DEVOS RISK & BENEFITS: 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.
DEVOS RISK & BENEFITS
Largest movements
- Cash +€290,311
up €290,311 (+216.0%), from €134,413 to €424,724
mainly Current investments (+€250,000) and Net result for the year (+€219,204)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Tangible fixed assets +€107,359
up €107,359 (+82.5%), from €130,211 to €237,571
of which Furniture and vehicles: +€85,698
- Receivables within one year +€75,922
up €75,922 (+54.9%), from €138,206 to €214,128
of which Trade receivables: +€77,054
- Profit (loss) carried forward +€165,850
up €165,850 (+63.5%), from €261,101 to €426,952
- Accrued charges and deferred income +€102,893
up €102,893 (+45.9%), from €223,960 to €326,854
- Trade debts -€62,948
down €62,948 (-98.4%), from €63,979 to €1,030
- Other debts +€10,082
up €10,082 (+28.3%), from €35,588 to €45,671
- Gross operating margin +€53,997
up €53,997 (+15.7%), from €343,905 to €397,902
- Staff costs +€21,266
up €21,266 (+46.9%), from €45,354 to €66,620
- Depreciation +€10,498
up €10,498 (+37.0%), from €28,400 to €38,897
- Financial income +€5,625
up €5,625 (+730.0%), from €771 to €6,395
of which Financial income: +€6,395
- Taxes +€5,268
up €5,268 (+7.4%), from €70,736 to €76,004
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 | €750,545 | €966,504 | +€215,959 | +28.8% |
| Fixed assets | 21/28 | €130,211 | €237,571 | +€107,359 | +82.5% |
| Tangible fixed assets | 22/27 | €130,211 | €237,571 | +€107,359 | +82.5% |
| Furniture and vehicles | 24 | €88,763 | €174,460 | +€85,698 | +96.5% |
| Other tangible fixed assets | 26 | €23,707 | €62,261 | +€38,554 | +162.6% |
| Assets under construction and advance payments | 27 | €17,742 | €850 | -€16,892 | -95.2% |
| Current assets | 29/58 | €620,334 | €728,933 | +€108,599 | +17.5% |
| Amounts receivable after more than one year | 29 | - | €896 | +€896 | |
| Trade receivables | 290 | - | €896 | +€896 | |
| Amounts receivable within one year | 40/41 | €138,206 | €214,128 | +€75,922 | +54.9% |
| Trade receivables | 40 | €137,015 | €214,070 | +€77,054 | +56.2% |
| Other amounts receivable | 41 | €1,191 | €59 | -€1,132 | -95.1% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €134,413 | €424,724 | +€290,311 | +216.0% |
| Deferred charges and accrued income | 490/1 | €97,714 | €89,184 | -€8,530 | -8.7% |
| Total equity and liabilities | 10/49 | €750,545 | €966,504 | +€215,959 | +28.8% |
| Equity | 10/15 | €378,401 | €544,252 | +€165,850 | +43.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €117,200 | €117,200 | = | 0.0% |
| Distributable reserves | 133 | €117,200 | €117,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €261,101 | €426,952 | +€165,850 | +63.5% |
| Amounts payable | 17/49 | €372,144 | €422,252 | +€50,108 | +13.5% |
| Amounts payable within one year | 42/48 | €148,183 | €95,398 | -€52,785 | -35.6% |
| Trade debts | 44 | €63,979 | €1,030 | -€62,948 | -98.4% |
| Suppliers | 440/4 | €63,979 | €1,030 | -€62,948 | -98.4% |
| Taxes, remuneration and social security | 45 | €48,617 | €48,697 | +€81 | +0.2% |
| Taxes | 450/3 | €48,032 | €48,697 | +€666 | +1.4% |
| Remuneration and social security | 454/9 | €585 | - | -€585 | |
| Other amounts payable | 47/48 | €35,588 | €45,671 | +€10,082 | +28.3% |
| Accrued charges and deferred income | 492/3 | €223,960 | €326,854 | +€102,893 | +45.9% |
| Non-recurring operating income | 76A | €8,400 | €559 | -€7,841 | -93.3% |
| Remuneration, social security and pensions | 62 | €45,354 | €66,620 | +€21,266 | +46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,400 | €38,897 | +€10,498 | +37.0% |
| Other operating charges | 640/8 | €4,746 | €2,100 | -€2,647 | -55.8% |
| Non-recurring operating charges | 66A | - | €1,131 | +€1,131 | |
| Gross operating margin | 9900 | €343,905 | €397,902 | +€53,997 | +15.7% |
| Operating profit (loss) | 9901 | €265,405 | €289,154 | +€23,748 | +8.9% |
| Financial income | 75/76B | €771 | €6,395 | +€5,625 | +730.0% |
| Recurring financial income | 75 | €0 | €6,395 | +€6,395 | +63952500.0% |
| Non-recurring financial income | 76B | €770 | - | -€770 | |
| Financial charges | 65/66B | €472 | €340 | -€132 | -27.9% |
| Recurring financial charges | 65 | €472 | €340 | -€132 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €265,703 | €295,208 | +€29,505 | +11.1% |
| Income taxes | 67/77 | €70,736 | €76,004 | +€5,268 | +7.4% |
| Profit (loss) for the period | 9904 | €194,967 | €219,204 | +€24,237 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €194,967 | €219,204 | +€24,237 | +12.4% |
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 2 October 2026 via checked.be.