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 +€424,360
up €424,360 (+348%), from €121,958 to €546,318
mainly Investment in fixed assets (net) (+€161,413) and Net result for the year (+€149,433)
- Tangible fixed assets -€182,498
down €182,498 (-45.9%), from €397,960 to €215,461
of which Land and buildings: -€180,739
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Reserves +€149,000
up €149,000 (+34.4%), from €433,770 to €582,770
of which Distributable reserves: +€149,000
- Debts after one year -€30,000
down €30,000 (-27.9%), from €107,500 to €77,500
- Tax, wage and social debts +€27,394
up €27,394 (+102%), from €26,961 to €54,355
of which Taxes: +€19,664
- Gross operating margin +€126,607
up €126,607 (+55.1%), from €229,919 to €356,526
- Taxes +€34,966
up €34,966 (+196%), from €17,854 to €52,820
- Depreciation -€9,917
down €9,917 (-32.0%), from €31,002 to €21,085
- Staff costs +€5,719
up €5,719 (+4.8%), from €120,006 to €125,724
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 | €639,064 | €786,535 | +€147,471 | +23.1% |
| Fixed assets | 21/28 | €398,360 | €215,861 | -€182,498 | -45.8% |
| Tangible fixed assets | 22/27 | €397,960 | €215,461 | -€182,498 | -45.9% |
| Land and buildings | 22 | €390,923 | €210,184 | -€180,739 | -46.2% |
| Plant, machinery and equipment | 23 | €7,037 | €5,278 | -€1,759 | -25.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €240,704 | €570,674 | +€329,969 | +137% |
| Amounts receivable within one year | 40/41 | €16,709 | €23,375 | +€6,666 | +39.9% |
| Trade receivables | 40 | €13,530 | €13,901 | +€371 | +2.7% |
| Other amounts receivable | 41 | €3,179 | €9,474 | +€6,295 | +198% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €121,958 | €546,318 | +€424,360 | +348% |
| Deferred charges and accrued income | 490/1 | €2,037 | €980 | -€1,056 | -51.9% |
| Total equity and liabilities | 10/49 | €639,064 | €786,535 | +€147,471 | +23.1% |
| Equity | 10/15 | €469,676 | €619,110 | +€149,433 | +31.8% |
| Contributions | 10/11 | €23,824 | €23,824 | = | 0.0% |
| Reserves | 13 | €433,770 | €582,770 | +€149,000 | +34.4% |
| Tax-exempt reserves | 132 | €42,577 | €42,577 | = | 0.0% |
| Distributable reserves | 133 | €391,193 | €540,193 | +€149,000 | +38.1% |
| Profit (loss) carried forward | 14 | €12,082 | €12,516 | +€433 | +3.6% |
| Amounts payable | 17/49 | €169,387 | €167,425 | -€1,962 | -1.2% |
| Amounts payable after more than one year | 17 | €107,500 | €77,500 | -€30,000 | -27.9% |
| Financial debts | 170/4 | €107,500 | €77,500 | -€30,000 | -27.9% |
| Amounts payable within one year | 42/48 | €59,667 | €87,805 | +€28,138 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €2,706 | €3,450 | +€744 | +27.5% |
| Suppliers | 440/4 | €2,706 | €3,450 | +€744 | +27.5% |
| Taxes, remuneration and social security | 45 | €26,961 | €54,355 | +€27,394 | +102% |
| Taxes | 450/3 | €14,829 | €34,493 | +€19,664 | +133% |
| Remuneration and social security | 454/9 | €12,132 | €19,862 | +€7,730 | +63.7% |
| Accrued charges and deferred income | 492/3 | €2,220 | €2,120 | -€100 | -4.5% |
| Remuneration, social security and pensions | 62 | €120,006 | €125,724 | +€5,719 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,002 | €21,085 | -€9,917 | -32.0% |
| Other operating charges | 640/8 | €8,339 | €8,557 | +€218 | +2.6% |
| Gross operating margin | 9900 | €229,919 | €356,526 | +€126,607 | +55.1% |
| Operating profit (loss) | 9901 | €70,573 | €201,160 | +€130,587 | +185% |
| Financial income | 75/76B | €2,545 | €2,745 | +€200 | +7.9% |
| Recurring financial income | 75 | €2,545 | €2,745 | +€200 | +7.9% |
| Financial charges | 65/66B | €1,950 | €1,651 | -€299 | -15.3% |
| Recurring financial charges | 65 | €1,950 | €1,651 | -€299 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €71,167 | €202,254 | +€131,087 | +184% |
| Income taxes | 67/77 | €17,854 | €52,820 | +€34,966 | +196% |
| Profit (loss) for the period | 9904 | €53,313 | €149,433 | +€96,121 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €53,313 | €149,433 | +€96,121 | +180% |
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.