DEVRIESE: 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.
DEVRIESE
Largest movements
- Tangible fixed assets +€166,069
up €166,069 (+244219.1%), from €68 to €166,137
of which Land and buildings: +€163,824
- Receivables within one year -€25,662
down €25,662 (-11.1%), from €230,829 to €205,167
of which Trade receivables: -€15,722
- Cash +€23,510
up €23,510 (+7.1%), from €329,898 to €353,408
mainly Debts after one year (+€150,000) and Net result for the year (+€38,786)
- Current investments +€15,145
up €15,145 (+101.0%), from €15,000 to €30,145
- Debts after one year +€150,000
new in 2025: €150,000
- Reserves +€37,956
up €37,956 (+7.8%), from €487,814 to €525,770
- Tax, wage and social debts -€10,139
down €10,139 (-20.1%), from €50,532 to €40,393
of which Taxes: -€10,121
- Gross operating margin -€195,683
down €195,683 (-55.5%), from €352,602 to €156,919
- Staff costs -€71,758
down €71,758 (-43.0%), from €166,845 to €95,087
- Taxes -€41,695
down €41,695 (-71.7%), from €58,114 to €16,419
- Depreciation -€12,337
down €12,337 (-77.7%), from €15,886 to €3,549
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 | €583,473 | €762,315 | +€178,842 | +30.7% |
| Fixed assets | 21/28 | €262 | €166,331 | +€166,069 | +63385.1% |
| Tangible fixed assets | 22/27 | €68 | €166,137 | +€166,069 | +244219.1% |
| Land and buildings | 22 | - | €163,824 | +€163,824 | |
| Plant, machinery and equipment | 23 | €68 | €2,313 | +€2,245 | +3301.5% |
| Financial fixed assets | 28 | €194 | €194 | = | 0.0% |
| Current assets | 29/58 | €583,211 | €595,984 | +€12,773 | +2.2% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €230,829 | €205,167 | -€25,662 | -11.1% |
| Trade receivables | 40 | €36,517 | €20,795 | -€15,722 | -43.1% |
| Other amounts receivable | 41 | €194,312 | €184,372 | -€9,940 | -5.1% |
| Current investments | 50/53 | €15,000 | €30,145 | +€15,145 | +101.0% |
| Cash at bank and in hand | 54/58 | €329,898 | €353,408 | +€23,510 | +7.1% |
| Deferred charges and accrued income | 490/1 | €5,484 | €5,264 | -€220 | -4.0% |
| Total equity and liabilities | 10/49 | €583,473 | €762,315 | +€178,842 | +30.7% |
| Equity | 10/15 | €508,752 | €546,708 | +€37,956 | +7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €487,814 | €525,770 | +€37,956 | +7.8% |
| Distributable reserves | 133 | €487,814 | €525,770 | +€37,956 | +7.8% |
| Profit (loss) carried forward | 14 | €2,346 | €2,346 | = | 0.0% |
| Amounts payable | 17/49 | €74,721 | €215,607 | +€140,886 | +188.5% |
| Amounts payable after more than one year | 17 | - | €150,000 | +€150,000 | |
| Financial debts | 170/4 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €74,421 | €65,607 | -€8,814 | -11.8% |
| Trade debts | 44 | €5,021 | €4,811 | -€210 | -4.2% |
| Suppliers | 440/4 | €5,021 | €4,811 | -€210 | -4.2% |
| Taxes, remuneration and social security | 45 | €50,532 | €40,393 | -€10,139 | -20.1% |
| Taxes | 450/3 | €47,475 | €37,354 | -€10,121 | -21.3% |
| Remuneration and social security | 454/9 | €3,057 | €3,039 | -€18 | -0.6% |
| Other amounts payable | 47/48 | €18,868 | €20,403 | +€1,535 | +8.1% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €166,845 | €95,087 | -€71,758 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,886 | €3,549 | -€12,337 | -77.7% |
| Other operating charges | 640/8 | €2,216 | €2,699 | +€483 | +21.8% |
| Gross operating margin | 9900 | €352,602 | €156,919 | -€195,683 | -55.5% |
| Operating profit (loss) | 9901 | €167,655 | €55,584 | -€112,071 | -66.8% |
| Financial income | 75/76B | €2,470 | €1,882 | -€588 | -23.8% |
| Recurring financial income | 75 | €2,470 | €1,882 | -€588 | -23.8% |
| Financial charges | 65/66B | €1,083 | €2,261 | +€1,178 | +108.8% |
| Recurring financial charges | 65 | €1,083 | €2,261 | +€1,178 | +108.8% |
| Profit (loss) for the period before taxes | 9903 | €169,042 | €55,205 | -€113,837 | -67.3% |
| Income taxes | 67/77 | €58,114 | €16,419 | -€41,695 | -71.7% |
| Profit (loss) for the period | 9904 | €110,928 | €38,786 | -€72,142 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €110,928 | €38,786 | -€72,142 | -65.0% |
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.