DECLERCQ STEFAAN SYSTEMS: 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 STEFAAN SYSTEMS
Largest movements
- Receivables within one year -€3,380
down €3,380 (-2.6%), from €132,087 to €128,707
of which Trade receivables: -€15,502
- Tangible fixed assets +€2,076
new in 2025: €2,076
- Trade debts +€14,978
up €14,978 (+37.5%), from €39,951 to €54,929
- Profit (loss) carried forward -€11,389
down €11,389 (-18.1%), from €62,989 to €51,600
- Tax, wage and social debts -€4,032
down €4,032 (-72.6%), from €5,551 to €1,519
- Gross operating margin -€16,031
down €16,031, from €711 to -€15,320
- Taxes -€1,519
no longer reported in 2025 (was €1,519)
- Depreciation +€590
new in 2025: €590
- Financial income -€441
down €441 (-6.2%), from €7,076 to €6,636
- Financial charges -€305
down €305 (-24.3%), from €1,255 to €950
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,508 | €133,881 | -€1,628 | -1.2% |
| Fixed assets | 21/28 | - | €2,076 | +€2,076 | |
| Tangible fixed assets | 22/27 | - | €2,076 | +€2,076 | |
| Plant, machinery and equipment | 23 | - | €2,076 | +€2,076 | |
| Current assets | 29/58 | €135,508 | €131,805 | -€3,704 | -2.7% |
| Stocks and contracts in progress | 3 | €3,421 | €3,098 | -€324 | -9.5% |
| Stocks | 30/36 | €3,421 | €3,098 | -€324 | -9.5% |
| Amounts receivable within one year | 40/41 | €132,087 | €128,707 | -€3,380 | -2.6% |
| Trade receivables | 40 | €15,704 | €201 | -€15,502 | -98.7% |
| Other amounts receivable | 41 | €116,383 | €128,506 | +€12,123 | +10.4% |
| Total equity and liabilities | 10/49 | €135,508 | €133,881 | -€1,628 | -1.2% |
| Equity | 10/15 | €86,483 | €75,094 | -€11,389 | -13.2% |
| Reserves | 13 | €23,494 | €23,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €15,434 | €15,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,989 | €51,600 | -€11,389 | -18.1% |
| Amounts payable | 17/49 | €49,025 | €58,787 | +€9,762 | +19.9% |
| Amounts payable within one year | 42/48 | €49,025 | €58,787 | +€9,762 | +19.9% |
| Financial debts | 43 | €3,523 | €2,339 | -€1,184 | -33.6% |
| Credit institutions | 430/8 | €3,523 | €2,339 | -€1,184 | -33.6% |
| Trade debts | 44 | €39,951 | €54,929 | +€14,978 | +37.5% |
| Suppliers | 440/4 | €39,951 | €54,929 | +€14,978 | +37.5% |
| Taxes, remuneration and social security | 45 | €5,551 | €1,519 | -€4,032 | -72.6% |
| Taxes | 450/3 | €5,551 | €1,519 | -€4,032 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €590 | +€590 | |
| Other operating charges | 640/8 | €315 | €366 | +€50 | +16.0% |
| Non-recurring operating charges | 66A | - | €800 | +€800 | |
| Gross operating margin | 9900 | €711 | -€15,320 | -€16,031 | |
| Operating profit (loss) | 9901 | €396 | -€17,075 | -€17,471 | |
| Financial income | 75/76B | €7,076 | €6,636 | -€441 | -6.2% |
| Recurring financial income | 75 | €7,076 | €6,636 | -€441 | -6.2% |
| Financial charges | 65/66B | €1,255 | €950 | -€305 | -24.3% |
| Recurring financial charges | 65 | €1,255 | €950 | -€305 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €6,218 | -€11,389 | -€17,607 | |
| Income taxes | 67/77 | €1,519 | - | -€1,519 | |
| Profit (loss) for the period | 9904 | €4,699 | -€11,389 | -€16,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,699 | -€11,389 | -€16,088 |
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 24 October 2026 via checked.be.