DEVECRO: 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.
What changed
DEVECRO
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€102,944
2024 · -€107,608+€4,664
Equity
€1.2m
2024 · €1.3m-€102,944
Cash
€14,166
2024 · €4,094+€10,072
Balance sheet total
€2.6m
2024 · €2.7m-€117,300
Largest movements
Assets
- Tangible fixed assets -€132,153
down €132,153 (-5.0%), from €2.7m to €2.5m
Equity and liabilities
- Profit (loss) carried forward -€100,566
down €100,566, from €9,997 to -€90,569
- Debts after one year -€41,700
down €41,700 (-3.4%), from €1.2m to €1.2m
of which Financial debts: -€50,500
- Trade debts +€39,520
up €39,520 (+3329.8%), from €1,187 to €40,707
Income statement
- Write-downs -€75,471
down €75,471, from €43,733 to -€31,738
- Other operating charges +€38,290
up €38,290 (+191.6%), from €19,979 to €58,269
- Gross operating margin -€23,219
down €23,219 (-26.9%), from €86,192 to €62,973
- Depreciation +€9,675
up €9,675 (+7.4%), from €131,079 to €140,754
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.
Result 2024
-€107,608
Gross operating margin
-€23,219
Depreciation
-€9,675
Write-downs
+€75,471
Other operating charges
-€38,290
Financial income
+€93
Financial charges
+€283
Result 2025
-€102,944
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.
From operations
+€60,373
Investment
-€8,601
Financing
-€41,700
Cash 2024
€4,094
From operations (derived)
+€60,373
Net result for the year
-€102,944
Depreciation
+€140,754
Receivables within one year
+€2,933
Deferred charges and accrued income
-€7,713
Provisions
-€1,225
Trade debts
+€39,520
Accrued charges and deferred income
-€10,952
Investment (derived)
-€8,601
Investment in fixed assets (net)
-€8,601
Financing
-€41,700
Debts after one year
-€41,700
Cash 2025
€14,166
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,680,472 | €2,563,172 | -€117,300 | -4.4% |
| Fixed assets | 21/28 | €2,669,553 | €2,537,400 | -€132,153 | -5.0% |
| Tangible fixed assets | 22/27 | €2,669,353 | €2,537,200 | -€132,153 | -5.0% |
| Land and buildings | 22 | €2,669,353 | €2,537,200 | -€132,153 | -5.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €10,920 | €25,772 | +€14,852 | +136.0% |
| Amounts receivable within one year | 40/41 | €2,933 | €0 | -€2,933 | -100.0% |
| Trade receivables | 40 | €293 | €0 | -€293 | -100.0% |
| Other amounts receivable | 41 | €2,641 | €0 | -€2,641 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,094 | €14,166 | +€10,072 | +246.0% |
| Deferred charges and accrued income | 490/1 | €3,893 | €11,606 | +€7,713 | +198.2% |
| Total equity and liabilities | 10/49 | €2,680,472 | €2,563,172 | -€117,300 | -4.4% |
| Equity | 10/15 | €1,331,401 | €1,228,457 | -€102,944 | -7.7% |
| Contributions | 10/11 | €777,000 | €777,000 | = | 0.0% |
| Capital | 10 | €777,000 | €777,000 | = | 0.0% |
| Issued capital | 100 | €777,000 | €777,000 | = | 0.0% |
| Reserves | 13 | €544,404 | €542,026 | -€2,378 | -0.4% |
| Non-distributable reserves | 130/1 | €68,700 | €68,700 | = | 0.0% |
| Legal reserve | 130 | €68,700 | €68,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,023 | €10,645 | -€2,378 | -18.3% |
| Distributable reserves | 133 | €462,681 | €462,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,997 | -€90,569 | -€100,566 | |
| Provisions and deferred taxes | 16 | €6,706 | €5,481 | -€1,225 | -18.3% |
| Deferred taxes | 168 | €6,706 | €5,481 | -€1,225 | -18.3% |
| Amounts payable | 17/49 | €1,342,365 | €1,329,234 | -€13,132 | -1.0% |
| Amounts payable after more than one year | 17 | €1,227,354 | €1,185,654 | -€41,700 | -3.4% |
| Financial debts | 170/4 | €1,161,888 | €1,111,388 | -€50,500 | -4.3% |
| Other amounts payable | 178/9 | €65,466 | €74,266 | +€8,800 | +13.4% |
| Amounts payable within one year | 42/48 | €104,060 | €143,580 | +€39,520 | +38.0% |
| Trade debts | 44 | €1,187 | €40,707 | +€39,520 | +3329.8% |
| Suppliers | 440/4 | €1,187 | €40,707 | +€39,520 | +3329.8% |
| Other amounts payable | 47/48 | €102,873 | €102,873 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,952 | €0 | -€10,952 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,079 | €140,754 | +€9,675 | +7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,733 | -€31,738 | -€75,471 | |
| Other operating charges | 640/8 | €19,979 | €58,269 | +€38,290 | +191.6% |
| Gross operating margin | 9900 | €86,192 | €62,973 | -€23,219 | -26.9% |
| Operating profit (loss) | 9901 | -€108,598 | -€104,311 | +€4,287 | +3.9% |
| Financial income | 75/76B | €79 | €172 | +€93 | +117.9% |
| Recurring financial income | 75 | €79 | €172 | +€93 | +117.9% |
| Financial charges | 65/66B | €313 | €30 | -€283 | -90.4% |
| Recurring financial charges | 65 | €313 | €30 | -€283 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | -€108,833 | -€104,169 | +€4,664 | +4.3% |
| Transfer from deferred taxes | 780 | €1,225 | €1,225 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€107,608 | -€102,944 | +€4,664 | +4.3% |
| Transfer from tax-exempt reserves | 789 | €2,378 | €2,378 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,230 | -€100,566 | +€4,664 | +4.4% |
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 9 October 2026 via checked.be.