PATRICK DECLERCK ELECTRONICS: 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.
PATRICK DECLERCK ELECTRONICS
Largest movements
- Tangible fixed assets -€50,331
down €50,331 (-35.0%), from €143,847 to €93,516
of which Furniture and vehicles: -€42,136
- Stocks and contracts -€35,078
down €35,078 (-26.1%), from €134,318 to €99,240
- Deferred charges and accrued income +€28,456
up €28,456 (+1788.1%), from €1,591 to €30,047
- Cash +€21,681
up €21,681 (+52.9%), from €40,954 to €62,635
mainly Short-term financial debts (+€50,000) and Stocks and contracts (+€35,078)
- Receivables within one year -€11,891
down €11,891 (-12.9%), from €92,226 to €80,336
of which Trade receivables: -€11,692
- Reserves -€64,375
down €64,375 (-28.6%), from €224,752 to €160,378
of which Distributable reserves: -€64,375
- Short-term financial debts +€50,000
up €50,000 (+66.7%), from €75,000 to €125,000
- Profit (loss) carried forward -€30,209
down €30,209 (-56.1%), from €53,895 to €23,686
- Current portion of long-term debt -€12,342
no longer reported in 2025 (was €12,342)
- Trade debts +€9,288
up €9,288 (+346.0%), from €2,685 to €11,973
- Gross operating margin -€115,744
down €115,744 (-77.9%), from €148,583 to €32,839
- Taxes -€34,884
no longer reported in 2025 (was €34,884)
- Staff costs +€33,724
new in 2025: €33,724
- Financial charges +€4,959
up €4,959 (+185.4%), from €2,675 to €7,634
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 | €415,693 | €367,631 | -€48,062 | -11.6% |
| Fixed assets | 21/28 | €146,603 | €95,373 | -€51,231 | -34.9% |
| Intangible fixed assets | 21 | €2,757 | €1,857 | -€900 | -32.6% |
| Tangible fixed assets | 22/27 | €143,847 | €93,516 | -€50,331 | -35.0% |
| Plant, machinery and equipment | 23 | €72,229 | €64,035 | -€8,194 | -11.3% |
| Furniture and vehicles | 24 | €71,618 | €29,481 | -€42,136 | -58.8% |
| Current assets | 29/58 | €269,090 | €272,258 | +€3,168 | +1.2% |
| Stocks and contracts in progress | 3 | €134,318 | €99,240 | -€35,078 | -26.1% |
| Stocks | 30/36 | €134,318 | €99,240 | -€35,078 | -26.1% |
| Amounts receivable within one year | 40/41 | €92,226 | €80,336 | -€11,891 | -12.9% |
| Trade receivables | 40 | €92,027 | €80,336 | -€11,692 | -12.7% |
| Other amounts receivable | 41 | €199 | - | -€199 | |
| Cash at bank and in hand | 54/58 | €40,954 | €62,635 | +€21,681 | +52.9% |
| Deferred charges and accrued income | 490/1 | €1,591 | €30,047 | +€28,456 | +1788.1% |
| Total equity and liabilities | 10/49 | €415,693 | €367,631 | -€48,062 | -11.6% |
| Equity | 10/15 | €303,647 | €209,064 | -€94,583 | -31.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €224,752 | €160,378 | -€64,375 | -28.6% |
| Tax-exempt reserves | 132 | €816 | €816 | = | 0.0% |
| Distributable reserves | 133 | €223,936 | €159,561 | -€64,375 | -28.7% |
| Profit (loss) carried forward | 14 | €53,895 | €23,686 | -€30,209 | -56.1% |
| Amounts payable | 17/49 | €112,046 | €158,567 | +€46,521 | +41.5% |
| Amounts payable within one year | 42/48 | €112,046 | €158,567 | +€46,521 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €12,342 | - | -€12,342 | |
| Financial debts | 43 | €75,000 | €125,000 | +€50,000 | +66.7% |
| Credit institutions | 430/8 | €75,000 | €125,000 | +€50,000 | +66.7% |
| Trade debts | 44 | €2,685 | €11,973 | +€9,288 | +346.0% |
| Suppliers | 440/4 | €2,685 | €11,973 | +€9,288 | +346.0% |
| Taxes, remuneration and social security | 45 | €21,080 | €20,183 | -€897 | -4.3% |
| Taxes | 450/3 | €21,080 | €11,196 | -€9,884 | -46.9% |
| Remuneration and social security | 454/9 | - | €8,987 | +€8,987 | |
| Other amounts payable | 47/48 | €939 | €1,411 | +€472 | +50.3% |
| Non-recurring operating income | 76A | - | €2,870 | +€2,870 | |
| Remuneration, social security and pensions | 62 | - | €33,724 | +€33,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,817 | €20,665 | -€153 | -0.7% |
| Other operating charges | 640/8 | €1,216 | €1,035 | -€181 | -14.9% |
| Gross operating margin | 9900 | €148,583 | €32,839 | -€115,744 | -77.9% |
| Operating profit (loss) | 9901 | €126,550 | -€22,584 | -€149,134 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €2,675 | €7,634 | +€4,959 | +185.4% |
| Recurring financial charges | 65 | €2,675 | €7,634 | +€4,959 | +185.4% |
| Profit (loss) for the period before taxes | 9903 | €123,874 | -€30,209 | -€154,083 | |
| Income taxes | 67/77 | €34,884 | - | -€34,884 | |
| Profit (loss) for the period | 9904 | €88,991 | -€30,209 | -€119,199 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,991 | -€30,209 | -€119,199 |
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 9 October 2026 via checked.be.