DEVACOR: 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.
DEVACOR
Largest movements
- Cash +€211,862
up €211,862 (+1,865%), from €11,360 to €223,222
mainly Other debts (+€241,098) and Net result for the year (+€169,856)
- Receivables within one year -€83,174
down €83,174 (-93.2%), from €89,267 to €6,094
of which Other amounts receivable: -€70,000
- Tangible fixed assets -€69,008
down €69,008 (-4.3%), from €1.6m to €1.6m
- Other debts +€241,098
up €241,098 (+129%), from €186,703 to €427,801
- Debts after one year -€100,157
down €100,157 (-30.0%), from €333,574 to €233,417
- Reserves -€77,882
down €77,882 (-7.5%), from €1.0m to €967,503
of which Distributable reserves: -€77,882
- Gross operating margin +€77,066
up €77,066 (+27.7%), from €277,718 to €354,785
- Taxes +€24,960
up €24,960 (+45.3%), from €55,150 to €80,111
- Financial charges -€21,344
down €21,344 (-44.2%), from €48,267 to €26,923
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,722,395 | €1,782,775 | +€60,380 | +3.5% |
| Fixed assets | 21/28 | €1,621,229 | €1,552,220 | -€69,008 | -4.3% |
| Tangible fixed assets | 22/27 | €1,621,229 | €1,552,220 | -€69,008 | -4.3% |
| Land and buildings | 22 | €1,621,229 | €1,552,220 | -€69,008 | -4.3% |
| Current assets | 29/58 | €101,167 | €230,555 | +€129,389 | +128% |
| Amounts receivable within one year | 40/41 | €89,267 | €6,094 | -€83,174 | -93.2% |
| Trade receivables | 40 | €19,267 | €6,094 | -€13,174 | -68.4% |
| Other amounts receivable | 41 | €70,000 | €0 | -€70,000 | -100% |
| Cash at bank and in hand | 54/58 | €11,360 | €223,222 | +€211,862 | +1,865% |
| Deferred charges and accrued income | 490/1 | €539 | €1,239 | +€700 | +130% |
| Total equity and liabilities | 10/49 | €1,722,395 | €1,782,775 | +€60,380 | +3.5% |
| Equity | 10/15 | €1,063,985 | €986,103 | -€77,882 | -7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,045,385 | €967,503 | -€77,882 | -7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,043,525 | €965,643 | -€77,882 | -7.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €658,410 | €796,672 | +€138,262 | +21.0% |
| Amounts payable after more than one year | 17 | €333,574 | €233,417 | -€100,157 | -30.0% |
| Financial debts | 170/4 | €333,574 | €233,417 | -€100,157 | -30.0% |
| Amounts payable within one year | 42/48 | €298,618 | €539,742 | +€241,124 | +80.7% |
| Current portion of amounts payable after more than one year | 42 | €99,685 | €100,157 | +€473 | +0.5% |
| Trade debts | 44 | €710 | €1,959 | +€1,249 | +176% |
| Suppliers | 440/4 | €710 | €1,959 | +€1,249 | +176% |
| Taxes, remuneration and social security | 45 | €11,520 | €9,825 | -€1,696 | -14.7% |
| Taxes | 450/3 | €11,520 | €9,825 | -€1,696 | -14.7% |
| Other amounts payable | 47/48 | €186,703 | €427,801 | +€241,098 | +129% |
| Accrued charges and deferred income | 492/3 | €26,219 | €23,514 | -€2,705 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,005 | €69,008 | +€4 | 0.0% |
| Other operating charges | 640/8 | €8,436 | €8,887 | +€451 | +5.3% |
| Gross operating margin | 9900 | €277,718 | €354,785 | +€77,066 | +27.7% |
| Operating profit (loss) | 9901 | €200,278 | €276,890 | +€76,612 | +38.3% |
| Financial charges | 65/66B | €48,267 | €26,923 | -€21,344 | -44.2% |
| Recurring financial charges | 65 | €48,267 | €26,923 | -€21,344 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €152,011 | €249,967 | +€97,956 | +64.4% |
| Income taxes | 67/77 | €55,150 | €80,111 | +€24,960 | +45.3% |
| Profit (loss) for the period | 9904 | €96,861 | €169,856 | +€72,995 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,861 | €169,856 | +€72,995 | +75.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.