DEVOMAT INDUSTRIES: 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.
DEVOMAT INDUSTRIES
Largest movements
- Stocks and contracts -€20,807
down €20,807 (-4.2%), from €499,717 to €478,910
- Trade debts -€80,890
down €80,890 (-25.2%), from €321,587 to €240,697
- Debts after one year +€48,591
up €48,591 (+24.0%), from €202,069 to €250,660
- Tax, wage and social debts +€26,831
up €26,831 (+119%), from €22,627 to €49,458
of which Taxes: +€27,411
- Profit (loss) carried forward -€8,994
down €8,994 (-8.7%), from -€103,652 to -€112,646
- Gross operating margin -€125,326
down €125,326 (-20.5%), from €610,875 to €485,550
- Staff costs -€118,054
down €118,054 (-22.4%), from €527,029 to €408,974
- Taxes -€9,168
no longer reported in 2022 (was €9,168)
- Other operating charges +€8,276
up €8,276 (+94.2%), from €8,785 to €17,061
- Depreciation +€6,477
up €6,477 (+25.1%), from €25,824 to €32,300
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €826,267 | €805,917 | -€20,350 | -2.5% |
| Fixed assets | 21/28 | €94,943 | €91,790 | -€3,153 | -3.3% |
| Intangible fixed assets | 21 | €7,830 | €5,094 | -€2,735 | -34.9% |
| Tangible fixed assets | 22/27 | €85,752 | €85,334 | -€418 | -0.5% |
| Plant, machinery and equipment | 23 | €53,158 | €41,443 | -€11,714 | -22.0% |
| Furniture and vehicles | 24 | €32,595 | €43,891 | +€11,296 | +34.7% |
| Financial fixed assets | 28 | €1,361 | €1,361 | = | 0.0% |
| Current assets | 29/58 | €731,324 | €714,127 | -€17,197 | -2.4% |
| Stocks and contracts in progress | 3 | €499,717 | €478,910 | -€20,807 | -4.2% |
| Stocks | 30/36 | €499,717 | €478,910 | -€20,807 | -4.2% |
| Amounts receivable within one year | 40/41 | €231,607 | €234,681 | +€3,074 | +1.3% |
| Trade receivables | 40 | €213,713 | €223,219 | +€9,506 | +4.4% |
| Other amounts receivable | 41 | €17,894 | €11,462 | -€6,432 | -35.9% |
| Cash at bank and in hand | 54/58 | - | €536 | +€536 | |
| Total equity and liabilities | 10/49 | €826,267 | €805,917 | -€20,350 | -2.5% |
| Equity | 10/15 | €188,001 | €179,008 | -€8,994 | -4.8% |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Capital | 10 | €265,000 | €265,000 | = | 0.0% |
| Issued capital | 100 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €26,653 | €26,653 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,089 | €14,089 | = | 0.0% |
| Legal reserve | 130 | €14,089 | €14,089 | = | 0.0% |
| Distributable reserves | 133 | €12,564 | €12,564 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,652 | -€112,646 | -€8,994 | -8.7% |
| Amounts payable | 17/49 | €638,266 | €626,910 | -€11,357 | -1.8% |
| Amounts payable after more than one year | 17 | €202,069 | €250,660 | +€48,591 | +24.0% |
| Financial debts | 170/4 | €202,069 | €250,660 | +€48,591 | +24.0% |
| Amounts payable within one year | 42/48 | €436,198 | €376,250 | -€59,948 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €91,634 | €85,575 | -€6,058 | -6.6% |
| Trade debts | 44 | €321,587 | €240,697 | -€80,890 | -25.2% |
| Suppliers | 440/4 | €321,587 | €240,697 | -€80,890 | -25.2% |
| Advances received on contracts in progress | 46 | €350 | €520 | +€170 | +48.6% |
| Taxes, remuneration and social security | 45 | €22,627 | €49,458 | +€26,831 | +119% |
| Taxes | 450/3 | €22,047 | €49,458 | +€27,411 | +124% |
| Remuneration and social security | 454/9 | €580 | - | -€580 | |
| Non-recurring operating income | 76A | - | €1,172 | +€1,172 | |
| Remuneration, social security and pensions | 62 | €527,029 | €408,974 | -€118,054 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,824 | €32,300 | +€6,477 | +25.1% |
| Other operating charges | 640/8 | €8,785 | €17,061 | +€8,276 | +94.2% |
| Gross operating margin | 9900 | €610,875 | €485,550 | -€125,326 | -20.5% |
| Operating profit (loss) | 9901 | €49,238 | €27,214 | -€22,025 | -44.7% |
| Financial income | 75/76B | €3,191 | €367 | -€2,824 | -88.5% |
| Recurring financial income | 75 | €3,191 | €367 | -€2,824 | -88.5% |
| Financial charges | 65/66B | €36,790 | €36,574 | -€216 | -0.6% |
| Recurring financial charges | 65 | €36,790 | €36,574 | -€216 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €15,640 | -€8,994 | -€24,633 | |
| Income taxes | 67/77 | €9,168 | - | -€9,168 | |
| Profit (loss) for the period | 9904 | €6,471 | -€8,994 | -€15,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,471 | -€8,994 | -€15,465 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.