DeVaFoNa: 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.
What changed
DeVaFoNa
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€315,450
2024 · €414,380-€98,930
Equity
€5.2m
2024 · €4.9m+€315,450
Cash
€37,229
2024 · €57,118-€19,889
Balance sheet total
€5.3m
2024 · €5.6m-€316,277
Largest movements
Assets
- Receivables within one year -€459,052
down €459,052 (-77.2%), from €594,501 to €135,448
of which Other amounts receivable: -€446,096
- Current investments +€181,469
up €181,469 (+42.9%), from €422,861 to €604,330
Equity and liabilities
- Debts after one year -€606,819
down €606,819 (-98.2%), from €617,973 to €11,154
of which Financial debts: -€607,039
- Reserves +€408,000
up €408,000 (+9.6%), from €4.2m to €4.7m
of which Distributable reserves: +€492,200
- Profit (loss) carried forward -€92,551
down €92,551 (-13.9%), from €664,758 to €572,207
Income statement
- Gross operating margin -€105,048
down €105,048 (-60.6%), from €173,265 to €68,218
- Staff costs -€8,635
down €8,635 (-15.0%), from €57,715 to €49,081
- Financial charges +€7,979
up €7,979 (+225.9%), from €3,532 to €11,511
- Taxes -€5,477
down €5,477 (-11.3%), from €48,397 to €42,920
- Depreciation +€3,134
up €3,134 (+7.3%), from €42,825 to €45,959
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.
Result 2024
€414,380
Gross operating margin
-€105,048
Staff costs
+€8,635
Depreciation
-€3,134
Other operating charges
+€117
Financial income
+€3,002
Financial charges
-€7,979
Taxes
+€5,477
Result 2025
€315,450
Cash bridge derived
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.
From operations
+€818,391
Investment
-€210,075
Financing
-€628,205
Cash 2024
€57,118
From operations (derived)
+€818,391
Net result for the year
+€315,450
Depreciation
+€45,959
Receivables within one year
+€459,052
Deferred charges and accrued income
+€1,451
Trade debts
-€1,609
Tax, wage and social debts
+€6,453
Other debts
-€6,195
Accrued charges and deferred income
-€2,171
Investment (derived)
-€210,075
Investment in fixed assets (net)
-€28,606
Current investments
-€181,469
Financing
-€628,205
Debts after one year
-€606,819
Current portion of long-term debt
-€21,544
Short-term financial debts
+€157
Cash 2025
€37,229
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,638,569 | €5,322,293 | -€316,277 | -5.6% |
| Fixed assets | 21/28 | €4,558,751 | €4,541,398 | -€17,353 | -0.4% |
| Tangible fixed assets | 22/27 | €767,013 | €749,838 | -€17,175 | -2.2% |
| Land and buildings | 22 | €703,312 | €689,137 | -€14,175 | -2.0% |
| Plant, machinery and equipment | 23 | - | €1,921 | +€1,921 | |
| Furniture and vehicles | 24 | €55,064 | €51,316 | -€3,748 | -6.8% |
| Other tangible fixed assets | 26 | €8,637 | €7,463 | -€1,174 | -13.6% |
| Financial fixed assets | 28 | €3,791,738 | €3,791,560 | -€178 | 0.0% |
| Current assets | 29/58 | €1,079,818 | €780,895 | -€298,923 | -27.7% |
| Amounts receivable within one year | 40/41 | €594,501 | €135,448 | -€459,052 | -77.2% |
| Trade receivables | 40 | €60,119 | €47,163 | -€12,956 | -21.6% |
| Other amounts receivable | 41 | €534,382 | €88,285 | -€446,096 | -83.5% |
| Current investments | 50/53 | €422,861 | €604,330 | +€181,469 | +42.9% |
| Cash at bank and in hand | 54/58 | €57,118 | €37,229 | -€19,889 | -34.8% |
| Deferred charges and accrued income | 490/1 | €5,339 | €3,888 | -€1,451 | -27.2% |
| Total equity and liabilities | 10/49 | €5,638,569 | €5,322,293 | -€316,277 | -5.6% |
| Equity | 10/15 | €4,924,410 | €5,239,860 | +€315,450 | +6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,247,253 | €4,655,253 | +€408,000 | +9.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €329,643 | €245,443 | -€84,200 | -25.5% |
| Distributable reserves | 133 | €3,917,610 | €4,409,810 | +€492,200 | +12.6% |
| Profit (loss) carried forward | 14 | €664,758 | €572,207 | -€92,551 | -13.9% |
| Amounts payable | 17/49 | €714,159 | €82,433 | -€631,726 | -88.5% |
| Amounts payable after more than one year | 17 | €617,973 | €11,154 | -€606,819 | -98.2% |
| Financial debts | 170/4 | €616,443 | €9,404 | -€607,039 | -98.5% |
| Other amounts payable | 178/9 | €1,530 | €1,750 | +€220 | +14.4% |
| Amounts payable within one year | 42/48 | €93,508 | €70,772 | -€22,736 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €31,597 | €10,053 | -€21,544 | -68.2% |
| Financial debts | 43 | €106 | €264 | +€157 | +148.0% |
| Credit institutions | 430/8 | €106 | €264 | +€157 | +148.0% |
| Trade debts | 44 | €6,769 | €5,160 | -€1,609 | -23.8% |
| Suppliers | 440/4 | €6,769 | €5,160 | -€1,609 | -23.8% |
| Taxes, remuneration and social security | 45 | €48,736 | €55,190 | +€6,453 | +13.2% |
| Taxes | 450/3 | €42,477 | €55,028 | +€12,551 | +29.5% |
| Remuneration and social security | 454/9 | €6,259 | €162 | -€6,097 | -97.4% |
| Other amounts payable | 47/48 | €6,300 | €105 | -€6,195 | -98.3% |
| Accrued charges and deferred income | 492/3 | €2,678 | €507 | -€2,171 | -81.1% |
| Non-recurring operating income | 76A | €37,099 | €0 | -€37,099 | -100.0% |
| Remuneration, social security and pensions | 62 | €57,715 | €49,081 | -€8,635 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,825 | €45,959 | +€3,134 | +7.3% |
| Other operating charges | 640/8 | €4,246 | €4,129 | -€117 | -2.8% |
| Gross operating margin | 9900 | €173,265 | €68,218 | -€105,048 | -60.6% |
| Operating profit (loss) | 9901 | €68,479 | -€30,951 | -€99,430 | |
| Financial income | 75/76B | €397,830 | €400,832 | +€3,002 | +0.8% |
| Recurring financial income | 75 | €397,830 | €400,832 | +€3,002 | +0.8% |
| Financial charges | 65/66B | €3,532 | €11,511 | +€7,979 | +225.9% |
| Recurring financial charges | 65 | €3,532 | €11,511 | +€7,979 | +225.9% |
| Profit (loss) for the period before taxes | 9903 | €462,777 | €358,370 | -€104,407 | -22.6% |
| Income taxes | 67/77 | €48,397 | €42,920 | -€5,477 | -11.3% |
| Profit (loss) for the period | 9904 | €414,380 | €315,450 | -€98,930 | -23.9% |
| Transfer from tax-exempt reserves | 789 | €30,260 | €84,200 | +€53,940 | +178.3% |
| Transfer to tax-exempt reserves | 689 | €26,523 | €0 | -€26,523 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €418,117 | €399,650 | -€18,467 | -4.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.