DEVECO: 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.
DEVECO
Largest movements
- Tangible fixed assets -€7,803
down €7,803 (-3.4%), from €227,407 to €219,604
of which Land and buildings: -€7,224
- Debts after one year -€20,110
down €20,110 (-22.3%), from €90,328 to €70,218
- Reserves +€12,575
up €12,575 (+19.7%), from €63,743 to €76,318
- Other debts +€4,404
up €4,404 (+6.3%), from €69,993 to €74,398
- Tax, wage and social debts -€2,841
down €2,841 (-61.0%), from €4,657 to €1,815
- Financial charges -€1,459
down €1,459 (-11.2%), from €13,083 to €11,624
- Gross operating margin -€807
down €807 (-1.7%), from €46,951 to €46,144
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 | €266,709 | €261,969 | -€4,740 | -1.8% |
| Fixed assets | 21/28 | €227,407 | €219,604 | -€7,803 | -3.4% |
| Tangible fixed assets | 22/27 | €227,407 | €219,604 | -€7,803 | -3.4% |
| Land and buildings | 22 | €226,249 | €219,025 | -€7,224 | -3.2% |
| Plant, machinery and equipment | 23 | €1,159 | €579 | -€579 | -50.0% |
| Current assets | 29/58 | €39,302 | €42,365 | +€3,063 | +7.8% |
| Cash at bank and in hand | 54/58 | €39,220 | €41,576 | +€2,356 | +6.0% |
| Deferred charges and accrued income | 490/1 | €81 | €788 | +€707 | +869.0% |
| Total equity and liabilities | 10/49 | €266,709 | €261,969 | -€4,740 | -1.8% |
| Equity | 10/15 | €82,743 | €95,318 | +€12,575 | +15.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €63,743 | €76,318 | +€12,575 | +19.7% |
| Distributable reserves | 133 | €63,743 | €76,318 | +€12,575 | +19.7% |
| Amounts payable | 17/49 | €183,966 | €166,651 | -€17,315 | -9.4% |
| Amounts payable after more than one year | 17 | €90,328 | €70,218 | -€20,110 | -22.3% |
| Financial debts | 170/4 | €90,328 | €70,218 | -€20,110 | -22.3% |
| Amounts payable within one year | 42/48 | €93,638 | €96,434 | +€2,795 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €18,934 | €20,110 | +€1,176 | +6.2% |
| Trade debts | 44 | €55 | €110 | +€56 | +102.1% |
| Suppliers | 440/4 | €55 | €110 | +€56 | +102.1% |
| Taxes, remuneration and social security | 45 | €4,657 | €1,815 | -€2,841 | -61.0% |
| Taxes | 450/3 | €4,657 | €1,815 | -€2,841 | -61.0% |
| Other amounts payable | 47/48 | €69,993 | €74,398 | +€4,404 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,803 | €7,803 | -€0 | 0.0% |
| Other operating charges | 640/8 | €7,681 | €7,802 | +€121 | +1.6% |
| Gross operating margin | 9900 | €46,951 | €46,144 | -€807 | -1.7% |
| Operating profit (loss) | 9901 | €31,466 | €30,539 | -€927 | -2.9% |
| Financial charges | 65/66B | €13,083 | €11,624 | -€1,459 | -11.2% |
| Recurring financial charges | 65 | €13,083 | €11,624 | -€1,459 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €18,383 | €18,915 | +€532 | +2.9% |
| Income taxes | 67/77 | €6,156 | €6,340 | +€183 | +3.0% |
| Profit (loss) for the period | 9904 | €12,227 | €12,575 | +€348 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,227 | €12,575 | +€348 | +2.8% |
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.