DEVALET MARTINE: 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.
DEVALET MARTINE
Largest movements
- Cash +€9,559
up €9,559 (+14.6%), from €65,338 to €74,897
mainly Net result for the year (+€14,250) and Depreciation (+€1,157)
- Receivables within one year +€6,235
up €6,235 (+77.3%), from €8,070 to €14,305
of which Trade receivables: +€5,330
- Tangible fixed assets -€1,157
down €1,157 (-34.1%), from €3,395 to €2,238
of which Plant, machinery and equipment: -€890
- Reserves +€14,250
up €14,250 (+61.2%), from €23,270 to €37,520
- Depreciation -€571
down €571 (-33.0%), from €1,728 to €1,157
- Financial income +€532
new in 2025: €532
- Gross operating margin +€513
up €513 (+2.4%), from €21,205 to €21,718
- Taxes +€491
up €491 (+9.3%), from €5,307 to €5,798
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 | €77,509 | €91,705 | +€14,196 | +18.3% |
| Fixed assets | 21/28 | €3,395 | €2,238 | -€1,157 | -34.1% |
| Tangible fixed assets | 22/27 | €3,395 | €2,238 | -€1,157 | -34.1% |
| Plant, machinery and equipment | 23 | €3,076 | €2,186 | -€890 | -28.9% |
| Furniture and vehicles | 24 | €319 | €52 | -€267 | -83.7% |
| Current assets | 29/58 | €74,114 | €89,467 | +€15,353 | +20.7% |
| Amounts receivable within one year | 40/41 | €8,070 | €14,305 | +€6,235 | +77.3% |
| Trade receivables | 40 | €8,070 | €13,400 | +€5,330 | +66.0% |
| Other amounts receivable | 41 | - | €905 | +€905 | |
| Cash at bank and in hand | 54/58 | €65,338 | €74,897 | +€9,559 | +14.6% |
| Deferred charges and accrued income | 490/1 | €706 | €265 | -€441 | -62.5% |
| Total equity and liabilities | 10/49 | €77,509 | €91,705 | +€14,196 | +18.3% |
| Equity | 10/15 | €71,072 | €85,322 | +€14,250 | +20.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,270 | €37,520 | +€14,250 | +61.2% |
| Distributable reserves | 133 | €23,270 | €37,520 | +€14,250 | +61.2% |
| Profit (loss) carried forward | 14 | €35,402 | €35,402 | = | 0.0% |
| Amounts payable | 17/49 | €6,437 | €6,383 | -€54 | -0.8% |
| Amounts payable within one year | 42/48 | €6,437 | €6,383 | -€54 | -0.8% |
| Trade debts | 44 | - | €404 | +€404 | |
| Suppliers | 440/4 | - | €404 | +€404 | |
| Taxes, remuneration and social security | 45 | €5,817 | €5,037 | -€780 | -13.4% |
| Taxes | 450/3 | €5,817 | €5,037 | -€780 | -13.4% |
| Other amounts payable | 47/48 | €620 | €942 | +€322 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,728 | €1,157 | -€571 | -33.0% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Non-recurring operating charges | 66A | - | €554 | +€554 | |
| Gross operating margin | 9900 | €21,205 | €21,718 | +€513 | +2.4% |
| Operating profit (loss) | 9901 | €19,090 | €19,607 | +€517 | +2.7% |
| Financial income | 75/76B | - | €532 | +€532 | |
| Recurring financial income | 75 | - | €532 | +€532 | |
| Financial charges | 65/66B | €98 | €91 | -€7 | -7.1% |
| Recurring financial charges | 65 | €98 | €91 | -€7 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €18,992 | €20,048 | +€1,056 | +5.6% |
| Income taxes | 67/77 | €5,307 | €5,798 | +€491 | +9.3% |
| Profit (loss) for the period | 9904 | €13,685 | €14,250 | +€565 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,685 | €14,250 | +€565 | +4.1% |
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 9 October 2026 via checked.be.