DEVALIN: 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
DEVALIN
NACE 13.100, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.0m
2024 · €3.4m-€373,485
Equity
€10.8m
2024 · €8.2m+€2.5m
Cash
€2.5m
2024 · €492,682+€2.0m
Balance sheet total
€17.7m
2024 · €18.3m-€585,633
Largest movements
Assets
- Receivables within one year -€3.3m
down €3.3m (-40.6%), from €8.1m to €4.8m
of which Trade receivables: -€3.5m
- Current investments +€2.2m
new in 2025: €2.2m
- Cash +€2.0m
up €2.0m (+414.1%), from €492,682 to €2.5m
mainly Receivables within one year (+€3.3m) and Net result for the year (+€3.0m)
- Stocks and contracts -€1.4m
down €1.4m (-18.0%), from €7.7m to €6.3m
Equity and liabilities
- Reserves +€2.5m
up €2.5m (+35.6%), from €7.2m to €9.7m
of which Distributable reserves: +€1.6m
- Trade debts -€2.0m
down €2.0m (-27.9%), from €7.3m to €5.3m
- Accrued charges and deferred income -€544,671
down €544,671 (-99.0%), from €550,114 to €5,443
- Short-term financial debts -€239,697
down €239,697 (-38.8%), from €617,808 to €378,111
- Other debts -€237,529
down €237,529 (-34.5%), from €687,529 to €450,000
Income statement
- Turnover -€5.6m
down €5.6m (-21.5%), from €26.0m to €20.4m
- Goods and materials -€5.0m
down €5.0m (-26.1%), from €19.3m to €14.3m
of which Purchases: -€10.4m
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.
Result 2024
€3.4m
Turnover
-€5.6m
Other operating income
-€17,885
Goods and materials
+€5.0m
Services and other goods
+€172,698
Staff costs
+€57,156
Depreciation
-€7,088
Other operating charges
+€129
Financial income
+€30,173
Financial charges
-€26,630
Taxes
-€18,410
Deferred taxes and other
-€13
Result 2025
€3.0m
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.
From operations
+€5.0m
Investment
-€2.2m
Financing
-€749,697
Cash 2024
€492,682
From operations (derived)
+€5.0m
Net result for the year
+€3.0m
Depreciation
+€147,225
Stocks and contracts
+€1.4m
Receivables within one year
+€3.3m
Deferred charges and accrued income
+€8,277
Provisions
-€10,631
Trade debts
-€2.0m
Tax, wage and social debts
-€4,134
Other debts
-€237,529
Accrued charges and deferred income
-€544,671
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€8,755
Current investments
-€2.2m
Financing
-€749,697
Debts after one year
-€60,000
Short-term financial debts
-€239,697
Contributions, distributions and other
-€450,000
Cash 2025
€2.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,312,763 | €17,727,130 | -€585,633 | -3.2% |
| Fixed assets | 21/28 | €1,994,017 | €1,855,548 | -€138,470 | -6.9% |
| Tangible fixed assets | 22/27 | €1,994,017 | €1,855,548 | -€138,470 | -6.9% |
| Land and buildings | 22 | €1,825,741 | €1,721,108 | -€104,633 | -5.7% |
| Plant, machinery and equipment | 23 | €78,452 | €70,988 | -€7,464 | -9.5% |
| Furniture and vehicles | 24 | €89,824 | €63,452 | -€26,373 | -29.4% |
| Current assets | 29/58 | €16,318,745 | €15,871,582 | -€447,163 | -2.7% |
| Stocks and contracts in progress | 3 | €7,735,560 | €6,341,122 | -€1.4m | -18.0% |
| Stocks | 30/36 | €7,735,560 | €6,341,122 | -€1.4m | -18.0% |
| Goods purchased for resale | 34 | €7,735,560 | €6,341,122 | -€1.4m | -18.0% |
| Amounts receivable within one year | 40/41 | €8,077,427 | €4,797,895 | -€3.3m | -40.6% |
| Trade receivables | 40 | €7,732,963 | €4,279,228 | -€3.5m | -44.7% |
| Other amounts receivable | 41 | €344,463 | €518,666 | +€174,203 | +50.6% |
| Current investments | 50/53 | - | €2,195,000 | +€2.2m | |
| Other investments | 51/53 | - | €2,195,000 | +€2.2m | |
| Cash at bank and in hand | 54/58 | €492,682 | €2,532,766 | +€2.0m | +414.1% |
| Deferred charges and accrued income | 490/1 | €13,077 | €4,800 | -€8,277 | -63.3% |
| Total equity and liabilities | 10/49 | €18,312,763 | €17,727,130 | -€585,633 | -3.2% |
| Equity | 10/15 | €8,216,345 | €10,764,953 | +€2.5m | +31.0% |
| Contributions | 10/11 | €1,040,120 | €1,040,120 | = | 0.0% |
| Capital | 10 | €1,040,120 | €1,040,120 | = | 0.0% |
| Issued capital | 100 | €1,040,120 | €1,040,120 | = | 0.0% |
| Reserves | 13 | €7,168,259 | €9,717,319 | +€2.5m | +35.6% |
| Non-distributable reserves | 130/1 | €104,012 | €104,012 | = | 0.0% |
| Legal reserve | 130 | €104,012 | €104,012 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,389,247 | €3,348,307 | +€959,060 | +40.1% |
| Distributable reserves | 133 | €4,675,000 | €6,265,000 | +€1.6m | +34.0% |
| Profit (loss) carried forward | 14 | €7,966 | €7,514 | -€452 | -5.7% |
| Provisions and deferred taxes | 16 | €140,663 | €130,032 | -€10,631 | -7.6% |
| Deferred taxes | 168 | €140,663 | €130,032 | -€10,631 | -7.6% |
| Amounts payable | 17/49 | €9,955,755 | €6,832,145 | -€3.1m | -31.4% |
| Amounts payable after more than one year | 17 | €680,000 | €620,000 | -€60,000 | -8.8% |
| Financial debts | 170/4 | €680,000 | €620,000 | -€60,000 | -8.8% |
| Credit institutions | 173 | €680,000 | €620,000 | -€60,000 | -8.8% |
| Amounts payable within one year | 42/48 | €8,725,641 | €6,206,702 | -€2.5m | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 43 | €617,808 | €378,111 | -€239,697 | -38.8% |
| Credit institutions | 430/8 | €617,808 | €378,111 | -€239,697 | -38.8% |
| Trade debts | 44 | €7,309,090 | €5,271,511 | -€2.0m | -27.9% |
| Suppliers | 440/4 | €7,309,090 | €5,271,511 | -€2.0m | -27.9% |
| Taxes, remuneration and social security | 45 | €51,215 | €47,080 | -€4,134 | -8.1% |
| Taxes | 450/3 | €562 | €600 | +€38 | +6.8% |
| Remuneration and social security | 454/9 | €50,653 | €46,481 | -€4,172 | -8.2% |
| Other amounts payable | 47/48 | €687,529 | €450,000 | -€237,529 | -34.5% |
| Accrued charges and deferred income | 492/3 | €550,114 | €5,443 | -€544,671 | -99.0% |
| Operating income | 70/76A | €26,032,890 | €20,412,483 | -€5.6m | -21.6% |
| Turnover | 70 | €26,007,157 | €20,404,635 | -€5.6m | -21.5% |
| Other operating income | 74 | €25,733 | €7,848 | -€17,885 | -69.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €21,595,821 | €16,334,019 | -€5.3m | -24.4% |
| Goods for resale, raw materials and consumables | 60 | €19,314,398 | €14,275,491 | -€5.0m | -26.1% |
| Purchases | 600/8 | €23,263,180 | €12,881,053 | -€10.4m | -44.6% |
| Change in stocks: decrease (increase) | 609 | -€3,948,782 | €1,394,438 | +€5.3m | |
| Services and other goods | 61 | €1,822,055 | €1,649,356 | -€172,698 | -9.5% |
| Remuneration, social security and pensions | 62 | €281,318 | €224,162 | -€57,156 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,137 | €147,225 | +€7,088 | +5.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €37,913 | €37,784 | -€129 | -0.3% |
| Operating profit (loss) | 9901 | €4,437,069 | €4,078,465 | -€358,604 | -8.1% |
| Financial income | 75/76B | €1,266 | €31,439 | +€30,173 | +2383.2% |
| Recurring financial income | 75 | €1,266 | €31,439 | +€30,173 | +2383.2% |
| Other financial income | 752/9 | €1,266 | €31,439 | +€30,173 | +2383.2% |
| Financial charges | 65/66B | €109,548 | €136,178 | +€26,630 | +24.3% |
| Recurring financial charges | 65 | €109,548 | €136,178 | +€26,630 | +24.3% |
| Debt charges | 650 | €55,159 | €57,804 | +€2,645 | +4.8% |
| Other financial charges | 652/9 | €54,388 | €78,374 | +€23,985 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €4,328,787 | €3,973,726 | -€355,062 | -8.2% |
| Transfer from deferred taxes | 780 | €10,644 | €10,631 | -€13 | -0.1% |
| Income taxes | 67/77 | €967,338 | €985,748 | +€18,410 | +1.9% |
| Taxes | 670/3 | €967,338 | €985,748 | +€18,410 | +1.9% |
| Profit (loss) for the period | 9904 | €3,372,093 | €2,998,608 | -€373,485 | -11.1% |
| Transfer from tax-exempt reserves | 789 | €40,988 | €40,937 | -€51 | -0.1% |
| Transfer to tax-exempt reserves | 689 | €999,997 | €999,997 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,413,084 | €2,039,548 | -€373,536 | -15.5% |
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 2 October 2026 via checked.be.