DE DONDER - 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.
DE DONDER - DEVOS
Largest movements
- Cash +€46,264
up €46,264 (+14.8%), from €312,697 to €358,961
mainly Net result for the year (+€134,772) and Other debts (+€91,569)
- Current investments +€35,920
up €35,920 (+3.7%), from €979,646 to €1.0m
- Receivables within one year +€22,888
up €22,888 (+29.8%), from €76,815 to €99,703
of which Other amounts receivable: +€14,227
- Other debts +€91,569
up €91,569 (+5088.6%), from €1,800 to €93,368
- Current portion of long-term debt -€38,544
down €38,544 (-76.0%), from €50,710 to €12,167
- Reserves +€35,000
up €35,000 (+5.2%), from €668,692 to €703,692
of which Distributable reserves: +€35,000
- Gross operating margin -€117,911
down €117,911 (-31.5%), from €374,497 to €256,586
- Staff costs -€30,885
down €30,885 (-35.3%), from €87,511 to €56,626
- Taxes -€26,640
down €26,640 (-30.5%), from €87,331 to €60,691
- Financial income +€7,199
up €7,199 (+53.3%), from €13,514 to €20,713
of which Financial income: +€7,615
- Other operating charges +€5,193
up €5,193 (+154.7%), from €3,356 to €8,549
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 | €1,643,574 | €1,732,706 | +€89,131 | +5.4% |
| Fixed assets | 21/28 | €271,856 | €256,195 | -€15,661 | -5.8% |
| Tangible fixed assets | 22/27 | €269,956 | €254,295 | -€15,661 | -5.8% |
| Land and buildings | 22 | €253,468 | €244,894 | -€8,574 | -3.4% |
| Plant, machinery and equipment | 23 | €6,793 | €4,270 | -€2,523 | -37.1% |
| Furniture and vehicles | 24 | €9,695 | €5,131 | -€4,564 | -47.1% |
| Financial fixed assets | 28 | €1,901 | €1,901 | = | 0.0% |
| Current assets | 29/58 | €1,371,718 | €1,476,510 | +€104,792 | +7.6% |
| Stocks and contracts in progress | 3 | €2,560 | €2,280 | -€280 | -10.9% |
| Stocks | 30/36 | €2,560 | €2,280 | -€280 | -10.9% |
| Amounts receivable within one year | 40/41 | €76,815 | €99,703 | +€22,888 | +29.8% |
| Trade receivables | 40 | €41,734 | €50,395 | +€8,661 | +20.8% |
| Other amounts receivable | 41 | €35,081 | €49,308 | +€14,227 | +40.6% |
| Current investments | 50/53 | €979,646 | €1,015,566 | +€35,920 | +3.7% |
| Cash at bank and in hand | 54/58 | €312,697 | €358,961 | +€46,264 | +14.8% |
| Total equity and liabilities | 10/49 | €1,643,574 | €1,732,706 | +€89,131 | +5.4% |
| Equity | 10/15 | €1,534,104 | €1,574,581 | +€40,477 | +2.6% |
| Contributions | 10/11 | €6,177 | €6,177 | = | 0.0% |
| Outside capital | 11 | €6,177 | €6,177 | = | 0.0% |
| Other | 1109/19 | €6,177 | €6,177 | = | 0.0% |
| Reserves | 13 | €668,692 | €703,692 | +€35,000 | +5.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €651,833 | €686,833 | +€35,000 | +5.4% |
| Profit (loss) carried forward | 14 | €859,235 | €864,713 | +€5,477 | +0.6% |
| Provisions and deferred taxes | 16 | €231 | €231 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €231 | €231 | = | 0.0% |
| Other liabilities and charges | 164/5 | €231 | €231 | = | 0.0% |
| Amounts payable | 17/49 | €109,240 | €157,893 | +€48,654 | +44.5% |
| Amounts payable after more than one year | 17 | €12,167 | - | -€12,167 | |
| Financial debts | 170/4 | €12,167 | - | -€12,167 | |
| Amounts payable within one year | 42/48 | €97,073 | €150,503 | +€53,430 | +55.0% |
| Current portion of amounts payable after more than one year | 42 | €50,710 | €12,167 | -€38,544 | -76.0% |
| Trade debts | 44 | €24,031 | €25,008 | +€977 | +4.1% |
| Suppliers | 440/4 | €24,031 | €25,008 | +€977 | +4.1% |
| Taxes, remuneration and social security | 45 | €20,531 | €19,960 | -€572 | -2.8% |
| Taxes | 450/3 | €19,000 | €18,289 | -€712 | -3.7% |
| Remuneration and social security | 454/9 | €1,531 | €1,671 | +€140 | +9.1% |
| Other amounts payable | 47/48 | €1,800 | €93,368 | +€91,569 | +5088.6% |
| Accrued charges and deferred income | 492/3 | - | €7,391 | +€7,391 | |
| Remuneration, social security and pensions | 62 | €87,511 | €56,626 | -€30,885 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,718 | €15,661 | +€943 | +6.4% |
| Other operating charges | 640/8 | €3,356 | €8,549 | +€5,193 | +154.7% |
| Gross operating margin | 9900 | €374,497 | €256,586 | -€117,911 | -31.5% |
| Operating profit (loss) | 9901 | €268,911 | €175,749 | -€93,162 | -34.6% |
| Financial income | 75/76B | €13,514 | €20,713 | +€7,199 | +53.3% |
| Recurring financial income | 75 | €13,098 | €20,713 | +€7,615 | +58.1% |
| Non-recurring financial income | 76B | €416 | - | -€416 | |
| Financial charges | 65/66B | €1,498 | €999 | -€499 | -33.3% |
| Recurring financial charges | 65 | €1,498 | €999 | -€499 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €280,927 | €195,463 | -€85,464 | -30.4% |
| Income taxes | 67/77 | €87,331 | €60,691 | -€26,640 | -30.5% |
| Profit (loss) for the period | 9904 | €193,596 | €134,772 | -€58,824 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €193,596 | €134,772 | -€58,824 | -30.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.