DEVARO: 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.
DEVARO
Largest movements
- Cash +€27,120
up €27,120 (+3266.9%), from €830 to €27,950
mainly Net result for the year (+€27,648) and Receivables within one year (+€2,914)
- Receivables within one year -€2,914
down €2,914 (-54.5%), from €5,350 to €2,437
of which Trade receivables: -€2,671
- Tangible fixed assets +€762
up €762 (+103.8%), from €734 to €1,497
of which Furniture and vehicles: +€1,277
- Profit (loss) carried forward +€15,209
no longer reported in 2025 (was -€15,209)
- Reserves +€11,606
up €11,606 (+107.9%), from €10,760 to €22,366
- Other debts -€4,960
down €4,960 (-85.6%), from €5,793 to €833
- Tax, wage and social debts +€1,660
new in 2025: €1,660
- Trade debts +€1,556
up €1,556 (+73.3%), from €2,123 to €3,679
- Gross operating margin +€47,247
up €47,247, from -€13,770 to €33,477
- Taxes +€2,994
up €2,994 (+952.9%), from €314 to €3,308
- Depreciation +€352
up €352 (+43.9%), from €801 to €1,153
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 | €10,134 | €35,150 | +€25,015 | +246.8% |
| Fixed assets | 21/28 | €759 | €1,521 | +€762 | +100.4% |
| Tangible fixed assets | 22/27 | €734 | €1,497 | +€762 | +103.8% |
| Plant, machinery and equipment | 23 | €734 | €220 | -€514 | -70.0% |
| Furniture and vehicles | 24 | - | €1,277 | +€1,277 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €9,375 | €33,628 | +€24,253 | +258.7% |
| Amounts receivable within one year | 40/41 | €5,350 | €2,437 | -€2,914 | -54.5% |
| Trade receivables | 40 | €2,805 | €134 | -€2,671 | -95.2% |
| Other amounts receivable | 41 | €2,545 | €2,303 | -€242 | -9.5% |
| Cash at bank and in hand | 54/58 | €830 | €27,950 | +€27,120 | +3266.9% |
| Deferred charges and accrued income | 490/1 | €3,195 | €3,242 | +€47 | +1.5% |
| Total equity and liabilities | 10/49 | €10,134 | €35,150 | +€25,015 | +246.8% |
| Equity | 10/15 | €1,750 | €28,566 | +€26,815 | +1532.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,760 | €22,366 | +€11,606 | +107.9% |
| Distributable reserves | 133 | €10,760 | €22,366 | +€11,606 | +107.9% |
| Profit (loss) carried forward | 14 | -€15,209 | - | +€15,209 | |
| Amounts payable | 17/49 | €8,384 | €6,584 | -€1,800 | -21.5% |
| Amounts payable within one year | 42/48 | €7,916 | €6,172 | -€1,744 | -22.0% |
| Trade debts | 44 | €2,123 | €3,679 | +€1,556 | +73.3% |
| Suppliers | 440/4 | €2,123 | €3,679 | +€1,556 | +73.3% |
| Taxes, remuneration and social security | 45 | - | €1,660 | +€1,660 | |
| Remuneration and social security | 454/9 | - | €1,660 | +€1,660 | |
| Other amounts payable | 47/48 | €5,793 | €833 | -€4,960 | -85.6% |
| Accrued charges and deferred income | 492/3 | €468 | €412 | -€56 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €801 | €1,153 | +€352 | +43.9% |
| Other operating charges | 640/8 | €1,560 | €1,293 | -€267 | -17.1% |
| Gross operating margin | 9900 | -€13,770 | €33,477 | +€47,247 | |
| Operating profit (loss) | 9901 | -€16,131 | €31,031 | +€47,162 | |
| Financial income | 75/76B | €7 | €8 | +€1 | +15.8% |
| Recurring financial income | 75 | €7 | €8 | +€1 | +15.8% |
| Financial charges | 65/66B | €261 | €83 | -€179 | -68.3% |
| Recurring financial charges | 65 | €261 | €83 | -€179 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,386 | €30,956 | +€47,342 | |
| Income taxes | 67/77 | €314 | €3,308 | +€2,994 | +952.9% |
| Profit (loss) for the period | 9904 | -€16,700 | €27,648 | +€44,348 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,700 | €27,648 | +€44,348 |
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 7 October 2026 via checked.be.