DEVALEC: 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.
DEVALEC
Largest movements
- Tangible fixed assets -€14,910
down €14,910 (-9.7%), from €154,393 to €139,483
of which Furniture and vehicles: -€12,218
- Profit (loss) carried forward -€41,780
down €41,780 (-9.2%), from -€456,463 to -€498,243
- Other debts +€39,830
up €39,830 (+8.8%), from €452,879 to €492,708
- Trade debts -€9,542
down €9,542 (-6.1%), from €157,570 to €148,028
- Debts after one year -€8,394
down €8,394 (-64.6%), from €13,000 to €4,606
- Current portion of long-term debt +€4,328
new in 2025: €4,328
- Taxes -€15,690
down €15,690 (-99.0%), from €15,854 to €164
- Depreciation +€12,517
up €12,517 (+522.9%), from €2,394 to €14,910
- Gross operating margin -€3,754
down €3,754 (-22.7%), from -€16,523 to -€20,277
- Other operating charges -€1,684
down €1,684 (-32.0%), from €5,259 to €3,575
- Financial charges +€455
up €455 (+18.5%), from €2,460 to €2,915
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 | €203,570 | €187,822 | -€15,747 | -7.7% |
| Fixed assets | 21/28 | €154,674 | €139,764 | -€14,910 | -9.6% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €154,393 | €139,483 | -€14,910 | -9.7% |
| Land and buildings | 22 | €88,713 | €87,139 | -€1,574 | -1.8% |
| Plant, machinery and equipment | 23 | €5,594 | €4,475 | -€1,119 | -20.0% |
| Furniture and vehicles | 24 | €60,087 | €47,869 | -€12,218 | -20.3% |
| Financial fixed assets | 28 | €281 | €281 | = | 0.0% |
| Current assets | 29/58 | €48,895 | €48,058 | -€837 | -1.7% |
| Stocks and contracts in progress | 3 | €37,561 | €37,561 | = | 0.0% |
| Stocks | 30/36 | €37,561 | €37,561 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,398 | €9,544 | -€854 | -8.2% |
| Trade receivables | 40 | €7,835 | €5,913 | -€1,922 | -24.5% |
| Other amounts receivable | 41 | €2,563 | €3,631 | +€1,068 | +41.7% |
| Current investments | 50/53 | €620 | €620 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €317 | €334 | +€17 | +5.4% |
| Total equity and liabilities | 10/49 | €203,570 | €187,822 | -€15,747 | -7.7% |
| Equity | 10/15 | -€434,313 | -€476,093 | -€41,780 | -9.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €3,400 | €3,400 | = | 0.0% |
| Distributable reserves | 133 | €3,400 | €3,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€456,463 | -€498,243 | -€41,780 | -9.2% |
| Amounts payable | 17/49 | €637,883 | €663,915 | +€26,033 | +4.1% |
| Amounts payable after more than one year | 17 | €13,000 | €4,606 | -€8,394 | -64.6% |
| Financial debts | 170/4 | €13,000 | €4,606 | -€8,394 | -64.6% |
| Amounts payable within one year | 42/48 | €624,883 | €659,309 | +€34,427 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,328 | +€4,328 | |
| Financial debts | 43 | €14,434 | €14,245 | -€189 | -1.3% |
| Credit institutions | 430/8 | €14,434 | €14,245 | -€189 | -1.3% |
| Trade debts | 44 | €157,570 | €148,028 | -€9,542 | -6.1% |
| Suppliers | 440/4 | €157,570 | €148,028 | -€9,542 | -6.1% |
| Other amounts payable | 47/48 | €452,879 | €492,708 | +€39,830 | +8.8% |
| Non-recurring operating income | 76A | €1,299 | - | -€1,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,394 | €14,910 | +€12,517 | +522.9% |
| Other operating charges | 640/8 | €5,259 | €3,575 | -€1,684 | -32.0% |
| Gross operating margin | 9900 | -€16,523 | -€20,277 | -€3,754 | -22.7% |
| Operating profit (loss) | 9901 | -€24,175 | -€38,761 | -€14,586 | -60.3% |
| Financial income | 75/76B | €15 | €60 | +€45 | +294.3% |
| Recurring financial income | 75 | €15 | €60 | +€45 | +294.3% |
| Financial charges | 65/66B | €2,460 | €2,915 | +€455 | +18.5% |
| Recurring financial charges | 65 | €2,460 | €2,915 | +€455 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,620 | -€41,616 | -€14,996 | -56.3% |
| Income taxes | 67/77 | €15,854 | €164 | -€15,690 | -99.0% |
| Profit (loss) for the period | 9904 | -€42,474 | -€41,780 | +€694 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,474 | -€41,780 | +€694 | +1.6% |
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.