DEV & PAL: what changed
DEV & PAL
Largest movements
- Cash +€3,411
up €3,411 (+35.1%), from €9,728 to €13,138
mainly Net result for the year (+€4,083) and Stocks and contracts (+€1,542)
- Stocks and contracts -€1,542
down €1,542 (-7.6%), from €20,341 to €18,800
- Receivables within one year +€1,230
up €1,230 (+794%), from €155 to €1,385
- Profit (loss) carried forward +€4,083
up €4,083 (+25.0%), from €16,346 to €20,429
- Tax, wage and social debts -€597
down €597 (-16.7%), from €3,580 to €2,983
of which Remuneration and social security: -€1,618
- Trade debts -€387
down €387 (-13.0%), from €2,971 to €2,584
- Gross operating margin -€268
down €268 (-4.4%), from €6,063 to €5,795
- Other operating charges -€92
down €92 (-13.2%), from €696 to €604
- Financial charges -€64
down €64 (-44.6%), from €144 to €80
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,224 | €33,323 | +€3,099 | +10.3% |
| Current assets | 29/58 | €30,224 | €33,323 | +€3,099 | +10.3% |
| Stocks and contracts in progress | 3 | €20,341 | €18,800 | -€1,542 | -7.6% |
| Stocks | 30/36 | €20,341 | €18,800 | -€1,542 | -7.6% |
| Amounts receivable within one year | 40/41 | €155 | €1,385 | +€1,230 | +794% |
| Other amounts receivable | 41 | €155 | €1,385 | +€1,230 | +794% |
| Cash at bank and in hand | 54/58 | €9,728 | €13,138 | +€3,411 | +35.1% |
| Total equity and liabilities | 10/49 | €30,224 | €33,323 | +€3,099 | +10.3% |
| Equity | 10/15 | €23,672 | €27,756 | +€4,083 | +17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,127 | €1,127 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,127 | €1,127 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,127 | €1,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,346 | €20,429 | +€4,083 | +25.0% |
| Amounts payable | 17/49 | €6,552 | €5,567 | -€984 | -15.0% |
| Amounts payable within one year | 42/48 | €6,552 | €5,567 | -€984 | -15.0% |
| Trade debts | 44 | €2,971 | €2,584 | -€387 | -13.0% |
| Suppliers | 440/4 | €2,971 | €2,584 | -€387 | -13.0% |
| Taxes, remuneration and social security | 45 | €3,580 | €2,983 | -€597 | -16.7% |
| Taxes | 450/3 | €1,751 | €2,772 | +€1,021 | +58.3% |
| Remuneration and social security | 454/9 | €1,829 | €211 | -€1,618 | -88.5% |
| Other operating charges | 640/8 | €696 | €604 | -€92 | -13.2% |
| Non-recurring operating charges | 66A | - | €7 | +€7 | |
| Gross operating margin | 9900 | €6,063 | €5,795 | -€268 | -4.4% |
| Operating profit (loss) | 9901 | €5,367 | €5,184 | -€183 | -3.4% |
| Financial charges | 65/66B | €144 | €80 | -€64 | -44.6% |
| Recurring financial charges | 65 | €144 | €80 | -€64 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €5,223 | €5,104 | -€119 | -2.3% |
| Income taxes | 67/77 | €1,045 | €1,021 | -€24 | -2.3% |
| Profit (loss) for the period | 9904 | €4,178 | €4,083 | -€95 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,178 | €4,083 | -€95 | -2.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.