Rogier DE CLERCQ: 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.
Rogier DE CLERCQ
Largest movements
- Receivables after one year +€255,000
new in 2025: €255,000
- Current investments +€79,420
new in 2025: €79,420
- Cash -€73,864
down €73,864 (-48.4%), from €152,611 to €78,747
mainly Contributions, distributions and other (-€300,000) and Receivables after one year (-€255,000)
- Receivables within one year +€41,121
up €41,121 (+52.4%), from €78,479 to €119,599
of which Trade receivables: +€20,985
- Other debts +€257,438
up €257,438 (+12,916%), from €1,993 to €259,431
- Reserves -€144,433
down €144,433 (-24.1%), from €600,384 to €455,951
of which Distributable reserves: -€144,433
- Tax, wage and social debts +€80,157
up €80,157 (+238%), from €33,708 to €113,866
of which Taxes: +€74,651
- Trade debts +€49,186
up €49,186 (+354%), from €13,908 to €63,095
- Debts after one year +€31,737
up €31,737 (+95.6%), from €33,211 to €64,948
- Gross operating margin +€339,505
up €339,505 (+65.4%), from €519,313 to €858,818
- Staff costs +€94,186
up €94,186 (+23.2%), from €406,323 to €500,509
- Taxes +€77,648
up €77,648 (+869%), from €8,937 to €86,586
- Other operating charges +€22,457
up €22,457 (+472%), from €4,756 to €27,213
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 | €737,137 | €1,026,338 | +€289,201 | +39.2% |
| Fixed assets | 21/28 | €475,673 | €467,785 | -€7,887 | -1.7% |
| Tangible fixed assets | 22/27 | €475,673 | €467,785 | -€7,887 | -1.7% |
| Land and buildings | 22 | €394,417 | €344,924 | -€49,493 | -12.5% |
| Plant, machinery and equipment | 23 | €38,069 | €27,541 | -€10,528 | -27.7% |
| Furniture and vehicles | 24 | - | €74,124 | +€74,124 | |
| Leasing and similar rights | 25 | €43,187 | €21,197 | -€21,990 | -50.9% |
| Current assets | 29/58 | €261,464 | €558,553 | +€297,088 | +114% |
| Amounts receivable after more than one year | 29 | - | €255,000 | +€255,000 | |
| Other amounts receivable | 291 | - | €255,000 | +€255,000 | |
| Stocks and contracts in progress | 3 | €29,363 | €24,736 | -€4,627 | -15.8% |
| Stocks | 30/36 | €29,363 | €24,736 | -€4,627 | -15.8% |
| Amounts receivable within one year | 40/41 | €78,479 | €119,599 | +€41,121 | +52.4% |
| Trade receivables | 40 | €70,355 | €91,340 | +€20,985 | +29.8% |
| Other amounts receivable | 41 | €8,124 | €28,260 | +€20,136 | +248% |
| Current investments | 50/53 | - | €79,420 | +€79,420 | |
| Cash at bank and in hand | 54/58 | €152,611 | €78,747 | -€73,864 | -48.4% |
| Deferred charges and accrued income | 490/1 | €1,011 | €1,050 | +€39 | +3.8% |
| Total equity and liabilities | 10/49 | €737,137 | €1,026,338 | +€289,201 | +39.2% |
| Equity | 10/15 | €618,984 | €474,551 | -€144,433 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €600,384 | €455,951 | -€144,433 | -24.1% |
| Tax-exempt reserves | 132 | €80,500 | €80,500 | = | 0.0% |
| Distributable reserves | 133 | €519,884 | €375,451 | -€144,433 | -27.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €118,153 | €551,787 | +€433,634 | +367% |
| Amounts payable after more than one year | 17 | €33,211 | €64,948 | +€31,737 | +95.6% |
| Financial debts | 170/4 | €33,211 | €64,948 | +€31,737 | +95.6% |
| Amounts payable within one year | 42/48 | €84,555 | €486,451 | +€401,897 | +475% |
| Current portion of amounts payable after more than one year | 42 | €26,488 | €41,650 | +€15,162 | +57.2% |
| Financial debts | 43 | €8,457 | €8,410 | -€47 | -0.6% |
| Credit institutions | 430/8 | €8,457 | €8,410 | -€47 | -0.6% |
| Trade debts | 44 | €13,908 | €63,095 | +€49,186 | +354% |
| Suppliers | 440/4 | €13,908 | €63,095 | +€49,186 | +354% |
| Taxes, remuneration and social security | 45 | €33,708 | €113,866 | +€80,157 | +238% |
| Taxes | 450/3 | €4,422 | €79,074 | +€74,651 | +1,688% |
| Remuneration and social security | 454/9 | €29,286 | €34,792 | +€5,506 | +18.8% |
| Other amounts payable | 47/48 | €1,993 | €259,431 | +€257,438 | +12,916% |
| Accrued charges and deferred income | 492/3 | €387 | €387 | = | 0.0% |
| Non-recurring operating income | 76A | - | €251,774 | +€251,774 | |
| Remuneration, social security and pensions | 62 | €406,323 | €500,509 | +€94,186 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,865 | €84,618 | +€7,754 | +10.1% |
| Other operating charges | 640/8 | €4,756 | €27,213 | +€22,457 | +472% |
| Gross operating margin | 9900 | €519,313 | €858,818 | +€339,505 | +65.4% |
| Operating profit (loss) | 9901 | €31,370 | €246,478 | +€215,109 | +686% |
| Financial income | 75/76B | €539 | €120 | -€419 | -77.8% |
| Recurring financial income | 75 | €539 | €120 | -€419 | -77.8% |
| Financial charges | 65/66B | €3,512 | €4,445 | +€934 | +26.6% |
| Recurring financial charges | 65 | €3,512 | €4,445 | +€934 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €28,397 | €242,153 | +€213,756 | +753% |
| Income taxes | 67/77 | €8,937 | €86,586 | +€77,648 | +869% |
| Profit (loss) for the period | 9904 | €19,459 | €155,567 | +€136,108 | +699% |
| Profit (loss) for the period to be appropriated | 9905 | €19,459 | €155,567 | +€136,108 | +699% |
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 31 October 2026 via checked.be.