Notaris Dirk 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.
Notaris Dirk Declercq
Largest movements
- Cash -€82,680
down €82,680 (-11.4%), from €725,170 to €642,490
mainly Contributions, distributions and other (-€171,500) and Trade debts (-€11,233)
- Reserves -€149,700
down €149,700 (-23.8%), from €630,200 to €480,500
- Other debts +€66,280
up €66,280 (+61.0%), from €108,695 to €174,975
- Tax, wage and social debts +€17,803
up €17,803 (+232%), from €7,676 to €25,479
of which Taxes: +€20,053
- Trade debts -€11,233
down €11,233 (-87.7%), from €12,803 to €1,570
- Accrued charges and deferred income -€9,044
down €9,044 (-60.5%), from €14,950 to €5,906
- Gross operating margin -€961,161
down €961,161 (-95.4%), from €1.0m to €46,590
- Staff costs -€294,974
no longer reported in 2025 (was €294,974)
- Taxes -€184,939
down €184,939 (-94.4%), from €195,873 to €10,934
- Other operating charges -€40,990
down €40,990 (-88.5%), from €46,302 to €5,311
- Financial charges -€12,571
down €12,571 (-99.2%), from €12,668 to €97
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 | €875,300 | €789,435 | -€85,865 | -9.8% |
| Fixed assets | 21/28 | €54,217 | €52,240 | -€1,977 | -3.6% |
| Tangible fixed assets | 22/27 | €54,217 | €52,240 | -€1,977 | -3.6% |
| Plant, machinery and equipment | 23 | €1,348 | €411 | -€936 | -69.5% |
| Furniture and vehicles | 24 | - | €3,802 | +€3,802 | |
| Other tangible fixed assets | 26 | €52,869 | €48,026 | -€4,843 | -9.2% |
| Current assets | 29/58 | €821,084 | €737,195 | -€83,888 | -10.2% |
| Amounts receivable within one year | 40/41 | €93,381 | €92,067 | -€1,314 | -1.4% |
| Trade receivables | 40 | €2,395 | €56,696 | +€54,301 | +2,267% |
| Other amounts receivable | 41 | €90,985 | €35,371 | -€55,615 | -61.1% |
| Cash at bank and in hand | 54/58 | €725,170 | €642,490 | -€82,680 | -11.4% |
| Deferred charges and accrued income | 490/1 | €2,533 | €2,638 | +€105 | +4.2% |
| Total equity and liabilities | 10/49 | €875,300 | €789,435 | -€85,865 | -9.8% |
| Equity | 10/15 | €731,176 | €581,506 | -€149,670 | -20.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €630,200 | €480,500 | -€149,700 | -23.8% |
| Distributable reserves | 133 | €630,200 | €480,500 | -€149,700 | -23.8% |
| Profit (loss) carried forward | 14 | €976 | €1,006 | +€30 | +3.0% |
| Amounts payable | 17/49 | €144,124 | €207,930 | +€63,806 | +44.3% |
| Amounts payable within one year | 42/48 | €129,174 | €202,024 | +€72,849 | +56.4% |
| Trade debts | 44 | €12,803 | €1,570 | -€11,233 | -87.7% |
| Suppliers | 440/4 | €12,803 | €1,570 | -€11,233 | -87.7% |
| Taxes, remuneration and social security | 45 | €7,676 | €25,479 | +€17,803 | +232% |
| Taxes | 450/3 | €5,426 | €25,479 | +€20,053 | +370% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €108,695 | €174,975 | +€66,280 | +61.0% |
| Accrued charges and deferred income | 492/3 | €14,950 | €5,906 | -€9,044 | -60.5% |
| Remuneration, social security and pensions | 62 | €294,974 | - | -€294,974 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,987 | €10,466 | -€1,521 | -12.7% |
| Other operating charges | 640/8 | €46,302 | €5,311 | -€40,990 | -88.5% |
| Gross operating margin | 9900 | €1,007,751 | €46,590 | -€961,161 | -95.4% |
| Operating profit (loss) | 9901 | €654,488 | €30,812 | -€623,676 | -95.3% |
| Financial income | 75/76B | €4,911 | €2,048 | -€2,863 | -58.3% |
| Recurring financial income | 75 | €4,911 | €2,048 | -€2,863 | -58.3% |
| Financial charges | 65/66B | €12,668 | €97 | -€12,571 | -99.2% |
| Recurring financial charges | 65 | €12,668 | €97 | -€12,571 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €646,731 | €32,764 | -€613,968 | -94.9% |
| Income taxes | 67/77 | €195,873 | €10,934 | -€184,939 | -94.4% |
| Profit (loss) for the period | 9904 | €450,858 | €21,830 | -€429,029 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €450,858 | €21,830 | -€429,029 | -95.2% |
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 29 October 2026 via checked.be.