DECLERCQ LOGISTICS: 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.
What changed
DECLERCQ LOGISTICS
NACE 23.630, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,651
2024 · -€13,862+€21,513
Equity
€509,488
2024 · €501,836+€7,651
Cash
€38,393
2024 · €9,688+€28,705
Balance sheet total
€8.3m
2024 · €6.1m+€2.2m
Largest movements
Assets
- Tangible fixed assets +€2.1m
up €2.1m (+39.3%), from €5.3m to €7.3m
- Receivables within one year +€110,620
up €110,620 (+173.4%), from €63,797 to €174,417
of which Trade receivables: +€110,499
Equity and liabilities
- Short-term financial debts +€909,583
up €909,583 (+949.1%), from €95,833 to €1.0m
of which Other loans: +€900,000
- Trade debts +€568,617
up €568,617 (+106.3%), from €534,797 to €1.1m
- Debts after one year +€404,235
up €404,235 (+11.9%), from €3.4m to €3.8m
- Other debts +€176,225
up €176,225 (+18.7%), from €943,203 to €1.1m
- Current portion of long-term debt +€128,087
up €128,087 (+35.2%), from €363,467 to €491,554
Income statement
- Gross operating margin +€64,174
up €64,174 (+3.2%), from €2.0m to €2.1m
- Depreciation +€21,844
up €21,844 (+12.0%), from €182,203 to €204,047
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.
Result 2024
-€13,862
Gross operating margin
+€64,174
Staff costs
+€8,970
Depreciation
-€21,844
Other operating charges
-€10,085
Financial income
+€2,417
Financial charges
-€17,875
Taxes
-€4,244
Result 2025
€7,651
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.
From operations
+€862,534
Investment
-€2.3m
Financing
+€1.4m
Cash 2024
€9,688
From operations (derived)
+€862,534
Net result for the year
+€7,651
Depreciation
+€204,047
Receivables within one year
-€110,620
Deferred charges and accrued income
+€6,981
Smaller working-capital items
-€2,457
Trade debts
+€568,617
Tax, wage and social debts
+€12,090
Other debts
+€176,225
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.3m
Financing
+€1.4m
Debts after one year
+€404,235
Current portion of long-term debt
+€128,087
Short-term financial debts
+€909,583
Cash 2025
€38,393
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,122,067 | €8,326,100 | +€2.2m | +36.0% |
| Fixed assets | 21/28 | €6,006,031 | €8,077,719 | +€2.1m | +34.5% |
| Tangible fixed assets | 22/27 | €5,276,031 | €7,347,719 | +€2.1m | +39.3% |
| Land and buildings | 22 | €5,276,031 | €7,347,719 | +€2.1m | +39.3% |
| Financial fixed assets | 28 | €730,000 | €730,000 | = | 0.0% |
| Current assets | 29/58 | €116,036 | €248,380 | +€132,344 | +114.1% |
| Amounts receivable within one year | 40/41 | €63,797 | €174,417 | +€110,620 | +173.4% |
| Trade receivables | 40 | - | €110,499 | +€110,499 | |
| Other amounts receivable | 41 | €63,797 | €63,918 | +€121 | +0.2% |
| Cash at bank and in hand | 54/58 | €9,688 | €38,393 | +€28,705 | +296.3% |
| Deferred charges and accrued income | 490/1 | €42,551 | €35,570 | -€6,981 | -16.4% |
| Total equity and liabilities | 10/49 | €6,122,067 | €8,326,100 | +€2.2m | +36.0% |
| Equity | 10/15 | €501,836 | €509,488 | +€7,651 | +1.5% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €365,495 | €373,146 | +€7,651 | +2.1% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Legal reserve | 130 | €13,634 | €13,634 | = | 0.0% |
| Tax-exempt reserves | 132 | €258,845 | €243,554 | -€15,290 | -5.9% |
| Distributable reserves | 133 | €93,016 | €115,958 | +€22,942 | +24.7% |
| Provisions and deferred taxes | 16 | €86,190 | €81,098 | -€5,091 | -5.9% |
| Deferred taxes | 168 | €86,190 | €81,098 | -€5,091 | -5.9% |
| Amounts payable | 17/49 | €5,534,041 | €7,735,514 | +€2.2m | +39.8% |
| Amounts payable after more than one year | 17 | €3,409,786 | €3,814,021 | +€404,235 | +11.9% |
| Financial debts | 170/4 | €3,409,786 | €3,814,021 | +€404,235 | +11.9% |
| Amounts payable within one year | 42/48 | €2,115,130 | €3,909,733 | +€1.8m | +84.8% |
| Current portion of amounts payable after more than one year | 42 | €363,467 | €491,554 | +€128,087 | +35.2% |
| Financial debts | 43 | €95,833 | €1,005,417 | +€909,583 | +949.1% |
| Credit institutions | 430/8 | €95,833 | €105,417 | +€9,583 | +10.0% |
| Other loans | 439 | - | €900,000 | +€900,000 | |
| Trade debts | 44 | €534,797 | €1,103,415 | +€568,617 | +106.3% |
| Suppliers | 440/4 | €534,797 | €1,103,415 | +€568,617 | +106.3% |
| Taxes, remuneration and social security | 45 | €177,830 | €189,920 | +€12,090 | +6.8% |
| Taxes | 450/3 | - | €4,922 | +€4,922 | |
| Remuneration and social security | 454/9 | €177,830 | €184,998 | +€7,168 | +4.0% |
| Other amounts payable | 47/48 | €943,203 | €1,119,428 | +€176,225 | +18.7% |
| Accrued charges and deferred income | 492/3 | €9,125 | €11,759 | +€2,634 | +28.9% |
| Remuneration, social security and pensions | 62 | €1,768,437 | €1,759,467 | -€8,970 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,203 | €204,047 | +€21,844 | +12.0% |
| Other operating charges | 640/8 | €21,690 | €31,775 | +€10,085 | +46.5% |
| Gross operating margin | 9900 | €1,996,996 | €2,061,170 | +€64,174 | +3.2% |
| Operating profit (loss) | 9901 | €24,666 | €65,881 | +€41,215 | +167.1% |
| Financial income | 75/76B | €255 | €2,672 | +€2,417 | +946.8% |
| Recurring financial income | 75 | €255 | €2,672 | +€2,417 | +946.8% |
| Financial charges | 65/66B | €43,874 | €61,749 | +€17,875 | +40.7% |
| Recurring financial charges | 65 | €43,874 | €61,749 | +€17,875 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,953 | €6,804 | +€25,757 | |
| Transfer from deferred taxes | 780 | €5,091 | €5,091 | = | 0.0% |
| Income taxes | 67/77 | - | €4,244 | +€4,244 | |
| Profit (loss) for the period | 9904 | -€13,862 | €7,651 | +€21,513 | |
| Transfer from tax-exempt reserves | 789 | €15,290 | €15,290 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,429 | €22,942 | +€21,513 | +1505.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.