Régis Devallée: 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.
Régis Devallée
Largest movements
- Cash +€21,504
up €21,504 (+47.6%), from €45,224 to €66,729
mainly Accrued charges and deferred income (+€14,880) and Depreciation (+€4,829)
- Tangible fixed assets -€4,829
down €4,829 (-4.0%), from €120,255 to €115,425
- Accrued charges and deferred income +€14,880
new in 2025: €14,880
- Depreciation -€645
down €645 (-11.8%), from €5,474 to €4,829
- Gross operating margin -€408
down €408 (-4.3%), from €9,430 to €9,022
- Other operating charges -€316
down €316 (-11.9%), from €2,659 to €2,343
- Taxes +€137
up €137 (+45.9%), from €298 to €435
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 | €165,529 | €182,204 | +€16,675 | +10.1% |
| Fixed assets | 21/28 | €120,305 | €115,475 | -€4,829 | -4.0% |
| Tangible fixed assets | 22/27 | €120,255 | €115,425 | -€4,829 | -4.0% |
| Land and buildings | 22 | €120,255 | €115,425 | -€4,829 | -4.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €45,224 | €66,729 | +€21,504 | +47.6% |
| Cash at bank and in hand | 54/58 | €45,224 | €66,729 | +€21,504 | +47.6% |
| Total equity and liabilities | 10/49 | €165,529 | €182,204 | +€16,675 | +10.1% |
| Equity | 10/15 | €163,229 | €164,423 | +€1,194 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,231 | €7,231 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,621 | €1,621 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,621 | €1,621 | = | 0.0% |
| Distributable reserves | 133 | €5,610 | €5,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,398 | €138,592 | +€1,194 | +0.9% |
| Amounts payable | 17/49 | €2,300 | €17,781 | +€15,481 | +673% |
| Amounts payable within one year | 42/48 | €2,300 | €2,901 | +€601 | +26.1% |
| Trade debts | 44 | - | €166 | +€166 | |
| Suppliers | 440/4 | - | €166 | +€166 | |
| Taxes, remuneration and social security | 45 | €298 | €733 | +€435 | +146% |
| Taxes | 450/3 | €298 | €733 | +€435 | +146% |
| Other amounts payable | 47/48 | €2,002 | €2,002 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €14,880 | +€14,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,474 | €4,829 | -€645 | -11.8% |
| Other operating charges | 640/8 | €2,659 | €2,343 | -€316 | -11.9% |
| Gross operating margin | 9900 | €9,430 | €9,022 | -€408 | -4.3% |
| Operating profit (loss) | 9901 | €1,297 | €1,850 | +€553 | +42.6% |
| Financial charges | 65/66B | €203 | €221 | +€17 | +8.5% |
| Recurring financial charges | 65 | €203 | €221 | +€17 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €1,094 | €1,629 | +€535 | +48.9% |
| Income taxes | 67/77 | €298 | €435 | +€137 | +45.9% |
| Profit (loss) for the period | 9904 | €796 | €1,194 | +€399 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €796 | €1,194 | +€399 | +50.1% |
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 16 October 2026 via checked.be.