DEVAXO: 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.
DEVAXO
Largest movements
- Receivables within one year +€247,528
up €247,528 (+77.7%), from €318,767 to €566,294
of which Trade receivables: +€245,778
- Tangible fixed assets -€91,442
down €91,442 (-22.1%), from €413,261 to €321,819
of which Furniture and vehicles: -€62,796
- Profit (loss) carried forward +€133,296
up €133,296 (+27.3%), from €488,755 to €622,050
- Tax, wage and social debts +€17,502
up €17,502 (+67.6%), from €25,891 to €43,393
of which Taxes: +€17,162
- Other debts +€13,089
up €13,089 (+28.8%), from €45,457 to €58,546
- Trade debts -€9,972
down €9,972 (-39.1%), from €25,509 to €15,537
- Gross operating margin +€73,535
up €73,535 (+26.2%), from €280,478 to €354,013
- Staff costs -€26,288
down €26,288 (-25.9%), from €101,364 to €75,076
- Taxes +€21,830
up €21,830 (+68.9%), from €31,684 to €53,514
- Depreciation +€16,023
up €16,023 (+21.2%), from €75,419 to €91,442
- Other operating charges -€4,120
down €4,120 (-88.8%), from €4,639 to €520
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 | €789,819 | €943,734 | +€153,915 | +19.5% |
| Fixed assets | 21/28 | €421,971 | €330,529 | -€91,442 | -21.7% |
| Tangible fixed assets | 22/27 | €413,261 | €321,819 | -€91,442 | -22.1% |
| Plant, machinery and equipment | 23 | €11,361 | €6,078 | -€5,283 | -46.5% |
| Furniture and vehicles | 24 | €229,173 | €166,378 | -€62,796 | -27.4% |
| Other tangible fixed assets | 26 | €172,726 | €149,363 | -€23,363 | -13.5% |
| Financial fixed assets | 28 | €8,710 | €8,710 | = | 0.0% |
| Current assets | 29/58 | €367,849 | €613,205 | +€245,357 | +66.7% |
| Amounts receivable within one year | 40/41 | €318,767 | €566,294 | +€247,528 | +77.7% |
| Trade receivables | 40 | €318,767 | €564,545 | +€245,778 | +77.1% |
| Other amounts receivable | 41 | - | €1,750 | +€1,750 | |
| Cash at bank and in hand | 54/58 | €41,467 | €42,467 | +€1,001 | +2.4% |
| Deferred charges and accrued income | 490/1 | €7,615 | €4,443 | -€3,172 | -41.6% |
| Total equity and liabilities | 10/49 | €789,819 | €943,734 | +€153,915 | +19.5% |
| Equity | 10/15 | €509,160 | €642,455 | +€133,296 | +26.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €488,755 | €622,050 | +€133,296 | +27.3% |
| Provisions and deferred taxes | 16 | €183,802 | €183,802 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €183,802 | €183,802 | = | 0.0% |
| Pensions and similar obligations | 160 | €183,802 | €183,802 | = | 0.0% |
| Amounts payable | 17/49 | €96,857 | €117,476 | +€20,619 | +21.3% |
| Amounts payable within one year | 42/48 | €96,857 | €117,476 | +€20,619 | +21.3% |
| Trade debts | 44 | €25,509 | €15,537 | -€9,972 | -39.1% |
| Suppliers | 440/4 | €25,509 | €15,537 | -€9,972 | -39.1% |
| Taxes, remuneration and social security | 45 | €25,891 | €43,393 | +€17,502 | +67.6% |
| Taxes | 450/3 | €16,353 | €33,514 | +€17,162 | +104.9% |
| Remuneration and social security | 454/9 | €9,539 | €9,878 | +€340 | +3.6% |
| Other amounts payable | 47/48 | €45,457 | €58,546 | +€13,089 | +28.8% |
| Remuneration, social security and pensions | 62 | €101,364 | €75,076 | -€26,288 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,419 | €91,442 | +€16,023 | +21.2% |
| Other operating charges | 640/8 | €4,639 | €520 | -€4,120 | -88.8% |
| Gross operating margin | 9900 | €280,478 | €354,013 | +€73,535 | +26.2% |
| Operating profit (loss) | 9901 | €99,056 | €186,975 | +€87,919 | +88.8% |
| Financial income | 75/76B | €0 | €827 | +€827 | +918500.0% |
| Recurring financial income | 75 | €0 | €827 | +€827 | +918500.0% |
| Financial charges | 65/66B | €651 | €992 | +€341 | +52.4% |
| Recurring financial charges | 65 | €651 | €992 | +€341 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €98,405 | €186,810 | +€88,405 | +89.8% |
| Income taxes | 67/77 | €31,684 | €53,514 | +€21,830 | +68.9% |
| Profit (loss) for the period | 9904 | €66,721 | €133,296 | +€66,574 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,721 | €133,296 | +€66,574 | +99.8% |
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 5 October 2026 via checked.be.