Devan Investments: what changed
Devan Investments
Largest movements
- Tangible fixed assets +€58,555
up €58,555 (+38.3%), from €152,771 to €211,325
of which Furniture and vehicles: +€58,555
- Cash -€46,238
down €46,238 (-45.4%), from €101,744 to €55,507
mainly Investment in fixed assets (net) (-€60,890) and Receivables within one year (-€4,343)
- Receivables within one year +€4,343
up €4,343 (+1,374%), from €316 to €4,659
- Reserves +€15,559
up €15,559 (+39.3%), from €39,635 to €55,194
- Gross operating margin +€16,114
up €16,114 (+177%), from €9,124 to €25,238
- Taxes +€3,835
up €3,835 (+141%), from €2,722 to €6,557
- Depreciation +€2,336
new in 2025: €2,336
- Other operating charges -€471
down €471 (-38.7%), from €1,219 to €748
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,831 | €271,490 | +€16,660 | +6.5% |
| Fixed assets | 21/28 | €152,771 | €211,325 | +€58,555 | +38.3% |
| Tangible fixed assets | 22/27 | €152,771 | €211,325 | +€58,555 | +38.3% |
| Furniture and vehicles | 24 | - | €58,555 | +€58,555 | |
| Other tangible fixed assets | 26 | €152,771 | €152,771 | = | 0.0% |
| Current assets | 29/58 | €102,060 | €60,165 | -€41,895 | -41.0% |
| Amounts receivable within one year | 40/41 | €316 | €4,659 | +€4,343 | +1,374% |
| Other amounts receivable | 41 | €316 | €4,659 | +€4,343 | +1,374% |
| Cash at bank and in hand | 54/58 | €101,744 | €55,507 | -€46,238 | -45.4% |
| Total equity and liabilities | 10/49 | €254,831 | €271,490 | +€16,660 | +6.5% |
| Equity | 10/15 | €253,648 | €269,207 | +€15,559 | +6.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €39,635 | €55,194 | +€15,559 | +39.3% |
| Distributable reserves | 133 | €39,635 | €55,194 | +€15,559 | +39.3% |
| Profit (loss) carried forward | 14 | €164,013 | €164,013 | = | 0.0% |
| Amounts payable | 17/49 | €1,183 | €2,284 | +€1,101 | +93.1% |
| Amounts payable within one year | 42/48 | €1,183 | €2,284 | +€1,101 | +93.1% |
| Trade debts | 44 | €523 | €400 | -€123 | -23.6% |
| Suppliers | 440/4 | €523 | €400 | -€123 | -23.6% |
| Taxes, remuneration and social security | 45 | €481 | €1,529 | +€1,047 | +218% |
| Taxes | 450/3 | €481 | €1,529 | +€1,047 | +218% |
| Other amounts payable | 47/48 | €179 | €355 | +€177 | +99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,336 | +€2,336 | |
| Other operating charges | 640/8 | €1,219 | €748 | -€471 | -38.7% |
| Gross operating margin | 9900 | €9,124 | €25,238 | +€16,114 | +177% |
| Operating profit (loss) | 9901 | €7,905 | €22,155 | +€14,250 | +180% |
| Financial charges | 65/66B | €66 | €39 | -€27 | -40.7% |
| Recurring financial charges | 65 | €66 | €39 | -€27 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €7,839 | €22,116 | +€14,277 | +182% |
| Income taxes | 67/77 | €2,722 | €6,557 | +€3,835 | +141% |
| Profit (loss) for the period | 9904 | €5,117 | €15,559 | +€10,442 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €5,117 | €15,559 | +€10,442 | +204% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.