DEVABO: 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.
DEVABO
Largest movements
- Cash +€401,185
up €401,185 (+143.8%), from €279,069 to €680,254
mainly Trade debts (+€263,929) and Provisions (+€230,000)
- Receivables within one year +€128,498
up €128,498 (+36.6%), from €351,281 to €479,779
of which Other amounts receivable: +€80,849
- Tangible fixed assets +€96,185
up €96,185 (+74.2%), from €129,557 to €225,743
of which Furniture and vehicles: +€112,979
- Trade debts +€263,929
up €263,929 (+292.8%), from €90,128 to €354,057
- Provisions +€230,000
new in 2024: €230,000
- Other debts -€172,555
down €172,555 (-91.1%), from €189,498 to €16,942
- Accrued charges and deferred income +€132,500
up €132,500, from €0 to €132,500
- Reserves +€121,405
up €121,405 (+34.3%), from €354,195 to €475,600
of which Distributable reserves: +€121,405
- Gross operating margin +€280,513
up €280,513 (+36.5%), from €767,848 to €1.0m
- Provisions +€230,000
new in 2024: €230,000
- Staff costs +€88,209
up €88,209 (+17.5%), from €503,043 to €591,252
- Taxes +€37,058
up €37,058 (+269.4%), from €13,758 to €50,816
- Depreciation +€20,578
up €20,578 (+78.4%), from €26,238 to €46,816
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €784,382 | €1,406,167 | +€621,785 | +79.3% |
| Fixed assets | 21/28 | €129,557 | €225,743 | +€96,185 | +74.2% |
| Tangible fixed assets | 22/27 | €129,557 | €225,743 | +€96,185 | +74.2% |
| Plant, machinery and equipment | 23 | €15,624 | €17,350 | +€1,726 | +11.0% |
| Furniture and vehicles | 24 | €32,649 | €145,628 | +€112,979 | +346.0% |
| Leasing and similar rights | 25 | €81,285 | €62,765 | -€18,520 | -22.8% |
| Current assets | 29/58 | €654,825 | €1,180,424 | +€525,599 | +80.3% |
| Stocks and contracts in progress | 3 | €7,819 | €7,819 | = | 0.0% |
| Stocks | 30/36 | €7,819 | €7,819 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €351,281 | €479,779 | +€128,498 | +36.6% |
| Trade receivables | 40 | €324,461 | €372,109 | +€47,649 | +14.7% |
| Other amounts receivable | 41 | €26,821 | €107,670 | +€80,849 | +301.4% |
| Cash at bank and in hand | 54/58 | €279,069 | €680,254 | +€401,185 | +143.8% |
| Deferred charges and accrued income | 490/1 | €16,655 | €12,571 | -€4,084 | -24.5% |
| Total equity and liabilities | 10/49 | €784,382 | €1,406,167 | +€621,785 | +79.3% |
| Equity | 10/15 | €416,195 | €537,600 | +€121,405 | +29.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €354,195 | €475,600 | +€121,405 | +34.3% |
| Non-distributable reserves | 130/1 | €7,402 | €7,402 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,202 | €1,202 | = | 0.0% |
| Distributable reserves | 133 | €346,793 | €468,199 | +€121,405 | +35.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €230,000 | +€230,000 | |
| Provisions for liabilities and charges | 160/5 | - | €230,000 | +€230,000 | |
| Other liabilities and charges | 164/5 | - | €230,000 | +€230,000 | |
| Amounts payable | 17/49 | €368,187 | €638,566 | +€270,380 | +73.4% |
| Amounts payable after more than one year | 17 | €40,821 | €12,225 | -€28,597 | -70.1% |
| Financial debts | 170/4 | €40,821 | €12,225 | -€28,597 | -70.1% |
| Amounts payable within one year | 42/48 | €327,366 | €493,842 | +€166,476 | +50.9% |
| Current portion of amounts payable after more than one year | 42 | €30,391 | €28,597 | -€1,794 | -5.9% |
| Financial debts | 43 | €4,743 | €5,000 | +€257 | +5.4% |
| Credit institutions | 430/8 | €4,743 | €5,000 | +€257 | +5.4% |
| Trade debts | 44 | €90,128 | €354,057 | +€263,929 | +292.8% |
| Suppliers | 440/4 | €90,128 | €354,057 | +€263,929 | +292.8% |
| Taxes, remuneration and social security | 45 | €12,606 | €89,246 | +€76,641 | +608.0% |
| Taxes | 450/3 | €266 | €35,365 | +€35,099 | +13193.7% |
| Remuneration and social security | 454/9 | €12,339 | €53,881 | +€41,541 | +336.7% |
| Other amounts payable | 47/48 | €189,498 | €16,942 | -€172,555 | -91.1% |
| Accrued charges and deferred income | 492/3 | €0 | €132,500 | +€132,500 | |
| Non-recurring operating income | 76A | €8,663 | €0 | -€8,663 | -100.0% |
| Remuneration, social security and pensions | 62 | €503,043 | €591,252 | +€88,209 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,238 | €46,816 | +€20,578 | +78.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €230,000 | +€230,000 | |
| Other operating charges | 640/8 | €5,926 | €6,499 | +€573 | +9.7% |
| Non-recurring operating charges | 66A | €4,450 | €3,447 | -€1,004 | -22.6% |
| Gross operating margin | 9900 | €767,848 | €1,048,361 | +€280,513 | +36.5% |
| Operating profit (loss) | 9901 | €228,190 | €170,346 | -€57,844 | -25.3% |
| Financial income | 75/76B | €3,224 | €7,213 | +€3,989 | +123.7% |
| Recurring financial income | 75 | €3,224 | €7,213 | +€3,989 | +123.7% |
| Financial charges | 65/66B | €4,869 | €5,338 | +€469 | +9.6% |
| Recurring financial charges | 65 | €4,869 | €5,338 | +€469 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €226,545 | €172,221 | -€54,324 | -24.0% |
| Income taxes | 67/77 | €13,758 | €50,816 | +€37,058 | +269.4% |
| Profit (loss) for the period | 9904 | €212,787 | €121,405 | -€91,382 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €212,787 | €121,405 | -€91,382 | -42.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.