Devisch Jelle: 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.
Devisch Jelle
Largest movements
- Current investments -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Tangible fixed assets +€66,958
up €66,958 (+8.1%), from €831,507 to €898,465
of which Land and buildings: +€70,250
- Cash +€22,909
up €22,909 (+15.5%), from €147,726 to €170,636
mainly Depreciation (+€84,837) and Current investments (+€75,000)
- Reserves +€58,283
up €58,283 (+18.6%), from €313,341 to €371,623
- Debts after one year -€35,000
down €35,000 (-5.4%), from €651,250 to €616,250
of which Financial debts: -€35,000
- Depreciation +€14,592
up €14,592 (+20.8%), from €70,245 to €84,837
- Staff costs +€10,567
up €10,567 (+4.4%), from €239,788 to €250,355
- Taxes -€6,953
down €6,953 (-22.5%), from €30,849 to €23,896
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 | €1,134,583 | €1,155,341 | +€20,758 | +1.8% |
| Fixed assets | 21/28 | €833,885 | €899,057 | +€65,172 | +7.8% |
| Intangible fixed assets | 21 | €2,378 | €592 | -€1,786 | -75.1% |
| Tangible fixed assets | 22/27 | €831,507 | €898,465 | +€66,958 | +8.1% |
| Land and buildings | 22 | €747,471 | €817,720 | +€70,250 | +9.4% |
| Plant, machinery and equipment | 23 | €66,630 | €51,875 | -€14,755 | -22.1% |
| Furniture and vehicles | 24 | €17,406 | €28,870 | +€11,464 | +65.9% |
| Current assets | 29/58 | €300,698 | €256,284 | -€44,414 | -14.8% |
| Stocks and contracts in progress | 3 | €17,061 | €25,795 | +€8,734 | +51.2% |
| Stocks | 30/36 | €17,061 | €25,795 | +€8,734 | +51.2% |
| Amounts receivable within one year | 40/41 | €40,980 | €36,839 | -€4,142 | -10.1% |
| Trade receivables | 40 | €436 | €205 | -€231 | -52.9% |
| Other amounts receivable | 41 | €40,545 | €36,634 | -€3,911 | -9.6% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €147,726 | €170,636 | +€22,909 | +15.5% |
| Deferred charges and accrued income | 490/1 | €19,930 | €23,014 | +€3,084 | +15.5% |
| Total equity and liabilities | 10/49 | €1,134,583 | €1,155,341 | +€20,758 | +1.8% |
| Equity | 10/15 | €325,741 | €384,023 | +€58,283 | +17.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €313,341 | €371,623 | +€58,283 | +18.6% |
| Distributable reserves | 133 | €313,341 | €371,623 | +€58,283 | +18.6% |
| Amounts payable | 17/49 | €808,842 | €771,317 | -€37,524 | -4.6% |
| Amounts payable after more than one year | 17 | €651,250 | €616,250 | -€35,000 | -5.4% |
| Financial debts | 170/4 | €621,250 | €586,250 | -€35,000 | -5.6% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €157,367 | €154,843 | -€2,524 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €35,000 | = | 0.0% |
| Trade debts | 44 | €23,075 | €23,312 | +€238 | +1.0% |
| Suppliers | 440/4 | €23,075 | €23,312 | +€238 | +1.0% |
| Taxes, remuneration and social security | 45 | €69,825 | €65,160 | -€4,665 | -6.7% |
| Taxes | 450/3 | €50,031 | €49,786 | -€245 | -0.5% |
| Remuneration and social security | 454/9 | €19,793 | €15,374 | -€4,419 | -22.3% |
| Other amounts payable | 47/48 | €29,467 | €31,370 | +€1,903 | +6.5% |
| Accrued charges and deferred income | 492/3 | €225 | €225 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €239,788 | €250,355 | +€10,567 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,245 | €84,837 | +€14,592 | +20.8% |
| Other operating charges | 640/8 | €3,349 | €4,586 | +€1,237 | +36.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €451,246 | €447,327 | -€3,918 | -0.9% |
| Operating profit (loss) | 9901 | €137,864 | €107,549 | -€30,315 | -22.0% |
| Financial income | 75/76B | €388 | €3,872 | +€3,485 | +898.6% |
| Recurring financial income | 75 | €388 | €3,872 | +€3,485 | +898.6% |
| Financial charges | 65/66B | €30,976 | €29,243 | -€1,733 | -5.6% |
| Recurring financial charges | 65 | €30,976 | €29,243 | -€1,733 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €107,276 | €82,179 | -€25,097 | -23.4% |
| Income taxes | 67/77 | €30,849 | €23,896 | -€6,953 | -22.5% |
| Profit (loss) for the period | 9904 | €76,427 | €58,283 | -€18,144 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,427 | €58,283 | -€18,144 | -23.7% |
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 10 October 2026 via checked.be.