Devator: what changed
What changed
Devator
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€13,330
2024 · €17,547-€4,217
Equity
€519,817
2024 · €512,602+€7,215
Cash
€38,771
2024 · €28,742+€10,028
Balance sheet total
€587,325
2024 · €577,838+€9,487
Largest movements
Assets
- Cash +€10,028
up €10,028 (+34.9%), from €28,742 to €38,771
mainly Net result for the year (+€13,330) and Other debts (+€7,443)
Equity and liabilities
- Other debts +€7,443
up €7,443 (+13.6%), from €54,778 to €62,221
- Reserves +€7,215
up €7,215 (+1.7%), from €427,691 to €434,906
of which Distributable reserves: +€7,215
Income statement
- Financial charges +€4,195
up €4,195 (+17,480%), from €24 to €4,219
- Other operating charges +€393
up €393 (+3.1%), from €12,799 to €13,192
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€17,547
Gross operating margin
+€204
Depreciation
+€0
Other operating charges
-€393
Financial income
-€0
Financial charges
-€4,195
Taxes
+€167
Result 2025
€13,330
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€16,143
Investment
€0
Financing
-€6,115
Cash 2024
€28,742
From operations (derived)
+€16,143
Net result for the year
+€13,330
Depreciation
+€829
Receivables within one year
-€279
Smaller working-capital items
-€40
Tax, wage and social debts
-€5,140
Other debts
+€7,443
Financing
-€6,115
Contributions, distributions and other
-€6,115
Cash 2025
€38,771
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €577,838 | €587,325 | +€9,487 | +1.6% |
| Fixed assets | 21/28 | €413,881 | €413,052 | -€829 | -0.2% |
| Tangible fixed assets | 22/27 | €169,706 | €168,877 | -€829 | -0.5% |
| Land and buildings | 22 | €169,706 | €168,877 | -€829 | -0.5% |
| Financial fixed assets | 28 | €244,175 | €244,175 | = | 0.0% |
| Current assets | 29/58 | €163,957 | €174,273 | +€10,316 | +6.3% |
| Amounts receivable within one year | 40/41 | €134,546 | €134,825 | +€279 | +0.2% |
| Other amounts receivable | 41 | €134,546 | €134,825 | +€279 | +0.2% |
| Cash at bank and in hand | 54/58 | €28,742 | €38,771 | +€10,028 | +34.9% |
| Deferred charges and accrued income | 490/1 | €669 | €678 | +€9 | +1.4% |
| Total equity and liabilities | 10/49 | €577,838 | €587,325 | +€9,487 | +1.6% |
| Equity | 10/15 | €512,602 | €519,817 | +€7,215 | +1.4% |
| Contributions | 10/11 | €84,911 | €84,911 | = | 0.0% |
| Capital | 10 | €84,911 | €84,911 | = | 0.0% |
| Issued capital | 100 | €84,911 | €84,911 | = | 0.0% |
| Reserves | 13 | €427,691 | €434,906 | +€7,215 | +1.7% |
| Non-distributable reserves | 130/1 | €8,491 | €8,491 | = | 0.0% |
| Legal reserve | 130 | €8,491 | €8,491 | = | 0.0% |
| Distributable reserves | 133 | €419,200 | €426,415 | +€7,215 | +1.7% |
| Amounts payable | 17/49 | €65,236 | €67,508 | +€2,272 | +3.5% |
| Amounts payable within one year | 42/48 | €63,056 | €65,359 | +€2,303 | +3.7% |
| Taxes, remuneration and social security | 45 | €8,277 | €3,137 | -€5,140 | -62.1% |
| Taxes | 450/3 | €8,277 | €3,137 | -€5,140 | -62.1% |
| Other amounts payable | 47/48 | €54,778 | €62,221 | +€7,443 | +13.6% |
| Accrued charges and deferred income | 492/3 | €2,180 | €2,150 | -€31 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €829 | -€0 | 0.0% |
| Other operating charges | 640/8 | €12,799 | €13,192 | +€393 | +3.1% |
| Gross operating margin | 9900 | €37,587 | €37,791 | +€204 | +0.5% |
| Operating profit (loss) | 9901 | €23,958 | €23,770 | -€188 | -0.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €24 | €4,219 | +€4,195 | +17,480% |
| Recurring financial charges | 65 | €24 | €4,219 | +€4,195 | +17,480% |
| Profit (loss) for the period before taxes | 9903 | €23,934 | €19,551 | -€4,384 | -18.3% |
| Income taxes | 67/77 | €6,387 | €6,221 | -€167 | -2.6% |
| Profit (loss) for the period | 9904 | €17,547 | €13,330 | -€4,217 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,547 | €13,330 | -€4,217 | -24.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.