DEVAN: what changed
What changed
DEVAN
NACE 22.220, Manufacture of rubber and plastic products
filed annual accounts (NBB)
Net result for the year
€711,035
2024 · €761,877-€50,842
Equity
€3.6m
2024 · €2.9m+€711,035
Cash
€45,551
2024 · €266,790-€221,240
Balance sheet total
€6.5m
2024 · €5.8m+€657,108
Largest movements
Assets
- Stocks and contracts +€444,869
up €444,869 (+79.1%), from €562,682 to €1.0m
- Receivables within one year +€227,914
up €227,914 (+33.2%), from €685,880 to €913,794
of which Trade receivables: +€342,270
- Cash -€221,240
down €221,240 (-82.9%), from €266,790 to €45,551
mainly Investment in fixed assets (net) (-€876,043) and Stocks and contracts (-€444,869)
- Tangible fixed assets +€125,138
up €125,138 (+2.9%), from €4.3m to €4.4m
of which Plant, machinery and equipment: +€143,415
Equity and liabilities
- Reserves +€715,459
up €715,459 (+25.3%), from €2.8m to €3.5m
of which Distributable reserves: +€408,034
- Debts after one year -€208,582
down €208,582 (-8.7%), from €2.4m to €2.2m
of which Financial debts: -€208,582
- Trade debts +€127,077
up €127,077 (+65.7%), from €193,391 to €320,468
- Tax, wage and social debts +€73,383
up €73,383 (+525%), from €13,979 to €87,362
of which Taxes: +€47,322
Income statement
- Gross operating margin +€121,385
up €121,385 (+6.5%), from €1.9m to €2.0m
- Taxes +€60,417
up €60,417 (+53.9%), from €112,096 to €172,513
- Staff costs +€51,818
up €51,818 (+19.4%), from €267,044 to €318,862
- Depreciation +€37,082
up €37,082 (+5.7%), from €656,011 to €693,093
- Financial charges +€31,729
up €31,729 (+62.7%), from €50,589 to €82,318
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€761,877
Gross operating margin
+€121,385
Staff costs
-€51,818
Depreciation
-€37,082
Write-downs
+€10,571
Other operating charges
-€9,808
Other operating items
-€1,993
Financial income
-€5,351
Financial charges
-€31,729
Taxes
-€60,417
Deferred taxes and other
+€15,399
Result 2025
€711,035
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€858,350
Investment
-€876,043
Financing
-€203,547
Cash 2024
€266,790
From operations (derived)
+€858,350
Net result for the year
+€711,035
Depreciation
+€693,093
Stocks and contracts
-€444,869
Receivables within one year
-€227,914
Deferred charges and accrued income
-€22,615
Provisions
-€2,775
Trade debts
+€127,077
Tax, wage and social debts
+€73,383
Other debts
-€42,590
Accrued charges and deferred income
-€5,474
Investment (derived)
-€876,043
Investment in fixed assets (net)
-€876,043
Financing
-€203,547
Debts after one year
-€208,582
Current portion of long-term debt
+€5,035
Cash 2025
€45,551
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,828,860 | €6,485,968 | +€657,108 | +11.3% |
| Formation expenses | 20 | - | €50,613 | +€50,613 | |
| Fixed assets | 21/28 | €4,303,462 | €4,435,799 | +€132,337 | +3.1% |
| Intangible fixed assets | 21 | - | €7,199 | +€7,199 | |
| Tangible fixed assets | 22/27 | €4,303,462 | €4,428,600 | +€125,138 | +2.9% |
| Land and buildings | 22 | €2,945,678 | €2,934,669 | -€11,009 | -0.4% |
| Plant, machinery and equipment | 23 | €1,331,045 | €1,474,460 | +€143,415 | +10.8% |
| Furniture and vehicles | 24 | €26,739 | €19,470 | -€7,269 | -27.2% |
| Current assets | 29/58 | €1,525,398 | €1,999,557 | +€474,159 | +31.1% |
| Stocks and contracts in progress | 3 | €562,682 | €1,007,551 | +€444,869 | +79.1% |
| Stocks | 30/36 | €562,682 | €1,007,551 | +€444,869 | +79.1% |
| Amounts receivable within one year | 40/41 | €685,880 | €913,794 | +€227,914 | +33.2% |
| Trade receivables | 40 | €571,524 | €913,794 | +€342,270 | +59.9% |
| Other amounts receivable | 41 | €114,356 | €0 | -€114,356 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €266,790 | €45,551 | -€221,240 | -82.9% |
| Deferred charges and accrued income | 490/1 | €10,046 | €32,661 | +€22,615 | +225% |
| Total equity and liabilities | 10/49 | €5,828,860 | €6,485,968 | +€657,108 | +11.3% |
| Equity | 10/15 | €2,851,758 | €3,562,793 | +€711,035 | +24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €3,958 | €0 | -€3,958 | -100% |
| Reserves | 13 | €2,828,734 | €3,544,193 | +€715,459 | +25.3% |
| Tax-exempt reserves | 132 | €380,734 | €688,159 | +€307,425 | +80.7% |
| Distributable reserves | 133 | €2,448,000 | €2,856,034 | +€408,034 | +16.7% |
| Profit (loss) carried forward | 14 | €465 | €0 | -€465 | -100% |
| Provisions and deferred taxes | 16 | €12,624 | €9,849 | -€2,775 | -22.0% |
| Deferred taxes | 168 | €12,624 | €9,849 | -€2,775 | -22.0% |
| Amounts payable | 17/49 | €2,964,478 | €2,913,326 | -€51,152 | -1.7% |
| Amounts payable after more than one year | 17 | €2,386,009 | €2,177,426 | -€208,582 | -8.7% |
| Financial debts | 170/4 | €2,383,079 | €2,174,496 | -€208,582 | -8.8% |
| Other amounts payable | 178/9 | €2,930 | €2,930 | = | 0.0% |
| Amounts payable within one year | 42/48 | €545,020 | €707,924 | +€162,905 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €203,547 | €208,582 | +€5,035 | +2.5% |
| Trade debts | 44 | €193,391 | €320,468 | +€127,077 | +65.7% |
| Suppliers | 440/4 | €193,391 | €320,468 | +€127,077 | +65.7% |
| Taxes, remuneration and social security | 45 | €13,979 | €87,362 | +€73,383 | +525% |
| Taxes | 450/3 | €0 | €47,322 | +€47,322 | |
| Remuneration and social security | 454/9 | €13,979 | €40,040 | +€26,061 | +186% |
| Other amounts payable | 47/48 | €134,103 | €91,513 | -€42,590 | -31.8% |
| Accrued charges and deferred income | 492/3 | €33,450 | €27,975 | -€5,474 | -16.4% |
| Non-recurring operating income | 76A | €55,500 | €11,895 | -€43,605 | -78.6% |
| Remuneration, social security and pensions | 62 | €267,044 | €318,862 | +€51,818 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €656,011 | €693,093 | +€37,082 | +5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,272 | -€299 | -€10,571 | |
| Other operating charges | 640/8 | €17,750 | €27,558 | +€9,808 | +55.3% |
| Non-recurring operating charges | 66A | - | €1,993 | +€1,993 | |
| Gross operating margin | 9900 | €1,877,193 | €1,998,578 | +€121,385 | +6.5% |
| Operating profit (loss) | 9901 | €926,115 | €957,371 | +€31,256 | +3.4% |
| Financial income | 75/76B | €11,071 | €5,720 | -€5,351 | -48.3% |
| Recurring financial income | 75 | €11,071 | €5,720 | -€5,351 | -48.3% |
| Financial charges | 65/66B | €50,589 | €82,318 | +€31,729 | +62.7% |
| Recurring financial charges | 65 | €50,589 | €82,318 | +€31,729 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €886,597 | €880,773 | -€5,824 | -0.7% |
| Transfer from deferred taxes | 780 | €1,251 | €2,775 | +€1,524 | +122% |
| Transfer to deferred taxes | 680 | €13,875 | €0 | -€13,875 | -100% |
| Income taxes | 67/77 | €112,096 | €172,513 | +€60,417 | +53.9% |
| Profit (loss) for the period | 9904 | €761,877 | €711,035 | -€50,842 | -6.7% |
| Transfer from tax-exempt reserves | 789 | €3,753 | €8,325 | +€4,572 | +122% |
| Transfer to tax-exempt reserves | 689 | €357,375 | €315,750 | -€41,625 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €408,255 | €403,610 | -€4,645 | -1.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.