STUDIEBUREAU 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.
STUDIEBUREAU DECLERCQ
Largest movements
- Receivables within one year -€21,472
down €21,472 (-27.1%), from €79,341 to €57,869
of which Trade receivables: -€27,673
- Cash -€10,277
down €10,277 (-24.9%), from €41,281 to €31,004
mainly Trade debts (-€63,234) and Other debts (-€455)
- Trade debts -€63,234
down €63,234 (-91.9%), from €68,822 to €5,588
- Reserves +€25,252
up €25,252 (+82.3%), from €30,669 to €55,921
- Tax, wage and social debts +€7,081
up €7,081 (+11048.7%), from €64 to €7,145
- Gross operating margin +€36,123
up €36,123 (+1912.8%), from €1,888 to €38,011
- Taxes +€11,749
up €11,749 (+3251.4%), from €361 to €12,111
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 | €121,724 | €90,368 | -€31,356 | -25.8% |
| Current assets | 29/58 | €121,724 | €90,368 | -€31,356 | -25.8% |
| Amounts receivable within one year | 40/41 | €79,341 | €57,869 | -€21,472 | -27.1% |
| Trade receivables | 40 | €49,650 | €21,977 | -€27,673 | -55.7% |
| Other amounts receivable | 41 | €29,691 | €35,892 | +€6,201 | +20.9% |
| Cash at bank and in hand | 54/58 | €41,281 | €31,004 | -€10,277 | -24.9% |
| Deferred charges and accrued income | 490/1 | €1,102 | €1,495 | +€393 | +35.6% |
| Total equity and liabilities | 10/49 | €121,724 | €90,368 | -€31,356 | -25.8% |
| Equity | 10/15 | €51,045 | €76,297 | +€25,252 | +49.5% |
| Contributions | 10/11 | €20,376 | €20,376 | = | 0.0% |
| Reserves | 13 | €30,669 | €55,921 | +€25,252 | +82.3% |
| Distributable reserves | 133 | €30,669 | €55,921 | +€25,252 | +82.3% |
| Amounts payable | 17/49 | €70,679 | €14,071 | -€56,609 | -80.1% |
| Amounts payable within one year | 42/48 | €70,679 | €14,071 | -€56,609 | -80.1% |
| Trade debts | 44 | €68,822 | €5,588 | -€63,234 | -91.9% |
| Suppliers | 440/4 | €68,822 | €5,588 | -€63,234 | -91.9% |
| Taxes, remuneration and social security | 45 | €64 | €7,145 | +€7,081 | +11048.7% |
| Taxes | 450/3 | €64 | €7,145 | +€7,081 | +11048.7% |
| Other amounts payable | 47/48 | €1,793 | €1,338 | -€455 | -25.4% |
| Other operating charges | 640/8 | €648 | €664 | +€16 | +2.5% |
| Gross operating margin | 9900 | €1,888 | €38,011 | +€36,123 | +1912.8% |
| Operating profit (loss) | 9901 | €1,241 | €37,348 | +€36,107 | +2910.4% |
| Financial income | 75/76B | €201 | €176 | -€25 | -12.6% |
| Recurring financial income | 75 | €201 | €176 | -€25 | -12.6% |
| Financial charges | 65/66B | €442 | €160 | -€282 | -63.7% |
| Recurring financial charges | 65 | €442 | €160 | -€282 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €999 | €37,363 | +€36,363 | +3639.1% |
| Income taxes | 67/77 | €361 | €12,111 | +€11,749 | +3251.4% |
| Profit (loss) for the period | 9904 | €638 | €25,252 | +€24,614 | +3858.8% |
| Profit (loss) for the period to be appropriated | 9905 | €638 | €25,252 | +€24,614 | +3858.8% |
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 12 October 2026 via checked.be.