DEVAH: 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.
DEVAH
Largest movements
- Receivables within one year -€22,312
down €22,312 (-87.6%), from €25,470 to €3,158
of which Trade receivables: -€23,841
- Cash +€18,780
up €18,780 (+11.1%), from €168,725 to €187,506
mainly Other debts (+€47,493) and Receivables within one year (+€22,312)
- Tangible fixed assets -€14,271
down €14,271 (-29.5%), from €48,448 to €34,177
- Reserves -€59,312
down €59,312 (-30.7%), from €193,213 to €133,901
- Other debts +€47,493
up €47,493 (+190%), from €24,974 to €72,467
- Tax, wage and social debts -€5,400
down €5,400 (-100%), from €5,400 to €0
- Gross operating margin -€8,923
down €8,923 (-22.1%), from €40,456 to €31,534
- Taxes -€2,573
down €2,573 (-33.3%), from €7,722 to €5,149
- Financial income -€1,250
down €1,250 (-37.5%), from €3,336 to €2,086
- Depreciation -€718
down €718 (-4.3%), from €16,670 to €15,952
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 | €243,309 | €225,535 | -€17,774 | -7.3% |
| Fixed assets | 21/28 | €48,448 | €34,177 | -€14,271 | -29.5% |
| Tangible fixed assets | 22/27 | €48,448 | €34,177 | -€14,271 | -29.5% |
| Furniture and vehicles | 24 | €48,448 | €34,177 | -€14,271 | -29.5% |
| Current assets | 29/58 | €194,860 | €191,358 | -€3,502 | -1.8% |
| Amounts receivable within one year | 40/41 | €25,470 | €3,158 | -€22,312 | -87.6% |
| Trade receivables | 40 | €23,841 | €0 | -€23,841 | -100% |
| Other amounts receivable | 41 | €1,630 | €3,158 | +€1,529 | +93.8% |
| Cash at bank and in hand | 54/58 | €168,725 | €187,506 | +€18,780 | +11.1% |
| Deferred charges and accrued income | 490/1 | €665 | €694 | +€29 | +4.4% |
| Total equity and liabilities | 10/49 | €243,309 | €225,535 | -€17,774 | -7.3% |
| Equity | 10/15 | €212,213 | €152,901 | -€59,312 | -27.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €193,213 | €133,901 | -€59,312 | -30.7% |
| Distributable reserves | 133 | €193,213 | €133,901 | -€59,312 | -30.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,096 | €72,634 | +€41,538 | +134% |
| Amounts payable within one year | 42/48 | €31,096 | €72,634 | +€41,538 | +134% |
| Trade debts | 44 | €722 | €167 | -€555 | -76.8% |
| Suppliers | 440/4 | €722 | €167 | -€555 | -76.8% |
| Taxes, remuneration and social security | 45 | €5,400 | €0 | -€5,400 | -100% |
| Taxes | 450/3 | €5,400 | €0 | -€5,400 | -100% |
| Other amounts payable | 47/48 | €24,974 | €72,467 | +€47,493 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,670 | €15,952 | -€718 | -4.3% |
| Other operating charges | 640/8 | €354 | €305 | -€49 | -13.9% |
| Gross operating margin | 9900 | €40,456 | €31,534 | -€8,923 | -22.1% |
| Operating profit (loss) | 9901 | €23,433 | €15,277 | -€8,156 | -34.8% |
| Financial income | 75/76B | €3,336 | €2,086 | -€1,250 | -37.5% |
| Recurring financial income | 75 | €3,336 | €2,086 | -€1,250 | -37.5% |
| Financial charges | 65/66B | €95 | €91 | -€4 | -3.8% |
| Recurring financial charges | 65 | €95 | €91 | -€4 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €26,674 | €17,272 | -€9,402 | -35.2% |
| Income taxes | 67/77 | €7,722 | €5,149 | -€2,573 | -33.3% |
| Profit (loss) for the period | 9904 | €18,952 | €12,123 | -€6,829 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,952 | €12,123 | -€6,829 | -36.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.