DEVOOGHT-VERBEKE: 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.
DEVOOGHT-VERBEKE
Largest movements
- Cash -€40,148
down €40,148 (-44.7%), from €89,897 to €49,748
mainly Receivables within one year (-€32,519) and Net result for the year (-€25,455)
- Receivables within one year +€32,519
new in 2025: €32,519
of which Other amounts receivable: +€31,852
- Stocks and contracts -€24,054
down €24,054 (-100%), from €24,054 to €0
- Tangible fixed assets -€16,291
down €16,291 (-33.1%), from €49,201 to €32,909
of which Plant, machinery and equipment: -€12,037
- Reserves -€25,455
down €25,455 (-24.5%), from €104,104 to €78,650
- Debts after one year -€13,864
down €13,864 (-66.4%), from €20,882 to €7,018
- Trade debts -€4,017
down €4,017 (-74.9%), from €5,365 to €1,348
- Tax, wage and social debts -€2,081
down €2,081 (-38.0%), from €5,477 to €3,396
of which Remuneration and social security: -€1,851
- Gross operating margin -€61,536
down €61,536, from €55,563 to -€5,973
- Taxes -€9,601
down €9,601 (-96.1%), from €9,987 to €386
- Depreciation -€3,690
down €3,690 (-18.5%), from €19,982 to €16,291
- Other operating charges +€1,451
up €1,451 (+85.8%), from €1,691 to €3,142
- Financial income +€1,450
up €1,450 (+449%), from €323 to €1,773
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 | €163,151 | €116,676 | -€46,475 | -28.5% |
| Fixed assets | 21/28 | €49,201 | €32,909 | -€16,291 | -33.1% |
| Tangible fixed assets | 22/27 | €49,201 | €32,909 | -€16,291 | -33.1% |
| Plant, machinery and equipment | 23 | €44,946 | €32,909 | -€12,037 | -26.8% |
| Furniture and vehicles | 24 | €4,255 | €0 | -€4,255 | -100% |
| Current assets | 29/58 | €113,950 | €83,766 | -€30,184 | -26.5% |
| Stocks and contracts in progress | 3 | €24,054 | €0 | -€24,054 | -100% |
| Stocks | 30/36 | €24,054 | €0 | -€24,054 | -100% |
| Amounts receivable within one year | 40/41 | - | €32,519 | +€32,519 | |
| Trade receivables | 40 | - | €667 | +€667 | |
| Other amounts receivable | 41 | - | €31,852 | +€31,852 | |
| Cash at bank and in hand | 54/58 | €89,897 | €49,748 | -€40,148 | -44.7% |
| Deferred charges and accrued income | 490/1 | - | €1,499 | +€1,499 | |
| Total equity and liabilities | 10/49 | €163,151 | €116,676 | -€46,475 | -28.5% |
| Equity | 10/15 | €116,504 | €91,050 | -€25,455 | -21.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €104,104 | €78,650 | -€25,455 | -24.5% |
| Distributable reserves | 133 | €104,104 | €78,650 | -€25,455 | -24.5% |
| Amounts payable | 17/49 | €46,647 | €25,626 | -€21,021 | -45.1% |
| Amounts payable after more than one year | 17 | €20,882 | €7,018 | -€13,864 | -66.4% |
| Financial debts | 170/4 | €20,882 | €7,018 | -€13,864 | -66.4% |
| Amounts payable within one year | 42/48 | €25,765 | €18,608 | -€7,157 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €13,639 | €13,864 | +€225 | +1.6% |
| Trade debts | 44 | €5,365 | €1,348 | -€4,017 | -74.9% |
| Suppliers | 440/4 | €5,365 | €1,348 | -€4,017 | -74.9% |
| Taxes, remuneration and social security | 45 | €5,477 | €3,396 | -€2,081 | -38.0% |
| Taxes | 450/3 | €3,626 | €3,396 | -€230 | -6.3% |
| Remuneration and social security | 454/9 | €1,851 | €0 | -€1,851 | -100% |
| Other amounts payable | 47/48 | €1,284 | €0 | -€1,284 | -100% |
| Remuneration, social security and pensions | 62 | - | €96 | +€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,982 | €16,291 | -€3,690 | -18.5% |
| Other operating charges | 640/8 | €1,691 | €3,142 | +€1,451 | +85.8% |
| Gross operating margin | 9900 | €55,563 | -€5,973 | -€61,536 | |
| Operating profit (loss) | 9901 | €33,891 | -€25,502 | -€59,393 | |
| Financial income | 75/76B | €323 | €1,773 | +€1,450 | +449% |
| Recurring financial income | 75 | €323 | €1,773 | +€1,450 | +449% |
| Financial charges | 65/66B | €1,607 | €1,340 | -€267 | -16.6% |
| Recurring financial charges | 65 | €1,607 | €1,340 | -€267 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €32,607 | -€25,069 | -€57,675 | |
| Income taxes | 67/77 | €9,987 | €386 | -€9,601 | -96.1% |
| Profit (loss) for the period | 9904 | €22,620 | -€25,455 | -€48,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,620 | -€25,455 | -€48,074 |
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 14 October 2026 via checked.be.