DEVIGNE: 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.
DEVIGNE
Largest movements
- Cash +€61,004
up €61,004 (+38.6%), from €157,935 to €218,939
mainly Receivables within one year (+€60,634) and Net result for the year (+€43,389)
- Receivables within one year -€60,634
down €60,634 (-62.1%), from €97,692 to €37,058
of which Other amounts receivable: -€96,925
- Intangible fixed assets -€4,755
down €4,755 (-5.9%), from €80,771 to €76,016
- Reserves +€11,892
up €11,892 (+6.6%), from €181,128 to €193,019
- Debts after one year -€6,054
down €6,054 (-5.6%), from €107,301 to €101,248
- Tax, wage and social debts -€4,597
down €4,597 (-15.9%), from €28,866 to €24,268
- Gross operating margin -€36,680
down €36,680 (-29.4%), from €124,913 to €88,233
- Taxes -€11,096
down €11,096 (-36.5%), from €30,367 to €19,271
- Depreciation +€3,030
up €3,030 (+16.8%), from €18,041 to €21,071
- Financial charges -€2,072
down €2,072 (-36.1%), from €5,733 to €3,661
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 | €373,257 | €371,041 | -€2,216 | -0.6% |
| Fixed assets | 21/28 | €117,123 | €114,467 | -€2,656 | -2.3% |
| Intangible fixed assets | 21 | €80,771 | €76,016 | -€4,755 | -5.9% |
| Tangible fixed assets | 22/27 | €36,019 | €38,118 | +€2,099 | +5.8% |
| Land and buildings | 22 | €2,891 | €2,501 | -€390 | -13.5% |
| Plant, machinery and equipment | 23 | €27,291 | €17,801 | -€9,490 | -34.8% |
| Furniture and vehicles | 24 | €5,837 | €14,414 | +€8,577 | +147% |
| Other tangible fixed assets | 26 | - | €3,402 | +€3,402 | |
| Financial fixed assets | 28 | €333 | €333 | = | 0.0% |
| Current assets | 29/58 | €256,133 | €256,574 | +€441 | +0.2% |
| Amounts receivable within one year | 40/41 | €97,692 | €37,058 | -€60,634 | -62.1% |
| Trade receivables | 40 | €757 | €37,048 | +€36,291 | +4,793% |
| Other amounts receivable | 41 | €96,935 | €10 | -€96,925 | -100.0% |
| Cash at bank and in hand | 54/58 | €157,935 | €218,939 | +€61,004 | +38.6% |
| Deferred charges and accrued income | 490/1 | €506 | €577 | +€71 | +14.0% |
| Total equity and liabilities | 10/49 | €373,257 | €371,041 | -€2,216 | -0.6% |
| Equity | 10/15 | €199,150 | €211,042 | +€11,892 | +6.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €181,128 | €193,019 | +€11,892 | +6.6% |
| Distributable reserves | 133 | €181,128 | €193,019 | +€11,892 | +6.6% |
| Profit (loss) carried forward | 14 | €11,822 | €11,822 | = | 0.0% |
| Amounts payable | 17/49 | €174,107 | €159,999 | -€14,107 | -8.1% |
| Amounts payable after more than one year | 17 | €107,301 | €101,248 | -€6,054 | -5.6% |
| Financial debts | 170/4 | €107,301 | €101,248 | -€6,054 | -5.6% |
| Amounts payable within one year | 42/48 | €66,450 | €58,607 | -€7,843 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €10,226 | €10,266 | +€39 | +0.4% |
| Trade debts | 44 | €4,050 | €4,131 | +€82 | +2.0% |
| Suppliers | 440/4 | €4,050 | €4,131 | +€82 | +2.0% |
| Taxes, remuneration and social security | 45 | €28,866 | €24,268 | -€4,597 | -15.9% |
| Taxes | 450/3 | €28,866 | €24,268 | -€4,597 | -15.9% |
| Other amounts payable | 47/48 | €23,308 | €19,941 | -€3,367 | -14.4% |
| Accrued charges and deferred income | 492/3 | €355 | €145 | -€210 | -59.2% |
| Non-recurring operating income | 76A | €88,867 | - | -€88,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,041 | €21,071 | +€3,030 | +16.8% |
| Other operating charges | 640/8 | €3,216 | €2,251 | -€965 | -30.0% |
| Gross operating margin | 9900 | €124,913 | €88,233 | -€36,680 | -29.4% |
| Operating profit (loss) | 9901 | €103,656 | €64,912 | -€38,744 | -37.4% |
| Financial income | 75/76B | €928 | €1,408 | +€480 | +51.8% |
| Recurring financial income | 75 | €928 | €1,408 | +€480 | +51.8% |
| Financial charges | 65/66B | €5,733 | €3,661 | -€2,072 | -36.1% |
| Recurring financial charges | 65 | €5,733 | €3,661 | -€2,072 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €98,851 | €62,659 | -€36,192 | -36.6% |
| Income taxes | 67/77 | €30,367 | €19,271 | -€11,096 | -36.5% |
| Profit (loss) for the period | 9904 | €68,484 | €43,389 | -€25,096 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,484 | €43,389 | -€25,096 | -36.6% |
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 17 October 2026 via checked.be.