DECLERCK STIJN: 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 STIJN
Largest movements
- Tangible fixed assets +€92,346
new in 2025: €92,346
- Receivables within one year +€82,784
up €82,784 (+2,281%), from €3,630 to €86,414
- Cash +€68,202
up €68,202 (+181%), from €37,616 to €105,818
mainly Net result for the year (+€237,911) and Depreciation (+€38,251)
- Reserves +€237,911
up €237,911 (+825%), from €28,826 to €266,737
- Tax, wage and social debts +€5,258
up €5,258 (+53.7%), from €9,793 to €15,051
of which Taxes: +€5,241
- Gross operating margin +€345,863
up €345,863 (+3,553%), from €9,733 to €355,596
- Taxes +€77,407
up €77,407 (+4,080%), from €1,897 to €79,304
- Depreciation +€38,251
up €38,251, from €0 to €38,251
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 | €41,246 | €284,578 | +€243,332 | +590% |
| Fixed assets | 21/28 | - | €92,346 | +€92,346 | |
| Tangible fixed assets | 22/27 | - | €92,346 | +€92,346 | |
| Land and buildings | 22 | - | €92,346 | +€92,346 | |
| Current assets | 29/58 | €41,246 | €192,232 | +€150,987 | +366% |
| Amounts receivable within one year | 40/41 | €3,630 | €86,414 | +€82,784 | +2,281% |
| Trade receivables | 40 | €3,630 | €86,414 | +€82,784 | +2,281% |
| Cash at bank and in hand | 54/58 | €37,616 | €105,818 | +€68,202 | +181% |
| Total equity and liabilities | 10/49 | €41,246 | €284,578 | +€243,332 | +590% |
| Equity | 10/15 | €29,826 | €267,737 | +€237,911 | +798% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €28,826 | €266,737 | +€237,911 | +825% |
| Distributable reserves | 133 | €28,826 | €266,737 | +€237,911 | +825% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €11,419 | €16,841 | +€5,422 | +47.5% |
| Amounts payable within one year | 42/48 | €11,419 | €16,841 | +€5,422 | +47.5% |
| Trade debts | 44 | €280 | €382 | +€102 | +36.3% |
| Suppliers | 440/4 | €280 | €382 | +€102 | +36.3% |
| Taxes, remuneration and social security | 45 | €9,793 | €15,051 | +€5,258 | +53.7% |
| Taxes | 450/3 | €7,836 | €13,077 | +€5,241 | +66.9% |
| Remuneration and social security | 454/9 | €1,957 | €1,974 | +€17 | +0.9% |
| Other amounts payable | 47/48 | €1,347 | €1,408 | +€62 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €38,251 | +€38,251 | |
| Other operating charges | 640/8 | €126 | €0 | -€126 | -100% |
| Gross operating margin | 9900 | €9,733 | €355,596 | +€345,863 | +3,553% |
| Operating profit (loss) | 9901 | €9,607 | €317,345 | +€307,738 | +3,203% |
| Financial charges | 65/66B | €122 | €131 | +€9 | +7.2% |
| Recurring financial charges | 65 | €122 | €131 | +€9 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €9,485 | €317,214 | +€307,729 | +3,244% |
| Income taxes | 67/77 | €1,897 | €79,304 | +€77,407 | +4,080% |
| Profit (loss) for the period | 9904 | €7,588 | €237,911 | +€230,322 | +3,035% |
| Profit (loss) for the period to be appropriated | 9905 | €7,588 | €237,911 | +€230,322 | +3,035% |
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 27 October 2026 via checked.be.