DEVISCH W. SECRETARIAAT: what changed
DEVISCH W. SECRETARIAAT
Largest movements
- Tangible fixed assets +€19,989
up €19,989 (+212%), from €9,449 to €29,438
- Cash -€13,334
down €13,334 (-47.8%), from €27,874 to €14,539
- Receivables within one year -€7,709
down €7,709 (-17.3%), from €44,634 to €36,924
- Other debts -€26,041
down €26,041 (-49.7%), from €52,381 to €26,341
- Debts after one year +€12,133
new in 2025: €12,133
- Current portion of long-term debt +€8,211
new in 2025: €8,211
- Profit (loss) carried forward +€2,735
up €2,735 (+114%), from €2,394 to €5,129
- Trade debts +€2,069
up €2,069 (+30.6%), from €6,771 to €8,840
- Depreciation +€5,179
up €5,179 (+195%), from €2,652 to €7,832
- Taxes -€4,463
down €4,463 (-71.2%), from €6,270 to €1,807
- Gross operating margin +€3,812
up €3,812 (+41.0%), from €9,291 to €13,103
- Financial charges +€538
up €538 (+823%), from €65 to €603
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,477 | €82,567 | -€909 | -1.1% |
| Fixed assets | 21/28 | €9,449 | €29,438 | +€19,989 | +212% |
| Tangible fixed assets | 22/27 | €9,449 | €29,438 | +€19,989 | +212% |
| Plant, machinery and equipment | 23 | €9,449 | €29,438 | +€19,989 | +212% |
| Current assets | 29/58 | €74,028 | €53,129 | -€20,898 | -28.2% |
| Amounts receivable within one year | 40/41 | €44,634 | €36,924 | -€7,709 | -17.3% |
| Trade receivables | 40 | €44,634 | €36,924 | -€7,709 | -17.3% |
| Cash at bank and in hand | 54/58 | €27,874 | €14,539 | -€13,334 | -47.8% |
| Deferred charges and accrued income | 490/1 | €1,520 | €1,666 | +€145 | +9.6% |
| Total equity and liabilities | 10/49 | €83,477 | €82,567 | -€909 | -1.1% |
| Equity | 10/15 | €22,354 | €25,089 | +€2,735 | +12.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,369 | €1,369 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,369 | €1,369 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,394 | €5,129 | +€2,735 | +114% |
| Amounts payable | 17/49 | €61,122 | €57,478 | -€3,644 | -6.0% |
| Amounts payable after more than one year | 17 | - | €12,133 | +€12,133 | |
| Financial debts | 170/4 | - | €12,133 | +€12,133 | |
| Amounts payable within one year | 42/48 | €61,122 | €45,346 | -€15,777 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,211 | +€8,211 | |
| Trade debts | 44 | €6,771 | €8,840 | +€2,069 | +30.6% |
| Suppliers | 440/4 | €6,771 | €8,840 | +€2,069 | +30.6% |
| Taxes, remuneration and social security | 45 | €1,970 | €1,954 | -€16 | -0.8% |
| Taxes | 450/3 | €1,970 | €1,954 | -€16 | -0.8% |
| Other amounts payable | 47/48 | €52,381 | €26,341 | -€26,041 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,652 | €7,832 | +€5,179 | +195% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €9,291 | €13,103 | +€3,812 | +41.0% |
| Operating profit (loss) | 9901 | €6,524 | €5,146 | -€1,378 | -21.1% |
| Financial charges | 65/66B | €65 | €603 | +€538 | +823% |
| Recurring financial charges | 65 | €65 | €603 | +€538 | +823% |
| Profit (loss) for the period before taxes | 9903 | €6,458 | €4,542 | -€1,916 | -29.7% |
| Income taxes | 67/77 | €6,270 | €1,807 | -€4,463 | -71.2% |
| Profit (loss) for the period | 9904 | €189 | €2,735 | +€2,547 | +1,351% |
| Profit (loss) for the period to be appropriated | 9905 | €189 | €2,735 | +€2,547 | +1,351% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.