DECLERCK STEVE: 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 STEVE
Largest movements
- Cash -€59,885
down €59,885 (-61.8%), from €96,915 to €37,030
mainly Contributions, distributions and other (-€98,824) and Debts after one year (-€21,223)
- Tangible fixed assets -€9,652
down €9,652 (-15.2%), from €63,328 to €53,676
- Receivables within one year -€9,010
down €9,010 (-82.3%), from €10,943 to €1,933
of which Other amounts receivable: -€9,335
- Reserves -€46,259
down €46,259 (-19.0%), from €242,857 to €196,598
- Debts after one year -€21,223
down €21,223 (-54.2%), from €39,128 to €17,905
- Current portion of long-term debt -€3,728
down €3,728 (-15.8%), from €23,601 to €19,873
- Gross operating margin +€54,277
up €54,277 (+81.6%), from €66,508 to €120,785
- Staff costs +€20,964
up €20,964 (+49.4%), from €42,402 to €63,366
- Financial income +€19,995
up €19,995 (+423,629%), from €5 to €20,000
- Taxes +€4,543
up €4,543 (+109%), from €4,175 to €8,718
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,081 | €265,112 | -€74,970 | -22.0% |
| Fixed assets | 21/28 | €225,328 | €215,676 | -€9,652 | -4.3% |
| Tangible fixed assets | 22/27 | €63,328 | €53,676 | -€9,652 | -15.2% |
| Land and buildings | 22 | €1,973 | €1,480 | -€493 | -25.0% |
| Plant, machinery and equipment | 23 | €46,542 | €42,331 | -€4,211 | -9.0% |
| Furniture and vehicles | 24 | €12,647 | €8,319 | -€4,328 | -34.2% |
| Other tangible fixed assets | 26 | €2,166 | €1,546 | -€620 | -28.6% |
| Financial fixed assets | 28 | €162,000 | €162,000 | = | 0.0% |
| Current assets | 29/58 | €114,754 | €49,436 | -€65,318 | -56.9% |
| Stocks and contracts in progress | 3 | €5,720 | €5,965 | +€245 | +4.3% |
| Stocks | 30/36 | €5,720 | €5,965 | +€245 | +4.3% |
| Amounts receivable within one year | 40/41 | €10,943 | €1,933 | -€9,010 | -82.3% |
| Trade receivables | 40 | €18 | €343 | +€325 | +1,760% |
| Other amounts receivable | 41 | €10,925 | €1,590 | -€9,335 | -85.4% |
| Cash at bank and in hand | 54/58 | €96,915 | €37,030 | -€59,885 | -61.8% |
| Deferred charges and accrued income | 490/1 | €1,176 | €4,508 | +€3,332 | +283% |
| Total equity and liabilities | 10/49 | €340,081 | €265,112 | -€74,970 | -22.0% |
| Equity | 10/15 | €261,457 | €215,198 | -€46,259 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,857 | €196,598 | -€46,259 | -19.0% |
| Distributable reserves | 133 | €242,857 | €196,598 | -€46,259 | -19.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €78,624 | €49,914 | -€28,711 | -36.5% |
| Amounts payable after more than one year | 17 | €39,128 | €17,905 | -€21,223 | -54.2% |
| Financial debts | 170/4 | €39,128 | €17,905 | -€21,223 | -54.2% |
| Amounts payable within one year | 42/48 | €39,497 | €32,009 | -€7,488 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €23,601 | €19,873 | -€3,728 | -15.8% |
| Trade debts | 44 | €5,167 | €3,164 | -€2,003 | -38.8% |
| Suppliers | 440/4 | €5,167 | €3,164 | -€2,003 | -38.8% |
| Taxes, remuneration and social security | 45 | €9,461 | €8,372 | -€1,089 | -11.5% |
| Taxes | 450/3 | €2,472 | €1,230 | -€1,242 | -50.2% |
| Remuneration and social security | 454/9 | €6,989 | €7,142 | +€153 | +2.2% |
| Other amounts payable | 47/48 | €1,268 | €600 | -€668 | -52.7% |
| Remuneration, social security and pensions | 62 | €42,402 | €63,366 | +€20,964 | +49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,368 | €10,846 | +€478 | +4.6% |
| Other operating charges | 640/8 | €3,222 | €3,757 | +€534 | +16.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €66,508 | €120,785 | +€54,277 | +81.6% |
| Operating profit (loss) | 9901 | €10,515 | €42,816 | +€32,301 | +307% |
| Financial income | 75/76B | €5 | €20,000 | +€19,995 | +423,629% |
| Recurring financial income | 75 | €5 | €20,000 | +€19,995 | +423,629% |
| Financial charges | 65/66B | €1,842 | €1,534 | -€308 | -16.7% |
| Recurring financial charges | 65 | €1,842 | €1,534 | -€308 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €8,678 | €61,283 | +€52,604 | +606% |
| Income taxes | 67/77 | €4,175 | €8,718 | +€4,543 | +109% |
| Profit (loss) for the period | 9904 | €4,503 | €52,564 | +€48,061 | +1,067% |
| Profit (loss) for the period to be appropriated | 9905 | €4,503 | €52,564 | +€48,061 | +1,067% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.