DEVANCO: 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.
DEVANCO
Largest movements
- Receivables within one year -€53,426
down €53,426 (-89.6%), from €59,624 to €6,198
- Cash -€21,449
down €21,449 (-20.6%), from €104,360 to €82,911
mainly Other debts (-€74,241) and Net result for the year (-€9,165)
- Tangible fixed assets -€8,642
down €8,642 (-20.0%), from €43,190 to €34,549
of which Furniture and vehicles: -€8,642
- Deferred charges and accrued income +€4,340
new in 2025: €4,340
- Other debts -€74,241
no longer reported in 2025 (was €74,241)
- Profit (loss) carried forward -€9,165
down €9,165 (-390.0%), from -€2,350 to -€11,515
- Debts after one year +€5,455
new in 2025: €5,455
- Gross operating margin -€15,769
down €15,769 (-92.9%), from €16,967 to €1,198
- Taxes -€2,147
down €2,147 (-88.4%), from €2,430 to €283
- Financial income +€219
up €219 (+676.6%), from €32 to €252
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 | €207,704 | €128,047 | -€79,656 | -38.4% |
| Fixed assets | 21/28 | €43,240 | €34,599 | -€8,642 | -20.0% |
| Tangible fixed assets | 22/27 | €43,190 | €34,549 | -€8,642 | -20.0% |
| Land and buildings | 22 | €33,132 | €33,132 | = | 0.0% |
| Furniture and vehicles | 24 | €10,059 | €1,417 | -€8,642 | -85.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €164,463 | €93,449 | -€71,014 | -43.2% |
| Stocks and contracts in progress | 3 | €479 | - | -€479 | |
| Stocks | 30/36 | €479 | - | -€479 | |
| Amounts receivable within one year | 40/41 | €59,624 | €6,198 | -€53,426 | -89.6% |
| Other amounts receivable | 41 | €59,624 | €6,198 | -€53,426 | -89.6% |
| Cash at bank and in hand | 54/58 | €104,360 | €82,911 | -€21,449 | -20.6% |
| Deferred charges and accrued income | 490/1 | - | €4,340 | +€4,340 | |
| Total equity and liabilities | 10/49 | €207,704 | €128,047 | -€79,656 | -38.4% |
| Equity | 10/15 | €126,921 | €117,756 | -€9,165 | -7.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €79,271 | €79,271 | = | 0.0% |
| Distributable reserves | 133 | €79,271 | €79,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,350 | -€11,515 | -€9,165 | -390.0% |
| Amounts payable | 17/49 | €80,783 | €10,292 | -€70,491 | -87.3% |
| Amounts payable after more than one year | 17 | - | €5,455 | +€5,455 | |
| Other amounts payable | 178/9 | - | €5,455 | +€5,455 | |
| Amounts payable within one year | 42/48 | €80,783 | €4,836 | -€75,946 | -94.0% |
| Trade debts | 44 | €6,114 | €4,836 | -€1,277 | -20.9% |
| Suppliers | 440/4 | €6,114 | €4,836 | -€1,277 | -20.9% |
| Taxes, remuneration and social security | 45 | €429 | - | -€429 | |
| Taxes | 450/3 | €429 | - | -€429 | |
| Other amounts payable | 47/48 | €74,241 | - | -€74,241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,642 | €8,642 | = | 0.0% |
| Other operating charges | 640/8 | €933 | €967 | +€34 | +3.6% |
| Gross operating margin | 9900 | €16,967 | €1,198 | -€15,769 | -92.9% |
| Operating profit (loss) | 9901 | €7,391 | -€8,411 | -€15,802 | |
| Financial income | 75/76B | €32 | €252 | +€219 | +676.6% |
| Recurring financial income | 75 | €32 | €252 | +€219 | +676.6% |
| Financial charges | 65/66B | €708 | €723 | +€15 | +2.2% |
| Recurring financial charges | 65 | €708 | €723 | +€15 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €6,716 | -€8,882 | -€15,598 | |
| Income taxes | 67/77 | €2,430 | €283 | -€2,147 | -88.4% |
| Profit (loss) for the period | 9904 | €4,286 | -€9,165 | -€13,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,286 | -€9,165 | -€13,451 |
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 28 September 2026 via checked.be.