Ets Declercq: what changed
Two fiscal 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.
Ets Declercq
Largest movements
- Receivables within one year -€39,215
down €39,215 (-43.7%), from €89,832 to €50,617
of which Trade receivables: -€32,976
- Deferred charges and accrued income -€28,979
down €28,979 (-68.8%), from €42,100 to €13,121
- Cash -€25,275
down €25,275 (-97.1%), from €26,024 to €748
mainly Trade debts (-€52,119) and Net result for the year (-€49,935)
- Trade debts -€52,119
down €52,119 (-55.5%), from €93,888 to €41,769
- Profit (loss) carried forward -€49,935
down €49,935, from €49,303 to -€632
- Other debts +€6,606
up €6,606 (+2889.3%), from €229 to €6,835
- Gross operating margin -€33,086
down €33,086 (-1233.6%), from -€2,682 to -€35,768
- Taxes -€3,183
no longer reported in 2024 (was €3,183)
- Financial charges +€1,473
up €1,473 (+39.8%), from €3,697 to €5,170
- Depreciation -€1,169
down €1,169 (-58.7%), from €1,992 to €823
- Other operating charges +€879
up €879 (+10.8%), from €8,129 to €9,008
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,786 | €64,493 | -€94,293 | -59.4% |
| Fixed assets | 21/28 | €830 | €7 | -€823 | -99.2% |
| Tangible fixed assets | 22/27 | €830 | €7 | -€823 | -99.2% |
| Furniture and vehicles | 24 | €830 | €7 | -€823 | -99.2% |
| Current assets | 29/58 | €157,956 | €64,487 | -€93,469 | -59.2% |
| Amounts receivable within one year | 40/41 | €89,832 | €50,617 | -€39,215 | -43.7% |
| Trade receivables | 40 | €64,962 | €31,986 | -€32,976 | -50.8% |
| Other amounts receivable | 41 | €24,870 | €18,631 | -€6,239 | -25.1% |
| Cash at bank and in hand | 54/58 | €26,024 | €748 | -€25,275 | -97.1% |
| Deferred charges and accrued income | 490/1 | €42,100 | €13,121 | -€28,979 | -68.8% |
| Total equity and liabilities | 10/49 | €158,786 | €64,493 | -€94,293 | -59.4% |
| Equity | 10/15 | €54,303 | €4,368 | -€49,935 | -92.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,303 | -€632 | -€49,935 | |
| Amounts payable | 17/49 | €104,483 | €60,125 | -€44,358 | -42.5% |
| Amounts payable within one year | 42/48 | €104,483 | €60,125 | -€44,358 | -42.5% |
| Trade debts | 44 | €93,888 | €41,769 | -€52,119 | -55.5% |
| Suppliers | 440/4 | €93,888 | €41,769 | -€52,119 | -55.5% |
| Taxes, remuneration and social security | 45 | €10,367 | €11,522 | +€1,155 | +11.1% |
| Taxes | 450/3 | €10,367 | €11,522 | +€1,155 | +11.1% |
| Other amounts payable | 47/48 | €229 | €6,835 | +€6,606 | +2889.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,992 | €823 | -€1,169 | -58.7% |
| Other operating charges | 640/8 | €8,129 | €9,008 | +€879 | +10.8% |
| Gross operating margin | 9900 | -€2,682 | -€35,768 | -€33,086 | -1233.6% |
| Operating profit (loss) | 9901 | -€12,803 | -€45,600 | -€32,797 | -256.2% |
| Financial income | 75/76B | €551 | €835 | +€284 | +51.5% |
| Recurring financial income | 75 | €551 | €835 | +€284 | +51.5% |
| Financial charges | 65/66B | €3,697 | €5,170 | +€1,473 | +39.8% |
| Recurring financial charges | 65 | €3,697 | €5,170 | +€1,473 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,949 | -€49,935 | -€33,986 | -213.1% |
| Income taxes | 67/77 | €3,183 | - | -€3,183 | |
| Profit (loss) for the period | 9904 | -€19,132 | -€49,935 | -€30,803 | -161.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,132 | -€49,935 | -€30,803 | -161.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.