DEVEBE: 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.
DEVEBE
Largest movements
- Receivables after one year -€22,399
down €22,399 (-11.1%), from €202,444 to €180,045
- Tangible fixed assets -€17,805
down €17,805 (-2.4%), from €727,262 to €709,457
- Debts after one year -€35,506
down €35,506 (-10.0%), from €356,840 to €321,334
- Profit (loss) carried forward -€12,528
down €12,528 (-25.5%), from -€49,040 to -€61,568
- Taxes -€4,993
down €4,993 (-100.0%), from €4,993 to €0
- Financial charges -€842
down €842 (-8.3%), from €10,166 to €9,324
- Gross operating margin -€648
down €648 (-5.3%), from €12,328 to €11,680
- Financial income -€476
down €476 (-7.3%), from €6,513 to €6,037
- Other operating charges +€301
up €301 (+10.7%), from €2,814 to €3,116
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 | €988,543 | €944,992 | -€43,551 | -4.4% |
| Fixed assets | 21/28 | €727,262 | €709,457 | -€17,805 | -2.4% |
| Tangible fixed assets | 22/27 | €727,262 | €709,457 | -€17,805 | -2.4% |
| Land and buildings | 22 | €727,262 | €709,457 | -€17,805 | -2.4% |
| Current assets | 29/58 | €261,281 | €235,535 | -€25,745 | -9.9% |
| Amounts receivable after more than one year | 29 | €202,444 | €180,045 | -€22,399 | -11.1% |
| Other amounts receivable | 291 | €202,444 | €180,045 | -€22,399 | -11.1% |
| Amounts receivable within one year | 40/41 | €54,747 | €48,460 | -€6,287 | -11.5% |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €54,747 | €47,250 | -€7,497 | -13.7% |
| Cash at bank and in hand | 54/58 | €4,089 | €7,031 | +€2,941 | +71.9% |
| Total equity and liabilities | 10/49 | €988,543 | €944,992 | -€43,551 | -4.4% |
| Equity | 10/15 | €594,840 | €582,312 | -€12,528 | -2.1% |
| 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% |
| Revaluation surpluses | 12 | €563,416 | €563,416 | = | 0.0% |
| Reserves | 13 | €18,465 | €18,465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,549 | €7,549 | = | 0.0% |
| Legal reserve | 130 | €7,549 | €7,549 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,915 | €10,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,040 | -€61,568 | -€12,528 | -25.5% |
| Amounts payable | 17/49 | €393,703 | €362,680 | -€31,022 | -7.9% |
| Amounts payable after more than one year | 17 | €356,840 | €321,334 | -€35,506 | -10.0% |
| Financial debts | 170/4 | €356,840 | €321,334 | -€35,506 | -10.0% |
| Amounts payable within one year | 42/48 | €36,863 | €37,092 | +€230 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €34,646 | €35,506 | +€860 | +2.5% |
| Trade debts | 44 | €2,216 | €970 | -€1,246 | -56.2% |
| Suppliers | 440/4 | €2,216 | €970 | -€1,246 | -56.2% |
| Taxes, remuneration and social security | 45 | €1 | €617 | +€616 | +48871.4% |
| Taxes | 450/3 | €1 | €617 | +€616 | +48871.4% |
| Accrued charges and deferred income | 492/3 | - | €4,254 | +€4,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,805 | €17,805 | = | 0.0% |
| Other operating charges | 640/8 | €2,814 | €3,116 | +€301 | +10.7% |
| Gross operating margin | 9900 | €12,328 | €11,680 | -€648 | -5.3% |
| Operating profit (loss) | 9901 | -€8,292 | -€9,242 | -€950 | -11.5% |
| Financial income | 75/76B | €6,513 | €6,037 | -€476 | -7.3% |
| Recurring financial income | 75 | €6,513 | €6,037 | -€476 | -7.3% |
| Financial charges | 65/66B | €10,166 | €9,324 | -€842 | -8.3% |
| Recurring financial charges | 65 | €10,166 | €9,324 | -€842 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,944 | -€12,528 | -€584 | -4.9% |
| Income taxes | 67/77 | €4,993 | €0 | -€4,993 | -100.0% |
| Profit (loss) for the period | 9904 | -€16,937 | -€12,528 | +€4,409 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,937 | -€12,528 | +€4,409 | +26.0% |
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 8 October 2026 via checked.be.