Devagro Aannemingen: 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
Devagro Aannemingen
NACE 42.110, Construction of roads and motorways
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.8m
2024 · €155,384-€1.9m
Equity
€11.3m
2024 · €13.0m-€1.8m
Cash
€1.2m
2024 · €1.2m+€59,823
Balance sheet total
€21.9m
2024 · €19.5m+€2.4m
Largest movements
Assets
- Receivables after one year +€3.7m
new in 2025: €3.7m
- Financial fixed assets -€556,836
down €556,836 (-100.0%), from €557,106 to €270
of which Affiliated companies: -€556,836
- Current investments -€499,692
down €499,692 (-100.0%), from €499,692 to €0
- Receivables within one year -€352,819
down €352,819 (-4.4%), from €8.0m to €7.6m
of which Other amounts receivable: -€4.5m
Equity and liabilities
- Other debts +€2.7m
up €2.7m (+236.3%), from €1.1m to €3.8m
- Profit (loss) carried forward -€1.6m
down €1.6m (-100.0%), from €1.6m to €0
- Trade debts +€1.1m
up €1.1m (+24.9%), from €4.6m to €5.8m
- Provisions +€246,796
up €246,796 (+1360.4%), from €18,141 to €264,937
of which Provisions for liabilities and charges: +€203,673
Income statement
- Turnover +€5.3m
up €5.3m (+18.8%), from €28.3m to €33.6m
- Services and other goods +€2.0m
up €2.0m (+31.9%), from €6.3m to €8.3m
- Staff costs +€1.9m
up €1.9m (+40.7%), from €4.7m to €6.6m
- Goods and materials +€1.6m
up €1.6m (+10.3%), from €15.2m to €16.8m
- Other operating income +€1.1m
up €1.1m (+268.8%), from €427,300 to €1.6m
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
€155,384
Turnover
+€5.3m
Other operating income
+€1.1m
Goods and materials
-€1.6m
Services and other goods
-€2.0m
Staff costs
-€1.9m
Depreciation
-€339,841
Write-downs
-€2,397
Provisions
-€203,673
Other operating charges
+€44,112
Other operating items
-€1.9m
Financial income
+€30,898
Financial charges
-€709,278
Taxes
+€193,944
Deferred taxes and other
-€43,393
Result 2025
-€1.8m
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
+€817,608
Investment
-€755,723
Financing
-€2,063
Cash 2024
€1.2m
From operations (derived)
+€817,608
Net result for the year
-€1.8m
Depreciation
+€1.7m
Receivables after one year
-€3.7m
Smaller working-capital items
+€1,691
Receivables within one year
+€352,819
Provisions
+€246,796
Trade debts
+€1.1m
Tax, wage and social debts
+€16,968
Other debts
+€2.7m
Accrued charges and deferred income
+€38,147
Investment (derived)
-€755,723
Investment in fixed assets (net)
-€1.3m
Current investments
+€499,692
Financing
-€2,063
Contributions, distributions and other
-€2,063
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,481,277 | €21,860,638 | +€2.4m | +12.2% |
| Fixed assets | 21/28 | €8,846,724 | €8,360,864 | -€485,860 | -5.5% |
| Tangible fixed assets | 22/27 | €8,289,618 | €8,360,594 | +€70,976 | +0.9% |
| Land and buildings | 22 | €3,319,869 | €3,126,733 | -€193,136 | -5.8% |
| Plant, machinery and equipment | 23 | €2,772,305 | €3,166,946 | +€394,641 | +14.2% |
| Furniture and vehicles | 24 | €2,195,239 | €1,916,524 | -€278,715 | -12.7% |
| Other tangible fixed assets | 26 | €2,205 | €0 | -€2,205 | -100.0% |
| Assets under construction and advance payments | 27 | - | €150,390 | +€150,390 | |
| Financial fixed assets | 28 | €557,106 | €270 | -€556,836 | -100.0% |
| Affiliated companies | 280/1 | €556,836 | €0 | -€556,836 | -100.0% |
| Participating interests | 280 | €556,836 | €0 | -€556,836 | -100.0% |
| Other financial fixed assets | 284/8 | €270 | €270 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €10,634,553 | €13,499,774 | +€2.9m | +26.9% |
| Amounts receivable after more than one year | 29 | - | €3,659,601 | +€3.7m | |
| Other amounts receivable | 291 | - | €3,659,601 | +€3.7m | |
| Stocks and contracts in progress | 3 | €933,030 | €934,668 | +€1,638 | +0.2% |
| Stocks | 30/36 | €570,032 | €570,032 | = | 0.0% |
| Property held for sale | 35 | €570,032 | €570,032 | = | 0.0% |
| Contracts in progress | 37 | €362,998 | €364,636 | +€1,638 | +0.5% |
| Amounts receivable within one year | 40/41 | €7,969,113 | €7,616,295 | -€352,819 | -4.4% |
| Trade receivables | 40 | €3,468,959 | €7,616,295 | +€4.1m | +119.6% |
| Other amounts receivable | 41 | €4,500,154 | €0 | -€4.5m | -100.0% |
| Current investments | 50/53 | €499,692 | €0 | -€499,692 | -100.0% |
| Other investments | 51/53 | €499,692 | €0 | -€499,692 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,160,257 | €1,220,080 | +€59,823 | +5.2% |
| Deferred charges and accrued income | 490/1 | €72,460 | €69,131 | -€3,329 | -4.6% |
| Total equity and liabilities | 10/49 | €19,481,277 | €21,860,638 | +€2.4m | +12.2% |
| Equity | 10/15 | €13,039,849 | €11,271,692 | -€1.8m | -13.6% |
| Contributions | 10/11 | €519,733 | €519,733 | = | 0.0% |
| Capital | 10 | €519,733 | €519,733 | = | 0.0% |
| Issued capital | 100 | €519,733 | €519,733 | = | 0.0% |
| Reserves | 13 | €10,916,251 | €10,751,959 | -€164,292 | -1.5% |
| Non-distributable reserves | 130/1 | €46,769 | €46,769 | = | 0.0% |
| Legal reserve | 130 | €46,769 | €46,769 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,026,623 | €6,121,742 | +€95,119 | +1.6% |
| Distributable reserves | 133 | €4,842,860 | €4,583,448 | -€259,412 | -5.4% |
| Profit (loss) carried forward | 14 | €1,603,865 | €0 | -€1.6m | -100.0% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €18,141 | €264,937 | +€246,796 | +1360.4% |
| Provisions for liabilities and charges | 160/5 | - | €203,673 | +€203,673 | |
| Other liabilities and charges | 164/5 | - | €203,673 | +€203,673 | |
| Deferred taxes | 168 | €18,141 | €61,263 | +€43,123 | +237.7% |
| Amounts payable | 17/49 | €6,423,287 | €10,324,009 | +€3.9m | +60.7% |
| Amounts payable within one year | 42/48 | €6,423,287 | €10,285,862 | +€3.9m | +60.1% |
| Trade debts | 44 | €4,607,807 | €5,755,919 | +€1.1m | +24.9% |
| Suppliers | 440/4 | €4,607,807 | €5,755,919 | +€1.1m | +24.9% |
| Taxes, remuneration and social security | 45 | €674,014 | €690,982 | +€16,968 | +2.5% |
| Taxes | 450/3 | €207,074 | €138,423 | -€68,651 | -33.2% |
| Remuneration and social security | 454/9 | €466,939 | €552,559 | +€85,620 | +18.3% |
| Other amounts payable | 47/48 | €1,141,466 | €3,838,961 | +€2.7m | +236.3% |
| Accrued charges and deferred income | 492/3 | - | €38,147 | +€38,147 | |
| Operating income | 70/76A | €28,752,150 | €35,279,520 | +€6.5m | +22.7% |
| Turnover | 70 | €28,314,280 | €33,633,127 | +€5.3m | +18.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €5,315 | €1,638 | -€3,676 | -69.2% |
| Own construction capitalised | 72 | - | €7,231 | +€7,231 | |
| Other operating income | 74 | €427,300 | €1,576,074 | +€1.1m | +268.8% |
| Non-recurring operating income | 76A | €5,255 | €61,449 | +€56,195 | +1069.4% |
| Operating charges | 60/66A | €27,808,908 | €35,729,929 | +€7.9m | +28.5% |
| Goods for resale, raw materials and consumables | 60 | €15,228,082 | €16,803,657 | +€1.6m | +10.3% |
| Purchases | 600/8 | €15,228,082 | €16,803,657 | +€1.6m | +10.3% |
| Services and other goods | 61 | €6,312,681 | €8,325,356 | +€2.0m | +31.9% |
| Remuneration, social security and pensions | 62 | €4,659,585 | €6,554,241 | +€1.9m | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401,434 | €1,741,276 | +€339,841 | +24.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,697 | -€5,300 | +€2,397 | +31.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €203,673 | +€203,673 | |
| Other operating charges | 640/8 | €199,530 | €155,418 | -€44,112 | -22.1% |
| Non-recurring operating charges | 66A | €15,293 | €1,951,608 | +€1.9m | +12661.6% |
| Operating profit (loss) | 9901 | €943,242 | -€450,409 | -€1.4m | |
| Financial income | 75/76B | €190,158 | €221,057 | +€30,898 | +16.2% |
| Recurring financial income | 75 | €190,158 | €221,057 | +€30,898 | +16.2% |
| Income from financial fixed assets | 750 | €54,438 | €0 | -€54,438 | -100.0% |
| Income from current assets | 751 | €8,651 | €122,957 | +€114,306 | +1321.2% |
| Other financial income | 752/9 | €127,069 | €98,099 | -€28,970 | -22.8% |
| Financial charges | 65/66B | €769,190 | €1,478,468 | +€709,278 | +92.2% |
| Recurring financial charges | 65 | €769,190 | €1,478,468 | +€709,278 | +92.2% |
| Debt charges | 650 | €17,353 | €2,005,889 | +€2.0m | +11459.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€66,177 | -€533,459 | -€467,281 | -706.1% |
| Other financial charges | 652/9 | €818,014 | €6,038 | -€811,976 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €364,210 | -€1,707,820 | -€2.1m | |
| Transfer from deferred taxes | 780 | €2,333 | €12,360 | +€10,028 | +429.9% |
| Transfer to deferred taxes | 680 | €0 | €53,420 | +€53,420 | |
| Income taxes | 67/77 | €211,159 | €17,215 | -€193,944 | -91.8% |
| Taxes | 670/3 | €211,159 | €17,215 | -€193,944 | -91.8% |
| Profit (loss) for the period | 9904 | €155,384 | -€1,766,095 | -€1.9m | |
| Transfer from tax-exempt reserves | 789 | €6,998 | €27,466 | +€20,467 | +292.5% |
| Transfer to tax-exempt reserves | 689 | €98,500 | €124,648 | +€26,148 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,882 | -€1,863,277 | -€1.9m |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.