DECLERCQ ANDY: 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 ANDY
Largest movements
- Stocks and contracts -€129,811
down €129,811 (-41.8%), from €310,552 to €180,741
- Receivables within one year +€78,938
up €78,938 (+41.1%), from €192,042 to €270,980
of which Trade receivables: +€61,195
- Receivables after one year +€69,980
up €69,980 (+13.8%), from €506,277 to €576,257
- Tangible fixed assets +€35,906
up €35,906 (+7.3%), from €492,147 to €528,053
of which Furniture and vehicles: +€22,059
- Deferred charges and accrued income +€19,329
up €19,329 (+537.4%), from €3,597 to €22,926
- Debts after one year -€74,302
down €74,302 (-13.0%), from €570,628 to €496,326
of which Other amounts payable: -€40,374
- Trade debts +€69,519
up €69,519 (+15.4%), from €450,314 to €519,834
- Reserves +€50,794
up €50,794 (+43.1%), from €117,935 to €168,729
of which Distributable reserves: +€50,794
- Current portion of long-term debt -€24,382
down €24,382 (-41.8%), from €58,311 to €33,929
- Accrued charges and deferred income +€23,045
up €23,045 (+179.1%), from €12,866 to €35,911
- Gross operating margin +€188,857
up €188,857 (+61.9%), from €304,996 to €493,853
- Staff costs +€82,457
up €82,457 (+34.3%), from €240,166 to €322,623
- Depreciation +€13,461
up €13,461 (+17.6%), from €76,653 to €90,114
- Financial income +€5,535
up €5,535 (+35.5%), from €15,575 to €21,111
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.
Cash bridge derived
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 | €1,548,830 | €1,611,239 | +€62,409 | +4.0% |
| Fixed assets | 21/28 | €501,268 | €537,173 | +€35,906 | +7.2% |
| Tangible fixed assets | 22/27 | €492,147 | €528,053 | +€35,906 | +7.3% |
| Land and buildings | 22 | €241,631 | €245,974 | +€4,342 | +1.8% |
| Plant, machinery and equipment | 23 | €168,926 | €178,431 | +€9,505 | +5.6% |
| Furniture and vehicles | 24 | €81,590 | €103,649 | +€22,059 | +27.0% |
| Financial fixed assets | 28 | €9,120 | €9,120 | = | 0.0% |
| Current assets | 29/58 | €1,047,562 | €1,074,066 | +€26,503 | +2.5% |
| Amounts receivable after more than one year | 29 | €506,277 | €576,257 | +€69,980 | +13.8% |
| Other amounts receivable | 291 | €506,277 | €576,257 | +€69,980 | +13.8% |
| Stocks and contracts in progress | 3 | €310,552 | €180,741 | -€129,811 | -41.8% |
| Stocks | 30/36 | €310,552 | €180,741 | -€129,811 | -41.8% |
| Amounts receivable within one year | 40/41 | €192,042 | €270,980 | +€78,938 | +41.1% |
| Trade receivables | 40 | €181,872 | €243,067 | +€61,195 | +33.6% |
| Other amounts receivable | 41 | €10,170 | €27,913 | +€17,743 | +174.5% |
| Cash at bank and in hand | 54/58 | €35,094 | €23,162 | -€11,932 | -34.0% |
| Deferred charges and accrued income | 490/1 | €3,597 | €22,926 | +€19,329 | +537.4% |
| Total equity and liabilities | 10/49 | €1,548,830 | €1,611,239 | +€62,409 | +4.0% |
| Equity | 10/15 | €153,935 | €204,729 | +€50,794 | +33.0% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €117,935 | €168,729 | +€50,794 | +43.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,659 | €1,659 | = | 0.0% |
| Distributable reserves | 133 | €116,275 | €167,069 | +€50,794 | +43.7% |
| Amounts payable | 17/49 | €1,394,895 | €1,406,511 | +€11,616 | +0.8% |
| Amounts payable after more than one year | 17 | €570,628 | €496,326 | -€74,302 | -13.0% |
| Financial debts | 170/4 | €443,750 | €409,821 | -€33,929 | -7.6% |
| Other amounts payable | 178/9 | €126,879 | €86,505 | -€40,374 | -31.8% |
| Amounts payable within one year | 42/48 | €811,401 | €874,274 | +€62,873 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €58,311 | €33,929 | -€24,382 | -41.8% |
| Financial debts | 43 | €275,000 | €275,000 | = | 0.0% |
| Credit institutions | 430/8 | €275,000 | €275,000 | = | 0.0% |
| Trade debts | 44 | €450,314 | €519,834 | +€69,519 | +15.4% |
| Suppliers | 440/4 | €450,314 | €519,834 | +€69,519 | +15.4% |
| Taxes, remuneration and social security | 45 | €25,794 | €40,443 | +€14,649 | +56.8% |
| Taxes | 450/3 | €849 | €18,708 | +€17,859 | +2103.6% |
| Remuneration and social security | 454/9 | €24,945 | €21,735 | -€3,210 | -12.9% |
| Other amounts payable | 47/48 | €1,981 | €5,068 | +€3,087 | +155.8% |
| Accrued charges and deferred income | 492/3 | €12,866 | €35,911 | +€23,045 | +179.1% |
| Non-recurring operating income | 76A | €9,000 | €17,933 | +€8,933 | +99.3% |
| Remuneration, social security and pensions | 62 | €240,166 | €322,623 | +€82,457 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,653 | €90,114 | +€13,461 | +17.6% |
| Other operating charges | 640/8 | €16,652 | €17,013 | +€361 | +2.2% |
| Gross operating margin | 9900 | €304,996 | €493,853 | +€188,857 | +61.9% |
| Operating profit (loss) | 9901 | -€28,474 | €64,103 | +€92,577 | |
| Financial income | 75/76B | €15,575 | €21,111 | +€5,535 | +35.5% |
| Recurring financial income | 75 | €15,575 | €21,111 | +€5,535 | +35.5% |
| Financial charges | 65/66B | €28,660 | €31,882 | +€3,222 | +11.2% |
| Recurring financial charges | 65 | €28,660 | €31,882 | +€3,222 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,559 | €53,332 | +€94,891 | |
| Income taxes | 67/77 | -€182 | €2,538 | +€2,720 | |
| Profit (loss) for the period | 9904 | -€41,377 | €50,794 | +€92,171 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,377 | €50,794 | +€92,171 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.