DEVLIEGHERE INVEST: 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.
What changed
DEVLIEGHERE INVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€137,051
2024 · €1.3m-€1.1m
Equity
€8.9m
2024 · €8.8m+€137,051
Cash
€40,836
2024 · €47,307-€6,471
Balance sheet total
€12.0m
2024 · €12.1m-€129,593
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-31.3%), from €4.6m to €3.2m
of which Other amounts receivable: -€1.2m
- Current investments +€1.4m
up €1.4m (+87.1%), from €1.6m to €2.9m
Equity and liabilities
- Debts after one year -€231,799
down €231,799 (-7.5%), from €3.1m to €2.9m
- Trade debts -€141,442
down €141,442 (-89.0%), from €158,896 to €17,454
- Reserves +€137,051
up €137,051 (+1.8%), from €7.5m to €7.7m
of which Distributable reserves: +€137,051
Income statement
- Financial income -€719,686
down €719,686 (-79.5%), from €904,904 to €185,218
- Turnover -€594,907
down €594,907 (-54.8%), from €1.1m to €491,028
- Taxes -€168,959
down €168,959 (-77.7%), from €217,549 to €48,590
of which Taxes: -€100,260
- Financial charges -€24,098
down €24,098 (-10.4%), from €231,606 to €207,508
- Services and other goods -€15,535
down €15,535 (-15.0%), from €103,495 to €87,960
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
€1.3m
Turnover
-€594,907
Other operating income
-€5,699
Services and other goods
+€15,535
Staff costs
-€4,376
Depreciation
+€1,077
Other operating charges
-€605
Other operating items
-€22,624
Financial income
-€719,686
Financial charges
+€24,098
Taxes
+€168,959
Result 2025
€137,051
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€1.6m
Investment
-€1.4m
Financing
-€231,799
Cash 2024
€47,307
From operations (derived)
+€1.6m
Net result for the year
+€137,051
Depreciation
+€46,395
Receivables within one year
+€1.4m
Deferred charges and accrued income
-€10,433
Trade debts
-€141,442
Tax, wage and social debts
+€26,597
Other debts
+€80,000
Investment (derived)
-€1.4m
Current investments
-€1.4m
Financing
-€231,799
Debts after one year
-€231,799
Cash 2025
€40,836
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,147,150 | €12,017,557 | -€129,593 | -1.1% |
| Fixed assets | 21/28 | €5,938,848 | €5,892,453 | -€46,395 | -0.8% |
| Tangible fixed assets | 22/27 | €380,851 | €334,456 | -€46,395 | -12.2% |
| Plant, machinery and equipment | 23 | €1,547 | - | -€1,547 | |
| Furniture and vehicles | 24 | €121,844 | €76,996 | -€44,848 | -36.8% |
| Other tangible fixed assets | 26 | €257,460 | €257,460 | = | 0.0% |
| Financial fixed assets | 28 | €5,557,997 | €5,557,997 | = | 0.0% |
| Affiliated companies | 280/1 | €5,557,997 | €5,557,997 | = | 0.0% |
| Participating interests | 280 | €5,557,997 | €5,557,997 | = | 0.0% |
| Current assets | 29/58 | €6,208,302 | €6,125,104 | -€83,198 | -1.3% |
| Amounts receivable within one year | 40/41 | €4,603,775 | €3,161,615 | -€1.4m | -31.3% |
| Trade receivables | 40 | €270,562 | €78,004 | -€192,558 | -71.2% |
| Other amounts receivable | 41 | €4,333,213 | €3,083,611 | -€1.2m | -28.8% |
| Current investments | 50/53 | €1,555,000 | €2,910,000 | +€1.4m | +87.1% |
| Other investments | 51/53 | €1,555,000 | €2,910,000 | +€1.4m | +87.1% |
| Cash at bank and in hand | 54/58 | €47,307 | €40,836 | -€6,471 | -13.7% |
| Deferred charges and accrued income | 490/1 | €2,220 | €12,653 | +€10,433 | +470% |
| Total equity and liabilities | 10/49 | €12,147,150 | €12,017,557 | -€129,593 | -1.1% |
| Equity | 10/15 | €8,784,064 | €8,921,115 | +€137,051 | +1.6% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €7,534,064 | €7,671,115 | +€137,051 | +1.8% |
| Tax-exempt reserves | 132 | €315,750 | €315,750 | = | 0.0% |
| Distributable reserves | 133 | €7,218,314 | €7,355,365 | +€137,051 | +1.9% |
| Amounts payable | 17/49 | €3,363,086 | €3,096,442 | -€266,644 | -7.9% |
| Amounts payable after more than one year | 17 | €3,105,749 | €2,873,950 | -€231,799 | -7.5% |
| Other amounts payable | 178/9 | €3,105,749 | €2,873,950 | -€231,799 | -7.5% |
| Amounts payable within one year | 42/48 | €236,587 | €201,742 | -€34,845 | -14.7% |
| Trade debts | 44 | €158,896 | €17,454 | -€141,442 | -89.0% |
| Suppliers | 440/4 | €158,896 | €17,454 | -€141,442 | -89.0% |
| Taxes, remuneration and social security | 45 | €57,691 | €84,288 | +€26,597 | +46.1% |
| Taxes | 450/3 | €41,837 | €67,709 | +€25,872 | +61.8% |
| Remuneration and social security | 454/9 | €15,854 | €16,579 | +€725 | +4.6% |
| Other amounts payable | 47/48 | €20,000 | €100,000 | +€80,000 | +400% |
| Accrued charges and deferred income | 492/3 | €20,750 | €20,750 | = | 0.0% |
| Operating income | 70/76A | €1,135,536 | €512,306 | -€623,230 | -54.9% |
| Turnover | 70 | €1,085,935 | €491,028 | -€594,907 | -54.8% |
| Other operating income | 74 | €26,977 | €21,278 | -€5,699 | -21.1% |
| Non-recurring operating income | 76A | €22,624 | - | -€22,624 | |
| Operating charges | 60/66A | €316,006 | €304,375 | -€11,631 | -3.7% |
| Services and other goods | 61 | €103,495 | €87,960 | -€15,535 | -15.0% |
| Remuneration, social security and pensions | 62 | €154,339 | €158,715 | +€4,376 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,472 | €46,395 | -€1,077 | -2.3% |
| Other operating charges | 640/8 | €10,700 | €11,305 | +€605 | +5.7% |
| Operating profit (loss) | 9901 | €819,530 | €207,931 | -€611,599 | -74.6% |
| Financial income | 75/76B | €904,904 | €185,218 | -€719,686 | -79.5% |
| Recurring financial income | 75 | €904,904 | €185,218 | -€719,686 | -79.5% |
| Income from financial fixed assets | 750 | €643,028 | - | -€643,028 | |
| Income from current assets | 751 | €261,876 | €185,218 | -€76,658 | -29.3% |
| Financial charges | 65/66B | €231,606 | €207,508 | -€24,098 | -10.4% |
| Recurring financial charges | 65 | €231,606 | €207,508 | -€24,098 | -10.4% |
| Debt charges | 650 | €231,177 | €207,082 | -€24,095 | -10.4% |
| Other financial charges | 652/9 | €429 | €426 | -€3 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €1,492,828 | €185,641 | -€1.3m | -87.6% |
| Income taxes | 67/77 | €217,549 | €48,590 | -€168,959 | -77.7% |
| Taxes | 670/3 | €222,505 | €122,245 | -€100,260 | -45.1% |
| Tax adjustments and reversals of tax provisions | 77 | €4,956 | €73,655 | +€68,699 | +1,386% |
| Profit (loss) for the period | 9904 | €1,275,279 | €137,051 | -€1.1m | -89.3% |
| Transfer to tax-exempt reserves | 689 | €315,750 | - | -€315,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €959,529 | €137,051 | -€822,478 | -85.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.