DEVECOR: 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.
DEVECOR
Largest movements
- Current investments +€62,000
up €62,000 (+108.8%), from €57,000 to €119,000
- Tangible fixed assets -€15,905
down €15,905 (-37.3%), from €42,615 to €26,710
of which Furniture and vehicles: -€15,905
- Cash -€15,398
down €15,398 (-10.0%), from €153,492 to €138,094
mainly Current investments (-€62,000) and Other debts (-€28,141)
- Reserves +€59,828
up €59,828 (+21.0%), from €284,361 to €344,189
of which Distributable reserves: +€59,828
- Other debts -€28,141
down €28,141 (-90.0%), from €31,260 to €3,120
- Current portion of long-term debt -€11,902
down €11,902 (-100.0%), from €11,902 to €0
- Short-term financial debts +€6,821
up €6,821, from €0 to €6,821
- Gross operating margin +€13,921
up €13,921 (+16.7%), from €83,342 to €97,263
- Financial income +€2,660
up €2,660 (+1081.5%), from €246 to €2,906
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €369,614 | €397,179 | +€27,565 | +7.5% |
| Fixed assets | 21/28 | €134,464 | €118,559 | -€15,905 | -11.8% |
| Tangible fixed assets | 22/27 | €42,615 | €26,710 | -€15,905 | -37.3% |
| Furniture and vehicles | 24 | €42,615 | €26,710 | -€15,905 | -37.3% |
| Other tangible fixed assets | 26 | €0 | €0 | -€0 | -100.0% |
| Financial fixed assets | 28 | €91,850 | €91,850 | = | 0.0% |
| Current assets | 29/58 | €235,150 | €278,620 | +€43,470 | +18.5% |
| Amounts receivable within one year | 40/41 | €22,993 | €19,817 | -€3,177 | -13.8% |
| Trade receivables | 40 | €17,043 | €19,724 | +€2,681 | +15.7% |
| Other amounts receivable | 41 | €5,950 | €93 | -€5,858 | -98.4% |
| Current investments | 50/53 | €57,000 | €119,000 | +€62,000 | +108.8% |
| Cash at bank and in hand | 54/58 | €153,492 | €138,094 | -€15,398 | -10.0% |
| Deferred charges and accrued income | 490/1 | €1,665 | €1,709 | +€45 | +2.7% |
| Total equity and liabilities | 10/49 | €369,614 | €397,179 | +€27,565 | +7.5% |
| Equity | 10/15 | €302,961 | €362,789 | +€59,828 | +19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,361 | €344,189 | +€59,828 | +21.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €284,361 | €344,189 | +€59,828 | +21.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €66,653 | €34,390 | -€32,263 | -48.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €66,353 | €34,090 | -€32,263 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €11,902 | €0 | -€11,902 | -100.0% |
| Financial debts | 43 | €0 | €6,821 | +€6,821 | |
| Credit institutions | 430/8 | €0 | €6,821 | +€6,821 | |
| Trade debts | 44 | €7,596 | €7,887 | +€291 | +3.8% |
| Suppliers | 440/4 | €7,596 | €7,887 | +€291 | +3.8% |
| Taxes, remuneration and social security | 45 | €15,595 | €16,263 | +€668 | +4.3% |
| Taxes | 450/3 | €15,595 | €16,263 | +€668 | +4.3% |
| Other amounts payable | 47/48 | €31,260 | €3,120 | -€28,141 | -90.0% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,107 | €15,905 | +€799 | +5.3% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €83,342 | €97,263 | +€13,921 | +16.7% |
| Operating profit (loss) | 9901 | €67,851 | €80,970 | +€13,119 | +19.3% |
| Financial income | 75/76B | €246 | €2,906 | +€2,660 | +1081.5% |
| Recurring financial income | 75 | €246 | €2,906 | +€2,660 | +1081.5% |
| Financial charges | 65/66B | €502 | €769 | +€268 | +53.4% |
| Recurring financial charges | 65 | €502 | €769 | +€268 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €67,596 | €83,107 | +€15,512 | +22.9% |
| Income taxes | 67/77 | €22,733 | €23,279 | +€547 | +2.4% |
| Profit (loss) for the period | 9904 | €44,863 | €59,828 | +€14,965 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,863 | €59,828 | +€14,965 | +33.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.