Guido De Clercq: what changed
Guido De Clercq
Largest movements
- Cash +€33,092
up €33,092 (+24.8%), from €133,378 to €166,470
mainly Depreciation (+€18,135) and Receivables within one year (+€14,600)
- Tangible fixed assets -€18,135
down €18,135 (-28.7%), from €63,163 to €45,028
of which Furniture and vehicles: -€15,225
- Receivables within one year -€14,600
down €14,600 (-33.1%), from €44,106 to €29,506
of which Trade receivables: -€29,844
- Stocks and contracts -€6,766
down €6,766 (-92.1%), from €7,350 to €583
- Trade debts -€5,780
down €5,780 (-82.8%), from €6,983 to €1,204
- Gross operating margin -€22,106
down €22,106 (-52.3%), from €42,293 to €20,187
- Taxes -€7,660
down €7,660 (-86.9%), from €8,813 to €1,153
- Financial income -€1,052
down €1,052 (-43.9%), from €2,397 to €1,345
- Other operating charges -€768
down €768 (-66.7%), from €1,152 to €384
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €250,003 | €245,420 | -€4,583 | -1.8% |
| Fixed assets | 21/28 | €63,163 | €45,028 | -€18,135 | -28.7% |
| Tangible fixed assets | 22/27 | €63,163 | €45,028 | -€18,135 | -28.7% |
| Land and buildings | 22 | €11,748 | €8,837 | -€2,910 | -24.8% |
| Furniture and vehicles | 24 | €51,415 | €36,191 | -€15,225 | -29.6% |
| Current assets | 29/58 | €186,840 | €200,392 | +€13,552 | +7.3% |
| Stocks and contracts in progress | 3 | €7,350 | €583 | -€6,766 | -92.1% |
| Stocks | 30/36 | €7,350 | €583 | -€6,766 | -92.1% |
| Amounts receivable within one year | 40/41 | €44,106 | €29,506 | -€14,600 | -33.1% |
| Trade receivables | 40 | €39,953 | €10,109 | -€29,844 | -74.7% |
| Other amounts receivable | 41 | €4,153 | €19,397 | +€15,244 | +367% |
| Cash at bank and in hand | 54/58 | €133,378 | €166,470 | +€33,092 | +24.8% |
| Deferred charges and accrued income | 490/1 | €2,006 | €3,832 | +€1,826 | +91.0% |
| Total equity and liabilities | 10/49 | €250,003 | €245,420 | -€4,583 | -1.8% |
| Equity | 10/15 | €240,739 | €242,347 | +€1,609 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €222,147 | €223,755 | +€1,609 | +0.7% |
| Distributable reserves | 133 | €222,147 | €223,755 | +€1,609 | +0.7% |
| Amounts payable | 17/49 | €9,264 | €3,073 | -€6,192 | -66.8% |
| Amounts payable within one year | 42/48 | €9,264 | €3,073 | -€6,192 | -66.8% |
| Trade debts | 44 | €6,983 | €1,204 | -€5,780 | -82.8% |
| Suppliers | 440/4 | €6,983 | €1,204 | -€5,780 | -82.8% |
| Taxes, remuneration and social security | 45 | €2,281 | €1,869 | -€412 | -18.1% |
| Taxes | 450/3 | €2,281 | €1,869 | -€412 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,135 | €18,135 | = | 0.0% |
| Other operating charges | 640/8 | €1,152 | €384 | -€768 | -66.7% |
| Gross operating margin | 9900 | €42,293 | €20,187 | -€22,106 | -52.3% |
| Operating profit (loss) | 9901 | €23,007 | €1,668 | -€21,339 | -92.8% |
| Financial income | 75/76B | €2,397 | €1,345 | -€1,052 | -43.9% |
| Recurring financial income | 75 | €2,397 | €1,345 | -€1,052 | -43.9% |
| Financial charges | 65/66B | €282 | €251 | -€32 | -11.2% |
| Recurring financial charges | 65 | €282 | €251 | -€32 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €25,121 | €2,762 | -€22,359 | -89.0% |
| Income taxes | 67/77 | €8,813 | €1,153 | -€7,660 | -86.9% |
| Profit (loss) for the period | 9904 | €16,309 | €1,609 | -€14,700 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,309 | €1,609 | -€14,700 | -90.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.