Devos-Plastics: 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-Plastics
NACE 22.220, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€298,125
2024 · €144,275+€153,850
Equity
€4.7m
2024 · €4.5m+€286,902
Cash
€393,540
2024 · €15,941+€377,598
Balance sheet total
€10.0m
2024 · €9.3m+€654,716
Largest movements
Assets
- Receivables within one year +€477,825
up €477,825 (+45.8%), from €1.0m to €1.5m
of which Trade receivables: +€446,696
- Tangible fixed assets -€471,211
down €471,211 (-7.2%), from €6.5m to €6.0m
of which Leasing and similar rights: -€3.0m
- Cash +€377,598
up €377,598 (+2368.7%), from €15,941 to €393,540
mainly Depreciation (+€803,243) and Other debts (+€350,666)
- Stocks and contracts +€275,368
up €275,368 (+16.0%), from €1.7m to €2.0m
Equity and liabilities
- Debts after one year -€465,539
down €465,539 (-21.4%), from €2.2m to €1.7m
- Other debts +€350,666
up €350,666 (+186.0%), from €188,482 to €539,148
- Reserves +€298,125
up €298,125 (+6.8%), from €4.4m to €4.7m
of which Distributable reserves: +€178,875
- Short-term financial debts +€250,000
new in 2025: €250,000
- Trade debts +€182,029
up €182,029 (+23.7%), from €767,796 to €949,825
Income statement
- Goods and materials -€601,361
down €601,361 (-10.6%), from €5.7m to €5.1m
of which Change in stocks: decrease (increase): -€314,233
- Services and other goods +€155,731
up €155,731 (+6.1%), from €2.5m to €2.7m
- Staff costs +€114,193
up €114,193 (+6.7%), from €1.7m to €1.8m
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
€144,275
Turnover
-€14,425
Other operating income
-€37,471
Goods and materials
+€601,361
Services and other goods
-€155,731
Staff costs
-€114,193
Depreciation
+€42,219
Provisions
-€65,750
Other operating charges
-€672
Other operating items
-€29,651
Financial income
+€1,793
Financial charges
-€742
Taxes
-€72,889
Result 2025
€298,125
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
+€995,455
Investment
-€329,153
Financing
-€288,704
Cash 2024
€15,941
From operations (derived)
+€995,455
Net result for the year
+€298,125
Depreciation
+€803,243
Stocks and contracts
-€275,368
Receivables within one year
-€477,825
Deferred charges and accrued income
+€1,985
Provisions
-€6,826
Trade debts
+€182,029
Tax, wage and social debts
+€55,471
Other debts
+€350,666
Accrued charges and deferred income
+€63,956
Investment (derived)
-€329,153
Investment in fixed assets (net)
-€329,153
Financing
-€288,704
Debts after one year
-€465,539
Current portion of long-term debt
-€61,942
Short-term financial debts
+€250,000
Contributions, distributions and other
-€11,223
Cash 2025
€393,540
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,347,945 | €10,002,661 | +€654,716 | +7.0% |
| Fixed assets | 21/28 | €6,539,185 | €6,065,094 | -€474,090 | -7.2% |
| Intangible fixed assets | 21 | €5,025 | €2,146 | -€2,879 | -57.3% |
| Tangible fixed assets | 22/27 | €6,519,160 | €6,047,949 | -€471,211 | -7.2% |
| Land and buildings | 22 | €579,689 | €498,520 | -€81,169 | -14.0% |
| Plant, machinery and equipment | 23 | €2,634,736 | €2,348,365 | -€286,371 | -10.9% |
| Furniture and vehicles | 24 | €233,025 | €152,869 | -€80,156 | -34.4% |
| Leasing and similar rights | 25 | €3,015,000 | - | -€3.0m | |
| Assets under construction and advance payments | 27 | €56,710 | €3,048,195 | +€3.0m | +5275.1% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €2,808,760 | €3,937,567 | +€1.1m | +40.2% |
| Stocks and contracts in progress | 3 | €1,722,138 | €1,997,506 | +€275,368 | +16.0% |
| Stocks | 30/36 | €1,722,138 | €1,997,506 | +€275,368 | +16.0% |
| Raw materials and consumables | 30/31 | €1,287,307 | €1,351,992 | +€64,685 | +5.0% |
| Work in progress | 32 | €258,711 | €325,826 | +€67,116 | +25.9% |
| Finished goods | 33 | €176,120 | €319,688 | +€143,568 | +81.5% |
| Amounts receivable within one year | 40/41 | €1,043,122 | €1,520,946 | +€477,825 | +45.8% |
| Trade receivables | 40 | €855,162 | €1,301,858 | +€446,696 | +52.2% |
| Other amounts receivable | 41 | €187,960 | €219,089 | +€31,129 | +16.6% |
| Cash at bank and in hand | 54/58 | €15,941 | €393,540 | +€377,598 | +2368.7% |
| Deferred charges and accrued income | 490/1 | €27,560 | €25,575 | -€1,985 | -7.2% |
| Total equity and liabilities | 10/49 | €9,347,945 | €10,002,661 | +€654,716 | +7.0% |
| Equity | 10/15 | €4,462,618 | €4,749,520 | +€286,902 | +6.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,370,972 | €4,669,097 | +€298,125 | +6.8% |
| Non-distributable reserves | 130/1 | €2,975,600 | €3,094,850 | +€119,250 | +4.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,969,400 | €3,088,650 | +€119,250 | +4.0% |
| Tax-exempt reserves | 132 | €9,633 | €9,633 | = | 0.0% |
| Distributable reserves | 133 | €1,385,739 | €1,564,614 | +€178,875 | +12.9% |
| Investment grants | 15 | €29,646 | €18,423 | -€11,223 | -37.9% |
| Provisions and deferred taxes | 16 | €617,424 | €610,597 | -€6,826 | -1.1% |
| Provisions for liabilities and charges | 160/5 | €617,424 | €610,597 | -€6,826 | -1.1% |
| Major repairs and maintenance | 162 | €217,424 | €210,597 | -€6,826 | -3.1% |
| Other liabilities and charges | 164/5 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable | 17/49 | €4,267,903 | €4,642,544 | +€374,641 | +8.8% |
| Amounts payable after more than one year | 17 | €2,177,589 | €1,712,050 | -€465,539 | -21.4% |
| Financial debts | 170/4 | €2,177,589 | €1,712,050 | -€465,539 | -21.4% |
| Leasing and similar obligations | 172 | €2,177,589 | €1,712,050 | -€465,539 | -21.4% |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,769,626 | €2,545,849 | +€776,224 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €527,481 | €465,539 | -€61,942 | -11.7% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €767,796 | €949,825 | +€182,029 | +23.7% |
| Suppliers | 440/4 | €767,796 | €949,825 | +€182,029 | +23.7% |
| Taxes, remuneration and social security | 45 | €285,867 | €341,339 | +€55,471 | +19.4% |
| Taxes | 450/3 | €40,056 | €64,420 | +€24,364 | +60.8% |
| Remuneration and social security | 454/9 | €245,812 | €276,919 | +€31,107 | +12.7% |
| Other amounts payable | 47/48 | €188,482 | €539,148 | +€350,666 | +186.0% |
| Accrued charges and deferred income | 492/3 | €320,688 | €384,644 | +€63,956 | +19.9% |
| Operating income | 70/76A | €10,931,831 | €10,850,285 | -€81,546 | -0.7% |
| Turnover | 70 | €10,512,334 | €10,497,909 | -€14,425 | -0.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €242,066 | €210,683 | -€31,383 | -13.0% |
| Other operating income | 74 | €172,185 | €134,714 | -€37,471 | -21.8% |
| Non-recurring operating income | 76A | €5,246 | €6,978 | +€1,732 | +33.0% |
| Operating charges | 60/66A | €10,689,894 | €10,382,660 | -€307,234 | -2.9% |
| Goods for resale, raw materials and consumables | 60 | €5,677,522 | €5,076,161 | -€601,361 | -10.6% |
| Purchases | 600/8 | €5,427,974 | €5,140,846 | -€287,128 | -5.3% |
| Change in stocks: decrease (increase) | 609 | €249,549 | -€64,685 | -€314,233 | |
| Services and other goods | 61 | €2,535,278 | €2,691,008 | +€155,731 | +6.1% |
| Remuneration, social security and pensions | 62 | €1,695,314 | €1,809,507 | +€114,193 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €845,462 | €803,243 | -€42,219 | -5.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€72,576 | -€6,826 | +€65,750 | +90.6% |
| Other operating charges | 640/8 | €8,894 | €9,567 | +€672 | +7.6% |
| Operating profit (loss) | 9901 | €241,937 | €467,624 | +€225,687 | +93.3% |
| Financial income | 75/76B | €36,057 | €37,850 | +€1,793 | +5.0% |
| Recurring financial income | 75 | €36,057 | €37,850 | +€1,793 | +5.0% |
| Income from current assets | 751 | €4 | €3 | -€1 | -22.7% |
| Other financial income | 752/9 | €36,053 | €37,847 | +€1,794 | +5.0% |
| Financial charges | 65/66B | €95,180 | €95,922 | +€742 | +0.8% |
| Recurring financial charges | 65 | €95,180 | €95,922 | +€742 | +0.8% |
| Debt charges | 650 | €94,075 | €84,663 | -€9,412 | -10.0% |
| Other financial charges | 652/9 | €1,106 | €11,259 | +€10,154 | +918.3% |
| Profit (loss) for the period before taxes | 9903 | €182,814 | €409,552 | +€226,738 | +124.0% |
| Income taxes | 67/77 | €38,539 | €111,428 | +€72,889 | +189.1% |
| Taxes | 670/3 | €47,144 | €111,428 | +€64,283 | +136.4% |
| Tax adjustments and reversals of tax provisions | 77 | €8,606 | €0 | -€8,606 | -100.0% |
| Profit (loss) for the period | 9904 | €144,275 | €298,125 | +€153,850 | +106.6% |
| Profit (loss) for the period to be appropriated | 9905 | €144,275 | €298,125 | +€153,850 | +106.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.