DEVIS-WOUTERS: 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.
DEVIS-WOUTERS
Largest movements
- Receivables within one year +€18,435
up €18,435 (+90.1%), from €20,469 to €38,904
- Intangible fixed assets -€15,500
down €15,500 (-14.6%), from €105,875 to €90,375
- Cash -€11,928
down €11,928 (-92.6%), from €12,882 to €954
mainly Debts after one year (-€32,332) and Receivables within one year (-€18,435)
- Stocks and contracts -€6,692
down €6,692 (-14.9%), from €45,055 to €38,363
- Tangible fixed assets -€5,135
down €5,135 (-50.4%), from €10,182 to €5,047
of which Leasing and similar rights: -€4,699
- Debts after one year -€32,332
down €32,332 (-48.9%), from €66,067 to €33,735
- Trade debts +€9,103
up €9,103 (+27.3%), from €33,309 to €42,412
- Other debts +€7,447
up €7,447 (+1325.1%), from €562 to €8,009
- Tax, wage and social debts -€5,235
down €5,235 (-42.5%), from €12,330 to €7,095
of which Taxes: -€2,670
- Profit (loss) carried forward -€2,027
down €2,027 (-4.2%), from €48,677 to €46,650
- Staff costs -€12,058
down €12,058 (-52.2%), from €23,096 to €11,038
- Gross operating margin -€3,396
down €3,396 (-8.4%), from €40,212 to €36,816
- Financial charges -€1,141
down €1,141 (-17.4%), from €6,544 to €5,403
- Other operating charges -€550
down €550 (-23.2%), from €2,375 to €1,825
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 | €194,463 | €173,643 | -€20,820 | -10.7% |
| Fixed assets | 21/28 | €116,057 | €95,422 | -€20,635 | -17.8% |
| Intangible fixed assets | 21 | €105,875 | €90,375 | -€15,500 | -14.6% |
| Tangible fixed assets | 22/27 | €10,182 | €5,047 | -€5,135 | -50.4% |
| Plant, machinery and equipment | 23 | €784 | €348 | -€436 | -55.6% |
| Leasing and similar rights | 25 | €9,398 | €4,699 | -€4,699 | -50.0% |
| Current assets | 29/58 | €78,406 | €78,221 | -€185 | -0.2% |
| Stocks and contracts in progress | 3 | €45,055 | €38,363 | -€6,692 | -14.9% |
| Stocks | 30/36 | €45,055 | €38,363 | -€6,692 | -14.9% |
| Amounts receivable within one year | 40/41 | €20,469 | €38,904 | +€18,435 | +90.1% |
| Trade receivables | 40 | €20,469 | €38,904 | +€18,435 | +90.1% |
| Cash at bank and in hand | 54/58 | €12,882 | €954 | -€11,928 | -92.6% |
| Total equity and liabilities | 10/49 | €194,463 | €173,643 | -€20,820 | -10.7% |
| Equity | 10/15 | €51,677 | €49,650 | -€2,027 | -3.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,677 | €46,650 | -€2,027 | -4.2% |
| Amounts payable | 17/49 | €142,786 | €123,993 | -€18,793 | -13.2% |
| Amounts payable after more than one year | 17 | €66,067 | €33,735 | -€32,332 | -48.9% |
| Financial debts | 170/4 | €66,067 | €33,735 | -€32,332 | -48.9% |
| Amounts payable within one year | 42/48 | €76,719 | €90,258 | +€13,539 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €30,518 | €31,652 | +€1,134 | +3.7% |
| Financial debts | 43 | - | €1,090 | +€1,090 | |
| Credit institutions | 430/8 | - | €1,090 | +€1,090 | |
| Trade debts | 44 | €33,309 | €42,412 | +€9,103 | +27.3% |
| Suppliers | 440/4 | €33,309 | €42,412 | +€9,103 | +27.3% |
| Taxes, remuneration and social security | 45 | €12,330 | €7,095 | -€5,235 | -42.5% |
| Taxes | 450/3 | €8,751 | €6,081 | -€2,670 | -30.5% |
| Remuneration and social security | 454/9 | €3,579 | €1,014 | -€2,565 | -71.7% |
| Other amounts payable | 47/48 | €562 | €8,009 | +€7,447 | +1325.1% |
| Non-recurring operating income | 76A | €4,390 | €694 | -€3,696 | -84.2% |
| Remuneration, social security and pensions | 62 | €23,096 | €11,038 | -€12,058 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,658 | €20,635 | -€23 | -0.1% |
| Other operating charges | 640/8 | €2,375 | €1,825 | -€550 | -23.2% |
| Gross operating margin | 9900 | €40,212 | €36,816 | -€3,396 | -8.4% |
| Operating profit (loss) | 9901 | -€5,917 | €3,318 | +€9,235 | |
| Financial income | 75/76B | €277 | €58 | -€219 | -79.1% |
| Recurring financial income | 75 | €277 | €58 | -€219 | -79.1% |
| Financial charges | 65/66B | €6,544 | €5,403 | -€1,141 | -17.4% |
| Recurring financial charges | 65 | €6,544 | €5,403 | -€1,141 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,184 | -€2,027 | +€10,157 | +83.4% |
| Profit (loss) for the period | 9904 | -€12,184 | -€2,027 | +€10,157 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,184 | -€2,027 | +€10,157 | +83.4% |
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 29 September 2026 via checked.be.