DEVLIEGER-DEMETS: 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.
DEVLIEGER-DEMETS
Largest movements
- Current investments +€254,296
up €254,296 (+65.9%), from €385,691 to €639,987
- Cash -€32,924
down €32,924 (-24.9%), from €132,148 to €99,224
mainly Current investments (-€254,296) and Contributions, distributions and other (-€17,445)
- Tangible fixed assets -€10,157
down €10,157 (-9.4%), from €107,965 to €97,808
of which Land and buildings: -€9,906
- Reserves +€189,251
up €189,251 (+46.7%), from €405,037 to €594,288
of which Distributable reserves: +€189,251
- Tax, wage and social debts +€16,545
up €16,545 (+190.3%), from €8,693 to €25,237
of which Taxes: +€18,495
- Gross operating margin +€223,289
up €223,289 (+247.6%), from €90,164 to €313,453
- Taxes +€75,303
up €75,303 (+325.9%), from €23,104 to €98,406
- Financial income +€23,243
up €23,243 (+151.5%), from €15,340 to €38,583
- Financial charges +€7,763
up €7,763 (+42.2%), from €18,395 to €26,158
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €650,506 | €858,492 | +€207,986 | +32.0% |
| Fixed assets | 21/28 | €107,965 | €97,808 | -€10,157 | -9.4% |
| Tangible fixed assets | 22/27 | €107,965 | €97,808 | -€10,157 | -9.4% |
| Land and buildings | 22 | €107,715 | €97,808 | -€9,906 | -9.2% |
| Furniture and vehicles | 24 | €251 | €0 | -€251 | -100.0% |
| Current assets | 29/58 | €542,541 | €760,684 | +€218,143 | +40.2% |
| Amounts receivable within one year | 40/41 | €18,107 | €18,376 | +€269 | +1.5% |
| Trade receivables | 40 | €10,425 | €4,653 | -€5,772 | -55.4% |
| Other amounts receivable | 41 | €7,682 | €13,723 | +€6,040 | +78.6% |
| Current investments | 50/53 | €385,691 | €639,987 | +€254,296 | +65.9% |
| Cash at bank and in hand | 54/58 | €132,148 | €99,224 | -€32,924 | -24.9% |
| Deferred charges and accrued income | 490/1 | €6,595 | €3,097 | -€3,498 | -53.0% |
| Total equity and liabilities | 10/49 | €650,506 | €858,492 | +€207,986 | +32.0% |
| Equity | 10/15 | €423,637 | €612,888 | +€189,251 | +44.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €405,037 | €594,288 | +€189,251 | +46.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €15,311 | €15,311 | = | 0.0% |
| Distributable reserves | 133 | €389,726 | €578,977 | +€189,251 | +48.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €226,869 | €245,604 | +€18,735 | +8.3% |
| Amounts payable within one year | 42/48 | €222,586 | €243,995 | +€21,409 | +9.6% |
| Trade debts | 44 | €5,714 | €8,728 | +€3,014 | +52.7% |
| Suppliers | 440/4 | €5,714 | €8,728 | +€3,014 | +52.7% |
| Taxes, remuneration and social security | 45 | €8,693 | €25,237 | +€16,545 | +190.3% |
| Taxes | 450/3 | €6,743 | €25,237 | +€18,495 | +274.3% |
| Remuneration and social security | 454/9 | €1,950 | €0 | -€1,950 | -100.0% |
| Other amounts payable | 47/48 | €208,179 | €210,029 | +€1,850 | +0.9% |
| Accrued charges and deferred income | 492/3 | €4,283 | €1,609 | -€2,674 | -62.4% |
| Non-recurring operating income | 76A | - | €217 | +€217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,191 | €13,448 | +€257 | +1.9% |
| Other operating charges | 640/8 | €5,137 | €7,327 | +€2,191 | +42.6% |
| Gross operating margin | 9900 | €90,164 | €313,453 | +€223,289 | +247.6% |
| Operating profit (loss) | 9901 | €71,836 | €292,677 | +€220,841 | +307.4% |
| Financial income | 75/76B | €15,340 | €38,583 | +€23,243 | +151.5% |
| Recurring financial income | 75 | €15,340 | €38,583 | +€23,243 | +151.5% |
| Financial charges | 65/66B | €18,395 | €26,158 | +€7,763 | +42.2% |
| Recurring financial charges | 65 | €18,395 | €26,158 | +€7,763 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €68,781 | €305,102 | +€236,321 | +343.6% |
| Income taxes | 67/77 | €23,104 | €98,406 | +€75,303 | +325.9% |
| Profit (loss) for the period | 9904 | €45,677 | €206,696 | +€161,018 | +352.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,677 | €206,696 | +€161,018 | +352.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.