CYCLES DEVOS: 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.
What changed
CYCLES DEVOS
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€31,503
2023 · -€7,231+€38,734
Equity
€1.2m
2023 · €1.1m+€31,503
Cash
€332,386
2023 · €298,249+€34,137
Balance sheet total
€1.6m
2023 · €1.5m+€130,456
Largest movements
Assets
- Stocks and contracts +€104,363
up €104,363 (+13.4%), from €780,807 to €885,170
- Cash +€34,137
up €34,137 (+11.4%), from €298,249 to €332,386
mainly Trade debts (+€131,908) and Depreciation (+€48,652)
- Receivables within one year -€17,683
down €17,683 (-37.6%), from €47,046 to €29,363
of which Trade receivables: -€18,278
Equity and liabilities
- Trade debts +€131,908
up €131,908 (+174.1%), from €75,759 to €207,667
- Profit (loss) carried forward +€31,503
up €31,503 (+3.0%), from €1.0m to €1.1m
- Debts after one year -€27,554
down €27,554 (-15.4%), from €178,966 to €151,413
Income statement
- Gross operating margin +€68,111
up €68,111 (+12.7%), from €538,415 to €606,526
- Taxes +€16,315
up €16,315 (+621.9%), from €2,623 to €18,938
From the 2023 result to the 2024 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.
Result 2023
-€7,231
Gross operating margin
+€68,111
Staff costs
-€4,033
Depreciation
+€747
Other operating charges
-€5,556
Financial income
-€3,593
Financial charges
-€627
Taxes
-€16,315
Result 2024
€31,503
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€119,474
Investment
-€58,292
Financing
-€27,045
Cash 2023
€298,249
From operations (derived)
+€119,474
Net result for the year
+€31,503
Depreciation
+€48,652
Stocks and contracts
-€104,363
Receivables within one year
+€17,683
Trade debts
+€131,908
Tax, wage and social debts
-€5,728
Other debts
-€181
Investment (derived)
-€58,292
Investment in fixed assets (net)
-€58,292
Financing
-€27,045
Debts after one year
-€27,554
Current portion of long-term debt
+€542
Short-term financial debts
-€33
Cash 2024
€332,386
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,466,112 | €1,596,569 | +€130,456 | +8.9% |
| Fixed assets | 21/28 | €339,882 | €349,522 | +€9,640 | +2.8% |
| Tangible fixed assets | 22/27 | €338,496 | €348,135 | +€9,640 | +2.8% |
| Land and buildings | 22 | €276,000 | €258,000 | -€18,000 | -6.5% |
| Plant, machinery and equipment | 23 | €31,056 | €20,559 | -€10,497 | -33.8% |
| Furniture and vehicles | 24 | €26,034 | €65,848 | +€39,814 | +152.9% |
| Other tangible fixed assets | 26 | €5,406 | €3,728 | -€1,678 | -31.0% |
| Financial fixed assets | 28 | €1,387 | €1,387 | = | 0.0% |
| Current assets | 29/58 | €1,126,230 | €1,247,047 | +€120,817 | +10.7% |
| Stocks and contracts in progress | 3 | €780,807 | €885,170 | +€104,363 | +13.4% |
| Stocks | 30/36 | €780,807 | €885,170 | +€104,363 | +13.4% |
| Amounts receivable within one year | 40/41 | €47,046 | €29,363 | -€17,683 | -37.6% |
| Trade receivables | 40 | €32,563 | €14,285 | -€18,278 | -56.1% |
| Other amounts receivable | 41 | €14,483 | €15,078 | +€595 | +4.1% |
| Cash at bank and in hand | 54/58 | €298,249 | €332,386 | +€34,137 | +11.4% |
| Deferred charges and accrued income | 490/1 | €127 | €127 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,466,112 | €1,596,569 | +€130,456 | +8.9% |
| Equity | 10/15 | €1,130,129 | €1,161,631 | +€31,503 | +2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €21,520 | €21,520 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,320 | €15,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,046,609 | €1,078,111 | +€31,503 | +3.0% |
| Amounts payable | 17/49 | €335,984 | €434,937 | +€98,954 | +29.5% |
| Amounts payable after more than one year | 17 | €178,966 | €151,413 | -€27,554 | -15.4% |
| Financial debts | 170/4 | €178,966 | €151,413 | -€27,554 | -15.4% |
| Amounts payable within one year | 42/48 | €157,017 | €283,525 | +€126,508 | +80.6% |
| Current portion of amounts payable after more than one year | 42 | €27,012 | €27,554 | +€542 | +2.0% |
| Financial debts | 43 | €6,813 | €6,780 | -€33 | -0.5% |
| Credit institutions | 430/8 | €6,813 | €6,780 | -€33 | -0.5% |
| Trade debts | 44 | €75,759 | €207,667 | +€131,908 | +174.1% |
| Suppliers | 440/4 | €75,759 | €207,667 | +€131,908 | +174.1% |
| Taxes, remuneration and social security | 45 | €44,363 | €38,635 | -€5,728 | -12.9% |
| Taxes | 450/3 | €20,470 | €14,978 | -€5,492 | -26.8% |
| Remuneration and social security | 454/9 | €23,893 | €23,657 | -€236 | -1.0% |
| Other amounts payable | 47/48 | €3,070 | €2,889 | -€181 | -5.9% |
| Remuneration, social security and pensions | 62 | €462,272 | €466,305 | +€4,033 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,399 | €48,652 | -€747 | -1.5% |
| Other operating charges | 640/8 | €16,058 | €21,615 | +€5,556 | +34.6% |
| Gross operating margin | 9900 | €538,415 | €606,526 | +€68,111 | +12.7% |
| Operating profit (loss) | 9901 | €10,685 | €69,954 | +€59,268 | +554.7% |
| Financial income | 75/76B | €3,765 | €172 | -€3,593 | -95.4% |
| Recurring financial income | 75 | €3,765 | €172 | -€3,593 | -95.4% |
| Financial charges | 65/66B | €19,058 | €19,685 | +€627 | +3.3% |
| Recurring financial charges | 65 | €19,058 | €19,685 | +€627 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,608 | €50,441 | +€55,048 | |
| Income taxes | 67/77 | €2,623 | €18,938 | +€16,315 | +621.9% |
| Profit (loss) for the period | 9904 | -€7,231 | €31,503 | +€38,734 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,231 | €31,503 | +€38,734 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.