DEVAUX-GUSTIN: 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.
DEVAUX-GUSTIN
Largest movements
- Cash +€15,265
up €15,265 (+25.2%), from €60,562 to €75,828
mainly Depreciation (+€13,267) and Tax, wage and social debts (+€5,631)
- Intangible fixed assets -€12,500
down €12,500 (-20.0%), from €62,500 to €50,000
- Receivables within one year -€2,262
down €2,262 (-2.8%), from €79,654 to €77,392
of which Other amounts receivable: -€19,952
- Deferred charges and accrued income -€2,128
down €2,128 (-46.7%), from €4,557 to €2,428
- Debts after one year -€12,666
down €12,666 (-23.6%), from €53,642 to €40,975
- Tax, wage and social debts +€5,631
up €5,631 (+208.8%), from €2,698 to €8,329
of which Taxes: +€6,802
- Trade debts +€4,876
up €4,876 (+6.2%), from €78,336 to €83,211
- Gross operating margin -€30,458
down €30,458 (-66.7%), from €45,669 to €15,211
- Staff costs -€28,553
down €28,553 (-99.4%), from €28,738 to €185
- Taxes -€1,138
down €1,138 (-73.0%), from €1,559 to €421
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 | €210,284 | €207,892 | -€2,392 | -1.1% |
| Fixed assets | 21/28 | €65,512 | €52,245 | -€13,267 | -20.3% |
| Intangible fixed assets | 21 | €62,500 | €50,000 | -€12,500 | -20.0% |
| Tangible fixed assets | 22/27 | €3,012 | €2,245 | -€767 | -25.5% |
| Furniture and vehicles | 24 | €1,698 | €1,125 | -€574 | -33.8% |
| Other tangible fixed assets | 26 | €1,314 | €1,120 | -€194 | -14.7% |
| Current assets | 29/58 | €144,772 | €155,647 | +€10,875 | +7.5% |
| Amounts receivable within one year | 40/41 | €79,654 | €77,392 | -€2,262 | -2.8% |
| Trade receivables | 40 | €57,975 | €75,665 | +€17,690 | +30.5% |
| Other amounts receivable | 41 | €21,679 | €1,727 | -€19,952 | -92.0% |
| Cash at bank and in hand | 54/58 | €60,562 | €75,828 | +€15,265 | +25.2% |
| Deferred charges and accrued income | 490/1 | €4,557 | €2,428 | -€2,128 | -46.7% |
| Total equity and liabilities | 10/49 | €210,284 | €207,892 | -€2,392 | -1.1% |
| Equity | 10/15 | €61,281 | €61,281 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,081 | €55,081 | = | 0.0% |
| Distributable reserves | 133 | €55,081 | €55,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €149,003 | €146,611 | -€2,392 | -1.6% |
| Amounts payable after more than one year | 17 | €53,642 | €40,975 | -€12,666 | -23.6% |
| Financial debts | 170/4 | €53,642 | €40,975 | -€12,666 | -23.6% |
| Amounts payable within one year | 42/48 | €94,819 | €105,356 | +€10,538 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €12,537 | €12,666 | +€129 | +1.0% |
| Trade debts | 44 | €78,336 | €83,211 | +€4,876 | +6.2% |
| Suppliers | 440/4 | €78,336 | €83,211 | +€4,876 | +6.2% |
| Taxes, remuneration and social security | 45 | €2,698 | €8,329 | +€5,631 | +208.8% |
| Taxes | 450/3 | €1,527 | €8,329 | +€6,802 | +445.3% |
| Remuneration and social security | 454/9 | €1,170 | - | -€1,170 | |
| Other amounts payable | 47/48 | €1,248 | €1,150 | -€98 | -7.9% |
| Accrued charges and deferred income | 492/3 | €543 | €280 | -€263 | -48.5% |
| Remuneration, social security and pensions | 62 | €28,738 | €185 | -€28,553 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,716 | €13,267 | -€449 | -3.3% |
| Other operating charges | 640/8 | €668 | €481 | -€187 | -28.0% |
| Gross operating margin | 9900 | €45,669 | €15,211 | -€30,458 | -66.7% |
| Operating profit (loss) | 9901 | €2,547 | €1,278 | -€1,269 | -49.8% |
| Financial income | 75/76B | €806 | €490 | -€315 | -39.1% |
| Recurring financial income | 75 | €806 | €490 | -€315 | -39.1% |
| Financial charges | 65/66B | €1,104 | €768 | -€336 | -30.4% |
| Recurring financial charges | 65 | €1,104 | €768 | -€336 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €2,248 | €1,000 | -€1,248 | -55.5% |
| Income taxes | 67/77 | €1,559 | €421 | -€1,138 | -73.0% |
| Profit (loss) for the period | 9904 | €690 | €580 | -€110 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €690 | €580 | -€110 | -16.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.