DEVEFISCO: 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.
DEVEFISCO
Largest movements
- Cash +€112,200
up €112,200 (+295%), from €38,097 to €150,297
mainly Receivables within one year (+€79,253) and Net result for the year (+€65,808)
- Receivables within one year -€79,253
down €79,253 (-66.6%), from €118,962 to €39,709
of which Trade receivables: -€79,425
- Receivables after one year -€62,167
down €62,167 (-40.1%), from €155,220 to €93,053
- Current investments +€50,000
new in 2025: €50,000
- Intangible fixed assets -€28,500
down €28,500 (-100%), from €28,500 to €0
- Reserves +€51,354
up €51,354 (+23.6%), from €217,563 to €268,917
of which Distributable reserves: +€51,354
- Trade debts -€28,498
down €28,498 (-58.4%), from €48,767 to €20,269
- Tax, wage and social debts -€16,947
down €16,947 (-35.6%), from €47,550 to €30,603
of which Remuneration and social security: -€11,800
- Staff costs -€31,086
down €31,086 (-50.6%), from €61,443 to €30,357
- Gross operating margin -€19,215
down €19,215 (-12.6%), from €152,862 to €133,647
- Depreciation -€5,641
down €5,641 (-37.6%), from €15,018 to €9,377
- Taxes +€4,418
up €4,418 (+19.6%), from €22,597 to €27,015
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.
Derived cash bridge
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 | €382,402 | €388,311 | +€5,910 | +1.5% |
| Fixed assets | 21/28 | €44,290 | €31,997 | -€12,293 | -27.8% |
| Intangible fixed assets | 21 | €28,500 | €0 | -€28,500 | -100% |
| Tangible fixed assets | 22/27 | €15,790 | €31,997 | +€16,207 | +103% |
| Land and buildings | 22 | €476 | €7,893 | +€7,416 | +1,557% |
| Plant, machinery and equipment | 23 | €3,124 | €2,747 | -€377 | -12.1% |
| Furniture and vehicles | 24 | €12,189 | €21,357 | +€9,168 | +75.2% |
| Current assets | 29/58 | €338,112 | €356,315 | +€18,203 | +5.4% |
| Amounts receivable after more than one year | 29 | €155,220 | €93,053 | -€62,167 | -40.1% |
| Other amounts receivable | 291 | €155,220 | €93,053 | -€62,167 | -40.1% |
| Amounts receivable within one year | 40/41 | €118,962 | €39,709 | -€79,253 | -66.6% |
| Trade receivables | 40 | €108,914 | €29,490 | -€79,425 | -72.9% |
| Other amounts receivable | 41 | €10,048 | €10,220 | +€172 | +1.7% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €38,097 | €150,297 | +€112,200 | +295% |
| Deferred charges and accrued income | 490/1 | €25,832 | €23,256 | -€2,577 | -10.0% |
| Total equity and liabilities | 10/49 | €382,402 | €388,311 | +€5,910 | +1.5% |
| Equity | 10/15 | €286,085 | €337,439 | +€51,354 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €217,563 | €268,917 | +€51,354 | +23.6% |
| Non-distributable reserves | 130/1 | €14,104 | €14,104 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,104 | €14,104 | = | 0.0% |
| Distributable reserves | 133 | €203,459 | €254,812 | +€51,354 | +25.2% |
| Profit (loss) carried forward | 14 | €49,922 | €49,922 | = | 0.0% |
| Amounts payable | 17/49 | €96,317 | €50,872 | -€45,444 | -47.2% |
| Amounts payable within one year | 42/48 | €96,317 | €50,872 | -€45,444 | -47.2% |
| Trade debts | 44 | €48,767 | €20,269 | -€28,498 | -58.4% |
| Suppliers | 440/4 | €48,767 | €20,269 | -€28,498 | -58.4% |
| Taxes, remuneration and social security | 45 | €47,550 | €30,603 | -€16,947 | -35.6% |
| Taxes | 450/3 | €35,750 | €30,603 | -€5,146 | -14.4% |
| Remuneration and social security | 454/9 | €11,800 | - | -€11,800 | |
| Remuneration, social security and pensions | 62 | €61,443 | €30,357 | -€31,086 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,018 | €9,377 | -€5,641 | -37.6% |
| Other operating charges | 640/8 | €1,064 | €941 | -€123 | -11.6% |
| Non-recurring operating charges | 66A | - | €3,500 | +€3,500 | |
| Gross operating margin | 9900 | €152,862 | €133,647 | -€19,215 | -12.6% |
| Operating profit (loss) | 9901 | €75,337 | €89,472 | +€14,136 | +18.8% |
| Financial income | 75/76B | €4,783 | €3,518 | -€1,265 | -26.5% |
| Recurring financial income | 75 | €4,783 | €3,518 | -€1,265 | -26.5% |
| Financial charges | 65/66B | €402 | €168 | -€234 | -58.3% |
| Recurring financial charges | 65 | €402 | €168 | -€234 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €79,718 | €92,823 | +€13,104 | +16.4% |
| Income taxes | 67/77 | €22,597 | €27,015 | +€4,418 | +19.6% |
| Profit (loss) for the period | 9904 | €57,121 | €65,808 | +€8,686 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,121 | €65,808 | +€8,686 | +15.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.