DECLERCQ: 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.
DECLERCQ
Largest movements
- Current investments +€134,703
up €134,703 (+26.8%), from €502,920 to €637,623
- Receivables within one year -€24,723
no longer reported in 2026 (was €24,723)
- Receivables after one year +€23,601
new in 2026: €23,601
- Tangible fixed assets -€15,700
down €15,700 (-24.4%), from €64,398 to €48,699
of which Furniture and vehicles: -€56,147
- Reserves +€107,116
up €107,116 (+17.4%), from €616,664 to €723,781
of which Distributable reserves: +€107,116
- Taxes +€10,204
up €10,204 (+13.1%), from €78,005 to €88,209
- Gross operating margin +€9,589
up €9,589 (+4.6%), from €208,479 to €218,067
- Financial income -€2,462
down €2,462 (-34.1%), from €7,230 to €4,768
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.
Cash bridge derived
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 | €715,268 | €837,937 | +€122,669 | +17.2% |
| Fixed assets | 21/28 | €64,398 | €48,699 | -€15,700 | -24.4% |
| Tangible fixed assets | 22/27 | €64,398 | €48,699 | -€15,700 | -24.4% |
| Land and buildings | 22 | - | €4,802 | +€4,802 | |
| Plant, machinery and equipment | 23 | €8,251 | €43,896 | +€35,645 | +432.0% |
| Furniture and vehicles | 24 | €56,147 | - | -€56,147 | |
| Current assets | 29/58 | €650,870 | €789,239 | +€138,369 | +21.3% |
| Amounts receivable after more than one year | 29 | - | €23,601 | +€23,601 | |
| Trade receivables | 290 | - | €23,601 | +€23,601 | |
| Amounts receivable within one year | 40/41 | €24,723 | - | -€24,723 | |
| Trade receivables | 40 | €24,723 | - | -€24,723 | |
| Current investments | 50/53 | €502,920 | €637,623 | +€134,703 | +26.8% |
| Cash at bank and in hand | 54/58 | €121,026 | €128,015 | +€6,988 | +5.8% |
| Deferred charges and accrued income | 490/1 | €2,200 | - | -€2,200 | |
| Total equity and liabilities | 10/49 | €715,268 | €837,937 | +€122,669 | +17.2% |
| Equity | 10/15 | €626,893 | €734,009 | +€107,116 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €616,664 | €723,781 | +€107,116 | +17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,228 | €14,228 | = | 0.0% |
| Distributable reserves | 133 | €600,576 | €707,693 | +€107,116 | +17.8% |
| Profit (loss) carried forward | 14 | -€8,371 | -€8,371 | = | 0.0% |
| Amounts payable | 17/49 | €88,375 | €103,928 | +€15,553 | +17.6% |
| Amounts payable within one year | 42/48 | €83,438 | €94,200 | +€10,761 | +12.9% |
| Taxes, remuneration and social security | 45 | €17,357 | €24,916 | +€7,560 | +43.6% |
| Taxes | 450/3 | €17,357 | €24,916 | +€7,560 | +43.6% |
| Other amounts payable | 47/48 | €66,082 | €69,283 | +€3,202 | +4.8% |
| Accrued charges and deferred income | 492/3 | €4,937 | €9,729 | +€4,792 | +97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,552 | €20,896 | +€345 | +1.7% |
| Other operating charges | 640/8 | €871 | €941 | +€70 | +8.1% |
| Gross operating margin | 9900 | €208,479 | €218,067 | +€9,589 | +4.6% |
| Operating profit (loss) | 9901 | €187,057 | €196,230 | +€9,174 | +4.9% |
| Financial income | 75/76B | €7,230 | €4,768 | -€2,462 | -34.1% |
| Recurring financial income | 75 | €7,230 | €4,768 | -€2,462 | -34.1% |
| Financial charges | 65/66B | €6,014 | €5,673 | -€341 | -5.7% |
| Recurring financial charges | 65 | €6,014 | €5,673 | -€341 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €188,272 | €195,325 | +€7,053 | +3.7% |
| Income taxes | 67/77 | €78,005 | €88,209 | +€10,204 | +13.1% |
| Profit (loss) for the period | 9904 | €110,267 | €107,116 | -€3,151 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,267 | €107,116 | -€3,151 | -2.9% |
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 11 October 2026 via checked.be.