DEVA: 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.
DEVA
Largest movements
- Cash -€151,790
down €151,790 (-83.9%), from €180,901 to €29,110
mainly Current investments (-€139,984) and Debts after one year (-€30,832)
- Current investments +€139,984
up €139,984 (+797%), from €17,562 to €157,546
- Tangible fixed assets -€31,586
down €31,586 (-18.1%), from €174,722 to €143,135
of which Land and buildings: -€24,379
- Receivables within one year +€9,591
up €9,591 (+34.6%), from €27,699 to €37,291
of which Other amounts receivable: +€8,312
- Deferred charges and accrued income +€4,779
up €4,779 (+417%), from €1,146 to €5,925
- Debts after one year -€30,832
down €30,832 (-22.4%), from €137,567 to €106,734
- Profit (loss) carried forward -€12,987
new in 2025: -€12,987
- Trade debts +€12,568
up €12,568 (+206%), from €6,094 to €18,662
- Gross operating margin -€20,674
down €20,674 (-20.7%), from €99,907 to €79,233
- Staff costs +€9,611
up €9,611 (+23.8%), from €40,316 to €49,927
- Taxes -€5,023
down €5,023 (-100%), from €5,023 to €0
- Financial income +€2,449
up €2,449 (+63.8%), from €3,838 to €6,288
- Financial charges +€2,129
up €2,129 (+38.7%), from €5,509 to €7,638
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 | €460,653 | €428,821 | -€31,832 | -6.9% |
| Fixed assets | 21/28 | €174,722 | €143,135 | -€31,586 | -18.1% |
| Tangible fixed assets | 22/27 | €174,722 | €143,135 | -€31,586 | -18.1% |
| Land and buildings | 22 | €158,533 | €134,154 | -€24,379 | -15.4% |
| Plant, machinery and equipment | 23 | €11,212 | €5,272 | -€5,940 | -53.0% |
| Furniture and vehicles | 24 | €4,976 | €3,709 | -€1,267 | -25.5% |
| Current assets | 29/58 | €285,931 | €285,685 | -€246 | -0.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €8,623 | €5,813 | -€2,810 | -32.6% |
| Stocks | 30/36 | €8,623 | €5,813 | -€2,810 | -32.6% |
| Amounts receivable within one year | 40/41 | €27,699 | €37,291 | +€9,591 | +34.6% |
| Trade receivables | 40 | €1,665 | €2,944 | +€1,279 | +76.8% |
| Other amounts receivable | 41 | €26,035 | €34,347 | +€8,312 | +31.9% |
| Current investments | 50/53 | €17,562 | €157,546 | +€139,984 | +797% |
| Cash at bank and in hand | 54/58 | €180,901 | €29,110 | -€151,790 | -83.9% |
| Deferred charges and accrued income | 490/1 | €1,146 | €5,925 | +€4,779 | +417% |
| Total equity and liabilities | 10/49 | €460,653 | €428,821 | -€31,832 | -6.9% |
| Equity | 10/15 | €281,677 | €268,690 | -€12,987 | -4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €275,477 | €275,477 | = | 0.0% |
| Distributable reserves | 133 | €275,477 | €275,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,987 | -€12,987 | |
| Amounts payable | 17/49 | €178,975 | €160,131 | -€18,845 | -10.5% |
| Amounts payable after more than one year | 17 | €137,567 | €106,734 | -€30,832 | -22.4% |
| Financial debts | 170/4 | €137,567 | €106,734 | -€30,832 | -22.4% |
| Amounts payable within one year | 42/48 | €41,409 | €53,396 | +€11,987 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €31,427 | €30,832 | -€595 | -1.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,094 | €18,662 | +€12,568 | +206% |
| Suppliers | 440/4 | €6,094 | €18,662 | +€12,568 | +206% |
| Taxes, remuneration and social security | 45 | €3,888 | €3,902 | +€15 | +0.4% |
| Taxes | 450/3 | €1,729 | €209 | -€1,520 | -87.9% |
| Remuneration and social security | 454/9 | €2,159 | €3,694 | +€1,535 | +71.1% |
| Non-recurring operating income | 76A | - | €1,950 | +€1,950 | |
| Remuneration, social security and pensions | 62 | €40,316 | €49,927 | +€9,611 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,978 | €35,536 | -€441 | -1.2% |
| Other operating charges | 640/8 | €6,544 | €5,407 | -€1,137 | -17.4% |
| Gross operating margin | 9900 | €99,907 | €79,233 | -€20,674 | -20.7% |
| Operating profit (loss) | 9901 | €17,069 | -€11,637 | -€28,706 | |
| Financial income | 75/76B | €3,838 | €6,288 | +€2,449 | +63.8% |
| Recurring financial income | 75 | €3,838 | €6,288 | +€2,449 | +63.8% |
| Financial charges | 65/66B | €5,509 | €7,638 | +€2,129 | +38.7% |
| Recurring financial charges | 65 | €5,509 | €7,638 | +€2,129 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €15,399 | -€12,987 | -€28,386 | |
| Income taxes | 67/77 | €5,023 | €0 | -€5,023 | -100% |
| Profit (loss) for the period | 9904 | €10,376 | -€12,987 | -€23,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,376 | -€12,987 | -€23,363 |
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 15 October 2026 via checked.be.