DEVANTHO: 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.
DEVANTHO
Largest movements
- Receivables within one year -€75,597
down €75,597 (-41.2%), from €183,452 to €107,854
of which Trade receivables: -€70,270
- Tangible fixed assets -€27,079
down €27,079 (-18.4%), from €147,383 to €120,304
of which Furniture and vehicles: -€22,858
- Cash -€24,223
down €24,223 (-21.5%), from €112,571 to €88,348
mainly Contributions, distributions and other (-€87,233) and Trade debts (-€44,696)
- Reserves -€64,782
down €64,782 (-18.2%), from €355,330 to €290,548
of which Distributable reserves: -€58,400
- Trade debts -€44,696
down €44,696 (-59.8%), from €74,796 to €30,100
- Debts after one year -€10,053
down €10,053 (-33.9%), from €29,624 to €19,571
- Gross operating margin -€96,813
down €96,813 (-51.0%), from €189,744 to €92,931
- Taxes -€22,936
down €22,936 (-69.6%), from €32,976 to €10,040
- Staff costs -€17,361
down €17,361 (-34.3%), from €50,638 to €33,278
- Other operating charges +€4,182
up €4,182 (+254.4%), from €1,644 to €5,826
- Depreciation -€2,419
down €2,419 (-6.0%), from €40,151 to €37,732
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 | €533,995 | €409,002 | -€124,994 | -23.4% |
| Fixed assets | 21/28 | €151,088 | €125,564 | -€25,525 | -16.9% |
| Intangible fixed assets | 21 | €2,155 | €3,709 | +€1,555 | +72.1% |
| Tangible fixed assets | 22/27 | €147,383 | €120,304 | -€27,079 | -18.4% |
| Land and buildings | 22 | €42,955 | €41,706 | -€1,250 | -2.9% |
| Plant, machinery and equipment | 23 | €12,115 | €9,143 | -€2,972 | -24.5% |
| Furniture and vehicles | 24 | €92,313 | €69,455 | -€22,858 | -24.8% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €382,907 | €283,438 | -€99,469 | -26.0% |
| Stocks and contracts in progress | 3 | €78,150 | €78,226 | +€76 | +0.1% |
| Stocks | 30/36 | €78,150 | €71,400 | -€6,750 | -8.6% |
| Contracts in progress | 37 | - | €6,826 | +€6,826 | |
| Amounts receivable within one year | 40/41 | €183,452 | €107,854 | -€75,597 | -41.2% |
| Trade receivables | 40 | €143,981 | €73,711 | -€70,270 | -48.8% |
| Other amounts receivable | 41 | €39,471 | €34,143 | -€5,328 | -13.5% |
| Cash at bank and in hand | 54/58 | €112,571 | €88,348 | -€24,223 | -21.5% |
| Deferred charges and accrued income | 490/1 | €8,734 | €9,010 | +€275 | +3.2% |
| Total equity and liabilities | 10/49 | €533,995 | €409,002 | -€124,994 | -23.4% |
| Equity | 10/15 | €374,899 | €309,327 | -€65,572 | -17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €355,330 | €290,548 | -€64,782 | -18.2% |
| Tax-exempt reserves | 132 | €37,467 | €31,086 | -€6,382 | -17.0% |
| Distributable reserves | 133 | €317,863 | €259,463 | -€58,400 | -18.4% |
| Profit (loss) carried forward | 14 | €969 | €179 | -€790 | -81.6% |
| Provisions and deferred taxes | 16 | €8,078 | €5,950 | -€2,127 | -26.3% |
| Deferred taxes | 168 | €8,078 | €5,950 | -€2,127 | -26.3% |
| Amounts payable | 17/49 | €151,019 | €93,724 | -€57,295 | -37.9% |
| Amounts payable after more than one year | 17 | €29,624 | €19,571 | -€10,053 | -33.9% |
| Financial debts | 170/4 | €29,624 | €19,571 | -€10,053 | -33.9% |
| Amounts payable within one year | 42/48 | €121,395 | €74,153 | -€47,242 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €9,637 | €10,053 | +€416 | +4.3% |
| Trade debts | 44 | €74,796 | €30,100 | -€44,696 | -59.8% |
| Suppliers | 440/4 | €74,796 | €30,100 | -€44,696 | -59.8% |
| Taxes, remuneration and social security | 45 | €23,129 | €23,267 | +€138 | +0.6% |
| Taxes | 450/3 | €17,046 | €16,616 | -€430 | -2.5% |
| Remuneration and social security | 454/9 | €6,084 | €6,651 | +€568 | +9.3% |
| Other amounts payable | 47/48 | €13,833 | €10,733 | -€3,100 | -22.4% |
| Remuneration, social security and pensions | 62 | €50,638 | €33,278 | -€17,361 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,151 | €37,732 | -€2,419 | -6.0% |
| Other operating charges | 640/8 | €1,644 | €5,826 | +€4,182 | +254.4% |
| Gross operating margin | 9900 | €189,744 | €92,931 | -€96,813 | -51.0% |
| Operating profit (loss) | 9901 | €97,311 | €16,095 | -€81,216 | -83.5% |
| Financial income | 75/76B | €17,098 | €17,241 | +€142 | +0.8% |
| Recurring financial income | 75 | €17,098 | €17,241 | +€142 | +0.8% |
| Financial charges | 65/66B | €4,542 | €3,762 | -€780 | -17.2% |
| Recurring financial charges | 65 | €4,542 | €3,762 | -€780 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €109,868 | €29,574 | -€80,294 | -73.1% |
| Transfer from deferred taxes | 780 | €2,127 | €2,127 | = | 0.0% |
| Income taxes | 67/77 | €32,976 | €10,040 | -€22,936 | -69.6% |
| Profit (loss) for the period | 9904 | €79,019 | €21,661 | -€57,358 | -72.6% |
| Transfer from tax-exempt reserves | 789 | €6,382 | €6,382 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,400 | €28,043 | -€57,358 | -67.2% |
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.