DEVOS FRANK: 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 FRANK
Largest movements
- Cash +€17,164
up €17,164 (+61.0%), from €28,148 to €45,311
mainly Net result for the year (+€10,572) and Depreciation (+€7,012)
- Tangible fixed assets -€7,012
down €7,012 (-87.7%), from €7,998 to €986
of which Furniture and vehicles: -€6,834
- Receivables within one year -€1,395
down €1,395 (-2.9%), from €48,530 to €47,135
of which Trade receivables: -€10,338
- Reserves +€10,572
up €10,572 (+18.1%), from €58,462 to €69,033
of which Distributable reserves: +€10,572
- Debts after one year -€3,812
no longer reported in 2025 (was €3,812)
- Tax, wage and social debts +€2,535
up €2,535 (+25.3%), from €10,010 to €12,546
of which Taxes: +€2,413
- Current portion of long-term debt -€1,271
down €1,271 (-25.0%), from €5,083 to €3,812
- Staff costs +€4,348
up €4,348 (+10.1%), from €42,894 to €47,242
- Depreciation -€3,409
down €3,409 (-32.7%), from €10,422 to €7,012
- Taxes +€2,410
up €2,410 (+74.7%), from €3,228 to €5,637
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 | €84,779 | €93,493 | +€8,714 | +10.3% |
| Fixed assets | 21/28 | €8,048 | €1,036 | -€7,012 | -87.1% |
| Tangible fixed assets | 22/27 | €7,998 | €986 | -€7,012 | -87.7% |
| Plant, machinery and equipment | 23 | €178 | - | -€178 | |
| Furniture and vehicles | 24 | €7,820 | €986 | -€6,834 | -87.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €76,731 | €92,457 | +€15,726 | +20.5% |
| Amounts receivable within one year | 40/41 | €48,530 | €47,135 | -€1,395 | -2.9% |
| Trade receivables | 40 | €13,068 | €2,730 | -€10,338 | -79.1% |
| Other amounts receivable | 41 | €35,462 | €44,405 | +€8,943 | +25.2% |
| Cash at bank and in hand | 54/58 | €28,148 | €45,311 | +€17,164 | +61.0% |
| Deferred charges and accrued income | 490/1 | €53 | €11 | -€42 | -80.0% |
| Total equity and liabilities | 10/49 | €84,779 | €93,493 | +€8,714 | +10.3% |
| Equity | 10/15 | €64,662 | €75,233 | +€10,572 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,462 | €69,033 | +€10,572 | +18.1% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €57,842 | €68,413 | +€10,572 | +18.3% |
| Amounts payable | 17/49 | €20,117 | €18,260 | -€1,857 | -9.2% |
| Amounts payable after more than one year | 17 | €3,812 | - | -€3,812 | |
| Financial debts | 170/4 | €3,812 | - | -€3,812 | |
| Amounts payable within one year | 42/48 | €16,305 | €18,260 | +€1,955 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €5,083 | €3,812 | -€1,271 | -25.0% |
| Trade debts | 44 | €1,212 | €1,902 | +€690 | +56.9% |
| Suppliers | 440/4 | €1,212 | €1,902 | +€690 | +56.9% |
| Taxes, remuneration and social security | 45 | €10,010 | €12,546 | +€2,535 | +25.3% |
| Taxes | 450/3 | €7,475 | €9,888 | +€2,413 | +32.3% |
| Remuneration and social security | 454/9 | €2,535 | €2,658 | +€122 | +4.8% |
| Non-recurring operating income | 76A | - | €52 | +€52 | |
| Remuneration, social security and pensions | 62 | €42,894 | €47,242 | +€4,348 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,422 | €7,012 | -€3,409 | -32.7% |
| Other operating charges | 640/8 | €1,779 | €1,607 | -€172 | -9.7% |
| Non-recurring operating charges | 66A | - | €1,270 | +€1,270 | |
| Gross operating margin | 9900 | €71,813 | €71,951 | +€137 | +0.2% |
| Operating profit (loss) | 9901 | €16,719 | €14,820 | -€1,900 | -11.4% |
| Financial income | 75/76B | €1,492 | €1,633 | +€141 | +9.4% |
| Recurring financial income | 75 | €1,492 | €1,633 | +€141 | +9.4% |
| Financial charges | 65/66B | €294 | €244 | -€50 | -17.1% |
| Recurring financial charges | 65 | €294 | €244 | -€50 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €17,918 | €16,209 | -€1,709 | -9.5% |
| Income taxes | 67/77 | €3,228 | €5,637 | +€2,410 | +74.7% |
| Profit (loss) for the period | 9904 | €14,690 | €10,572 | -€4,118 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,690 | €10,572 | -€4,118 | -28.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.