DEVANMAT: 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.
DEVANMAT
Largest movements
- Stocks and contracts -€74,050
down €74,050 (-17.3%), from €427,350 to €353,300
- Cash +€63,863
up €63,863 (+94.2%), from €67,807 to €131,670
mainly Stocks and contracts (+€74,050) and Net result for the year (+€64,014)
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tangible fixed assets -€24,781
down €24,781 (-5.3%), from €464,937 to €440,157
of which Furniture and vehicles: -€14,338
- Debts after one year -€167,987
down €167,987 (-28.7%), from €585,656 to €417,669
of which Financial debts: -€160,649
- Reserves +€64,014
up €64,014 (+17.7%), from €361,686 to €425,700
- Trade debts +€36,806
up €36,806 (+318.9%), from €11,541 to €48,347
- Current portion of long-term debt -€11,873
down €11,873 (-29.0%), from €40,980 to €29,107
- Gross operating margin +€48,395
up €48,395 (+28.8%), from €168,181 to €216,576
- Other operating charges +€36,675
up €36,675 (+339.3%), from €10,810 to €47,485
- Taxes +€16,490
up €16,490 (+74.3%), from €22,193 to €38,684
- Financial charges -€13,270
down €13,270 (-27.2%), from €48,739 to €35,470
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 | €1,098,395 | €1,023,001 | -€75,394 | -6.9% |
| Fixed assets | 21/28 | €464,937 | €440,157 | -€24,781 | -5.3% |
| Tangible fixed assets | 22/27 | €464,937 | €440,157 | -€24,781 | -5.3% |
| Land and buildings | 22 | €423,996 | €410,205 | -€13,791 | -3.3% |
| Plant, machinery and equipment | 23 | €3,401 | €6,749 | +€3,348 | +98.4% |
| Furniture and vehicles | 24 | €37,540 | €23,202 | -€14,338 | -38.2% |
| Current assets | 29/58 | €633,458 | €582,844 | -€50,614 | -8.0% |
| Stocks and contracts in progress | 3 | €427,350 | €353,300 | -€74,050 | -17.3% |
| Stocks | 30/36 | €427,350 | €353,300 | -€74,050 | -17.3% |
| Amounts receivable within one year | 40/41 | €83,109 | €92,194 | +€9,085 | +10.9% |
| Trade receivables | 40 | €82,959 | €89,193 | +€6,234 | +7.5% |
| Other amounts receivable | 41 | €150 | €3,001 | +€2,851 | +1900.5% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €67,807 | €131,670 | +€63,863 | +94.2% |
| Deferred charges and accrued income | 490/1 | €5,192 | €5,680 | +€488 | +9.4% |
| Total equity and liabilities | 10/49 | €1,098,395 | €1,023,001 | -€75,394 | -6.9% |
| Equity | 10/15 | €426,686 | €490,700 | +€64,014 | +15.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €361,686 | €425,700 | +€64,014 | +17.7% |
| Distributable reserves | 133 | €361,686 | €425,700 | +€64,014 | +17.7% |
| Amounts payable | 17/49 | €671,709 | €532,300 | -€139,408 | -20.8% |
| Amounts payable after more than one year | 17 | €585,656 | €417,669 | -€167,987 | -28.7% |
| Financial debts | 170/4 | €565,540 | €404,892 | -€160,649 | -28.4% |
| Other amounts payable | 178/9 | €20,116 | €12,777 | -€7,338 | -36.5% |
| Amounts payable within one year | 42/48 | €69,982 | €103,251 | +€33,270 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €40,980 | €29,107 | -€11,873 | -29.0% |
| Financial debts | 43 | €8,443 | €6,772 | -€1,671 | -19.8% |
| Other loans | 439 | €8,443 | €6,772 | -€1,671 | -19.8% |
| Trade debts | 44 | €11,541 | €48,347 | +€36,806 | +318.9% |
| Suppliers | 440/4 | €11,541 | €48,347 | +€36,806 | +318.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €9,017 | €19,025 | +€10,008 | +111.0% |
| Taxes | 450/3 | €9,017 | €19,025 | +€10,008 | +111.0% |
| Accrued charges and deferred income | 492/3 | €16,071 | €11,380 | -€4,691 | -29.2% |
| Non-recurring operating income | 76A | €6,620 | €0 | -€6,620 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,868 | €30,981 | +€113 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,353 | €0 | -€1,353 | -100.0% |
| Other operating charges | 640/8 | €10,810 | €47,485 | +€36,675 | +339.3% |
| Gross operating margin | 9900 | €168,181 | €216,576 | +€48,395 | +28.8% |
| Operating profit (loss) | 9901 | €125,151 | €138,110 | +€12,959 | +10.4% |
| Financial income | 75/76B | €1,090 | €57 | -€1,033 | -94.8% |
| Recurring financial income | 75 | €1,090 | €57 | -€1,033 | -94.8% |
| Financial charges | 65/66B | €48,739 | €35,470 | -€13,270 | -27.2% |
| Recurring financial charges | 65 | €48,739 | €35,470 | -€13,270 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €77,502 | €102,698 | +€25,195 | +32.5% |
| Income taxes | 67/77 | €22,193 | €38,684 | +€16,490 | +74.3% |
| Profit (loss) for the period | 9904 | €55,309 | €64,014 | +€8,705 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,309 | €64,014 | +€8,705 | +15.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.