ELECTRO DEVOSCO: 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.
ELECTRO DEVOSCO
Largest movements
- Current investments +€125,555
new in 2025: €125,555
- Receivables within one year -€124,168
down €124,168 (-23.0%), from €539,479 to €415,311
of which Other amounts receivable: -€91,887
- Tangible fixed assets +€98,932
up €98,932 (+30.2%), from €328,071 to €427,003
of which Furniture and vehicles: +€77,405
- Cash +€58,977
up €58,977 (+22.2%), from €265,426 to €324,404
mainly Net result for the year (+€165,050) and Receivables within one year (+€124,168)
- Other debts +€55,916
up €55,916 (+27.8%), from €201,285 to €257,201
- Trade debts +€34,038
up €34,038 (+42.6%), from €79,892 to €113,930
- Debts after one year +€26,604
new in 2025: €26,604
- Tax, wage and social debts +€22,841
up €22,841 (+53.7%), from €42,533 to €65,374
of which Remuneration and social security: +€21,578
- Gross operating margin +€155,484
up €155,484 (+46.5%), from €334,414 to €489,897
- Staff costs +€95,082
up €95,082 (+50.4%), from €188,674 to €283,756
- Depreciation +€6,482
up €6,482 (+14.7%), from €44,204 to €50,686
- Financial income +€5,854
up €5,854 (+29.0%), from €20,188 to €26,042
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 | €1,240,376 | €1,396,016 | +€155,640 | +12.5% |
| Fixed assets | 21/28 | €330,025 | €427,720 | +€97,695 | +29.6% |
| Intangible fixed assets | 21 | €1,954 | €717 | -€1,237 | -63.3% |
| Tangible fixed assets | 22/27 | €328,071 | €427,003 | +€98,932 | +30.2% |
| Land and buildings | 22 | €219,172 | €215,022 | -€4,150 | -1.9% |
| Plant, machinery and equipment | 23 | €51,490 | €78,248 | +€26,758 | +52.0% |
| Furniture and vehicles | 24 | €50,724 | €128,129 | +€77,405 | +152.6% |
| Other tangible fixed assets | 26 | €6,685 | €5,604 | -€1,081 | -16.2% |
| Current assets | 29/58 | €910,351 | €968,297 | +€57,946 | +6.4% |
| Stocks and contracts in progress | 3 | €104,537 | €98,814 | -€5,723 | -5.5% |
| Stocks | 30/36 | €104,537 | €98,814 | -€5,723 | -5.5% |
| Amounts receivable within one year | 40/41 | €539,479 | €415,311 | -€124,168 | -23.0% |
| Trade receivables | 40 | €176,480 | €144,199 | -€32,281 | -18.3% |
| Other amounts receivable | 41 | €363,000 | €271,113 | -€91,887 | -25.3% |
| Current investments | 50/53 | - | €125,555 | +€125,555 | |
| Cash at bank and in hand | 54/58 | €265,426 | €324,404 | +€58,977 | +22.2% |
| Deferred charges and accrued income | 490/1 | €908 | €4,213 | +€3,304 | +363.7% |
| Total equity and liabilities | 10/49 | €1,240,376 | €1,396,016 | +€155,640 | +12.5% |
| Equity | 10/15 | €911,956 | €912,006 | +€50 | 0.0% |
| Contributions | 10/11 | €358,156 | €358,156 | = | 0.0% |
| Reserves | 13 | €86,047 | €86,047 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €86,047 | €86,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | €467,753 | €467,803 | +€50 | 0.0% |
| Amounts payable | 17/49 | €328,420 | €484,010 | +€155,591 | +47.4% |
| Amounts payable after more than one year | 17 | - | €26,604 | +€26,604 | |
| Financial debts | 170/4 | - | €26,604 | +€26,604 | |
| Amounts payable within one year | 42/48 | €323,710 | €452,265 | +€128,555 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €13,260 | +€13,260 | |
| Trade debts | 44 | €79,892 | €113,930 | +€34,038 | +42.6% |
| Suppliers | 440/4 | €79,892 | €113,930 | +€34,038 | +42.6% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €42,533 | €65,374 | +€22,841 | +53.7% |
| Taxes | 450/3 | €3,600 | €4,864 | +€1,263 | +35.1% |
| Remuneration and social security | 454/9 | €38,932 | €60,510 | +€21,578 | +55.4% |
| Other amounts payable | 47/48 | €201,285 | €257,201 | +€55,916 | +27.8% |
| Accrued charges and deferred income | 492/3 | €4,710 | €5,142 | +€432 | +9.2% |
| Remuneration, social security and pensions | 62 | €188,674 | €283,756 | +€95,082 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,204 | €50,686 | +€6,482 | +14.7% |
| Other operating charges | 640/8 | €7,472 | €8,771 | +€1,299 | +17.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €334,414 | €489,897 | +€155,484 | +46.5% |
| Operating profit (loss) | 9901 | €94,063 | €146,684 | +€52,621 | +55.9% |
| Financial income | 75/76B | €20,188 | €26,042 | +€5,854 | +29.0% |
| Recurring financial income | 75 | €20,188 | €26,042 | +€5,854 | +29.0% |
| Financial charges | 65/66B | €6,729 | €7,408 | +€679 | +10.1% |
| Recurring financial charges | 65 | €6,729 | €7,408 | +€679 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €107,523 | €165,319 | +€57,796 | +53.8% |
| Income taxes | 67/77 | €975 | €269 | -€707 | -72.4% |
| Profit (loss) for the period | 9904 | €106,547 | €165,050 | +€58,503 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,547 | €165,050 | +€58,503 | +54.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.