DECLERCQ G.: 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 G.
Largest movements
- Current investments -€151,826
no longer reported in 2025 (was €151,826)
- Receivables within one year +€120,035
up €120,035 (+131.9%), from €90,970 to €211,005
of which Trade receivables: +€113,757
- Cash +€64,278
up €64,278 (+28.0%), from €229,602 to €293,879
mainly Other debts (+€274,198) and Net result for the year (+€235,498)
- Tangible fixed assets -€19,879
down €19,879 (-11.7%), from €170,270 to €150,390
of which Furniture and vehicles: -€13,708
- Other debts +€274,198
up €274,198 (+110.9%), from €247,297 to €521,495
- Reserves -€234,502
down €234,502 (-85.4%), from €274,664 to €40,163
- Tax, wage and social debts -€14,572
down €14,572 (-78.6%), from €18,550 to €3,978
- Debts after one year -€13,879
down €13,879 (-25.0%), from €55,439 to €41,560
- Trade debts +€9,975
up €9,975 (+135.3%), from €7,373 to €17,348
- Gross operating margin -€7,265
down €7,265 (-2.1%), from €349,031 to €341,766
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 | €642,667 | €657,023 | +€14,356 | +2.2% |
| Fixed assets | 21/28 | €170,270 | €150,390 | -€19,879 | -11.7% |
| Tangible fixed assets | 22/27 | €170,270 | €150,390 | -€19,879 | -11.7% |
| Land and buildings | 22 | €132,377 | €126,207 | -€6,171 | -4.7% |
| Furniture and vehicles | 24 | €37,892 | €24,184 | -€13,708 | -36.2% |
| Current assets | 29/58 | €472,398 | €506,632 | +€34,235 | +7.2% |
| Amounts receivable within one year | 40/41 | €90,970 | €211,005 | +€120,035 | +131.9% |
| Trade receivables | 40 | €90,895 | €204,652 | +€113,757 | +125.2% |
| Other amounts receivable | 41 | €75 | €6,353 | +€6,278 | +8380.1% |
| Current investments | 50/53 | €151,826 | - | -€151,826 | |
| Cash at bank and in hand | 54/58 | €229,602 | €293,879 | +€64,278 | +28.0% |
| Deferred charges and accrued income | 490/1 | - | €1,748 | +€1,748 | |
| Total equity and liabilities | 10/49 | €642,667 | €657,023 | +€14,356 | +2.2% |
| Equity | 10/15 | €293,264 | €58,763 | -€234,502 | -80.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €274,664 | €40,163 | -€234,502 | -85.4% |
| Distributable reserves | 133 | €274,664 | €40,163 | -€234,502 | -85.4% |
| Amounts payable | 17/49 | €349,403 | €598,260 | +€248,857 | +71.2% |
| Amounts payable after more than one year | 17 | €55,439 | €41,560 | -€13,879 | -25.0% |
| Financial debts | 170/4 | €55,439 | €41,560 | -€13,879 | -25.0% |
| Amounts payable within one year | 42/48 | €293,964 | €556,700 | +€262,736 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | €20,743 | €13,879 | -€6,864 | -33.1% |
| Trade debts | 44 | €7,373 | €17,348 | +€9,975 | +135.3% |
| Suppliers | 440/4 | €7,373 | €17,348 | +€9,975 | +135.3% |
| Taxes, remuneration and social security | 45 | €18,550 | €3,978 | -€14,572 | -78.6% |
| Taxes | 450/3 | €18,550 | €3,978 | -€14,572 | -78.6% |
| Other amounts payable | 47/48 | €247,297 | €521,495 | +€274,198 | +110.9% |
| Non-recurring operating income | 76A | - | €11,090 | +€11,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,478 | €21,423 | -€55 | -0.3% |
| Other operating charges | 640/8 | €2,540 | €3,139 | +€599 | +23.6% |
| Gross operating margin | 9900 | €349,031 | €341,766 | -€7,265 | -2.1% |
| Operating profit (loss) | 9901 | €325,013 | €317,204 | -€7,809 | -2.4% |
| Financial income | 75/76B | €2,612 | - | -€2,612 | |
| Recurring financial income | 75 | €2,612 | - | -€2,612 | |
| Financial charges | 65/66B | €1,778 | €1,531 | -€248 | -13.9% |
| Recurring financial charges | 65 | €1,778 | €1,531 | -€248 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €325,847 | €315,673 | -€10,173 | -3.1% |
| Income taxes | 67/77 | €80,781 | €80,175 | -€606 | -0.8% |
| Profit (loss) for the period | 9904 | €245,065 | €235,498 | -€9,567 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €245,065 | €235,498 | -€9,567 | -3.9% |
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 11 October 2026 via checked.be.