Declève Philippe: 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.
Declève Philippe
Largest movements
- Receivables within one year +€29,030
up €29,030 (+88.1%), from €32,946 to €61,975
of which Other amounts receivable: +€22,920
- Tangible fixed assets +€28,415
up €28,415 (+268.3%), from €10,591 to €39,007
of which Furniture and vehicles: +€30,356
- Cash +€4,381
up €4,381 (+164.7%), from €2,660 to €7,041
mainly Net result for the year (+€35,960) and Debts after one year (+€25,783)
- Deferred charges and accrued income +€1,695
up €1,695 (+90.3%), from €1,877 to €3,572
- Reserves +€35,197
up €35,197 (+122.4%), from €28,760 to €63,957
- Debts after one year +€25,783
up €25,783 (+1237.4%), from €2,084 to €27,867
- Current portion of long-term debt +€1,883
up €1,883 (+19.9%), from €9,460 to €11,343
- Gross operating margin +€15,274
up €15,274 (+30.3%), from €50,341 to €65,615
- Taxes +€4,051
up €4,051 (+27.2%), from €14,906 to €18,957
- Depreciation +€3,560
up €3,560 (+51.9%), from €6,855 to €10,415
- Financial income +€1,599
up €1,599 (+185.8%), from €860 to €2,459
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 | €51,674 | €115,196 | +€63,521 | +122.9% |
| Fixed assets | 21/28 | €14,191 | €42,607 | +€28,415 | +200.2% |
| Tangible fixed assets | 22/27 | €10,591 | €39,007 | +€28,415 | +268.3% |
| Land and buildings | 22 | €6,327 | €4,386 | -€1,941 | -30.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €4,265 | €34,621 | +€30,356 | +711.8% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €37,483 | €72,589 | +€35,106 | +93.7% |
| Amounts receivable within one year | 40/41 | €32,946 | €61,975 | +€29,030 | +88.1% |
| Trade receivables | 40 | €5,132 | €11,242 | +€6,110 | +119.1% |
| Other amounts receivable | 41 | €27,814 | €50,733 | +€22,920 | +82.4% |
| Cash at bank and in hand | 54/58 | €2,660 | €7,041 | +€4,381 | +164.7% |
| Deferred charges and accrued income | 490/1 | €1,877 | €3,572 | +€1,695 | +90.3% |
| Total equity and liabilities | 10/49 | €51,674 | €115,196 | +€63,521 | +122.9% |
| Equity | 10/15 | €35,035 | €70,158 | +€35,123 | +100.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,760 | €63,957 | +€35,197 | +122.4% |
| Distributable reserves | 133 | €28,760 | €63,957 | +€35,197 | +122.4% |
| Profit (loss) carried forward | 14 | €75 | €1 | -€75 | -99.1% |
| Amounts payable | 17/49 | €16,639 | €45,038 | +€28,398 | +170.7% |
| Amounts payable after more than one year | 17 | €2,084 | €27,867 | +€25,783 | +1237.4% |
| Financial debts | 170/4 | €2,084 | €27,867 | +€25,783 | +1237.4% |
| Amounts payable within one year | 42/48 | €14,265 | €16,871 | +€2,606 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €9,460 | €11,343 | +€1,883 | +19.9% |
| Taxes, remuneration and social security | 45 | €3,941 | €4,690 | +€750 | +19.0% |
| Taxes | 450/3 | €3,941 | €4,690 | +€750 | +19.0% |
| Other amounts payable | 47/48 | €864 | €838 | -€26 | -3.0% |
| Accrued charges and deferred income | 492/3 | €291 | €300 | +€9 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,855 | €10,415 | +€3,560 | +51.9% |
| Other operating charges | 640/8 | €970 | €1,415 | +€444 | +45.8% |
| Gross operating margin | 9900 | €50,341 | €65,615 | +€15,274 | +30.3% |
| Operating profit (loss) | 9901 | €42,515 | €53,786 | +€11,271 | +26.5% |
| Financial income | 75/76B | €860 | €2,459 | +€1,599 | +185.8% |
| Recurring financial income | 75 | €860 | €2,459 | +€1,599 | +185.8% |
| Financial charges | 65/66B | €913 | €1,328 | +€415 | +45.5% |
| Recurring financial charges | 65 | €913 | €1,328 | +€415 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €42,463 | €54,917 | +€12,454 | +29.3% |
| Income taxes | 67/77 | €14,906 | €18,957 | +€4,051 | +27.2% |
| Profit (loss) for the period | 9904 | €27,557 | €35,960 | +€8,403 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,557 | €35,960 | +€8,403 | +30.5% |
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 9 October 2026 via checked.be.