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 -€41,848
down €41,848 (-32.1%), from €130,202 to €88,354
of which Trade receivables: -€45,909
- Stocks and contracts +€14,208
up €14,208 (+6.9%), from €205,286 to €219,494
- Trade debts -€67,305
down €67,305 (-58.3%), from €115,365 to €48,060
- Current portion of long-term debt +€21,225
up €21,225 (+853.4%), from €2,487 to €23,713
- Reserves +€20,727
up €20,727 (+9.2%), from €224,545 to €245,273
of which Distributable reserves: +€20,727
- Debts after one year +€10,000
new in 2024: €10,000
- Gross operating margin -€16,645
down €16,645 (-9.6%), from €173,311 to €156,667
- Taxes -€7,356
down €7,356 (-46.1%), from €15,963 to €8,607
- Depreciation +€3,408
up €3,408 (+7.3%), from €46,521 to €49,929
- Staff costs +€2,011
up €2,011 (+3.5%), from €57,115 to €59,126
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €967,678 | €950,196 | -€17,482 | -1.8% |
| Fixed assets | 21/28 | €543,220 | €551,736 | +€8,516 | +1.6% |
| Tangible fixed assets | 22/27 | €543,220 | €551,736 | +€8,516 | +1.6% |
| Land and buildings | 22 | €437,853 | €415,206 | -€22,647 | -5.2% |
| Plant, machinery and equipment | 23 | €100,747 | €135,341 | +€34,594 | +34.3% |
| Furniture and vehicles | 24 | €4,619 | €1,189 | -€3,430 | -74.3% |
| Current assets | 29/58 | €424,459 | €398,460 | -€25,998 | -6.1% |
| Stocks and contracts in progress | 3 | €205,286 | €219,494 | +€14,208 | +6.9% |
| Stocks | 30/36 | €205,286 | €219,494 | +€14,208 | +6.9% |
| Amounts receivable within one year | 40/41 | €130,202 | €88,354 | -€41,848 | -32.1% |
| Trade receivables | 40 | €115,574 | €69,666 | -€45,909 | -39.7% |
| Other amounts receivable | 41 | €14,627 | €18,688 | +€4,061 | +27.8% |
| Cash at bank and in hand | 54/58 | €84,597 | €85,053 | +€456 | +0.5% |
| Deferred charges and accrued income | 490/1 | €4,375 | €5,560 | +€1,185 | +27.1% |
| Total equity and liabilities | 10/49 | €967,678 | €950,196 | -€17,482 | -1.8% |
| Equity | 10/15 | €778,597 | €799,361 | +€20,764 | +2.7% |
| Contributions | 10/11 | €595,000 | €595,000 | = | 0.0% |
| Reserves | 13 | €224,545 | €245,273 | +€20,727 | +9.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €224,545 | €245,273 | +€20,727 | +9.2% |
| Profit (loss) carried forward | 14 | -€40,949 | -€40,912 | +€37 | +0.1% |
| Amounts payable | 17/49 | €189,081 | €150,835 | -€38,246 | -20.2% |
| Amounts payable after more than one year | 17 | - | €10,000 | +€10,000 | |
| Financial debts | 170/4 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €178,388 | €127,233 | -€51,155 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €2,487 | €23,713 | +€21,225 | +853.4% |
| Trade debts | 44 | €115,365 | €48,060 | -€67,305 | -58.3% |
| Suppliers | 440/4 | €115,365 | €48,060 | -€67,305 | -58.3% |
| Taxes, remuneration and social security | 45 | €13,764 | €6,589 | -€7,174 | -52.1% |
| Taxes | 450/3 | €9,479 | €2,073 | -€7,407 | -78.1% |
| Remuneration and social security | 454/9 | €4,284 | €4,516 | +€232 | +5.4% |
| Other amounts payable | 47/48 | €46,773 | €48,872 | +€2,099 | +4.5% |
| Accrued charges and deferred income | 492/3 | €10,693 | €13,602 | +€2,909 | +27.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €57,115 | €59,126 | +€2,011 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,521 | €49,929 | +€3,408 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €821 | +€821 | |
| Other operating charges | 640/8 | €11,087 | €10,393 | -€694 | -6.3% |
| Gross operating margin | 9900 | €173,311 | €156,667 | -€16,645 | -9.6% |
| Operating profit (loss) | 9901 | €58,588 | €36,398 | -€22,190 | -37.9% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €3,619 | €5,309 | +€1,690 | +46.7% |
| Recurring financial charges | 65 | €3,619 | €5,309 | +€1,690 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €54,975 | €31,089 | -€23,886 | -43.4% |
| Income taxes | 67/77 | €15,963 | €8,607 | -€7,356 | -46.1% |
| Profit (loss) for the period | 9904 | €39,012 | €22,482 | -€16,530 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,012 | €22,482 | -€16,530 | -42.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.