LIEVEN 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.
What changed
LIEVEN DEVOS
NACE 25.530, Machining of metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €1.8m-€209,421
Equity
€17.2m
2024 · €15.6m+€1.6m
Cash
€4.7m
2024 · €1.7m+€3.0m
Balance sheet total
€18.2m
2024 · €17.3m+€889,351
Largest movements
Assets
- Current investments -€3.7m
down €3.7m (-73.4%), from €5.1m to €1.4m
- Cash +€3.0m
up €3.0m (+181.9%), from €1.7m to €4.7m
mainly Current investments (+€3.7m) and Net result for the year (+€1.6m)
- Receivables within one year +€1.5m
up €1.5m (+18.7%), from €8.1m to €9.7m
of which Other amounts receivable: +€1.8m
- Stocks and contracts +€203,719
up €203,719 (+12.6%), from €1.6m to €1.8m
Equity and liabilities
- Profit (loss) carried forward +€2.7m
up €2.7m (+19.3%), from €13.8m to €16.5m
- Reserves -€1.1m
down €1.1m (-62.3%), from €1.7m to €637,080
of which Tax-exempt reserves: -€1.1m
- Trade debts -€544,074
down €544,074 (-61.7%), from €881,451 to €337,378
- Other debts -€264,807
down €264,807 (-100.0%), from €264,807 to €0
Income statement
- Turnover -€1.3m
down €1.3m (-10.0%), from €12.7m to €11.5m
- Goods and materials -€982,586
down €982,586 (-18.1%), from €5.4m to €4.5m
of which Purchases: -€867,725
- Services and other goods -€170,051
down €170,051 (-6.4%), from €2.6m to €2.5m
- Staff costs +€151,422
up €151,422 (+6.5%), from €2.3m to €2.5m
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.
Result 2024
€1.8m
Turnover
-€1.3m
Other operating income
+€87,944
Goods and materials
+€982,586
Services and other goods
+€170,051
Staff costs
-€151,422
Depreciation
+€36,078
Write-downs
-€1,273
Other operating charges
+€6,365
Other operating items
-€7,000
Financial income
-€76,873
Financial charges
+€9,596
Taxes
+€7,318
Result 2025
€1.6m
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.
From operations
-€553,344
Investment
+€3.6m
Financing
€0
Cash 2024
€1.7m
From operations (derived)
-€553,344
Net result for the year
+€1.6m
Depreciation
+€269,216
Receivables after one year
+€16,250
Stocks and contracts
-€203,719
Receivables within one year
-€1.5m
Deferred charges and accrued income
-€580
Trade debts
-€544,074
Tax, wage and social debts
+€132,789
Other debts
-€264,807
Accrued charges and deferred income
-€50,630
Investment (derived)
+€3.6m
Investment in fixed assets (net)
-€127,405
Current investments
+€3.7m
Cash 2025
€4.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,271,029 | €18,160,380 | +€889,351 | +5.1% |
| Fixed assets | 21/28 | €644,325 | €502,514 | -€141,811 | -22.0% |
| Tangible fixed assets | 22/27 | €644,325 | €502,514 | -€141,811 | -22.0% |
| Plant, machinery and equipment | 23 | €488,176 | €276,586 | -€211,589 | -43.3% |
| Furniture and vehicles | 24 | €148,121 | €138,788 | -€9,333 | -6.3% |
| Leasing and similar rights | 25 | €3,394 | €9,366 | +€5,972 | +176.0% |
| Assets under construction and advance payments | 27 | €4,634 | €77,773 | +€73,139 | +1578.3% |
| Current assets | 29/58 | €16,626,704 | €17,657,866 | +€1.0m | +6.2% |
| Amounts receivable after more than one year | 29 | €51,250 | €35,000 | -€16,250 | -31.7% |
| Other amounts receivable | 291 | €51,250 | €35,000 | -€16,250 | -31.7% |
| Stocks and contracts in progress | 3 | €1,611,470 | €1,815,189 | +€203,719 | +12.6% |
| Stocks | 30/36 | €1,611,470 | €1,815,189 | +€203,719 | +12.6% |
| Raw materials and consumables | 30/31 | €1,362,427 | €1,599,863 | +€237,436 | +17.4% |
| Goods purchased for resale | 34 | €249,043 | €215,326 | -€33,717 | -13.5% |
| Amounts receivable within one year | 40/41 | €8,140,776 | €9,664,637 | +€1.5m | +18.7% |
| Trade receivables | 40 | €2,226,639 | €1,925,967 | -€300,672 | -13.5% |
| Other amounts receivable | 41 | €5,914,137 | €7,738,670 | +€1.8m | +30.9% |
| Current investments | 50/53 | €5,075,000 | €1,350,000 | -€3.7m | -73.4% |
| Other investments | 51/53 | €5,075,000 | €1,350,000 | -€3.7m | -73.4% |
| Cash at bank and in hand | 54/58 | €1,673,257 | €4,717,508 | +€3.0m | +181.9% |
| Deferred charges and accrued income | 490/1 | €74,951 | €75,531 | +€580 | +0.8% |
| Total equity and liabilities | 10/49 | €17,271,029 | €18,160,380 | +€889,351 | +5.1% |
| Equity | 10/15 | €15,550,569 | €17,166,642 | +€1.6m | +10.4% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €1,689,580 | €637,080 | -€1.1m | -62.3% |
| Tax-exempt reserves | 132 | €1,684,000 | €631,500 | -€1.1m | -62.5% |
| Distributable reserves | 133 | €5,580 | €5,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,805,189 | €16,473,762 | +€2.7m | +19.3% |
| Amounts payable | 17/49 | €1,720,459 | €993,738 | -€726,721 | -42.2% |
| Amounts payable within one year | 42/48 | €1,669,829 | €993,738 | -€676,091 | -40.5% |
| Trade debts | 44 | €881,451 | €337,378 | -€544,074 | -61.7% |
| Suppliers | 440/4 | €881,451 | €337,378 | -€544,074 | -61.7% |
| Taxes, remuneration and social security | 45 | €523,571 | €656,360 | +€132,789 | +25.4% |
| Taxes | 450/3 | €175,749 | €305,641 | +€129,892 | +73.9% |
| Remuneration and social security | 454/9 | €347,823 | €350,719 | +€2,896 | +0.8% |
| Other amounts payable | 47/48 | €264,807 | €0 | -€264,807 | -100.0% |
| Accrued charges and deferred income | 492/3 | €50,630 | €0 | -€50,630 | -100.0% |
| Operating income | 70/76A | €12,893,353 | €11,701,507 | -€1.2m | -9.2% |
| Turnover | 70 | €12,745,669 | €11,472,879 | -€1.3m | -10.0% |
| Other operating income | 74 | €140,684 | €228,628 | +€87,944 | +62.5% |
| Non-recurring operating income | 76A | €7,000 | €0 | -€7,000 | -100.0% |
| Operating charges | 60/66A | €10,771,484 | €9,729,099 | -€1.0m | -9.7% |
| Goods for resale, raw materials and consumables | 60 | €5,437,806 | €4,455,220 | -€982,586 | -18.1% |
| Purchases | 600/8 | €5,526,663 | €4,658,939 | -€867,725 | -15.7% |
| Change in stocks: decrease (increase) | 609 | -€88,857 | -€203,719 | -€114,862 | -129.3% |
| Services and other goods | 61 | €2,643,872 | €2,473,821 | -€170,051 | -6.4% |
| Remuneration, social security and pensions | 62 | €2,324,801 | €2,476,223 | +€151,422 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,294 | €269,216 | -€36,078 | -11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,273 | +€1,273 | |
| Other operating charges | 640/8 | €59,711 | €53,346 | -€6,365 | -10.7% |
| Operating profit (loss) | 9901 | €2,121,869 | €1,972,408 | -€149,461 | -7.0% |
| Financial income | 75/76B | €367,707 | €290,833 | -€76,873 | -20.9% |
| Recurring financial income | 75 | €367,707 | €290,833 | -€76,873 | -20.9% |
| Income from current assets | 751 | €358,309 | €260,606 | -€97,703 | -27.3% |
| Other financial income | 752/9 | €9,398 | €30,227 | +€20,829 | +221.6% |
| Financial charges | 65/66B | €34,662 | €25,065 | -€9,596 | -27.7% |
| Recurring financial charges | 65 | €34,662 | €25,065 | -€9,596 | -27.7% |
| Debt charges | 650 | €2,453 | €5 | -€2,448 | -99.8% |
| Other financial charges | 652/9 | €32,208 | €25,060 | -€7,148 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €2,454,914 | €2,238,176 | -€216,738 | -8.8% |
| Income taxes | 67/77 | €629,421 | €622,104 | -€7,318 | -1.2% |
| Taxes | 670/3 | €629,421 | €622,104 | -€7,318 | -1.2% |
| Profit (loss) for the period | 9904 | €1,825,493 | €1,616,072 | -€209,421 | -11.5% |
| Transfer from tax-exempt reserves | 789 | €467,679 | €1,052,500 | +€584,821 | +125.0% |
| Transfer to tax-exempt reserves | 689 | €631,500 | €0 | -€631,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,661,672 | €2,668,572 | +€1.0m | +60.6% |
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 2 October 2026 via checked.be.