DEVALO: 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.
DEVALO
Largest movements
- Current investments -€372,702
down €372,702 (-37.1%), from €1.0m to €631,297
- Tangible fixed assets -€73,427
down €73,427 (-58.4%), from €125,746 to €52,319
- Receivables within one year +€43,604
up €43,604 (+50.7%), from €85,926 to €129,530
of which Other amounts receivable: +€46,347
- Financial fixed assets -€14,173
down €14,173 (-72.2%), from €19,633 to €5,460
- Contributions -€599,926
down €599,926 (-80.0%), from €749,927 to €150,001
- Reserves +€224,366
up €224,366 (+50.5%), from €443,957 to €668,323
- Current portion of long-term debt -€37,452
no longer reported in 2025 (was €37,452)
- Financial income -€376,852
down €376,852 (-97.1%), from €388,064 to €11,212
of which Non-recurring financial income: -€387,104
- Gross operating margin +€352,795
up €352,795, from -€2,109 to €350,686
- Financial charges +€14,249
up €14,249 (+15453.9%), from €92 to €14,341
of which Non-recurring financial charges: +€14,173
- Taxes -€7,500
down €7,500 (-6.4%), from €117,633 to €110,132
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,235,304 | €818,605 | -€416,699 | -33.7% |
| Fixed assets | 21/28 | €145,379 | €57,779 | -€87,600 | -60.3% |
| Tangible fixed assets | 22/27 | €125,746 | €52,319 | -€73,427 | -58.4% |
| Land and buildings | 22 | €125,746 | €52,319 | -€73,427 | -58.4% |
| Financial fixed assets | 28 | €19,633 | €5,460 | -€14,173 | -72.2% |
| Current assets | 29/58 | €1,089,925 | €760,827 | -€329,099 | -30.2% |
| Amounts receivable within one year | 40/41 | €85,926 | €129,530 | +€43,604 | +50.7% |
| Trade receivables | 40 | €2,743 | - | -€2,743 | |
| Other amounts receivable | 41 | €83,183 | €129,530 | +€46,347 | +55.7% |
| Current investments | 50/53 | €1,003,999 | €631,297 | -€372,702 | -37.1% |
| Total equity and liabilities | 10/49 | €1,235,304 | €818,605 | -€416,699 | -33.7% |
| Equity | 10/15 | €1,193,885 | €818,324 | -€375,561 | -31.5% |
| Contributions | 10/11 | €749,927 | €150,001 | -€599,926 | -80.0% |
| Reserves | 13 | €443,957 | €668,323 | +€224,366 | +50.5% |
| Distributable reserves | 133 | €443,957 | €668,323 | +€224,366 | +50.5% |
| Amounts payable | 17/49 | €41,419 | €281 | -€41,138 | -99.3% |
| Amounts payable within one year | 42/48 | €41,072 | €281 | -€40,791 | -99.3% |
| Current portion of amounts payable after more than one year | 42 | €37,452 | - | -€37,452 | |
| Trade debts | 44 | €2,844 | - | -€2,844 | |
| Suppliers | 440/4 | €2,844 | - | -€2,844 | |
| Other amounts payable | 47/48 | €776 | €281 | -€495 | -63.8% |
| Accrued charges and deferred income | 492/3 | €348 | - | -€348 | |
| Non-recurring operating income | 76A | - | €334,721 | +€334,721 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,464 | €8,148 | -€1,316 | -13.9% |
| Other operating charges | 640/8 | €6,696 | €4,910 | -€1,786 | -26.7% |
| Gross operating margin | 9900 | -€2,109 | €350,686 | +€352,795 | |
| Operating profit (loss) | 9901 | -€18,269 | €337,627 | +€355,896 | |
| Financial income | 75/76B | €388,064 | €11,212 | -€376,852 | -97.1% |
| Recurring financial income | 75 | €960 | €11,212 | +€10,252 | +1067.9% |
| Non-recurring financial income | 76B | €387,104 | - | -€387,104 | |
| Financial charges | 65/66B | €92 | €14,341 | +€14,249 | +15453.9% |
| Recurring financial charges | 65 | €92 | €167 | +€75 | +81.6% |
| Non-recurring financial charges | 66B | - | €14,173 | +€14,173 | |
| Profit (loss) for the period before taxes | 9903 | €369,703 | €334,498 | -€35,205 | -9.5% |
| Income taxes | 67/77 | €117,633 | €110,132 | -€7,500 | -6.4% |
| Profit (loss) for the period | 9904 | €252,070 | €224,366 | -€27,704 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €252,070 | €224,366 | -€27,704 | -11.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.