DEVISSCHER RUBEN: 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.
DEVISSCHER RUBEN
Largest movements
- Cash +€24,721
up €24,721 (+18.9%), from €130,785 to €155,506
mainly Net result for the year (+€47,945) and Depreciation (+€22,280)
- Tangible fixed assets +€3,515
up €3,515 (+6.1%), from €57,770 to €61,285
of which Plant, machinery and equipment: +€6,348
- Stocks and contracts +€3,393
up €3,393 (+35.3%), from €9,618 to €13,011
- Receivables within one year +€2,824
up €2,824 (+614.5%), from €460 to €3,284
of which Other amounts receivable: +€2,793
- Reserves +€47,945
up €47,945 (+37.8%), from €126,851 to €174,796
- Debts after one year -€13,886
down €13,886 (-53.7%), from €25,866 to €11,979
- Trade debts +€8,130
up €8,130 (+157.2%), from €5,170 to €13,300
- Tax, wage and social debts -€7,922
down €7,922 (-40.4%), from €19,630 to €11,708
of which Taxes: -€6,722
- Gross operating margin -€25,494
down €25,494 (-23.3%), from €109,627 to €84,133
- Taxes -€5,347
down €5,347 (-31.0%), from €17,227 to €11,880
- Depreciation +€1,872
up €1,872 (+9.2%), from €20,408 to €22,280
- Staff costs -€1,232
no longer reported in 2025 (was €1,232)
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 | €198,632 | €233,085 | +€34,453 | +17.3% |
| Fixed assets | 21/28 | €57,770 | €61,285 | +€3,515 | +6.1% |
| Tangible fixed assets | 22/27 | €57,770 | €61,285 | +€3,515 | +6.1% |
| Plant, machinery and equipment | 23 | €53,477 | €59,825 | +€6,348 | +11.9% |
| Furniture and vehicles | 24 | €4,293 | €1,459 | -€2,833 | -66.0% |
| Current assets | 29/58 | €140,862 | €171,801 | +€30,938 | +22.0% |
| Stocks and contracts in progress | 3 | €9,618 | €13,011 | +€3,393 | +35.3% |
| Stocks | 30/36 | €9,618 | €13,011 | +€3,393 | +35.3% |
| Amounts receivable within one year | 40/41 | €460 | €3,284 | +€2,824 | +614.5% |
| Trade receivables | 40 | €424 | €455 | +€31 | +7.2% |
| Other amounts receivable | 41 | €36 | €2,829 | +€2,793 | +7866.8% |
| Cash at bank and in hand | 54/58 | €130,785 | €155,506 | +€24,721 | +18.9% |
| Total equity and liabilities | 10/49 | €198,632 | €233,085 | +€34,453 | +17.3% |
| Equity | 10/15 | €127,851 | €175,796 | +€47,945 | +37.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €126,851 | €174,796 | +€47,945 | +37.8% |
| Distributable reserves | 133 | €126,851 | €174,796 | +€47,945 | +37.8% |
| Amounts payable | 17/49 | €70,781 | €57,290 | -€13,491 | -19.1% |
| Amounts payable after more than one year | 17 | €25,866 | €11,979 | -€13,886 | -53.7% |
| Financial debts | 170/4 | €25,866 | €11,979 | -€13,886 | -53.7% |
| Amounts payable within one year | 42/48 | €43,902 | €45,310 | +€1,409 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €13,510 | €13,886 | +€376 | +2.8% |
| Trade debts | 44 | €5,170 | €13,300 | +€8,130 | +157.2% |
| Suppliers | 440/4 | €5,170 | €13,300 | +€8,130 | +157.2% |
| Taxes, remuneration and social security | 45 | €19,630 | €11,708 | -€7,922 | -40.4% |
| Taxes | 450/3 | €18,430 | €11,708 | -€6,722 | -36.5% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €5,591 | €6,416 | +€825 | +14.8% |
| Accrued charges and deferred income | 492/3 | €1,014 | - | -€1,014 | |
| Non-recurring operating income | 76A | - | €71 | +€71 | |
| Remuneration, social security and pensions | 62 | €1,232 | - | -€1,232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,408 | €22,280 | +€1,872 | +9.2% |
| Other operating charges | 640/8 | €790 | €606 | -€184 | -23.3% |
| Gross operating margin | 9900 | €109,627 | €84,133 | -€25,494 | -23.3% |
| Operating profit (loss) | 9901 | €87,197 | €61,247 | -€25,950 | -29.8% |
| Financial income | 75/76B | €180 | €631 | +€451 | +250.7% |
| Recurring financial income | 75 | €180 | €631 | +€451 | +250.7% |
| Financial charges | 65/66B | €2,576 | €2,054 | -€522 | -20.3% |
| Recurring financial charges | 65 | €2,576 | €2,054 | -€522 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €84,801 | €59,825 | -€24,976 | -29.5% |
| Income taxes | 67/77 | €17,227 | €11,880 | -€5,347 | -31.0% |
| Profit (loss) for the period | 9904 | €67,573 | €47,945 | -€19,629 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,573 | €47,945 | -€19,629 | -29.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.