DEVOS ENGINEERING: 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.
DEVOS ENGINEERING
Largest movements
- Receivables within one year +€616,413
up €616,413 (+2614.8%), from €23,574 to €639,987
of which Trade receivables: +€581,833
- Cash -€276,914
down €276,914 (-71.4%), from €387,771 to €110,857
mainly Receivables within one year (-€616,413) and Advances received (-€112,500)
- Current investments +€100,000
new in 2025: €100,000
- Trade debts +€455,694
up €455,694 (+689.9%), from €66,053 to €521,746
- Profit (loss) carried forward +€138,797
up €138,797 (+82.2%), from €168,850 to €307,648
- Advances received -€112,500
down €112,500 (-100.0%), from €112,500 to €0
- Tax, wage and social debts -€42,930
down €42,930 (-97.6%), from €43,990 to €1,060
of which Taxes: -€42,930
- Staff costs -€86,234
down €86,234, from €82,024 to -€4,209
- Taxes +€57,807
up €57,807, from -€11,064 to €46,743
- Gross operating margin +€54,722
up €54,722 (+44.6%), from €122,615 to €177,337
- Financial income +€3,089
up €3,089 (+226.3%), from €1,365 to €4,454
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 | €412,050 | €850,914 | +€438,865 | +106.5% |
| Fixed assets | 21/28 | €50 | €0 | -€50 | -100.0% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €412,000 | €850,914 | +€438,915 | +106.5% |
| Amounts receivable within one year | 40/41 | €23,574 | €639,987 | +€616,413 | +2614.8% |
| Trade receivables | 40 | €14,277 | €596,110 | +€581,833 | +4075.2% |
| Other amounts receivable | 41 | €9,297 | €43,877 | +€34,580 | +371.9% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €387,771 | €110,857 | -€276,914 | -71.4% |
| Deferred charges and accrued income | 490/1 | €654 | €70 | -€584 | -89.3% |
| Total equity and liabilities | 10/49 | €412,050 | €850,914 | +€438,865 | +106.5% |
| Equity | 10/15 | €189,310 | €328,108 | +€138,797 | +73.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,850 | €307,648 | +€138,797 | +82.2% |
| Amounts payable | 17/49 | €222,739 | €522,806 | +€300,067 | +134.7% |
| Amounts payable within one year | 42/48 | €222,543 | €522,806 | +€300,264 | +134.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €66,053 | €521,746 | +€455,694 | +689.9% |
| Suppliers | 440/4 | €66,053 | €521,746 | +€455,694 | +689.9% |
| Advances received on contracts in progress | 46 | €112,500 | €0 | -€112,500 | -100.0% |
| Taxes, remuneration and social security | 45 | €43,990 | €1,060 | -€42,930 | -97.6% |
| Taxes | 450/3 | €43,990 | €1,060 | -€42,930 | -97.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €196 | €0 | -€196 | -100.0% |
| Remuneration, social security and pensions | 62 | €82,024 | -€4,209 | -€86,234 | |
| Other operating charges | 640/8 | €152 | €88 | -€64 | -42.3% |
| Gross operating margin | 9900 | €122,615 | €177,337 | +€54,722 | +44.6% |
| Operating profit (loss) | 9901 | €40,438 | €181,458 | +€141,020 | +348.7% |
| Financial income | 75/76B | €1,365 | €4,454 | +€3,089 | +226.3% |
| Recurring financial income | 75 | €1,365 | €4,454 | +€3,089 | +226.3% |
| Financial charges | 65/66B | €1,269 | €372 | -€897 | -70.7% |
| Recurring financial charges | 65 | €1,269 | €372 | -€897 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €40,535 | €185,540 | +€145,005 | +357.7% |
| Income taxes | 67/77 | -€11,064 | €46,743 | +€57,807 | |
| Profit (loss) for the period | 9904 | €51,599 | €138,797 | +€87,198 | +169.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,599 | €138,797 | +€87,198 | +169.0% |
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 28 September 2026 via checked.be.