Devan & Co: 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 & Co
Largest movements
- Cash +€29,507
up €29,507 (+229.5%), from €12,859 to €42,367
mainly Other debts (+€33,020) and Net result for the year (+€11,567)
- Tangible fixed assets +€23,082
up €23,082 (+60.7%), from €38,001 to €61,082
of which Furniture and vehicles: +€23,910
- Deferred charges and accrued income +€2,662
up €2,662 (+4673.4%), from €57 to €2,719
- Other debts +€33,020
up €33,020 (+188.7%), from €17,500 to €50,520
- Reserves +€11,567
up €11,567 (+766.8%), from €1,508 to €13,075
- Tax, wage and social debts +€5,321
up €5,321 (+1726.4%), from €308 to €5,630
of which Taxes: +€3,554
- Trade debts +€2,233
up €2,233 (+20.3%), from €11,025 to €13,258
- Current portion of long-term debt +€1,837
new in 2025: €1,837
- Gross operating margin +€24,424
up €24,424 (+518.9%), from €4,707 to €29,131
- Depreciation +€7,375
up €7,375 (+383.4%), from €1,923 to €9,299
- Taxes +€3,240
up €3,240 (+1735.0%), from €187 to €3,427
- Staff costs +€1,986
new in 2025: €1,986
- Financial charges +€1,065
up €1,065 (+263.1%), from €405 to €1,470
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.
Cash bridge derived
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 | €57,387 | €112,014 | +€54,626 | +95.2% |
| Fixed assets | 21/28 | €38,001 | €61,082 | +€23,082 | +60.7% |
| Tangible fixed assets | 22/27 | €38,001 | €61,082 | +€23,082 | +60.7% |
| Plant, machinery and equipment | 23 | €11,780 | €10,952 | -€829 | -7.0% |
| Furniture and vehicles | 24 | €26,220 | €50,130 | +€23,910 | +91.2% |
| Current assets | 29/58 | €19,387 | €50,931 | +€31,545 | +162.7% |
| Amounts receivable within one year | 40/41 | €6,470 | €5,845 | -€625 | -9.7% |
| Trade receivables | 40 | €3,717 | €3,451 | -€266 | -7.2% |
| Other amounts receivable | 41 | €2,754 | €2,395 | -€359 | -13.0% |
| Cash at bank and in hand | 54/58 | €12,859 | €42,367 | +€29,507 | +229.5% |
| Deferred charges and accrued income | 490/1 | €57 | €2,719 | +€2,662 | +4673.4% |
| Total equity and liabilities | 10/49 | €57,387 | €112,014 | +€54,626 | +95.2% |
| Equity | 10/15 | €3,508 | €15,075 | +€11,567 | +329.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,508 | €13,075 | +€11,567 | +766.8% |
| Distributable reserves | 133 | €1,508 | €13,075 | +€11,567 | +766.8% |
| Amounts payable | 17/49 | €53,879 | €96,938 | +€43,060 | +79.9% |
| Amounts payable after more than one year | 17 | €25,046 | €25,695 | +€649 | +2.6% |
| Financial debts | 170/4 | €25,046 | €25,695 | +€649 | +2.6% |
| Amounts payable within one year | 42/48 | €28,833 | €71,244 | +€42,411 | +147.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,837 | +€1,837 | |
| Trade debts | 44 | €11,025 | €13,258 | +€2,233 | +20.3% |
| Suppliers | 440/4 | €11,025 | €13,258 | +€2,233 | +20.3% |
| Taxes, remuneration and social security | 45 | €308 | €5,630 | +€5,321 | +1726.4% |
| Taxes | 450/3 | €308 | €3,862 | +€3,554 | +1152.9% |
| Remuneration and social security | 454/9 | - | €1,768 | +€1,768 | |
| Other amounts payable | 47/48 | €17,500 | €50,520 | +€33,020 | +188.7% |
| Non-recurring operating income | 76A | - | €3,048 | +€3,048 | |
| Remuneration, social security and pensions | 62 | - | €1,986 | +€1,986 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,923 | €9,299 | +€7,375 | +383.4% |
| Other operating charges | 640/8 | €683 | €1,384 | +€700 | +102.5% |
| Gross operating margin | 9900 | €4,707 | €29,131 | +€24,424 | +518.9% |
| Operating profit (loss) | 9901 | €2,100 | €16,462 | +€14,362 | +683.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €405 | €1,470 | +€1,065 | +263.1% |
| Recurring financial charges | 65 | €405 | €1,470 | +€1,065 | +263.1% |
| Profit (loss) for the period before taxes | 9903 | €1,695 | €14,993 | +€13,298 | +784.5% |
| Income taxes | 67/77 | €187 | €3,427 | +€3,240 | +1735.0% |
| Profit (loss) for the period | 9904 | €1,508 | €11,567 | +€10,058 | +666.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,508 | €11,567 | +€10,058 | +666.8% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.