DEVLIEGER Filip: 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
DEVLIEGER Filip
NACE 46.331, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€254,572
2024 · €248,456+€6,116
Equity
€5.8m
2024 · €5.6m+€216,337
Cash
€655,481
2024 · €779,897-€124,416
Balance sheet total
€8.0m
2024 · €7.8m+€214,717
Largest movements
Assets
- Tangible fixed assets +€647,160
up €647,160 (+47.7%), from €1.4m to €2.0m
of which Land and buildings: +€690,107
- Stocks and contracts -€222,086
down €222,086 (-15.1%), from €1.5m to €1.3m
- Receivables within one year +€137,598
up €137,598 (+4.4%), from €3.1m to €3.2m
of which Trade receivables: +€210,623
- Cash -€124,416
down €124,416 (-16.0%), from €779,897 to €655,481
mainly Investment in fixed assets (net) (-€968,160) and Trade debts (-€237,404)
- Receivables after one year -€100,000
down €100,000 (-28.6%), from €350,000 to €250,000
Equity and liabilities
- Trade debts -€237,404
down €237,404 (-15.2%), from €1.6m to €1.3m
- Reserves +€216,337
up €216,337 (+3.9%), from €5.5m to €5.8m
- Short-term financial debts +€200,000
new in 2025: €200,000
- Tax, wage and social debts +€128,344
up €128,344 (+27.5%), from €465,865 to €594,209
of which Remuneration and social security: +€101,087
Income statement
- Turnover +€569,406
up €569,406 (+2.3%), from €25.2m to €25.8m
- Goods and materials +€398,932
up €398,932 (+2.1%), from €19.2m to €19.6m
of which Change in stocks: decrease (increase): +€277,401
- Staff costs +€348,961
up €348,961 (+14.2%), from €2.5m to €2.8m
- Services and other goods -€267,830
down €267,830 (-8.9%), from €3.0m to €2.7m
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
€248,456
Turnover
+€569,406
Other operating income
-€4,364
Goods and materials
-€398,932
Services and other goods
+€267,830
Staff costs
-€348,961
Depreciation
-€58,031
Write-downs
+€203,739
Other operating charges
-€193,072
Other operating items
-€10,389
Financial income
-€5,048
Financial charges
-€15,614
Taxes
-€450
Result 2025
€254,572
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
+€732,656
Investment
-€968,160
Financing
+€111,088
Cash 2024
€779,897
From operations (derived)
+€732,656
Net result for the year
+€254,572
Depreciation
+€373,855
Receivables after one year
+€100,000
Stocks and contracts
+€222,086
Receivables within one year
-€137,598
Deferred charges and accrued income
+€70,683
Trade debts
-€237,404
Tax, wage and social debts
+€128,344
Other debts
-€41,883
Investment (derived)
-€968,160
Investment in fixed assets (net)
-€968,160
Financing
+€111,088
Current portion of long-term debt
-€50,677
Short-term financial debts
+€200,000
Contributions, distributions and other
-€38,235
Cash 2025
€655,481
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,771,592 | €7,986,309 | +€214,717 | +2.8% |
| Fixed assets | 21/28 | €1,731,842 | €2,326,147 | +€594,305 | +34.3% |
| Intangible fixed assets | 21 | €362,030 | €309,310 | -€52,720 | -14.6% |
| Tangible fixed assets | 22/27 | €1,356,738 | €2,003,898 | +€647,160 | +47.7% |
| Land and buildings | 22 | €380,782 | €1,070,890 | +€690,107 | +181.2% |
| Plant, machinery and equipment | 23 | €507,433 | €463,419 | -€44,014 | -8.7% |
| Furniture and vehicles | 24 | €468,523 | €469,589 | +€1,066 | +0.2% |
| Financial fixed assets | 28 | €13,074 | €12,939 | -€135 | -1.0% |
| Other financial fixed assets | 284/8 | €13,074 | €12,939 | -€135 | -1.0% |
| Shares | 284 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €11,074 | €10,939 | -€135 | -1.2% |
| Current assets | 29/58 | €6,039,751 | €5,660,163 | -€379,588 | -6.3% |
| Amounts receivable after more than one year | 29 | €350,000 | €250,000 | -€100,000 | -28.6% |
| Other amounts receivable | 291 | €350,000 | €250,000 | -€100,000 | -28.6% |
| Stocks and contracts in progress | 3 | €1,474,845 | €1,252,759 | -€222,086 | -15.1% |
| Stocks | 30/36 | €1,474,845 | €1,252,759 | -€222,086 | -15.1% |
| Goods purchased for resale | 34 | €1,474,845 | €1,252,759 | -€222,086 | -15.1% |
| Amounts receivable within one year | 40/41 | €3,095,739 | €3,233,336 | +€137,598 | +4.4% |
| Trade receivables | 40 | €2,659,140 | €2,869,763 | +€210,623 | +7.9% |
| Other amounts receivable | 41 | €436,598 | €363,573 | -€73,025 | -16.7% |
| Cash at bank and in hand | 54/58 | €779,897 | €655,481 | -€124,416 | -16.0% |
| Deferred charges and accrued income | 490/1 | €339,269 | €268,586 | -€70,683 | -20.8% |
| Total equity and liabilities | 10/49 | €7,771,592 | €7,986,309 | +€214,717 | +2.8% |
| Equity | 10/15 | €5,612,346 | €5,828,683 | +€216,337 | +3.9% |
| Contributions | 10/11 | €72,500 | €72,500 | = | 0.0% |
| Reserves | 13 | €5,539,846 | €5,756,183 | +€216,337 | +3.9% |
| Distributable reserves | 133 | €5,539,846 | €5,756,183 | +€216,337 | +3.9% |
| Amounts payable | 17/49 | €2,159,247 | €2,157,627 | -€1,620 | -0.1% |
| Amounts payable after more than one year | 17 | €3,050 | €3,050 | = | 0.0% |
| Other amounts payable | 178/9 | €3,050 | €3,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,155,428 | €2,153,808 | -€1,620 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €50,677 | €0 | -€50,677 | -100.0% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €1,558,589 | €1,321,185 | -€237,404 | -15.2% |
| Suppliers | 440/4 | €1,558,589 | €1,321,185 | -€237,404 | -15.2% |
| Taxes, remuneration and social security | 45 | €465,865 | €594,209 | +€128,344 | +27.5% |
| Taxes | 450/3 | €86,794 | €114,052 | +€27,257 | +31.4% |
| Remuneration and social security | 454/9 | €379,071 | €480,158 | +€101,087 | +26.7% |
| Other amounts payable | 47/48 | €80,297 | €38,414 | -€41,883 | -52.2% |
| Accrued charges and deferred income | 492/3 | €769 | €769 | = | 0.0% |
| Operating income | 70/76A | €25,339,955 | €25,893,937 | +€553,982 | +2.2% |
| Turnover | 70 | €25,222,746 | €25,792,153 | +€569,406 | +2.3% |
| Other operating income | 74 | €96,348 | €91,984 | -€4,364 | -4.5% |
| Non-recurring operating income | 76A | €20,861 | €9,800 | -€11,061 | -53.0% |
| Operating charges | 60/66A | €25,056,260 | €25,583,014 | +€526,754 | +2.1% |
| Goods for resale, raw materials and consumables | 60 | €19,247,618 | €19,646,550 | +€398,932 | +2.1% |
| Purchases | 600/8 | €19,302,933 | €19,424,465 | +€121,531 | +0.6% |
| Change in stocks: decrease (increase) | 609 | -€55,315 | €222,086 | +€277,401 | |
| Services and other goods | 61 | €2,998,379 | €2,730,549 | -€267,830 | -8.9% |
| Remuneration, social security and pensions | 62 | €2,453,485 | €2,802,445 | +€348,961 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,825 | €373,855 | +€58,031 | +18.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€203,739 | -€203,739 | |
| Other operating charges | 640/8 | €40,281 | €233,353 | +€193,072 | +479.3% |
| Non-recurring operating charges | 66A | €672 | €0 | -€672 | -100.0% |
| Operating profit (loss) | 9901 | €283,695 | €310,923 | +€27,228 | +9.6% |
| Financial income | 75/76B | €84,986 | €79,938 | -€5,048 | -5.9% |
| Recurring financial income | 75 | €84,986 | €79,938 | -€5,048 | -5.9% |
| Income from financial fixed assets | 750 | €2,048 | €0 | -€2,048 | -100.0% |
| Income from current assets | 751 | €16,000 | €9,839 | -€6,161 | -38.5% |
| Other financial income | 752/9 | €66,938 | €70,099 | +€3,161 | +4.7% |
| Financial charges | 65/66B | €16,141 | €31,755 | +€15,614 | +96.7% |
| Recurring financial charges | 65 | €16,141 | €31,755 | +€15,614 | +96.7% |
| Debt charges | 650 | €15,853 | €13,480 | -€2,374 | -15.0% |
| Other financial charges | 652/9 | €287 | €18,275 | +€17,987 | +6265.0% |
| Profit (loss) for the period before taxes | 9903 | €352,540 | €359,107 | +€6,566 | +1.9% |
| Income taxes | 67/77 | €104,085 | €104,535 | +€450 | +0.4% |
| Taxes | 670/3 | €300,000 | €104,535 | -€195,465 | -65.2% |
| Tax adjustments and reversals of tax provisions | 77 | €195,915 | €0 | -€195,915 | -100.0% |
| Profit (loss) for the period | 9904 | €248,456 | €254,572 | +€6,116 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €248,456 | €254,572 | +€6,116 | +2.5% |
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 8 October 2026 via checked.be.