MEUBELEN DEVRIESE: 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.
MEUBELEN DEVRIESE
Largest movements
- Receivables within one year +€222,875
up €222,875 (+136.6%), from €163,200 to €386,075
of which Trade receivables: +€164,540
- Cash -€61,766
down €61,766 (-18.3%), from €337,677 to €275,911
mainly Receivables within one year (-€222,875) and Other debts (-€126,141)
- Stocks and contracts +€45,976
up €45,976 (+13.2%), from €348,254 to €394,229
- Tangible fixed assets -€14,594
down €14,594 (-4.5%), from €321,845 to €307,251
of which Land and buildings: -€28,564
- Advances received +€295,000
new in 2025: €295,000
- Other debts -€126,141
down €126,141 (-59.3%), from €212,728 to €86,587
- Trade debts +€51,049
up €51,049 (+118.4%), from €43,132 to €94,181
- Debts after one year -€43,117
down €43,117 (-10.5%), from €409,667 to €366,550
- Reserves +€35,609
up €35,609 (+10.8%), from €328,579 to €364,188
of which Distributable reserves: +€35,609
- Gross operating margin +€32,937
up €32,937 (+3.5%), from €947,964 to €980,901
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 | €1,183,384 | €1,369,159 | +€185,774 | +15.7% |
| Fixed assets | 21/28 | €330,324 | €310,582 | -€19,742 | -6.0% |
| Intangible fixed assets | 21 | €6,066 | €919 | -€5,147 | -84.9% |
| Tangible fixed assets | 22/27 | €321,845 | €307,251 | -€14,594 | -4.5% |
| Land and buildings | 22 | €214,863 | €186,299 | -€28,564 | -13.3% |
| Plant, machinery and equipment | 23 | €42,261 | €77,581 | +€35,320 | +83.6% |
| Furniture and vehicles | 24 | €64,721 | €37,871 | -€26,850 | -41.5% |
| Other tangible fixed assets | 26 | - | €5,500 | +€5,500 | |
| Financial fixed assets | 28 | €2,412 | €2,412 | = | 0.0% |
| Current assets | 29/58 | €853,061 | €1,058,577 | +€205,516 | +24.1% |
| Stocks and contracts in progress | 3 | €348,254 | €394,229 | +€45,976 | +13.2% |
| Stocks | 30/36 | €348,254 | €394,229 | +€45,976 | +13.2% |
| Amounts receivable within one year | 40/41 | €163,200 | €386,075 | +€222,875 | +136.6% |
| Trade receivables | 40 | €148,118 | €312,658 | +€164,540 | +111.1% |
| Other amounts receivable | 41 | €15,083 | €73,417 | +€58,335 | +386.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €337,677 | €275,911 | -€61,766 | -18.3% |
| Deferred charges and accrued income | 490/1 | €3,929 | €2,362 | -€1,568 | -39.9% |
| Total equity and liabilities | 10/49 | €1,183,384 | €1,369,159 | +€185,774 | +15.7% |
| Equity | 10/15 | €359,579 | €395,188 | +€35,609 | +9.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €328,579 | €364,188 | +€35,609 | +10.8% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €314,579 | €350,188 | +€35,609 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €823,806 | €973,971 | +€150,165 | +18.2% |
| Amounts payable after more than one year | 17 | €409,667 | €366,550 | -€43,117 | -10.5% |
| Financial debts | 170/4 | €409,667 | €366,550 | -€43,117 | -10.5% |
| Amounts payable within one year | 42/48 | €414,139 | €607,420 | +€193,281 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €77,261 | €43,100 | -€34,161 | -44.2% |
| Trade debts | 44 | €43,132 | €94,181 | +€51,049 | +118.4% |
| Suppliers | 440/4 | €43,132 | €94,181 | +€51,049 | +118.4% |
| Advances received on contracts in progress | 46 | - | €295,000 | +€295,000 | |
| Taxes, remuneration and social security | 45 | €81,018 | €88,553 | +€7,535 | +9.3% |
| Taxes | 450/3 | €6,969 | €8,016 | +€1,047 | +15.0% |
| Remuneration and social security | 454/9 | €74,048 | €80,536 | +€6,488 | +8.8% |
| Other amounts payable | 47/48 | €212,728 | €86,587 | -€126,141 | -59.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €8,413 | +€8,413 | |
| Remuneration, social security and pensions | 62 | €726,601 | €718,532 | -€8,069 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,138 | €79,632 | +€6,493 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,439 | €11,870 | -€569 | -4.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €947,964 | €980,901 | +€32,937 | +3.5% |
| Operating profit (loss) | 9901 | €135,786 | €170,868 | +€35,082 | +25.8% |
| Financial income | 75/76B | €16,891 | €9,365 | -€7,525 | -44.6% |
| Recurring financial income | 75 | €16,891 | €9,365 | -€7,525 | -44.6% |
| Financial charges | 65/66B | €30,227 | €21,778 | -€8,449 | -28.0% |
| Recurring financial charges | 65 | €30,227 | €21,778 | -€8,449 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €122,450 | €158,456 | +€36,006 | +29.4% |
| Income taxes | 67/77 | €39,062 | €47,846 | +€8,784 | +22.5% |
| Profit (loss) for the period | 9904 | €83,388 | €110,609 | +€27,222 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,388 | €110,609 | +€27,222 | +32.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.