DEVILLERS MARCHANDISSE: 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.
DEVILLERS MARCHANDISSE
Largest movements
- Stocks and contracts +€138,746
up €138,746 (+12.7%), from €1.1m to €1.2m
- Tangible fixed assets -€65,236
down €65,236 (-5.0%), from €1.3m to €1.2m
of which Land and buildings: -€63,760
- Receivables within one year +€44,796
up €44,796 (+29.8%), from €150,495 to €195,292
of which Trade receivables: +€65,965
- Trade debts +€154,475
up €154,475 (+126%), from €122,280 to €276,755
- Debts after one year -€119,461
down €119,461 (-10.1%), from €1.2m to €1.1m
of which Financial debts: -€94,713
- Short-term financial debts -€75,025
down €75,025 (-39.5%), from €190,000 to €114,975
- Other debts +€65,594
new in 2025: €65,594
- Reserves +€38,800
up €38,800 (+19.9%), from €195,436 to €234,236
of which Distributable reserves: +€40,000
- Gross operating margin +€47,824
up €47,824 (+27.1%), from €176,691 to €224,514
- Taxes +€18,057
up €18,057 (+110%), from €16,476 to €34,532
- Depreciation -€14,082
down €14,082 (-15.8%), from €89,225 to €75,144
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 | €2,672,706 | €2,785,207 | +€112,500 | +4.2% |
| Fixed assets | 21/28 | €1,308,749 | €1,242,453 | -€66,296 | -5.1% |
| Intangible fixed assets | 21 | €6,393 | €5,334 | -€1,060 | -16.6% |
| Tangible fixed assets | 22/27 | €1,298,306 | €1,233,070 | -€65,236 | -5.0% |
| Land and buildings | 22 | €1,271,457 | €1,207,697 | -€63,760 | -5.0% |
| Plant, machinery and equipment | 23 | €9,203 | €13,405 | +€4,202 | +45.7% |
| Furniture and vehicles | 24 | €17,646 | €11,968 | -€5,678 | -32.2% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €1,363,957 | €1,542,753 | +€178,796 | +13.1% |
| Stocks and contracts in progress | 3 | €1,089,254 | €1,228,000 | +€138,746 | +12.7% |
| Stocks | 30/36 | €1,089,254 | €1,228,000 | +€138,746 | +12.7% |
| Amounts receivable within one year | 40/41 | €150,495 | €195,292 | +€44,796 | +29.8% |
| Trade receivables | 40 | €124,709 | €190,674 | +€65,965 | +52.9% |
| Other amounts receivable | 41 | €25,786 | €4,617 | -€21,169 | -82.1% |
| Current investments | 50/53 | €16,252 | €16,252 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,890 | €28,575 | +€16,685 | +140% |
| Deferred charges and accrued income | 490/1 | €96,066 | €74,635 | -€21,431 | -22.3% |
| Total equity and liabilities | 10/49 | €2,672,706 | €2,785,207 | +€112,500 | +4.2% |
| Equity | 10/15 | €1,037,698 | €1,108,532 | +€70,834 | +6.8% |
| Contributions | 10/11 | €263,618 | €263,618 | = | 0.0% |
| Reserves | 13 | €195,436 | €234,236 | +€38,800 | +19.9% |
| Tax-exempt reserves | 132 | €52,226 | €51,026 | -€1,200 | -2.3% |
| Distributable reserves | 133 | €143,211 | €183,211 | +€40,000 | +27.9% |
| Profit (loss) carried forward | 14 | €578,644 | €610,678 | +€32,034 | +5.5% |
| Provisions and deferred taxes | 16 | €4,500 | €4,200 | -€300 | -6.7% |
| Deferred taxes | 168 | €4,500 | €4,200 | -€300 | -6.7% |
| Amounts payable | 17/49 | €1,630,508 | €1,672,475 | +€41,967 | +2.6% |
| Amounts payable after more than one year | 17 | €1,187,236 | €1,067,776 | -€119,461 | -10.1% |
| Financial debts | 170/4 | €891,273 | €796,560 | -€94,713 | -10.6% |
| Other amounts payable | 178/9 | €295,963 | €271,215 | -€24,748 | -8.4% |
| Amounts payable within one year | 42/48 | €425,409 | €588,241 | +€162,832 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €95,228 | €96,148 | +€920 | +1.0% |
| Financial debts | 43 | €190,000 | €114,975 | -€75,025 | -39.5% |
| Credit institutions | 430/8 | €190,000 | €114,975 | -€75,025 | -39.5% |
| Trade debts | 44 | €122,280 | €276,755 | +€154,475 | +126% |
| Suppliers | 440/4 | €122,280 | €276,755 | +€154,475 | +126% |
| Taxes, remuneration and social security | 45 | €17,901 | €34,769 | +€16,868 | +94.2% |
| Taxes | 450/3 | €17,901 | €34,769 | +€16,868 | +94.2% |
| Other amounts payable | 47/48 | - | €65,594 | +€65,594 | |
| Accrued charges and deferred income | 492/3 | €17,863 | €16,459 | -€1,405 | -7.9% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,225 | €75,144 | -€14,082 | -15.8% |
| Other operating charges | 640/8 | €9,202 | €8,997 | -€205 | -2.2% |
| Gross operating margin | 9900 | €176,691 | €224,514 | +€47,824 | +27.1% |
| Operating profit (loss) | 9901 | €78,263 | €140,374 | +€62,110 | +79.4% |
| Financial income | 75/76B | €1,144 | €719 | -€425 | -37.2% |
| Recurring financial income | 75 | €1,144 | €719 | -€425 | -37.2% |
| Financial charges | 65/66B | €34,141 | €36,026 | +€1,885 | +5.5% |
| Recurring financial charges | 65 | €34,141 | €36,026 | +€1,885 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €45,266 | €105,066 | +€59,800 | +132% |
| Transfer from deferred taxes | 780 | €300 | €300 | = | 0.0% |
| Income taxes | 67/77 | €16,476 | €34,532 | +€18,057 | +110% |
| Profit (loss) for the period | 9904 | €29,090 | €70,834 | +€41,743 | +143% |
| Transfer from tax-exempt reserves | 789 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,290 | €72,034 | +€41,743 | +138% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.