Devriendt: 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.
Devriendt
Largest movements
- Intangible fixed assets -€22,000
down €22,000 (-24.0%), from €91,667 to €69,667
- Tangible fixed assets +€16,418
up €16,418 (+7.3%), from €225,292 to €241,710
of which Furniture and vehicles: +€18,181
- Receivables within one year -€12,221
down €12,221 (-47.3%), from €25,814 to €13,593
of which Other amounts receivable: -€11,967
- Cash +€6,046
up €6,046 (+3.4%), from €178,995 to €185,041
mainly Net result for the year (+€49,084) and Depreciation (+€43,669)
- Reserves +€48,000
up €48,000 (+44.5%), from €107,926 to €155,926
of which Distributable reserves: +€48,000
- Other debts -€42,666
down €42,666 (-70.5%), from €60,521 to €17,854
- Tax, wage and social debts -€12,253
down €12,253 (-49.8%), from €24,618 to €12,365
of which Remuneration and social security: -€12,762
- Gross operating margin -€17,293
down €17,293 (-5.9%), from €294,832 to €277,539
- Staff costs -€10,716
down €10,716 (-6.7%), from €159,215 to €148,499
- Depreciation +€6,176
up €6,176 (+16.5%), from €37,493 to €43,669
- Taxes -€4,260
down €4,260 (-16.4%), from €26,015 to €21,755
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 | €555,254 | €545,440 | -€9,814 | -1.8% |
| Fixed assets | 21/28 | €316,959 | €311,376 | -€5,582 | -1.8% |
| Intangible fixed assets | 21 | €91,667 | €69,667 | -€22,000 | -24.0% |
| Tangible fixed assets | 22/27 | €225,292 | €241,710 | +€16,418 | +7.3% |
| Land and buildings | 22 | €219,807 | €218,044 | -€1,763 | -0.8% |
| Furniture and vehicles | 24 | €3,245 | €21,426 | +€18,181 | +560% |
| Other tangible fixed assets | 26 | €2,240 | €2,240 | = | 0.0% |
| Current assets | 29/58 | €238,295 | €234,063 | -€4,232 | -1.8% |
| Amounts receivable within one year | 40/41 | €25,814 | €13,593 | -€12,221 | -47.3% |
| Trade receivables | 40 | €254 | €0 | -€254 | -100% |
| Other amounts receivable | 41 | €25,559 | €13,593 | -€11,967 | -46.8% |
| Cash at bank and in hand | 54/58 | €178,995 | €185,041 | +€6,046 | +3.4% |
| Deferred charges and accrued income | 490/1 | €33,487 | €35,430 | +€1,943 | +5.8% |
| Total equity and liabilities | 10/49 | €555,254 | €545,440 | -€9,814 | -1.8% |
| Equity | 10/15 | €454,617 | €503,701 | +€49,084 | +10.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €107,926 | €155,926 | +€48,000 | +44.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,726 | €39,726 | = | 0.0% |
| Distributable reserves | 133 | €62,000 | €110,000 | +€48,000 | +77.4% |
| Profit (loss) carried forward | 14 | €284,691 | €285,775 | +€1,084 | +0.4% |
| Amounts payable | 17/49 | €100,637 | €41,739 | -€58,898 | -58.5% |
| Amounts payable within one year | 42/48 | €100,441 | €41,089 | -€59,352 | -59.1% |
| Trade debts | 44 | €15,302 | €10,869 | -€4,433 | -29.0% |
| Suppliers | 440/4 | €15,302 | €10,869 | -€4,433 | -29.0% |
| Taxes, remuneration and social security | 45 | €24,618 | €12,365 | -€12,253 | -49.8% |
| Taxes | 450/3 | €656 | €1,165 | +€509 | +77.6% |
| Remuneration and social security | 454/9 | €23,962 | €11,200 | -€12,762 | -53.3% |
| Other amounts payable | 47/48 | €60,521 | €17,854 | -€42,666 | -70.5% |
| Accrued charges and deferred income | 492/3 | €196 | €650 | +€454 | +231% |
| Remuneration, social security and pensions | 62 | €159,215 | €148,499 | -€10,716 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,493 | €43,669 | +€6,176 | +16.5% |
| Other operating charges | 640/8 | €8,161 | €10,376 | +€2,215 | +27.1% |
| Gross operating margin | 9900 | €294,832 | €277,539 | -€17,293 | -5.9% |
| Operating profit (loss) | 9901 | €89,961 | €74,994 | -€14,967 | -16.6% |
| Financial income | 75/76B | €1,739 | €955 | -€785 | -45.1% |
| Recurring financial income | 75 | €1,739 | €955 | -€785 | -45.1% |
| Financial charges | 65/66B | €3,075 | €5,110 | +€2,035 | +66.2% |
| Recurring financial charges | 65 | €3,075 | €5,110 | +€2,035 | +66.2% |
| Profit (loss) for the period before taxes | 9903 | €88,626 | €70,839 | -€17,787 | -20.1% |
| Income taxes | 67/77 | €26,015 | €21,755 | -€4,260 | -16.4% |
| Profit (loss) for the period | 9904 | €62,611 | €49,084 | -€13,527 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,611 | €49,084 | -€13,527 | -21.6% |
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 29 October 2026 via checked.be.