DEVA BELGIUM: 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.
DEVA BELGIUM
Largest movements
- Cash +€154,417
up €154,417 (+26.6%), from €581,042 to €735,458
mainly Net result for the year (+€311,476) and Current investments (+€25,437)
- Current investments -€25,437
down €25,437 (-15.2%), from €167,344 to €141,907
- Stocks and contracts +€25,414
up €25,414 (+16.6%), from €153,021 to €178,435
- Receivables within one year -€20,109
down €20,109 (-3.5%), from €573,107 to €552,998
of which Trade receivables: -€20,094
- Reserves +€164,623
up €164,623 (+16.0%), from €1.0m to €1.2m
- Trade debts -€36,438
down €36,438 (-11.8%), from €309,299 to €272,860
- Gross operating margin +€42,909
up €42,909 (+8.9%), from €484,281 to €527,190
- Taxes +€12,584
up €12,584 (+9.9%), from €127,513 to €140,097
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 | €1,637,424 | €1,763,982 | +€126,558 | +7.7% |
| Fixed assets | 21/28 | €161,081 | €150,792 | -€10,289 | -6.4% |
| Tangible fixed assets | 22/27 | €56,556 | €41,647 | -€14,909 | -26.4% |
| Plant, machinery and equipment | 23 | €10,619 | €10,730 | +€111 | +1.0% |
| Furniture and vehicles | 24 | €45,937 | €30,916 | -€15,020 | -32.7% |
| Financial fixed assets | 28 | €104,525 | €109,145 | +€4,620 | +4.4% |
| Current assets | 29/58 | €1,476,343 | €1,613,191 | +€136,848 | +9.3% |
| Stocks and contracts in progress | 3 | €153,021 | €178,435 | +€25,414 | +16.6% |
| Stocks | 30/36 | €153,021 | €178,435 | +€25,414 | +16.6% |
| Amounts receivable within one year | 40/41 | €573,107 | €552,998 | -€20,109 | -3.5% |
| Trade receivables | 40 | €573,092 | €552,998 | -€20,094 | -3.5% |
| Other amounts receivable | 41 | €16 | - | -€16 | |
| Current investments | 50/53 | €167,344 | €141,907 | -€25,437 | -15.2% |
| Cash at bank and in hand | 54/58 | €581,042 | €735,458 | +€154,417 | +26.6% |
| Deferred charges and accrued income | 490/1 | €1,829 | €4,392 | +€2,563 | +140.1% |
| Total equity and liabilities | 10/49 | €1,637,424 | €1,763,982 | +€126,558 | +7.7% |
| Equity | 10/15 | €1,044,681 | €1,209,304 | +€164,623 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,026,081 | €1,190,704 | +€164,623 | +16.0% |
| Distributable reserves | 133 | €1,026,081 | €1,190,704 | +€164,623 | +16.0% |
| Amounts payable | 17/49 | €592,743 | €554,678 | -€38,065 | -6.4% |
| Amounts payable within one year | 42/48 | €587,089 | €548,834 | -€38,255 | -6.5% |
| Trade debts | 44 | €309,299 | €272,860 | -€36,438 | -11.8% |
| Suppliers | 440/4 | €309,299 | €272,860 | -€36,438 | -11.8% |
| Taxes, remuneration and social security | 45 | €93,347 | €90,957 | -€2,391 | -2.6% |
| Taxes | 450/3 | €79,270 | €83,885 | +€4,616 | +5.8% |
| Remuneration and social security | 454/9 | €14,078 | €7,071 | -€7,007 | -49.8% |
| Other amounts payable | 47/48 | €184,443 | €185,017 | +€574 | +0.3% |
| Accrued charges and deferred income | 492/3 | €5,654 | €5,844 | +€191 | +3.4% |
| Remuneration, social security and pensions | 62 | €46,518 | €51,477 | +€4,959 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,854 | €19,239 | +€385 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,627 | - | -€2,627 | |
| Other operating charges | 640/8 | €1,191 | €2,399 | +€1,208 | +101.4% |
| Gross operating margin | 9900 | €484,281 | €527,190 | +€42,909 | +8.9% |
| Operating profit (loss) | 9901 | €415,092 | €454,076 | +€38,984 | +9.4% |
| Financial income | 75/76B | €2,709 | €3,650 | +€941 | +34.7% |
| Recurring financial income | 75 | €2,709 | €3,650 | +€941 | +34.7% |
| Financial charges | 65/66B | €6,521 | €6,152 | -€369 | -5.7% |
| Recurring financial charges | 65 | €6,521 | €6,152 | -€369 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €411,280 | €451,573 | +€40,293 | +9.8% |
| Income taxes | 67/77 | €127,513 | €140,097 | +€12,584 | +9.9% |
| Profit (loss) for the period | 9904 | €283,768 | €311,476 | +€27,709 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €283,768 | €311,476 | +€27,709 | +9.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.