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
- Tangible fixed assets -€39,729
down €39,729 (-14.9%), from €266,688 to €226,959
of which Land and buildings: -€26,375
- Cash +€14,727
up €14,727 (+42.5%), from €34,647 to €49,375
mainly Depreciation (+€39,729) and Trade debts (+€15,693)
- Debts after one year -€26,587
down €26,587 (-18.7%), from €142,065 to €115,477
- Trade debts +€15,693
up €15,693 (+250%), from €6,267 to €21,960
- Other debts -€10,393
down €10,393 (-11.9%), from €87,671 to €77,279
- Profit (loss) carried forward -€4,215
new in 2025: -€4,215
- Staff costs +€4,835
up €4,835 (+56.7%), from €8,533 to €13,368
- Depreciation +€4,441
up €4,441 (+12.6%), from €35,289 to €39,729
- Gross operating margin -€3,060
down €3,060 (-4.8%), from €63,758 to €60,699
- Taxes -€1,882
down €1,882 (-88.3%), from €2,132 to €250
- Other operating charges +€867
up €867 (+17.2%), from €5,044 to €5,911
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 | €314,374 | €287,641 | -€26,733 | -8.5% |
| Fixed assets | 21/28 | €266,688 | €226,959 | -€39,729 | -14.9% |
| Tangible fixed assets | 22/27 | €266,688 | €226,959 | -€39,729 | -14.9% |
| Land and buildings | 22 | €200,795 | €174,420 | -€26,375 | -13.1% |
| Plant, machinery and equipment | 23 | €64,836 | €52,026 | -€12,810 | -19.8% |
| Furniture and vehicles | 24 | €1,057 | €513 | -€544 | -51.5% |
| Current assets | 29/58 | €47,686 | €60,683 | +€12,996 | +27.3% |
| Stocks and contracts in progress | 3 | €6,734 | €6,273 | -€462 | -6.9% |
| Stocks | 30/36 | €6,734 | €6,273 | -€462 | -6.9% |
| Amounts receivable within one year | 40/41 | €3,348 | €1,910 | -€1,438 | -43.0% |
| Trade receivables | 40 | €2,982 | €1,677 | -€1,306 | -43.8% |
| Other amounts receivable | 41 | €366 | €233 | -€133 | -36.3% |
| Cash at bank and in hand | 54/58 | €34,647 | €49,375 | +€14,727 | +42.5% |
| Deferred charges and accrued income | 490/1 | €2,956 | €3,126 | +€169 | +5.7% |
| Total equity and liabilities | 10/49 | €314,374 | €287,641 | -€26,733 | -8.5% |
| Equity | 10/15 | €41,190 | €36,975 | -€4,215 | -10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,990 | €34,990 | = | 0.0% |
| Distributable reserves | 133 | €34,990 | €34,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,215 | -€4,215 | |
| Amounts payable | 17/49 | €273,184 | €250,666 | -€22,518 | -8.2% |
| Amounts payable after more than one year | 17 | €142,065 | €115,477 | -€26,587 | -18.7% |
| Financial debts | 170/4 | €142,065 | €115,477 | -€26,587 | -18.7% |
| Amounts payable within one year | 42/48 | €131,120 | €135,188 | +€4,069 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €28,182 | €26,587 | -€1,595 | -5.7% |
| Trade debts | 44 | €6,267 | €21,960 | +€15,693 | +250% |
| Suppliers | 440/4 | €6,267 | €21,960 | +€15,693 | +250% |
| Taxes, remuneration and social security | 45 | €8,999 | €9,363 | +€363 | +4.0% |
| Taxes | 450/3 | €8,480 | €3,734 | -€4,746 | -56.0% |
| Remuneration and social security | 454/9 | €519 | €5,629 | +€5,110 | +984% |
| Other amounts payable | 47/48 | €87,671 | €77,279 | -€10,393 | -11.9% |
| Non-recurring operating income | 76A | - | €9,216 | +€9,216 | |
| Remuneration, social security and pensions | 62 | €8,533 | €13,368 | +€4,835 | +56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,289 | €39,729 | +€4,441 | +12.6% |
| Other operating charges | 640/8 | €5,044 | €5,911 | +€867 | +17.2% |
| Non-recurring operating charges | 66A | €572 | - | -€572 | |
| Gross operating margin | 9900 | €63,758 | €60,699 | -€3,060 | -4.8% |
| Operating profit (loss) | 9901 | €14,321 | €1,690 | -€12,631 | -88.2% |
| Financial income | 75/76B | €205 | - | -€205 | |
| Recurring financial income | 75 | €205 | - | -€205 | |
| Financial charges | 65/66B | €4,994 | €5,655 | +€661 | +13.2% |
| Recurring financial charges | 65 | €4,994 | €5,655 | +€661 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €9,533 | -€3,965 | -€13,497 | |
| Income taxes | 67/77 | €2,132 | €250 | -€1,882 | -88.3% |
| Profit (loss) for the period | 9904 | €7,401 | -€4,215 | -€11,616 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,401 | -€4,215 | -€11,616 |
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 15 October 2026 via checked.be.