Devray, Walther et enfants: what changed
Devray, Walther et enfants
Largest movements
- Cash +€9,610
up €9,610 (+8.4%), from €113,985 to €123,595
mainly Net result for the year (+€11,870) and Depreciation (+€6,191)
- Tangible fixed assets -€6,191
down €6,191 (-13.4%), from €46,210 to €40,019
- Receivables within one year -€3,613
down €3,613 (-49.6%), from €7,290 to €3,677
of which Other amounts receivable: -€2,203
- Profit (loss) carried forward +€11,870
up €11,870 (+25.4%), from €46,738 to €58,609
- Trade debts -€6,040
down €6,040 (-95.1%), from €6,353 to €312
- Other debts -€5,446
no longer reported in 2025 (was €5,446)
- Other operating charges -€8,522
down €8,522 (-46.3%), from €18,424 to €9,902
- Gross operating margin +€631
up €631 (+2.2%), from €29,326 to €29,957
- Financial income +€507
up €507 (+31.6%), from €1,607 to €2,114
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,485 | €167,882 | +€397 | +0.2% |
| Fixed assets | 21/28 | €46,210 | €40,019 | -€6,191 | -13.4% |
| Tangible fixed assets | 22/27 | €46,210 | €40,019 | -€6,191 | -13.4% |
| Plant, machinery and equipment | 23 | €46,210 | €40,019 | -€6,191 | -13.4% |
| Current assets | 29/58 | €121,275 | €127,864 | +€6,589 | +5.4% |
| Amounts receivable within one year | 40/41 | €7,290 | €3,677 | -€3,613 | -49.6% |
| Trade receivables | 40 | €1,410 | - | -€1,410 | |
| Other amounts receivable | 41 | €5,881 | €3,677 | -€2,203 | -37.5% |
| Cash at bank and in hand | 54/58 | €113,985 | €123,595 | +€9,610 | +8.4% |
| Deferred charges and accrued income | 490/1 | - | €592 | +€592 | |
| Total equity and liabilities | 10/49 | €167,485 | €167,882 | +€397 | +0.2% |
| Equity | 10/15 | €155,542 | €167,412 | +€11,870 | +7.6% |
| Contributions | 10/11 | €5,597 | €5,597 | = | 0.0% |
| Reserves | 13 | €103,207 | €103,207 | = | 0.0% |
| Distributable reserves | 133 | €103,207 | €103,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,738 | €58,609 | +€11,870 | +25.4% |
| Amounts payable | 17/49 | €11,943 | €470 | -€11,473 | -96.1% |
| Amounts payable within one year | 42/48 | €11,943 | €470 | -€11,473 | -96.1% |
| Trade debts | 44 | €6,353 | €312 | -€6,040 | -95.1% |
| Suppliers | 440/4 | €6,353 | €312 | -€6,040 | -95.1% |
| Taxes, remuneration and social security | 45 | €145 | €158 | +€13 | +8.9% |
| Taxes | 450/3 | €145 | €158 | +€13 | +8.9% |
| Other amounts payable | 47/48 | €5,446 | - | -€5,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,392 | €6,191 | -€200 | -3.1% |
| Other operating charges | 640/8 | €18,424 | €9,902 | -€8,522 | -46.3% |
| Gross operating margin | 9900 | €29,326 | €29,957 | +€631 | +2.2% |
| Operating profit (loss) | 9901 | €4,510 | €13,863 | +€9,353 | +207% |
| Financial income | 75/76B | €1,607 | €2,114 | +€507 | +31.6% |
| Recurring financial income | 75 | €1,607 | €2,114 | +€507 | +31.6% |
| Financial charges | 65/66B | €165 | €150 | -€15 | -9.1% |
| Recurring financial charges | 65 | €165 | €150 | -€15 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €5,952 | €15,827 | +€9,875 | +166% |
| Income taxes | 67/77 | €3,666 | €3,957 | +€291 | +7.9% |
| Profit (loss) for the period | 9904 | €2,286 | €11,870 | +€9,584 | +419% |
| Profit (loss) for the period to be appropriated | 9905 | €2,286 | €11,870 | +€9,584 | +419% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.