GROUP 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.
GROUP DECLERCQ
Largest movements
- Stocks and contracts -€160,280
down €160,280 (-20.5%), from €782,580 to €622,299
- Tangible fixed assets +€108,718
up €108,718 (+3.6%), from €3.0m to €3.1m
- Profit (loss) carried forward -€64,667
down €64,667 (-18.1%), from -€356,783 to -€421,451
- Debts after one year -€40,041
down €40,041 (-1.3%), from €3.0m to €3.0m
of which Financial debts: -€59,247
- Gross operating margin -€104,640
down €104,640 (-67.5%), from €155,111 to €50,471
- Depreciation +€18,162
up €18,162 (+36.1%), from €50,269 to €68,431
- Financial charges +€5,331
up €5,331 (+13.3%), from €40,129 to €45,460
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 | €3,858,358 | €3,794,090 | -€64,268 | -1.7% |
| Fixed assets | 21/28 | €3,011,713 | €3,120,430 | +€108,718 | +3.6% |
| Tangible fixed assets | 22/27 | €3,011,713 | €3,120,430 | +€108,718 | +3.6% |
| Land and buildings | 22 | €3,011,713 | €3,120,430 | +€108,718 | +3.6% |
| Current assets | 29/58 | €846,646 | €673,660 | -€172,986 | -20.4% |
| Stocks and contracts in progress | 3 | €782,580 | €622,299 | -€160,280 | -20.5% |
| Stocks | 30/36 | €782,580 | €622,299 | -€160,280 | -20.5% |
| Amounts receivable within one year | 40/41 | €5,221 | €16,529 | +€11,308 | +216.6% |
| Trade receivables | 40 | €935 | €13,328 | +€12,393 | +1326.2% |
| Other amounts receivable | 41 | €4,287 | €3,201 | -€1,086 | -25.3% |
| Cash at bank and in hand | 54/58 | €13,893 | €2,701 | -€11,192 | -80.6% |
| Deferred charges and accrued income | 490/1 | €44,952 | €32,131 | -€12,821 | -28.5% |
| Total equity and liabilities | 10/49 | €3,858,358 | €3,794,090 | -€64,268 | -1.7% |
| Equity | 10/15 | €393,217 | €328,549 | -€64,667 | -16.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€356,783 | -€421,451 | -€64,667 | -18.1% |
| Amounts payable | 17/49 | €3,465,141 | €3,465,540 | +€399 | 0.0% |
| Amounts payable after more than one year | 17 | €3,024,910 | €2,984,868 | -€40,041 | -1.3% |
| Financial debts | 170/4 | €517,757 | €458,510 | -€59,247 | -11.4% |
| Other amounts payable | 178/9 | €2,507,153 | €2,526,358 | +€19,205 | +0.8% |
| Amounts payable within one year | 42/48 | €433,313 | €473,585 | +€40,272 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €57,796 | €59,247 | +€1,450 | +2.5% |
| Trade debts | 44 | €370,077 | €380,814 | +€10,737 | +2.9% |
| Suppliers | 440/4 | €370,077 | €380,814 | +€10,737 | +2.9% |
| Advances received on contracts in progress | 46 | €5,440 | €15,165 | +€9,725 | +178.8% |
| Taxes, remuneration and social security | 45 | €0 | €18,360 | +€18,360 | |
| Taxes | 450/3 | €0 | €18,360 | +€18,360 | |
| Accrued charges and deferred income | 492/3 | €6,919 | €7,087 | +€168 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,269 | €68,431 | +€18,162 | +36.1% |
| Other operating charges | 640/8 | €1,968 | €1,247 | -€721 | -36.6% |
| Gross operating margin | 9900 | €155,111 | €50,471 | -€104,640 | -67.5% |
| Operating profit (loss) | 9901 | €102,874 | -€19,207 | -€122,082 | |
| Financial charges | 65/66B | €40,129 | €45,460 | +€5,331 | +13.3% |
| Recurring financial charges | 65 | €40,129 | €45,460 | +€5,331 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €62,745 | -€64,667 | -€127,413 | |
| Profit (loss) for the period | 9904 | €62,745 | -€64,667 | -€127,413 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,745 | -€64,667 | -€127,413 |
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 12 October 2026 via checked.be.