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 -€94,018
down €94,018 (-93.7%), from €100,341 to €6,324
mainly Contributions, distributions and other (-€72,669) and Receivables within one year (-€14,185)
- Receivables within one year +€14,185
up €14,185 (+16.8%), from €84,377 to €98,562
of which Other amounts receivable: +€32,403
- Reserves -€72,669
down €72,669 (-46.2%), from €157,296 to €84,627
- Profit (loss) carried forward -€9,887
down €9,887 (-13.3%), from €74,335 to €64,448
- Financial charges -€40,601
down €40,601 (-99.1%), from €40,956 to €356
- Gross operating margin -€33,867
down €33,867 (-39.0%), from €86,883 to €53,016
- Financial income -€14,658
down €14,658 (-53.2%), from €27,562 to €12,904
of which Financial income: -€17,185
- Staff costs +€7,306
up €7,306 (+11.9%), from €61,512 to €68,818
- Depreciation -€2,289
down €2,289 (-29.1%), from €7,880 to €5,591
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 | €261,028 | €180,680 | -€80,348 | -30.8% |
| Fixed assets | 21/28 | €10,260 | €9,704 | -€556 | -5.4% |
| Tangible fixed assets | 22/27 | €10,235 | €9,679 | -€556 | -5.4% |
| Land and buildings | 22 | €2,198 | €1,095 | -€1,103 | -50.2% |
| Furniture and vehicles | 24 | €8,036 | €8,584 | +€547 | +6.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €250,769 | €170,977 | -€79,792 | -31.8% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Trade receivables | 290 | €65,000 | €65,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,377 | €98,562 | +€14,185 | +16.8% |
| Trade receivables | 40 | €43,628 | €25,410 | -€18,218 | -41.8% |
| Other amounts receivable | 41 | €40,749 | €73,152 | +€32,403 | +79.5% |
| Cash at bank and in hand | 54/58 | €100,341 | €6,324 | -€94,018 | -93.7% |
| Deferred charges and accrued income | 490/1 | €1,050 | €1,091 | +€41 | +3.9% |
| Total equity and liabilities | 10/49 | €261,028 | €180,680 | -€80,348 | -30.8% |
| Equity | 10/15 | €237,831 | €155,275 | -€82,556 | -34.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,296 | €84,627 | -€72,669 | -46.2% |
| Distributable reserves | 133 | €157,296 | €84,627 | -€72,669 | -46.2% |
| Profit (loss) carried forward | 14 | €74,335 | €64,448 | -€9,887 | -13.3% |
| Amounts payable | 17/49 | €23,197 | €25,405 | +€2,208 | +9.5% |
| Amounts payable within one year | 42/48 | €23,197 | €25,405 | +€2,208 | +9.5% |
| Trade debts | 44 | €6,313 | €6,619 | +€307 | +4.9% |
| Suppliers | 440/4 | €6,313 | €6,619 | +€307 | +4.9% |
| Taxes, remuneration and social security | 45 | €16,885 | €18,786 | +€1,901 | +11.3% |
| Taxes | 450/3 | €8,501 | €10,102 | +€1,601 | +18.8% |
| Remuneration and social security | 454/9 | €8,384 | €8,684 | +€300 | +3.6% |
| Non-recurring operating income | 76A | €412 | €1,816 | +€1,404 | +341.0% |
| Remuneration, social security and pensions | 62 | €61,512 | €68,818 | +€7,306 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,880 | €5,591 | -€2,289 | -29.1% |
| Other operating charges | 640/8 | €60 | €62 | +€2 | +3.2% |
| Gross operating margin | 9900 | €86,883 | €53,016 | -€33,867 | -39.0% |
| Operating profit (loss) | 9901 | €17,430 | -€21,456 | -€38,886 | |
| Financial income | 75/76B | €27,562 | €12,904 | -€14,658 | -53.2% |
| Recurring financial income | 75 | €22,810 | €5,625 | -€17,185 | -75.3% |
| Non-recurring financial income | 76B | €4,751 | €7,279 | +€2,528 | +53.2% |
| Financial charges | 65/66B | €40,956 | €356 | -€40,601 | -99.1% |
| Recurring financial charges | 65 | €40,956 | €356 | -€40,601 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €4,035 | -€8,908 | -€12,943 | |
| Income taxes | 67/77 | €2,757 | €979 | -€1,778 | -64.5% |
| Profit (loss) for the period | 9904 | €1,278 | -€9,887 | -€11,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,278 | -€9,887 | -€11,165 |
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 4 October 2026 via checked.be.