DECLERCQ KOEN: 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 KOEN
Largest movements
- Cash +€29,086
up €29,086 (+4.3%), from €674,924 to €704,010
mainly Net result for the year (+€52,200) and Depreciation (+€5,092)
- Receivables within one year +€14,695
up €14,695 (+549.6%), from €2,674 to €17,369
of which Other amounts receivable: +€17,369
- Reserves +€51,367
up €51,367 (+7.5%), from €686,427 to €737,794
- Gross operating margin -€58,851
down €58,851 (-41.2%), from €142,801 to €83,950
- Taxes -€15,428
down €15,428 (-39.6%), from €38,919 to €23,491
- Write-downs +€2,624
up €2,624 (+5248.0%), from €50 to €2,674
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 | €727,262 | €764,799 | +€37,537 | +5.2% |
| Fixed assets | 21/28 | €46,781 | €42,509 | -€4,272 | -9.1% |
| Tangible fixed assets | 22/27 | €46,781 | €42,509 | -€4,272 | -9.1% |
| Land and buildings | 22 | €39,060 | €36,492 | -€2,568 | -6.6% |
| Plant, machinery and equipment | 23 | €3,542 | €3,083 | -€459 | -13.0% |
| Furniture and vehicles | 24 | €4,179 | €2,934 | -€1,244 | -29.8% |
| Current assets | 29/58 | €680,481 | €722,290 | +€41,809 | +6.1% |
| Amounts receivable within one year | 40/41 | €2,674 | €17,369 | +€14,695 | +549.6% |
| Trade receivables | 40 | €2,674 | - | -€2,674 | |
| Other amounts receivable | 41 | - | €17,369 | +€17,369 | |
| Cash at bank and in hand | 54/58 | €674,924 | €704,010 | +€29,086 | +4.3% |
| Deferred charges and accrued income | 490/1 | €2,883 | €911 | -€1,972 | -68.4% |
| Total equity and liabilities | 10/49 | €727,262 | €764,799 | +€37,537 | +5.2% |
| Equity | 10/15 | €705,027 | €756,394 | +€51,367 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €686,427 | €737,794 | +€51,367 | +7.5% |
| Distributable reserves | 133 | €686,427 | €737,794 | +€51,367 | +7.5% |
| Amounts payable | 17/49 | €22,235 | €8,405 | -€13,830 | -62.2% |
| Amounts payable within one year | 42/48 | €22,235 | €8,405 | -€13,830 | -62.2% |
| Trade debts | 44 | €3,139 | €111 | -€3,027 | -96.5% |
| Suppliers | 440/4 | €3,139 | €111 | -€3,027 | -96.5% |
| Taxes, remuneration and social security | 45 | €4,519 | €497 | -€4,023 | -89.0% |
| Taxes | 450/3 | €4,519 | €497 | -€4,023 | -89.0% |
| Other amounts payable | 47/48 | €14,577 | €7,797 | -€6,780 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,276 | €5,092 | -€183 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50 | €2,674 | +€2,624 | +5248.0% |
| Other operating charges | 640/8 | €2,142 | €1,856 | -€285 | -13.3% |
| Gross operating margin | 9900 | €142,801 | €83,950 | -€58,851 | -41.2% |
| Operating profit (loss) | 9901 | €135,334 | €74,328 | -€61,007 | -45.1% |
| Financial income | 75/76B | €1,854 | €2,869 | +€1,015 | +54.8% |
| Recurring financial income | 75 | €1,854 | €2,869 | +€1,015 | +54.8% |
| Financial charges | 65/66B | €2,461 | €1,506 | -€955 | -38.8% |
| Recurring financial charges | 65 | €2,461 | €1,506 | -€955 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €134,727 | €75,691 | -€59,036 | -43.8% |
| Income taxes | 67/77 | €38,919 | €23,491 | -€15,428 | -39.6% |
| Profit (loss) for the period | 9904 | €95,808 | €52,200 | -€43,608 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,808 | €52,200 | -€43,608 | -45.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.