DECLERCQ: what changed
Two fiscal 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.
DECLERCQ
Largest movements
- Tangible fixed assets +€212,228
up €212,228 (+21.5%), from €989,212 to €1.2m
of which Land and buildings: +€225,621
- Cash -€169,276
down €169,276 (-91.6%), from €184,737 to €15,461
mainly Investment in fixed assets (net) (-€271,736) and Debts after one year (-€22,002)
- Current portion of long-term debt +€70,909
up €70,909 (+294.6%), from €24,067 to €94,976
- Debts after one year -€22,002
down €22,002 (-4.8%), from €460,193 to €438,191
- Depreciation -€11,256
down €11,256 (-15.9%), from €70,765 to €59,509
- Gross operating margin -€8,546
down €8,546 (-11.5%), from €74,608 to €66,062
- Other operating charges -€2,512
down €2,512 (-25.5%), from €9,857 to €7,345
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,178,871 | €1,222,000 | +€43,129 | +3.7% |
| Fixed assets | 21/28 | €989,212 | €1,201,440 | +€212,228 | +21.5% |
| Tangible fixed assets | 22/27 | €989,212 | €1,201,440 | +€212,228 | +21.5% |
| Land and buildings | 22 | €953,182 | €1,178,803 | +€225,621 | +23.7% |
| Furniture and vehicles | 24 | €36,030 | €22,637 | -€13,393 | -37.2% |
| Current assets | 29/58 | €189,659 | €20,561 | -€169,098 | -89.2% |
| Amounts receivable within one year | 40/41 | €4,922 | €100 | -€4,822 | -98.0% |
| Other amounts receivable | 41 | €4,922 | €100 | -€4,822 | -98.0% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €184,737 | €15,461 | -€169,276 | -91.6% |
| Total equity and liabilities | 10/49 | €1,178,871 | €1,222,000 | +€43,129 | +3.7% |
| Equity | 10/15 | €676,611 | €667,790 | -€8,821 | -1.3% |
| Contributions | 10/11 | €166,250 | €166,250 | = | 0.0% |
| Capital | 10 | €166,250 | €166,250 | = | 0.0% |
| Issued capital | 100 | €166,250 | €166,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €510,361 | €501,540 | -€8,821 | -1.7% |
| Amounts payable | 17/49 | €502,260 | €554,210 | +€51,950 | +10.3% |
| Amounts payable after more than one year | 17 | €460,193 | €438,191 | -€22,002 | -4.8% |
| Financial debts | 170/4 | €460,193 | €438,191 | -€22,002 | -4.8% |
| Amounts payable within one year | 42/48 | €42,067 | €116,019 | +€73,952 | +175.8% |
| Current portion of amounts payable after more than one year | 42 | €24,067 | €94,976 | +€70,909 | +294.6% |
| Financial debts | 43 | €12,600 | €14,908 | +€2,308 | +18.3% |
| Other loans | 439 | €12,600 | €14,908 | +€2,308 | +18.3% |
| Trade debts | 44 | - | €43 | +€43 | |
| Suppliers | 440/4 | - | €43 | +€43 | |
| Taxes, remuneration and social security | 45 | €5,400 | €6,092 | +€692 | +12.8% |
| Taxes | 450/3 | €5,400 | €6,092 | +€692 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,765 | €59,509 | -€11,256 | -15.9% |
| Other operating charges | 640/8 | €9,857 | €7,345 | -€2,512 | -25.5% |
| Gross operating margin | 9900 | €74,608 | €66,062 | -€8,546 | -11.5% |
| Operating profit (loss) | 9901 | -€6,014 | -€792 | +€5,222 | +86.8% |
| Financial income | 75/76B | €509 | €904 | +€395 | +77.6% |
| Recurring financial income | 75 | €509 | €904 | +€395 | +77.6% |
| Financial charges | 65/66B | €9,388 | €8,881 | -€507 | -5.4% |
| Recurring financial charges | 65 | €9,288 | €8,881 | -€407 | -4.4% |
| Non-recurring financial charges | 66B | €100 | - | -€100 | |
| Profit (loss) for the period before taxes | 9903 | -€14,893 | -€8,768 | +€6,125 | +41.1% |
| Profit (loss) for the period | 9904 | -€14,893 | -€8,768 | +€6,125 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,893 | -€8,768 | +€6,125 | +41.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.