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 -€21,885
down €21,885 (-26.2%), from €83,576 to €61,691
mainly Investment in fixed assets (net) (-€39,358) and Current investments (-€12,000)
- Tangible fixed assets +€21,148
up €21,148 (+13.0%), from €163,111 to €184,259
of which Land and buildings: +€16,128
- Current investments +€12,000
new in 2025: €12,000
- Receivables within one year +€4,997
up €4,997 (+91.4%), from €5,470 to €10,466
of which Trade receivables: +€6,328
- Current portion of long-term debt +€9,925
new in 2025: €9,925
- Profit (loss) carried forward +€8,061
up €8,061 (+19.3%), from €41,861 to €49,922
- Gross operating margin -€4,158
down €4,158 (-10.6%), from €39,095 to €34,937
- Depreciation +€2,053
up €2,053 (+12.7%), from €16,158 to €18,211
- Financial charges +€1,765
up €1,765 (+131%), from €1,344 to €3,109
- Taxes +€1,254
up €1,254 (+121%), from €1,038 to €2,292
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 | €255,567 | €273,872 | +€18,305 | +7.2% |
| Fixed assets | 21/28 | €163,409 | €184,557 | +€21,148 | +12.9% |
| Tangible fixed assets | 22/27 | €163,111 | €184,259 | +€21,148 | +13.0% |
| Land and buildings | 22 | €157,905 | €174,034 | +€16,128 | +10.2% |
| Plant, machinery and equipment | 23 | €5,206 | €8,384 | +€3,178 | +61.0% |
| Furniture and vehicles | 24 | - | €1,842 | +€1,842 | |
| Financial fixed assets | 28 | €298 | €298 | = | 0.0% |
| Current assets | 29/58 | €92,158 | €89,316 | -€2,842 | -3.1% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,470 | €10,466 | +€4,997 | +91.4% |
| Trade receivables | 40 | €2,430 | €8,758 | +€6,328 | +260% |
| Other amounts receivable | 41 | €3,040 | €1,708 | -€1,332 | -43.8% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €83,576 | €61,691 | -€21,885 | -26.2% |
| Deferred charges and accrued income | 490/1 | €613 | €2,658 | +€2,046 | +334% |
| Total equity and liabilities | 10/49 | €255,567 | €273,872 | +€18,305 | +7.2% |
| Equity | 10/15 | €75,467 | €83,528 | +€8,061 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,405 | €27,405 | = | 0.0% |
| Distributable reserves | 133 | €27,405 | €27,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,861 | €49,922 | +€8,061 | +19.3% |
| Amounts payable | 17/49 | €180,100 | €190,344 | +€10,244 | +5.7% |
| Amounts payable after more than one year | 17 | €169,584 | €171,577 | +€1,993 | +1.2% |
| Financial debts | 170/4 | €169,584 | €171,577 | +€1,993 | +1.2% |
| Amounts payable within one year | 42/48 | €10,516 | €18,767 | +€8,251 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,925 | +€9,925 | |
| Trade debts | 44 | €110 | - | -€110 | |
| Suppliers | 440/4 | €110 | - | -€110 | |
| Taxes, remuneration and social security | 45 | €5,371 | €6,337 | +€966 | +18.0% |
| Taxes | 450/3 | €5,371 | €6,337 | +€966 | +18.0% |
| Other amounts payable | 47/48 | €5,035 | €2,505 | -€2,530 | -50.2% |
| Remuneration, social security and pensions | 62 | €207 | - | -€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,158 | €18,211 | +€2,053 | +12.7% |
| Other operating charges | 640/8 | €3,725 | €3,480 | -€245 | -6.6% |
| Gross operating margin | 9900 | €39,095 | €34,937 | -€4,158 | -10.6% |
| Operating profit (loss) | 9901 | €19,005 | €13,246 | -€5,758 | -30.3% |
| Financial income | 75/76B | €241 | €136 | -€106 | -43.7% |
| Recurring financial income | 75 | €241 | €136 | -€106 | -43.7% |
| Financial charges | 65/66B | €1,344 | €3,109 | +€1,765 | +131% |
| Recurring financial charges | 65 | €1,344 | €3,109 | +€1,765 | +131% |
| Profit (loss) for the period before taxes | 9903 | €17,902 | €10,273 | -€7,629 | -42.6% |
| Income taxes | 67/77 | €1,038 | €2,292 | +€1,254 | +121% |
| Profit (loss) for the period | 9904 | €16,864 | €7,981 | -€8,883 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,864 | €7,981 | -€8,883 | -52.7% |
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 14 October 2026 via checked.be.