DEVIGNE & ASSOCIES: 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.
What changed
DEVIGNE & ASSOCIES
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€143,005
2024 · €342,258-€199,253
Equity
€315,626
2024 · €277,863+€37,763
Cash
€233,484
2024 · €222,372+€11,112
Balance sheet total
€990,245
2024 · €980,764+€9,481
Largest movements
Assets
- Current investments +€24,105
up €24,105 (+200.9%), from €12,000 to €36,105
- Tangible fixed assets -€16,155
down €16,155 (-10.9%), from €147,552 to €131,397
of which Land and buildings: -€10,031
- Cash +€11,112
up €11,112 (+5.0%), from €222,372 to €233,484
mainly Net result for the year (+€143,005) and Depreciation (+€19,231)
Equity and liabilities
- Reserves +€37,763
up €37,763 (+14.6%), from €259,263 to €297,026
- Other debts -€13,025
down €13,025 (-2.7%), from €485,869 to €472,844
Income statement
- Financial income -€193,405
down €193,405 (-99.1%), from €195,232 to €1,827
- Staff costs +€20,848
up €20,848 (+17.3%), from €120,701 to €141,549
- Gross operating margin +€9,164
up €9,164 (+2.6%), from €346,664 to €355,828
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.
Result 2024
€342,258
Gross operating margin
+€9,164
Staff costs
-€20,848
Depreciation
+€1,941
Write-downs
-€977
Other operating charges
-€607
Financial income
-€193,405
Financial charges
+€3,095
Taxes
+€2,385
Result 2025
€143,005
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.
From operations
+€149,925
Investment
-€24,105
Financing
-€114,708
Cash 2024
€222,372
From operations (derived)
+€149,925
Net result for the year
+€143,005
Depreciation
+€19,231
Receivables after one year
+€6,635
Stocks and contracts
-€5,413
Receivables within one year
+€9,546
Deferred charges and accrued income
-€4,263
Trade debts
+€450
Tax, wage and social debts
-€4,641
Other debts
-€13,025
Accrued charges and deferred income
-€1,598
Investment (derived)
-€24,105
Current investments
-€24,105
Financing
-€114,708
Debts after one year
-€9,486
Current portion of long-term debt
+€180
Short-term financial debts
-€160
Contributions, distributions and other
-€105,242
Cash 2025
€233,484
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €980,764 | €990,245 | +€9,481 | +1.0% |
| Fixed assets | 21/28 | €618,172 | €598,941 | -€19,231 | -3.1% |
| Intangible fixed assets | 21 | €18,080 | €15,004 | -€3,076 | -17.0% |
| Tangible fixed assets | 22/27 | €147,552 | €131,397 | -€16,155 | -10.9% |
| Land and buildings | 22 | €128,961 | €118,930 | -€10,031 | -7.8% |
| Plant, machinery and equipment | 23 | €418 | €314 | -€105 | -25.0% |
| Furniture and vehicles | 24 | €17,598 | €11,578 | -€6,019 | -34.2% |
| Other tangible fixed assets | 26 | €575 | €575 | = | 0.0% |
| Financial fixed assets | 28 | €452,540 | €452,540 | = | 0.0% |
| Current assets | 29/58 | €362,592 | €391,304 | +€28,712 | +7.9% |
| Amounts receivable after more than one year | 29 | €6,635 | €0 | -€6,635 | -100.0% |
| Other amounts receivable | 291 | €6,635 | €0 | -€6,635 | -100.0% |
| Stocks and contracts in progress | 3 | €6,683 | €12,096 | +€5,413 | +81.0% |
| Contracts in progress | 37 | €6,683 | €12,096 | +€5,413 | +81.0% |
| Amounts receivable within one year | 40/41 | €95,002 | €85,456 | -€9,546 | -10.0% |
| Trade receivables | 40 | €72,956 | €56,304 | -€16,652 | -22.8% |
| Other amounts receivable | 41 | €22,046 | €29,151 | +€7,105 | +32.2% |
| Current investments | 50/53 | €12,000 | €36,105 | +€24,105 | +200.9% |
| Cash at bank and in hand | 54/58 | €222,372 | €233,484 | +€11,112 | +5.0% |
| Deferred charges and accrued income | 490/1 | €19,901 | €24,164 | +€4,263 | +21.4% |
| Total equity and liabilities | 10/49 | €980,764 | €990,245 | +€9,481 | +1.0% |
| Equity | 10/15 | €277,863 | €315,626 | +€37,763 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €259,263 | €297,026 | +€37,763 | +14.6% |
| Distributable reserves | 133 | €259,263 | €297,026 | +€37,763 | +14.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €702,901 | €674,620 | -€28,281 | -4.0% |
| Amounts payable after more than one year | 17 | €133,671 | €124,186 | -€9,486 | -7.1% |
| Financial debts | 170/4 | €133,671 | €124,186 | -€9,486 | -7.1% |
| Amounts payable within one year | 42/48 | €567,551 | €550,353 | -€17,198 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €9,306 | €9,486 | +€180 | +1.9% |
| Financial debts | 43 | €170 | €10 | -€160 | -94.1% |
| Other loans | 439 | €170 | €10 | -€160 | -94.1% |
| Trade debts | 44 | €3,613 | €4,062 | +€450 | +12.4% |
| Suppliers | 440/4 | €3,613 | €4,062 | +€450 | +12.4% |
| Advances received on contracts in progress | 46 | €1,800 | €1,800 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €66,793 | €62,151 | -€4,641 | -6.9% |
| Taxes | 450/3 | €53,829 | €48,329 | -€5,499 | -10.2% |
| Remuneration and social security | 454/9 | €12,964 | €13,822 | +€858 | +6.6% |
| Other amounts payable | 47/48 | €485,869 | €472,844 | -€13,025 | -2.7% |
| Accrued charges and deferred income | 492/3 | €1,679 | €81 | -€1,598 | -95.2% |
| Remuneration, social security and pensions | 62 | €120,701 | €141,549 | +€20,848 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,172 | €19,231 | -€1,941 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €977 | +€977 | |
| Other operating charges | 640/8 | €2,338 | €2,944 | +€607 | +25.9% |
| Gross operating margin | 9900 | €346,664 | €355,828 | +€9,164 | +2.6% |
| Operating profit (loss) | 9901 | €202,454 | €191,126 | -€11,328 | -5.6% |
| Financial income | 75/76B | €195,232 | €1,827 | -€193,405 | -99.1% |
| Recurring financial income | 75 | €195,232 | €1,827 | -€193,405 | -99.1% |
| Financial charges | 65/66B | €7,306 | €4,211 | -€3,095 | -42.4% |
| Recurring financial charges | 65 | €7,306 | €4,211 | -€3,095 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €390,380 | €188,742 | -€201,638 | -51.7% |
| Income taxes | 67/77 | €48,123 | €45,738 | -€2,385 | -5.0% |
| Profit (loss) for the period | 9904 | €342,258 | €143,005 | -€199,253 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €342,258 | €143,005 | -€199,253 | -58.2% |
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 5 October 2026 via checked.be.