DEVAC: what changed
DEVAC
Largest movements
- Stocks and contracts -€27,192
down €27,192 (-69.9%), from €38,875 to €11,682
- Receivables within one year -€5,935
down €5,935 (-5.3%), from €111,206 to €105,271
of which Trade receivables: -€21,288
- Cash +€4,989
up €4,989 (+553%), from €902 to €5,891
mainly Stocks and contracts (+€27,192) and Receivables within one year (+€5,935)
- Profit (loss) carried forward -€14,556
down €14,556 (-14.5%), from €100,449 to €85,892
- Tax, wage and social debts -€8,415
down €8,415 (-37.0%), from €22,753 to €14,337
- Trade debts -€6,216
down €6,216 (-48.7%), from €12,769 to €6,553
- Gross operating margin -€65,113
down €65,113, from €54,603 to -€10,510
- Taxes -€15,820
down €15,820 (-99.9%), from €15,833 to €13
- Financial charges -€830
down €830 (-21.6%), from €3,845 to €3,015
- Financial income +€761
up €761 (+18.4%), from €4,146 to €4,907
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,357 | €149,266 | -€29,091 | -16.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €25,611 | €25,245 | -€366 | -1.4% |
| Tangible fixed assets | 22/27 | €25,611 | €25,245 | -€366 | -1.4% |
| Plant, machinery and equipment | 23 | €9,501 | €8,887 | -€614 | -6.5% |
| Furniture and vehicles | 24 | €2,005 | €1,376 | -€629 | -31.4% |
| Other tangible fixed assets | 26 | €14,105 | €14,983 | +€878 | +6.2% |
| Current assets | 29/58 | €152,746 | €124,021 | -€28,726 | -18.8% |
| Stocks and contracts in progress | 3 | €38,875 | €11,682 | -€27,192 | -69.9% |
| Stocks | 30/36 | €38,875 | €11,682 | -€27,192 | -69.9% |
| Amounts receivable within one year | 40/41 | €111,206 | €105,271 | -€5,935 | -5.3% |
| Trade receivables | 40 | €28,895 | €7,607 | -€21,288 | -73.7% |
| Other amounts receivable | 41 | €82,311 | €97,664 | +€15,353 | +18.7% |
| Cash at bank and in hand | 54/58 | €902 | €5,891 | +€4,989 | +553% |
| Deferred charges and accrued income | 490/1 | €1,764 | €1,176 | -€588 | -33.3% |
| Total equity and liabilities | 10/49 | €178,357 | €149,266 | -€29,091 | -16.3% |
| Equity | 10/15 | €120,799 | €106,242 | -€14,556 | -12.1% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Distributable reserves | 133 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,449 | €85,892 | -€14,556 | -14.5% |
| Amounts payable | 17/49 | €57,559 | €43,024 | -€14,535 | -25.3% |
| Amounts payable within one year | 42/48 | €57,559 | €43,024 | -€14,535 | -25.3% |
| Financial debts | 43 | €20,320 | €20,468 | +€148 | +0.7% |
| Credit institutions | 430/8 | €20,320 | €20,468 | +€148 | +0.7% |
| Trade debts | 44 | €12,769 | €6,553 | -€6,216 | -48.7% |
| Suppliers | 440/4 | €12,769 | €6,553 | -€6,216 | -48.7% |
| Taxes, remuneration and social security | 45 | €22,753 | €14,337 | -€8,415 | -37.0% |
| Taxes | 450/3 | €22,753 | €14,337 | -€8,415 | -37.0% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,063 | €2,072 | +€9 | +0.4% |
| Other operating charges | 640/8 | €2,235 | €2,186 | -€49 | -2.2% |
| Gross operating margin | 9900 | €54,603 | -€10,510 | -€65,113 | |
| Operating profit (loss) | 9901 | €50,304 | -€14,768 | -€65,073 | |
| Financial income | 75/76B | €4,146 | €4,907 | +€761 | +18.4% |
| Recurring financial income | 75 | €4,146 | €4,907 | +€761 | +18.4% |
| Financial charges | 65/66B | €3,845 | €3,015 | -€830 | -21.6% |
| Recurring financial charges | 65 | €3,845 | €3,015 | -€830 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €50,605 | -€12,877 | -€63,482 | |
| Income taxes | 67/77 | €15,833 | €13 | -€15,820 | -99.9% |
| Profit (loss) for the period | 9904 | €34,772 | -€12,890 | -€47,662 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,772 | -€12,890 | -€47,662 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.