Devolder Stefaan: 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.
Devolder Stefaan
Largest movements
- Tangible fixed assets -€31,279
down €31,279 (-15.4%), from €203,714 to €172,435
of which Furniture and vehicles: -€17,151
- Receivables within one year +€10,192
up €10,192 (+28.2%), from €36,126 to €46,318
of which Trade receivables: +€16,544
- Deferred charges and accrued income +€6,391
up €6,391 (+314.6%), from €2,031 to €8,422
- Trade debts -€40,931
down €40,931 (-38.6%), from €105,941 to €65,010
- Short-term financial debts +€24,459
up €24,459 (+95.9%), from €25,508 to €49,967
- Debts after one year -€17,133
down €17,133 (-11.2%), from €152,929 to €135,796
of which Financial debts: -€17,133
- Current portion of long-term debt +€11,789
up €11,789 (+39.9%), from €29,572 to €41,362
- Other debts +€5,281
up €5,281 (+47.3%), from €11,160 to €16,441
- Staff costs -€23,292
down €23,292 (-11.3%), from €205,786 to €182,494
- Gross operating margin +€8,761
up €8,761 (+4.0%), from €220,989 to €229,749
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 | €306,199 | €289,878 | -€16,321 | -5.3% |
| Fixed assets | 21/28 | €204,513 | €172,856 | -€31,658 | -15.5% |
| Intangible fixed assets | 21 | €800 | €421 | -€379 | -47.4% |
| Tangible fixed assets | 22/27 | €203,714 | €172,435 | -€31,279 | -15.4% |
| Plant, machinery and equipment | 23 | €79,263 | €65,135 | -€14,128 | -17.8% |
| Furniture and vehicles | 24 | €124,451 | €107,300 | -€17,151 | -13.8% |
| Current assets | 29/58 | €101,686 | €117,023 | +€15,337 | +15.1% |
| Stocks and contracts in progress | 3 | €63,029 | €62,283 | -€747 | -1.2% |
| Stocks | 30/36 | €53,829 | €62,283 | +€8,453 | +15.7% |
| Contracts in progress | 37 | €9,200 | €0 | -€9,200 | -100.0% |
| Amounts receivable within one year | 40/41 | €36,126 | €46,318 | +€10,192 | +28.2% |
| Trade receivables | 40 | €20,739 | €37,283 | +€16,544 | +79.8% |
| Other amounts receivable | 41 | €15,387 | €9,035 | -€6,352 | -41.3% |
| Cash at bank and in hand | 54/58 | €498 | €0 | -€498 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,031 | €8,422 | +€6,391 | +314.6% |
| Total equity and liabilities | 10/49 | €306,199 | €289,878 | -€16,321 | -5.3% |
| Equity | 10/15 | -€33,293 | -€33,932 | -€639 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,753 | -€54,392 | -€639 | -1.2% |
| Amounts payable | 17/49 | €339,492 | €323,810 | -€15,682 | -4.6% |
| Amounts payable after more than one year | 17 | €152,929 | €135,796 | -€17,133 | -11.2% |
| Financial debts | 170/4 | €126,962 | €109,829 | -€17,133 | -13.5% |
| Other amounts payable | 178/9 | €25,967 | €25,967 | = | 0.0% |
| Amounts payable within one year | 42/48 | €186,375 | €188,014 | +€1,639 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €29,572 | €41,362 | +€11,789 | +39.9% |
| Financial debts | 43 | €25,508 | €49,967 | +€24,459 | +95.9% |
| Credit institutions | 430/8 | €25,508 | €49,967 | +€24,459 | +95.9% |
| Trade debts | 44 | €105,941 | €65,010 | -€40,931 | -38.6% |
| Suppliers | 440/4 | €105,941 | €65,010 | -€40,931 | -38.6% |
| Taxes, remuneration and social security | 45 | €14,193 | €15,233 | +€1,040 | +7.3% |
| Taxes | 450/3 | €0 | €5,643 | +€5,643 | |
| Remuneration and social security | 454/9 | €14,193 | €9,590 | -€4,603 | -32.4% |
| Other amounts payable | 47/48 | €11,160 | €16,441 | +€5,281 | +47.3% |
| Accrued charges and deferred income | 492/3 | €188 | €0 | -€188 | -100.0% |
| Remuneration, social security and pensions | 62 | €205,786 | €182,494 | -€23,292 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,130 | €37,285 | +€154 | +0.4% |
| Other operating charges | 640/8 | €1,691 | €901 | -€790 | -46.7% |
| Gross operating margin | 9900 | €220,989 | €229,749 | +€8,761 | +4.0% |
| Operating profit (loss) | 9901 | -€23,619 | €9,070 | +€32,689 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,439 | €9,447 | -€992 | -9.5% |
| Recurring financial charges | 65 | €10,439 | €9,447 | -€992 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,058 | -€377 | +€33,680 | +98.9% |
| Income taxes | 67/77 | €257 | €262 | +€5 | +1.9% |
| Profit (loss) for the period | 9904 | -€34,314 | -€639 | +€33,676 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,314 | -€639 | +€33,676 | +98.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.