Deva Cycling: 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 Cycling
Largest movements
- Receivables within one year -€52,822
down €52,822 (-78.7%), from €67,123 to €14,301
of which Trade receivables: -€50,633
- Stocks and contracts -€33,960
down €33,960 (-7.8%), from €434,905 to €400,946
- Tangible fixed assets -€20,415
down €20,415 (-5.9%), from €348,012 to €327,597
of which Land and buildings: -€15,889
- Trade debts -€41,039
down €41,039 (-40.9%), from €100,318 to €59,278
- Other debts -€37,317
down €37,317 (-18.6%), from €201,028 to €163,711
- Advances received -€31,696
down €31,696 (-100.0%), from €31,696 to €0
- Reserves +€28,014
up €28,014 (+53.8%), from €52,071 to €80,085
- Debts after one year -€15,141
down €15,141 (-5.4%), from €281,255 to €266,114
- Gross operating margin +€27,305
up €27,305 (+19.5%), from €139,839 to €167,144
- Staff costs +€18,103
up €18,103 (+25.6%), from €70,752 to €88,855
- Taxes +€3,997
up €3,997 (+41.8%), from €9,559 to €13,556
- Financial charges -€3,037
down €3,037 (-20.8%), from €14,567 to €11,530
- Financial income -€2,668
down €2,668 (-72.8%), from €3,666 to €997
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 | €871,195 | €758,506 | -€112,689 | -12.9% |
| Fixed assets | 21/28 | €348,012 | €327,597 | -€20,415 | -5.9% |
| Tangible fixed assets | 22/27 | €348,012 | €327,597 | -€20,415 | -5.9% |
| Land and buildings | 22 | €342,080 | €326,191 | -€15,889 | -4.6% |
| Plant, machinery and equipment | 23 | €158 | €0 | -€158 | -100.0% |
| Furniture and vehicles | 24 | €5,774 | €1,406 | -€4,368 | -75.6% |
| Current assets | 29/58 | €523,183 | €430,910 | -€92,273 | -17.6% |
| Stocks and contracts in progress | 3 | €434,905 | €400,946 | -€33,960 | -7.8% |
| Stocks | 30/36 | €434,905 | €400,946 | -€33,960 | -7.8% |
| Amounts receivable within one year | 40/41 | €67,123 | €14,301 | -€52,822 | -78.7% |
| Trade receivables | 40 | €64,599 | €13,966 | -€50,633 | -78.4% |
| Other amounts receivable | 41 | €2,524 | €335 | -€2,189 | -86.7% |
| Cash at bank and in hand | 54/58 | €20,679 | €13,919 | -€6,760 | -32.7% |
| Deferred charges and accrued income | 490/1 | €475 | €1,744 | +€1,269 | +266.9% |
| Total equity and liabilities | 10/49 | €871,195 | €758,506 | -€112,689 | -12.9% |
| Equity | 10/15 | €82,071 | €110,085 | +€28,014 | +34.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €52,071 | €80,085 | +€28,014 | +53.8% |
| Distributable reserves | 133 | €52,071 | €80,085 | +€28,014 | +53.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €789,124 | €648,421 | -€140,703 | -17.8% |
| Amounts payable after more than one year | 17 | €281,255 | €266,114 | -€15,141 | -5.4% |
| Financial debts | 170/4 | €281,255 | €266,114 | -€15,141 | -5.4% |
| Amounts payable within one year | 42/48 | €507,174 | €379,881 | -€127,294 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €20,459 | €15,141 | -€5,318 | -26.0% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €100,318 | €59,278 | -€41,039 | -40.9% |
| Suppliers | 440/4 | €100,318 | €59,278 | -€41,039 | -40.9% |
| Advances received on contracts in progress | 46 | €31,696 | €0 | -€31,696 | -100.0% |
| Taxes, remuneration and social security | 45 | €53,673 | €41,751 | -€11,923 | -22.2% |
| Taxes | 450/3 | €42,739 | €29,893 | -€12,846 | -30.1% |
| Remuneration and social security | 454/9 | €10,935 | €11,857 | +€923 | +8.4% |
| Other amounts payable | 47/48 | €201,028 | €163,711 | -€37,317 | -18.6% |
| Accrued charges and deferred income | 492/3 | €695 | €2,427 | +€1,732 | +249.4% |
| Remuneration, social security and pensions | 62 | €70,752 | €88,855 | +€18,103 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,935 | €21,420 | -€2,515 | -10.5% |
| Other operating charges | 640/8 | €6,190 | €4,767 | -€1,423 | -23.0% |
| Gross operating margin | 9900 | €139,839 | €167,144 | +€27,305 | +19.5% |
| Operating profit (loss) | 9901 | €38,962 | €52,103 | +€13,141 | +33.7% |
| Financial income | 75/76B | €3,666 | €997 | -€2,668 | -72.8% |
| Recurring financial income | 75 | €3,666 | €997 | -€2,668 | -72.8% |
| Financial charges | 65/66B | €14,567 | €11,530 | -€3,037 | -20.8% |
| Recurring financial charges | 65 | €14,567 | €11,530 | -€3,037 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €28,061 | €41,570 | +€13,509 | +48.1% |
| Income taxes | 67/77 | €9,559 | €13,556 | +€3,997 | +41.8% |
| Profit (loss) for the period | 9904 | €18,502 | €28,014 | +€9,512 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,502 | €28,014 | +€9,512 | +51.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.