Dev Insights: 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.
Dev Insights
Largest movements
- Cash +€88,665
up €88,665 (+61.9%), from €143,131 to €231,795
mainly Net result for the year (+€71,305) and Depreciation (+€23,819)
- Tangible fixed assets -€23,819
down €23,819 (-8.1%), from €293,021 to €269,202
of which Furniture and vehicles: -€14,934
- Reserves +€71,305
up €71,305 (+25.9%), from €275,320 to €346,625
- Debts after one year -€11,351
down €11,351 (-7.4%), from €153,773 to €142,422
- Tax, wage and social debts +€5,683
up €5,683 (+174.4%), from €3,258 to €8,941
- Taxes +€20,365
up €20,365 (+328.3%), from €6,203 to €26,568
- Gross operating margin +€13,584
up €13,584 (+12.2%), from €111,704 to €125,287
- Other operating charges -€2,500
down €2,500 (-61.3%), from €4,081 to €1,581
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 | €453,379 | €522,174 | +€68,795 | +15.2% |
| Fixed assets | 21/28 | €293,051 | €269,232 | -€23,819 | -8.1% |
| Tangible fixed assets | 22/27 | €293,021 | €269,202 | -€23,819 | -8.1% |
| Land and buildings | 22 | €239,669 | €232,340 | -€7,328 | -3.1% |
| Furniture and vehicles | 24 | €43,194 | €28,260 | -€14,934 | -34.6% |
| Other tangible fixed assets | 26 | €10,158 | €8,602 | -€1,557 | -15.3% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €160,328 | €252,942 | +€92,614 | +57.8% |
| Amounts receivable within one year | 40/41 | €17,197 | €21,146 | +€3,950 | +23.0% |
| Trade receivables | 40 | €16,189 | €17,500 | +€1,312 | +8.1% |
| Other amounts receivable | 41 | €1,008 | €3,646 | +€2,638 | +261.7% |
| Cash at bank and in hand | 54/58 | €143,131 | €231,795 | +€88,665 | +61.9% |
| Total equity and liabilities | 10/49 | €453,379 | €522,174 | +€68,795 | +15.2% |
| Equity | 10/15 | €280,320 | €351,625 | +€71,305 | +25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €275,320 | €346,625 | +€71,305 | +25.9% |
| Distributable reserves | 133 | €275,320 | €346,625 | +€71,305 | +25.9% |
| Amounts payable | 17/49 | €173,059 | €170,549 | -€2,510 | -1.5% |
| Amounts payable after more than one year | 17 | €153,773 | €142,422 | -€11,351 | -7.4% |
| Financial debts | 170/4 | €153,773 | €142,422 | -€11,351 | -7.4% |
| Amounts payable within one year | 42/48 | €19,286 | €28,127 | +€8,841 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €12,206 | €11,351 | -€855 | -7.0% |
| Trade debts | 44 | €1,661 | €3,450 | +€1,789 | +107.7% |
| Suppliers | 440/4 | €1,661 | €3,450 | +€1,789 | +107.7% |
| Taxes, remuneration and social security | 45 | €3,258 | €8,941 | +€5,683 | +174.4% |
| Taxes | 450/3 | €3,258 | €8,941 | +€5,683 | +174.4% |
| Other amounts payable | 47/48 | €2,161 | €4,384 | +€2,223 | +102.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,087 | €23,819 | -€268 | -1.1% |
| Other operating charges | 640/8 | €4,081 | €1,581 | -€2,500 | -61.3% |
| Non-recurring operating charges | 66A | €1,427 | - | -€1,427 | |
| Gross operating margin | 9900 | €111,704 | €125,287 | +€13,584 | +12.2% |
| Operating profit (loss) | 9901 | €82,108 | €99,887 | +€17,779 | +21.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,158 | €2,015 | -€143 | -6.6% |
| Recurring financial charges | 65 | €2,158 | €2,015 | -€143 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €79,950 | €97,873 | +€17,924 | +22.4% |
| Income taxes | 67/77 | €6,203 | €26,568 | +€20,365 | +328.3% |
| Profit (loss) for the period | 9904 | €73,747 | €71,305 | -€2,441 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,747 | €71,305 | -€2,441 | -3.3% |
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 9 October 2026 via checked.be.