DECLERCK & PARTNERS: what changed
DECLERCK & PARTNERS
Largest movements
- Receivables within one year +€43,994
up €43,994 (+29.5%), from €149,308 to €193,302
of which Trade receivables: +€45,584
- Cash -€32,926
down €32,926 (-23.1%), from €142,307 to €109,381
mainly Receivables within one year (-€43,994) and Contributions, distributions and other (-€41,855)
- Tangible fixed assets -€8,561
down €8,561 (-45.8%), from €18,674 to €10,113
of which Other tangible fixed assets: -€10,640
- Reserves -€33,961
down €33,961 (-24.3%), from €139,489 to €105,528
- Other debts +€32,892
up €32,892 (+367%), from €8,964 to €41,855
- Tax, wage and social debts +€8,009
up €8,009 (+35.8%), from €22,376 to €30,384
- Trade debts -€6,003
down €6,003 (-9.3%), from €64,371 to €58,367
- Accrued charges and deferred income +€6,000
new in 2025: €6,000
- Gross operating margin -€45,100
down €45,100 (-59.2%), from €76,224 to €31,124
- Taxes -€12,301
down €12,301 (-69.0%), from €17,839 to €5,538
- Depreciation -€2,368
down €2,368 (-16.3%), from €14,556 to €12,188
- Financial charges +€1,186
up €1,186 (+29.7%), from €4,000 to €5,187
- Other operating charges -€1,069
down €1,069 (-71.9%), from €1,487 to €418
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 | €310,774 | €313,281 | +€2,507 | +0.8% |
| Fixed assets | 21/28 | €18,674 | €10,113 | -€8,561 | -45.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €18,674 | €10,113 | -€8,561 | -45.8% |
| Plant, machinery and equipment | 23 | €1,438 | - | -€1,438 | |
| Furniture and vehicles | 24 | €0 | €3,517 | +€3,517 | |
| Other tangible fixed assets | 26 | €17,236 | €6,596 | -€10,640 | -61.7% |
| Current assets | 29/58 | €292,100 | €303,168 | +€11,068 | +3.8% |
| Amounts receivable within one year | 40/41 | €149,308 | €193,302 | +€43,994 | +29.5% |
| Trade receivables | 40 | €129,275 | €174,860 | +€45,584 | +35.3% |
| Other amounts receivable | 41 | €20,033 | €18,442 | -€1,590 | -7.9% |
| Cash at bank and in hand | 54/58 | €142,307 | €109,381 | -€32,926 | -23.1% |
| Deferred charges and accrued income | 490/1 | €485 | €485 | = | 0.0% |
| Total equity and liabilities | 10/49 | €310,774 | €313,281 | +€2,507 | +0.8% |
| Equity | 10/15 | €160,489 | €126,528 | -€33,961 | -21.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €139,489 | €105,528 | -€33,961 | -24.3% |
| Distributable reserves | 133 | €139,489 | €105,528 | -€33,961 | -24.3% |
| Provisions and deferred taxes | 16 | €24,720 | €24,720 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,720 | €24,720 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,720 | €24,720 | = | 0.0% |
| Amounts payable | 17/49 | €125,565 | €162,032 | +€36,468 | +29.0% |
| Amounts payable after more than one year | 17 | €25,411 | €20,913 | -€4,497 | -17.7% |
| Financial debts | 170/4 | €25,411 | €20,913 | -€4,497 | -17.7% |
| Amounts payable within one year | 42/48 | €100,154 | €135,119 | +€34,965 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €4,444 | €4,497 | +€53 | +1.2% |
| Financial debts | 43 | - | €15 | +€15 | |
| Credit institutions | 430/8 | - | €15 | +€15 | |
| Trade debts | 44 | €64,371 | €58,367 | -€6,003 | -9.3% |
| Suppliers | 440/4 | €64,371 | €58,367 | -€6,003 | -9.3% |
| Taxes, remuneration and social security | 45 | €22,376 | €30,384 | +€8,009 | +35.8% |
| Taxes | 450/3 | €22,376 | €30,384 | +€8,009 | +35.8% |
| Other amounts payable | 47/48 | €8,964 | €41,855 | +€32,892 | +367% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Non-recurring operating income | 76A | - | €4,500 | +€4,500 | |
| Remuneration, social security and pensions | 62 | €34 | - | -€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,556 | €12,188 | -€2,368 | -16.3% |
| Other operating charges | 640/8 | €1,487 | €418 | -€1,069 | -71.9% |
| Gross operating margin | 9900 | €76,224 | €31,124 | -€45,100 | -59.2% |
| Operating profit (loss) | 9901 | €60,148 | €18,518 | -€41,630 | -69.2% |
| Financial income | 75/76B | €715 | €101 | -€614 | -85.9% |
| Recurring financial income | 75 | €715 | €101 | -€614 | -85.9% |
| Financial charges | 65/66B | €4,000 | €5,187 | +€1,186 | +29.7% |
| Recurring financial charges | 65 | €4,000 | €5,187 | +€1,186 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €56,862 | €13,432 | -€43,430 | -76.4% |
| Income taxes | 67/77 | €17,839 | €5,538 | -€12,301 | -69.0% |
| Profit (loss) for the period | 9904 | €39,023 | €7,895 | -€31,129 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,023 | €7,895 | -€31,129 | -79.8% |
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 2 November 2026 via checked.be.