DEVANKE: 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.
DEVANKE
Largest movements
- Cash +€789,770
up €789,770 (+103%), from €768,342 to €1.6m
mainly Current investments (+€500,000) and Net result for the year (+€345,475)
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Receivables within one year -€102,142
down €102,142 (-46.5%), from €219,741 to €117,599
of which Trade receivables: -€72,208
- Profit (loss) carried forward +€345,475
up €345,475 (+28.7%), from €1.2m to €1.5m
- Trade debts -€228,739
down €228,739 (-55.9%), from €408,985 to €180,246
- Accrued charges and deferred income +€42,668
up €42,668 (+1,319%), from €3,234 to €45,902
- Tax, wage and social debts +€30,300
new in 2025: €30,300
- Gross operating margin +€268,523
up €268,523 (+142%), from €189,404 to €457,927
- Taxes +€61,351
up €61,351 (+131%), from €46,934 to €108,285
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 | €1,684,043 | €1,873,747 | +€189,704 | +11.3% |
| Fixed assets | 21/28 | €5,901 | €3,043 | -€2,858 | -48.4% |
| Tangible fixed assets | 22/27 | €5,901 | €3,043 | -€2,858 | -48.4% |
| Plant, machinery and equipment | 23 | €966 | €0 | -€966 | -100% |
| Furniture and vehicles | 24 | €4,935 | €3,043 | -€1,892 | -38.3% |
| Current assets | 29/58 | €1,678,142 | €1,870,704 | +€192,562 | +11.5% |
| Stocks and contracts in progress | 3 | €183,876 | €188,473 | +€4,597 | +2.5% |
| Stocks | 30/36 | €183,876 | €188,473 | +€4,597 | +2.5% |
| Amounts receivable within one year | 40/41 | €219,741 | €117,599 | -€102,142 | -46.5% |
| Trade receivables | 40 | €184,214 | €112,006 | -€72,208 | -39.2% |
| Other amounts receivable | 41 | €35,526 | €5,593 | -€29,934 | -84.3% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €768,342 | €1,558,112 | +€789,770 | +103% |
| Deferred charges and accrued income | 490/1 | €6,184 | €6,520 | +€337 | +5.4% |
| Total equity and liabilities | 10/49 | €1,684,043 | €1,873,747 | +€189,704 | +11.3% |
| Equity | 10/15 | €1,271,824 | €1,617,299 | +€345,475 | +27.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,203,653 | €1,549,128 | +€345,475 | +28.7% |
| Amounts payable | 17/49 | €412,219 | €256,448 | -€155,771 | -37.8% |
| Amounts payable within one year | 42/48 | €408,985 | €210,546 | -€198,439 | -48.5% |
| Trade debts | 44 | €408,985 | €180,246 | -€228,739 | -55.9% |
| Suppliers | 440/4 | €408,985 | €180,246 | -€228,739 | -55.9% |
| Taxes, remuneration and social security | 45 | - | €30,300 | +€30,300 | |
| Taxes | 450/3 | - | €30,300 | +€30,300 | |
| Accrued charges and deferred income | 492/3 | €3,234 | €45,902 | +€42,668 | +1,319% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,640 | €2,858 | -€782 | -21.5% |
| Other operating charges | 640/8 | €7,513 | €12,019 | +€4,506 | +60.0% |
| Gross operating margin | 9900 | €189,404 | €457,927 | +€268,523 | +142% |
| Operating profit (loss) | 9901 | €178,252 | €443,050 | +€264,798 | +149% |
| Financial income | 75/76B | €8,813 | €11,610 | +€2,797 | +31.7% |
| Recurring financial income | 75 | €8,813 | €11,610 | +€2,797 | +31.7% |
| Financial charges | 65/66B | €995 | €900 | -€95 | -9.6% |
| Recurring financial charges | 65 | €995 | €900 | -€95 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €186,069 | €453,760 | +€267,691 | +144% |
| Income taxes | 67/77 | €46,934 | €108,285 | +€61,351 | +131% |
| Profit (loss) for the period | 9904 | €139,136 | €345,475 | +€206,340 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €139,136 | €345,475 | +€206,340 | +148% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.