Devos: 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.
Devos
Largest movements
- Cash +€61,054
up €61,054 (+66.1%), from €92,419 to €153,473
mainly Net result for the year (+€62,359) and Debts after one year (+€23,429)
- Tangible fixed assets +€32,641
up €32,641 (+134%), from €24,321 to €56,962
of which Other tangible fixed assets: +€17,047
- Receivables within one year +€5,818
up €5,818 (+219%), from €2,656 to €8,474
of which Other amounts receivable: +€5,822
- Reserves +€50,359
up €50,359 (+59.9%), from €84,053 to €134,412
of which Distributable reserves: +€50,359
- Debts after one year +€23,429
up €23,429 (+569%), from €4,116 to €27,545
- Current portion of long-term debt +€14,251
up €14,251 (+200%), from €7,123 to €21,374
- Other debts +€11,553
up €11,553 (+1,185%), from €975 to €12,528
- Gross operating margin +€20,794
up €20,794 (+17.9%), from €115,903 to €136,697
- Taxes +€17,451
up €17,451 (+6,003%), from €291 to €17,741
- Staff costs -€12,871
down €12,871 (-22.9%), from €56,182 to €43,311
- Depreciation -€2,257
down €2,257 (-19.5%), from €11,571 to €9,313
- Financial income +€2,241
up €2,241 (+175%), from €1,277 to €3,517
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 | €139,801 | €238,274 | +€98,473 | +70.4% |
| Fixed assets | 21/28 | €26,303 | €57,619 | +€31,316 | +119% |
| Intangible fixed assets | 21 | €1,982 | €657 | -€1,325 | -66.9% |
| Tangible fixed assets | 22/27 | €24,321 | €56,962 | +€32,641 | +134% |
| Plant, machinery and equipment | 23 | €13,194 | €18,119 | +€4,925 | +37.3% |
| Leasing and similar rights | 25 | €9,055 | €19,724 | +€10,669 | +118% |
| Other tangible fixed assets | 26 | €2,073 | €19,120 | +€17,047 | +822% |
| Current assets | 29/58 | €113,498 | €180,655 | +€67,157 | +59.2% |
| Amounts receivable after more than one year | 29 | €16,000 | €16,000 | = | 0.0% |
| Other amounts receivable | 291 | €16,000 | €16,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,769 | €1,680 | -€88 | -5.0% |
| Stocks | 30/36 | €1,769 | €1,680 | -€88 | -5.0% |
| Amounts receivable within one year | 40/41 | €2,656 | €8,474 | +€5,818 | +219% |
| Trade receivables | 40 | €2,476 | €2,472 | -€4 | -0.2% |
| Other amounts receivable | 41 | €180 | €6,002 | +€5,822 | +3,232% |
| Cash at bank and in hand | 54/58 | €92,419 | €153,473 | +€61,054 | +66.1% |
| Deferred charges and accrued income | 490/1 | €655 | €1,028 | +€373 | +57.0% |
| Total equity and liabilities | 10/49 | €139,801 | €238,274 | +€98,473 | +70.4% |
| Equity | 10/15 | €102,653 | €153,012 | +€50,359 | +49.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,053 | €134,412 | +€50,359 | +59.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,193 | €132,552 | +€50,359 | +61.3% |
| Amounts payable | 17/49 | €37,148 | €85,262 | +€48,114 | +130% |
| Amounts payable after more than one year | 17 | €4,116 | €27,545 | +€23,429 | +569% |
| Financial debts | 170/4 | €4,116 | €27,545 | +€23,429 | +569% |
| Amounts payable within one year | 42/48 | €33,032 | €57,717 | +€24,685 | +74.7% |
| Current portion of amounts payable after more than one year | 42 | €7,123 | €21,374 | +€14,251 | +200% |
| Trade debts | 44 | €9,082 | €10,094 | +€1,013 | +11.2% |
| Suppliers | 440/4 | €9,082 | €10,094 | +€1,013 | +11.2% |
| Taxes, remuneration and social security | 45 | €15,852 | €13,721 | -€2,131 | -13.4% |
| Taxes | 450/3 | €5,200 | €9,424 | +€4,224 | +81.2% |
| Remuneration and social security | 454/9 | €10,652 | €4,297 | -€6,355 | -59.7% |
| Other amounts payable | 47/48 | €975 | €12,528 | +€11,553 | +1,185% |
| Remuneration, social security and pensions | 62 | €56,182 | €43,311 | -€12,871 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,571 | €9,313 | -€2,257 | -19.5% |
| Other operating charges | 640/8 | €1,336 | €2,082 | +€746 | +55.9% |
| Non-recurring operating charges | 66A | - | €3,428 | +€3,428 | |
| Gross operating margin | 9900 | €115,903 | €136,697 | +€20,794 | +17.9% |
| Operating profit (loss) | 9901 | €46,816 | €78,563 | +€31,748 | +67.8% |
| Financial income | 75/76B | €1,277 | €3,517 | +€2,241 | +175% |
| Recurring financial income | 75 | €1,277 | €3,517 | +€2,241 | +175% |
| Financial charges | 65/66B | €949 | €1,981 | +€1,032 | +109% |
| Recurring financial charges | 65 | €949 | €1,981 | +€1,032 | +109% |
| Profit (loss) for the period before taxes | 9903 | €47,144 | €80,100 | +€32,956 | +69.9% |
| Income taxes | 67/77 | €291 | €17,741 | +€17,451 | +6,003% |
| Profit (loss) for the period | 9904 | €46,853 | €62,359 | +€15,506 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,853 | €62,359 | +€15,506 | +33.1% |
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 24 October 2026 via checked.be.