Benoît DEVILLERS: what changed
Two fiscal 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.
Benoît DEVILLERS
Largest movements
- Receivables within one year +€39,290
up €39,290 (+60.3%), from €65,194 to €104,484
of which Trade receivables: +€42,393
- Tangible fixed assets -€27,916
down €27,916 (-17.7%), from €157,353 to €129,437
- Cash +€5,738
up €5,738 (+314.5%), from €1,824 to €7,562
mainly Depreciation (+€27,916) and Trade debts (+€17,453)
- Stocks and contracts +€3,825
up €3,825 (+34.6%), from €11,044 to €14,869
- Debts after one year -€17,692
down €17,692 (-23.8%), from €74,424 to €56,732
- Trade debts +€17,453
up €17,453 (+57.2%), from €30,497 to €47,949
- Other debts +€10,861
up €10,861 (+49.1%), from €22,127 to €32,988
- Short-term financial debts +€8,000
new in 2025: €8,000
- Tax, wage and social debts +€5,388
up €5,388 (+36.6%), from €14,741 to €20,129
of which Taxes: +€4,202
- Gross operating margin -€19,223
down €19,223 (-17.3%), from €111,297 to €92,073
- Staff costs -€9,586
down €9,586 (-16.0%), from €60,097 to €50,511
- Depreciation -€2,849
down €2,849 (-9.3%), from €30,765 to €27,916
- Other operating charges -€1,915
down €1,915 (-57.9%), from €3,310 to €1,395
- Taxes -€1,861
down €1,861 (-30.8%), from €6,042 to €4,181
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 | €239,690 | €260,736 | +€21,046 | +8.8% |
| Fixed assets | 21/28 | €157,353 | €129,437 | -€27,916 | -17.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €157,353 | €129,437 | -€27,916 | -17.7% |
| Land and buildings | 22 | €114,251 | €106,641 | -€7,610 | -6.7% |
| Plant, machinery and equipment | 23 | €19,421 | €12,145 | -€7,276 | -37.5% |
| Furniture and vehicles | 24 | €23,682 | €10,651 | -€13,031 | -55.0% |
| Current assets | 29/58 | €82,336 | €131,299 | +€48,962 | +59.5% |
| Stocks and contracts in progress | 3 | €11,044 | €14,869 | +€3,825 | +34.6% |
| Stocks | 30/36 | €11,044 | €14,869 | +€3,825 | +34.6% |
| Amounts receivable within one year | 40/41 | €65,194 | €104,484 | +€39,290 | +60.3% |
| Trade receivables | 40 | €62,091 | €104,484 | +€42,393 | +68.3% |
| Other amounts receivable | 41 | €3,103 | €0 | -€3,103 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,824 | €7,562 | +€5,738 | +314.5% |
| Deferred charges and accrued income | 490/1 | €4,274 | €4,383 | +€110 | +2.6% |
| Total equity and liabilities | 10/49 | €239,690 | €260,736 | +€21,046 | +8.8% |
| Equity | 10/15 | €76,602 | €77,245 | +€644 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,998 | €58,642 | +€644 | +1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,138 | €56,782 | +€644 | +1.1% |
| Profit (loss) carried forward | 14 | €3 | €3 | = | 0.0% |
| Investment grants | 15 | - | €0 | = | |
| Amounts payable | 17/49 | €163,088 | €183,490 | +€20,402 | +12.5% |
| Amounts payable after more than one year | 17 | €74,424 | €56,732 | -€17,692 | -23.8% |
| Financial debts | 170/4 | €74,424 | €56,732 | -€17,692 | -23.8% |
| Amounts payable within one year | 42/48 | €88,664 | €126,759 | +€38,094 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €21,300 | €17,692 | -€3,608 | -16.9% |
| Financial debts | 43 | - | €8,000 | +€8,000 | |
| Credit institutions | 430/8 | - | €8,000 | +€8,000 | |
| Trade debts | 44 | €30,497 | €47,949 | +€17,453 | +57.2% |
| Suppliers | 440/4 | €30,497 | €47,949 | +€17,453 | +57.2% |
| Taxes, remuneration and social security | 45 | €14,741 | €20,129 | +€5,388 | +36.6% |
| Taxes | 450/3 | €8,474 | €12,676 | +€4,202 | +49.6% |
| Remuneration and social security | 454/9 | €6,267 | €7,453 | +€1,186 | +18.9% |
| Other amounts payable | 47/48 | €22,127 | €32,988 | +€10,861 | +49.1% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €60,097 | €50,511 | -€9,586 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,765 | €27,916 | -€2,849 | -9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,756 | +€1,756 | |
| Other operating charges | 640/8 | €3,310 | €1,395 | -€1,915 | -57.9% |
| Gross operating margin | 9900 | €111,297 | €92,073 | -€19,223 | -17.3% |
| Operating profit (loss) | 9901 | €17,125 | €10,495 | -€6,630 | -38.7% |
| Financial income | 75/76B | €1,168 | - | -€1,168 | |
| Recurring financial income | 75 | €1,168 | - | -€1,168 | |
| Financial charges | 65/66B | €6,711 | €5,670 | -€1,040 | -15.5% |
| Recurring financial charges | 65 | €6,711 | €5,670 | -€1,040 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €11,582 | €4,825 | -€6,757 | -58.3% |
| Income taxes | 67/77 | €6,042 | €4,181 | -€1,861 | -30.8% |
| Profit (loss) for the period | 9904 | €5,540 | €644 | -€4,896 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,540 | €644 | -€4,896 | -88.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.