DEVOGELAERE RECYCLAGE: 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.
DEVOGELAERE RECYCLAGE
Largest movements
- Tangible fixed assets -€219,358
down €219,358 (-14.9%), from €1.5m to €1.3m
- Cash -€48,501
down €48,501 (-56.2%), from €86,277 to €37,776
mainly Debts after one year (-€133,536) and Other debts (-€71,101)
- Stocks and contracts -€21,052
down €21,052 (-96.4%), from €21,839 to €787
- Debts after one year -€133,536
down €133,536 (-44.7%), from €298,480 to €164,944
- Other debts -€71,101
down €71,101 (-55.9%), from €127,201 to €56,099
- Current portion of long-term debt -€68,566
down €68,566 (-33.9%), from €202,102 to €133,536
- Trade debts -€33,085
down €33,085 (-16.0%), from €206,444 to €173,359
- Reserves +€31,508
up €31,508 (+3.1%), from €1.0m to €1.1m
of which Distributable reserves: +€32,513
- Gross operating margin -€111,993
down €111,993 (-16.4%), from €683,064 to €571,072
- Staff costs +€45,604
up €45,604 (+27.1%), from €168,513 to €214,118
- Taxes -€29,910
down €29,910 (-64.9%), from €46,082 to €16,172
- Other operating charges +€15,907
up €15,907 (+73.5%), from €21,642 to €37,549
- Depreciation +€8,636
up €8,636 (+3.6%), from €241,853 to €250,490
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,045,908 | €1,764,377 | -€281,530 | -13.8% |
| Fixed assets | 21/28 | €1,473,732 | €1,254,374 | -€219,358 | -14.9% |
| Tangible fixed assets | 22/27 | €1,473,192 | €1,253,834 | -€219,358 | -14.9% |
| Land and buildings | 22 | €925,009 | €886,304 | -€38,704 | -4.2% |
| Plant, machinery and equipment | 23 | €377,107 | €268,799 | -€108,309 | -28.7% |
| Furniture and vehicles | 24 | €171,076 | €98,731 | -€72,345 | -42.3% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €572,176 | €510,003 | -€62,173 | -10.9% |
| Stocks and contracts in progress | 3 | €21,839 | €787 | -€21,052 | -96.4% |
| Stocks | 30/36 | €21,839 | €787 | -€21,052 | -96.4% |
| Amounts receivable within one year | 40/41 | €459,506 | €466,291 | +€6,785 | +1.5% |
| Trade receivables | 40 | €459,047 | €442,400 | -€16,647 | -3.6% |
| Other amounts receivable | 41 | €459 | €23,891 | +€23,431 | +5,101% |
| Cash at bank and in hand | 54/58 | €86,277 | €37,776 | -€48,501 | -56.2% |
| Deferred charges and accrued income | 490/1 | €4,554 | €5,149 | +€595 | +13.1% |
| Total equity and liabilities | 10/49 | €2,045,908 | €1,764,377 | -€281,530 | -13.8% |
| Equity | 10/15 | €1,164,366 | €1,195,874 | +€31,508 | +2.7% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Capital | 10 | €74,400 | €74,400 | = | 0.0% |
| Issued capital | 100 | €74,400 | €74,400 | = | 0.0% |
| Revaluation surpluses | 12 | €68,598 | €68,598 | = | 0.0% |
| Reserves | 13 | €1,021,368 | €1,052,876 | +€31,508 | +3.1% |
| Non-distributable reserves | 130/1 | €7,440 | €7,440 | = | 0.0% |
| Legal reserve | 130 | €7,440 | €7,440 | = | 0.0% |
| Tax-exempt reserves | 132 | €103,672 | €102,667 | -€1,005 | -1.0% |
| Distributable reserves | 133 | €910,256 | €942,769 | +€32,513 | +3.6% |
| Provisions and deferred taxes | 16 | €4,271 | €3,776 | -€495 | -11.6% |
| Deferred taxes | 168 | €4,271 | €3,776 | -€495 | -11.6% |
| Amounts payable | 17/49 | €877,270 | €564,727 | -€312,543 | -35.6% |
| Amounts payable after more than one year | 17 | €298,480 | €164,944 | -€133,536 | -44.7% |
| Financial debts | 170/4 | €298,480 | €164,944 | -€133,536 | -44.7% |
| Amounts payable within one year | 42/48 | €578,791 | €399,784 | -€179,007 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €202,102 | €133,536 | -€68,566 | -33.9% |
| Trade debts | 44 | €206,444 | €173,359 | -€33,085 | -16.0% |
| Suppliers | 440/4 | €206,444 | €173,359 | -€33,085 | -16.0% |
| Taxes, remuneration and social security | 45 | €43,044 | €36,789 | -€6,255 | -14.5% |
| Taxes | 450/3 | €36,307 | €27,271 | -€9,036 | -24.9% |
| Remuneration and social security | 454/9 | €6,737 | €9,517 | +€2,781 | +41.3% |
| Other amounts payable | 47/48 | €127,201 | €56,099 | -€71,101 | -55.9% |
| Remuneration, social security and pensions | 62 | €168,513 | €214,118 | +€45,604 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,853 | €250,490 | +€8,636 | +3.6% |
| Other operating charges | 640/8 | €21,642 | €37,549 | +€15,907 | +73.5% |
| Gross operating margin | 9900 | €683,064 | €571,072 | -€111,993 | -16.4% |
| Operating profit (loss) | 9901 | €251,055 | €68,915 | -€182,140 | -72.5% |
| Financial income | 75/76B | €1 | €14 | +€13 | +1,201% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +1,201% |
| Financial charges | 65/66B | €20,439 | €21,745 | +€1,305 | +6.4% |
| Recurring financial charges | 65 | €20,439 | €21,745 | +€1,305 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €230,617 | €47,185 | -€183,432 | -79.5% |
| Transfer from deferred taxes | 780 | €495 | €495 | = | 0.0% |
| Income taxes | 67/77 | €46,082 | €16,172 | -€29,910 | -64.9% |
| Profit (loss) for the period | 9904 | €185,030 | €31,508 | -€153,522 | -83.0% |
| Transfer from tax-exempt reserves | 789 | €1,005 | €1,005 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €50,000 | - | -€50,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €136,035 | €32,513 | -€103,522 | -76.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.