Declercq Rein: 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 Rein
Largest movements
- Cash +€15,438
up €15,438 (+139%), from €11,122 to €26,560
mainly Net result for the year (+€16,867) and Receivables within one year (+€7,431)
- Receivables within one year -€7,431
down €7,431 (-28.5%), from €26,033 to €18,602
of which Trade receivables: -€6,511
- Current investments +€1,500
new in 2025: €1,500
- Deferred charges and accrued income -€490
down €490 (-80.6%), from €607 to €118
- Profit (loss) carried forward +€16,867
up €16,867 (+279%), from €6,052 to €22,919
- Other debts -€13,438
down €13,438 (-75.3%), from €17,836 to €4,398
- Tax, wage and social debts +€4,294
up €4,294 (+278%), from €1,547 to €5,841
- Trade debts +€1,335
up €1,335 (+30.8%), from €4,328 to €5,663
- Gross operating margin +€6,736
up €6,736 (+41.4%), from €16,264 to €22,999
- Taxes +€2,747
up €2,747 (+178%), from €1,547 to €4,294
- Financial charges +€1,093
up €1,093 (+429%), from €255 to €1,347
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 | €37,763 | €46,820 | +€9,057 | +24.0% |
| Fixed assets | 21/28 | - | €40 | +€40 | |
| Financial fixed assets | 28 | - | €40 | +€40 | |
| Current assets | 29/58 | €37,763 | €46,780 | +€9,017 | +23.9% |
| Amounts receivable within one year | 40/41 | €26,033 | €18,602 | -€7,431 | -28.5% |
| Trade receivables | 40 | €23,503 | €16,992 | -€6,511 | -27.7% |
| Other amounts receivable | 41 | €2,529 | €1,610 | -€919 | -36.3% |
| Current investments | 50/53 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €11,122 | €26,560 | +€15,438 | +139% |
| Deferred charges and accrued income | 490/1 | €607 | €118 | -€490 | -80.6% |
| Total equity and liabilities | 10/49 | €37,763 | €46,820 | +€9,057 | +24.0% |
| Equity | 10/15 | €14,052 | €30,919 | +€16,867 | +120% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,052 | €22,919 | +€16,867 | +279% |
| Amounts payable | 17/49 | €23,711 | €15,901 | -€7,810 | -32.9% |
| Amounts payable within one year | 42/48 | €23,711 | €15,901 | -€7,810 | -32.9% |
| Trade debts | 44 | €4,328 | €5,663 | +€1,335 | +30.8% |
| Suppliers | 440/4 | €4,328 | €5,663 | +€1,335 | +30.8% |
| Taxes, remuneration and social security | 45 | €1,547 | €5,841 | +€4,294 | +278% |
| Taxes | 450/3 | €1,547 | €5,841 | +€4,294 | +278% |
| Other amounts payable | 47/48 | €17,836 | €4,398 | -€13,438 | -75.3% |
| Other operating charges | 640/8 | €411 | €491 | +€81 | +19.6% |
| Gross operating margin | 9900 | €16,264 | €22,999 | +€6,736 | +41.4% |
| Operating profit (loss) | 9901 | €15,853 | €22,508 | +€6,655 | +42.0% |
| Financial charges | 65/66B | €255 | €1,347 | +€1,093 | +429% |
| Recurring financial charges | 65 | €255 | €1,347 | +€1,093 | +429% |
| Profit (loss) for the period before taxes | 9903 | €15,598 | €21,161 | +€5,563 | +35.7% |
| Income taxes | 67/77 | €1,547 | €4,294 | +€2,747 | +178% |
| Profit (loss) for the period | 9904 | €14,052 | €16,867 | +€2,816 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,052 | €16,867 | +€2,816 | +20.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.