DEVCORE BELGIUM: 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.
DEVCORE BELGIUM
Largest movements
- Cash -€151,455
down €151,455 (-85.9%), from €176,312 to €24,857
mainly Other debts (-€82,386) and Contributions, distributions and other (-€80,168)
- Receivables within one year -€10,087
down €10,087 (-25.0%), from €40,347 to €30,261
of which Trade receivables: -€17,389
- Deferred charges and accrued income -€2,621
no longer reported in 2025 (was €2,621)
- Other debts -€82,386
down €82,386 (-90.2%), from €91,320 to €8,935
- Profit (loss) carried forward -€67,607
down €67,607 (-58.5%), from €115,554 to €47,948
- Tax, wage and social debts -€10,821
down €10,821 (-61.3%), from €17,661 to €6,840
of which Taxes: -€12,788
- Trade debts -€2,807
down €2,807 (-40.5%), from €6,936 to €4,129
- Gross operating margin -€61,542
down €61,542 (-55.8%), from €110,192 to €48,650
- Taxes -€12,668
down €12,668 (-63.7%), from €19,880 to €7,212
- Staff costs +€6,918
up €6,918 (+39.6%), from €17,478 to €24,396
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 | €235,351 | €70,851 | -€164,499 | -69.9% |
| Fixed assets | 21/28 | €16,071 | €15,733 | -€337 | -2.1% |
| Tangible fixed assets | 22/27 | €7,311 | €6,973 | -€337 | -4.6% |
| Plant, machinery and equipment | 23 | €247 | €37 | -€209 | -84.9% |
| Furniture and vehicles | 24 | €7,064 | €6,936 | -€128 | -1.8% |
| Financial fixed assets | 28 | €8,760 | €8,760 | = | 0.0% |
| Current assets | 29/58 | €219,280 | €55,118 | -€164,162 | -74.9% |
| Amounts receivable within one year | 40/41 | €40,347 | €30,261 | -€10,087 | -25.0% |
| Trade receivables | 40 | €38,544 | €21,155 | -€17,389 | -45.1% |
| Other amounts receivable | 41 | €1,804 | €9,106 | +€7,302 | +404.8% |
| Cash at bank and in hand | 54/58 | €176,312 | €24,857 | -€151,455 | -85.9% |
| Deferred charges and accrued income | 490/1 | €2,621 | - | -€2,621 | |
| Total equity and liabilities | 10/49 | €235,351 | €70,851 | -€164,499 | -69.9% |
| Equity | 10/15 | €118,554 | €50,948 | -€67,607 | -57.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,554 | €47,948 | -€67,607 | -58.5% |
| Amounts payable | 17/49 | €116,796 | €19,904 | -€96,893 | -83.0% |
| Amounts payable within one year | 42/48 | €115,918 | €19,904 | -€96,014 | -82.8% |
| Trade debts | 44 | €6,936 | €4,129 | -€2,807 | -40.5% |
| Suppliers | 440/4 | €6,936 | €4,129 | -€2,807 | -40.5% |
| Taxes, remuneration and social security | 45 | €17,661 | €6,840 | -€10,821 | -61.3% |
| Taxes | 450/3 | €15,000 | €2,212 | -€12,788 | -85.3% |
| Remuneration and social security | 454/9 | €2,661 | €4,628 | +€1,967 | +73.9% |
| Other amounts payable | 47/48 | €91,320 | €8,935 | -€82,386 | -90.2% |
| Accrued charges and deferred income | 492/3 | €879 | - | -€879 | |
| Remuneration, social security and pensions | 62 | €17,478 | €24,396 | +€6,918 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,608 | €2,962 | +€354 | +13.6% |
| Other operating charges | 640/8 | €654 | €1,338 | +€684 | +104.7% |
| Gross operating margin | 9900 | €110,192 | €48,650 | -€61,542 | -55.8% |
| Operating profit (loss) | 9901 | €89,452 | €19,953 | -€69,499 | -77.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €195 | €180 | -€15 | -7.6% |
| Recurring financial charges | 65 | €195 | €180 | -€15 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €89,257 | €19,773 | -€69,483 | -77.8% |
| Income taxes | 67/77 | €19,880 | €7,212 | -€12,668 | -63.7% |
| Profit (loss) for the period | 9904 | €69,377 | €12,562 | -€56,815 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,377 | €12,562 | -€56,815 | -81.9% |
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 3 October 2026 via checked.be.