DECLERCQ ET ASSOCIES: what changed
DECLERCQ ET ASSOCIES
Largest movements
- Cash +€15,947
up €15,947 (+8,918%), from €179 to €16,126
mainly Net result for the year (+€25,402) and Receivables within one year (+€11,094)
- Receivables within one year -€11,094
down €11,094 (-35.7%), from €31,032 to €19,938
of which Other amounts receivable: -€9,055
- Tangible fixed assets -€9,344
down €9,344 (-19.8%), from €47,265 to €37,920
of which Land and buildings: -€7,946
- Tax, wage and social debts +€9,847
up €9,847 (+160%), from €6,141 to €15,988
- Short-term financial debts -€6,178
no longer reported in 2025 (was €6,178)
- Reserves -€4,598
down €4,598 (-10.6%), from €43,324 to €38,726
- Trade debts -€3,507
down €3,507 (-72.5%), from €4,840 to €1,332
- Gross operating margin +€19,180
up €19,180 (+67.5%), from €28,396 to €47,576
- Taxes +€4,871
up €4,871 (+93.1%), from €5,233 to €10,104
- Financial charges +€782
up €782 (+29.7%), from €2,634 to €3,416
of which Non-recurring financial charges: +€961
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,075 | €74,638 | -€4,437 | -5.6% |
| Fixed assets | 21/28 | €47,265 | €37,920 | -€9,344 | -19.8% |
| Tangible fixed assets | 22/27 | €47,265 | €37,920 | -€9,344 | -19.8% |
| Land and buildings | 22 | €43,509 | €35,563 | -€7,946 | -18.3% |
| Furniture and vehicles | 24 | €3,756 | €2,357 | -€1,398 | -37.2% |
| Current assets | 29/58 | €31,810 | €36,718 | +€4,908 | +15.4% |
| Amounts receivable within one year | 40/41 | €31,032 | €19,938 | -€11,094 | -35.7% |
| Trade receivables | 40 | €4,872 | €2,833 | -€2,039 | -41.9% |
| Other amounts receivable | 41 | €26,160 | €17,105 | -€9,055 | -34.6% |
| Cash at bank and in hand | 54/58 | €179 | €16,126 | +€15,947 | +8,918% |
| Deferred charges and accrued income | 490/1 | €599 | €654 | +€54 | +9.0% |
| Total equity and liabilities | 10/49 | €79,075 | €74,638 | -€4,437 | -5.6% |
| Equity | 10/15 | €61,916 | €57,318 | -€4,598 | -7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €43,324 | €38,726 | -€4,598 | -10.6% |
| Distributable reserves | 133 | €43,324 | €38,726 | -€4,598 | -10.6% |
| Amounts payable | 17/49 | €17,159 | €17,320 | +€162 | +0.9% |
| Amounts payable within one year | 42/48 | €17,159 | €17,320 | +€162 | +0.9% |
| Financial debts | 43 | €6,178 | - | -€6,178 | |
| Credit institutions | 430/8 | €6,178 | - | -€6,178 | |
| Trade debts | 44 | €4,840 | €1,332 | -€3,507 | -72.5% |
| Suppliers | 440/4 | €4,840 | €1,332 | -€3,507 | -72.5% |
| Taxes, remuneration and social security | 45 | €6,141 | €15,988 | +€9,847 | +160% |
| Taxes | 450/3 | €6,141 | €15,988 | +€9,847 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,144 | €9,344 | +€201 | +2.2% |
| Other operating charges | 640/8 | €748 | €771 | +€24 | +3.2% |
| Gross operating margin | 9900 | €28,396 | €47,576 | +€19,180 | +67.5% |
| Operating profit (loss) | 9901 | €18,504 | €37,460 | +€18,956 | +102% |
| Financial income | 75/76B | €1,672 | €1,462 | -€210 | -12.6% |
| Recurring financial income | 75 | €1,672 | €1,462 | -€210 | -12.6% |
| Financial charges | 65/66B | €2,634 | €3,416 | +€782 | +29.7% |
| Recurring financial charges | 65 | €2,634 | €2,455 | -€179 | -6.8% |
| Non-recurring financial charges | 66B | - | €961 | +€961 | |
| Profit (loss) for the period before taxes | 9903 | €17,542 | €35,506 | +€17,964 | +102% |
| Income taxes | 67/77 | €5,233 | €10,104 | +€4,871 | +93.1% |
| Profit (loss) for the period | 9904 | €12,309 | €25,402 | +€13,093 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €12,309 | €25,402 | +€13,093 | +106% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.