DECLERCQ CURD: 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 CURD
Largest movements
- Receivables within one year -€7,725
down €7,725 (-32.4%), from €23,814 to €16,089
of which Trade receivables: -€4,345
- Tangible fixed assets -€4,837
down €4,837 (-4.4%), from €109,010 to €104,173
of which Land and buildings: -€9,500
- Debts after one year -€19,573
down €19,573 (-25.1%), from €78,115 to €58,542
- Short-term financial debts +€9,129
up €9,129 (+170.5%), from €5,353 to €14,483
- Tax, wage and social debts -€4,168
down €4,168 (-87.0%), from €4,790 to €622
- Profit (loss) carried forward +€3,956
up €3,956 (+14.6%), from -€27,012 to -€23,056
- Trade debts -€2,733
down €2,733 (-32.1%), from €8,525 to €5,792
- Gross operating margin -€13,847
down €13,847 (-36.3%), from €38,174 to €24,327
- Taxes -€1,858
down €1,858 (-44.2%), from €4,205 to €2,347
- Financial charges -€1,136
down €1,136 (-16.1%), from €7,057 to €5,921
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,601 | €122,065 | -€12,535 | -9.3% |
| Fixed assets | 21/28 | €109,010 | €104,173 | -€4,837 | -4.4% |
| Tangible fixed assets | 22/27 | €109,010 | €104,173 | -€4,837 | -4.4% |
| Land and buildings | 22 | €108,375 | €98,875 | -€9,500 | -8.8% |
| Plant, machinery and equipment | 23 | €635 | €2,881 | +€2,246 | +353.9% |
| Furniture and vehicles | 24 | €0 | €2,417 | +€2,417 | |
| Current assets | 29/58 | €25,591 | €17,892 | -€7,699 | -30.1% |
| Amounts receivable within one year | 40/41 | €23,814 | €16,089 | -€7,725 | -32.4% |
| Trade receivables | 40 | €5,595 | €1,250 | -€4,345 | -77.7% |
| Other amounts receivable | 41 | €18,219 | €14,839 | -€3,380 | -18.6% |
| Deferred charges and accrued income | 490/1 | €1,777 | €1,803 | +€26 | +1.5% |
| Total equity and liabilities | 10/49 | €134,601 | €122,065 | -€12,535 | -9.3% |
| Equity | 10/15 | €16,909 | €20,865 | +€3,956 | +23.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,721 | €37,721 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,861 | €35,861 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,012 | -€23,056 | +€3,956 | +14.6% |
| Amounts payable | 17/49 | €117,692 | €101,200 | -€16,492 | -14.0% |
| Amounts payable after more than one year | 17 | €78,115 | €58,542 | -€19,573 | -25.1% |
| Financial debts | 170/4 | €78,115 | €58,542 | -€19,573 | -25.1% |
| Amounts payable within one year | 42/48 | €37,389 | €40,470 | +€3,081 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €18,720 | €19,573 | +€852 | +4.6% |
| Financial debts | 43 | €5,353 | €14,483 | +€9,129 | +170.5% |
| Credit institutions | 430/8 | €5,353 | €14,483 | +€9,129 | +170.5% |
| Trade debts | 44 | €8,525 | €5,792 | -€2,733 | -32.1% |
| Suppliers | 440/4 | €8,525 | €5,792 | -€2,733 | -32.1% |
| Taxes, remuneration and social security | 45 | €4,790 | €622 | -€4,168 | -87.0% |
| Taxes | 450/3 | €4,790 | €622 | -€4,168 | -87.0% |
| Accrued charges and deferred income | 492/3 | €2,188 | €2,188 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,155 | €9,967 | -€188 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,827 | €2,136 | +€309 | +16.9% |
| Gross operating margin | 9900 | €38,174 | €24,327 | -€13,847 | -36.3% |
| Operating profit (loss) | 9901 | €26,191 | €12,223 | -€13,968 | -53.3% |
| Financial income | 75/76B | €5 | €2 | -€3 | -65.5% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -65.5% |
| Financial charges | 65/66B | €7,057 | €5,921 | -€1,136 | -16.1% |
| Recurring financial charges | 65 | €7,057 | €5,921 | -€1,136 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €19,139 | €6,304 | -€12,836 | -67.1% |
| Income taxes | 67/77 | €4,205 | €2,347 | -€1,858 | -44.2% |
| Profit (loss) for the period | 9904 | €14,934 | €3,956 | -€10,977 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,934 | €3,956 | -€10,977 | -73.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.