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 -€26,623
down €26,623 (-69.1%), from €38,501 to €11,878
mainly Investment in fixed assets (net) (-€33,173) and Debts after one year (-€16,275)
- Tangible fixed assets +€5,875
up €5,875 (+1.1%), from €512,323 to €518,198
of which Land and buildings: +€7,044
- Debts after one year -€16,275
down €16,275 (-5.7%), from €284,928 to €268,653
- Gross operating margin -€26,374
down €26,374 (-37.2%), from €70,898 to €44,524
- Financial income -€8,393
down €8,393 (-93.6%), from €8,968 to €575
of which Non-recurring financial income: -€8,968
- Taxes -€4,601
no longer reported in 2022 (was €4,601)
- Depreciation +€2,956
up €2,956 (+12.1%), from €24,342 to €27,298
- Financial charges +€2,073
up €2,073 (+18.2%), from €11,371 to €13,444
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €555,102 | €535,793 | -€19,309 | -3.5% |
| Fixed assets | 21/28 | €512,323 | €518,198 | +€5,875 | +1.1% |
| Tangible fixed assets | 22/27 | €512,323 | €518,198 | +€5,875 | +1.1% |
| Land and buildings | 22 | €507,544 | €514,588 | +€7,044 | +1.4% |
| Plant, machinery and equipment | 23 | €4,779 | €3,214 | -€1,565 | -32.7% |
| Furniture and vehicles | 24 | €0 | €396 | +€396 | +991125.0% |
| Current assets | 29/58 | €42,779 | €17,595 | -€25,185 | -58.9% |
| Stocks and contracts in progress | 3 | €2,918 | €2,671 | -€247 | -8.5% |
| Stocks | 30/36 | €2,918 | €2,671 | -€247 | -8.5% |
| Amounts receivable within one year | 40/41 | €1,361 | €3,046 | +€1,685 | +123.8% |
| Trade receivables | 40 | - | €1,405 | +€1,405 | |
| Other amounts receivable | 41 | €1,361 | €1,641 | +€280 | +20.6% |
| Cash at bank and in hand | 54/58 | €38,501 | €11,878 | -€26,623 | -69.1% |
| Total equity and liabilities | 10/49 | €555,102 | €535,793 | -€19,309 | -3.5% |
| Equity | 10/15 | €75,549 | €72,590 | -€2,960 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €56,949 | €53,990 | -€2,960 | -5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €55,089 | €52,130 | -€2,960 | -5.4% |
| Amounts payable | 17/49 | €479,553 | €463,203 | -€16,350 | -3.4% |
| Amounts payable after more than one year | 17 | €284,928 | €268,653 | -€16,275 | -5.7% |
| Financial debts | 170/4 | €284,928 | €268,653 | -€16,275 | -5.7% |
| Amounts payable within one year | 42/48 | €194,625 | €194,551 | -€74 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €26,250 | €31,250 | +€5,000 | +19.0% |
| Trade debts | 44 | €10,673 | €5,871 | -€4,803 | -45.0% |
| Suppliers | 440/4 | €10,673 | €5,871 | -€4,803 | -45.0% |
| Taxes, remuneration and social security | 45 | €4,455 | €6,187 | +€1,733 | +38.9% |
| Taxes | 450/3 | €4,455 | €6,187 | +€1,733 | +38.9% |
| Other amounts payable | 47/48 | €153,247 | €151,243 | -€2,004 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,342 | €27,298 | +€2,956 | +12.1% |
| Other operating charges | 640/8 | €6,170 | €7,317 | +€1,147 | +18.6% |
| Gross operating margin | 9900 | €70,898 | €44,524 | -€26,374 | -37.2% |
| Operating profit (loss) | 9901 | €40,386 | €9,909 | -€30,477 | -75.5% |
| Financial income | 75/76B | €8,968 | €575 | -€8,393 | -93.6% |
| Recurring financial income | 75 | €0 | €575 | +€575 | +479383.3% |
| Non-recurring financial income | 76B | €8,968 | - | -€8,968 | |
| Financial charges | 65/66B | €11,371 | €13,444 | +€2,073 | +18.2% |
| Recurring financial charges | 65 | €11,371 | €13,444 | +€2,073 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €37,983 | -€2,960 | -€40,943 | |
| Income taxes | 67/77 | €4,601 | - | -€4,601 | |
| Profit (loss) for the period | 9904 | €33,382 | -€2,960 | -€36,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,382 | -€2,960 | -€36,342 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.