Schoenenhandel Daniel Devolder: 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
Schoenenhandel Daniel Devolder
NACE 47.721, Retail sale of footwear
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€97,458
2024 · €154,237-€56,780
Equity
€3.2m
2024 · €3.1m+€97,458
Cash
€197,019
2024 · €154,379+€42,640
Balance sheet total
€5.0m
2024 · €5.1m-€105,582
Largest movements
Assets
- Stocks and contracts -€115,424
down €115,424 (-2.9%), from €4.0m to €3.9m
Equity and liabilities
- Trade debts +€112,209
up €112,209 (+165.4%), from €67,857 to €180,067
- Debts after one year -€109,349
down €109,349 (-39.3%), from €278,493 to €169,144
- Short-term financial debts -€100,000
down €100,000 (-20.0%), from €500,000 to €400,000
- Reserves +€97,458
up €97,458 (+3.2%), from €3.0m to €3.1m
of which Distributable reserves: +€97,458
- Other debts -€71,698
down €71,698 (-8.0%), from €900,557 to €828,860
Income statement
- Gross operating margin -€124,232
down €124,232 (-16.2%), from €764,933 to €640,701
- Taxes -€34,112
down €34,112 (-42.1%), from €80,956 to €46,844
- Staff costs -€28,341
down €28,341 (-7.2%), from €394,060 to €365,719
- Depreciation -€24,588
down €24,588 (-32.7%), from €75,170 to €50,582
- Financial charges +€11,682
up €11,682 (+12.0%), from €97,646 to €109,328
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
€154,237
Gross operating margin
-€124,232
Staff costs
+€28,341
Depreciation
+€24,588
Other operating charges
-€989
Financial income
-€6,920
Financial charges
-€11,682
Taxes
+€34,112
Result 2025
€97,458
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
+€287,816
Investment
-€3,888
Financing
-€241,288
Cash 2024
€154,379
From operations (derived)
+€287,816
Net result for the year
+€97,458
Depreciation
+€50,582
Stocks and contracts
+€115,424
Receivables within one year
-€10,909
Deferred charges and accrued income
-€2,988
Trade debts
+€112,209
Tax, wage and social debts
-€7,097
Other debts
-€71,698
Accrued charges and deferred income
+€4,834
Investment (derived)
-€3,888
Investment in fixed assets (net)
-€35,748
Current investments
+€31,861
Financing
-€241,288
Debts after one year
-€109,349
Current portion of long-term debt
-€31,939
Short-term financial debts
-€100,000
Cash 2025
€197,019
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,113,742 | €5,008,161 | -€105,582 | -2.1% |
| Fixed assets | 21/28 | €845,012 | €830,179 | -€14,833 | -1.8% |
| Tangible fixed assets | 22/27 | €845,012 | €830,179 | -€14,833 | -1.8% |
| Land and buildings | 22 | €788,599 | €767,382 | -€21,218 | -2.7% |
| Plant, machinery and equipment | 23 | €16,864 | €10,466 | -€6,398 | -37.9% |
| Furniture and vehicles | 24 | €39,549 | €22,365 | -€17,185 | -43.5% |
| Assets under construction and advance payments | 27 | - | €29,967 | +€29,967 | |
| Current assets | 29/58 | €4,268,730 | €4,177,982 | -€90,748 | -2.1% |
| Stocks and contracts in progress | 3 | €3,985,543 | €3,870,120 | -€115,424 | -2.9% |
| Stocks | 30/36 | €3,985,543 | €3,870,120 | -€115,424 | -2.9% |
| Amounts receivable within one year | 40/41 | €83,200 | €94,109 | +€10,909 | +13.1% |
| Trade receivables | 40 | €78,017 | €75,927 | -€2,090 | -2.7% |
| Other amounts receivable | 41 | €5,183 | €18,182 | +€12,999 | +250.8% |
| Current investments | 50/53 | €31,861 | - | -€31,861 | |
| Cash at bank and in hand | 54/58 | €154,379 | €197,019 | +€42,640 | +27.6% |
| Deferred charges and accrued income | 490/1 | €13,747 | €16,734 | +€2,988 | +21.7% |
| Total equity and liabilities | 10/49 | €5,113,742 | €5,008,161 | -€105,582 | -2.1% |
| Equity | 10/15 | €3,070,160 | €3,167,618 | +€97,458 | +3.2% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Contributions outside capital | 11 | €31,000 | €31,000 | = | 0.0% |
| Other | 1109/19 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €3,039,160 | €3,136,618 | +€97,458 | +3.2% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,036,062 | €3,133,519 | +€97,458 | +3.2% |
| Amounts payable | 17/49 | €2,043,582 | €1,840,543 | -€203,039 | -9.9% |
| Amounts payable after more than one year | 17 | €278,493 | €169,144 | -€109,349 | -39.3% |
| Financial debts | 170/4 | €278,493 | €169,144 | -€109,349 | -39.3% |
| Amounts payable within one year | 42/48 | €1,749,150 | €1,650,626 | -€98,524 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €141,288 | €109,349 | -€31,939 | -22.6% |
| Financial debts | 43 | €500,000 | €400,000 | -€100,000 | -20.0% |
| Credit institutions | 430/8 | €500,000 | €400,000 | -€100,000 | -20.0% |
| Trade debts | 44 | €67,857 | €180,067 | +€112,209 | +165.4% |
| Suppliers | 440/4 | €67,857 | €180,067 | +€112,209 | +165.4% |
| Taxes, remuneration and social security | 45 | €139,447 | €132,350 | -€7,097 | -5.1% |
| Taxes | 450/3 | €51,101 | €51,504 | +€404 | +0.8% |
| Remuneration and social security | 454/9 | €88,346 | €80,846 | -€7,501 | -8.5% |
| Other amounts payable | 47/48 | €900,557 | €828,860 | -€71,698 | -8.0% |
| Accrued charges and deferred income | 492/3 | €15,939 | €20,774 | +€4,834 | +30.3% |
| Remuneration, social security and pensions | 62 | €394,060 | €365,719 | -€28,341 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,170 | €50,582 | -€24,588 | -32.7% |
| Other operating charges | 640/8 | €28,057 | €29,045 | +€989 | +3.5% |
| Gross operating margin | 9900 | €764,933 | €640,701 | -€124,232 | -16.2% |
| Operating profit (loss) | 9901 | €267,646 | €195,355 | -€72,291 | -27.0% |
| Financial income | 75/76B | €65,194 | €58,274 | -€6,920 | -10.6% |
| Recurring financial income | 75 | €65,194 | €58,274 | -€6,920 | -10.6% |
| Financial charges | 65/66B | €97,646 | €109,328 | +€11,682 | +12.0% |
| Recurring financial charges | 65 | €97,646 | €109,328 | +€11,682 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €235,193 | €144,301 | -€90,892 | -38.6% |
| Income taxes | 67/77 | €80,956 | €46,844 | -€34,112 | -42.1% |
| Profit (loss) for the period | 9904 | €154,237 | €97,458 | -€56,780 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,237 | €97,458 | -€56,780 | -36.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.