DEVOS MIKE: 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 MIKE
NACE 43.211, General electrical installation work
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€25,246
2025 · €3,794-€29,041
Equity
€117,371
2025 · €142,618-€25,246
Cash
€6,359
2025 · €10,068-€3,709
Balance sheet total
€565,649
2025 · €640,599-€74,949
Largest movements
Assets
- Receivables within one year -€73,085
down €73,085 (-33.4%), from €218,929 to €145,844
of which Trade receivables: -€63,601
- Stocks and contracts +€42,049
up €42,049 (+69.8%), from €60,218 to €102,267
- Tangible fixed assets -€41,479
down €41,479 (-12.2%), from €341,317 to €299,838
of which Furniture and vehicles: -€22,985
Equity and liabilities
- Debts after one year -€50,177
down €50,177 (-14.3%), from €351,552 to €301,374
of which Financial debts: -€37,940
- Profit (loss) carried forward -€25,246
new in 2026: -€25,246
Income statement
- Gross operating margin -€117,328
down €117,328 (-42.5%), from €276,068 to €158,740
- Staff costs -€104,978
down €104,978 (-45.8%), from €229,388 to €124,410
- Depreciation +€16,801
up €16,801 (+66.7%), from €25,193 to €41,994
From the 2025 result to the 2026 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 2025
€3,794
Gross operating margin
-€117,328
Staff costs
+€104,978
Depreciation
-€16,801
Other operating charges
+€570
Financial income
-€18
Financial charges
-€2,616
Taxes
+€2,175
Result 2026
-€25,246
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€49,200
Investment
€0
Financing
-€52,908
Cash 2025
€10,068
From operations (derived)
+€49,200
Net result for the year
-€25,246
Depreciation
+€41,994
Stocks and contracts
-€42,049
Receivables within one year
+€73,085
Deferred charges and accrued income
-€1,789
Trade debts
+€957
Tax, wage and social debts
+€2,269
Accrued charges and deferred income
-€21
Financing
-€52,908
Debts after one year
-€50,177
Current portion of long-term debt
-€2,731
Cash 2026
€6,359
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €640,599 | €565,649 | -€74,949 | -11.7% |
| Fixed assets | 21/28 | €342,900 | €300,906 | -€41,994 | -12.2% |
| Intangible fixed assets | 21 | €1,583 | €1,068 | -€515 | -32.5% |
| Tangible fixed assets | 22/27 | €341,317 | €299,838 | -€41,479 | -12.2% |
| Land and buildings | 22 | €255,061 | €240,345 | -€14,715 | -5.8% |
| Plant, machinery and equipment | 23 | €281 | €1 | -€279 | -99.5% |
| Furniture and vehicles | 24 | €69,501 | €46,516 | -€22,985 | -33.1% |
| Other tangible fixed assets | 26 | €16,474 | €12,975 | -€3,499 | -21.2% |
| Current assets | 29/58 | €297,699 | €264,743 | -€32,956 | -11.1% |
| Stocks and contracts in progress | 3 | €60,218 | €102,267 | +€42,049 | +69.8% |
| Stocks | 30/36 | €60,218 | €102,267 | +€42,049 | +69.8% |
| Amounts receivable within one year | 40/41 | €218,929 | €145,844 | -€73,085 | -33.4% |
| Trade receivables | 40 | €190,095 | €126,494 | -€63,601 | -33.5% |
| Other amounts receivable | 41 | €28,834 | €19,350 | -€9,484 | -32.9% |
| Cash at bank and in hand | 54/58 | €10,068 | €6,359 | -€3,709 | -36.8% |
| Deferred charges and accrued income | 490/1 | €8,484 | €10,273 | +€1,789 | +21.1% |
| Total equity and liabilities | 10/49 | €640,599 | €565,649 | -€74,949 | -11.7% |
| Equity | 10/15 | €142,618 | €117,371 | -€25,246 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,018 | €124,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €122,158 | €122,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,246 | -€25,246 | |
| Amounts payable | 17/49 | €497,981 | €448,278 | -€49,703 | -10.0% |
| Amounts payable after more than one year | 17 | €351,552 | €301,374 | -€50,177 | -14.3% |
| Financial debts | 170/4 | €281,436 | €243,496 | -€37,940 | -13.5% |
| Other amounts payable | 178/9 | €70,116 | €57,878 | -€12,238 | -17.5% |
| Amounts payable within one year | 42/48 | €146,156 | €146,651 | +€495 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €40,671 | €37,940 | -€2,731 | -6.7% |
| Trade debts | 44 | €87,199 | €88,156 | +€957 | +1.1% |
| Suppliers | 440/4 | €87,199 | €88,156 | +€957 | +1.1% |
| Taxes, remuneration and social security | 45 | €18,285 | €20,555 | +€2,269 | +12.4% |
| Taxes | 450/3 | €786 | - | -€786 | |
| Remuneration and social security | 454/9 | €17,499 | €20,555 | +€3,055 | +17.5% |
| Accrued charges and deferred income | 492/3 | €273 | €253 | -€21 | -7.5% |
| Non-recurring operating income | 76A | €1,888 | €1,571 | -€317 | -16.8% |
| Remuneration, social security and pensions | 62 | €229,388 | €124,410 | -€104,978 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,193 | €41,994 | +€16,801 | +66.7% |
| Other operating charges | 640/8 | €5,622 | €5,052 | -€570 | -10.1% |
| Gross operating margin | 9900 | €276,068 | €158,740 | -€117,328 | -42.5% |
| Operating profit (loss) | 9901 | €15,866 | -€12,715 | -€28,581 | |
| Financial income | 75/76B | €22 | €4 | -€18 | -82.9% |
| Recurring financial income | 75 | €22 | €4 | -€18 | -82.9% |
| Financial charges | 65/66B | €9,787 | €12,403 | +€2,616 | +26.7% |
| Recurring financial charges | 65 | €9,787 | €12,403 | +€2,616 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €6,101 | -€25,114 | -€31,216 | |
| Income taxes | 67/77 | €2,307 | €132 | -€2,175 | -94.3% |
| Profit (loss) for the period | 9904 | €3,794 | -€25,246 | -€29,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,794 | -€25,246 | -€29,041 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.