DEVOOGHT FILIP: what changed
Two fiscal 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.
DEVOOGHT FILIP
Largest movements
- Cash +€93,340
up €93,340 (+35.1%), from €266,258 to €359,598
mainly Net result for the year (+€141,804) and Other debts (+€95,525)
- Tangible fixed assets +€43,035
up €43,035 (+16.2%), from €265,649 to €308,685
of which Furniture and vehicles: +€46,905
- Receivables within one year +€25,867
up €25,867 (+8.7%), from €298,809 to €324,677
of which Other amounts receivable: +€36,363
- Other debts +€95,525
up €95,525 (+1094.4%), from €8,729 to €104,254
- Tax, wage and social debts +€27,980
up €27,980 (+58.1%), from €48,166 to €76,147
of which Taxes: +€29,546
- Reserves +€22,194
up €22,194 (+4.7%), from €469,594 to €491,788
of which Tax-exempt reserves: +€42,100
- Current portion of long-term debt +€21,587
up €21,587 (+61.3%), from €35,228 to €56,815
- Trade debts -€15,290
down €15,290 (-12.6%), from €121,577 to €106,287
- Gross operating margin +€140,133
up €140,133 (+20.1%), from €696,829 to €836,962
- Staff costs +€127,268
up €127,268 (+31.4%), from €405,278 to €532,546
- Depreciation +€35,704
up €35,704 (+64.7%), from €55,201 to €90,904
- Taxes -€11,494
down €11,494 (-16.3%), from €70,627 to €59,132
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.
Cash bridge derived
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 | €830,917 | €993,669 | +€162,752 | +19.6% |
| Fixed assets | 21/28 | €265,849 | €308,885 | +€43,035 | +16.2% |
| Tangible fixed assets | 22/27 | €265,649 | €308,685 | +€43,035 | +16.2% |
| Land and buildings | 22 | €7,591 | €16,852 | +€9,261 | +122.0% |
| Plant, machinery and equipment | 23 | €3,219 | €4,249 | +€1,030 | +32.0% |
| Furniture and vehicles | 24 | €185,432 | €232,336 | +€46,905 | +25.3% |
| Leasing and similar rights | 25 | €69,407 | €55,247 | -€14,160 | -20.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €565,067 | €684,784 | +€119,717 | +21.2% |
| Amounts receivable within one year | 40/41 | €298,809 | €324,677 | +€25,867 | +8.7% |
| Trade receivables | 40 | €282,958 | €272,462 | -€10,496 | -3.7% |
| Other amounts receivable | 41 | €15,851 | €52,214 | +€36,363 | +229.4% |
| Cash at bank and in hand | 54/58 | €266,258 | €359,598 | +€93,340 | +35.1% |
| Deferred charges and accrued income | 490/1 | €0 | €509 | +€509 | |
| Total equity and liabilities | 10/49 | €830,917 | €993,669 | +€162,752 | +19.6% |
| Equity | 10/15 | €488,194 | €510,388 | +€22,194 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €469,594 | €491,788 | +€22,194 | +4.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €467,734 | €447,828 | -€19,906 | -4.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €342,723 | €483,281 | +€140,558 | +41.0% |
| Amounts payable after more than one year | 17 | €127,714 | €138,470 | +€10,756 | +8.4% |
| Financial debts | 170/4 | €51,807 | €34,992 | -€16,815 | -32.5% |
| Other amounts payable | 178/9 | €75,907 | €103,477 | +€27,570 | +36.3% |
| Amounts payable within one year | 42/48 | €215,009 | €344,811 | +€129,802 | +60.4% |
| Current portion of amounts payable after more than one year | 42 | €35,228 | €56,815 | +€21,587 | +61.3% |
| Trade debts | 44 | €121,577 | €106,287 | -€15,290 | -12.6% |
| Suppliers | 440/4 | €121,577 | €106,287 | -€15,290 | -12.6% |
| Advances received on contracts in progress | 46 | €1,309 | €1,309 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €48,166 | €76,147 | +€27,980 | +58.1% |
| Taxes | 450/3 | €30,393 | €59,939 | +€29,546 | +97.2% |
| Remuneration and social security | 454/9 | €17,773 | €16,208 | -€1,565 | -8.8% |
| Other amounts payable | 47/48 | €8,729 | €104,254 | +€95,525 | +1094.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €405,278 | €532,546 | +€127,268 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,201 | €90,904 | +€35,704 | +64.7% |
| Other operating charges | 640/8 | €5,737 | €4,462 | -€1,276 | -22.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €696,829 | €836,962 | +€140,133 | +20.1% |
| Operating profit (loss) | 9901 | €230,613 | €209,050 | -€21,563 | -9.4% |
| Financial income | 75/76B | €1,729 | €1,102 | -€627 | -36.2% |
| Recurring financial income | 75 | €1,729 | €1,102 | -€627 | -36.2% |
| Financial charges | 65/66B | €5,723 | €9,216 | +€3,494 | +61.1% |
| Recurring financial charges | 65 | €5,723 | €9,216 | +€3,494 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €226,620 | €200,936 | -€25,683 | -11.3% |
| Income taxes | 67/77 | €70,627 | €59,132 | -€11,494 | -16.3% |
| Profit (loss) for the period | 9904 | €155,993 | €141,804 | -€14,189 | -9.1% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €155,993 | €99,704 | -€56,289 | -36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.