DEVAP: 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.
DEVAP
Largest movements
- Tangible fixed assets -€18,209
down €18,209 (-6.6%), from €276,477 to €258,268
- Current portion of long-term debt -€46,271
no longer reported in 2025 (was €46,271)
- Other debts +€19,998
up €19,998 (+7.4%), from €269,205 to €289,203
- Trade debts +€4,104
new in 2025: €4,104
- Gross operating margin -€4,191
down €4,191 (-14.0%), from €29,938 to €25,747
- Financial charges -€1,829
down €1,829 (-62.2%), from €2,942 to €1,113
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 | €279,941 | €259,403 | -€20,538 | -7.3% |
| Fixed assets | 21/28 | €276,477 | €258,268 | -€18,209 | -6.6% |
| Tangible fixed assets | 22/27 | €276,477 | €258,268 | -€18,209 | -6.6% |
| Land and buildings | 22 | €276,477 | €258,268 | -€18,209 | -6.6% |
| Current assets | 29/58 | €3,464 | €1,135 | -€2,329 | -67.2% |
| Cash at bank and in hand | 54/58 | €3,464 | €1,135 | -€2,329 | -67.2% |
| Total equity and liabilities | 10/49 | €279,941 | €259,403 | -€20,538 | -7.3% |
| Equity | 10/15 | -€35,535 | -€33,904 | +€1,631 | +4.6% |
| Contributions | 10/11 | €6,820 | €6,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,355 | -€40,724 | +€1,631 | +3.9% |
| Amounts payable | 17/49 | €315,476 | €293,307 | -€22,169 | -7.0% |
| Amounts payable within one year | 42/48 | €315,476 | €293,307 | -€22,169 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €46,271 | - | -€46,271 | |
| Trade debts | 44 | - | €4,104 | +€4,104 | |
| Suppliers | 440/4 | - | €4,104 | +€4,104 | |
| Other amounts payable | 47/48 | €269,205 | €289,203 | +€19,998 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,208 | €18,209 | +€1 | 0.0% |
| Other operating charges | 640/8 | €4,650 | €4,794 | +€144 | +3.1% |
| Gross operating margin | 9900 | €29,938 | €25,747 | -€4,191 | -14.0% |
| Operating profit (loss) | 9901 | €7,080 | €2,744 | -€4,336 | -61.2% |
| Financial charges | 65/66B | €2,942 | €1,113 | -€1,829 | -62.2% |
| Recurring financial charges | 65 | €2,942 | €1,113 | -€1,829 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €4,138 | €1,631 | -€2,507 | -60.6% |
| Profit (loss) for the period | 9904 | €4,138 | €1,631 | -€2,507 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,138 | €1,631 | -€2,507 | -60.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.