DEVOET VERONIQUE: 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.
DEVOET VERONIQUE
Largest movements
- Cash +€16,682
up €16,682 (+16.2%), from €102,775 to €119,457
mainly Net result for the year (+€14,586) and Tax, wage and social debts (+€3,684)
- Current investments +€6,162
up €6,162 (+14.3%), from €43,222 to €49,384
- Tangible fixed assets -€1,879
down €1,879 (-64.3%), from €2,924 to €1,044
- Reserves +€14,586
up €14,586 (+15.8%), from €92,098 to €106,685
of which Distributable reserves: +€14,586
- Tax, wage and social debts +€3,684
up €3,684 (+41.8%), from €8,804 to €12,488
- Gross operating margin -€12,406
down €12,406 (-41.4%), from €29,976 to €17,570
- Taxes -€3,428
down €3,428 (-30.9%), from €11,093 to €7,665
- Financial income +€2,142
up €2,142 (+42.9%), from €4,989 to €7,131
- Depreciation -€456
down €456 (-19.5%), from €2,336 to €1,879
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,019 | €170,459 | +€21,440 | +14.4% |
| Fixed assets | 21/28 | €2,924 | €1,044 | -€1,879 | -64.3% |
| Tangible fixed assets | 22/27 | €2,924 | €1,044 | -€1,879 | -64.3% |
| Furniture and vehicles | 24 | €2,924 | €1,044 | -€1,879 | -64.3% |
| Current assets | 29/58 | €146,095 | €169,414 | +€23,319 | +16.0% |
| Stocks and contracts in progress | 3 | €97 | €97 | = | 0.0% |
| Stocks | 30/36 | €97 | €97 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €475 | +€475 | |
| Trade receivables | 40 | - | €475 | +€475 | |
| Current investments | 50/53 | €43,222 | €49,384 | +€6,162 | +14.3% |
| Cash at bank and in hand | 54/58 | €102,775 | €119,457 | +€16,682 | +16.2% |
| Total equity and liabilities | 10/49 | €149,019 | €170,459 | +€21,440 | +14.4% |
| Equity | 10/15 | €135,787 | €150,374 | +€14,586 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,098 | €106,685 | +€14,586 | +15.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,238 | €104,825 | +€14,586 | +16.2% |
| Profit (loss) carried forward | 14 | €25,089 | €25,089 | = | 0.0% |
| Amounts payable | 17/49 | €13,231 | €20,085 | +€6,854 | +51.8% |
| Amounts payable within one year | 42/48 | €13,231 | €20,085 | +€6,854 | +51.8% |
| Trade debts | 44 | €1,124 | €2,750 | +€1,626 | +145% |
| Suppliers | 440/4 | €1,124 | €2,750 | +€1,626 | +145% |
| Taxes, remuneration and social security | 45 | €8,804 | €12,488 | +€3,684 | +41.8% |
| Taxes | 450/3 | €8,804 | €12,488 | +€3,684 | +41.8% |
| Other amounts payable | 47/48 | €3,303 | €4,847 | +€1,544 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,336 | €1,879 | -€456 | -19.5% |
| Other operating charges | 640/8 | €625 | €525 | -€99 | -15.9% |
| Gross operating margin | 9900 | €29,976 | €17,570 | -€12,406 | -41.4% |
| Operating profit (loss) | 9901 | €27,015 | €15,165 | -€11,850 | -43.9% |
| Financial income | 75/76B | €4,989 | €7,131 | +€2,142 | +42.9% |
| Recurring financial income | 75 | €4,989 | €7,131 | +€2,142 | +42.9% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €31,961 | €22,252 | -€9,709 | -30.4% |
| Income taxes | 67/77 | €11,093 | €7,665 | -€3,428 | -30.9% |
| Profit (loss) for the period | 9904 | €20,868 | €14,586 | -€6,282 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,868 | €14,586 | -€6,282 | -30.1% |
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 15 October 2026 via checked.be.