EDDY DEVOS CONSTRUCTIONS: 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.
What changed
EDDY DEVOS CONSTRUCTIONS
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€296,009
2024 · €50,737+€245,272
Equity
€1.0m
2024 · €739,844+€296,009
Cash
€251,042
2024 · €112,556+€138,486
Balance sheet total
€3.2m
2024 · €3.4m-€249,080
Largest movements
Assets
- Stocks and contracts -€636,215
down €636,215 (-56.4%), from €1.1m to €491,748
of which Stocks: -€371,859
- Receivables within one year +€203,091
up €203,091 (+12.6%), from €1.6m to €1.8m
of which Trade receivables: +€258,674
- Cash +€138,486
up €138,486 (+123.0%), from €112,556 to €251,042
mainly Stocks and contracts (+€636,215) and Net result for the year (+€296,009)
Equity and liabilities
- Short-term financial debts -€550,000
down €550,000 (-68.8%), from €800,000 to €250,000
- Profit (loss) carried forward +€281,208
up €281,208, from -€271,745 to €9,464
- Other debts +€55,000
up €55,000 (+28.2%), from €195,000 to €250,000
- Trade debts -€44,603
down €44,603 (-4.0%), from €1.1m to €1.1m
Income statement
- Gross operating margin +€480,671
up €480,671 (+21.4%), from €2.2m to €2.7m
- Staff costs +€155,848
up €155,848 (+7.9%), from €2.0m to €2.1m
- Write-downs +€75,439
up €75,439 (+791.6%), from €9,530 to €84,968
- Financial charges -€27,866
down €27,866 (-29.6%), from €94,175 to €66,309
of which Financial charges: -€27,866
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.
Result 2024
€50,737
Gross operating margin
+€480,671
Staff costs
-€155,848
Depreciation
-€10,547
Write-downs
-€75,439
Other operating charges
-€4,970
Other operating items
+€76
Financial income
-€4,090
Financial charges
+€27,866
Taxes
-€12,448
Result 2025
€296,009
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.
From operations
+€835,750
Investment
-€143,858
Financing
-€553,406
Cash 2024
€112,556
From operations (derived)
+€835,750
Net result for the year
+€296,009
Depreciation
+€104,999
Stocks and contracts
+€636,215
Receivables within one year
-€203,091
Deferred charges and accrued income
-€6,698
Trade debts
-€44,603
Tax, wage and social debts
-€300
Other debts
+€55,000
Accrued charges and deferred income
-€1,780
Investment (derived)
-€143,858
Investment in fixed assets (net)
-€143,858
Financing
-€553,406
Debts after one year
-€12,307
Current portion of long-term debt
+€8,901
Short-term financial debts
-€550,000
Cash 2025
€251,042
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,403,375 | €3,154,295 | -€249,080 | -7.3% |
| Fixed assets | 21/28 | €542,719 | €581,579 | +€38,859 | +7.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €352,842 | €385,464 | +€32,622 | +9.2% |
| Furniture and vehicles | 24 | €150,039 | €150,252 | +€213 | +0.1% |
| Leasing and similar rights | 25 | €131,651 | €152,550 | +€20,899 | +15.9% |
| Other tangible fixed assets | 26 | €4,179 | €82,663 | +€78,484 | +1878.2% |
| Assets under construction and advance payments | 27 | €66,974 | €0 | -€66,974 | -100.0% |
| Financial fixed assets | 28 | €189,877 | €196,114 | +€6,238 | +3.3% |
| Current assets | 29/58 | €2,860,656 | €2,572,716 | -€287,939 | -10.1% |
| Stocks and contracts in progress | 3 | €1,127,963 | €491,748 | -€636,215 | -56.4% |
| Stocks | 30/36 | €787,346 | €415,487 | -€371,859 | -47.2% |
| Contracts in progress | 37 | €340,617 | €76,261 | -€264,356 | -77.6% |
| Amounts receivable within one year | 40/41 | €1,607,839 | €1,810,931 | +€203,091 | +12.6% |
| Trade receivables | 40 | €1,551,550 | €1,810,225 | +€258,674 | +16.7% |
| Other amounts receivable | 41 | €56,289 | €706 | -€55,583 | -98.7% |
| Cash at bank and in hand | 54/58 | €112,556 | €251,042 | +€138,486 | +123.0% |
| Deferred charges and accrued income | 490/1 | €12,297 | €18,995 | +€6,698 | +54.5% |
| Total equity and liabilities | 10/49 | €3,403,375 | €3,154,295 | -€249,080 | -7.3% |
| Equity | 10/15 | €739,844 | €1,035,853 | +€296,009 | +40.0% |
| Contributions | 10/11 | €955,000 | €955,000 | = | 0.0% |
| Capital | 10 | €955,000 | €955,000 | = | 0.0% |
| Issued capital | 100 | €955,000 | €955,000 | = | 0.0% |
| Reserves | 13 | €56,589 | €71,390 | +€14,800 | +26.2% |
| Non-distributable reserves | 130/1 | €56,589 | €71,390 | +€14,800 | +26.2% |
| Legal reserve | 130 | €56,589 | €71,390 | +€14,800 | +26.2% |
| Profit (loss) carried forward | 14 | -€271,745 | €9,464 | +€281,208 | |
| Amounts payable | 17/49 | €2,663,531 | €2,118,442 | -€545,089 | -20.5% |
| Amounts payable after more than one year | 17 | €162,064 | €149,757 | -€12,307 | -7.6% |
| Financial debts | 170/4 | €162,064 | €149,757 | -€12,307 | -7.6% |
| Amounts payable within one year | 42/48 | €2,491,442 | €1,960,440 | -€531,002 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €64,059 | €72,960 | +€8,901 | +13.9% |
| Financial debts | 43 | €800,000 | €250,000 | -€550,000 | -68.8% |
| Credit institutions | 430/8 | €800,000 | €250,000 | -€550,000 | -68.8% |
| Trade debts | 44 | €1,118,635 | €1,074,032 | -€44,603 | -4.0% |
| Suppliers | 440/4 | €1,118,635 | €1,074,032 | -€44,603 | -4.0% |
| Taxes, remuneration and social security | 45 | €313,748 | €313,448 | -€300 | -0.1% |
| Taxes | 450/3 | €29,565 | €154,982 | +€125,416 | +424.2% |
| Remuneration and social security | 454/9 | €284,183 | €158,466 | -€125,717 | -44.2% |
| Other amounts payable | 47/48 | €195,000 | €250,000 | +€55,000 | +28.2% |
| Accrued charges and deferred income | 492/3 | €10,025 | €8,244 | -€1,780 | -17.8% |
| Non-recurring operating income | 76A | €1,786 | €1,630 | -€156 | -8.7% |
| Remuneration, social security and pensions | 62 | €1,982,481 | €2,138,329 | +€155,848 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,452 | €104,999 | +€10,547 | +11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,530 | €84,968 | +€75,439 | +791.6% |
| Other operating charges | 640/8 | €17,637 | €22,607 | +€4,970 | +28.2% |
| Non-recurring operating charges | 66A | €76 | - | -€76 | |
| Gross operating margin | 9900 | €2,244,859 | €2,725,530 | +€480,671 | +21.4% |
| Operating profit (loss) | 9901 | €140,683 | €374,627 | +€233,944 | +166.3% |
| Financial income | 75/76B | €6,321 | €2,231 | -€4,090 | -64.7% |
| Recurring financial income | 75 | €6,321 | €2,231 | -€4,090 | -64.7% |
| Financial charges | 65/66B | €94,175 | €66,309 | -€27,866 | -29.6% |
| Recurring financial charges | 65 | €94,175 | €66,309 | -€27,866 | -29.6% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €52,828 | €310,548 | +€257,720 | +487.8% |
| Income taxes | 67/77 | €2,092 | €14,540 | +€12,448 | +595.1% |
| Profit (loss) for the period | 9904 | €50,737 | €296,009 | +€245,272 | +483.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,737 | €296,009 | +€245,272 | +483.4% |
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 10 October 2026 via checked.be.