DeVe - Pack: 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.
DeVe - Pack
Largest movements
- Tangible fixed assets -€407,598
down €407,598 (-23.1%), from €1.8m to €1.4m
of which Plant, machinery and equipment: -€427,160
- Receivables within one year +€222,721
up €222,721 (+28.9%), from €769,856 to €992,577
of which Trade receivables: +€285,367
- Cash -€82,319
down €82,319 (-6.9%), from €1.2m to €1.1m
mainly Contributions, distributions and other (-€1.4m) and Investment in fixed assets (net) (-€281,271)
- Stocks and contracts +€66,300
up €66,300 (+45.3%), from €146,430 to €212,730
- Reserves -€311,920
down €311,920 (-6.7%), from €4.7m to €4.4m
of which Tax-exempt reserves: -€294,700
- Trade debts +€215,370
up €215,370 (+335.2%), from €64,255 to €279,625
- Accrued charges and deferred income -€56,789
no longer reported in 2025 (was €56,789)
- Depreciation +€560,439
up €560,439 (+424.6%), from €131,999 to €692,438
- Gross operating margin +€523,322
up €523,322 (+24.4%), from €2.1m to €2.7m
- Staff costs +€119,558
up €119,558 (+13.9%), from €858,399 to €977,957
- Financial income +€77,916
up €77,916 (+260.5%), from €29,911 to €107,827
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 | €4,984,827 | €4,793,122 | -€191,705 | -3.8% |
| Fixed assets | 21/28 | €1,773,133 | €1,361,965 | -€411,168 | -23.2% |
| Intangible fixed assets | 21 | €5,719 | €2,150 | -€3,569 | -62.4% |
| Tangible fixed assets | 22/27 | €1,765,164 | €1,357,565 | -€407,598 | -23.1% |
| Land and buildings | 22 | €432,243 | €374,284 | -€57,959 | -13.4% |
| Plant, machinery and equipment | 23 | €1,332,921 | €905,761 | -€427,160 | -32.0% |
| Furniture and vehicles | 24 | - | €77,520 | +€77,520 | |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €3,211,694 | €3,431,157 | +€219,463 | +6.8% |
| Stocks and contracts in progress | 3 | €146,430 | €212,730 | +€66,300 | +45.3% |
| Stocks | 30/36 | €146,430 | €212,730 | +€66,300 | +45.3% |
| Amounts receivable within one year | 40/41 | €769,856 | €992,577 | +€222,721 | +28.9% |
| Trade receivables | 40 | €650,321 | €935,689 | +€285,367 | +43.9% |
| Other amounts receivable | 41 | €119,535 | €56,888 | -€62,646 | -52.4% |
| Current investments | 50/53 | €1,106,903 | €1,119,664 | +€12,761 | +1.2% |
| Cash at bank and in hand | 54/58 | €1,184,760 | €1,102,441 | -€82,319 | -6.9% |
| Deferred charges and accrued income | 490/1 | €3,745 | €3,745 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,984,827 | €4,793,122 | -€191,705 | -3.8% |
| Equity | 10/15 | €4,729,429 | €4,417,508 | -€311,920 | -6.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,665,699 | €4,353,778 | -€311,920 | -6.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €842,000 | €547,300 | -€294,700 | -35.0% |
| Distributable reserves | 133 | €3,817,499 | €3,800,278 | -€17,220 | -0.5% |
| Investment grants | 15 | €1,730 | €1,730 | = | 0.0% |
| Provisions and deferred taxes | 16 | €891 | €891 | = | 0.0% |
| Deferred taxes | 168 | €891 | €891 | = | 0.0% |
| Amounts payable | 17/49 | €254,507 | €374,722 | +€120,216 | +47.2% |
| Amounts payable within one year | 42/48 | €197,718 | €374,722 | +€177,004 | +89.5% |
| Trade debts | 44 | €64,255 | €279,625 | +€215,370 | +335.2% |
| Suppliers | 440/4 | €64,255 | €279,625 | +€215,370 | +335.2% |
| Taxes, remuneration and social security | 45 | €133,463 | €95,098 | -€38,366 | -28.7% |
| Taxes | 450/3 | €68,001 | €13,922 | -€54,079 | -79.5% |
| Remuneration and social security | 454/9 | €65,463 | €81,175 | +€15,713 | +24.0% |
| Accrued charges and deferred income | 492/3 | €56,789 | - | -€56,789 | |
| Non-recurring operating income | 76A | €480,042 | - | -€480,042 | |
| Remuneration, social security and pensions | 62 | €858,399 | €977,957 | +€119,558 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,999 | €692,438 | +€560,439 | +424.6% |
| Other operating charges | 640/8 | €15,758 | €15,275 | -€483 | -3.1% |
| Non-recurring operating charges | 66A | €25,462 | €30,000 | +€4,538 | +17.8% |
| Gross operating margin | 9900 | €2,143,734 | €2,667,056 | +€523,322 | +24.4% |
| Operating profit (loss) | 9901 | €1,112,116 | €951,386 | -€160,730 | -14.5% |
| Financial income | 75/76B | €29,911 | €107,827 | +€77,916 | +260.5% |
| Recurring financial income | 75 | €29,911 | €107,827 | +€77,916 | +260.5% |
| Financial charges | 65/66B | €5,565 | €4,478 | -€1,087 | -19.5% |
| Recurring financial charges | 65 | €5,565 | €4,478 | -€1,087 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €1,136,462 | €1,054,735 | -€81,727 | -7.2% |
| Transfer from deferred taxes | 780 | - | €294,700 | +€294,700 | |
| Income taxes | 67/77 | €281,836 | €259,752 | -€22,084 | -7.8% |
| Profit (loss) for the period | 9904 | €854,626 | €1,089,683 | +€235,057 | +27.5% |
| Transfer to tax-exempt reserves | 689 | €421,000 | - | -€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €433,626 | €1,089,683 | +€656,057 | +151.3% |
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 11 October 2026 via checked.be.