DEVOS RUBEN FINECRAFTED WOODWORK: 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 RUBEN FINECRAFTED WOODWORK
Largest movements
- Tangible fixed assets -€35,032
down €35,032 (-6.4%), from €544,204 to €509,172
of which Land and buildings: -€19,356
- Cash +€16,631
up €16,631 (+25.6%), from €64,926 to €81,556
mainly Depreciation (+€47,908) and Net result for the year (+€18,244)
- Receivables within one year -€9,123
down €9,123 (-25.3%), from €36,032 to €26,908
of which Trade receivables: -€6,376
- Trade debts -€29,415
no longer reported in 2025 (was €29,415)
- Debts after one year -€29,316
down €29,316 (-8.1%), from €361,133 to €331,817
- Reserves +€18,244
up €18,244 (+11.7%), from €155,451 to €173,695
- Depreciation +€8,853
up €8,853 (+22.7%), from €39,055 to €47,908
- Gross operating margin -€8,121
down €8,121 (-8.2%), from €99,146 to €91,025
- Taxes -€1,692
down €1,692 (-27.2%), from €6,226 to €4,533
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 | €693,322 | €661,627 | -€31,694 | -4.6% |
| Fixed assets | 21/28 | €546,404 | €511,122 | -€35,282 | -6.5% |
| Tangible fixed assets | 22/27 | €544,204 | €509,172 | -€35,032 | -6.4% |
| Land and buildings | 22 | €429,331 | €409,975 | -€19,356 | -4.5% |
| Plant, machinery and equipment | 23 | €93,825 | €83,796 | -€10,029 | -10.7% |
| Furniture and vehicles | 24 | €10,032 | €5,984 | -€4,047 | -40.3% |
| Other tangible fixed assets | 26 | €11,016 | €9,417 | -€1,599 | -14.5% |
| Financial fixed assets | 28 | €2,200 | €1,950 | -€250 | -11.4% |
| Current assets | 29/58 | €146,918 | €150,505 | +€3,588 | +2.4% |
| Stocks and contracts in progress | 3 | €45,660 | €41,800 | -€3,860 | -8.5% |
| Stocks | 30/36 | €28,620 | €37,800 | +€9,180 | +32.1% |
| Contracts in progress | 37 | €17,040 | €4,000 | -€13,040 | -76.5% |
| Amounts receivable within one year | 40/41 | €36,032 | €26,908 | -€9,123 | -25.3% |
| Trade receivables | 40 | €21,817 | €15,441 | -€6,376 | -29.2% |
| Other amounts receivable | 41 | €14,214 | €11,467 | -€2,747 | -19.3% |
| Cash at bank and in hand | 54/58 | €64,926 | €81,556 | +€16,631 | +25.6% |
| Deferred charges and accrued income | 490/1 | €301 | €240 | -€60 | -20.0% |
| Total equity and liabilities | 10/49 | €693,322 | €661,627 | -€31,694 | -4.6% |
| Equity | 10/15 | €165,451 | €183,695 | +€18,244 | +11.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €155,451 | €173,695 | +€18,244 | +11.7% |
| Distributable reserves | 133 | €155,451 | €173,695 | +€18,244 | +11.7% |
| Amounts payable | 17/49 | €527,871 | €477,932 | -€49,939 | -9.5% |
| Amounts payable after more than one year | 17 | €361,133 | €331,817 | -€29,316 | -8.1% |
| Financial debts | 170/4 | €361,133 | €331,817 | -€29,316 | -8.1% |
| Amounts payable within one year | 42/48 | €164,971 | €144,349 | -€20,622 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €28,419 | €29,316 | +€898 | +3.2% |
| Trade debts | 44 | €29,415 | - | -€29,415 | |
| Suppliers | 440/4 | €29,415 | - | -€29,415 | |
| Taxes, remuneration and social security | 45 | €4,586 | €7,399 | +€2,813 | +61.3% |
| Taxes | 450/3 | €4,586 | €7,399 | +€2,813 | +61.3% |
| Other amounts payable | 47/48 | €102,551 | €107,634 | +€5,082 | +5.0% |
| Accrued charges and deferred income | 492/3 | €1,766 | €1,766 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €546 | €681 | +€135 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,055 | €47,908 | +€8,853 | +22.7% |
| Other operating charges | 640/8 | €1,048 | €1,309 | +€260 | +24.8% |
| Gross operating margin | 9900 | €99,146 | €91,025 | -€8,121 | -8.2% |
| Operating profit (loss) | 9901 | €58,497 | €41,128 | -€17,369 | -29.7% |
| Financial income | 75/76B | €127 | €468 | +€341 | +269% |
| Recurring financial income | 75 | €127 | €468 | +€341 | +269% |
| Financial charges | 65/66B | €18,965 | €18,818 | -€147 | -0.8% |
| Recurring financial charges | 65 | €18,965 | €18,818 | -€147 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €39,659 | €22,778 | -€16,882 | -42.6% |
| Income taxes | 67/77 | €6,226 | €4,533 | -€1,692 | -27.2% |
| Profit (loss) for the period | 9904 | €33,434 | €18,244 | -€15,189 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,434 | €18,244 | -€15,189 | -45.4% |
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 27 October 2026 via checked.be.