DEVELOP'MAN: 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.
DEVELOP'MAN
Largest movements
- Cash +€24,285
up €24,285 (+152.4%), from €15,938 to €40,223
mainly Depreciation (+€18,535) and Net result for the year (+€5,514)
- Tangible fixed assets -€18,535
down €18,535 (-8.0%), from €230,740 to €212,205
of which Land and buildings: -€11,240
- Deferred charges and accrued income -€4,784
down €4,784 (-93.0%), from €5,144 to €360
- Debts after one year -€7,466
down €7,466 (-5.8%), from €129,079 to €121,613
of which Financial debts: -€9,176
- Reserves +€5,514
up €5,514 (+5.5%), from €100,726 to €106,241
of which Tax-exempt reserves: +€5,514
- Depreciation -€5,075
down €5,075 (-21.5%), from €23,609 to €18,535
- Other operating charges -€1,766
down €1,766 (-38.2%), from €4,625 to €2,859
- Taxes +€1,720
up €1,720 (+50.6%), from €3,399 to €5,119
- Financial charges -€448
down €448 (-7.4%), from €6,086 to €5,638
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 | €271,162 | €272,888 | +€1,726 | +0.6% |
| Fixed assets | 21/28 | €242,040 | €223,505 | -€18,535 | -7.7% |
| Tangible fixed assets | 22/27 | €230,740 | €212,205 | -€18,535 | -8.0% |
| Land and buildings | 22 | €186,223 | €174,982 | -€11,240 | -6.0% |
| Furniture and vehicles | 24 | €28,312 | €22,116 | -€6,196 | -21.9% |
| Other tangible fixed assets | 26 | €16,205 | €15,107 | -€1,099 | -6.8% |
| Financial fixed assets | 28 | €11,300 | €11,300 | = | 0.0% |
| Current assets | 29/58 | €29,122 | €49,383 | +€20,261 | +69.6% |
| Amounts receivable within one year | 40/41 | €8,040 | €8,800 | +€760 | +9.5% |
| Trade receivables | 40 | €7,791 | €8,551 | +€760 | +9.8% |
| Other amounts receivable | 41 | €249 | €249 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,938 | €40,223 | +€24,285 | +152.4% |
| Deferred charges and accrued income | 490/1 | €5,144 | €360 | -€4,784 | -93.0% |
| Total equity and liabilities | 10/49 | €271,162 | €272,888 | +€1,726 | +0.6% |
| Equity | 10/15 | €106,926 | €112,441 | +€5,514 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,726 | €106,241 | +€5,514 | +5.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €5,514 | +€5,514 | |
| Distributable reserves | 133 | €98,866 | €98,866 | = | 0.0% |
| Amounts payable | 17/49 | €164,235 | €160,447 | -€3,788 | -2.3% |
| Amounts payable after more than one year | 17 | €129,079 | €121,613 | -€7,466 | -5.8% |
| Financial debts | 170/4 | €113,919 | €104,743 | -€9,176 | -8.1% |
| Other amounts payable | 178/9 | €15,160 | €16,870 | +€1,710 | +11.3% |
| Amounts payable within one year | 42/48 | €35,156 | €37,634 | +€2,478 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €8,763 | €9,176 | +€414 | +4.7% |
| Trade debts | 44 | €756 | €2,188 | +€1,432 | +189.5% |
| Suppliers | 440/4 | €756 | €2,188 | +€1,432 | +189.5% |
| Taxes, remuneration and social security | 45 | €3,828 | €5,284 | +€1,456 | +38.0% |
| Taxes | 450/3 | €3,828 | €5,284 | +€1,456 | +38.0% |
| Other amounts payable | 47/48 | €21,810 | €20,986 | -€824 | -3.8% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,609 | €18,535 | -€5,075 | -21.5% |
| Other operating charges | 640/8 | €4,625 | €2,859 | -€1,766 | -38.2% |
| Gross operating margin | 9900 | €37,753 | €37,665 | -€87 | -0.2% |
| Operating profit (loss) | 9901 | €9,519 | €16,271 | +€6,753 | +70.9% |
| Financial charges | 65/66B | €6,086 | €5,638 | -€448 | -7.4% |
| Recurring financial charges | 65 | €6,086 | €5,638 | -€448 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €3,432 | €10,633 | +€7,201 | +209.8% |
| Income taxes | 67/77 | €3,399 | €5,119 | +€1,720 | +50.6% |
| Profit (loss) for the period | 9904 | €33 | €5,514 | +€5,482 | +16768.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33 | €5,514 | +€5,482 | +16768.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.