DEVAND: 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.
DEVAND
Largest movements
- Receivables within one year +€92,996
up €92,996 (+26.8%), from €347,476 to €440,472
of which Other amounts receivable: +€92,457
- Stocks and contracts -€7,563
down €7,563 (-4.7%), from €161,632 to €154,069
- Other debts +€54,733
up €54,733 (+142%), from €38,500 to €93,233
- Reserves +€22,084
up €22,084 (+7.9%), from €280,181 to €302,265
- Trade debts +€18,688
up €18,688 (+200%), from €9,333 to €28,021
- Tax, wage and social debts -€7,886
down €7,886 (-14.7%), from €53,573 to €45,687
- Gross operating margin -€16,959
down €16,959 (-8.8%), from €191,777 to €174,818
- Other operating charges +€11,581
up €11,581 (+254%), from €4,553 to €16,134
- Taxes -€7,982
down €7,982 (-12.5%), from €64,080 to €56,098
- Financial income +€3,973
up €3,973 (+25.4%), from €15,674 to €19,647
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 | €520,374 | €604,915 | +€84,541 | +16.2% |
| Fixed assets | 21/28 | €3,370 | €3,117 | -€253 | -7.5% |
| Tangible fixed assets | 22/27 | €1,585 | €1,392 | -€193 | -12.2% |
| Furniture and vehicles | 24 | €1,585 | €913 | -€672 | -42.4% |
| Leasing and similar rights | 25 | - | €479 | +€479 | |
| Financial fixed assets | 28 | €1,785 | €1,725 | -€60 | -3.4% |
| Current assets | 29/58 | €517,004 | €601,798 | +€84,794 | +16.4% |
| Stocks and contracts in progress | 3 | €161,632 | €154,069 | -€7,563 | -4.7% |
| Stocks | 30/36 | €161,632 | €154,069 | -€7,563 | -4.7% |
| Amounts receivable within one year | 40/41 | €347,476 | €440,472 | +€92,996 | +26.8% |
| Trade receivables | 40 | €29,224 | €29,763 | +€539 | +1.8% |
| Other amounts receivable | 41 | €318,251 | €410,708 | +€92,457 | +29.1% |
| Cash at bank and in hand | 54/58 | €7,896 | €7,257 | -€639 | -8.1% |
| Total equity and liabilities | 10/49 | €520,374 | €604,915 | +€84,541 | +16.2% |
| Equity | 10/15 | €322,426 | €344,510 | +€22,084 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €280,181 | €302,265 | +€22,084 | +7.9% |
| Distributable reserves | 133 | €280,181 | €302,265 | +€22,084 | +7.9% |
| Profit (loss) carried forward | 14 | €23,645 | €23,645 | = | 0.0% |
| Amounts payable | 17/49 | €197,948 | €260,405 | +€62,457 | +31.6% |
| Amounts payable within one year | 42/48 | €197,948 | €260,405 | +€62,457 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €46,542 | €43,464 | -€3,078 | -6.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €9,333 | €28,021 | +€18,688 | +200% |
| Suppliers | 440/4 | €9,333 | €28,021 | +€18,688 | +200% |
| Taxes, remuneration and social security | 45 | €53,573 | €45,687 | -€7,886 | -14.7% |
| Taxes | 450/3 | €53,573 | €45,687 | -€7,886 | -14.7% |
| Other amounts payable | 47/48 | €38,500 | €93,233 | +€54,733 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €911 | -€400 | -30.5% |
| Other operating charges | 640/8 | €4,553 | €16,134 | +€11,581 | +254% |
| Gross operating margin | 9900 | €191,777 | €174,818 | -€16,959 | -8.8% |
| Operating profit (loss) | 9901 | €185,913 | €157,772 | -€28,141 | -15.1% |
| Financial income | 75/76B | €15,674 | €19,647 | +€3,973 | +25.4% |
| Recurring financial income | 75 | €15,674 | €19,647 | +€3,973 | +25.4% |
| Financial charges | 65/66B | €6,594 | €6,004 | -€590 | -8.9% |
| Recurring financial charges | 65 | €6,594 | €6,004 | -€590 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €194,993 | €171,416 | -€23,577 | -12.1% |
| Income taxes | 67/77 | €64,080 | €56,098 | -€7,982 | -12.5% |
| Profit (loss) for the period | 9904 | €130,913 | €115,317 | -€15,595 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €130,913 | €115,317 | -€15,595 | -11.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.