DeVaTerra: 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.
DeVaTerra
Largest movements
- Tangible fixed assets -€40,418
down €40,418 (-16.8%), from €240,024 to €199,606
of which Plant, machinery and equipment: -€58,710
- Stocks and contracts +€26,112
up €26,112 (+73.5%), from €35,529 to €61,642
of which Contracts in progress: +€25,469
- Cash -€23,250
down €23,250 (-47.2%), from €49,288 to €26,038
mainly Debts after one year (-€50,573) and Investment in fixed assets (net) (-€30,186)
- Receivables within one year -€19,911
down €19,911 (-23.4%), from €85,037 to €65,126
of which Trade receivables: -€22,872
- Debts after one year -€50,573
down €50,573 (-22.3%), from €226,766 to €176,193
of which Financial debts: -€33,794
- Current portion of long-term debt -€29,764
down €29,764 (-21.2%), from €140,470 to €110,705
- Profit (loss) carried forward +€29,762
up €29,762 (+41.5%), from -€71,659 to -€41,897
- Trade debts +€10,428
up €10,428 (+134.9%), from €7,731 to €18,159
- Accrued charges and deferred income -€8,694
down €8,694 (-80.6%), from €10,787 to €2,093
- Gross operating margin -€58,857
down €58,857 (-20.1%), from €292,834 to €233,977
- Depreciation -€44,717
down €44,717 (-38.9%), from €114,941 to €70,225
- Staff costs -€36,693
down €36,693 (-22.1%), from €166,368 to €129,675
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 | €414,114 | €360,286 | -€53,828 | -13.0% |
| Fixed assets | 21/28 | €242,448 | €202,410 | -€40,038 | -16.5% |
| Tangible fixed assets | 22/27 | €240,024 | €199,606 | -€40,418 | -16.8% |
| Plant, machinery and equipment | 23 | €154,518 | €95,809 | -€58,710 | -38.0% |
| Furniture and vehicles | 24 | - | €24,636 | +€24,636 | |
| Other tangible fixed assets | 26 | €85,506 | €79,161 | -€6,345 | -7.4% |
| Financial fixed assets | 28 | €2,424 | €2,804 | +€380 | +15.7% |
| Current assets | 29/58 | €171,666 | €157,875 | -€13,790 | -8.0% |
| Stocks and contracts in progress | 3 | €35,529 | €61,642 | +€26,112 | +73.5% |
| Stocks | 30/36 | €5,849 | €6,493 | +€644 | +11.0% |
| Contracts in progress | 37 | €29,681 | €55,149 | +€25,469 | +85.8% |
| Amounts receivable within one year | 40/41 | €85,037 | €65,126 | -€19,911 | -23.4% |
| Trade receivables | 40 | €76,493 | €53,621 | -€22,872 | -29.9% |
| Other amounts receivable | 41 | €8,545 | €11,505 | +€2,960 | +34.6% |
| Cash at bank and in hand | 54/58 | €49,288 | €26,038 | -€23,250 | -47.2% |
| Deferred charges and accrued income | 490/1 | €1,811 | €5,070 | +€3,259 | +179.9% |
| Total equity and liabilities | 10/49 | €414,114 | €360,286 | -€53,828 | -13.0% |
| Equity | 10/15 | €12,781 | €42,543 | +€29,762 | +232.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €64,440 | €64,440 | = | 0.0% |
| Distributable reserves | 133 | €64,440 | €64,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,659 | -€41,897 | +€29,762 | +41.5% |
| Amounts payable | 17/49 | €401,333 | €317,743 | -€83,590 | -20.8% |
| Amounts payable after more than one year | 17 | €226,766 | €176,193 | -€50,573 | -22.3% |
| Financial debts | 170/4 | €33,794 | - | -€33,794 | |
| Other amounts payable | 178/9 | €192,972 | €176,193 | -€16,779 | -8.7% |
| Amounts payable within one year | 42/48 | €163,780 | €139,456 | -€24,324 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €140,470 | €110,705 | -€29,764 | -21.2% |
| Trade debts | 44 | €7,731 | €18,159 | +€10,428 | +134.9% |
| Suppliers | 440/4 | €7,731 | €18,159 | +€10,428 | +134.9% |
| Taxes, remuneration and social security | 45 | €15,580 | €10,592 | -€4,988 | -32.0% |
| Taxes | 450/3 | €2,855 | €867 | -€1,988 | -69.6% |
| Remuneration and social security | 454/9 | €12,725 | €9,725 | -€3,000 | -23.6% |
| Accrued charges and deferred income | 492/3 | €10,787 | €2,093 | -€8,694 | -80.6% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €166,368 | €129,675 | -€36,693 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,941 | €70,225 | -€44,717 | -38.9% |
| Other operating charges | 640/8 | €2,539 | €1,772 | -€766 | -30.2% |
| Gross operating margin | 9900 | €292,834 | €233,977 | -€58,857 | -20.1% |
| Operating profit (loss) | 9901 | €8,986 | €32,306 | +€23,320 | +259.5% |
| Financial income | 75/76B | €18 | €50 | +€32 | +183.7% |
| Recurring financial income | 75 | €18 | €50 | +€32 | +183.7% |
| Financial charges | 65/66B | €4,859 | €2,594 | -€2,265 | -46.6% |
| Recurring financial charges | 65 | €4,859 | €2,594 | -€2,265 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €4,145 | €29,762 | +€25,617 | +618.0% |
| Profit (loss) for the period | 9904 | €4,145 | €29,762 | +€25,617 | +618.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,145 | €29,762 | +€25,617 | +618.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.