DEVACHT MARTIN: 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.
DEVACHT MARTIN
Largest movements
- Cash +€55,004
up €55,004 (+79.9%), from €68,856 to €123,860
mainly Receivables within one year (+€50,580) and Depreciation (+€23,575)
- Receivables within one year -€50,580
down €50,580 (-70.8%), from €71,438 to €20,857
of which Trade receivables: -€55,276
- Stocks and contracts +€41,500
up €41,500 (+208%), from €20,000 to €61,500
- Tangible fixed assets -€23,575
down €23,575 (-44.8%), from €52,660 to €29,085
of which Furniture and vehicles: -€21,554
- Reserves +€12,787
up €12,787 (+11.5%), from €111,666 to €124,454
of which Distributable reserves: +€12,787
- Other debts +€5,492
up €5,492 (+9.7%), from €56,866 to €62,358
- Trade debts +€4,205
up €4,205 (+23.3%), from €18,048 to €22,253
- Gross operating margin +€38,281
up €38,281 (+30.7%), from €124,498 to €162,779
- Staff costs +€12,794
up €12,794 (+12.7%), from €100,842 to €113,636
- Taxes +€7,339
up €7,339 (+3,677%), from €200 to €7,538
- Depreciation +€3,103
up €3,103 (+15.2%), from €20,472 to €23,575
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 | €218,333 | €241,331 | +€22,999 | +10.5% |
| Fixed assets | 21/28 | €53,011 | €29,436 | -€23,575 | -44.5% |
| Tangible fixed assets | 22/27 | €52,660 | €29,085 | -€23,575 | -44.8% |
| Plant, machinery and equipment | 23 | €4,606 | €2,955 | -€1,651 | -35.8% |
| Furniture and vehicles | 24 | €46,754 | €25,200 | -€21,554 | -46.1% |
| Other tangible fixed assets | 26 | €1,300 | €930 | -€370 | -28.5% |
| Financial fixed assets | 28 | €351 | €351 | = | 0.0% |
| Current assets | 29/58 | €165,321 | €211,896 | +€46,574 | +28.2% |
| Stocks and contracts in progress | 3 | €20,000 | €61,500 | +€41,500 | +208% |
| Contracts in progress | 37 | €20,000 | €61,500 | +€41,500 | +208% |
| Amounts receivable within one year | 40/41 | €71,438 | €20,857 | -€50,580 | -70.8% |
| Trade receivables | 40 | €55,346 | €70 | -€55,276 | -99.9% |
| Other amounts receivable | 41 | €16,092 | €20,787 | +€4,696 | +29.2% |
| Cash at bank and in hand | 54/58 | €68,856 | €123,860 | +€55,004 | +79.9% |
| Deferred charges and accrued income | 490/1 | €5,028 | €5,678 | +€650 | +12.9% |
| Total equity and liabilities | 10/49 | €218,333 | €241,331 | +€22,999 | +10.5% |
| Equity | 10/15 | €143,064 | €155,852 | +€12,787 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,666 | €124,454 | +€12,787 | +11.5% |
| 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 | €109,806 | €122,594 | +€12,787 | +11.6% |
| Profit (loss) carried forward | 14 | €12,798 | €12,798 | = | 0.0% |
| Amounts payable | 17/49 | €75,268 | €85,480 | +€10,211 | +13.6% |
| Amounts payable within one year | 42/48 | €75,268 | €85,480 | +€10,211 | +13.6% |
| Trade debts | 44 | €18,048 | €22,253 | +€4,205 | +23.3% |
| Suppliers | 440/4 | €18,048 | €22,253 | +€4,205 | +23.3% |
| Taxes, remuneration and social security | 45 | €354 | €868 | +€514 | +145% |
| Taxes | 450/3 | €354 | €868 | +€514 | +145% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €56,866 | €62,358 | +€5,492 | +9.7% |
| Non-recurring operating income | 76A | €3,500 | €0 | -€3,500 | -100% |
| Remuneration, social security and pensions | 62 | €100,842 | €113,636 | +€12,794 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,472 | €23,575 | +€3,103 | +15.2% |
| Other operating charges | 640/8 | €3,678 | €5,093 | +€1,415 | +38.5% |
| Non-recurring operating charges | 66A | €2,343 | €0 | -€2,343 | -100% |
| Gross operating margin | 9900 | €124,498 | €162,779 | +€38,281 | +30.7% |
| Operating profit (loss) | 9901 | -€2,837 | €20,474 | +€23,312 | |
| Financial income | 75/76B | €174 | €608 | +€435 | +250% |
| Recurring financial income | 75 | €174 | €608 | +€435 | +250% |
| Financial charges | 65/66B | €475 | €757 | +€282 | +59.3% |
| Recurring financial charges | 65 | €475 | €757 | +€282 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,139 | €20,326 | +€23,465 | |
| Income taxes | 67/77 | €200 | €7,538 | +€7,339 | +3,677% |
| Profit (loss) for the period | 9904 | -€3,338 | €12,787 | +€16,126 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,338 | €12,787 | +€16,126 |
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 22 October 2026 via checked.be.