DEVAMO: 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.
DEVAMO
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+24.4%), from €6.6m to €8.2m
of which Land and buildings: +€1.7m
- Receivables within one year -€157,331
down €157,331 (-4.2%), from €3.8m to €3.6m
of which Other amounts receivable: -€594,578
- Contributions +€1.9m
up €1.9m (+45.2%), from €4.1m to €6.0m
of which Outside capital: +€1.6m
- Trade debts -€332,441
down €332,441 (-56.3%), from €590,309 to €257,868
- Other debts +€310,568
up €310,568 (+115.6%), from €268,762 to €579,330
- Debts after one year -€277,932
down €277,932 (-100.0%), from €277,932 to €0
- Current portion of long-term debt -€222,345
down €222,345 (-100.0%), from €222,345 to €0
- Financial income -€2.0m
down €2.0m (-94.5%), from €2.1m to €114,494
of which Non-recurring financial income: -€1.9m
- Depreciation +€79,092
up €79,092 (+62.8%), from €125,874 to €204,966
- Gross operating margin +€26,107
up €26,107 (+31.6%), from €82,574 to €108,681
- Taxes -€4,460
down €4,460 (-100.0%), from €4,460 to €0
- Financial charges +€1,786
up €1,786 (+14.2%), from €12,604 to €14,390
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 | €10,505,665 | €11,983,578 | +€1.5m | +14.1% |
| Fixed assets | 21/28 | €6,616,193 | €8,229,055 | +€1.6m | +24.4% |
| Tangible fixed assets | 22/27 | €6,602,193 | €8,215,055 | +€1.6m | +24.4% |
| Land and buildings | 22 | €6,362,112 | €8,015,055 | +€1.7m | +26.0% |
| Leasing and similar rights | 25 | €199,999 | €199,999 | = | 0.0% |
| Other tangible fixed assets | 26 | €40,082 | €0 | -€40,082 | -100.0% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €3,889,472 | €3,754,524 | -€134,948 | -3.5% |
| Stocks and contracts in progress | 3 | €16,838 | €16,838 | = | 0.0% |
| Stocks | 30/36 | €16,838 | €16,838 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,780,956 | €3,623,625 | -€157,331 | -4.2% |
| Trade receivables | 40 | €54,398 | €491,645 | +€437,247 | +803.8% |
| Other amounts receivable | 41 | €3,726,558 | €3,131,980 | -€594,578 | -16.0% |
| Cash at bank and in hand | 54/58 | €85,460 | €107,039 | +€21,579 | +25.3% |
| Deferred charges and accrued income | 490/1 | €6,218 | €7,022 | +€803 | +12.9% |
| Total equity and liabilities | 10/49 | €10,505,665 | €11,983,578 | +€1.5m | +14.1% |
| Equity | 10/15 | €9,113,625 | €11,135,606 | +€2.0m | +22.2% |
| Contributions | 10/11 | €4,106,439 | €5,961,745 | +€1.9m | +45.2% |
| Capital | 10 | €3,064,348 | €3,357,116 | +€292,768 | +9.6% |
| Issued capital | 100 | €3,064,348 | €3,357,116 | +€292,768 | +9.6% |
| Outside capital | 11 | €1,042,091 | €2,604,629 | +€1.6m | +149.9% |
| Share premium | 1100/10 | €1,042,091 | €2,604,629 | +€1.6m | +149.9% |
| Reserves | 13 | €4,899,650 | €5,066,325 | +€166,675 | +3.4% |
| Non-distributable reserves | 130/1 | €272,063 | €382,594 | +€110,531 | +40.6% |
| Legal reserve | 130 | €272,063 | €382,594 | +€110,531 | +40.6% |
| Tax-exempt reserves | 132 | €245,533 | €257,600 | +€12,067 | +4.9% |
| Distributable reserves | 133 | €4,382,054 | €4,426,131 | +€44,077 | +1.0% |
| Investment grants | 15 | €107,536 | €107,536 | = | 0.0% |
| Amounts payable | 17/49 | €1,392,040 | €847,972 | -€544,068 | -39.1% |
| Amounts payable after more than one year | 17 | €277,932 | €0 | -€277,932 | -100.0% |
| Financial debts | 170/4 | €277,932 | €0 | -€277,932 | -100.0% |
| Amounts payable within one year | 42/48 | €1,094,741 | €837,198 | -€257,543 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €222,345 | €0 | -€222,345 | -100.0% |
| Trade debts | 44 | €590,309 | €257,868 | -€332,441 | -56.3% |
| Suppliers | 440/4 | €590,309 | €257,868 | -€332,441 | -56.3% |
| Taxes, remuneration and social security | 45 | €13,324 | €0 | -€13,324 | -100.0% |
| Taxes | 450/3 | €13,324 | €0 | -€13,324 | -100.0% |
| Other amounts payable | 47/48 | €268,762 | €579,330 | +€310,568 | +115.6% |
| Accrued charges and deferred income | 492/3 | €19,367 | €10,774 | -€8,594 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,874 | €204,966 | +€79,092 | +62.8% |
| Other operating charges | 640/8 | €46,211 | €46,395 | +€184 | +0.4% |
| Gross operating margin | 9900 | €82,574 | €108,681 | +€26,107 | +31.6% |
| Operating profit (loss) | 9901 | -€89,512 | -€142,680 | -€53,168 | -59.4% |
| Financial income | 75/76B | €2,065,020 | €114,494 | -€2.0m | -94.5% |
| Recurring financial income | 75 | €118,826 | €114,494 | -€4,333 | -3.6% |
| Non-recurring financial income | 76B | €1,946,194 | €0 | -€1.9m | -100.0% |
| Financial charges | 65/66B | €12,604 | €14,390 | +€1,786 | +14.2% |
| Recurring financial charges | 65 | €12,604 | €14,390 | +€1,786 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €1,962,904 | -€42,576 | -€2.0m | |
| Income taxes | 67/77 | €4,460 | €0 | -€4,460 | -100.0% |
| Profit (loss) for the period | 9904 | €1,958,444 | -€42,576 | -€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,958,444 | -€42,576 | -€2.0m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.