MB DECLERCK: 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.
MB DECLERCK
Largest movements
- Receivables within one year +€128,866
up €128,866 (+47.1%), from €273,485 to €402,351
- Cash -€90,602
down €90,602 (-60.2%), from €150,473 to €59,870
mainly Contributions, distributions and other (-€175,000) and Receivables within one year (-€128,866)
- Tangible fixed assets -€47,756
down €47,756 (-3.4%), from €1.4m to €1.4m
of which Land and buildings: -€31,912
- Other debts -€80,719
down €80,719 (-31.6%), from €255,719 to €175,000
- Trade debts +€60,226
up €60,226 (+81.2%), from €74,203 to €134,429
- Gross operating margin -€306,354
down €306,354 (-39.8%), from €769,438 to €463,084
- Taxes -€80,736
down €80,736 (-56.9%), from €142,002 to €61,266
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.
Derived cash bridge
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 | €1,865,820 | €1,855,514 | -€10,306 | -0.6% |
| Fixed assets | 21/28 | €1,417,403 | €1,369,015 | -€48,389 | -3.4% |
| Intangible fixed assets | 21 | €843 | €210 | -€633 | -75.1% |
| Tangible fixed assets | 22/27 | €1,416,561 | €1,368,805 | -€47,756 | -3.4% |
| Land and buildings | 22 | €1,169,928 | €1,138,016 | -€31,912 | -2.7% |
| Plant, machinery and equipment | 23 | €244,572 | €229,209 | -€15,363 | -6.3% |
| Furniture and vehicles | 24 | €2,060 | €1,580 | -€480 | -23.3% |
| Current assets | 29/58 | €448,416 | €486,499 | +€38,083 | +8.5% |
| Amounts receivable within one year | 40/41 | €273,485 | €402,351 | +€128,866 | +47.1% |
| Other amounts receivable | 41 | €273,485 | €402,351 | +€128,866 | +47.1% |
| Cash at bank and in hand | 54/58 | €150,473 | €59,870 | -€90,602 | -60.2% |
| Deferred charges and accrued income | 490/1 | €24,459 | €24,278 | -€181 | -0.7% |
| Total equity and liabilities | 10/49 | €1,865,820 | €1,855,514 | -€10,306 | -0.6% |
| Equity | 10/15 | €1,420,826 | €1,426,760 | +€5,934 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,402,226 | €1,408,160 | +€5,934 | +0.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,383,476 | €1,389,410 | +€5,934 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €444,993 | €428,753 | -€16,240 | -3.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €444,993 | €425,253 | -€19,740 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €11,013 | €0 | -€11,013 | -100% |
| Financial debts | 43 | €25,337 | €33,868 | +€8,531 | +33.7% |
| Credit institutions | 430/8 | €25,337 | €33,868 | +€8,531 | +33.7% |
| Trade debts | 44 | €74,203 | €134,429 | +€60,226 | +81.2% |
| Suppliers | 440/4 | €74,203 | €134,429 | +€60,226 | +81.2% |
| Taxes, remuneration and social security | 45 | €78,721 | €81,956 | +€3,235 | +4.1% |
| Taxes | 450/3 | €66,822 | €66,822 | = | 0.0% |
| Remuneration and social security | 454/9 | €11,898 | €15,134 | +€3,235 | +27.2% |
| Other amounts payable | 47/48 | €255,719 | €175,000 | -€80,719 | -31.6% |
| Accrued charges and deferred income | 492/3 | - | €3,500 | +€3,500 | |
| Remuneration, social security and pensions | 62 | €154,278 | €149,126 | -€5,152 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,749 | €66,275 | +€6,526 | +10.9% |
| Other operating charges | 640/8 | €4,175 | €6,269 | +€2,094 | +50.2% |
| Gross operating margin | 9900 | €769,438 | €463,084 | -€306,354 | -39.8% |
| Operating profit (loss) | 9901 | €551,237 | €241,414 | -€309,823 | -56.2% |
| Financial income | 75/76B | €2,093 | €6,405 | +€4,312 | +206% |
| Recurring financial income | 75 | €2,093 | €6,405 | +€4,312 | +206% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,482 | €5,618 | +€3,136 | +126% |
| Recurring financial charges | 65 | €2,482 | €5,618 | +€3,136 | +126% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €550,848 | €242,200 | -€308,647 | -56.0% |
| Income taxes | 67/77 | €142,002 | €61,266 | -€80,736 | -56.9% |
| Profit (loss) for the period | 9904 | €408,845 | €180,934 | -€227,911 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €408,845 | €180,934 | -€227,911 | -55.7% |
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 20 October 2026 via checked.be.