ETABLISSEMENTS DECLERCQ: 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.
What changed
ETABLISSEMENTS DECLERCQ
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,361
2024 · €21,922-€4,561
Equity
€889,595
2024 · €872,234+€17,361
Cash
€296,927
2024 · €253,893+€43,034
Balance sheet total
€2.3m
2024 · €2.4m-€65,728
Largest movements
Assets
- Deferred charges and accrued income -€65,499
no longer reported in 2025 (was €65,499)
- Cash +€43,034
up €43,034 (+16.9%), from €253,893 to €296,927
mainly Depreciation (+€139,201) and Deferred charges and accrued income (+€65,499)
- Tangible fixed assets -€36,322
down €36,322 (-10.1%), from €360,434 to €324,112
of which Plant, machinery and equipment: -€47,209
Equity and liabilities
- Debts after one year -€93,321
down €93,321 (-10.3%), from €909,362 to €816,041
of which Financial debts: -€84,112
- Trade debts -€38,825
down €38,825 (-18.1%), from €213,935 to €175,110
- Tax, wage and social debts +€33,783
up €33,783 (+18.1%), from €186,956 to €220,739
of which Remuneration and social security: +€29,327
Income statement
- Gross operating margin +€109,690
up €109,690 (+10.6%), from €1.0m to €1.1m
- Staff costs +€11,867
up €11,867 (+1.4%), from €846,752 to €858,619
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.
Result 2024
€21,922
Gross operating margin
+€109,690
Staff costs
-€11,867
Depreciation
-€7,751
Other operating charges
+€2,389
Other operating items
-€97,243
Financial income
+€21
Financial charges
+€305
Taxes
-€105
Result 2025
€17,361
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€249,275
Investment
-€102,879
Financing
-€103,362
Cash 2024
€253,893
From operations (derived)
+€249,275
Net result for the year
+€17,361
Depreciation
+€139,201
Stocks and contracts
+€14,511
Receivables within one year
-€7,570
Deferred charges and accrued income
+€65,499
Trade debts
-€38,825
Tax, wage and social debts
+€33,783
Advances received
+€13,653
Accrued charges and deferred income
+€11,663
Investment (derived)
-€102,879
Investment in fixed assets (net)
-€102,879
Financing
-€103,362
Debts after one year
-€93,321
Current portion of long-term debt
-€10,041
Cash 2025
€296,927
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,373,934 | €2,308,207 | -€65,728 | -2.8% |
| Fixed assets | 21/28 | €1,385,434 | €1,349,112 | -€36,322 | -2.6% |
| Tangible fixed assets | 22/27 | €360,434 | €324,112 | -€36,322 | -10.1% |
| Land and buildings | 22 | €39,148 | €8,434 | -€30,714 | -78.5% |
| Plant, machinery and equipment | 23 | €281,487 | €234,278 | -€47,209 | -16.8% |
| Furniture and vehicles | 24 | €39,799 | €81,401 | +€41,601 | +105% |
| Financial fixed assets | 28 | €1,025,000 | €1,025,000 | = | 0.0% |
| Current assets | 29/58 | €988,500 | €959,094 | -€29,406 | -3.0% |
| Stocks and contracts in progress | 3 | €254,632 | €240,122 | -€14,511 | -5.7% |
| Stocks | 30/36 | €254,632 | €240,122 | -€14,511 | -5.7% |
| Amounts receivable within one year | 40/41 | €414,476 | €422,045 | +€7,570 | +1.8% |
| Trade receivables | 40 | €73,403 | €103,599 | +€30,196 | +41.1% |
| Other amounts receivable | 41 | €341,073 | €318,446 | -€22,626 | -6.6% |
| Cash at bank and in hand | 54/58 | €253,893 | €296,927 | +€43,034 | +16.9% |
| Deferred charges and accrued income | 490/1 | €65,499 | - | -€65,499 | |
| Total equity and liabilities | 10/49 | €2,373,934 | €2,308,207 | -€65,728 | -2.8% |
| Equity | 10/15 | €872,234 | €889,595 | +€17,361 | +2.0% |
| Contributions | 10/11 | €137,500 | €137,500 | = | 0.0% |
| Reserves | 13 | €180,245 | €180,245 | = | 0.0% |
| Distributable reserves | 133 | €180,245 | €180,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | €505,137 | €522,498 | +€17,361 | +3.4% |
| Investment grants | 15 | €49,353 | €49,353 | = | 0.0% |
| Provisions and deferred taxes | 16 | €37,500 | €37,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €37,500 | €37,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €37,500 | €37,500 | = | 0.0% |
| Amounts payable | 17/49 | €1,464,200 | €1,381,111 | -€83,088 | -5.7% |
| Amounts payable after more than one year | 17 | €909,362 | €816,041 | -€93,321 | -10.3% |
| Financial debts | 170/4 | €874,362 | €790,250 | -€84,112 | -9.6% |
| Other amounts payable | 178/9 | €35,000 | €25,791 | -€9,209 | -26.3% |
| Amounts payable within one year | 42/48 | €533,057 | €531,626 | -€1,430 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €132,165 | €122,125 | -€10,041 | -7.6% |
| Trade debts | 44 | €213,935 | €175,110 | -€38,825 | -18.1% |
| Suppliers | 440/4 | €213,935 | €175,110 | -€38,825 | -18.1% |
| Advances received on contracts in progress | 46 | - | €13,653 | +€13,653 | |
| Taxes, remuneration and social security | 45 | €186,956 | €220,739 | +€33,783 | +18.1% |
| Taxes | 450/3 | €2,551 | €7,007 | +€4,455 | +175% |
| Remuneration and social security | 454/9 | €184,405 | €213,733 | +€29,327 | +15.9% |
| Accrued charges and deferred income | 492/3 | €21,781 | €33,444 | +€11,663 | +53.5% |
| Remuneration, social security and pensions | 62 | €846,752 | €858,619 | +€11,867 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,450 | €139,201 | +€7,751 | +5.9% |
| Other operating charges | 640/8 | €8,650 | €6,262 | -€2,389 | -27.6% |
| Non-recurring operating charges | 66A | €1,730 | €98,973 | +€97,243 | +5,620% |
| Gross operating margin | 9900 | €1,031,900 | €1,141,589 | +€109,690 | +10.6% |
| Operating profit (loss) | 9901 | €43,317 | €38,535 | -€4,783 | -11.0% |
| Financial income | 75/76B | €6,405 | €6,427 | +€21 | +0.3% |
| Recurring financial income | 75 | €585 | €279 | -€305 | -52.2% |
| Non-recurring financial income | 76B | €5,820 | €6,147 | +€327 | +5.6% |
| Financial charges | 65/66B | €24,460 | €24,156 | -€305 | -1.2% |
| Recurring financial charges | 65 | €24,460 | €24,156 | -€305 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €25,262 | €20,806 | -€4,456 | -17.6% |
| Income taxes | 67/77 | €3,340 | €3,445 | +€105 | +3.1% |
| Profit (loss) for the period | 9904 | €21,922 | €17,361 | -€4,561 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,922 | €17,361 | -€4,561 | -20.8% |
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 21 October 2026 via checked.be.