Devray: 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.
Devray
Largest movements
- Cash +€166,295
up €166,295 (+84.5%), from €196,831 to €363,126
mainly Receivables within one year (+€93,750) and Depreciation (+€69,398)
- Receivables within one year -€93,750
down €93,750 (-31.7%), from €296,068 to €202,317
of which Trade receivables: -€111,134
- Tangible fixed assets -€69,398
down €69,398 (-20.1%), from €344,890 to €275,493
- Debts after one year -€54,978
down €54,978 (-40.6%), from €135,271 to €80,293
- Profit (loss) carried forward +€28,516
up €28,516 (+15.9%), from €179,601 to €208,117
- Trade debts +€23,814
up €23,814 (+21.1%), from €112,911 to €136,725
- Tax, wage and social debts +€11,154
up €11,154 (+43.5%), from €25,632 to €36,786
of which Remuneration and social security: +€11,154
- Gross operating margin -€28,515
down €28,515 (-4.8%), from €595,788 to €567,273
- Staff costs +€21,383
up €21,383 (+4.9%), from €435,254 to €456,637
- Depreciation -€20,221
down €20,221 (-22.6%), from €89,619 to €69,398
- Taxes -€9,519
down €9,519 (-47.1%), from €20,190 to €10,671
- Financial charges -€6,984
down €6,984 (-62.4%), from €11,188 to €4,204
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 | €887,423 | €894,154 | +€6,731 | +0.8% |
| Fixed assets | 21/28 | €350,095 | €280,698 | -€69,398 | -19.8% |
| Tangible fixed assets | 22/27 | €344,890 | €275,493 | -€69,398 | -20.1% |
| Plant, machinery and equipment | 23 | €344,890 | €275,493 | -€69,398 | -20.1% |
| Financial fixed assets | 28 | €5,205 | €5,205 | = | 0.0% |
| Current assets | 29/58 | €537,328 | €613,456 | +€76,129 | +14.2% |
| Stocks and contracts in progress | 3 | €40,738 | €45,109 | +€4,371 | +10.7% |
| Stocks | 30/36 | €40,738 | €45,109 | +€4,371 | +10.7% |
| Amounts receivable within one year | 40/41 | €296,068 | €202,317 | -€93,750 | -31.7% |
| Trade receivables | 40 | €288,728 | €177,594 | -€111,134 | -38.5% |
| Other amounts receivable | 41 | €7,340 | €24,723 | +€17,383 | +236.8% |
| Cash at bank and in hand | 54/58 | €196,831 | €363,126 | +€166,295 | +84.5% |
| Deferred charges and accrued income | 490/1 | €3,691 | €2,904 | -€787 | -21.3% |
| Total equity and liabilities | 10/49 | €887,423 | €894,154 | +€6,731 | +0.8% |
| Equity | 10/15 | €556,790 | €585,306 | +€28,516 | +5.1% |
| Contributions | 10/11 | €19,403 | €19,403 | = | 0.0% |
| Reserves | 13 | €357,786 | €357,786 | = | 0.0% |
| Distributable reserves | 133 | €357,786 | €357,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,601 | €208,117 | +€28,516 | +15.9% |
| Amounts payable | 17/49 | €330,633 | €308,847 | -€21,785 | -6.6% |
| Amounts payable after more than one year | 17 | €135,271 | €80,293 | -€54,978 | -40.6% |
| Financial debts | 170/4 | €135,271 | €80,293 | -€54,978 | -40.6% |
| Amounts payable within one year | 42/48 | €195,362 | €228,554 | +€33,192 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €56,754 | €54,978 | -€1,776 | -3.1% |
| Trade debts | 44 | €112,911 | €136,725 | +€23,814 | +21.1% |
| Suppliers | 440/4 | €112,911 | €136,725 | +€23,814 | +21.1% |
| Taxes, remuneration and social security | 45 | €25,632 | €36,786 | +€11,154 | +43.5% |
| Taxes | 450/3 | €263 | €263 | -€0 | 0.0% |
| Remuneration and social security | 454/9 | €25,369 | €36,523 | +€11,154 | +44.0% |
| Other amounts payable | 47/48 | €66 | €66 | = | 0.0% |
| Non-recurring operating income | 76A | €61 | €3,227 | +€3,167 | +5234.3% |
| Remuneration, social security and pensions | 62 | €435,254 | €456,637 | +€21,383 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,619 | €69,398 | -€20,221 | -22.6% |
| Other operating charges | 640/8 | €327 | - | -€327 | |
| Non-recurring operating charges | 66A | €563 | - | -€563 | |
| Gross operating margin | 9900 | €595,788 | €567,273 | -€28,515 | -4.8% |
| Operating profit (loss) | 9901 | €70,025 | €41,238 | -€28,787 | -41.1% |
| Financial income | 75/76B | €974 | €2,154 | +€1,180 | +121.2% |
| Recurring financial income | 75 | €974 | €2,154 | +€1,180 | +121.2% |
| Financial charges | 65/66B | €11,188 | €4,204 | -€6,984 | -62.4% |
| Recurring financial charges | 65 | €11,188 | €4,204 | -€6,984 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €59,810 | €39,187 | -€20,623 | -34.5% |
| Income taxes | 67/77 | €20,190 | €10,671 | -€9,519 | -47.1% |
| Profit (loss) for the period | 9904 | €39,620 | €28,516 | -€11,104 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,620 | €28,516 | -€11,104 | -28.0% |
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 8 October 2026 via checked.be.