Jef Decleir: what changed
Jef Decleir
Largest movements
- Cash -€90,057
down €90,057 (-89.2%), from €100,991 to €10,935
mainly Contributions, distributions and other (-€95,000) and Receivables after one year (-€55,000)
- Receivables after one year +€55,000
new in 2025: €55,000
- Tangible fixed assets +€26,306
up €26,306 (+132%), from €19,945 to €46,251
of which Other tangible fixed assets: +€23,211
- Receivables within one year +€18,970
up €18,970 (+82.4%), from €23,031 to €42,001
of which Other amounts receivable: +€14,205
- Other debts +€94,787
up €94,787 (+5,856%), from €1,619 to €96,405
- Reserves -€90,000
down €90,000 (-73.7%), from €122,150 to €32,150
- Trade debts +€3,552
up €3,552 (+34.2%), from €10,402 to €13,954
- Advances received +€2,028
new in 2025: €2,028
- Gross operating margin -€55,248
down €55,248 (-76.5%), from €72,234 to €16,985
- Taxes -€14,244
down €14,244 (-89.2%), from €15,966 to €1,722
- Depreciation +€2,337
up €2,337 (+32.5%), from €7,184 to €9,521
- Financial income +€1,458
up €1,458 (+21,821%), from €7 to €1,464
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,177 | €158,728 | +€10,552 | +7.1% |
| Fixed assets | 21/28 | €19,945 | €46,251 | +€26,306 | +132% |
| Tangible fixed assets | 22/27 | €19,945 | €46,251 | +€26,306 | +132% |
| Plant, machinery and equipment | 23 | €13,011 | €18,927 | +€5,916 | +45.5% |
| Furniture and vehicles | 24 | €6,935 | €4,114 | -€2,821 | -40.7% |
| Other tangible fixed assets | 26 | - | €23,211 | +€23,211 | |
| Current assets | 29/58 | €128,231 | €112,477 | -€15,754 | -12.3% |
| Amounts receivable after more than one year | 29 | - | €55,000 | +€55,000 | |
| Trade receivables | 290 | - | €55,000 | +€55,000 | |
| Stocks and contracts in progress | 3 | €3,454 | €3,730 | +€276 | +8.0% |
| Stocks | 30/36 | €3,454 | €3,730 | +€276 | +8.0% |
| Amounts receivable within one year | 40/41 | €23,031 | €42,001 | +€18,970 | +82.4% |
| Trade receivables | 40 | €19,232 | €23,997 | +€4,765 | +24.8% |
| Other amounts receivable | 41 | €3,799 | €18,004 | +€14,205 | +374% |
| Cash at bank and in hand | 54/58 | €100,991 | €10,935 | -€90,057 | -89.2% |
| Deferred charges and accrued income | 490/1 | €755 | €811 | +€56 | +7.4% |
| Total equity and liabilities | 10/49 | €148,177 | €158,728 | +€10,552 | +7.1% |
| Equity | 10/15 | €132,190 | €43,318 | -€88,872 | -67.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €122,150 | €32,150 | -€90,000 | -73.7% |
| Distributable reserves | 133 | €122,150 | €32,150 | -€90,000 | -73.7% |
| Profit (loss) carried forward | 14 | €40 | €1,168 | +€1,128 | +2,825% |
| Amounts payable | 17/49 | €15,987 | €115,411 | +€99,424 | +622% |
| Amounts payable within one year | 42/48 | €15,987 | €115,411 | +€99,424 | +622% |
| Trade debts | 44 | €10,402 | €13,954 | +€3,552 | +34.2% |
| Suppliers | 440/4 | €10,402 | €13,954 | +€3,552 | +34.2% |
| Advances received on contracts in progress | 46 | - | €2,028 | +€2,028 | |
| Taxes, remuneration and social security | 45 | €3,966 | €3,023 | -€943 | -23.8% |
| Taxes | 450/3 | €3,966 | €1,599 | -€2,367 | -59.7% |
| Remuneration and social security | 454/9 | - | €1,424 | +€1,424 | |
| Other amounts payable | 47/48 | €1,619 | €96,405 | +€94,787 | +5,856% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,184 | €9,521 | +€2,337 | +32.5% |
| Other operating charges | 640/8 | €801 | €1,025 | +€224 | +27.9% |
| Non-recurring operating charges | 66A | €370 | €0 | -€370 | -100% |
| Gross operating margin | 9900 | €72,234 | €16,985 | -€55,248 | -76.5% |
| Operating profit (loss) | 9901 | €63,879 | €6,440 | -€57,439 | -89.9% |
| Financial income | 75/76B | €7 | €1,464 | +€1,458 | +21,821% |
| Recurring financial income | 75 | €7 | €1,464 | +€1,458 | +21,821% |
| Financial charges | 65/66B | €75 | €55 | -€20 | -26.6% |
| Recurring financial charges | 65 | €75 | €55 | -€20 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €63,810 | €7,849 | -€55,961 | -87.7% |
| Income taxes | 67/77 | €15,966 | €1,722 | -€14,244 | -89.2% |
| Profit (loss) for the period | 9904 | €47,844 | €6,128 | -€41,717 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,844 | €6,128 | -€41,717 | -87.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.