DECLERCQ JOHAN: 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 JOHAN
Largest movements
- Cash -€65,789
down €65,789 (-30.2%), from €217,531 to €151,742
mainly Other debts (-€65,258) and Investment in fixed assets (net) (-€54,793)
- Tangible fixed assets +€40,726
up €40,726 (+31.0%), from €131,426 to €172,152
of which Furniture and vehicles: +€48,219
- Receivables within one year +€39,742
up €39,742 (+69.6%), from €57,068 to €96,810
of which Trade receivables: +€46,184
- Other debts -€65,258
down €65,258 (-53.8%), from €121,375 to €56,116
- Reserves +€39,751
up €39,751 (+15.6%), from €255,306 to €295,057
- Debts after one year +€23,021
new in 2025: €23,021
- Current portion of long-term debt +€13,495
up €13,495 (+1061.7%), from €1,271 to €14,766
- Tax, wage and social debts +€7,688
up €7,688 (+197.4%), from €3,894 to €11,582
of which Taxes: +€10,058
- Gross operating margin +€12,905
up €12,905 (+18.7%), from €69,068 to €81,972
- Depreciation +€4,800
up €4,800 (+51.8%), from €9,268 to €14,067
- Taxes +€3,358
up €3,358 (+27.6%), from €12,181 to €15,539
- Financial charges -€1,670
down €1,670 (-14.6%), from €11,445 to €9,775
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 | €410,387 | €422,680 | +€12,293 | +3.0% |
| Fixed assets | 21/28 | €131,426 | €172,152 | +€40,726 | +31.0% |
| Tangible fixed assets | 22/27 | €131,426 | €172,152 | +€40,726 | +31.0% |
| Land and buildings | 22 | €125,952 | €119,135 | -€6,817 | -5.4% |
| Plant, machinery and equipment | 23 | €1,622 | €945 | -€676 | -41.7% |
| Furniture and vehicles | 24 | €1,053 | €49,272 | +€48,219 | +4581.3% |
| Other tangible fixed assets | 26 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €278,961 | €250,528 | -€28,433 | -10.2% |
| Amounts receivable within one year | 40/41 | €57,068 | €96,810 | +€39,742 | +69.6% |
| Trade receivables | 40 | €48,248 | €94,431 | +€46,184 | +95.7% |
| Other amounts receivable | 41 | €8,821 | €2,379 | -€6,442 | -73.0% |
| Cash at bank and in hand | 54/58 | €217,531 | €151,742 | -€65,789 | -30.2% |
| Deferred charges and accrued income | 490/1 | €4,362 | €1,976 | -€2,386 | -54.7% |
| Total equity and liabilities | 10/49 | €410,387 | €422,680 | +€12,293 | +3.0% |
| Equity | 10/15 | €267,706 | €307,457 | +€39,751 | +14.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €255,306 | €295,057 | +€39,751 | +15.6% |
| Distributable reserves | 133 | €255,306 | €295,057 | +€39,751 | +15.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €142,681 | €115,223 | -€27,458 | -19.2% |
| Amounts payable after more than one year | 17 | - | €23,021 | +€23,021 | |
| Financial debts | 170/4 | - | €23,021 | +€23,021 | |
| Amounts payable within one year | 42/48 | €134,723 | €85,919 | -€48,804 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €1,271 | €14,766 | +€13,495 | +1061.7% |
| Financial debts | 43 | €0 | €1,098 | +€1,098 | |
| Other loans | 439 | €0 | €1,098 | +€1,098 | |
| Trade debts | 44 | €8,183 | €2,357 | -€5,826 | -71.2% |
| Suppliers | 440/4 | €8,183 | €2,357 | -€5,826 | -71.2% |
| Taxes, remuneration and social security | 45 | €3,894 | €11,582 | +€7,688 | +197.4% |
| Taxes | 450/3 | €1,524 | €11,582 | +€10,058 | +659.8% |
| Remuneration and social security | 454/9 | €2,370 | €0 | -€2,370 | -100.0% |
| Other amounts payable | 47/48 | €121,375 | €56,116 | -€65,258 | -53.8% |
| Accrued charges and deferred income | 492/3 | €7,958 | €6,283 | -€1,675 | -21.0% |
| Non-recurring operating income | 76A | €0 | €10,744 | +€10,744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,268 | €14,067 | +€4,800 | +51.8% |
| Other operating charges | 640/8 | €2,605 | €2,875 | +€269 | +10.3% |
| Gross operating margin | 9900 | €69,068 | €81,972 | +€12,905 | +18.7% |
| Operating profit (loss) | 9901 | €57,194 | €65,030 | +€7,836 | +13.7% |
| Financial income | 75/76B | €7 | €35 | +€29 | +434.5% |
| Recurring financial income | 75 | €7 | €35 | +€29 | +434.5% |
| Financial charges | 65/66B | €11,445 | €9,775 | -€1,670 | -14.6% |
| Recurring financial charges | 65 | €11,445 | €9,775 | -€1,670 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €45,756 | €55,291 | +€9,534 | +20.8% |
| Income taxes | 67/77 | €12,181 | €15,539 | +€3,358 | +27.6% |
| Profit (loss) for the period | 9904 | €33,576 | €39,751 | +€6,176 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,576 | €39,751 | +€6,176 | +18.4% |
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 9 October 2026 via checked.be.