DEVEBO: 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.
DEVEBO
Largest movements
- Cash -€280,143
down €280,143 (-37.1%), from €754,731 to €474,589
mainly Investment in fixed assets (net) (-€321,571) and Receivables within one year (-€191,279)
- Tangible fixed assets +€225,861
up €225,861 (+20.4%), from €1.1m to €1.3m
of which Furniture and vehicles: +€146,506
- Receivables within one year +€191,279
up €191,279 (+186.9%), from €102,335 to €293,614
of which Trade receivables: +€252,743
- Stocks and contracts +€78,297
new in 2025: €78,297
- Reserves +€100,899
up €100,899 (+5.5%), from €1.8m to €1.9m
of which Distributable reserves: +€115,899
- Current portion of long-term debt +€61,356
new in 2025: €61,356
- Debts after one year +€25,565
new in 2025: €25,565
- Trade debts +€24,786
up €24,786 (+71.2%), from €34,810 to €59,595
- Depreciation +€25,822
up €25,822 (+36.9%), from €69,888 to €95,710
- Taxes -€14,747
down €14,747 (-26.6%), from €55,470 to €40,723
- Staff costs +€7,552
up €7,552 (+4.7%), from €159,549 to €167,100
- Gross operating margin +€6,820
up €6,820 (+1.7%), from €411,395 to €418,215
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 | €1,964,903 | €2,180,198 | +€215,294 | +11.0% |
| Fixed assets | 21/28 | €1,107,837 | €1,333,698 | +€225,861 | +20.4% |
| Tangible fixed assets | 22/27 | €1,106,787 | €1,332,648 | +€225,861 | +20.4% |
| Land and buildings | 22 | €979,383 | €943,987 | -€35,396 | -3.6% |
| Plant, machinery and equipment | 23 | €34,090 | €148,840 | +€114,751 | +336.6% |
| Furniture and vehicles | 24 | €93,314 | €239,821 | +€146,506 | +157.0% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €857,066 | €846,500 | -€10,566 | -1.2% |
| Stocks and contracts in progress | 3 | - | €78,297 | +€78,297 | |
| Stocks | 30/36 | - | €78,297 | +€78,297 | |
| Amounts receivable within one year | 40/41 | €102,335 | €293,614 | +€191,279 | +186.9% |
| Trade receivables | 40 | €11,825 | €264,568 | +€252,743 | +2137.4% |
| Other amounts receivable | 41 | €90,510 | €29,046 | -€61,464 | -67.9% |
| Cash at bank and in hand | 54/58 | €754,731 | €474,589 | -€280,143 | -37.1% |
| Total equity and liabilities | 10/49 | €1,964,903 | €2,180,198 | +€215,294 | +11.0% |
| Equity | 10/15 | €1,865,918 | €1,966,817 | +€100,899 | +5.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,840,918 | €1,941,817 | +€100,899 | +5.5% |
| Tax-exempt reserves | 132 | €269,260 | €254,260 | -€15,000 | -5.6% |
| Distributable reserves | 133 | €1,571,658 | €1,687,557 | +€115,899 | +7.4% |
| Amounts payable | 17/49 | €98,985 | €213,381 | +€114,396 | +115.6% |
| Amounts payable after more than one year | 17 | - | €25,565 | +€25,565 | |
| Financial debts | 170/4 | - | €25,565 | +€25,565 | |
| Amounts payable within one year | 42/48 | €98,985 | €187,816 | +€88,830 | +89.7% |
| Current portion of amounts payable after more than one year | 42 | - | €61,356 | +€61,356 | |
| Trade debts | 44 | €34,810 | €59,595 | +€24,786 | +71.2% |
| Suppliers | 440/4 | €34,810 | €59,595 | +€24,786 | +71.2% |
| Taxes, remuneration and social security | 45 | €43,655 | €41,663 | -€1,992 | -4.6% |
| Taxes | 450/3 | €38,164 | €41,663 | +€3,498 | +9.2% |
| Remuneration and social security | 454/9 | €5,490 | - | -€5,490 | |
| Other amounts payable | 47/48 | €20,521 | €25,201 | +€4,680 | +22.8% |
| Remuneration, social security and pensions | 62 | €159,549 | €167,100 | +€7,552 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,888 | €95,710 | +€25,822 | +36.9% |
| Other operating charges | 640/8 | €15,296 | €15,630 | +€334 | +2.2% |
| Gross operating margin | 9900 | €411,395 | €418,215 | +€6,820 | +1.7% |
| Operating profit (loss) | 9901 | €166,662 | €139,775 | -€26,888 | -16.1% |
| Financial income | 75/76B | €2,964 | €3,068 | +€104 | +3.5% |
| Recurring financial income | 75 | €2,964 | €3,068 | +€104 | +3.5% |
| Financial charges | 65/66B | €511 | €1,221 | +€710 | +138.9% |
| Recurring financial charges | 65 | €511 | €1,221 | +€710 | +138.9% |
| Profit (loss) for the period before taxes | 9903 | €169,115 | €141,622 | -€27,493 | -16.3% |
| Income taxes | 67/77 | €55,470 | €40,723 | -€14,747 | -26.6% |
| Profit (loss) for the period | 9904 | €113,645 | €100,899 | -€12,746 | -11.2% |
| Transfer from tax-exempt reserves | 789 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €128,645 | €115,899 | -€12,746 | -9.9% |
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 11 October 2026 via checked.be.