DEVAN: what changed
Two financial 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
- Cash +€198,278
up €198,278 (+1,087%), from €18,241 to €216,519
mainly Current investments (+€155,800) and Net result for the year (+€42,524)
- Current investments -€155,800
down €155,800 (-100%), from €155,800 to €0
- Receivables within one year +€25,167
up €25,167 (+290%), from €8,678 to €33,844
of which Trade receivables: +€25,173
- Tangible fixed assets -€23,792
down €23,792 (-100%), from €23,792 to €0
of which Furniture and vehicles: -€23,443
- Reserves +€42,524
up €42,524 (+24.8%), from €171,802 to €214,326
of which Distributable reserves: +€56,169
- Tax, wage and social debts +€8,491
up €8,491 (+243%), from €3,488 to €11,979
- Trade debts -€5,972
down €5,972 (-100%), from €5,972 to €0
- Financial income +€28,065
up €28,065 (+26,805%), from €105 to €28,169
- Gross operating margin +€21,979
up €21,979 (+13,510%), from €163 to €22,142
- Depreciation -€12,947
down €12,947 (-100%), from €12,947 to €0
- Taxes +€6,985
up €6,985 (+1,489%), from €469 to €7,454
- Other operating charges -€251
down €251 (-49.7%), from €504 to €254
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.
Derived cash bridge
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 | €206,511 | €250,831 | +€44,320 | +21.5% |
| Fixed assets | 21/28 | €23,792 | €0 | -€23,792 | -100% |
| Tangible fixed assets | 22/27 | €23,792 | €0 | -€23,792 | -100% |
| Plant, machinery and equipment | 23 | €349 | €0 | -€349 | -100% |
| Furniture and vehicles | 24 | €23,443 | €0 | -€23,443 | -100% |
| Current assets | 29/58 | €182,719 | €250,831 | +€68,112 | +37.3% |
| Amounts receivable within one year | 40/41 | €8,678 | €33,844 | +€25,167 | +290% |
| Trade receivables | 40 | €8,671 | €33,844 | +€25,173 | +290% |
| Other amounts receivable | 41 | €6 | €0 | -€6 | -100% |
| Current investments | 50/53 | €155,800 | €0 | -€155,800 | -100% |
| Cash at bank and in hand | 54/58 | €18,241 | €216,519 | +€198,278 | +1,087% |
| Deferred charges and accrued income | 490/1 | - | €467 | +€467 | |
| Total equity and liabilities | 10/49 | €206,511 | €250,831 | +€44,320 | +21.5% |
| Equity | 10/15 | €190,402 | €232,926 | +€42,524 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,802 | €214,326 | +€42,524 | +24.8% |
| Tax-exempt reserves | 132 | €13,645 | €0 | -€13,645 | -100% |
| Distributable reserves | 133 | €158,157 | €214,326 | +€56,169 | +35.5% |
| Amounts payable | 17/49 | €16,109 | €17,904 | +€1,796 | +11.1% |
| Amounts payable within one year | 42/48 | €16,109 | €17,904 | +€1,796 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,972 | €0 | -€5,972 | -100% |
| Suppliers | 440/4 | €5,972 | €0 | -€5,972 | -100% |
| Taxes, remuneration and social security | 45 | €3,488 | €11,979 | +€8,491 | +243% |
| Taxes | 450/3 | €3,488 | €11,979 | +€8,491 | +243% |
| Other amounts payable | 47/48 | €6,649 | €5,925 | -€724 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,947 | €0 | -€12,947 | -100% |
| Other operating charges | 640/8 | €504 | €254 | -€251 | -49.7% |
| Gross operating margin | 9900 | €163 | €22,142 | +€21,979 | +13,510% |
| Operating profit (loss) | 9901 | -€13,288 | €21,888 | +€35,176 | |
| Financial income | 75/76B | €105 | €28,169 | +€28,065 | +26,805% |
| Recurring financial income | 75 | €105 | €28,169 | +€28,065 | +26,805% |
| Financial charges | 65/66B | €127 | €79 | -€48 | -37.5% |
| Recurring financial charges | 65 | €127 | €79 | -€48 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,311 | €49,978 | +€63,289 | |
| Income taxes | 67/77 | €469 | €7,454 | +€6,985 | +1,489% |
| Profit (loss) for the period | 9904 | -€13,779 | €42,524 | +€56,304 | |
| Transfer from tax-exempt reserves | 789 | - | €13,645 | +€13,645 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,779 | €56,169 | +€69,949 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.