
Declerck Consult
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+191%), from €687,387 to €2.0m
of which Land and buildings: +€1.3m
- Financial fixed assets +€328,723
up €328,723 (+168%), from €196,134 to €524,857
- Cash +€48,277
up €48,277 (+2,414%), from €2,000 to €50,277
mainly Debts after one year (+€1.1m) and Other debts (+€367,048)
- Receivables within one year -€47,523
down €47,523 (-46.3%), from €102,679 to €55,156
of which Trade receivables: -€48,083
- Current investments -€44,000
down €44,000 (-88.0%), from €50,000 to €6,000
- Debts after one year +€1.1m
up €1.1m (+180%), from €588,895 to €1.6m
- Other debts +€367,048
up €367,048 (+163%), from €224,559 to €591,607
- Reserves +€141,803
up €141,803 (+102%), from €138,576 to €280,379
- Current portion of long-term debt +€43,300
up €43,300 (+54.8%), from €79,070 to €122,370
- Gross operating margin +€229,089
up €229,089 (+124%), from €185,397 to €414,486
- Depreciation +€102,831
up €102,831 (+116%), from €88,984 to €191,814
- Financial charges +€26,669
up €26,669 (+763%), from €3,495 to €30,164
- Taxes +€25,199
up €25,199 (+100%), from €25,186 to €50,385
- Other operating charges +€4,446
up €4,446 (+487%), from €914 to €5,360
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 | €1,039,033 | €2,644,813 | +€1.6m | +155% |
| Fixed assets | 21/28 | €883,521 | €2,525,346 | +€1.6m | +186% |
| Tangible fixed assets | 22/27 | €687,387 | €2,000,489 | +€1.3m | +191% |
| Land and buildings | 22 | €654,460 | €1,968,482 | +€1.3m | +201% |
| Plant, machinery and equipment | 23 | €677 | €168 | -€510 | -75.3% |
| Furniture and vehicles | 24 | €30,393 | €30,467 | +€73 | +0.2% |
| Other tangible fixed assets | 26 | €1,857 | €1,373 | -€484 | -26.1% |
| Financial fixed assets | 28 | €196,134 | €524,857 | +€328,723 | +168% |
| Current assets | 29/58 | €155,512 | €119,467 | -€36,045 | -23.2% |
| Amounts receivable within one year | 40/41 | €102,679 | €55,156 | -€47,523 | -46.3% |
| Trade receivables | 40 | €52,505 | €4,422 | -€48,083 | -91.6% |
| Other amounts receivable | 41 | €50,174 | €50,734 | +€560 | +1.1% |
| Current investments | 50/53 | €50,000 | €6,000 | -€44,000 | -88.0% |
| Cash at bank and in hand | 54/58 | €2,000 | €50,277 | +€48,277 | +2,414% |
| Deferred charges and accrued income | 490/1 | €833 | €8,034 | +€7,201 | +864% |
| Total equity and liabilities | 10/49 | €1,039,033 | €2,644,813 | +€1.6m | +155% |
| Equity | 10/15 | €139,576 | €281,379 | +€141,803 | +102% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €138,576 | €280,379 | +€141,803 | +102% |
| Distributable reserves | 133 | €138,576 | €280,379 | +€141,803 | +102% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €899,457 | €2,363,433 | +€1.5m | +163% |
| Amounts payable after more than one year | 17 | €588,895 | €1,648,904 | +€1.1m | +180% |
| Financial debts | 170/4 | €588,895 | €1,648,904 | +€1.1m | +180% |
| Amounts payable within one year | 42/48 | €309,248 | €714,529 | +€405,281 | +131% |
| Current portion of amounts payable after more than one year | 42 | €79,070 | €122,370 | +€43,300 | +54.8% |
| Financial debts | 43 | €2,142 | €552 | -€1,590 | -74.2% |
| Credit institutions | 430/8 | €2,142 | €552 | -€1,590 | -74.2% |
| Trade debts | 44 | €178 | €0 | -€178 | -100% |
| Suppliers | 440/4 | €178 | €0 | -€178 | -100% |
| Taxes, remuneration and social security | 45 | €3,300 | €0 | -€3,300 | -100% |
| Taxes | 450/3 | €3,300 | €0 | -€3,300 | -100% |
| Other amounts payable | 47/48 | €224,559 | €591,607 | +€367,048 | +163% |
| Accrued charges and deferred income | 492/3 | €1,314 | €0 | -€1,314 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,984 | €191,814 | +€102,831 | +116% |
| Other operating charges | 640/8 | €914 | €5,360 | +€4,446 | +487% |
| Gross operating margin | 9900 | €185,397 | €414,486 | +€229,089 | +124% |
| Operating profit (loss) | 9901 | €95,499 | €217,312 | +€121,812 | +128% |
| Financial income | 75/76B | €1,199 | €5,041 | +€3,842 | +320% |
| Recurring financial income | 75 | €1,199 | €5,041 | +€3,842 | +320% |
| Financial charges | 65/66B | €3,495 | €30,164 | +€26,669 | +763% |
| Recurring financial charges | 65 | €3,495 | €30,164 | +€26,669 | +763% |
| Profit (loss) for the period before taxes | 9903 | €93,203 | €192,188 | +€98,985 | +106% |
| Income taxes | 67/77 | €25,186 | €50,385 | +€25,199 | +100% |
| Profit (loss) for the period | 9904 | €68,017 | €141,803 | +€73,786 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €68,017 | €141,803 | +€73,786 | +108% |
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 19 October 2026 via checked.be.