Glaswerken Devos: 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.
Glaswerken Devos
Largest movements
- Tangible fixed assets -€18,895
down €18,895 (-8.6%), from €219,385 to €200,490
of which Land and buildings: -€14,976
- Cash +€2,820
up €2,820 (+3329.3%), from €85 to €2,905
mainly Depreciation (+€18,895) and Net result for the year (+€10,423)
- Other debts -€26,320
down €26,320 (-87.1%), from €30,218 to €3,897
- Profit (loss) carried forward +€10,423
up €10,423 (+70.8%), from -€14,712 to -€4,289
- Current portion of long-term debt -€3,888
down €3,888 (-20.1%), from €19,392 to €15,504
- Debts after one year +€3,382
up €3,382 (+2.3%), from €144,583 to €147,966
- Tax, wage and social debts +€2,512
up €2,512 (+55.0%), from €4,571 to €7,083
of which Taxes: +€2,512
- Depreciation -€9,747
down €9,747 (-34.0%), from €28,642 to €18,895
- Gross operating margin +€4,567
up €4,567 (+11.9%), from €38,327 to €42,894
- Taxes +€2,524
up €2,524 (+72.8%), from €3,467 to €5,991
- Financial charges +€1,911
up €1,911 (+40.4%), from €4,735 to €6,646
- Other operating charges -€1,490
down €1,490 (-52.8%), from €2,821 to €1,331
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 | €236,590 | €221,825 | -€14,765 | -6.2% |
| Fixed assets | 21/28 | €219,385 | €200,490 | -€18,895 | -8.6% |
| Tangible fixed assets | 22/27 | €219,385 | €200,490 | -€18,895 | -8.6% |
| Land and buildings | 22 | €212,199 | €197,222 | -€14,976 | -7.1% |
| Plant, machinery and equipment | 23 | €3,047 | €2,073 | -€974 | -32.0% |
| Furniture and vehicles | 24 | €4,139 | €1,194 | -€2,945 | -71.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €17,205 | €21,335 | +€4,130 | +24.0% |
| Amounts receivable within one year | 40/41 | €17,120 | €17,776 | +€656 | +3.8% |
| Trade receivables | 40 | €14,413 | €11,961 | -€2,453 | -17.0% |
| Other amounts receivable | 41 | €2,707 | €5,815 | +€3,109 | +114.9% |
| Cash at bank and in hand | 54/58 | €85 | €2,905 | +€2,820 | +3329.3% |
| Deferred charges and accrued income | 490/1 | - | €654 | +€654 | |
| Total equity and liabilities | 10/49 | €236,590 | €221,825 | -€14,765 | -6.2% |
| Equity | 10/15 | -€9,712 | €711 | +€10,423 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,712 | -€4,289 | +€10,423 | +70.8% |
| Amounts payable | 17/49 | €246,302 | €221,114 | -€25,188 | -10.2% |
| Amounts payable after more than one year | 17 | €144,583 | €147,966 | +€3,382 | +2.3% |
| Financial debts | 170/4 | €144,583 | €147,966 | +€3,382 | +2.3% |
| Amounts payable within one year | 42/48 | €101,718 | €73,148 | -€28,570 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €19,392 | €15,504 | -€3,888 | -20.1% |
| Financial debts | 43 | €19,708 | €19,845 | +€137 | +0.7% |
| Credit institutions | 430/8 | €19,708 | €19,845 | +€137 | +0.7% |
| Trade debts | 44 | €27,831 | €26,819 | -€1,011 | -3.6% |
| Suppliers | 440/4 | €27,831 | €26,819 | -€1,011 | -3.6% |
| Taxes, remuneration and social security | 45 | €4,571 | €7,083 | +€2,512 | +55.0% |
| Taxes | 450/3 | €4,571 | €7,083 | +€2,512 | +55.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,218 | €3,897 | -€26,320 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,642 | €18,895 | -€9,747 | -34.0% |
| Other operating charges | 640/8 | €2,821 | €1,331 | -€1,490 | -52.8% |
| Non-recurring operating charges | 66A | €48 | - | -€48 | |
| Gross operating margin | 9900 | €38,327 | €42,894 | +€4,567 | +11.9% |
| Operating profit (loss) | 9901 | €6,815 | €22,668 | +€15,853 | +232.6% |
| Financial income | 75/76B | €8 | €392 | +€384 | +4864.2% |
| Recurring financial income | 75 | €8 | €392 | +€384 | +4864.2% |
| Financial charges | 65/66B | €4,735 | €6,646 | +€1,911 | +40.4% |
| Recurring financial charges | 65 | €4,735 | €6,646 | +€1,911 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €2,088 | €16,414 | +€14,326 | +686.2% |
| Income taxes | 67/77 | €3,467 | €5,991 | +€2,524 | +72.8% |
| Profit (loss) for the period | 9904 | -€1,379 | €10,423 | +€11,802 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,379 | €10,423 | +€11,802 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.