DECLOEDT ACCOUNTANT: 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.
DECLOEDT ACCOUNTANT
Largest movements
- Receivables within one year +€98,202
up €98,202 (+243%), from €40,451 to €138,653
of which Trade receivables: +€98,064
- Tangible fixed assets -€29,253
down €29,253 (-14.0%), from €209,008 to €179,756
of which Furniture and vehicles: -€16,570
- Current investments -€19,157
down €19,157 (-19.0%), from €100,595 to €81,438
- Receivables after one year -€7,940
down €7,940 (-3.7%), from €214,405 to €206,465
- Reserves +€92,906
up €92,906 (+45.3%), from €205,105 to €298,011
- Other debts -€39,812
down €39,812 (-14.7%), from €271,266 to €231,454
- Debts after one year -€27,961
down €27,961 (-69.0%), from €40,500 to €12,539
- Tax, wage and social debts +€25,234
up €25,234 (+264%), from €9,565 to €34,798
of which Taxes: +€25,232
- Gross operating margin +€74,974
up €74,974 (+95.8%), from €78,249 to €153,223
- Taxes +€21,947
up €21,947 (+137%), from €16,023 to €37,970
- Financial income -€1,635
down €1,635 (-15.4%), from €10,603 to €8,968
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 | €577,108 | €623,406 | +€46,298 | +8.0% |
| Fixed assets | 21/28 | €214,158 | €184,906 | -€29,253 | -13.7% |
| Tangible fixed assets | 22/27 | €209,008 | €179,756 | -€29,253 | -14.0% |
| Land and buildings | 22 | €144,203 | €136,993 | -€7,210 | -5.0% |
| Plant, machinery and equipment | 23 | €11,215 | €5,743 | -€5,472 | -48.8% |
| Furniture and vehicles | 24 | €53,591 | €37,021 | -€16,570 | -30.9% |
| Financial fixed assets | 28 | €5,150 | €5,150 | = | 0.0% |
| Current assets | 29/58 | €362,949 | €438,500 | +€75,551 | +20.8% |
| Amounts receivable after more than one year | 29 | €214,405 | €206,465 | -€7,940 | -3.7% |
| Trade receivables | 290 | €214,405 | €206,465 | -€7,940 | -3.7% |
| Amounts receivable within one year | 40/41 | €40,451 | €138,653 | +€98,202 | +243% |
| Trade receivables | 40 | €32,589 | €130,653 | +€98,064 | +301% |
| Other amounts receivable | 41 | €7,862 | €8,001 | +€139 | +1.8% |
| Current investments | 50/53 | €100,595 | €81,438 | -€19,157 | -19.0% |
| Cash at bank and in hand | 54/58 | €6,671 | €11,032 | +€4,361 | +65.4% |
| Deferred charges and accrued income | 490/1 | €828 | €911 | +€84 | +10.1% |
| Total equity and liabilities | 10/49 | €577,108 | €623,406 | +€46,298 | +8.0% |
| Equity | 10/15 | €223,705 | €316,611 | +€92,906 | +41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,105 | €298,011 | +€92,906 | +45.3% |
| Distributable reserves | 133 | €205,105 | €298,011 | +€92,906 | +45.3% |
| Amounts payable | 17/49 | €353,403 | €306,795 | -€46,608 | -13.2% |
| Amounts payable after more than one year | 17 | €40,500 | €12,539 | -€27,961 | -69.0% |
| Financial debts | 170/4 | €40,500 | €12,539 | -€27,961 | -69.0% |
| Amounts payable within one year | 42/48 | €312,904 | €294,257 | -€18,647 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €27,654 | €27,961 | +€307 | +1.1% |
| Trade debts | 44 | €4,419 | €43 | -€4,376 | -99.0% |
| Suppliers | 440/4 | €4,419 | €43 | -€4,376 | -99.0% |
| Taxes, remuneration and social security | 45 | €9,565 | €34,798 | +€25,234 | +264% |
| Taxes | 450/3 | €9,513 | €34,745 | +€25,232 | +265% |
| Remuneration and social security | 454/9 | €51 | €53 | +€2 | +3.8% |
| Other amounts payable | 47/48 | €271,266 | €231,454 | -€39,812 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,432 | €29,253 | -€179 | -0.6% |
| Other operating charges | 640/8 | €1,306 | €1,286 | -€20 | -1.6% |
| Gross operating margin | 9900 | €78,249 | €153,223 | +€74,974 | +95.8% |
| Operating profit (loss) | 9901 | €47,511 | €122,685 | +€75,173 | +158% |
| Financial income | 75/76B | €10,603 | €8,968 | -€1,635 | -15.4% |
| Recurring financial income | 75 | €10,603 | €8,968 | -€1,635 | -15.4% |
| Financial charges | 65/66B | €1,079 | €776 | -€302 | -28.0% |
| Recurring financial charges | 65 | €1,079 | €776 | -€302 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €57,035 | €130,876 | +€73,841 | +129% |
| Income taxes | 67/77 | €16,023 | €37,970 | +€21,947 | +137% |
| Profit (loss) for the period | 9904 | €41,012 | €92,906 | +€51,894 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €41,012 | €92,906 | +€51,894 | +127% |
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 28 October 2026 via checked.be.