Devos Management Services: 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 Management Services
Largest movements
- Cash -€136,909
down €136,909 (-47.4%), from €288,573 to €151,665
mainly Other debts (-€247,389) and Contributions, distributions and other (-€117,647)
- Receivables after one year -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Tangible fixed assets -€15,450
down €15,450 (-31.9%), from €48,408 to €32,958
of which Furniture and vehicles: -€20,234
- Receivables within one year +€5,158
up €5,158 (+26329.7%), from €20 to €5,178
of which Other amounts receivable: +€5,176
- Other debts -€247,389
down €247,389 (-100.0%), from €247,389 to €0
- Profit (loss) carried forward +€129,412
up €129,412, from €0 to €129,412
- Reserves -€111,323
down €111,323 (-92.2%), from €120,718 to €9,395
- Tax, wage and social debts -€8,646
down €8,646 (-16.7%), from €51,675 to €43,028
of which Taxes: -€8,646
- Debts after one year -€5,159
down €5,159 (-100.0%), from €5,159 to €0
- Gross operating margin +€22,072
up €22,072 (+12.7%), from €173,281 to €195,353
- Taxes +€5,495
up €5,495 (+16.1%), from €34,231 to €39,725
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 | €441,090 | €193,224 | -€247,867 | -56.2% |
| Fixed assets | 21/28 | €48,408 | €32,958 | -€15,450 | -31.9% |
| Tangible fixed assets | 22/27 | €48,408 | €32,958 | -€15,450 | -31.9% |
| Plant, machinery and equipment | 23 | €799 | €5,582 | +€4,784 | +598.9% |
| Furniture and vehicles | 24 | €47,609 | €27,375 | -€20,234 | -42.5% |
| Current assets | 29/58 | €392,683 | €160,266 | -€232,416 | -59.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100.0% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €20 | €5,178 | +€5,158 | +26329.7% |
| Trade receivables | 40 | €18 | €0 | -€18 | -100.0% |
| Other amounts receivable | 41 | €1 | €5,178 | +€5,176 | +410819.0% |
| Cash at bank and in hand | 54/58 | €288,573 | €151,665 | -€136,909 | -47.4% |
| Deferred charges and accrued income | 490/1 | €4,090 | €3,424 | -€666 | -16.3% |
| Total equity and liabilities | 10/49 | €441,090 | €193,224 | -€247,867 | -56.2% |
| Equity | 10/15 | €125,718 | €143,807 | +€18,089 | +14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €120,718 | €9,395 | -€111,323 | -92.2% |
| Distributable reserves | 133 | €120,718 | €9,395 | -€111,323 | -92.2% |
| Profit (loss) carried forward | 14 | €0 | €129,412 | +€129,412 | |
| Amounts payable | 17/49 | €315,372 | €49,417 | -€265,956 | -84.3% |
| Amounts payable after more than one year | 17 | €5,159 | €0 | -€5,159 | -100.0% |
| Financial debts | 170/4 | €5,159 | €0 | -€5,159 | -100.0% |
| Amounts payable within one year | 42/48 | €309,563 | €49,417 | -€260,146 | -84.0% |
| Current portion of amounts payable after more than one year | 42 | €10,227 | €5,159 | -€5,068 | -49.6% |
| Trade debts | 44 | €273 | €1,229 | +€957 | +350.5% |
| Suppliers | 440/4 | €273 | €1,229 | +€957 | +350.5% |
| Taxes, remuneration and social security | 45 | €51,675 | €43,028 | -€8,646 | -16.7% |
| Taxes | 450/3 | €51,675 | €43,028 | -€8,646 | -16.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €247,389 | €0 | -€247,389 | -100.0% |
| Accrued charges and deferred income | 492/3 | €651 | €0 | -€651 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,413 | €21,260 | -€153 | -0.7% |
| Other operating charges | 640/8 | €1,092 | €1,240 | +€148 | +13.6% |
| Gross operating margin | 9900 | €173,281 | €195,353 | +€22,072 | +12.7% |
| Operating profit (loss) | 9901 | €150,776 | €172,852 | +€22,076 | +14.6% |
| Financial income | 75/76B | €3,111 | €3,029 | -€82 | -2.7% |
| Recurring financial income | 75 | €3,111 | €3,029 | -€82 | -2.7% |
| Financial charges | 65/66B | €411 | €420 | +€9 | +2.2% |
| Recurring financial charges | 65 | €411 | €420 | +€9 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €153,476 | €175,461 | +€21,985 | +14.3% |
| Income taxes | 67/77 | €34,231 | €39,725 | +€5,495 | +16.1% |
| Profit (loss) for the period | 9904 | €119,246 | €135,736 | +€16,490 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €119,246 | €135,736 | +€16,490 | +13.8% |
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 9 October 2026 via checked.be.