DEVESELEER: 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.
DEVESELEER
Largest movements
- Receivables after one year +€295,000
up €295,000 (+983%), from €30,000 to €325,000
- Cash -€141,574
down €141,574 (-42.6%), from €332,374 to €190,800
mainly Receivables after one year (-€295,000) and Contributions, distributions and other (-€182,449)
- Tangible fixed assets -€87,368
down €87,368 (-15.8%), from €554,468 to €467,100
of which Land and buildings: -€54,531
- Receivables within one year +€16,705
up €16,705 (+23.1%), from €72,452 to €89,157
of which Trade receivables: +€22,069
- Stocks and contracts +€15,922
up €15,922 (+26.7%), from €59,630 to €75,552
- Other debts +€183,684
up €183,684 (+8,005%), from €2,295 to €185,979
- Tax, wage and social debts +€73,111
up €73,111 (+943%), from €7,753 to €80,863
of which Taxes: +€72,961
- Debts after one year -€56,398
down €56,398 (-11.2%), from €503,649 to €447,252
- Reserves -€48,434
down €48,434 (-9.2%), from €526,245 to €477,811
of which Distributable reserves: -€48,434
- Short-term financial debts -€38,325
down €38,325 (-96.7%), from €39,626 to €1,300
- Gross operating margin +€55,631
up €55,631 (+8.9%), from €627,457 to €683,088
- Staff costs +€23,903
up €23,903 (+7.5%), from €317,499 to €341,402
- Depreciation +€17,706
up €17,706 (+17.5%), from €101,212 to €118,918
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.
Derived cash bridge
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 | €1,203,094 | €1,303,158 | +€100,064 | +8.3% |
| Fixed assets | 21/28 | €554,767 | €467,399 | -€87,368 | -15.7% |
| Tangible fixed assets | 22/27 | €554,468 | €467,100 | -€87,368 | -15.8% |
| Land and buildings | 22 | €385,096 | €330,565 | -€54,531 | -14.2% |
| Plant, machinery and equipment | 23 | €3,324 | €15,380 | +€12,056 | +363% |
| Furniture and vehicles | 24 | €166,048 | €121,155 | -€44,893 | -27.0% |
| Financial fixed assets | 28 | €299 | €299 | = | 0.0% |
| Current assets | 29/58 | €648,327 | €835,759 | +€187,432 | +28.9% |
| Amounts receivable after more than one year | 29 | €30,000 | €325,000 | +€295,000 | +983% |
| Other amounts receivable | 291 | €30,000 | €325,000 | +€295,000 | +983% |
| Stocks and contracts in progress | 3 | €59,630 | €75,552 | +€15,922 | +26.7% |
| Stocks | 30/36 | €59,630 | €75,552 | +€15,922 | +26.7% |
| Amounts receivable within one year | 40/41 | €72,452 | €89,157 | +€16,705 | +23.1% |
| Trade receivables | 40 | €26,632 | €48,701 | +€22,069 | +82.9% |
| Other amounts receivable | 41 | €45,820 | €40,456 | -€5,364 | -11.7% |
| Current investments | 50/53 | €153,442 | €155,250 | +€1,808 | +1.2% |
| Cash at bank and in hand | 54/58 | €332,374 | €190,800 | -€141,574 | -42.6% |
| Deferred charges and accrued income | 490/1 | €428 | €0 | -€428 | -100% |
| Total equity and liabilities | 10/49 | €1,203,094 | €1,303,158 | +€100,064 | +8.3% |
| Equity | 10/15 | €561,245 | €512,811 | -€48,434 | -8.6% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €526,245 | €477,811 | -€48,434 | -9.2% |
| Tax-exempt reserves | 132 | €3,320 | €3,320 | = | 0.0% |
| Distributable reserves | 133 | €522,924 | €474,490 | -€48,434 | -9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €641,849 | €790,347 | +€148,498 | +23.1% |
| Amounts payable after more than one year | 17 | €503,649 | €447,252 | -€56,398 | -11.2% |
| Financial debts | 170/4 | €503,649 | €447,252 | -€56,398 | -11.2% |
| Amounts payable within one year | 42/48 | €132,564 | €337,461 | +€204,898 | +155% |
| Current portion of amounts payable after more than one year | 42 | €60,231 | €56,398 | -€3,834 | -6.4% |
| Financial debts | 43 | €39,626 | €1,300 | -€38,325 | -96.7% |
| Credit institutions | 430/8 | €39,626 | €1,300 | -€38,325 | -96.7% |
| Trade debts | 44 | €22,659 | €12,921 | -€9,738 | -43.0% |
| Suppliers | 440/4 | €22,659 | €12,921 | -€9,738 | -43.0% |
| Taxes, remuneration and social security | 45 | €7,753 | €80,863 | +€73,111 | +943% |
| Taxes | 450/3 | €7,753 | €80,713 | +€72,961 | +941% |
| Remuneration and social security | 454/9 | €0 | €150 | +€150 | |
| Other amounts payable | 47/48 | €2,295 | €185,979 | +€183,684 | +8,005% |
| Accrued charges and deferred income | 492/3 | €5,636 | €5,634 | -€2 | 0.0% |
| Non-recurring operating income | 76A | - | €12,810 | +€12,810 | |
| Remuneration, social security and pensions | 62 | €317,499 | €341,402 | +€23,903 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,212 | €118,918 | +€17,706 | +17.5% |
| Other operating charges | 640/8 | €11,575 | €14,860 | +€3,285 | +28.4% |
| Gross operating margin | 9900 | €627,457 | €683,088 | +€55,631 | +8.9% |
| Operating profit (loss) | 9901 | €197,172 | €207,908 | +€10,737 | +5.4% |
| Financial income | 75/76B | €5,202 | €2,492 | -€2,710 | -52.1% |
| Recurring financial income | 75 | €5,202 | €2,492 | -€2,710 | -52.1% |
| Financial charges | 65/66B | €15,053 | €13,821 | -€1,232 | -8.2% |
| Recurring financial charges | 65 | €15,053 | €13,821 | -€1,232 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €187,320 | €196,579 | +€9,259 | +4.9% |
| Income taxes | 67/77 | €58,698 | €62,564 | +€3,867 | +6.6% |
| Profit (loss) for the period | 9904 | €128,623 | €134,015 | +€5,392 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,623 | €134,015 | +€5,392 | +4.2% |
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 18 October 2026 via checked.be.