DEVANO: 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.
DEVANO
Largest movements
- Stocks and contracts -€161,894
down €161,894 (-32.5%), from €498,272 to €336,379
- Cash -€132,087
down €132,087 (-40.7%), from €324,143 to €192,056
mainly Net result for the year (-€233,255) and Trade debts (-€114,883)
- Tangible fixed assets -€55,316
down €55,316 (-10.8%), from €510,692 to €455,376
of which Land and buildings: -€52,863
- Receivables within one year -€30,844
down €30,844 (-27.7%), from €111,309 to €80,465
of which Trade receivables: -€36,182
- Profit (loss) carried forward -€233,255
down €233,255 (-30.5%), from -€763,909 to -€997,163
- Trade debts -€114,883
down €114,883 (-21.7%), from €528,270 to €413,387
- Short-term financial debts -€30,000
down €30,000 (-7.5%), from €400,000 to €370,000
- Debts after one year -€16,810
down €16,810 (-17.3%), from €97,342 to €80,532
- Other debts +€15,033
up €15,033 (+5.0%), from €298,121 to €313,155
- Gross operating margin -€389,513
down €389,513, from €309,540 to -€79,974
- Depreciation -€40,974
down €40,974 (-28.4%), from €144,203 to €103,229
- Financial charges -€25,339
down €25,339 (-43.5%), from €58,193 to €32,854
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 | €1,446,634 | €1,066,720 | -€379,914 | -26.3% |
| Fixed assets | 21/28 | €512,442 | €457,126 | -€55,316 | -10.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €510,692 | €455,376 | -€55,316 | -10.8% |
| Land and buildings | 22 | €497,991 | €445,129 | -€52,863 | -10.6% |
| Plant, machinery and equipment | 23 | €12,701 | €10,247 | -€2,453 | -19.3% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €934,193 | €609,594 | -€324,598 | -34.7% |
| Stocks and contracts in progress | 3 | €498,272 | €336,379 | -€161,894 | -32.5% |
| Stocks | 30/36 | €498,272 | €336,379 | -€161,894 | -32.5% |
| Amounts receivable within one year | 40/41 | €111,309 | €80,465 | -€30,844 | -27.7% |
| Trade receivables | 40 | €109,122 | €72,940 | -€36,182 | -33.2% |
| Other amounts receivable | 41 | €2,187 | €7,525 | +€5,338 | +244.1% |
| Cash at bank and in hand | 54/58 | €324,143 | €192,056 | -€132,087 | -40.7% |
| Deferred charges and accrued income | 490/1 | €468 | €694 | +€226 | +48.3% |
| Total equity and liabilities | 10/49 | €1,446,634 | €1,066,720 | -€379,914 | -26.3% |
| Equity | 10/15 | €106,091 | -€127,163 | -€233,255 | |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€763,909 | -€997,163 | -€233,255 | -30.5% |
| Amounts payable | 17/49 | €1,340,543 | €1,193,884 | -€146,660 | -10.9% |
| Amounts payable after more than one year | 17 | €97,342 | €80,532 | -€16,810 | -17.3% |
| Financial debts | 170/4 | €97,342 | €80,532 | -€16,810 | -17.3% |
| Amounts payable within one year | 42/48 | €1,243,201 | €1,113,352 | -€129,850 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €16,810 | €16,810 | = | 0.0% |
| Financial debts | 43 | €400,000 | €370,000 | -€30,000 | -7.5% |
| Credit institutions | 430/8 | €400,000 | €370,000 | -€30,000 | -7.5% |
| Trade debts | 44 | €528,270 | €413,387 | -€114,883 | -21.7% |
| Suppliers | 440/4 | €528,270 | €413,387 | -€114,883 | -21.7% |
| Other amounts payable | 47/48 | €298,121 | €313,155 | +€15,033 | +5.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,203 | €103,229 | -€40,974 | -28.4% |
| Other operating charges | 640/8 | €18,350 | €17,198 | -€1,152 | -6.3% |
| Gross operating margin | 9900 | €309,540 | -€79,974 | -€389,513 | |
| Operating profit (loss) | 9901 | €146,987 | -€200,400 | -€347,387 | |
| Financial income | 75/76B | €18 | €0 | -€18 | -100.0% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100.0% |
| Financial charges | 65/66B | €58,193 | €32,854 | -€25,339 | -43.5% |
| Recurring financial charges | 65 | €58,193 | €32,854 | -€25,339 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €88,812 | -€233,255 | -€322,066 | |
| Profit (loss) for the period | 9904 | €88,812 | -€233,255 | -€322,066 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,812 | -€233,255 | -€322,066 |
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 5 October 2026 via checked.be.