JOS DEVRIENDT: 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.
JOS DEVRIENDT
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables within one year +€84,080
up €84,080 (+80.4%), from €104,540 to €188,620
of which Trade receivables: +€49,694
- Cash +€68,855
up €68,855 (+201%), from €34,174 to €103,030
mainly Current investments (+€100,000) and Trade debts (+€28,463)
- Stocks and contracts +€23,000
new in 2025: €23,000
- Receivables after one year -€17,500
down €17,500 (-100%), from €17,500 to €0
- Trade debts +€28,463
up €28,463 (+290%), from €9,808 to €38,271
- Debts after one year -€15,227
down €15,227 (-15.3%), from €99,804 to €84,577
- Reserves +€6,144
up €6,144 (+2.5%), from €247,161 to €253,304
of which Distributable reserves: +€6,144
- Gross operating margin -€6,244
down €6,244 (-6.5%), from €96,412 to €90,168
- Financial income -€5,111
down €5,111 (-70.1%), from €7,289 to €2,178
- Taxes -€2,215
down €2,215 (-30.2%), from €7,342 to €5,128
- Staff costs +€1,892
up €1,892 (+3.3%), from €57,226 to €59,119
- Depreciation +€1,238
up €1,238 (+7.9%), from €15,694 to €16,931
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 | €408,539 | €435,433 | +€26,894 | +6.6% |
| Fixed assets | 21/28 | €39,267 | €23,836 | -€15,431 | -39.3% |
| Tangible fixed assets | 22/27 | €39,267 | €23,836 | -€15,431 | -39.3% |
| Plant, machinery and equipment | 23 | €9,981 | €7,957 | -€2,024 | -20.3% |
| Furniture and vehicles | 24 | €23,100 | €10,601 | -€12,499 | -54.1% |
| Other tangible fixed assets | 26 | €6,186 | €5,278 | -€908 | -14.7% |
| Current assets | 29/58 | €369,272 | €411,597 | +€42,325 | +11.5% |
| Amounts receivable after more than one year | 29 | €17,500 | €0 | -€17,500 | -100% |
| Other amounts receivable | 291 | €17,500 | €0 | -€17,500 | -100% |
| Stocks and contracts in progress | 3 | - | €23,000 | +€23,000 | |
| Stocks | 30/36 | - | €23,000 | +€23,000 | |
| Amounts receivable within one year | 40/41 | €104,540 | €188,620 | +€84,080 | +80.4% |
| Trade receivables | 40 | €27,188 | €76,882 | +€49,694 | +183% |
| Other amounts receivable | 41 | €77,352 | €111,738 | +€34,386 | +44.5% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €34,174 | €103,030 | +€68,855 | +201% |
| Deferred charges and accrued income | 490/1 | €113,058 | €96,948 | -€16,110 | -14.2% |
| Total equity and liabilities | 10/49 | €408,539 | €435,433 | +€26,894 | +6.6% |
| Equity | 10/15 | €252,161 | €258,304 | +€6,144 | +2.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €247,161 | €253,304 | +€6,144 | +2.5% |
| Tax-exempt reserves | 132 | €94,725 | €94,725 | = | 0.0% |
| Distributable reserves | 133 | €152,436 | €158,579 | +€6,144 | +4.0% |
| Amounts payable | 17/49 | €156,378 | €177,128 | +€20,750 | +13.3% |
| Amounts payable after more than one year | 17 | €99,804 | €84,577 | -€15,227 | -15.3% |
| Financial debts | 170/4 | €99,804 | €84,577 | -€15,227 | -15.3% |
| Amounts payable within one year | 42/48 | €56,565 | €88,524 | +€31,960 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €14,876 | €15,227 | +€351 | +2.4% |
| Trade debts | 44 | €9,808 | €38,271 | +€28,463 | +290% |
| Suppliers | 440/4 | €9,808 | €38,271 | +€28,463 | +290% |
| Advances received on contracts in progress | 46 | €8,100 | €7,100 | -€1,000 | -12.3% |
| Taxes, remuneration and social security | 45 | €23,781 | €27,926 | +€4,145 | +17.4% |
| Taxes | 450/3 | €10,645 | €17,074 | +€6,430 | +60.4% |
| Remuneration and social security | 454/9 | €13,136 | €10,852 | -€2,285 | -17.4% |
| Accrued charges and deferred income | 492/3 | €10 | €4,027 | +€4,018 | +41,676% |
| Remuneration, social security and pensions | 62 | €57,226 | €59,119 | +€1,892 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,694 | €16,931 | +€1,238 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €70 | €140 | +€70 | +100% |
| Other operating charges | 640/8 | €1,418 | €1,462 | +€44 | +3.1% |
| Non-recurring operating charges | 66A | €733 | €475 | -€258 | -35.2% |
| Gross operating margin | 9900 | €96,412 | €90,168 | -€6,244 | -6.5% |
| Operating profit (loss) | 9901 | €21,271 | €12,041 | -€9,230 | -43.4% |
| Financial income | 75/76B | €7,289 | €2,178 | -€5,111 | -70.1% |
| Recurring financial income | 75 | €7,289 | €2,178 | -€5,111 | -70.1% |
| Financial charges | 65/66B | €3,291 | €2,948 | -€344 | -10.4% |
| Recurring financial charges | 65 | €3,291 | €2,948 | -€344 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €25,269 | €11,272 | -€13,997 | -55.4% |
| Income taxes | 67/77 | €7,342 | €5,128 | -€2,215 | -30.2% |
| Profit (loss) for the period | 9904 | €17,926 | €6,144 | -€11,783 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,926 | €6,144 | -€11,783 | -65.7% |
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 13 October 2026 via checked.be.