HANS DEVISSCHER: 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.
HANS DEVISSCHER
Largest movements
- Receivables within one year +€71,148
up €71,148 (+98.7%), from €72,071 to €143,219
of which Trade receivables: +€54,237
- Cash -€31,110
down €31,110 (-30.9%), from €100,758 to €69,648
mainly Receivables within one year (-€71,148) and Other debts (-€28,737)
- Tangible fixed assets -€3,528
down €3,528 (-26.7%), from €13,213 to €9,685
- Profit (loss) carried forward +€59,705
up €59,705, from -€55,189 to €4,516
- Other debts -€28,737
down €28,737 (-100%), from €28,737 to €0
- Tax, wage and social debts +€7,365
up €7,365 (+3,797%), from €194 to €7,559
- Gross operating margin +€32,679
up €32,679 (+88.4%), from €36,954 to €69,633
- Taxes +€5,330
up €5,330 (+3,355%), from €159 to €5,489
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 | €187,871 | €224,978 | +€37,107 | +19.8% |
| Fixed assets | 21/28 | €13,213 | €9,685 | -€3,528 | -26.7% |
| Tangible fixed assets | 22/27 | €13,213 | €9,685 | -€3,528 | -26.7% |
| Furniture and vehicles | 24 | €13,213 | €9,685 | -€3,528 | -26.7% |
| Current assets | 29/58 | €174,659 | €215,293 | +€40,635 | +23.3% |
| Stocks and contracts in progress | 3 | €1,687 | €2,426 | +€740 | +43.8% |
| Stocks | 30/36 | €1,687 | €2,426 | +€740 | +43.8% |
| Amounts receivable within one year | 40/41 | €72,071 | €143,219 | +€71,148 | +98.7% |
| Trade receivables | 40 | €71,239 | €125,476 | +€54,237 | +76.1% |
| Other amounts receivable | 41 | €832 | €17,743 | +€16,910 | +2,031% |
| Cash at bank and in hand | 54/58 | €100,758 | €69,648 | -€31,110 | -30.9% |
| Deferred charges and accrued income | 490/1 | €143 | €0 | -€143 | -100% |
| Total equity and liabilities | 10/49 | €187,871 | €224,978 | +€37,107 | +19.8% |
| Equity | 10/15 | €86,921 | €146,625 | +€59,705 | +68.7% |
| Contributions | 10/11 | €136,000 | €136,000 | = | 0.0% |
| Reserves | 13 | €6,109 | €6,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,009 | €4,009 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,189 | €4,516 | +€59,705 | |
| Amounts payable | 17/49 | €100,950 | €78,353 | -€22,598 | -22.4% |
| Amounts payable after more than one year | 17 | €16,449 | €16,449 | = | 0.0% |
| Other amounts payable | 178/9 | €16,449 | €16,449 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,502 | €61,904 | -€22,598 | -26.7% |
| Trade debts | 44 | €1,539 | €314 | -€1,225 | -79.6% |
| Suppliers | 440/4 | €1,539 | €314 | -€1,225 | -79.6% |
| Advances received on contracts in progress | 46 | €54,031 | €54,031 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €194 | €7,559 | +€7,365 | +3,797% |
| Taxes | 450/3 | €194 | €7,559 | +€7,365 | +3,797% |
| Other amounts payable | 47/48 | €28,737 | €0 | -€28,737 | -100% |
| Non-recurring operating income | 76A | €48 | €0 | -€48 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,528 | €3,528 | = | 0.0% |
| Other operating charges | 640/8 | €1,074 | €845 | -€229 | -21.3% |
| Gross operating margin | 9900 | €36,954 | €69,633 | +€32,679 | +88.4% |
| Operating profit (loss) | 9901 | €32,352 | €65,260 | +€32,908 | +102% |
| Financial income | 75/76B | €20 | €6 | -€14 | -71.9% |
| Recurring financial income | 75 | €20 | €6 | -€14 | -71.9% |
| Financial charges | 65/66B | €85 | €72 | -€13 | -15.0% |
| Recurring financial charges | 65 | €85 | €72 | -€13 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €32,287 | €65,193 | +€32,907 | +102% |
| Income taxes | 67/77 | €159 | €5,489 | +€5,330 | +3,355% |
| Profit (loss) for the period | 9904 | €32,128 | €59,705 | +€27,577 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,128 | €59,705 | +€27,577 | +85.8% |
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 25 October 2026 via checked.be.