DEVOS-IMMO: 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-IMMO
Largest movements
- Current investments +€1.5m
new in 2025: €1.5m
- Cash -€742,629
down €742,629 (-69.7%), from €1.1m to €323,475
mainly Current investments (-€1.5m) and Debts after one year (-€36,266)
- Receivables within one year -€232,317
down €232,317 (-19.3%), from €1.2m to €972,768
of which Other amounts receivable: -€205,497
- Tangible fixed assets -€102,496
down €102,496 (-4.3%), from €2.4m to €2.3m
of which Land and buildings: -€51,375
- Reserves +€266,323
up €266,323 (+6.0%), from €4.4m to €4.7m
of which Distributable reserves: +€266,323
- Trade debts +€91,332
up €91,332 (+136%), from €67,299 to €158,631
- Other debts +€79,986
up €79,986 (+850%), from €9,415 to €89,401
- Financial charges +€409,211
up €409,211 (+4,577%), from €8,940 to €418,151
- Gross operating margin +€353,367
up €353,367 (+61.5%), from €574,682 to €928,049
- Financial income -€214,576
down €214,576 (-71.6%), from €299,512 to €84,936
- Other operating charges +€15,789
up €15,789 (+11.5%), from €137,184 to €152,973
- Taxes -€11,018
down €11,018 (-13.4%), from €82,179 to €71,162
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 | €6,246,628 | €6,679,645 | +€433,018 | +6.9% |
| Fixed assets | 21/28 | €3,860,053 | €3,757,557 | -€102,496 | -2.7% |
| Tangible fixed assets | 22/27 | €2,381,384 | €2,278,888 | -€102,496 | -4.3% |
| Land and buildings | 22 | €1,086,852 | €1,035,477 | -€51,375 | -4.7% |
| Plant, machinery and equipment | 23 | €8,624 | €5,960 | -€2,664 | -30.9% |
| Leasing and similar rights | 25 | €1,285,907 | €1,237,450 | -€48,457 | -3.8% |
| Financial fixed assets | 28 | €1,478,669 | €1,478,669 | = | 0.0% |
| Current assets | 29/58 | €2,386,575 | €2,922,088 | +€535,514 | +22.4% |
| Amounts receivable within one year | 40/41 | €1,205,085 | €972,768 | -€232,317 | -19.3% |
| Trade receivables | 40 | €946,797 | €919,976 | -€26,821 | -2.8% |
| Other amounts receivable | 41 | €258,289 | €52,792 | -€205,497 | -79.6% |
| Current investments | 50/53 | - | €1,503,378 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €1,066,103 | €323,475 | -€742,629 | -69.7% |
| Deferred charges and accrued income | 490/1 | €115,386 | €122,468 | +€7,082 | +6.1% |
| Total equity and liabilities | 10/49 | €6,246,628 | €6,679,645 | +€433,018 | +6.9% |
| Equity | 10/15 | €5,716,405 | €5,982,729 | +€266,323 | +4.7% |
| Contributions | 10/11 | €1,311,394 | €1,311,394 | = | 0.0% |
| Capital | 10 | €1,311,394 | €1,311,394 | = | 0.0% |
| Issued capital | 100 | €1,311,394 | €1,311,394 | = | 0.0% |
| Reserves | 13 | €4,405,012 | €4,671,335 | +€266,323 | +6.0% |
| Non-distributable reserves | 130/1 | €176,933 | €176,933 | = | 0.0% |
| Legal reserve | 130 | €176,933 | €176,933 | = | 0.0% |
| Distributable reserves | 133 | €4,228,078 | €4,494,402 | +€266,323 | +6.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €84,000 | €84,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €84,000 | €84,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €84,000 | €84,000 | = | 0.0% |
| Amounts payable | 17/49 | €446,222 | €612,917 | +€166,695 | +37.4% |
| Amounts payable after more than one year | 17 | €252,679 | €216,413 | -€36,266 | -14.4% |
| Financial debts | 170/4 | €252,679 | €216,413 | -€36,266 | -14.4% |
| Amounts payable within one year | 42/48 | €193,544 | €396,504 | +€202,960 | +105% |
| Current portion of amounts payable after more than one year | 42 | €35,169 | €36,175 | +€1,006 | +2.9% |
| Trade debts | 44 | €67,299 | €158,631 | +€91,332 | +136% |
| Suppliers | 440/4 | €67,299 | €158,631 | +€91,332 | +136% |
| Taxes, remuneration and social security | 45 | €81,661 | €112,297 | +€30,636 | +37.5% |
| Taxes | 450/3 | €69,799 | €100,517 | +€30,717 | +44.0% |
| Remuneration and social security | 454/9 | €11,862 | €11,780 | -€82 | -0.7% |
| Other amounts payable | 47/48 | €9,415 | €89,401 | +€79,986 | +850% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,140 | €102,496 | -€644 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,716 | +€1,716 | |
| Other operating charges | 640/8 | €137,184 | €152,973 | +€15,789 | +11.5% |
| Non-recurring operating charges | 66A | - | €165 | +€165 | |
| Gross operating margin | 9900 | €574,682 | €928,049 | +€353,367 | +61.5% |
| Operating profit (loss) | 9901 | €334,358 | €670,699 | +€336,341 | +101% |
| Financial income | 75/76B | €299,512 | €84,936 | -€214,576 | -71.6% |
| Recurring financial income | 75 | €299,512 | €84,936 | -€214,576 | -71.6% |
| Financial charges | 65/66B | €8,940 | €418,151 | +€409,211 | +4,577% |
| Recurring financial charges | 65 | €8,940 | €418,151 | +€409,211 | +4,577% |
| Profit (loss) for the period before taxes | 9903 | €624,930 | €337,485 | -€287,445 | -46.0% |
| Income taxes | 67/77 | €82,179 | €71,162 | -€11,018 | -13.4% |
| Profit (loss) for the period | 9904 | €542,751 | €266,323 | -€276,428 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €542,751 | €266,323 | -€276,428 | -50.9% |
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 26 October 2026 via checked.be.