HANS EN ELS DEVOS: 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 EN ELS DEVOS
Largest movements
- Current investments +€524,151
up €524,151 (+349.4%), from €150,000 to €674,151
- Cash -€269,186
down €269,186 (-42.6%), from €632,444 to €363,258
mainly Current investments (-€524,151) and Receivables within one year (-€200,672)
- Receivables within one year +€200,672
up €200,672 (+2000.9%), from €10,029 to €210,702
of which Trade receivables: +€196,768
- Tangible fixed assets +€54,279
up €54,279 (+225.0%), from €24,126 to €78,405
of which Furniture and vehicles: +€57,200
- Reserves +€454,152
up €454,152 (+61.2%), from €742,329 to €1.2m
of which Distributable reserves: +€454,152
- Tax, wage and social debts +€37,114
up €37,114 (+92.6%), from €40,080 to €77,193
of which Taxes: +€45,397
- Trade debts +€17,445
up €17,445 (+274.3%), from €6,360 to €23,805
- Gross operating margin +€506,869
up €506,869 (+245.2%), from €206,750 to €713,619
- Taxes +€180,989
up €180,989 (+389.7%), from €46,438 to €227,427
- Staff costs -€22,205
down €22,205 (-40.4%), from €55,003 to €32,798
- Financial income +€12,949
up €12,949 (+2710.9%), from €478 to €13,426
- Depreciation -€8,461
down €8,461 (-62.5%), from €13,535 to €5,074
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 | €816,599 | €1,327,626 | +€511,026 | +62.6% |
| Fixed assets | 21/28 | €24,126 | €79,515 | +€55,389 | +229.6% |
| Tangible fixed assets | 22/27 | €24,126 | €78,405 | +€54,279 | +225.0% |
| Land and buildings | 22 | €23,179 | €20,257 | -€2,921 | -12.6% |
| Furniture and vehicles | 24 | €947 | €58,148 | +€57,200 | +6037.7% |
| Financial fixed assets | 28 | - | €1,110 | +€1,110 | |
| Current assets | 29/58 | €792,473 | €1,248,110 | +€455,637 | +57.5% |
| Amounts receivable within one year | 40/41 | €10,029 | €210,702 | +€200,672 | +2000.9% |
| Trade receivables | 40 | €10,029 | €206,797 | +€196,768 | +1961.9% |
| Other amounts receivable | 41 | - | €3,904 | +€3,904 | |
| Current investments | 50/53 | €150,000 | €674,151 | +€524,151 | +349.4% |
| Cash at bank and in hand | 54/58 | €632,444 | €363,258 | -€269,186 | -42.6% |
| Total equity and liabilities | 10/49 | €816,599 | €1,327,626 | +€511,026 | +62.6% |
| Equity | 10/15 | €760,929 | €1,215,082 | +€454,152 | +59.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €742,329 | €1,196,482 | +€454,152 | +61.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,750 | €29,750 | = | 0.0% |
| Distributable reserves | 133 | €710,719 | €1,164,872 | +€454,152 | +63.9% |
| Amounts payable | 17/49 | €55,670 | €112,544 | +€56,874 | +102.2% |
| Amounts payable within one year | 42/48 | €53,717 | €109,998 | +€56,281 | +104.8% |
| Trade debts | 44 | €6,360 | €23,805 | +€17,445 | +274.3% |
| Suppliers | 440/4 | €6,360 | €23,805 | +€17,445 | +274.3% |
| Taxes, remuneration and social security | 45 | €40,080 | €77,193 | +€37,114 | +92.6% |
| Taxes | 450/3 | €31,796 | €77,193 | +€45,397 | +142.8% |
| Remuneration and social security | 454/9 | €8,284 | - | -€8,284 | |
| Other amounts payable | 47/48 | €7,277 | €9,000 | +€1,723 | +23.7% |
| Accrued charges and deferred income | 492/3 | €1,953 | €2,546 | +€593 | +30.4% |
| Remuneration, social security and pensions | 62 | €55,003 | €32,798 | -€22,205 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,535 | €5,074 | -€8,461 | -62.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €352 | - | -€352 | |
| Other operating charges | 640/8 | €1,492 | €5,737 | +€4,246 | +284.6% |
| Gross operating margin | 9900 | €206,750 | €713,619 | +€506,869 | +245.2% |
| Operating profit (loss) | 9901 | €136,368 | €670,010 | +€533,642 | +391.3% |
| Financial income | 75/76B | €478 | €13,426 | +€12,949 | +2710.9% |
| Recurring financial income | 75 | €478 | €13,426 | +€12,949 | +2710.9% |
| Financial charges | 65/66B | €1,171 | €1,857 | +€686 | +58.6% |
| Recurring financial charges | 65 | €1,171 | €1,857 | +€686 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €135,675 | €681,579 | +€545,904 | +402.4% |
| Income taxes | 67/77 | €46,438 | €227,427 | +€180,989 | +389.7% |
| Profit (loss) for the period | 9904 | €89,237 | €454,152 | +€364,915 | +408.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,237 | €454,152 | +€364,915 | +408.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.