IR NICO 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.
IR NICO DEVOS
Largest movements
- Tangible fixed assets -€14,655
down €14,655 (-26.5%), from €55,271 to €40,616
of which Furniture and vehicles: -€14,182
- Stocks and contracts +€10,031
up €10,031 (+62.8%), from €15,983 to €26,014
- Receivables within one year +€2,537
up €2,537 (+35.6%), from €7,124 to €9,660
of which Other amounts receivable: +€1,602
- Cash +€1,010
up €1,010 (+9.3%), from €10,885 to €11,895
mainly Depreciation (+€14,655) and Trade debts (+€6,329)
- Trade debts +€6,329
up €6,329 (+151.3%), from €4,182 to €10,511
- Tax, wage and social debts -€2,939
down €2,939 (-65.3%), from €4,502 to €1,562
of which Taxes: -€1,639
- Other debts -€1,630
down €1,630 (-3.7%), from €43,577 to €41,947
- Reserves -€1,621
down €1,621 (-6.0%), from €27,172 to €25,551
- Accrued charges and deferred income -€1,024
down €1,024 (-72.3%), from €1,416 to €393
- Depreciation +€1,609
up €1,609 (+12.3%), from €13,046 to €14,655
- Financial income -€246
down €246 (-35.0%), from €703 to €457
- Gross operating margin -€149
down €149 (-1.1%), from €13,321 to €13,172
- Other operating charges -€143
down €143 (-22.5%), from €637 to €494
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 | €93,250 | €92,364 | -€886 | -0.9% |
| Fixed assets | 21/28 | €55,271 | €40,616 | -€14,655 | -26.5% |
| Tangible fixed assets | 22/27 | €55,271 | €40,616 | -€14,655 | -26.5% |
| Plant, machinery and equipment | 23 | €1,911 | €1,438 | -€473 | -24.7% |
| Furniture and vehicles | 24 | €53,360 | €39,178 | -€14,182 | -26.6% |
| Current assets | 29/58 | €37,979 | €51,748 | +€13,770 | +36.3% |
| Stocks and contracts in progress | 3 | €15,983 | €26,014 | +€10,031 | +62.8% |
| Stocks | 30/36 | €15,983 | €26,014 | +€10,031 | +62.8% |
| Amounts receivable within one year | 40/41 | €7,124 | €9,660 | +€2,537 | +35.6% |
| Trade receivables | 40 | €6,787 | €7,721 | +€934 | +13.8% |
| Other amounts receivable | 41 | €337 | €1,939 | +€1,602 | +475.8% |
| Cash at bank and in hand | 54/58 | €10,885 | €11,895 | +€1,010 | +9.3% |
| Deferred charges and accrued income | 490/1 | €3,987 | €4,179 | +€192 | +4.8% |
| Total equity and liabilities | 10/49 | €93,250 | €92,364 | -€886 | -0.9% |
| Equity | 10/15 | €39,572 | €37,951 | -€1,621 | -4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,172 | €25,551 | -€1,621 | -6.0% |
| Distributable reserves | 133 | €27,172 | €25,551 | -€1,621 | -6.0% |
| Amounts payable | 17/49 | €53,678 | €54,413 | +€736 | +1.4% |
| Amounts payable within one year | 42/48 | €52,261 | €54,020 | +€1,759 | +3.4% |
| Trade debts | 44 | €4,182 | €10,511 | +€6,329 | +151.3% |
| Suppliers | 440/4 | €4,182 | €10,511 | +€6,329 | +151.3% |
| Taxes, remuneration and social security | 45 | €4,502 | €1,562 | -€2,939 | -65.3% |
| Taxes | 450/3 | €3,202 | €1,562 | -€1,639 | -51.2% |
| Remuneration and social security | 454/9 | €1,300 | €0 | -€1,300 | -100.0% |
| Other amounts payable | 47/48 | €43,577 | €41,947 | -€1,630 | -3.7% |
| Accrued charges and deferred income | 492/3 | €1,416 | €393 | -€1,024 | -72.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,046 | €14,655 | +€1,609 | +12.3% |
| Other operating charges | 640/8 | €637 | €494 | -€143 | -22.5% |
| Gross operating margin | 9900 | €13,321 | €13,172 | -€149 | -1.1% |
| Operating profit (loss) | 9901 | -€362 | -€1,977 | -€1,615 | -445.7% |
| Financial income | 75/76B | €703 | €457 | -€246 | -35.0% |
| Recurring financial income | 75 | €703 | €457 | -€246 | -35.0% |
| Financial charges | 65/66B | €151 | €43 | -€108 | -71.3% |
| Recurring financial charges | 65 | €151 | €43 | -€108 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €189 | -€1,564 | -€1,753 | |
| Income taxes | 67/77 | €134 | €57 | -€77 | -57.4% |
| Profit (loss) for the period | 9904 | €55 | -€1,621 | -€1,676 | |
| Profit (loss) for the period to be appropriated | 9905 | €55 | -€1,621 | -€1,676 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.