Devapo Belgium: 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.
Devapo Belgium
Largest movements
- Receivables within one year -€42,988
down €42,988 (-55.4%), from €77,618 to €34,630
of which Trade receivables: -€48,156
- Tangible fixed assets -€23,444
down €23,444 (-66.7%), from €35,132 to €11,688
- Cash -€4,494
down €4,494 (-51.1%), from €8,802 to €4,308
mainly Other debts (-€32,396) and Trade debts (-€21,866)
- Other debts -€32,396
down €32,396 (-10.0%), from €323,984 to €291,588
- Trade debts -€21,866
down €21,866 (-57.7%), from €37,895 to €16,029
- Tax, wage and social debts -€19,069
down €19,069 (-100.0%), from €19,069 to €0
of which Remuneration and social security: -€13,105
- Profit (loss) carried forward +€7,876
up €7,876 (+2.5%), from -€316,366 to -€308,490
- Current portion of long-term debt -€6,970
down €6,970 (-100.0%), from €6,970 to €0
- Gross operating margin -€102,975
down €102,975 (-74.6%), from €138,044 to €35,069
- Staff costs -€89,076
down €89,076 (-99.3%), from €89,661 to €585
- Financial charges -€8,430
down €8,430 (-45.0%), from €18,731 to €10,301
- Depreciation -€3,644
down €3,644 (-18.3%), from €19,878 to €16,234
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 | €121,552 | €50,627 | -€70,925 | -58.3% |
| Fixed assets | 21/28 | €35,132 | €11,688 | -€23,444 | -66.7% |
| Tangible fixed assets | 22/27 | €35,132 | €11,688 | -€23,444 | -66.7% |
| Plant, machinery and equipment | 23 | €2,101 | €1,077 | -€1,024 | -48.7% |
| Furniture and vehicles | 24 | €8,234 | €624 | -€7,610 | -92.4% |
| Leasing and similar rights | 25 | €10,168 | €2,105 | -€8,063 | -79.3% |
| Other tangible fixed assets | 26 | €14,628 | €7,881 | -€6,747 | -46.1% |
| Current assets | 29/58 | €86,420 | €38,940 | -€47,481 | -54.9% |
| Amounts receivable within one year | 40/41 | €77,618 | €34,630 | -€42,988 | -55.4% |
| Trade receivables | 40 | €77,618 | €29,462 | -€48,156 | -62.0% |
| Other amounts receivable | 41 | €0 | €5,169 | +€5,169 | |
| Cash at bank and in hand | 54/58 | €8,802 | €4,308 | -€4,494 | -51.1% |
| Deferred charges and accrued income | 490/1 | €0 | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €121,552 | €50,627 | -€70,925 | -58.3% |
| Equity | 10/15 | -€266,366 | -€258,490 | +€7,876 | +3.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€316,366 | -€308,490 | +€7,876 | +2.5% |
| Amounts payable | 17/49 | €387,918 | €309,117 | -€78,801 | -20.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €387,918 | €307,617 | -€80,301 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €6,970 | €0 | -€6,970 | -100.0% |
| Trade debts | 44 | €37,895 | €16,029 | -€21,866 | -57.7% |
| Suppliers | 440/4 | €37,895 | €16,029 | -€21,866 | -57.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,069 | €0 | -€19,069 | -100.0% |
| Taxes | 450/3 | €5,965 | €0 | -€5,965 | -100.0% |
| Remuneration and social security | 454/9 | €13,105 | €0 | -€13,105 | -100.0% |
| Other amounts payable | 47/48 | €323,984 | €291,588 | -€32,396 | -10.0% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €89,661 | €585 | -€89,076 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,878 | €16,234 | -€3,644 | -18.3% |
| Other operating charges | 640/8 | €1,102 | €705 | -€396 | -36.0% |
| Gross operating margin | 9900 | €138,044 | €35,069 | -€102,975 | -74.6% |
| Operating profit (loss) | 9901 | €27,403 | €17,545 | -€9,858 | -36.0% |
| Financial income | 75/76B | €733 | €632 | -€101 | -13.7% |
| Recurring financial income | 75 | €733 | €632 | -€101 | -13.7% |
| Financial charges | 65/66B | €18,731 | €10,301 | -€8,430 | -45.0% |
| Recurring financial charges | 65 | €18,731 | €10,301 | -€8,430 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €9,405 | €7,876 | -€1,529 | -16.3% |
| Income taxes | 67/77 | €3 | €0 | -€3 | -100.0% |
| Profit (loss) for the period | 9904 | €9,402 | €7,876 | -€1,526 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,402 | €7,876 | -€1,526 | -16.2% |
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 11 October 2026 via checked.be.