DEVARCO: 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.
DEVARCO
Largest movements
- Tangible fixed assets -€7,054
down €7,054 (-45.2%), from €15,619 to €8,564
of which Land and buildings: -€5,000
- Cash -€1,773
down €1,773 (-16.8%), from €10,542 to €8,769
mainly Net result for the year (-€11,184)
- Reserves -€11,184
down €11,184 (-75.0%), from €14,907 to €3,723
of which Distributable reserves: -€11,184
- Trade debts +€832
up €832 (+105%), from €792 to €1,623
- Other debts +€777
up €777 (+30.8%), from €2,524 to €3,301
- Gross operating margin +€2,425
up €2,425 (+63.8%), from -€3,800 to -€1,375
- Depreciation -€1,466
down €1,466 (-17.2%), from €8,521 to €7,054
- Taxes +€309
up €309 (+149%), from €208 to €517
- Other operating charges +€66
up €66 (+3.3%), from €1,986 to €2,052
- Financial charges +€50
up €50 (+36.6%), from €136 to €185
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 | €37,061 | €27,783 | -€9,278 | -25.0% |
| Fixed assets | 21/28 | €15,619 | €8,564 | -€7,054 | -45.2% |
| Tangible fixed assets | 22/27 | €15,619 | €8,564 | -€7,054 | -45.2% |
| Land and buildings | 22 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Furniture and vehicles | 24 | €5,619 | €3,565 | -€2,054 | -36.6% |
| Current assets | 29/58 | €21,443 | €19,219 | -€2,224 | -10.4% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,766 | €5,626 | -€139 | -2.4% |
| Trade receivables | 40 | €3,000 | €5,479 | +€2,479 | +82.6% |
| Other amounts receivable | 41 | €2,766 | €148 | -€2,618 | -94.7% |
| Cash at bank and in hand | 54/58 | €10,542 | €8,769 | -€1,773 | -16.8% |
| Deferred charges and accrued income | 490/1 | €1,135 | €824 | -€311 | -27.4% |
| Total equity and liabilities | 10/49 | €37,061 | €27,783 | -€9,278 | -25.0% |
| Equity | 10/15 | €33,507 | €22,323 | -€11,184 | -33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,907 | €3,723 | -€11,184 | -75.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,047 | €1,863 | -€11,184 | -85.7% |
| Amounts payable | 17/49 | €3,555 | €5,460 | +€1,905 | +53.6% |
| Amounts payable within one year | 42/48 | €3,555 | €5,460 | +€1,905 | +53.6% |
| Trade debts | 44 | €792 | €1,623 | +€832 | +105% |
| Suppliers | 440/4 | €792 | €1,623 | +€832 | +105% |
| Taxes, remuneration and social security | 45 | €239 | €535 | +€296 | +124% |
| Taxes | 450/3 | €239 | €535 | +€296 | +124% |
| Other amounts payable | 47/48 | €2,524 | €3,301 | +€777 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,521 | €7,054 | -€1,466 | -17.2% |
| Other operating charges | 640/8 | €1,986 | €2,052 | +€66 | +3.3% |
| Gross operating margin | 9900 | -€3,800 | -€1,375 | +€2,425 | +63.8% |
| Operating profit (loss) | 9901 | -€14,306 | -€10,482 | +€3,825 | +26.7% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €136 | €185 | +€50 | +36.6% |
| Recurring financial charges | 65 | €136 | €185 | +€50 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,432 | -€10,667 | +€3,765 | +26.1% |
| Income taxes | 67/77 | €208 | €517 | +€309 | +149% |
| Profit (loss) for the period | 9904 | -€14,640 | -€11,184 | +€3,456 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,640 | -€11,184 | +€3,456 | +23.6% |
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 31 October 2026 via checked.be.