DEVREESE MARC: 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.
DEVREESE MARC
Largest movements
- Tangible fixed assets +€29,400
up €29,400 (+189.8%), from €15,487 to €44,887
of which Furniture and vehicles: +€31,303
- Cash +€13,448
up €13,448 (+384.6%), from €3,497 to €16,945
mainly Debts after one year (+€21,855) and Receivables within one year (+€11,130)
- Receivables within one year -€11,130
down €11,130 (-35.5%), from €31,380 to €20,250
of which Trade receivables: -€12,043
- Stocks and contracts -€957
down €957 (-18.0%), from €5,317 to €4,360
- Debts after one year +€21,855
new in 2025: €21,855
- Current portion of long-term debt +€5,281
new in 2025: €5,281
- Trade debts +€4,815
up €4,815 (+30.5%), from €15,775 to €20,590
- Other debts -€2,240
down €2,240 (-52.0%), from €4,305 to €2,064
- Profit (loss) carried forward +€2,147
up €2,147, from -€2,147 to €0
- Gross operating margin +€9,000
up €9,000 (+108.6%), from €8,283 to €17,283
- Write-downs +€7,938
up €7,938, from -€7,938 to €0
- Depreciation +€2,053
up €2,053 (+31.5%), from €6,519 to €8,572
- Financial income -€1,345
down €1,345 (-68.2%), from €1,974 to €628
- Financial charges -€316
down €316 (-21.2%), from €1,493 to €1,177
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 | €57,927 | €89,121 | +€31,194 | +53.9% |
| Fixed assets | 21/28 | €15,612 | €45,012 | +€29,400 | +188.3% |
| Tangible fixed assets | 22/27 | €15,487 | €44,887 | +€29,400 | +189.8% |
| Plant, machinery and equipment | 23 | €3,842 | €2,104 | -€1,738 | -45.2% |
| Furniture and vehicles | 24 | €10,951 | €42,253 | +€31,303 | +285.9% |
| Other tangible fixed assets | 26 | €694 | €530 | -€165 | -23.7% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €42,315 | €44,109 | +€1,794 | +4.2% |
| Stocks and contracts in progress | 3 | €5,317 | €4,360 | -€957 | -18.0% |
| Stocks | 30/36 | €5,317 | €4,360 | -€957 | -18.0% |
| Amounts receivable within one year | 40/41 | €31,380 | €20,250 | -€11,130 | -35.5% |
| Trade receivables | 40 | €26,649 | €14,606 | -€12,043 | -45.2% |
| Other amounts receivable | 41 | €4,731 | €5,645 | +€913 | +19.3% |
| Cash at bank and in hand | 54/58 | €3,497 | €16,945 | +€13,448 | +384.6% |
| Deferred charges and accrued income | 490/1 | €2,121 | €2,554 | +€433 | +20.4% |
| Total equity and liabilities | 10/49 | €57,927 | €89,121 | +€31,194 | +53.9% |
| Equity | 10/15 | €33,371 | €36,042 | +€2,671 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,318 | €29,842 | +€524 | +1.8% |
| Distributable reserves | 133 | €29,318 | €29,842 | +€524 | +1.8% |
| Profit (loss) carried forward | 14 | -€2,147 | €0 | +€2,147 | |
| Amounts payable | 17/49 | €24,556 | €53,079 | +€28,524 | +116.2% |
| Amounts payable after more than one year | 17 | - | €21,855 | +€21,855 | |
| Financial debts | 170/4 | - | €21,855 | +€21,855 | |
| Amounts payable within one year | 42/48 | €24,556 | €31,096 | +€6,541 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,281 | +€5,281 | |
| Financial debts | 43 | €1,168 | €0 | -€1,168 | -100.0% |
| Credit institutions | 430/8 | €1,168 | €0 | -€1,168 | -100.0% |
| Trade debts | 44 | €15,775 | €20,590 | +€4,815 | +30.5% |
| Suppliers | 440/4 | €15,775 | €20,590 | +€4,815 | +30.5% |
| Taxes, remuneration and social security | 45 | €3,307 | €3,161 | -€147 | -4.4% |
| Taxes | 450/3 | €2,057 | €3,161 | +€1,103 | +53.6% |
| Remuneration and social security | 454/9 | €1,250 | €0 | -€1,250 | -100.0% |
| Other amounts payable | 47/48 | €4,305 | €2,064 | -€2,240 | -52.0% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,519 | €8,572 | +€2,053 | +31.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,938 | €0 | +€7,938 | |
| Other operating charges | 640/8 | €1,509 | €1,626 | +€117 | +7.7% |
| Gross operating margin | 9900 | €8,283 | €17,283 | +€9,000 | +108.6% |
| Operating profit (loss) | 9901 | €8,193 | €7,085 | -€1,108 | -13.5% |
| Financial income | 75/76B | €1,974 | €628 | -€1,345 | -68.2% |
| Recurring financial income | 75 | €1,974 | €628 | -€1,345 | -68.2% |
| Financial charges | 65/66B | €1,493 | €1,177 | -€316 | -21.2% |
| Recurring financial charges | 65 | €1,493 | €1,177 | -€316 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €8,674 | €6,536 | -€2,137 | -24.6% |
| Income taxes | 67/77 | €2,178 | €2,200 | +€22 | +1.0% |
| Profit (loss) for the period | 9904 | €6,496 | €4,337 | -€2,160 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,496 | €4,337 | -€2,160 | -33.2% |
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 12 October 2026 via checked.be.