DEVAUX Sébastien: 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 Sébastien
Largest movements
- Tangible fixed assets -€14,483
down €14,483 (-36.6%), from €39,612 to €25,129
of which Furniture and vehicles: -€10,599
- Receivables within one year +€1,450
up €1,450 (+6.8%), from €21,352 to €22,802
of which Trade receivables: +€1,030
- Cash +€844
up €844 (+23.1%), from €3,650 to €4,494
mainly Depreciation (+€17,483) and Trade debts (+€6,504)
- Debts after one year -€16,571
down €16,571 (-41.2%), from €40,195 to €23,623
- Trade debts +€6,504
up €6,504 (+188.3%), from €3,454 to €9,958
- Profit (loss) carried forward -€2,759
down €2,759 (-24.6%), from -€11,233 to -€13,991
- Financial charges -€4,062
down €4,062 (-73.7%), from €5,514 to €1,452
- Depreciation -€3,047
down €3,047 (-14.8%), from €20,530 to €17,483
- Gross operating margin +€2,359
up €2,359 (+8.8%), from €26,683 to €29,041
- Staff costs +€396
up €396 (+3.3%), from €12,049 to €12,444
- Other operating charges -€293
down €293 (-41.0%), from €714 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 | €64,614 | €52,425 | -€12,189 | -18.9% |
| Fixed assets | 21/28 | €39,612 | €25,129 | -€14,483 | -36.6% |
| Tangible fixed assets | 22/27 | €39,612 | €25,129 | -€14,483 | -36.6% |
| Plant, machinery and equipment | 23 | €6,410 | €2,526 | -€3,884 | -60.6% |
| Furniture and vehicles | 24 | €33,202 | €22,603 | -€10,599 | -31.9% |
| Current assets | 29/58 | €25,002 | €27,296 | +€2,294 | +9.2% |
| Amounts receivable within one year | 40/41 | €21,352 | €22,802 | +€1,450 | +6.8% |
| Trade receivables | 40 | €17,975 | €19,005 | +€1,030 | +5.7% |
| Other amounts receivable | 41 | €3,377 | €3,797 | +€420 | +12.4% |
| Cash at bank and in hand | 54/58 | €3,650 | €4,494 | +€844 | +23.1% |
| Total equity and liabilities | 10/49 | €64,614 | €52,425 | -€12,189 | -18.9% |
| Equity | 10/15 | €3,027 | €269 | -€2,759 | -91.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,233 | -€13,991 | -€2,759 | -24.6% |
| Amounts payable | 17/49 | €61,586 | €52,156 | -€9,430 | -15.3% |
| Amounts payable after more than one year | 17 | €40,195 | €23,623 | -€16,571 | -41.2% |
| Financial debts | 170/4 | €40,195 | €23,623 | -€16,571 | -41.2% |
| Amounts payable within one year | 42/48 | €21,392 | €28,463 | +€7,071 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €15,471 | €15,448 | -€23 | -0.2% |
| Trade debts | 44 | €3,454 | €9,958 | +€6,504 | +188.3% |
| Suppliers | 440/4 | €3,454 | €9,958 | +€6,504 | +188.3% |
| Taxes, remuneration and social security | 45 | €2,285 | €2,483 | +€198 | +8.7% |
| Remuneration and social security | 454/9 | €2,285 | €2,483 | +€198 | +8.7% |
| Other amounts payable | 47/48 | €181 | €574 | +€393 | +216.8% |
| Accrued charges and deferred income | 492/3 | - | €70 | +€70 | |
| Remuneration, social security and pensions | 62 | €12,049 | €12,444 | +€396 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,530 | €17,483 | -€3,047 | -14.8% |
| Other operating charges | 640/8 | €714 | €421 | -€293 | -41.0% |
| Gross operating margin | 9900 | €26,683 | €29,041 | +€2,359 | +8.8% |
| Operating profit (loss) | 9901 | -€6,610 | -€1,307 | +€5,303 | +80.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €5,514 | €1,452 | -€4,062 | -73.7% |
| Recurring financial charges | 65 | €5,514 | €1,452 | -€4,062 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,121 | -€2,759 | +€9,362 | +77.2% |
| Profit (loss) for the period | 9904 | -€12,121 | -€2,759 | +€9,362 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,121 | -€2,759 | +€9,362 | +77.2% |
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 3 October 2026 via checked.be.