Devan: 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.
Devan
Largest movements
- Receivables within one year -€54,625
down €54,625 (-79.1%), from €69,046 to €14,421
of which Other amounts receivable: -€66,725
- Tangible fixed assets -€20,744
down €20,744 (-2.1%), from €981,430 to €960,687
- Cash -€12,454
down €12,454 (-61.0%), from €20,405 to €7,951
mainly Current portion of long-term debt (-€160,000) and Investment in fixed assets (net) (-€24,537)
- Current portion of long-term debt -€160,000
down €160,000 (-17.4%), from €920,000 to €760,000
- Profit (loss) carried forward +€47,202
up €47,202, from -€47,202 to €0
- Reserves +€37,286
up €37,286 (+601.4%), from €6,200 to €43,486
of which Distributable reserves: +€37,286
- Other debts -€22,256
down €22,256 (-18.1%), from €122,930 to €100,675
- Gross operating margin +€121,837
up €121,837 (+207.3%), from €58,775 to €180,613
- Depreciation -€82,429
down €82,429 (-64.5%), from €127,709 to €45,281
- Financial charges +€39,640
up €39,640 (+3071.8%), from €1,290 to €40,931
- Taxes +€2,679
up €2,679, from €0 to €2,679
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 | €1,071,845 | €985,177 | -€86,668 | -8.1% |
| Fixed assets | 21/28 | €981,430 | €960,687 | -€20,744 | -2.1% |
| Tangible fixed assets | 22/27 | €981,430 | €960,687 | -€20,744 | -2.1% |
| Land and buildings | 22 | €981,430 | €960,687 | -€20,744 | -2.1% |
| Current assets | 29/58 | €90,415 | €24,490 | -€65,925 | -72.9% |
| Amounts receivable within one year | 40/41 | €69,046 | €14,421 | -€54,625 | -79.1% |
| Trade receivables | 40 | €0 | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €69,046 | €2,321 | -€66,725 | -96.6% |
| Cash at bank and in hand | 54/58 | €20,405 | €7,951 | -€12,454 | -61.0% |
| Deferred charges and accrued income | 490/1 | €963 | €2,117 | +€1,154 | +119.8% |
| Total equity and liabilities | 10/49 | €1,071,845 | €985,177 | -€86,668 | -8.1% |
| Equity | 10/15 | €20,998 | €105,486 | +€84,488 | +402.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €43,486 | +€37,286 | +601.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €0 | €37,286 | +€37,286 | |
| Profit (loss) carried forward | 14 | -€47,202 | €0 | +€47,202 | |
| Amounts payable | 17/49 | €1,050,847 | €879,691 | -€171,156 | -16.3% |
| Amounts payable within one year | 42/48 | €1,050,847 | €869,259 | -€181,588 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €920,000 | €760,000 | -€160,000 | -17.4% |
| Trade debts | 44 | €2,086 | €2,533 | +€447 | +21.4% |
| Suppliers | 440/4 | €2,086 | €2,533 | +€447 | +21.4% |
| Taxes, remuneration and social security | 45 | €5,830 | €6,051 | +€221 | +3.8% |
| Taxes | 450/3 | €5,830 | €6,051 | +€221 | +3.8% |
| Other amounts payable | 47/48 | €122,930 | €100,675 | -€22,256 | -18.1% |
| Accrued charges and deferred income | 492/3 | - | €10,432 | +€10,432 | |
| Non-recurring operating income | 76A | €0 | €119,306 | +€119,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,709 | €45,281 | -€82,429 | -64.5% |
| Other operating charges | 640/8 | €6,422 | €7,234 | +€813 | +12.7% |
| Gross operating margin | 9900 | €58,775 | €180,613 | +€121,837 | +207.3% |
| Operating profit (loss) | 9901 | -€75,356 | €128,098 | +€203,453 | |
| Financial income | 75/76B | €196 | €0 | -€196 | -100.0% |
| Recurring financial income | 75 | €196 | €0 | -€196 | -100.0% |
| Financial charges | 65/66B | €1,290 | €40,931 | +€39,640 | +3071.8% |
| Recurring financial charges | 65 | €1,290 | €40,931 | +€39,640 | +3071.8% |
| Profit (loss) for the period before taxes | 9903 | -€76,450 | €87,167 | +€163,617 | |
| Income taxes | 67/77 | €0 | €2,679 | +€2,679 | |
| Profit (loss) for the period | 9904 | -€76,450 | €84,488 | +€160,938 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,450 | €84,488 | +€160,938 |
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 8 October 2026 via checked.be.