ALGEMENE BOUWWERKEN DEVOS MICHAEL: 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.
ALGEMENE BOUWWERKEN DEVOS MICHAEL
Largest movements
- Receivables within one year +€53,931
up €53,931 (+225%), from €23,989 to €77,919
of which Trade receivables: +€61,831
- Tangible fixed assets +€45,559
up €45,559 (+5.9%), from €775,593 to €821,151
of which Land and buildings: +€59,704
- Cash -€41,619
down €41,619 (-30.8%), from €134,945 to €93,326
mainly Investment in fixed assets (net) (-€125,849) and Receivables within one year (-€53,931)
- Stocks and contracts +€18,535
up €18,535 (+26.9%), from €68,904 to €87,439
of which Stocks: +€15,735
- Reserves +€84,335
up €84,335 (+23.6%), from €357,759 to €442,094
of which Distributable reserves: +€84,335
- Debts after one year -€38,080
down €38,080 (-8.5%), from €446,595 to €408,515
- Trade debts +€32,567
up €32,567 (+63.3%), from €51,409 to €83,976
- Staff costs -€26,083
down €26,083 (-12.8%), from €204,553 to €178,470
- Depreciation +€13,086
up €13,086 (+19.5%), from €67,205 to €80,290
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 | €1,008,375 | €1,085,719 | +€77,345 | +7.7% |
| Fixed assets | 21/28 | €775,593 | €821,151 | +€45,559 | +5.9% |
| Tangible fixed assets | 22/27 | €775,593 | €821,151 | +€45,559 | +5.9% |
| Land and buildings | 22 | €646,442 | €706,146 | +€59,704 | +9.2% |
| Plant, machinery and equipment | 23 | €28,694 | €34,089 | +€5,396 | +18.8% |
| Furniture and vehicles | 24 | €13,743 | €2,012 | -€11,731 | -85.4% |
| Leasing and similar rights | 25 | €86,714 | €78,904 | -€7,810 | -9.0% |
| Current assets | 29/58 | €232,782 | €264,568 | +€31,786 | +13.7% |
| Stocks and contracts in progress | 3 | €68,904 | €87,439 | +€18,535 | +26.9% |
| Stocks | 30/36 | €43,904 | €59,639 | +€15,735 | +35.8% |
| Contracts in progress | 37 | €25,000 | €27,800 | +€2,800 | +11.2% |
| Amounts receivable within one year | 40/41 | €23,989 | €77,919 | +€53,931 | +225% |
| Trade receivables | 40 | €10,353 | €72,184 | +€61,831 | +597% |
| Other amounts receivable | 41 | €13,636 | €5,736 | -€7,901 | -57.9% |
| Cash at bank and in hand | 54/58 | €134,945 | €93,326 | -€41,619 | -30.8% |
| Deferred charges and accrued income | 490/1 | €4,944 | €5,884 | +€940 | +19.0% |
| Total equity and liabilities | 10/49 | €1,008,375 | €1,085,719 | +€77,345 | +7.7% |
| Equity | 10/15 | €374,759 | €459,094 | +€84,335 | +22.5% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €357,759 | €442,094 | +€84,335 | +23.6% |
| Tax-exempt reserves | 132 | €17,850 | €17,850 | = | 0.0% |
| Distributable reserves | 133 | €339,909 | €424,244 | +€84,335 | +24.8% |
| Amounts payable | 17/49 | €633,615 | €626,625 | -€6,990 | -1.1% |
| Amounts payable after more than one year | 17 | €446,595 | €408,515 | -€38,080 | -8.5% |
| Financial debts | 170/4 | €446,595 | €408,515 | -€38,080 | -8.5% |
| Amounts payable within one year | 42/48 | €184,581 | €217,590 | +€33,010 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €47,461 | €38,080 | -€9,382 | -19.8% |
| Trade debts | 44 | €51,409 | €83,976 | +€32,567 | +63.3% |
| Suppliers | 440/4 | €51,409 | €83,976 | +€32,567 | +63.3% |
| Taxes, remuneration and social security | 45 | €12,471 | €11,605 | -€867 | -7.0% |
| Taxes | 450/3 | €6,036 | €11,605 | +€5,568 | +92.2% |
| Remuneration and social security | 454/9 | €6,435 | - | -€6,435 | |
| Other amounts payable | 47/48 | €73,239 | €83,930 | +€10,691 | +14.6% |
| Accrued charges and deferred income | 492/3 | €2,440 | €520 | -€1,920 | -78.7% |
| Remuneration, social security and pensions | 62 | €204,553 | €178,470 | -€26,083 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,205 | €80,290 | +€13,086 | +19.5% |
| Other operating charges | 640/8 | €4,554 | €4,673 | +€119 | +2.6% |
| Gross operating margin | 9900 | €393,346 | €394,085 | +€739 | +0.2% |
| Operating profit (loss) | 9901 | €117,034 | €130,652 | +€13,618 | +11.6% |
| Financial income | 75/76B | - | €109 | +€109 | |
| Recurring financial income | 75 | - | €109 | +€109 | |
| Financial charges | 65/66B | €16,296 | €15,668 | -€628 | -3.9% |
| Recurring financial charges | 65 | €16,296 | €15,668 | -€628 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €100,738 | €115,092 | +€14,354 | +14.2% |
| Income taxes | 67/77 | €27,612 | €30,758 | +€3,145 | +11.4% |
| Profit (loss) for the period | 9904 | €73,126 | €84,335 | +€11,209 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,126 | €84,335 | +€11,209 | +15.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.