DEVROE MANAGEMENT: 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.
DEVROE MANAGEMENT
Largest movements
- Cash +€23,539
up €23,539 (+209.2%), from €11,252 to €34,791
mainly Other debts (+€52,199) and Net result for the year (+€16,565)
- Receivables within one year +€2,706
up €2,706 (+6.2%), from €43,288 to €45,994
- Other debts +€52,199
new in 2025: €52,199
- Reserves -€35,634
down €35,634 (-32.7%), from €108,848 to €73,214
- Tax, wage and social debts +€7,095
up €7,095 (+488.9%), from €1,451 to €8,546
- Gross operating margin +€4,226
up €4,226 (+18.3%), from €23,054 to €27,280
- Taxes +€2,244
up €2,244 (+34.7%), from €6,475 to €8,719
- Depreciation -€635
down €635 (-27.9%), from €2,273 to €1,638
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 | €142,242 | €165,903 | +€23,660 | +16.6% |
| Fixed assets | 21/28 | €83,881 | €82,243 | -€1,638 | -2.0% |
| Tangible fixed assets | 22/27 | €83,881 | €82,243 | -€1,638 | -2.0% |
| Land and buildings | 22 | €83,881 | €82,243 | -€1,638 | -2.0% |
| Current assets | 29/58 | €58,362 | €83,659 | +€25,298 | +43.3% |
| Amounts receivable within one year | 40/41 | €43,288 | €45,994 | +€2,706 | +6.2% |
| Other amounts receivable | 41 | €43,288 | €45,994 | +€2,706 | +6.2% |
| Cash at bank and in hand | 54/58 | €11,252 | €34,791 | +€23,539 | +209.2% |
| Deferred charges and accrued income | 490/1 | €3,821 | €2,875 | -€946 | -24.8% |
| Total equity and liabilities | 10/49 | €142,242 | €165,903 | +€23,660 | +16.6% |
| Equity | 10/15 | €140,791 | €105,157 | -€35,634 | -25.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €108,848 | €73,214 | -€35,634 | -32.7% |
| Distributable reserves | 133 | €108,848 | €73,214 | -€35,634 | -32.7% |
| Profit (loss) carried forward | 14 | €13,351 | €13,351 | = | 0.0% |
| Amounts payable | 17/49 | €1,451 | €60,746 | +€59,294 | +4085.9% |
| Amounts payable within one year | 42/48 | €1,451 | €60,746 | +€59,294 | +4085.9% |
| Taxes, remuneration and social security | 45 | €1,451 | €8,546 | +€7,095 | +488.9% |
| Taxes | 450/3 | €1,451 | €8,546 | +€7,095 | +488.9% |
| Other amounts payable | 47/48 | - | €52,199 | +€52,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,273 | €1,638 | -€635 | -27.9% |
| Other operating charges | 640/8 | €2,992 | €3,075 | +€83 | +2.8% |
| Gross operating margin | 9900 | €23,054 | €27,280 | +€4,226 | +18.3% |
| Operating profit (loss) | 9901 | €17,789 | €22,567 | +€4,778 | +26.9% |
| Financial income | 75/76B | €2,706 | €2,875 | +€169 | +6.3% |
| Recurring financial income | 75 | €2,706 | €2,875 | +€169 | +6.3% |
| Financial charges | 65/66B | €196 | €158 | -€38 | -19.5% |
| Recurring financial charges | 65 | €196 | €158 | -€38 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €20,299 | €25,284 | +€4,985 | +24.6% |
| Income taxes | 67/77 | €6,475 | €8,719 | +€2,244 | +34.7% |
| Profit (loss) for the period | 9904 | €13,824 | €16,565 | +€2,741 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,824 | €16,565 | +€2,741 | +19.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.