Frederick De Clerck: 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.
Frederick De Clerck
Largest movements
- Receivables within one year -€74,589
down €74,589 (-19.0%), from €391,906 to €317,317
of which Other amounts receivable: -€71,924
- Other debts -€43,933
down €43,933 (-37.5%), from €117,143 to €73,210
- Tax, wage and social debts -€25,457
down €25,457 (-53.6%), from €47,490 to €22,033
- Trade debts -€8,632
down €8,632 (-90.1%), from €9,584 to €952
- Financial income -€11,989
down €11,989 (-47.1%), from €25,435 to €13,446
- Gross operating margin +€3,118
up €3,118 (+52.1%), from -€5,990 to -€2,872
- Financial charges +€1,174
up €1,174 (+36.1%), from €3,252 to €4,426
- Taxes -€1,030
down €1,030 (-35.9%), from €2,868 to €1,838
- Other operating charges +€209
up €209 (+30.5%), from €684 to €893
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.
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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €391,906 | €317,317 | -€74,589 | -19.0% |
| Current assets | 29/58 | €391,906 | €317,317 | -€74,589 | -19.0% |
| Amounts receivable within one year | 40/41 | €391,906 | €317,317 | -€74,589 | -19.0% |
| Trade receivables | 40 | €2,664 | €0 | -€2,664 | -100% |
| Other amounts receivable | 41 | €389,241 | €317,317 | -€71,924 | -18.5% |
| Total equity and liabilities | 10/49 | €391,906 | €317,317 | -€74,589 | -19.0% |
| Equity | 10/15 | €176,883 | €180,301 | +€3,418 | +1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €164,483 | €167,901 | +€3,418 | +2.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €162,628 | €166,046 | +€3,418 | +2.1% |
| Amounts payable | 17/49 | €215,022 | €137,016 | -€78,006 | -36.3% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €200,022 | €122,016 | -€78,006 | -39.0% |
| Financial debts | 43 | €25,805 | €25,821 | +€16 | +0.1% |
| Credit institutions | 430/8 | €25,805 | €25,821 | +€16 | +0.1% |
| Trade debts | 44 | €9,584 | €952 | -€8,632 | -90.1% |
| Suppliers | 440/4 | €9,584 | €952 | -€8,632 | -90.1% |
| Taxes, remuneration and social security | 45 | €47,490 | €22,033 | -€25,457 | -53.6% |
| Taxes | 450/3 | €47,490 | €22,033 | -€25,457 | -53.6% |
| Other amounts payable | 47/48 | €117,143 | €73,210 | -€43,933 | -37.5% |
| Other operating charges | 640/8 | €684 | €893 | +€209 | +30.5% |
| Non-recurring operating charges | 66A | €3,618 | - | -€3,618 | |
| Gross operating margin | 9900 | -€5,990 | -€2,872 | +€3,118 | +52.1% |
| Operating profit (loss) | 9901 | -€10,293 | -€3,765 | +€6,528 | +63.4% |
| Financial income | 75/76B | €25,435 | €13,446 | -€11,989 | -47.1% |
| Recurring financial income | 75 | €25,435 | €13,446 | -€11,989 | -47.1% |
| Financial charges | 65/66B | €3,252 | €4,426 | +€1,174 | +36.1% |
| Recurring financial charges | 65 | €3,252 | €4,426 | +€1,174 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €11,890 | €5,255 | -€6,635 | -55.8% |
| Income taxes | 67/77 | €2,868 | €1,838 | -€1,030 | -35.9% |
| Profit (loss) for the period | 9904 | €9,022 | €3,417 | -€5,605 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,022 | €3,417 | -€5,605 | -62.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.