DEVACO: 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.
DEVACO
Largest movements
- Receivables within one year +€53,918
up €53,918 (+59.3%), from €90,902 to €144,820
of which Other amounts receivable: +€53,918
- Tangible fixed assets +€10,075
up €10,075 (+8.0%), from €126,650 to €136,726
of which Furniture and vehicles: +€18,387
- Cash +€4,941
up €4,941 (+131%), from €3,761 to €8,702
mainly Net result for the year (+€34,780) and Depreciation (+€32,517)
- Deferred charges and accrued income -€3,791
down €3,791 (-14.6%), from €25,959 to €22,168
- Profit (loss) carried forward +€34,780
up €34,780 (+21.9%), from €158,865 to €193,645
- Trade debts +€15,255
up €15,255 (+2,045%), from €746 to €16,001
- Debts after one year +€12,161
up €12,161 (+29.0%), from €41,877 to €54,039
- Current portion of long-term debt +€6,940
up €6,940 (+65.9%), from €10,530 to €17,470
- Tax, wage and social debts -€3,973
down €3,973 (-9.4%), from €42,283 to €38,310
of which Remuneration and social security: -€3,471
- Gross operating margin +€87,010
up €87,010 (+34.4%), from €252,908 to €339,918
- Depreciation +€14,411
up €14,411 (+79.6%), from €18,105 to €32,517
- Taxes +€12,175
up €12,175 (+1,444%), from €843 to €13,018
- Staff costs +€9,451
up €9,451 (+3.9%), from €242,965 to €252,416
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.
Derived cash bridge
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 | €290,272 | €355,415 | +€65,143 | +22.4% |
| Fixed assets | 21/28 | €126,650 | €136,726 | +€10,075 | +8.0% |
| Tangible fixed assets | 22/27 | €126,650 | €136,726 | +€10,075 | +8.0% |
| Plant, machinery and equipment | 23 | €3,260 | - | -€3,260 | |
| Furniture and vehicles | 24 | €92,664 | €111,051 | +€18,387 | +19.8% |
| Other tangible fixed assets | 26 | €30,726 | €25,675 | -€5,051 | -16.4% |
| Current assets | 29/58 | €163,622 | €218,690 | +€55,068 | +33.7% |
| Amounts receivable after more than one year | 29 | €43,000 | €43,000 | = | 0.0% |
| Other amounts receivable | 291 | €43,000 | €43,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €90,902 | €144,820 | +€53,918 | +59.3% |
| Trade receivables | 40 | €1,067 | €1,067 | -€0 | 0.0% |
| Other amounts receivable | 41 | €89,835 | €143,753 | +€53,918 | +60.0% |
| Cash at bank and in hand | 54/58 | €3,761 | €8,702 | +€4,941 | +131% |
| Deferred charges and accrued income | 490/1 | €25,959 | €22,168 | -€3,791 | -14.6% |
| Total equity and liabilities | 10/49 | €290,272 | €355,415 | +€65,143 | +22.4% |
| Equity | 10/15 | €187,192 | €221,971 | +€34,780 | +18.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €9,734 | €9,734 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,265 | €1,265 | = | 0.0% |
| Distributable reserves | 133 | €8,469 | €8,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,865 | €193,645 | +€34,780 | +21.9% |
| Amounts payable | 17/49 | €103,081 | €133,444 | +€30,363 | +29.5% |
| Amounts payable after more than one year | 17 | €41,877 | €54,039 | +€12,161 | +29.0% |
| Financial debts | 170/4 | €41,877 | €54,039 | +€12,161 | +29.0% |
| Amounts payable within one year | 42/48 | €53,559 | €71,781 | +€18,222 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €10,530 | €17,470 | +€6,940 | +65.9% |
| Trade debts | 44 | €746 | €16,001 | +€15,255 | +2,045% |
| Suppliers | 440/4 | €746 | €16,001 | +€15,255 | +2,045% |
| Taxes, remuneration and social security | 45 | €42,283 | €38,310 | -€3,973 | -9.4% |
| Taxes | 450/3 | €8,234 | €7,732 | -€502 | -6.1% |
| Remuneration and social security | 454/9 | €34,049 | €30,578 | -€3,471 | -10.2% |
| Accrued charges and deferred income | 492/3 | €7,644 | €7,624 | -€20 | -0.3% |
| Non-recurring operating income | 76A | €23,471 | - | -€23,471 | |
| Remuneration, social security and pensions | 62 | €242,965 | €252,416 | +€9,451 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,105 | €32,517 | +€14,411 | +79.6% |
| Other operating charges | 640/8 | €3,658 | €5,269 | +€1,611 | +44.1% |
| Gross operating margin | 9900 | €252,908 | €339,918 | +€87,010 | +34.4% |
| Operating profit (loss) | 9901 | -€11,820 | €49,716 | +€61,536 | |
| Financial income | 75/76B | - | €986 | +€986 | |
| Recurring financial income | 75 | - | €986 | +€986 | |
| Financial charges | 65/66B | €4,889 | €2,904 | -€1,984 | -40.6% |
| Recurring financial charges | 65 | €4,889 | €2,904 | -€1,984 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,708 | €47,798 | +€64,506 | |
| Income taxes | 67/77 | €843 | €13,018 | +€12,175 | +1,444% |
| Profit (loss) for the period | 9904 | -€17,552 | €34,780 | +€52,331 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,552 | €34,780 | +€52,331 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.