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
- Tangible fixed assets -€16,110
down €16,110 (-50.2%), from €32,072 to €15,962
of which Furniture and vehicles: -€14,778
- Receivables within one year -€14,936
down €14,936 (-33.0%), from €45,238 to €30,301
of which Other amounts receivable: -€12,457
- Stocks and contracts +€6,658
up €6,658 (+63.4%), from €10,495 to €17,152
- Deferred charges and accrued income -€1,370
down €1,370 (-31.9%), from €4,294 to €2,925
- Current portion of long-term debt -€16,695
down €16,695 (-100.0%), from €16,695 to €0
- Trade debts -€16,434
down €16,434 (-49.3%), from €33,336 to €16,902
- Profit (loss) carried forward +€10,271
up €10,271, from -€908 to €9,363
- Short-term financial debts -€5,054
down €5,054 (-24.5%), from €20,588 to €15,534
- Tax, wage and social debts +€1,558
up €1,558 (+16.5%), from €9,468 to €11,026
of which Remuneration and social security: +€2,300
- Gross operating margin +€12,339
up €12,339 (+42.4%), from €29,123 to €41,462
- Depreciation -€4,450
down €4,450 (-18.6%), from €23,902 to €19,451
- Write-downs -€4,117
no longer reported in 2025 (was €4,117)
- Taxes +€3,145
up €3,145 (+984.8%), from €319 to €3,465
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 | €99,927 | €74,093 | -€25,834 | -25.9% |
| Fixed assets | 21/28 | €32,072 | €15,962 | -€16,110 | -50.2% |
| Tangible fixed assets | 22/27 | €32,072 | €15,962 | -€16,110 | -50.2% |
| Plant, machinery and equipment | 23 | €4,755 | €3,424 | -€1,332 | -28.0% |
| Furniture and vehicles | 24 | €27,316 | €12,538 | -€14,778 | -54.1% |
| Current assets | 29/58 | €67,855 | €58,131 | -€9,724 | -14.3% |
| Stocks and contracts in progress | 3 | €10,495 | €17,152 | +€6,658 | +63.4% |
| Stocks | 30/36 | €10,495 | €17,152 | +€6,658 | +63.4% |
| Amounts receivable within one year | 40/41 | €45,238 | €30,301 | -€14,936 | -33.0% |
| Trade receivables | 40 | €17,251 | €14,771 | -€2,479 | -14.4% |
| Other amounts receivable | 41 | €27,987 | €15,530 | -€12,457 | -44.5% |
| Cash at bank and in hand | 54/58 | €7,829 | €7,753 | -€76 | -1.0% |
| Deferred charges and accrued income | 490/1 | €4,294 | €2,925 | -€1,370 | -31.9% |
| Total equity and liabilities | 10/49 | €99,927 | €74,093 | -€25,834 | -25.9% |
| Equity | 10/15 | €19,544 | €29,814 | +€10,271 | +52.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€908 | €9,363 | +€10,271 | |
| Amounts payable | 17/49 | €80,383 | €44,279 | -€36,104 | -44.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €80,383 | €44,279 | -€36,104 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €16,695 | €0 | -€16,695 | -100.0% |
| Financial debts | 43 | €20,588 | €15,534 | -€5,054 | -24.5% |
| Credit institutions | 430/8 | €20,588 | €15,534 | -€5,054 | -24.5% |
| Trade debts | 44 | €33,336 | €16,902 | -€16,434 | -49.3% |
| Suppliers | 440/4 | €33,336 | €16,902 | -€16,434 | -49.3% |
| Advances received on contracts in progress | 46 | - | €520 | +€520 | |
| Taxes, remuneration and social security | 45 | €9,468 | €11,026 | +€1,558 | +16.5% |
| Taxes | 450/3 | €9,468 | €8,726 | -€742 | -7.8% |
| Remuneration and social security | 454/9 | €0 | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €297 | €297 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,902 | €19,451 | -€4,450 | -18.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,117 | - | -€4,117 | |
| Other operating charges | 640/8 | €3,383 | €3,055 | -€327 | -9.7% |
| Gross operating margin | 9900 | €29,123 | €41,462 | +€12,339 | +42.4% |
| Operating profit (loss) | 9901 | -€2,278 | €18,955 | +€21,233 | |
| Financial income | 75/76B | €27 | €10 | -€17 | -61.8% |
| Recurring financial income | 75 | €27 | €10 | -€17 | -61.8% |
| Financial charges | 65/66B | €5,483 | €5,230 | -€253 | -4.6% |
| Recurring financial charges | 65 | €5,483 | €5,230 | -€253 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,734 | €13,735 | +€21,469 | |
| Income taxes | 67/77 | €319 | €3,465 | +€3,145 | +984.8% |
| Profit (loss) for the period | 9904 | -€8,053 | €10,271 | +€18,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,053 | €10,271 | +€18,323 |
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 8 October 2026 via checked.be.