DEVOS GROUP: 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.
What changed
DEVOS GROUP
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €3.6m-€1.7m
Equity
€26.5m
2024 · €24.7m+€1.9m
Cash
€2.9m
2024 · €834,285+€2.1m
Balance sheet total
€64.2m
2024 · €67.4m-€3.3m
Largest movements
Assets
- Receivables within one year -€7.0m
down €7.0m (-38.8%), from €18.0m to €11.0m
of which Trade receivables: -€5.3m
- Stocks and contracts -€5.0m
down €5.0m (-35.5%), from €14.0m to €9.1m
- Financial fixed assets +€2.7m
up €2.7m (+147%), from €1.9m to €4.6m
of which Affiliated companies: +€2.1m
- Tangible fixed assets +€2.4m
up €2.4m (+7.5%), from €32.2m to €34.6m
of which Land and buildings: +€2.2m
- Cash +€2.1m
up €2.1m (+250%), from €834,285 to €2.9m
mainly Receivables within one year (+€7.0m) and Stocks and contracts (+€5.0m)
Equity and liabilities
- Short-term financial debts -€5.6m
down €5.6m (-94.3%), from €5.9m to €336,470
- Other debts +€1.9m
up €1.9m (+6.9%), from €27.0m to €28.9m
- Reserves +€1.9m
up €1.9m (+9.3%), from €20.0m to €21.9m
of which Distributable reserves: +€2.1m
- Trade debts -€1.1m
down €1.1m (-18.6%), from €5.9m to €4.8m
Income statement
- Services and other goods -€4.6m
down €4.6m (-27.0%), from €16.9m to €12.4m
- Goods and materials +€1.4m
up €1.4m (+2.6%), from €55.4m to €56.8m
of which Purchases: +€1.2m
- Other operating income +€1.2m
up €1.2m (+44.0%), from €2.8m to €4.0m
- Turnover +€1.0m
up €1.0m (+1.3%), from €79.0m to €80.0m
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.
Result 2024
€3.6m
Turnover
+€1.0m
Other operating income
+€1.2m
Goods and materials
-€1.4m
Services and other goods
+€4.6m
Staff costs
+€133,473
Depreciation
-€772,378
Write-downs
+€8,199
Other operating charges
-€54,682
Other operating items
-€7.2m
Financial income
+€120,819
Financial charges
-€22,626
Taxes
+€611,214
Result 2025
€1.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€17.1m
Investment
-€8.9m
Financing
-€6.1m
Cash 2024
€834,285
From operations (derived)
+€17.1m
Net result for the year
+€1.9m
Depreciation
+€3.8m
Receivables after one year
-€1.8m
Stocks and contracts
+€5.0m
Receivables within one year
+€7.0m
Deferred charges and accrued income
+€268,549
Trade debts
-€1.1m
Tax, wage and social debts
+€50,468
Advances received
+€53,715
Other debts
+€1.9m
Accrued charges and deferred income
+€73,067
Investment (derived)
-€8.9m
Investment in fixed assets (net)
-€8.9m
Financing
-€6.1m
Debts after one year
-€466,000
Current portion of long-term debt
-€0
Short-term financial debts
-€5.6m
Cash 2025
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,432,909 | €64,172,657 | -€3.3m | -4.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €34,230,807 | €39,372,977 | +€5.1m | +15.0% |
| Intangible fixed assets | 21 | €210,162 | €212,083 | +€1,921 | +0.9% |
| Tangible fixed assets | 22/27 | €32,169,646 | €34,587,910 | +€2.4m | +7.5% |
| Land and buildings | 22 | €28,321,820 | €30,537,111 | +€2.2m | +7.8% |
| Plant, machinery and equipment | 23 | €1,299,200 | €1,058,640 | -€240,560 | -18.5% |
| Furniture and vehicles | 24 | €1,391,321 | €1,078,750 | -€312,571 | -22.5% |
| Other tangible fixed assets | 26 | €1,157,305 | €948,409 | -€208,896 | -18.1% |
| Assets under construction and advance payments | 27 | - | €965,000 | +€965,000 | |
| Financial fixed assets | 28 | €1,850,999 | €4,572,984 | +€2.7m | +147% |
| Affiliated companies | 280/1 | €1,745,999 | €3,867,984 | +€2.1m | +122% |
| Participating interests | 280 | €1,745,999 | €3,867,984 | +€2.1m | +122% |
| Companies linked by participating interests | 282/3 | €100,000 | €700,000 | +€600,000 | +600% |
| Participating interests | 282 | €100,000 | €700,000 | +€600,000 | +600% |
| Other financial fixed assets | 284/8 | €5,000 | €5,000 | = | 0.0% |
| Shares | 284 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €33,202,102 | €24,799,681 | -€8.4m | -25.3% |
| Amounts receivable after more than one year | 29 | - | €1,756,759 | +€1.8m | |
| Trade receivables | 290 | - | €1,756,759 | +€1.8m | |
| Stocks and contracts in progress | 3 | €14,043,111 | €9,051,303 | -€5.0m | -35.5% |
| Stocks | 30/36 | €14,043,111 | €9,051,303 | -€5.0m | -35.5% |
| Work in progress | 32 | €12,784,955 | €9,051,303 | -€3.7m | -29.2% |
| Goods purchased for resale | 34 | €1,258,156 | - | -€1.3m | |
| Amounts receivable within one year | 40/41 | €18,016,394 | €11,033,540 | -€7.0m | -38.8% |
| Trade receivables | 40 | €10,055,793 | €4,787,748 | -€5.3m | -52.4% |
| Other amounts receivable | 41 | €7,960,601 | €6,245,792 | -€1.7m | -21.5% |
| Cash at bank and in hand | 54/58 | €834,285 | €2,918,314 | +€2.1m | +250% |
| Deferred charges and accrued income | 490/1 | €308,314 | €39,764 | -€268,549 | -87.1% |
| Total equity and liabilities | 10/49 | €67,432,909 | €64,172,657 | -€3.3m | -4.8% |
| Equity | 10/15 | €24,651,508 | €26,516,511 | +€1.9m | +7.6% |
| Contributions | 10/11 | €4,665,100 | €4,665,100 | = | 0.0% |
| Reserves | 13 | €19,986,408 | €21,851,411 | +€1.9m | +9.3% |
| Tax-exempt reserves | 132 | €2,019,958 | €1,778,075 | -€241,884 | -12.0% |
| Distributable reserves | 133 | €17,966,450 | €20,073,337 | +€2.1m | +11.7% |
| Amounts payable | 17/49 | €42,781,401 | €37,656,146 | -€5.1m | -12.0% |
| Amounts payable after more than one year | 17 | €2,336,286 | €1,870,286 | -€466,000 | -19.9% |
| Financial debts | 170/4 | €2,336,286 | €1,870,286 | -€466,000 | -19.9% |
| Credit institutions | 173 | €2,336,286 | €1,870,286 | -€466,000 | -19.9% |
| Amounts payable within one year | 42/48 | €39,984,295 | €35,251,973 | -€4.7m | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €466,000 | €466,000 | -€0 | 0.0% |
| Financial debts | 43 | €5,937,980 | €336,470 | -€5.6m | -94.3% |
| Credit institutions | 430/8 | €5,937,980 | €336,470 | -€5.6m | -94.3% |
| Trade debts | 44 | €5,941,743 | €4,836,574 | -€1.1m | -18.6% |
| Suppliers | 440/4 | €5,941,743 | €4,836,574 | -€1.1m | -18.6% |
| Advances received on contracts in progress | 46 | - | €53,715 | +€53,715 | |
| Taxes, remuneration and social security | 45 | €597,621 | €648,089 | +€50,468 | +8.4% |
| Taxes | 450/3 | €291,819 | €280,098 | -€11,722 | -4.0% |
| Remuneration and social security | 454/9 | €305,802 | €367,991 | +€62,189 | +20.3% |
| Other amounts payable | 47/48 | €27,040,951 | €28,911,125 | +€1.9m | +6.9% |
| Accrued charges and deferred income | 492/3 | €460,821 | €533,887 | +€73,067 | +15.9% |
| Operating income | 70/76A | €85,994,331 | €81,308,925 | -€4.7m | -5.4% |
| Turnover | 70 | €78,963,184 | €80,005,806 | +€1.0m | +1.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €4,186,915 | -€2,968,152 | -€7.2m | |
| Other operating income | 74 | €2,771,232 | €3,990,643 | +€1.2m | +44.0% |
| Non-recurring operating income | 76A | €73,000 | €280,628 | +€207,628 | +284% |
| Operating charges | 60/66A | €80,099,108 | €77,870,266 | -€2.2m | -2.8% |
| Goods for resale, raw materials and consumables | 60 | €55,354,152 | €56,797,060 | +€1.4m | +2.6% |
| Purchases | 600/8 | €54,307,710 | €55,538,905 | +€1.2m | +2.3% |
| Change in stocks: decrease (increase) | 609 | €1,046,442 | €1,258,156 | +€211,714 | +20.2% |
| Services and other goods | 61 | €16,941,888 | €12,372,573 | -€4.6m | -27.0% |
| Remuneration, social security and pensions | 62 | €4,504,364 | €4,370,891 | -€133,473 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,025,201 | €3,797,579 | +€772,378 | +25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,199 | €18,000 | -€8,199 | -31.3% |
| Other operating charges | 640/8 | €220,831 | €275,512 | +€54,682 | +24.8% |
| Non-recurring operating charges | 66A | €26,473 | €238,650 | +€212,177 | +801% |
| Operating profit (loss) | 9901 | €5,895,223 | €3,438,660 | -€2.5m | -41.7% |
| Financial income | 75/76B | €142,175 | €262,994 | +€120,819 | +85.0% |
| Recurring financial income | 75 | €142,175 | €262,994 | +€120,819 | +85.0% |
| Income from financial fixed assets | 750 | €8,440 | €45,692 | +€37,251 | +441% |
| Income from current assets | 751 | €97,856 | €153,412 | +€55,556 | +56.8% |
| Other financial income | 752/9 | €35,879 | €63,890 | +€28,011 | +78.1% |
| Financial charges | 65/66B | €1,424,768 | €1,447,394 | +€22,626 | +1.6% |
| Recurring financial charges | 65 | €1,424,768 | €1,297,395 | -€127,373 | -8.9% |
| Debt charges | 650 | €1,335,996 | €1,226,891 | -€109,105 | -8.2% |
| Other financial charges | 652/9 | €88,772 | €70,503 | -€18,269 | -20.6% |
| Non-recurring financial charges | 66B | - | €149,999 | +€149,999 | |
| Profit (loss) for the period before taxes | 9903 | €4,612,630 | €2,254,260 | -€2.4m | -51.1% |
| Income taxes | 67/77 | €1,000,470 | €389,257 | -€611,214 | -61.1% |
| Taxes | 670/3 | €1,013,752 | €389,257 | -€624,496 | -61.6% |
| Tax adjustments and reversals of tax provisions | 77 | €13,282 | - | -€13,282 | |
| Profit (loss) for the period | 9904 | €3,612,159 | €1,865,003 | -€1.7m | -48.4% |
| Transfer from tax-exempt reserves | 789 | - | €241,884 | +€241,884 | |
| Transfer to tax-exempt reserves | 689 | €997,770 | - | -€997,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,614,389 | €2,106,887 | -€507,503 | -19.4% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.