Declercq Design: 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 Design
Largest movements
- Receivables within one year +€51,720
up €51,720 (+1,499%), from €3,451 to €55,172
of which Trade receivables: +€51,720
- Cash -€20,310
down €20,310 (-47.1%), from €43,131 to €22,820
mainly Receivables within one year (-€51,720) and Stocks and contracts (-€12,202)
- Stocks and contracts +€12,202
up €12,202 (+3.2%), from €380,371 to €392,573
- Trade debts +€52,558
up €52,558 (+1,048%), from €5,016 to €57,573
- Other debts -€5,353
down €5,353 (-30.4%), from €17,607 to €12,254
- Gross operating margin -€27,841
down €27,841 (-74.5%), from €37,347 to €9,506
- Financial charges -€1,323
down €1,323 (-18.3%), from €7,231 to €5,909
of which Financial charges: -€1,243
- Depreciation -€644
down €644 (-23.3%), from €2,767 to €2,123
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 | €437,246 | €482,449 | +€45,204 | +10.3% |
| Fixed assets | 21/28 | €9,298 | €11,588 | +€2,290 | +24.6% |
| Tangible fixed assets | 22/27 | €3,963 | €4,985 | +€1,022 | +25.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,963 | €4,985 | +€1,022 | +25.8% |
| Financial fixed assets | 28 | €5,335 | €6,603 | +€1,267 | +23.8% |
| Current assets | 29/58 | €427,947 | €470,862 | +€42,914 | +10.0% |
| Stocks and contracts in progress | 3 | €380,371 | €392,573 | +€12,202 | +3.2% |
| Stocks | 30/36 | €380,371 | €392,573 | +€12,202 | +3.2% |
| Amounts receivable within one year | 40/41 | €3,451 | €55,172 | +€51,720 | +1,499% |
| Trade receivables | 40 | €3,451 | €55,172 | +€51,720 | +1,499% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €43,131 | €22,820 | -€20,310 | -47.1% |
| Deferred charges and accrued income | 490/1 | €994 | €296 | -€698 | -70.2% |
| Total equity and liabilities | 10/49 | €437,246 | €482,449 | +€45,204 | +10.3% |
| Equity | 10/15 | €411,297 | €411,947 | +€650 | +0.2% |
| Contributions | 10/11 | €307,860 | €307,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,437 | €104,087 | +€650 | +0.6% |
| Amounts payable | 17/49 | €25,948 | €70,502 | +€44,554 | +172% |
| Amounts payable within one year | 42/48 | €25,948 | €70,502 | +€44,554 | +172% |
| Financial debts | 43 | €3,066 | €0 | -€3,066 | -100% |
| Credit institutions | 430/8 | €3,066 | €0 | -€3,066 | -100% |
| Trade debts | 44 | €5,016 | €57,573 | +€52,558 | +1,048% |
| Suppliers | 440/4 | €5,016 | €57,573 | +€52,558 | +1,048% |
| Taxes, remuneration and social security | 45 | €260 | €675 | +€415 | +160% |
| Taxes | 450/3 | €260 | €675 | +€415 | +160% |
| Other amounts payable | 47/48 | €17,607 | €12,254 | -€5,353 | -30.4% |
| Non-recurring operating income | 76A | €104,595 | €3,151 | -€101,444 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,767 | €2,123 | -€644 | -23.3% |
| Other operating charges | 640/8 | €762 | €688 | -€73 | -9.6% |
| Non-recurring operating charges | 66A | - | €199 | +€199 | |
| Gross operating margin | 9900 | €37,347 | €9,506 | -€27,841 | -74.5% |
| Operating profit (loss) | 9901 | €33,819 | €6,496 | -€27,323 | -80.8% |
| Financial income | 75/76B | €32 | €204 | +€172 | +535% |
| Recurring financial income | 75 | €32 | €204 | +€172 | +535% |
| Financial charges | 65/66B | €7,231 | €5,909 | -€1,323 | -18.3% |
| Recurring financial charges | 65 | €7,152 | €5,909 | -€1,243 | -17.4% |
| Non-recurring financial charges | 66B | €79 | €0 | -€79 | -100% |
| Profit (loss) for the period before taxes | 9903 | €26,620 | €791 | -€25,829 | -97.0% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €26,480 | €650 | -€25,830 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,480 | €650 | -€25,830 | -97.5% |
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 24 October 2026 via checked.be.