DEVROE & PARTNERS: 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.
DEVROE & PARTNERS
Largest movements
- Cash +€45,691
up €45,691 (+101.7%), from €44,936 to €90,626
mainly Current investments (+€39,400) and Net result for the year (+€13,546)
- Current investments -€39,400
down €39,400 (-50.2%), from €78,498 to €39,098
- Receivables within one year +€7,329
up €7,329 (+94.0%), from €7,799 to €15,128
of which Trade receivables: +€12,617
- Tangible fixed assets -€1,967
down €1,967 (-31.8%), from €6,182 to €4,215
of which Land and buildings: -€1,318
- Tax, wage and social debts +€12,780
up €12,780 (+383.7%), from €3,331 to €16,111
of which Remuneration and social security: +€9,191
- Trade debts -€6,688
down €6,688 (-54.6%), from €12,255 to €5,567
- Reserves +€6,046
up €6,046 (+7.0%), from €86,373 to €92,419
of which Distributable reserves: +€6,046
- Gross operating margin -€9,188
down €9,188 (-32.5%), from €28,246 to €19,058
- Taxes -€3,343
down €3,343 (-34.4%), from €9,711 to €6,368
- Financial income -€2,003
down €2,003 (-32.3%), from €6,196 to €4,193
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 | €137,955 | €149,662 | +€11,707 | +8.5% |
| Fixed assets | 21/28 | €6,182 | €4,215 | -€1,967 | -31.8% |
| Tangible fixed assets | 22/27 | €6,182 | €4,215 | -€1,967 | -31.8% |
| Land and buildings | 22 | €4,710 | €3,393 | -€1,318 | -28.0% |
| Plant, machinery and equipment | 23 | €1,472 | €822 | -€649 | -44.1% |
| Current assets | 29/58 | €131,773 | €145,447 | +€13,674 | +10.4% |
| Amounts receivable within one year | 40/41 | €7,799 | €15,128 | +€7,329 | +94.0% |
| Trade receivables | 40 | €2,448 | €15,065 | +€12,617 | +515.5% |
| Other amounts receivable | 41 | €5,351 | €63 | -€5,288 | -98.8% |
| Current investments | 50/53 | €78,498 | €39,098 | -€39,400 | -50.2% |
| Cash at bank and in hand | 54/58 | €44,936 | €90,626 | +€45,691 | +101.7% |
| Deferred charges and accrued income | 490/1 | €540 | €594 | +€54 | +10.0% |
| Total equity and liabilities | 10/49 | €137,955 | €149,662 | +€11,707 | +8.5% |
| Equity | 10/15 | €121,313 | €127,359 | +€6,046 | +5.0% |
| Contributions | 10/11 | €31,416 | €31,416 | = | 0.0% |
| Reserves | 13 | €86,373 | €92,419 | +€6,046 | +7.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €82,654 | €88,700 | +€6,046 | +7.3% |
| Profit (loss) carried forward | 14 | €3,525 | €3,525 | = | 0.0% |
| Amounts payable | 17/49 | €16,642 | €22,302 | +€5,660 | +34.0% |
| Amounts payable within one year | 42/48 | €16,128 | €21,774 | +€5,646 | +35.0% |
| Trade debts | 44 | €12,255 | €5,567 | -€6,688 | -54.6% |
| Suppliers | 440/4 | €12,255 | €5,567 | -€6,688 | -54.6% |
| Taxes, remuneration and social security | 45 | €3,331 | €16,111 | +€12,780 | +383.7% |
| Taxes | 450/3 | €2,586 | €6,174 | +€3,589 | +138.8% |
| Remuneration and social security | 454/9 | €745 | €9,936 | +€9,191 | +1233.3% |
| Other amounts payable | 47/48 | €543 | €97 | -€446 | -82.2% |
| Accrued charges and deferred income | 492/3 | €513 | €528 | +€14 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,698 | €1,967 | +€270 | +15.9% |
| Other operating charges | 640/8 | €1,263 | €1,189 | -€74 | -5.9% |
| Gross operating margin | 9900 | €28,246 | €19,058 | -€9,188 | -32.5% |
| Operating profit (loss) | 9901 | €25,286 | €15,902 | -€9,383 | -37.1% |
| Financial income | 75/76B | €6,196 | €4,193 | -€2,003 | -32.3% |
| Recurring financial income | 75 | €6,196 | €4,193 | -€2,003 | -32.3% |
| Financial charges | 65/66B | €178 | €181 | +€3 | +1.6% |
| Recurring financial charges | 65 | €178 | €181 | +€3 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €31,304 | €19,915 | -€11,389 | -36.4% |
| Income taxes | 67/77 | €9,711 | €6,368 | -€3,343 | -34.4% |
| Profit (loss) for the period | 9904 | €21,593 | €13,546 | -€8,047 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,593 | €13,546 | -€8,047 | -37.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.