DEVCON: 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.
DEVCON
Largest movements
- Tangible fixed assets -€24,258
down €24,258 (-14.3%), from €169,106 to €144,848
- Receivables within one year +€3,649
up €3,649 (+20.2%), from €18,070 to €21,719
of which Trade receivables: +€1,868
- Cash +€2,283
up €2,283 (+50.3%), from €4,542 to €6,825
mainly Depreciation (+€25,658) and Tax, wage and social debts (+€3,601)
- Debts after one year -€16,625
down €16,625 (-20.9%), from €79,459 to €62,835
- Current portion of long-term debt -€4,684
down €4,684 (-22.0%), from €21,309 to €16,625
- Tax, wage and social debts +€3,601
up €3,601 (+22.6%), from €15,923 to €19,524
- Gross operating margin -€27,581
down €27,581 (-43.5%), from €63,430 to €35,850
- Taxes -€6,574
down €6,574 (-77.3%), from €8,507 to €1,933
- Depreciation +€3,193
up €3,193 (+14.2%), from €22,465 to €25,658
- Financial charges +€723
up €723 (+21.3%), from €3,394 to €4,117
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 | €195,417 | €178,026 | -€17,391 | -8.9% |
| Fixed assets | 21/28 | €169,151 | €144,893 | -€24,258 | -14.3% |
| Tangible fixed assets | 22/27 | €169,106 | €144,848 | -€24,258 | -14.3% |
| Land and buildings | 22 | €114,978 | €104,525 | -€10,453 | -9.1% |
| Plant, machinery and equipment | 23 | €5,365 | €4,598 | -€767 | -14.3% |
| Furniture and vehicles | 24 | €34,048 | €23,595 | -€10,453 | -30.7% |
| Other tangible fixed assets | 26 | €14,715 | €12,130 | -€2,586 | -17.6% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €26,266 | €33,133 | +€6,867 | +26.1% |
| Amounts receivable within one year | 40/41 | €18,070 | €21,719 | +€3,649 | +20.2% |
| Trade receivables | 40 | €10,630 | €12,497 | +€1,868 | +17.6% |
| Other amounts receivable | 41 | €7,440 | €9,222 | +€1,782 | +23.9% |
| Cash at bank and in hand | 54/58 | €4,542 | €6,825 | +€2,283 | +50.3% |
| Deferred charges and accrued income | 490/1 | €3,654 | €4,588 | +€935 | +25.6% |
| Total equity and liabilities | 10/49 | €195,417 | €178,026 | -€17,391 | -8.9% |
| Equity | 10/15 | €75,144 | €76,724 | +€1,579 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,544 | €58,124 | +€1,579 | +2.8% |
| Distributable reserves | 133 | €56,544 | €58,124 | +€1,579 | +2.8% |
| Amounts payable | 17/49 | €120,272 | €101,302 | -€18,970 | -15.8% |
| Amounts payable after more than one year | 17 | €79,459 | €62,835 | -€16,625 | -20.9% |
| Financial debts | 170/4 | €79,459 | €62,835 | -€16,625 | -20.9% |
| Amounts payable within one year | 42/48 | €40,813 | €38,467 | -€2,346 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €21,309 | €16,625 | -€4,684 | -22.0% |
| Trade debts | 44 | €3,582 | €2,319 | -€1,263 | -35.3% |
| Suppliers | 440/4 | €3,582 | €2,319 | -€1,263 | -35.3% |
| Taxes, remuneration and social security | 45 | €15,923 | €19,524 | +€3,601 | +22.6% |
| Taxes | 450/3 | €15,923 | €19,524 | +€3,601 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,465 | €25,658 | +€3,193 | +14.2% |
| Other operating charges | 640/8 | €3,180 | €2,986 | -€194 | -6.1% |
| Gross operating margin | 9900 | €63,430 | €35,850 | -€27,581 | -43.5% |
| Operating profit (loss) | 9901 | €37,785 | €7,207 | -€30,579 | -80.9% |
| Financial income | 75/76B | €195 | €423 | +€227 | +117% |
| Recurring financial income | 75 | €195 | €423 | +€227 | +117% |
| Financial charges | 65/66B | €3,394 | €4,117 | +€723 | +21.3% |
| Recurring financial charges | 65 | €3,394 | €4,117 | +€723 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €34,586 | €3,513 | -€31,074 | -89.8% |
| Income taxes | 67/77 | €8,507 | €1,933 | -€6,574 | -77.3% |
| Profit (loss) for the period | 9904 | €26,079 | €1,579 | -€24,500 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,079 | €1,579 | -€24,500 | -93.9% |
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 24 October 2026 via checked.be.