DEVARISA: 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.
DEVARISA
Largest movements
- Tangible fixed assets -€71,016
down €71,016 (-4.1%), from €1.7m to €1.7m
of which Land and buildings: -€67,665
- Cash +€28,701
up €28,701 (+137%), from €20,954 to €49,655
mainly Depreciation (+€71,016) and Net result for the year (+€48,945)
- Debts after one year -€76,555
down €76,555 (-6.9%), from €1.1m to €1.0m
- Reserves +€48,945
up €48,945 (+14.6%), from €336,033 to €384,978
of which Distributable reserves: +€54,456
- Gross operating margin +€4,912
up €4,912 (+2.6%), from €188,384 to €193,296
- Taxes +€3,945
up €3,945 (+22.1%), from €17,837 to €21,781
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 | €1,782,013 | €1,739,971 | -€42,043 | -2.4% |
| Fixed assets | 21/28 | €1,734,621 | €1,663,605 | -€71,016 | -4.1% |
| Tangible fixed assets | 22/27 | €1,734,621 | €1,663,605 | -€71,016 | -4.1% |
| Land and buildings | 22 | €1,724,553 | €1,656,888 | -€67,665 | -3.9% |
| Furniture and vehicles | 24 | €10,068 | €6,717 | -€3,351 | -33.3% |
| Current assets | 29/58 | €47,392 | €76,366 | +€28,974 | +61.1% |
| Amounts receivable within one year | 40/41 | €24,143 | €24,298 | +€155 | +0.6% |
| Trade receivables | 40 | €16,258 | €23,485 | +€7,227 | +44.5% |
| Other amounts receivable | 41 | €7,885 | €813 | -€7,072 | -89.7% |
| Cash at bank and in hand | 54/58 | €20,954 | €49,655 | +€28,701 | +137% |
| Deferred charges and accrued income | 490/1 | €2,295 | €2,413 | +€118 | +5.2% |
| Total equity and liabilities | 10/49 | €1,782,013 | €1,739,971 | -€42,043 | -2.4% |
| Equity | 10/15 | €524,033 | €572,978 | +€48,945 | +9.3% |
| Contributions | 10/11 | €188,000 | €188,000 | = | 0.0% |
| Capital | 10 | €188,000 | €188,000 | = | 0.0% |
| Issued capital | 100 | €188,000 | €188,000 | = | 0.0% |
| Reserves | 13 | €336,033 | €384,978 | +€48,945 | +14.6% |
| Non-distributable reserves | 130/1 | €18,800 | €18,800 | = | 0.0% |
| Legal reserve | 130 | €18,800 | €18,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,681 | €88,171 | -€5,511 | -5.9% |
| Distributable reserves | 133 | €223,552 | €278,007 | +€54,456 | +24.4% |
| Provisions and deferred taxes | 16 | €48,239 | €45,401 | -€2,838 | -5.9% |
| Deferred taxes | 168 | €48,239 | €45,401 | -€2,838 | -5.9% |
| Amounts payable | 17/49 | €1,209,741 | €1,121,591 | -€88,150 | -7.3% |
| Amounts payable after more than one year | 17 | €1,116,007 | €1,039,452 | -€76,555 | -6.9% |
| Financial debts | 170/4 | €1,116,007 | €1,039,452 | -€76,555 | -6.9% |
| Amounts payable within one year | 42/48 | €70,435 | €68,678 | -€1,757 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €30,683 | €31,555 | +€872 | +2.8% |
| Trade debts | 44 | €5,345 | €1,304 | -€4,041 | -75.6% |
| Suppliers | 440/4 | €5,345 | €1,304 | -€4,041 | -75.6% |
| Taxes, remuneration and social security | 45 | €20,899 | €28,570 | +€7,670 | +36.7% |
| Taxes | 450/3 | €20,899 | €28,570 | +€7,670 | +36.7% |
| Other amounts payable | 47/48 | €13,508 | €7,249 | -€6,258 | -46.3% |
| Accrued charges and deferred income | 492/3 | €23,299 | €13,461 | -€9,838 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,356 | €71,016 | +€660 | +0.9% |
| Other operating charges | 640/8 | €5,322 | €4,157 | -€1,164 | -21.9% |
| Gross operating margin | 9900 | €188,384 | €193,296 | +€4,912 | +2.6% |
| Operating profit (loss) | 9901 | €112,706 | €118,123 | +€5,417 | +4.8% |
| Financial income | 75/76B | €6 | €52 | +€47 | +796% |
| Recurring financial income | 75 | €6 | €52 | +€47 | +796% |
| Financial charges | 65/66B | €51,185 | €50,286 | -€899 | -1.8% |
| Recurring financial charges | 65 | €51,185 | €50,286 | -€899 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €61,527 | €67,889 | +€6,362 | +10.3% |
| Transfer from deferred taxes | 780 | €2,838 | €2,838 | = | 0.0% |
| Income taxes | 67/77 | €17,837 | €21,781 | +€3,945 | +22.1% |
| Profit (loss) for the period | 9904 | €46,528 | €48,945 | +€2,417 | +5.2% |
| Transfer from tax-exempt reserves | 789 | €5,511 | €5,511 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,039 | €54,456 | +€2,417 | +4.6% |
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 16 October 2026 via checked.be.