DEVOS PLAATBEWERKINGEN: what changed
Two fiscal 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 PLAATBEWERKINGEN
NACE 25.401, Forging of metal
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €2.3m-€973,533
Equity
€12.2m
2024 · €14.2m-€1.9m
Cash
€3.2m
2024 · €2.5m+€704,327
Balance sheet total
€14.1m
2024 · €15.7m-€1.6m
Largest movements
Assets
- Receivables within one year -€2.9m
down €2.9m (-44.5%), from €6.5m to €3.6m
of which Other amounts receivable: -€2.0m
- Cash +€704,327
up €704,327 (+28.7%), from €2.5m to €3.2m
mainly Receivables within one year (+€2.9m) and Net result for the year (+€1.4m)
- Stocks and contracts +€489,870
up €489,870 (+16.6%), from €3.0m to €3.4m
Equity and liabilities
- Profit (loss) carried forward -€1.3m
down €1.3m (-11.7%), from €11.3m to €10.0m
- Reserves -€622,971
down €622,971 (-26.2%), from €2.4m to €1.8m
of which Tax-exempt reserves: -€623,080
- Other debts +€304,907
up €304,907 (+53.0%), from €575,000 to €879,907
- Tax, wage and social debts +€182,342
up €182,342 (+35.6%), from €512,722 to €695,064
of which Remuneration and social security: +€237,002
Income statement
- Turnover -€669,787
down €669,787 (-4.1%), from €16.4m to €15.7m
- Services and other goods +€344,007
up €344,007 (+13.9%), from €2.5m to €2.8m
- Taxes -€266,708
down €266,708 (-46.8%), from €570,177 to €303,470
of which Taxes: -€255,949
- Depreciation +€207,383
up €207,383 (+41.2%), from €503,232 to €710,615
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
€2.3m
Turnover
-€669,787
Other operating income
-€39,137
Goods and materials
+€115,434
Services and other goods
-€344,007
Staff costs
-€44,022
Depreciation
-€207,383
Write-downs
+€19,817
Other operating charges
-€7,055
Other operating items
+€43,470
Financial income
-€53,701
Financial charges
-€53,868
Taxes
+€266,708
Result 2025
€1.4m
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.
From operations
+€4.8m
Investment
-€843,497
Financing
-€3.3m
Cash 2024
€2.5m
From operations (derived)
+€4.8m
Net result for the year
+€1.4m
Depreciation
+€710,615
Stocks and contracts
-€489,870
Receivables within one year
+€2.9m
Deferred charges and accrued income
+€1,656
Trade debts
-€13,295
Tax, wage and social debts
+€182,342
Other debts
+€304,907
Accrued charges and deferred income
-€115,075
Investment (derived)
-€843,497
Investment in fixed assets (net)
-€718,593
Current investments
-€124,904
Financing
-€3.3m
Debts after one year
+€19,520
Current portion of long-term debt
+€10,570
Contributions, distributions and other
-€3.3m
Cash 2025
€3.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,691,147 | €14,136,298 | -€1.6m | -9.9% |
| Fixed assets | 21/28 | €2,291,899 | €2,299,877 | +€7,979 | +0.3% |
| Tangible fixed assets | 22/27 | €2,291,772 | €2,299,877 | +€8,105 | +0.4% |
| Plant, machinery and equipment | 23 | €1,971,990 | €1,995,786 | +€23,796 | +1.2% |
| Furniture and vehicles | 24 | €260,264 | €169,647 | -€90,618 | -34.8% |
| Leasing and similar rights | 25 | - | €28,263 | +€28,263 | |
| Other tangible fixed assets | 26 | €59,518 | €56,345 | -€3,173 | -5.3% |
| Assets under construction and advance payments | 27 | €0 | €49,836 | +€49,836 | |
| Financial fixed assets | 28 | €126 | €0 | -€126 | -100.0% |
| Other financial fixed assets | 284/8 | €126 | €0 | -€126 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €126 | €0 | -€126 | -100.0% |
| Current assets | 29/58 | €13,399,248 | €11,836,420 | -€1.6m | -11.7% |
| Stocks and contracts in progress | 3 | €2,955,450 | €3,445,320 | +€489,870 | +16.6% |
| Stocks | 30/36 | €2,955,450 | €3,445,320 | +€489,870 | +16.6% |
| Raw materials and consumables | 30/31 | €2,650,878 | €2,887,547 | +€236,669 | +8.9% |
| Work in progress | 32 | €5,000 | €12,475 | +€7,475 | +149.5% |
| Finished goods | 33 | €176,690 | €157,127 | -€19,563 | -11.1% |
| Goods purchased for resale | 34 | €122,883 | €388,171 | +€265,288 | +215.9% |
| Amounts receivable within one year | 40/41 | €6,476,063 | €3,595,791 | -€2.9m | -44.5% |
| Trade receivables | 40 | €4,196,576 | €3,352,628 | -€843,948 | -20.1% |
| Other amounts receivable | 41 | €2,279,486 | €243,162 | -€2.0m | -89.3% |
| Current investments | 50/53 | €1,506,250 | €1,631,154 | +€124,904 | +8.3% |
| Other investments | 51/53 | €1,506,250 | €1,631,154 | +€124,904 | +8.3% |
| Cash at bank and in hand | 54/58 | €2,452,182 | €3,156,508 | +€704,327 | +28.7% |
| Deferred charges and accrued income | 490/1 | €9,304 | €7,648 | -€1,656 | -17.8% |
| Total equity and liabilities | 10/49 | €15,691,147 | €14,136,298 | -€1.6m | -9.9% |
| Equity | 10/15 | €14,158,297 | €12,214,478 | -€1.9m | -13.7% |
| Contributions | 10/11 | €444,531 | €445,619 | +€1,088 | +0.2% |
| Capital | 10 | €444,531 | €445,619 | +€1,088 | +0.2% |
| Issued capital | 100 | €444,531 | €445,619 | +€1,088 | +0.2% |
| Reserves | 13 | €2,376,623 | €1,753,652 | -€622,971 | -26.2% |
| Non-distributable reserves | 130/1 | €44,453 | €44,562 | +€109 | +0.2% |
| Legal reserve | 130 | €44,453 | €44,562 | +€109 | +0.2% |
| Tax-exempt reserves | 132 | €2,332,170 | €1,709,090 | -€623,080 | -26.7% |
| Profit (loss) carried forward | 14 | €11,337,144 | €10,015,207 | -€1.3m | -11.7% |
| Amounts payable | 17/49 | €1,532,849 | €1,921,820 | +€388,971 | +25.4% |
| Amounts payable after more than one year | 17 | - | €19,520 | +€19,520 | |
| Financial debts | 170/4 | - | €19,520 | +€19,520 | |
| Leasing and similar obligations | 172 | - | €19,520 | +€19,520 | |
| Amounts payable within one year | 42/48 | €1,343,593 | €1,828,117 | +€484,525 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | - | €10,570 | +€10,570 | |
| Trade debts | 44 | €255,871 | €242,576 | -€13,295 | -5.2% |
| Suppliers | 440/4 | €255,871 | €242,576 | -€13,295 | -5.2% |
| Taxes, remuneration and social security | 45 | €512,722 | €695,064 | +€182,342 | +35.6% |
| Taxes | 450/3 | €276,404 | €221,745 | -€54,660 | -19.8% |
| Remuneration and social security | 454/9 | €236,317 | €473,319 | +€237,002 | +100.3% |
| Other amounts payable | 47/48 | €575,000 | €879,907 | +€304,907 | +53.0% |
| Accrued charges and deferred income | 492/3 | €189,257 | €74,182 | -€115,075 | -60.8% |
| Operating income | 70/76A | €17,635,136 | €16,969,682 | -€665,454 | -3.8% |
| Turnover | 70 | €16,395,479 | €15,725,691 | -€669,787 | -4.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€36,201 | -€12,088 | +€24,114 | +66.6% |
| Other operating income | 74 | €1,275,859 | €1,236,722 | -€39,137 | -3.1% |
| Non-recurring operating income | 76A | €0 | €19,357 | +€19,357 | |
| Operating charges | 60/66A | €14,959,628 | €15,426,844 | +€467,217 | +3.1% |
| Goods for resale, raw materials and consumables | 60 | €8,446,621 | €8,331,187 | -€115,434 | -1.4% |
| Purchases | 600/8 | €8,866,690 | €8,744,801 | -€121,889 | -1.4% |
| Change in stocks: decrease (increase) | 609 | -€420,069 | -€413,614 | +€6,456 | +1.5% |
| Services and other goods | 61 | €2,475,405 | €2,819,412 | +€344,007 | +13.9% |
| Remuneration, social security and pensions | 62 | €3,470,823 | €3,514,845 | +€44,022 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503,232 | €710,615 | +€207,383 | +41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,137 | €4,320 | -€19,817 | -82.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €39,410 | €46,466 | +€7,055 | +17.9% |
| Operating profit (loss) | 9901 | €2,675,509 | €1,542,838 | -€1.1m | -42.3% |
| Financial income | 75/76B | €222,844 | €169,143 | -€53,701 | -24.1% |
| Recurring financial income | 75 | €222,844 | €169,143 | -€53,701 | -24.1% |
| Income from current assets | 751 | €68,738 | €30,919 | -€37,819 | -55.0% |
| Other financial income | 752/9 | €154,106 | €138,224 | -€15,882 | -10.3% |
| Financial charges | 65/66B | -€10,018 | €43,850 | +€53,868 | |
| Recurring financial charges | 65 | -€10,018 | €43,850 | +€53,868 | |
| Debt charges | 650 | €230 | €3,154 | +€2,923 | +1269.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€52,607 | €0 | +€52,607 | |
| Other financial charges | 652/9 | €42,358 | €40,697 | -€1,662 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €2,908,371 | €1,668,131 | -€1.2m | -42.6% |
| Income taxes | 67/77 | €570,177 | €303,470 | -€266,708 | -46.8% |
| Taxes | 670/3 | €570,177 | €314,229 | -€255,949 | -44.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €10,759 | +€10,759 | |
| Profit (loss) for the period | 9904 | €2,338,194 | €1,364,661 | -€973,533 | -41.6% |
| Transfer from tax-exempt reserves | 789 | €0 | €623,080 | +€623,080 | |
| Transfer to tax-exempt reserves | 689 | €842,000 | €0 | -€842,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,496,194 | €1,987,741 | +€491,547 | +32.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.