DEVRIENDT PRINTING: 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.
DEVRIENDT PRINTING
Largest movements
- Cash -€62,510
down €62,510 (-48.0%), from €130,261 to €67,752
mainly Short-term financial debts (-€75,000) and Debts after one year (-€60,554)
- Tangible fixed assets -€26,407
down €26,407 (-35.2%), from €75,041 to €48,633
of which Plant, machinery and equipment: -€20,931
- Receivables within one year -€6,340
down €6,340 (-3.1%), from €206,327 to €199,987
of which Trade receivables: -€35,222
- Other debts +€139,748
up €139,748 (+429%), from €32,584 to €172,332
- Short-term financial debts -€75,000
down €75,000 (-60.0%), from €125,000 to €50,000
- Debts after one year -€60,554
down €60,554 (-54.8%), from €110,554 to €50,000
- Profit (loss) carried forward -€47,088
down €47,088 (-64.1%), from -€73,426 to -€120,514
- Trade debts -€34,515
down €34,515 (-49.3%), from €70,056 to €35,541
- Gross operating margin -€76,048
down €76,048 (-30.1%), from €252,277 to €176,229
- Staff costs -€64,661
down €64,661 (-25.3%), from €255,417 to €190,756
- Financial income +€3,411
up €3,411 (+600%), from €569 to €3,980
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 | €451,800 | €352,737 | -€99,063 | -21.9% |
| Fixed assets | 21/28 | €77,461 | €51,053 | -€26,407 | -34.1% |
| Tangible fixed assets | 22/27 | €75,041 | €48,633 | -€26,407 | -35.2% |
| Land and buildings | 22 | €18,616 | €14,255 | -€4,361 | -23.4% |
| Plant, machinery and equipment | 23 | €51,967 | €31,036 | -€20,931 | -40.3% |
| Furniture and vehicles | 24 | €4,457 | €3,342 | -€1,114 | -25.0% |
| Financial fixed assets | 28 | €2,420 | €2,420 | = | 0.0% |
| Current assets | 29/58 | €374,339 | €301,684 | -€72,656 | -19.4% |
| Stocks and contracts in progress | 3 | €36,991 | €33,180 | -€3,811 | -10.3% |
| Stocks | 30/36 | €36,991 | €33,180 | -€3,811 | -10.3% |
| Amounts receivable within one year | 40/41 | €206,327 | €199,987 | -€6,340 | -3.1% |
| Trade receivables | 40 | €178,756 | €143,534 | -€35,222 | -19.7% |
| Other amounts receivable | 41 | €27,571 | €56,453 | +€28,882 | +105% |
| Cash at bank and in hand | 54/58 | €130,261 | €67,752 | -€62,510 | -48.0% |
| Deferred charges and accrued income | 490/1 | €760 | €765 | +€5 | +0.7% |
| Total equity and liabilities | 10/49 | €451,800 | €352,737 | -€99,063 | -21.9% |
| Equity | 10/15 | €55,345 | €8,256 | -€47,088 | -85.1% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €60,170 | €60,170 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,204 | €1,204 | = | 0.0% |
| Distributable reserves | 133 | €58,967 | €58,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,426 | -€120,514 | -€47,088 | -64.1% |
| Amounts payable | 17/49 | €396,455 | €344,481 | -€51,974 | -13.1% |
| Amounts payable after more than one year | 17 | €110,554 | €50,000 | -€60,554 | -54.8% |
| Financial debts | 170/4 | €110,554 | €50,000 | -€60,554 | -54.8% |
| Amounts payable within one year | 42/48 | €284,722 | €294,481 | +€9,759 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €13,917 | €10,554 | -€3,363 | -24.2% |
| Financial debts | 43 | €125,000 | €50,000 | -€75,000 | -60.0% |
| Credit institutions | 430/8 | €125,000 | €50,000 | -€75,000 | -60.0% |
| Trade debts | 44 | €70,056 | €35,541 | -€34,515 | -49.3% |
| Suppliers | 440/4 | €70,056 | €35,541 | -€34,515 | -49.3% |
| Taxes, remuneration and social security | 45 | €43,165 | €26,053 | -€17,112 | -39.6% |
| Taxes | 450/3 | €6,807 | €8,171 | +€1,364 | +20.0% |
| Remuneration and social security | 454/9 | €36,358 | €17,883 | -€18,476 | -50.8% |
| Other amounts payable | 47/48 | €32,584 | €172,332 | +€139,748 | +429% |
| Accrued charges and deferred income | 492/3 | €1,179 | - | -€1,179 | |
| Remuneration, social security and pensions | 62 | €255,417 | €190,756 | -€64,661 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,924 | €26,407 | -€517 | -1.9% |
| Other operating charges | 640/8 | €1,284 | €1,328 | +€44 | +3.4% |
| Gross operating margin | 9900 | €252,277 | €176,229 | -€76,048 | -30.1% |
| Operating profit (loss) | 9901 | -€31,348 | -€42,262 | -€10,914 | -34.8% |
| Financial income | 75/76B | €569 | €3,980 | +€3,411 | +600% |
| Recurring financial income | 75 | €569 | €3,980 | +€3,411 | +600% |
| Financial charges | 65/66B | €8,827 | €8,806 | -€21 | -0.2% |
| Recurring financial charges | 65 | €8,827 | €8,806 | -€21 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,607 | -€47,088 | -€7,482 | -18.9% |
| Income taxes | 67/77 | €48 | - | -€48 | |
| Profit (loss) for the period | 9904 | -€39,655 | -€47,088 | -€7,433 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,655 | -€47,088 | -€7,433 | -18.7% |
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 13 October 2026 via checked.be.