DEVAMA: 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.
DEVAMA
Largest movements
- Tangible fixed assets -€11,917
down €11,917 (-1.4%), from €827,860 to €815,943
- Profit (loss) carried forward -€38,736
down €38,736 (-22.0%), from -€176,200 to -€214,936
- Short-term financial debts +€30,351
up €30,351 (+11.3%), from €267,742 to €298,093
- Trade debts -€13,553
down €13,553 (-78.8%), from €17,191 to €3,637
- Financial charges +€11,429
up €11,429 (+61.5%), from €18,587 to €30,016
- Gross operating margin -€7,136
down €7,136 (-67.4%), from €10,582 to €3,446
- Other operating charges -€6,317
down €6,317 (-73.9%), from €8,544 to €2,227
- Depreciation -€3,805
down €3,805 (-24.2%), from €15,722 to €11,917
- Financial income +€1,303
new in 2025: €1,303
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,083,965 | €1,072,172 | -€11,794 | -1.1% |
| Fixed assets | 21/28 | €827,860 | €815,943 | -€11,917 | -1.4% |
| Tangible fixed assets | 22/27 | €827,860 | €815,943 | -€11,917 | -1.4% |
| Land and buildings | 22 | €827,860 | €815,943 | -€11,917 | -1.4% |
| Current assets | 29/58 | €256,106 | €256,229 | +€123 | 0.0% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,883 | €3,005 | +€123 | +4.3% |
| Trade receivables | 40 | €726 | - | -€726 | |
| Other amounts receivable | 41 | €2,157 | €3,005 | +€849 | +39.4% |
| Deferred charges and accrued income | 490/1 | €3,223 | €3,223 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,083,965 | €1,072,172 | -€11,794 | -1.1% |
| Equity | 10/15 | €175,291 | €135,880 | -€39,411 | -22.5% |
| Contributions | 10/11 | €156,669 | €156,669 | = | 0.0% |
| Capital | 10 | €156,669 | €156,669 | = | 0.0% |
| Issued capital | 100 | €156,669 | €156,669 | = | 0.0% |
| Revaluation surpluses | 12 | €179,155 | €178,480 | -€675 | -0.4% |
| Reserves | 13 | €15,667 | €15,667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,667 | €15,667 | = | 0.0% |
| Legal reserve | 130 | €15,667 | €15,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,200 | -€214,936 | -€38,736 | -22.0% |
| Amounts payable | 17/49 | €908,674 | €936,292 | +€27,618 | +3.0% |
| Amounts payable after more than one year | 17 | €613,410 | €615,457 | +€2,047 | +0.3% |
| Financial debts | 170/4 | €12,074 | €881 | -€11,193 | -92.7% |
| Other amounts payable | 178/9 | €601,336 | €614,576 | +€13,240 | +2.2% |
| Amounts payable within one year | 42/48 | €295,264 | €320,835 | +€25,571 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €10,332 | €10,332 | = | 0.0% |
| Financial debts | 43 | €267,742 | €298,093 | +€30,351 | +11.3% |
| Credit institutions | 430/8 | €267,742 | €298,093 | +€30,351 | +11.3% |
| Trade debts | 44 | €17,191 | €3,637 | -€13,553 | -78.8% |
| Suppliers | 440/4 | €17,191 | €3,637 | -€13,553 | -78.8% |
| Other amounts payable | 47/48 | - | €8,772 | +€8,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,722 | €11,917 | -€3,805 | -24.2% |
| Other operating charges | 640/8 | €8,544 | €2,227 | -€6,317 | -73.9% |
| Gross operating margin | 9900 | €10,582 | €3,446 | -€7,136 | -67.4% |
| Operating profit (loss) | 9901 | -€13,683 | -€10,698 | +€2,986 | +21.8% |
| Financial income | 75/76B | - | €1,303 | +€1,303 | |
| Recurring financial income | 75 | - | €1,303 | +€1,303 | |
| Financial charges | 65/66B | €18,587 | €30,016 | +€11,429 | +61.5% |
| Recurring financial charges | 65 | €18,587 | €30,016 | +€11,429 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,271 | -€39,411 | -€7,141 | -22.1% |
| Profit (loss) for the period | 9904 | -€32,271 | -€39,411 | -€7,141 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,271 | -€39,411 | -€7,141 | -22.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.