DevCap: what changed
Two financial 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.
DevCap
Largest movements
- Tangible fixed assets -€22,962
down €22,962 (-6.9%), from €333,249 to €310,287
of which Land and buildings: -€24,301
- Receivables within one year -€10,000
no longer reported in 2025 (was €10,000)
- Current portion of long-term debt -€99,538
down €99,538 (-87.9%), from €113,194 to €13,656
- Debts after one year +€91,081
up €91,081 (+62.0%), from €146,806 to €237,887
- Profit (loss) carried forward -€15,736
down €15,736 (-55.7%), from -€28,247 to -€43,983
- Trade debts -€9,934
down €9,934 (-91.0%), from €10,914 to €980
- Gross operating margin +€20,733
up €20,733, from -€1,329 to €19,404
- Depreciation +€8,285
up €8,285 (+46.8%), from €17,704 to €25,989
- Other operating charges -€356
down €356 (-12.3%), from €2,896 to €2,540
- Financial charges +€291
up €291 (+4.6%), from €6,320 to €6,611
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.
Derived cash bridge
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 | €346,381 | €313,254 | -€33,127 | -9.6% |
| Fixed assets | 21/28 | €333,249 | €310,287 | -€22,962 | -6.9% |
| Tangible fixed assets | 22/27 | €333,249 | €310,287 | -€22,962 | -6.9% |
| Land and buildings | 22 | €331,971 | €307,671 | -€24,301 | -7.3% |
| Furniture and vehicles | 24 | €1,278 | €2,617 | +€1,339 | +105% |
| Current assets | 29/58 | €13,131 | €2,966 | -€10,165 | -77.4% |
| Amounts receivable within one year | 40/41 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €3,131 | €2,966 | -€165 | -5.3% |
| Total equity and liabilities | 10/49 | €346,381 | €313,254 | -€33,127 | -9.6% |
| Equity | 10/15 | €71,753 | €56,017 | -€15,736 | -21.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,247 | -€43,983 | -€15,736 | -55.7% |
| Amounts payable | 17/49 | €274,628 | €257,237 | -€17,391 | -6.3% |
| Amounts payable after more than one year | 17 | €146,806 | €237,887 | +€91,081 | +62.0% |
| Financial debts | 170/4 | €146,806 | €237,887 | +€91,081 | +62.0% |
| Amounts payable within one year | 42/48 | €127,822 | €19,350 | -€108,472 | -84.9% |
| Current portion of amounts payable after more than one year | 42 | €113,194 | €13,656 | -€99,538 | -87.9% |
| Trade debts | 44 | €10,914 | €980 | -€9,934 | -91.0% |
| Suppliers | 440/4 | €10,914 | €980 | -€9,934 | -91.0% |
| Other amounts payable | 47/48 | €3,714 | €4,714 | +€1,000 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,704 | €25,989 | +€8,285 | +46.8% |
| Other operating charges | 640/8 | €2,896 | €2,540 | -€356 | -12.3% |
| Gross operating margin | 9900 | -€1,329 | €19,404 | +€20,733 | |
| Operating profit (loss) | 9901 | -€21,929 | -€9,125 | +€12,804 | +58.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €6,320 | €6,611 | +€291 | +4.6% |
| Recurring financial charges | 65 | €6,320 | €6,611 | +€291 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,247 | -€15,736 | +€12,511 | +44.3% |
| Profit (loss) for the period | 9904 | -€28,247 | -€15,736 | +€12,511 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,247 | -€15,736 | +€12,511 | +44.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.