METAALWERKEN 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.
What changed
METAALWERKEN DEVOS
NACE 28.410, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€335,859
2024 · €339,697-€3,838
Equity
€3.3m
2024 · €3.1m+€185,859
Cash
€1.0m
2024 · €998,128+€37,280
Balance sheet total
€4.0m
2024 · €3.8m+€276,705
Largest movements
Assets
- Receivables within one year +€231,248
up €231,248 (+46.6%), from €496,267 to €727,516
of which Trade receivables: +€263,248
- Stocks and contracts -€107,778
down €107,778 (-15.7%), from €685,331 to €577,553
- Tangible fixed assets +€86,773
up €86,773 (+5.5%), from €1.6m to €1.7m
of which Plant, machinery and equipment: +€200,257
Equity and liabilities
- Profit (loss) carried forward +€185,859
up €185,859 (+6.3%), from €3.0m to €3.2m
- Other debts +€150,000
new in 2025: €150,000
- Debts after one year -€70,057
down €70,057 (-26.6%), from €262,958 to €192,901
- Short-term financial debts -€51,137
no longer reported in 2025 (was €51,137)
Income statement
- Write-downs +€101,549
up €101,549 (+2,422%), from €4,193 to €105,742
- Gross operating margin +€99,355
up €99,355 (+7.9%), from €1.3m to €1.4m
- Taxes -€72,855
down €72,855 (-61.8%), from €117,962 to €45,107
- Staff costs +€40,131
up €40,131 (+10.1%), from €398,287 to €438,418
- Depreciation +€30,571
up €30,571 (+8.4%), from €362,458 to €393,029
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
€339,697
Gross operating margin
+€99,355
Staff costs
-€40,131
Depreciation
-€30,571
Write-downs
-€101,549
Other operating charges
-€14,925
Financial income
+€10,625
Financial charges
+€503
Taxes
+€72,855
Result 2025
€335,859
raises the resultlowers the result
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.
From operations
+€778,122
Investment
-€489,361
Financing
-€251,482
Cash 2024
€998,128
From operations (derived)
+€778,122
Net result for the year
+€335,859
Depreciation
+€393,029
Stocks and contracts
+€107,778
Receivables within one year
-€231,248
Deferred charges and accrued income
-€19,622
Trade debts
+€31,658
Tax, wage and social debts
+€28,647
Other debts
+€150,000
Accrued charges and deferred income
-€17,977
Investment (derived)
-€489,361
Investment in fixed assets (net)
-€489,361
Financing
-€251,482
Debts after one year
-€70,057
Current portion of long-term debt
+€19,712
Short-term financial debts
-€51,137
Contributions, distributions and other
-€150,000
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,761,531 | €4,038,236 | +€276,705 | +7.4% |
| Fixed assets | 21/28 | €1,572,080 | €1,668,412 | +€96,332 | +6.1% |
| Intangible fixed assets | 21 | - | €9,559 | +€9,559 | |
| Tangible fixed assets | 22/27 | €1,572,038 | €1,658,811 | +€86,773 | +5.5% |
| Land and buildings | 22 | €406,963 | €389,086 | -€17,877 | -4.4% |
| Plant, machinery and equipment | 23 | €900,815 | €1,101,072 | +€200,257 | +22.2% |
| Furniture and vehicles | 24 | €264,260 | €168,653 | -€95,607 | -36.2% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €2,189,451 | €2,369,824 | +€180,373 | +8.2% |
| Stocks and contracts in progress | 3 | €685,331 | €577,553 | -€107,778 | -15.7% |
| Stocks | 30/36 | €685,331 | €577,553 | -€107,778 | -15.7% |
| Amounts receivable within one year | 40/41 | €496,267 | €727,516 | +€231,248 | +46.6% |
| Trade receivables | 40 | €414,267 | €677,516 | +€263,248 | +63.5% |
| Other amounts receivable | 41 | €82,000 | €50,000 | -€32,000 | -39.0% |
| Cash at bank and in hand | 54/58 | €998,128 | €1,035,408 | +€37,280 | +3.7% |
| Deferred charges and accrued income | 490/1 | €9,725 | €29,347 | +€19,622 | +202% |
| Total equity and liabilities | 10/49 | €3,761,531 | €4,038,236 | +€276,705 | +7.4% |
| Equity | 10/15 | €3,149,848 | €3,335,707 | +€185,859 | +5.9% |
| Contributions | 10/11 | €98,975 | €98,975 | = | 0.0% |
| Capital | 10 | €98,975 | €98,975 | = | 0.0% |
| Issued capital | 100 | €98,975 | €98,975 | = | 0.0% |
| Reserves | 13 | €83,000 | €83,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €83,000 | €83,000 | = | 0.0% |
| Legal reserve | 130 | €83,000 | €83,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,967,873 | €3,153,732 | +€185,859 | +6.3% |
| Amounts payable | 17/49 | €611,683 | €702,529 | +€90,846 | +14.9% |
| Amounts payable after more than one year | 17 | €262,958 | €192,901 | -€70,057 | -26.6% |
| Financial debts | 170/4 | €262,958 | €192,901 | -€70,057 | -26.6% |
| Amounts payable within one year | 42/48 | €329,999 | €508,879 | +€178,880 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €175,195 | €194,907 | +€19,712 | +11.3% |
| Financial debts | 43 | €51,137 | - | -€51,137 | |
| Credit institutions | 430/8 | €51,137 | - | -€51,137 | |
| Trade debts | 44 | €36,369 | €68,027 | +€31,658 | +87.0% |
| Suppliers | 440/4 | €36,369 | €68,027 | +€31,658 | +87.0% |
| Taxes, remuneration and social security | 45 | €67,299 | €95,945 | +€28,647 | +42.6% |
| Taxes | 450/3 | €16,572 | €32,282 | +€15,710 | +94.8% |
| Remuneration and social security | 454/9 | €50,727 | €63,663 | +€12,937 | +25.5% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Accrued charges and deferred income | 492/3 | €18,726 | €749 | -€17,977 | -96.0% |
| Remuneration, social security and pensions | 62 | €398,287 | €438,418 | +€40,131 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362,458 | €393,029 | +€30,571 | +8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,193 | €105,742 | +€101,549 | +2,422% |
| Other operating charges | 640/8 | €23,264 | €38,189 | +€14,925 | +64.2% |
| Gross operating margin | 9900 | €1,260,685 | €1,360,040 | +€99,355 | +7.9% |
| Operating profit (loss) | 9901 | €472,484 | €384,663 | -€87,821 | -18.6% |
| Financial income | 75/76B | €3,852 | €14,477 | +€10,625 | +276% |
| Recurring financial income | 75 | €3,852 | €14,477 | +€10,625 | +276% |
| Financial charges | 65/66B | €18,678 | €18,174 | -€503 | -2.7% |
| Recurring financial charges | 65 | €18,678 | €18,174 | -€503 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €457,659 | €380,966 | -€76,693 | -16.8% |
| Income taxes | 67/77 | €117,962 | €45,107 | -€72,855 | -61.8% |
| Profit (loss) for the period | 9904 | €339,697 | €335,859 | -€3,838 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €339,697 | €335,859 | -€3,838 | -1.1% |
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 14 October 2026 via checked.be.