DeVeC: 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.
DeVeC
Largest movements
- Receivables within one year +€101,413
up €101,413 (+387.2%), from €26,190 to €127,604
of which Other amounts receivable: +€106,140
- Cash -€7,849
down €7,849 (-35.8%), from €21,951 to €14,102
mainly Receivables within one year (-€101,413) and Other debts (-€15,000)
- Tangible fixed assets +€5,716
up €5,716 (+51.2%), from €11,165 to €16,881
of which Plant, machinery and equipment: +€6,268
- Current investments +€5,234
up €5,234 (+5.6%), from €94,063 to €99,297
- Profit (loss) carried forward +€92,423
up €92,423 (+77.9%), from €118,588 to €211,011
- Tax, wage and social debts +€15,905
up €15,905 (+85.3%), from €18,640 to €34,544
of which Taxes: +€13,780
- Other debts -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Trade debts +€11,201
up €11,201 (+8773.4%), from €128 to €11,329
- Gross operating margin +€74,720
up €74,720 (+144.5%), from €51,702 to €126,422
- Taxes +€12,175
up €12,175 (+74.2%), from €16,415 to €28,591
- Financial income +€1,915
up €1,915 (+98.7%), from €1,941 to €3,855
- Financial charges +€1,817
up €1,817 (+69.9%), from €2,600 to €4,417
- Depreciation +€1,271
up €1,271 (+63.1%), from €2,014 to €3,284
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 | €153,369 | €257,884 | +€104,515 | +68.1% |
| Fixed assets | 21/28 | €11,165 | €16,881 | +€5,716 | +51.2% |
| Tangible fixed assets | 22/27 | €11,165 | €16,881 | +€5,716 | +51.2% |
| Plant, machinery and equipment | 23 | €7,624 | €13,892 | +€6,268 | +82.2% |
| Furniture and vehicles | 24 | €3,541 | €2,989 | -€552 | -15.6% |
| Current assets | 29/58 | €142,204 | €241,003 | +€98,799 | +69.5% |
| Amounts receivable within one year | 40/41 | €26,190 | €127,604 | +€101,413 | +387.2% |
| Trade receivables | 40 | €12,959 | €8,233 | -€4,727 | -36.5% |
| Other amounts receivable | 41 | €13,231 | €119,371 | +€106,140 | +802.2% |
| Current investments | 50/53 | €94,063 | €99,297 | +€5,234 | +5.6% |
| Cash at bank and in hand | 54/58 | €21,951 | €14,102 | -€7,849 | -35.8% |
| Total equity and liabilities | 10/49 | €153,369 | €257,884 | +€104,515 | +68.1% |
| Equity | 10/15 | €119,588 | €212,011 | +€92,423 | +77.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,588 | €211,011 | +€92,423 | +77.9% |
| Amounts payable | 17/49 | €33,781 | €45,873 | +€12,092 | +35.8% |
| Amounts payable within one year | 42/48 | €33,781 | €45,873 | +€12,092 | +35.8% |
| Financial debts | 43 | €14 | €0 | -€14 | -100.0% |
| Credit institutions | 430/8 | €14 | €0 | -€14 | -100.0% |
| Trade debts | 44 | €128 | €11,329 | +€11,201 | +8773.4% |
| Suppliers | 440/4 | €128 | €11,329 | +€11,201 | +8773.4% |
| Taxes, remuneration and social security | 45 | €18,640 | €34,544 | +€15,905 | +85.3% |
| Taxes | 450/3 | €18,640 | €32,419 | +€13,780 | +73.9% |
| Remuneration and social security | 454/9 | - | €2,125 | +€2,125 | |
| Other amounts payable | 47/48 | €15,000 | €0 | -€15,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,014 | €3,284 | +€1,271 | +63.1% |
| Other operating charges | 640/8 | €931 | €1,563 | +€631 | +67.8% |
| Gross operating margin | 9900 | €51,702 | €126,422 | +€74,720 | +144.5% |
| Operating profit (loss) | 9901 | €48,757 | €121,575 | +€72,818 | +149.3% |
| Financial income | 75/76B | €1,941 | €3,855 | +€1,915 | +98.7% |
| Recurring financial income | 75 | €1,941 | €3,855 | +€1,915 | +98.7% |
| Financial charges | 65/66B | €2,600 | €4,417 | +€1,817 | +69.9% |
| Recurring financial charges | 65 | €2,600 | €4,417 | +€1,817 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | €48,098 | €121,013 | +€72,916 | +151.6% |
| Income taxes | 67/77 | €16,415 | €28,591 | +€12,175 | +74.2% |
| Profit (loss) for the period | 9904 | €31,682 | €92,423 | +€60,741 | +191.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,682 | €92,423 | +€60,741 | +191.7% |
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 3 October 2026 via checked.be.