DEVALCO: 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.
DEVALCO
Largest movements
- Receivables within one year +€4,097
up €4,097 (+1489.8%), from €275 to €4,372
of which Trade receivables: +€4,127
- Cash -€2,428
down €2,428 (-88.3%), from €2,749 to €321
mainly Receivables within one year (-€4,097) and Investment in fixed assets (net) (-€908)
- Tangible fixed assets +€726
up €726, from €0 to €726
- Current investments -€500
down €500 (-100.0%), from €500 to €0
- Profit (loss) carried forward +€935
up €935 (+18.1%), from -€5,177 to -€4,242
- Tax, wage and social debts +€781
up €781 (+524.2%), from €149 to €930
- Other debts +€185
up €185 (+14.8%), from €1,251 to €1,436
- Purchases and services -€3,328
down €3,328 (-30.2%), from €11,002 to €7,674
- Gross operating margin +€2,881
up €2,881, from -€747 to €2,134
- Turnover -€447
down €447 (-4.4%), from €10,255 to €9,808
- Taxes +€394
up €394 (+254.2%), from €155 to €549
- Depreciation +€182
up €182, from €0 to €182
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,524 | €5,419 | +€1,895 | +53.8% |
| Fixed assets | 21/28 | €0 | €726 | +€726 | |
| Tangible fixed assets | 22/27 | €0 | €726 | +€726 | |
| Furniture and vehicles | 24 | €0 | €726 | +€726 | |
| Current assets | 29/58 | €3,524 | €4,693 | +€1,169 | +33.2% |
| Amounts receivable within one year | 40/41 | €275 | €4,372 | +€4,097 | +1489.8% |
| Trade receivables | 40 | €0 | €4,127 | +€4,127 | |
| Other amounts receivable | 41 | €275 | €245 | -€30 | -10.9% |
| Current investments | 50/53 | €500 | €0 | -€500 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,749 | €321 | -€2,428 | -88.3% |
| Total equity and liabilities | 10/49 | €3,524 | €5,419 | +€1,895 | +53.8% |
| Equity | 10/15 | €1,844 | €2,779 | +€935 | +50.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €821 | €821 | = | 0.0% |
| Non-distributable reserves | 130/1 | €821 | €821 | = | 0.0% |
| Legal reserve | 130 | €821 | €821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,177 | -€4,242 | +€935 | +18.1% |
| Amounts payable | 17/49 | €1,680 | €2,640 | +€960 | +57.1% |
| Amounts payable within one year | 42/48 | €1,680 | €2,640 | +€960 | +57.1% |
| Trade debts | 44 | €280 | €274 | -€6 | -2.1% |
| Suppliers | 440/4 | €280 | €274 | -€6 | -2.1% |
| Taxes, remuneration and social security | 45 | €149 | €930 | +€781 | +524.2% |
| Taxes | 450/3 | €149 | €930 | +€781 | +524.2% |
| Other amounts payable | 47/48 | €1,251 | €1,436 | +€185 | +14.8% |
| Turnover | 70 | €10,255 | €9,808 | -€447 | -4.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,002 | €7,674 | -€3,328 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €182 | +€182 | |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€747 | €2,134 | +€2,881 | |
| Operating profit (loss) | 9901 | -€1,134 | €1,552 | +€2,686 | |
| Financial income | 75/76B | €13 | €4 | -€9 | -69.2% |
| Recurring financial income | 75 | €13 | €4 | -€9 | -69.2% |
| Financial charges | 65/66B | €106 | €72 | -€34 | -32.1% |
| Recurring financial charges | 65 | €106 | €72 | -€34 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,227 | €1,484 | +€2,711 | |
| Income taxes | 67/77 | €155 | €549 | +€394 | +254.2% |
| Profit (loss) for the period | 9904 | -€1,382 | €935 | +€2,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,382 | €935 | +€2,317 |
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 12 October 2026 via checked.be.