Georges Devis et fils: 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.
Georges Devis et fils
Largest movements
- Receivables within one year +€23,083
up €23,083 (+11.2%), from €206,843 to €229,925
of which Other amounts receivable: +€22,085
- Tangible fixed assets -€12,063
down €12,063 (-5.1%), from €234,437 to €222,374
of which Land and buildings: -€11,667
- Cash -€9,640
down €9,640 (-100%), from €9,640 to €0
mainly Trade debts (-€25,615) and Receivables within one year (-€23,083)
- Short-term financial debts +€40,119
new in 2025: €40,119
- Trade debts -€25,615
down €25,615 (-41.8%), from €61,327 to €35,712
- Revaluation surpluses -€11,667
down €11,667 (-5.6%), from €208,475 to €196,808
- Tax, wage and social debts -€9,794
down €9,794 (-44.3%), from €22,119 to €12,325
- Profit (loss) carried forward +€8,355
up €8,355 (+4.5%), from -€186,227 to -€177,871
- Gross operating margin -€37,845
down €37,845 (-75.8%), from €49,945 to €12,100
- Financial income +€4,166
up €4,166 (+48.8%), from €8,546 to €12,712
- Taxes -€3,513
down €3,513 (-36.3%), from €9,684 to €6,171
- Other operating charges -€3,424
down €3,424 (-51.2%), from €6,691 to €3,267
- Financial charges -€546
down €546 (-11.2%), from €4,875 to €4,329
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.
Derived cash bridge
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 | €452,126 | €453,525 | +€1,399 | +0.3% |
| Fixed assets | 21/28 | €234,437 | €222,374 | -€12,063 | -5.1% |
| Tangible fixed assets | 22/27 | €234,437 | €222,374 | -€12,063 | -5.1% |
| Land and buildings | 22 | €228,874 | €217,207 | -€11,667 | -5.1% |
| Plant, machinery and equipment | 23 | €4,815 | €4,671 | -€145 | -3.0% |
| Furniture and vehicles | 24 | €748 | €496 | -€252 | -33.6% |
| Current assets | 29/58 | €217,689 | €231,151 | +€13,462 | +6.2% |
| Amounts receivable within one year | 40/41 | €206,843 | €229,925 | +€23,083 | +11.2% |
| Trade receivables | 40 | €8,305 | €9,302 | +€998 | +12.0% |
| Other amounts receivable | 41 | €198,538 | €220,623 | +€22,085 | +11.1% |
| Cash at bank and in hand | 54/58 | €9,640 | €0 | -€9,640 | -100% |
| Deferred charges and accrued income | 490/1 | €1,206 | €1,226 | +€19 | +1.6% |
| Total equity and liabilities | 10/49 | €452,126 | €453,525 | +€1,399 | +0.3% |
| Equity | 10/15 | €282,241 | €278,930 | -€3,311 | -1.2% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Revaluation surpluses | 12 | €208,475 | €196,808 | -€11,667 | -5.6% |
| Reserves | 13 | €12,099 | €12,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,099 | €12,099 | = | 0.0% |
| Legal reserve | 130 | €4,427 | €4,427 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,672 | €7,672 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,227 | -€177,871 | +€8,355 | +4.5% |
| Amounts payable | 17/49 | €169,886 | €174,595 | +€4,710 | +2.8% |
| Amounts payable after more than one year | 17 | €81,040 | €81,040 | = | 0.0% |
| Financial debts | 170/4 | €81,040 | €81,040 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,846 | €93,556 | +€4,710 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €5,400 | €5,400 | = | 0.0% |
| Financial debts | 43 | - | €40,119 | +€40,119 | |
| Credit institutions | 430/8 | - | €40,119 | +€40,119 | |
| Trade debts | 44 | €61,327 | €35,712 | -€25,615 | -41.8% |
| Suppliers | 440/4 | €61,327 | €35,712 | -€25,615 | -41.8% |
| Taxes, remuneration and social security | 45 | €22,119 | €12,325 | -€9,794 | -44.3% |
| Taxes | 450/3 | €22,119 | €12,325 | -€9,794 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,084 | €14,357 | +€273 | +1.9% |
| Other operating charges | 640/8 | €6,691 | €3,267 | -€3,424 | -51.2% |
| Gross operating margin | 9900 | €49,945 | €12,100 | -€37,845 | -75.8% |
| Operating profit (loss) | 9901 | €29,171 | -€5,524 | -€34,694 | |
| Financial income | 75/76B | €8,546 | €12,712 | +€4,166 | +48.8% |
| Recurring financial income | 75 | €8,546 | €12,712 | +€4,166 | +48.8% |
| Financial charges | 65/66B | €4,875 | €4,329 | -€546 | -11.2% |
| Recurring financial charges | 65 | €4,875 | €4,329 | -€546 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €32,842 | €2,860 | -€29,982 | -91.3% |
| Income taxes | 67/77 | €9,684 | €6,171 | -€3,513 | -36.3% |
| Profit (loss) for the period | 9904 | €23,158 | -€3,311 | -€26,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,158 | -€3,311 | -€26,469 |
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 26 October 2026 via checked.be.