DEVACON: 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.
DEVACON
Largest movements
- Cash +€342,527
up €342,527 (+161%), from €212,616 to €555,142
mainly Other debts (+€338,354) and Net result for the year (+€309,273)
- Other debts +€338,354
up €338,354 (+36.7%), from €922,626 to €1.3m
- Debts after one year -€112,857
down €112,857 (-65.9%), from €171,234 to €58,376
- Accrued charges and deferred income +€37,055
up €37,055 (+86.9%), from €42,633 to €79,688
- Tax, wage and social debts +€36,069
up €36,069 (+88.3%), from €40,866 to €76,934
of which Taxes: +€45,120
- Gross operating margin +€277,010
up €277,010 (+60.3%), from €459,250 to €736,260
- Depreciation +€76,275
up €76,275 (+59.0%), from €129,175 to €205,450
- Taxes +€33,756
up €33,756 (+32.0%), from €105,354 to €139,110
- Financial charges +€15,463
up €15,463 (+21.7%), from €71,374 to €86,838
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.
Derived cash bridge
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 | €3,184,849 | €3,500,552 | +€315,703 | +9.9% |
| Fixed assets | 21/28 | €2,195,418 | €2,166,193 | -€29,225 | -1.3% |
| Tangible fixed assets | 22/27 | €2,195,333 | €2,166,108 | -€29,225 | -1.3% |
| Land and buildings | 22 | €2,054,135 | €1,945,357 | -€108,778 | -5.3% |
| Furniture and vehicles | 24 | €141,198 | €220,751 | +€79,553 | +56.3% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €989,430 | €1,334,359 | +€344,929 | +34.9% |
| Amounts receivable within one year | 40/41 | €746,523 | €764,204 | +€17,681 | +2.4% |
| Trade receivables | 40 | €101,943 | €135,336 | +€33,393 | +32.8% |
| Other amounts receivable | 41 | €644,580 | €628,868 | -€15,712 | -2.4% |
| Cash at bank and in hand | 54/58 | €212,616 | €555,142 | +€342,527 | +161% |
| Deferred charges and accrued income | 490/1 | €30,292 | €15,013 | -€15,279 | -50.4% |
| Total equity and liabilities | 10/49 | €3,184,849 | €3,500,552 | +€315,703 | +9.9% |
| Equity | 10/15 | €1,844,612 | €1,848,623 | +€4,010 | +0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,726,078 | €1,730,088 | +€4,010 | +0.2% |
| Distributable reserves | 133 | €1,726,078 | €1,730,088 | +€4,010 | +0.2% |
| Profit (loss) carried forward | 14 | €106,135 | €106,135 | = | 0.0% |
| Amounts payable | 17/49 | €1,340,236 | €1,651,929 | +€311,693 | +23.3% |
| Amounts payable after more than one year | 17 | €171,234 | €58,376 | -€112,857 | -65.9% |
| Financial debts | 170/4 | €171,234 | €58,376 | -€112,857 | -65.9% |
| Amounts payable within one year | 42/48 | €1,126,369 | €1,513,865 | +€387,495 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €112,834 | €112,857 | +€24 | 0.0% |
| Trade debts | 44 | €50,044 | €63,093 | +€13,050 | +26.1% |
| Suppliers | 440/4 | €50,044 | €63,093 | +€13,050 | +26.1% |
| Taxes, remuneration and social security | 45 | €40,866 | €76,934 | +€36,069 | +88.3% |
| Taxes | 450/3 | €31,815 | €76,934 | +€45,120 | +142% |
| Remuneration and social security | 454/9 | €9,051 | €0 | -€9,051 | -100% |
| Other amounts payable | 47/48 | €922,626 | €1,260,980 | +€338,354 | +36.7% |
| Accrued charges and deferred income | 492/3 | €42,633 | €79,688 | +€37,055 | +86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,175 | €205,450 | +€76,275 | +59.0% |
| Other operating charges | 640/8 | €20,223 | €15,836 | -€4,387 | -21.7% |
| Non-recurring operating charges | 66A | - | €4,668 | +€4,668 | |
| Gross operating margin | 9900 | €459,250 | €736,260 | +€277,010 | +60.3% |
| Operating profit (loss) | 9901 | €309,851 | €510,306 | +€200,454 | +64.7% |
| Financial income | 75/76B | €23,691 | €24,915 | +€1,223 | +5.2% |
| Recurring financial income | 75 | €23,691 | €24,915 | +€1,223 | +5.2% |
| Financial charges | 65/66B | €71,374 | €86,838 | +€15,463 | +21.7% |
| Recurring financial charges | 65 | €71,374 | €86,838 | +€15,463 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €262,168 | €448,383 | +€186,214 | +71.0% |
| Income taxes | 67/77 | €105,354 | €139,110 | +€33,756 | +32.0% |
| Profit (loss) for the period | 9904 | €156,815 | €309,273 | +€152,458 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €156,815 | €309,273 | +€152,458 | +97.2% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.