Devos Invest: 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 Invest
Largest movements
- Tangible fixed assets -€40,057
down €40,057 (-3.7%), from €1.1m to €1.0m
of which Land and buildings: -€38,949
- Reserves +€109,112
up €109,112 (+19.0%), from €574,515 to €683,627
- Other debts -€97,271
down €97,271 (-31.4%), from €309,533 to €212,262
- Debts after one year -€66,978
down €66,978 (-10.6%), from €633,268 to €566,290
- Taxes -€7,877
down €7,877 (-17.6%), from €44,811 to €36,934
- Financial charges -€4,017
down €4,017 (-22.7%), from €17,669 to €13,652
- Gross operating margin +€2,124
up €2,124 (+1.0%), from €205,299 to €207,423
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 | €2,295,370 | €2,247,546 | -€47,824 | -2.1% |
| Fixed assets | 21/28 | €2,205,739 | €2,165,681 | -€40,057 | -1.8% |
| Tangible fixed assets | 22/27 | €1,088,729 | €1,048,671 | -€40,057 | -3.7% |
| Land and buildings | 22 | €1,084,449 | €1,045,500 | -€38,949 | -3.6% |
| Plant, machinery and equipment | 23 | €4,259 | €3,172 | -€1,087 | -25.5% |
| Furniture and vehicles | 24 | €20 | €0 | -€20 | -100% |
| Financial fixed assets | 28 | €1,117,010 | €1,117,010 | = | 0.0% |
| Current assets | 29/58 | €89,632 | €81,865 | -€7,767 | -8.7% |
| Amounts receivable within one year | 40/41 | €22,705 | €22,922 | +€217 | +1.0% |
| Trade receivables | 40 | €22,705 | €19,794 | -€2,911 | -12.8% |
| Other amounts receivable | 41 | - | €3,128 | +€3,128 | |
| Current investments | 50/53 | €22,725 | €23,218 | +€493 | +2.2% |
| Cash at bank and in hand | 54/58 | €44,202 | €35,725 | -€8,477 | -19.2% |
| Total equity and liabilities | 10/49 | €2,295,370 | €2,247,546 | -€47,824 | -2.1% |
| Equity | 10/15 | €1,264,515 | €1,373,627 | +€109,112 | +8.6% |
| Contributions | 10/11 | €690,000 | €690,000 | = | 0.0% |
| Reserves | 13 | €574,515 | €683,627 | +€109,112 | +19.0% |
| Distributable reserves | 133 | €574,515 | €683,627 | +€109,112 | +19.0% |
| Amounts payable | 17/49 | €1,030,855 | €873,919 | -€156,936 | -15.2% |
| Amounts payable after more than one year | 17 | €633,268 | €566,290 | -€66,978 | -10.6% |
| Financial debts | 170/4 | €633,268 | €566,290 | -€66,978 | -10.6% |
| Amounts payable within one year | 42/48 | €397,588 | €307,630 | -€89,958 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €66,487 | €66,978 | +€491 | +0.7% |
| Trade debts | 44 | €2,269 | €22,222 | +€19,953 | +880% |
| Suppliers | 440/4 | €2,269 | €22,222 | +€19,953 | +880% |
| Taxes, remuneration and social security | 45 | €19,299 | €6,168 | -€13,131 | -68.0% |
| Taxes | 450/3 | €16,099 | €6,168 | -€9,931 | -61.7% |
| Remuneration and social security | 454/9 | €3,200 | €0 | -€3,200 | -100% |
| Other amounts payable | 47/48 | €309,533 | €212,262 | -€97,271 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,243 | €40,057 | -€186 | -0.5% |
| Other operating charges | 640/8 | €8,023 | €8,361 | +€338 | +4.2% |
| Gross operating margin | 9900 | €205,299 | €207,423 | +€2,124 | +1.0% |
| Operating profit (loss) | 9901 | €157,033 | €159,005 | +€1,973 | +1.3% |
| Financial income | 75/76B | €31 | €693 | +€662 | +2,155% |
| Recurring financial income | 75 | €31 | €693 | +€662 | +2,155% |
| Financial charges | 65/66B | €17,669 | €13,652 | -€4,017 | -22.7% |
| Recurring financial charges | 65 | €17,669 | €13,652 | -€4,017 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €139,394 | €146,046 | +€6,651 | +4.8% |
| Income taxes | 67/77 | €44,811 | €36,934 | -€7,877 | -17.6% |
| Profit (loss) for the period | 9904 | €94,584 | €109,112 | +€14,528 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,584 | €109,112 | +€14,528 | +15.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.