DECLERCK JOACHIM: what changed
DECLERCK JOACHIM
Largest movements
- Tangible fixed assets +€456,222
up €456,222 (+9,621%), from €4,742 to €460,964
of which Land and buildings: +€451,321
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Receivables within one year -€30,768
down €30,768 (-69.3%), from €44,391 to €13,622
of which Other amounts receivable: -€21,212
- Cash +€25,278
up €25,278 (+129%), from €19,648 to €44,925
mainly Debts after one year (+€341,370) and Current investments (+€50,000)
- Debts after one year +€341,370
new in 2025: €341,370
- Other debts +€45,316
up €45,316 (+441%), from €10,277 to €55,593
- Current portion of long-term debt +€18,630
new in 2025: €18,630
- Reserves -€7,524
down €7,524 (-8.1%), from €92,636 to €85,112
of which Distributable reserves: -€7,524
- Trade debts +€7,258
up €7,258 (+625%), from €1,161 to €8,419
- Gross operating margin -€9,057
down €9,057 (-29.5%), from €30,668 to €21,611
- Taxes -€5,222
down €5,222 (-45.7%), from €11,428 to €6,206
- Financial charges +€1,638
up €1,638 (+651%), from €252 to €1,889
- Depreciation +€1,294
up €1,294 (+93.4%), from €1,386 to €2,680
- Financial income +€1,159
up €1,159 (+74.5%), from €1,556 to €2,716
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,573 | €525,562 | +€402,989 | +329% |
| Fixed assets | 21/28 | €6,917 | €463,389 | +€456,472 | +6,599% |
| Tangible fixed assets | 22/27 | €4,742 | €460,964 | +€456,222 | +9,621% |
| Land and buildings | 22 | €2,071 | €453,392 | +€451,321 | +21,793% |
| Furniture and vehicles | 24 | €2,671 | €7,572 | +€4,901 | +183% |
| Financial fixed assets | 28 | €2,175 | €2,425 | +€250 | +11.5% |
| Current assets | 29/58 | €115,656 | €62,173 | -€53,483 | -46.2% |
| Amounts receivable within one year | 40/41 | €44,391 | €13,622 | -€30,768 | -69.3% |
| Trade receivables | 40 | €23,178 | €13,622 | -€9,556 | -41.2% |
| Other amounts receivable | 41 | €21,212 | €0 | -€21,212 | -100% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €19,648 | €44,925 | +€25,278 | +129% |
| Deferred charges and accrued income | 490/1 | €1,618 | €3,626 | +€2,008 | +124% |
| Total equity and liabilities | 10/49 | €122,573 | €525,562 | +€402,989 | +329% |
| Equity | 10/15 | €105,636 | €98,112 | -€7,524 | -7.1% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €92,636 | €85,112 | -€7,524 | -8.1% |
| 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 | €1,135 | €1,135 | = | 0.0% |
| Distributable reserves | 133 | €89,501 | €81,977 | -€7,524 | -8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,937 | €427,450 | +€410,513 | +2,424% |
| Amounts payable after more than one year | 17 | - | €341,370 | +€341,370 | |
| Financial debts | 170/4 | - | €341,370 | +€341,370 | |
| Amounts payable within one year | 42/48 | €16,937 | €86,081 | +€69,144 | +408% |
| Current portion of amounts payable after more than one year | 42 | - | €18,630 | +€18,630 | |
| Trade debts | 44 | €1,161 | €8,419 | +€7,258 | +625% |
| Suppliers | 440/4 | €1,161 | €8,419 | +€7,258 | +625% |
| Taxes, remuneration and social security | 45 | €5,499 | €3,438 | -€2,061 | -37.5% |
| Taxes | 450/3 | €3,999 | €1,938 | -€2,061 | -51.5% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €10,277 | €55,593 | +€45,316 | +441% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,386 | €2,680 | +€1,294 | +93.4% |
| Other operating charges | 640/8 | €105 | €766 | +€661 | +629% |
| Gross operating margin | 9900 | €30,668 | €21,611 | -€9,057 | -29.5% |
| Operating profit (loss) | 9901 | €29,177 | €18,165 | -€11,012 | -37.7% |
| Financial income | 75/76B | €1,556 | €2,716 | +€1,159 | +74.5% |
| Recurring financial income | 75 | €1,556 | €2,716 | +€1,159 | +74.5% |
| Financial charges | 65/66B | €252 | €1,889 | +€1,638 | +651% |
| Recurring financial charges | 65 | €252 | €1,889 | +€1,638 | +651% |
| Profit (loss) for the period before taxes | 9903 | €30,482 | €18,991 | -€11,491 | -37.7% |
| Income taxes | 67/77 | €11,428 | €6,206 | -€5,222 | -45.7% |
| Profit (loss) for the period | 9904 | €19,053 | €12,785 | -€6,268 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,053 | €12,785 | -€6,268 | -32.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.