DEVLEESCHOUWER: 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.
What changed
DEVLEESCHOUWER
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€772,726
2024 · €481,916+€290,810
Equity
€4.2m
2024 · €3.4m+€772,726
Cash
€422,135
2024 · €525,694-€103,559
Balance sheet total
€4.9m
2024 · €4.1m+€813,026
Largest movements
Assets
- Receivables within one year +€912,079
up €912,079 (+26.9%), from €3.4m to €4.3m
of which Other amounts receivable: +€725,325
- Cash -€103,559
down €103,559 (-19.7%), from €525,694 to €422,135
mainly Receivables within one year (-€912,079) and Deferred charges and accrued income (-€46,791)
Equity and liabilities
- Reserves +€772,726
up €772,726 (+23.9%), from €3.2m to €4.0m
of which Distributable reserves: +€773,326
Income statement
- Gross operating margin +€378,413
up €378,413 (+23.3%), from €1.6m to €2.0m
- Taxes +€93,328
up €93,328 (+54.7%), from €170,623 to €263,950
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.
Result 2024
€481,916
Gross operating margin
+€378,413
Staff costs
+€8,839
Other operating charges
-€168
Financial income
+€10,265
Financial charges
-€13,004
Taxes
-€93,328
Deferred taxes and other
-€208
Result 2025
€772,726
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.
From operations
-€105,163
Investment
+€1,604
Financing
€0
Cash 2024
€525,694
From operations (derived)
-€105,163
Net result for the year
+€772,726
Depreciation
+€32,782
Stocks and contracts
+€7,899
Receivables within one year
-€912,079
Deferred charges and accrued income
-€46,791
Smaller working-capital items
-€516
Tax, wage and social debts
+€40,817
Investment (derived)
+€1,604
Current investments
+€1,604
Cash 2025
€422,135
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,120,637 | €4,933,663 | +€813,026 | +19.7% |
| Fixed assets | 21/28 | €75,401 | €42,619 | -€32,782 | -43.5% |
| Tangible fixed assets | 22/27 | €75,401 | €42,619 | -€32,782 | -43.5% |
| Plant, machinery and equipment | 23 | €30,071 | €12,783 | -€17,288 | -57.5% |
| Furniture and vehicles | 24 | €45,330 | €29,836 | -€15,495 | -34.2% |
| Current assets | 29/58 | €4,045,236 | €4,891,044 | +€845,809 | +20.9% |
| Stocks and contracts in progress | 3 | €123,021 | €115,122 | -€7,899 | -6.4% |
| Stocks | 30/36 | €123,021 | €115,122 | -€7,899 | -6.4% |
| Amounts receivable within one year | 40/41 | €3,390,492 | €4,302,571 | +€912,079 | +26.9% |
| Trade receivables | 40 | €949,843 | €1,136,597 | +€186,754 | +19.7% |
| Other amounts receivable | 41 | €2,440,649 | €3,165,974 | +€725,325 | +29.7% |
| Current investments | 50/53 | €1,604 | - | -€1,604 | |
| Cash at bank and in hand | 54/58 | €525,694 | €422,135 | -€103,559 | -19.7% |
| Deferred charges and accrued income | 490/1 | €4,425 | €51,216 | +€46,791 | +1057.4% |
| Total equity and liabilities | 10/49 | €4,120,637 | €4,933,663 | +€813,026 | +19.7% |
| Equity | 10/15 | €3,424,290 | €4,197,015 | +€772,726 | +22.6% |
| Contributions | 10/11 | €185,445 | €185,445 | = | 0.0% |
| Capital | 10 | €185,445 | €185,445 | = | 0.0% |
| Issued capital | 100 | €185,445 | €185,445 | = | 0.0% |
| Reserves | 13 | €3,238,845 | €4,011,570 | +€772,726 | +23.9% |
| Non-distributable reserves | 130/1 | €18,545 | €18,545 | = | 0.0% |
| Legal reserve | 130 | €18,545 | €18,545 | = | 0.0% |
| Tax-exempt reserves | 132 | €820 | €220 | -€600 | -73.1% |
| Distributable reserves | 133 | €3,219,480 | €3,992,805 | +€773,326 | +24.0% |
| Provisions and deferred taxes | 16 | €273 | €73 | -€200 | -73.1% |
| Deferred taxes | 168 | €273 | €73 | -€200 | -73.1% |
| Amounts payable | 17/49 | €696,073 | €736,574 | +€40,501 | +5.8% |
| Amounts payable within one year | 42/48 | €696,073 | €736,574 | +€40,501 | +5.8% |
| Trade debts | 44 | €591,215 | €590,899 | -€316 | -0.1% |
| Suppliers | 440/4 | €591,215 | €590,899 | -€316 | -0.1% |
| Taxes, remuneration and social security | 45 | €104,858 | €145,675 | +€40,817 | +38.9% |
| Taxes | 450/3 | €10,504 | €13,948 | +€3,444 | +32.8% |
| Remuneration and social security | 454/9 | €94,354 | €131,727 | +€37,373 | +39.6% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €896,896 | €888,057 | -€8,839 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,782 | €32,782 | = | 0.0% |
| Other operating charges | 640/8 | €5,683 | €5,851 | +€168 | +2.9% |
| Gross operating margin | 9900 | €1,623,622 | €2,002,034 | +€378,413 | +23.3% |
| Operating profit (loss) | 9901 | €688,260 | €1,075,344 | +€387,084 | +56.2% |
| Financial income | 75/76B | €39,602 | €49,868 | +€10,265 | +25.9% |
| Recurring financial income | 75 | €39,602 | €49,868 | +€10,265 | +25.9% |
| Financial charges | 65/66B | €75,732 | €88,736 | +€13,004 | +17.2% |
| Recurring financial charges | 65 | €75,732 | €88,736 | +€13,004 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €652,131 | €1,036,476 | +€384,345 | +58.9% |
| Transfer from deferred taxes | 780 | €408 | €200 | -€208 | -51.0% |
| Income taxes | 67/77 | €170,623 | €263,950 | +€93,328 | +54.7% |
| Profit (loss) for the period | 9904 | €481,916 | €772,726 | +€290,810 | +60.3% |
| Transfer from tax-exempt reserves | 789 | €1,194 | €600 | -€594 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €483,110 | €773,326 | +€290,215 | +60.1% |
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 1 October 2026 via checked.be.