DEVEUX PROJECTS: 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.
DEVEUX PROJECTS
Largest movements
- Current investments -€555,000
no longer reported in 2025 (was €555,000)
- Tangible fixed assets -€40,620
down €40,620 (-20.8%), from €194,993 to €154,373
of which Land and buildings: -€37,442
- Cash +€25,143
up €25,143 (+62.5%), from €40,242 to €65,386
mainly Current investments (+€555,000) and Depreciation (+€41,820)
- Reserves -€564,916
down €564,916 (-87.6%), from €645,037 to €80,120
- Gross operating margin +€39,459
up €39,459 (+54.8%), from €72,035 to €111,494
- Financial charges +€38,608
up €38,608 (+4908.6%), from €787 to €39,394
- Financial income -€11,601
down €11,601 (-59.8%), from €19,401 to €7,801
- Taxes +€1,341
up €1,341 (+7.1%), from €18,850 to €20,190
- Other operating charges -€1,160
down €1,160 (-12.3%), from €9,413 to €8,253
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 | €838,170 | €270,935 | -€567,235 | -67.7% |
| Fixed assets | 21/28 | €194,993 | €154,373 | -€40,620 | -20.8% |
| Tangible fixed assets | 22/27 | €194,993 | €154,373 | -€40,620 | -20.8% |
| Land and buildings | 22 | €183,261 | €145,819 | -€37,442 | -20.4% |
| Plant, machinery and equipment | 23 | €4,651 | €4,361 | -€289 | -6.2% |
| Furniture and vehicles | 24 | €7,082 | €4,192 | -€2,889 | -40.8% |
| Current assets | 29/58 | €643,176 | €116,562 | -€526,615 | -81.9% |
| Amounts receivable within one year | 40/41 | €47,934 | €51,176 | +€3,242 | +6.8% |
| Trade receivables | 40 | €12,738 | €8,715 | -€4,023 | -31.6% |
| Other amounts receivable | 41 | €35,197 | €42,462 | +€7,265 | +20.6% |
| Current investments | 50/53 | €555,000 | - | -€555,000 | |
| Cash at bank and in hand | 54/58 | €40,242 | €65,386 | +€25,143 | +62.5% |
| Total equity and liabilities | 10/49 | €838,170 | €270,935 | -€567,235 | -67.7% |
| Equity | 10/15 | €663,637 | €98,720 | -€564,916 | -85.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €645,037 | €80,120 | -€564,916 | -87.6% |
| Distributable reserves | 133 | €645,037 | €80,120 | -€564,916 | -87.6% |
| Amounts payable | 17/49 | €174,533 | €172,214 | -€2,319 | -1.3% |
| Amounts payable within one year | 42/48 | €174,533 | €172,214 | -€2,319 | -1.3% |
| Trade debts | 44 | €180 | €110 | -€70 | -38.7% |
| Suppliers | 440/4 | €180 | €110 | -€70 | -38.7% |
| Taxes, remuneration and social security | 45 | €693 | €3,759 | +€3,066 | +442.2% |
| Taxes | 450/3 | €693 | €3,759 | +€3,066 | +442.2% |
| Other amounts payable | 47/48 | €173,660 | €168,345 | -€5,315 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,909 | €41,820 | -€88 | -0.2% |
| Other operating charges | 640/8 | €9,413 | €8,253 | -€1,160 | -12.3% |
| Non-recurring operating charges | 66A | - | €9,553 | +€9,553 | |
| Gross operating margin | 9900 | €72,035 | €111,494 | +€39,459 | +54.8% |
| Operating profit (loss) | 9901 | €20,714 | €51,868 | +€31,154 | +150.4% |
| Financial income | 75/76B | €19,401 | €7,801 | -€11,601 | -59.8% |
| Recurring financial income | 75 | €19,401 | €7,801 | -€11,601 | -59.8% |
| Financial charges | 65/66B | €787 | €39,394 | +€38,608 | +4908.6% |
| Recurring financial charges | 65 | €787 | €39,394 | +€38,608 | +4908.6% |
| Profit (loss) for the period before taxes | 9903 | €39,329 | €20,274 | -€19,054 | -48.4% |
| Income taxes | 67/77 | €18,850 | €20,190 | +€1,341 | +7.1% |
| Profit (loss) for the period | 9904 | €20,479 | €84 | -€20,395 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,479 | €84 | -€20,395 | -99.6% |
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 4 October 2026 via checked.be.