ELECTRO - INDUSTRIE DEVOLDER D.: 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.
ELECTRO - INDUSTRIE DEVOLDER D.
Largest movements
- Current investments +€376,000
new in 2025: €376,000
- Cash -€327,847
down €327,847 (-46.2%), from €709,818 to €381,971
mainly Current investments (-€376,000) and Stocks and contracts (-€70,895)
- Stocks and contracts +€70,895
up €70,895 (+1347.8%), from €5,260 to €76,155
of which Contracts in progress: +€70,000
- Reserves +€62,777
up €62,777 (+14.7%), from €426,901 to €489,678
of which Distributable reserves: +€62,777
- Trade debts +€26,514
up €26,514 (+693.5%), from €3,823 to €30,337
- Other debts +€18,909
up €18,909 (+33.4%), from €56,633 to €75,542
- Tax, wage and social debts +€13,415
up €13,415 (+109.5%), from €12,246 to €25,661
of which Remuneration and social security: +€11,347
- Gross operating margin +€58,523
up €58,523 (+69.5%), from €84,242 to €142,765
- Staff costs +€15,528
up €15,528 (+29.8%), from €52,048 to €67,576
- Taxes +€13,130
up €13,130 (+117.7%), from €11,156 to €24,286
- Financial income +€3,882
up €3,882 (+33.9%), from €11,450 to €15,332
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 | €761,902 | €883,517 | +€121,615 | +16.0% |
| Current assets | 29/58 | €761,902 | €883,517 | +€121,615 | +16.0% |
| Stocks and contracts in progress | 3 | €5,260 | €76,155 | +€70,895 | +1347.8% |
| Stocks | 30/36 | €5,260 | €6,155 | +€895 | +17.0% |
| Contracts in progress | 37 | - | €70,000 | +€70,000 | |
| Amounts receivable within one year | 40/41 | €46,824 | €47,864 | +€1,040 | +2.2% |
| Trade receivables | 40 | €34,877 | €35,749 | +€872 | +2.5% |
| Other amounts receivable | 41 | €11,947 | €12,115 | +€168 | +1.4% |
| Current investments | 50/53 | - | €376,000 | +€376,000 | |
| Cash at bank and in hand | 54/58 | €709,818 | €381,971 | -€327,847 | -46.2% |
| Deferred charges and accrued income | 490/1 | - | €1,527 | +€1,527 | |
| Total equity and liabilities | 10/49 | €761,902 | €883,517 | +€121,615 | +16.0% |
| Equity | 10/15 | €689,200 | €751,977 | +€62,777 | +9.1% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Reserves | 13 | €426,901 | €489,678 | +€62,777 | +14.7% |
| Non-distributable reserves | 130/1 | €26,200 | €26,200 | = | 0.0% |
| Legal reserve | 130 | €26,200 | €26,200 | = | 0.0% |
| Distributable reserves | 133 | €400,701 | €463,478 | +€62,777 | +15.7% |
| Profit (loss) carried forward | 14 | €299 | €299 | = | 0.0% |
| Amounts payable | 17/49 | €72,702 | €131,540 | +€58,838 | +80.9% |
| Amounts payable within one year | 42/48 | €72,702 | €131,540 | +€58,838 | +80.9% |
| Trade debts | 44 | €3,823 | €30,337 | +€26,514 | +693.5% |
| Suppliers | 440/4 | €3,823 | €30,337 | +€26,514 | +693.5% |
| Taxes, remuneration and social security | 45 | €12,246 | €25,661 | +€13,415 | +109.5% |
| Taxes | 450/3 | €9,061 | €11,129 | +€2,068 | +22.8% |
| Remuneration and social security | 454/9 | €3,185 | €14,532 | +€11,347 | +356.3% |
| Other amounts payable | 47/48 | €56,633 | €75,542 | +€18,909 | +33.4% |
| Remuneration, social security and pensions | 62 | €52,048 | €67,576 | +€15,528 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | - | -€200 | |
| Other operating charges | 640/8 | €1,155 | €666 | -€489 | -42.3% |
| Gross operating margin | 9900 | €84,242 | €142,765 | +€58,523 | +69.5% |
| Operating profit (loss) | 9901 | €30,839 | €74,523 | +€43,684 | +141.7% |
| Financial income | 75/76B | €11,450 | €15,332 | +€3,882 | +33.9% |
| Recurring financial income | 75 | €11,450 | €15,332 | +€3,882 | +33.9% |
| Financial charges | 65/66B | €2,785 | €2,792 | +€7 | +0.3% |
| Recurring financial charges | 65 | €2,785 | €2,792 | +€7 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €39,504 | €87,063 | +€47,559 | +120.4% |
| Income taxes | 67/77 | €11,156 | €24,286 | +€13,130 | +117.7% |
| Profit (loss) for the period | 9904 | €28,348 | €62,777 | +€34,429 | +121.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,348 | €62,777 | +€34,429 | +121.5% |
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 7 October 2026 via checked.be.