Declercq Recycling: 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 Recycling
Largest movements
- Stocks and contracts +€344,057
up €344,057 (+15.5%), from €2.2m to €2.6m
- Cash +€194,301
up €194,301 (+24.4%), from €795,605 to €989,905
mainly Net result for the year (+€531,185) and Depreciation (+€281,035)
- Tangible fixed assets -€125,212
down €125,212 (-6.0%), from €2.1m to €1.9m
of which Plant, machinery and equipment: -€129,370
- Receivables within one year +€65,607
up €65,607 (+19.7%), from €332,619 to €398,226
of which Other amounts receivable: +€174,552
- Reserves +€531,185
up €531,185 (+17.3%), from €3.1m to €3.6m
- Debts after one year -€83,782
down €83,782 (-36.8%), from €227,636 to €143,854
- Gross operating margin -€431,250
down €431,250 (-27.4%), from €1.6m to €1.1m
- Taxes -€125,280
down €125,280 (-34.4%), from €364,518 to €239,238
- Depreciation -€59,923
down €59,923 (-17.6%), from €340,958 to €281,035
- Staff costs +€29,573
up €29,573 (+184%), from €16,032 to €45,605
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.
Derived cash bridge
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 | €5,601,754 | €6,028,264 | +€426,511 | +7.6% |
| Fixed assets | 21/28 | €2,248,122 | €2,070,910 | -€177,212 | -7.9% |
| Intangible fixed assets | 21 | €176,325 | €124,325 | -€52,000 | -29.5% |
| Tangible fixed assets | 22/27 | €2,071,527 | €1,946,314 | -€125,212 | -6.0% |
| Land and buildings | 22 | €1,276,241 | €1,321,440 | +€45,199 | +3.5% |
| Plant, machinery and equipment | 23 | €646,639 | €517,269 | -€129,370 | -20.0% |
| Furniture and vehicles | 24 | €148,647 | €107,606 | -€41,041 | -27.6% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €3,353,632 | €3,957,355 | +€603,723 | +18.0% |
| Stocks and contracts in progress | 3 | €2,222,934 | €2,566,991 | +€344,057 | +15.5% |
| Stocks | 30/36 | €2,222,934 | €2,566,991 | +€344,057 | +15.5% |
| Amounts receivable within one year | 40/41 | €332,619 | €398,226 | +€65,607 | +19.7% |
| Trade receivables | 40 | €313,080 | €204,135 | -€108,945 | -34.8% |
| Other amounts receivable | 41 | €19,538 | €194,091 | +€174,552 | +893% |
| Cash at bank and in hand | 54/58 | €795,605 | €989,905 | +€194,301 | +24.4% |
| Deferred charges and accrued income | 490/1 | €2,475 | €2,233 | -€242 | -9.8% |
| Total equity and liabilities | 10/49 | €5,601,754 | €6,028,264 | +€426,511 | +7.6% |
| Equity | 10/15 | €4,846,428 | €5,377,613 | +€531,185 | +11.0% |
| Contributions | 10/11 | €1,782,899 | €1,782,899 | = | 0.0% |
| Reserves | 13 | €3,063,529 | €3,594,714 | +€531,185 | +17.3% |
| Distributable reserves | 133 | €3,063,529 | €3,594,714 | +€531,185 | +17.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €226,734 | €222,021 | -€4,713 | -2.1% |
| Provisions for liabilities and charges | 160/5 | €226,734 | €222,021 | -€4,713 | -2.1% |
| Other liabilities and charges | 164/5 | €226,734 | €222,021 | -€4,713 | -2.1% |
| Amounts payable | 17/49 | €528,592 | €428,630 | -€99,961 | -18.9% |
| Amounts payable after more than one year | 17 | €227,636 | €143,854 | -€83,782 | -36.8% |
| Financial debts | 170/4 | €227,636 | €143,854 | -€83,782 | -36.8% |
| Amounts payable within one year | 42/48 | €284,517 | €268,128 | -€16,389 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €115,565 | €83,782 | -€31,783 | -27.5% |
| Trade debts | 44 | €18,048 | €16,217 | -€1,831 | -10.1% |
| Suppliers | 440/4 | €18,048 | €16,217 | -€1,831 | -10.1% |
| Taxes, remuneration and social security | 45 | €5,315 | €5,939 | +€624 | +11.7% |
| Taxes | 450/3 | €1,182 | €1,150 | -€32 | -2.7% |
| Remuneration and social security | 454/9 | €4,133 | €4,789 | +€656 | +15.9% |
| Other amounts payable | 47/48 | €145,589 | €162,190 | +€16,601 | +11.4% |
| Accrued charges and deferred income | 492/3 | €16,439 | €16,648 | +€210 | +1.3% |
| Remuneration, social security and pensions | 62 | €16,032 | €45,605 | +€29,573 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340,958 | €281,035 | -€59,923 | -17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,106 | €3,475 | +€369 | +11.9% |
| Other operating charges | 640/8 | €12,709 | €14,181 | +€1,472 | +11.6% |
| Gross operating margin | 9900 | €1,573,577 | €1,142,328 | -€431,250 | -27.4% |
| Operating profit (loss) | 9901 | €1,200,772 | €798,032 | -€402,740 | -33.5% |
| Financial income | 75/76B | €655 | €3,075 | +€2,421 | +370% |
| Recurring financial income | 75 | €655 | €3,075 | +€2,421 | +370% |
| Financial charges | 65/66B | €35,024 | €30,684 | -€4,340 | -12.4% |
| Recurring financial charges | 65 | €35,024 | €30,684 | -€4,340 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €1,166,403 | €770,423 | -€395,979 | -33.9% |
| Income taxes | 67/77 | €364,518 | €239,238 | -€125,280 | -34.4% |
| Profit (loss) for the period | 9904 | €801,884 | €531,185 | -€270,699 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €801,884 | €531,185 | -€270,699 | -33.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.