DEVANTA: 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.
DEVANTA
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€255,043
down €255,043 (-11.5%), from €2.2m to €2.0m
mainly Current investments (-€500,000) and Trade debts (-€85,828)
- Receivables within one year +€82,389
up €82,389 (+143%), from €57,704 to €140,093
of which Trade receivables: +€123,579
- Stocks and contracts +€71,224
up €71,224 (+41.7%), from €170,961 to €242,185
- Reserves +€470,064
up €470,064 (+22.8%), from €2.1m to €2.5m
of which Distributable reserves: +€470,064
- Trade debts -€85,828
down €85,828 (-69.9%), from €122,806 to €36,978
- Other debts -€37,587
down €37,587 (-16.0%), from €235,151 to €197,564
- Tax, wage and social debts +€33,158
up €33,158 (+54.4%), from €60,997 to €94,155
of which Taxes: +€38,412
- Gross operating margin +€91,656
up €91,656 (+14.6%), from €625,667 to €717,323
- Financial income -€37,177
down €37,177 (-48.6%), from €76,489 to €39,312
- Taxes +€27,704
up €27,704 (+14.4%), from €192,969 to €220,673
- Depreciation -€13,288
down €13,288 (-40.7%), from €32,651 to €19,363
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 | €2,535,501 | €2,914,683 | +€379,182 | +15.0% |
| Fixed assets | 21/28 | €35,906 | €16,543 | -€19,363 | -53.9% |
| Tangible fixed assets | 22/27 | €35,906 | €16,543 | -€19,363 | -53.9% |
| Land and buildings | 22 | €13,906 | €12,275 | -€1,631 | -11.7% |
| Plant, machinery and equipment | 23 | €10,332 | - | -€10,332 | |
| Furniture and vehicles | 24 | €11,668 | €4,268 | -€7,400 | -63.4% |
| Current assets | 29/58 | €2,499,595 | €2,898,140 | +€398,545 | +15.9% |
| Stocks and contracts in progress | 3 | €170,961 | €242,185 | +€71,224 | +41.7% |
| Stocks | 30/36 | €170,961 | €242,185 | +€71,224 | +41.7% |
| Amounts receivable within one year | 40/41 | €57,704 | €140,093 | +€82,389 | +143% |
| Trade receivables | 40 | - | €123,579 | +€123,579 | |
| Other amounts receivable | 41 | €57,704 | €16,514 | -€41,190 | -71.4% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €2,222,276 | €1,967,233 | -€255,043 | -11.5% |
| Deferred charges and accrued income | 490/1 | €48,654 | €48,629 | -€25 | -0.1% |
| Total equity and liabilities | 10/49 | €2,535,501 | €2,914,683 | +€379,182 | +15.0% |
| Equity | 10/15 | €2,084,851 | €2,554,916 | +€470,064 | +22.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,065,851 | €2,535,916 | +€470,064 | +22.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €2,063,951 | €2,534,016 | +€470,064 | +22.8% |
| Amounts payable | 17/49 | €450,649 | €359,767 | -€90,883 | -20.2% |
| Amounts payable within one year | 42/48 | €418,955 | €328,697 | -€90,258 | -21.5% |
| Trade debts | 44 | €122,806 | €36,978 | -€85,828 | -69.9% |
| Suppliers | 440/4 | €122,806 | €36,978 | -€85,828 | -69.9% |
| Taxes, remuneration and social security | 45 | €60,997 | €94,155 | +€33,158 | +54.4% |
| Taxes | 450/3 | €55,555 | €93,967 | +€38,412 | +69.1% |
| Remuneration and social security | 454/9 | €5,442 | €188 | -€5,255 | -96.6% |
| Other amounts payable | 47/48 | €235,151 | €197,564 | -€37,587 | -16.0% |
| Accrued charges and deferred income | 492/3 | €31,695 | €31,070 | -€625 | -2.0% |
| Non-recurring operating income | 76A | - | €48,000 | +€48,000 | |
| Remuneration, social security and pensions | 62 | €6,372 | €5,221 | -€1,151 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,651 | €19,363 | -€13,288 | -40.7% |
| Other operating charges | 640/8 | €7,795 | €4,848 | -€2,947 | -37.8% |
| Gross operating margin | 9900 | €625,667 | €717,323 | +€91,656 | +14.6% |
| Operating profit (loss) | 9901 | €578,849 | €687,891 | +€109,042 | +18.8% |
| Financial income | 75/76B | €76,489 | €39,312 | -€37,177 | -48.6% |
| Recurring financial income | 75 | €76,489 | €39,312 | -€37,177 | -48.6% |
| Financial charges | 65/66B | €13,540 | €12,466 | -€1,074 | -7.9% |
| Recurring financial charges | 65 | €13,540 | €12,466 | -€1,074 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €641,798 | €714,737 | +€72,939 | +11.4% |
| Income taxes | 67/77 | €192,969 | €220,673 | +€27,704 | +14.4% |
| Profit (loss) for the period | 9904 | €448,829 | €494,064 | +€45,235 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €448,829 | €494,064 | +€45,235 | +10.1% |
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 26 October 2026 via checked.be.