DeVeKo: 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.
DeVeKo
Largest movements
- Receivables within one year +€8,827
up €8,827 (+1966.4%), from €449 to €9,276
- Tangible fixed assets -€628
down €628 (-20.2%), from €3,117 to €2,489
- Deferred charges and accrued income +€170
up €170 (+11.6%), from €1,474 to €1,644
- Trade debts +€2,780
up €2,780 (+45.4%), from €6,124 to €8,903
- Tax, wage and social debts +€2,665
up €2,665 (+101.0%), from €2,637 to €5,302
- Profit (loss) carried forward +€2,457
up €2,457 (+4.1%), from -€59,376 to -€56,920
- Other debts +€676
up €676 (+1.8%), from €36,605 to €37,280
- Short-term financial debts -€211
down €211 (-6.6%), from €3,206 to €2,996
- Gross operating margin +€19,292
up €19,292, from -€13,500 to €5,792
- Other operating charges +€333
up €333 (+30.7%), from €1,086 to €1,419
- Financial charges +€239
up €239 (+40.5%), from €590 to €829
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,039 | €13,409 | +€8,369 | +166.1% |
| Fixed assets | 21/28 | €3,117 | €2,489 | -€628 | -20.2% |
| Tangible fixed assets | 22/27 | €3,117 | €2,489 | -€628 | -20.2% |
| Plant, machinery and equipment | 23 | €3,117 | €2,489 | -€628 | -20.2% |
| Current assets | 29/58 | €1,923 | €10,920 | +€8,997 | +468.0% |
| Amounts receivable within one year | 40/41 | €449 | €9,276 | +€8,827 | +1966.4% |
| Trade receivables | 40 | €449 | €9,276 | +€8,827 | +1966.4% |
| Deferred charges and accrued income | 490/1 | €1,474 | €1,644 | +€170 | +11.6% |
| Total equity and liabilities | 10/49 | €5,039 | €13,409 | +€8,369 | +166.1% |
| Equity | 10/15 | -€43,977 | -€41,520 | +€2,457 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,199 | €9,199 | = | 0.0% |
| Distributable reserves | 133 | €9,199 | €9,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,376 | -€56,920 | +€2,457 | +4.1% |
| Amounts payable | 17/49 | €49,017 | €54,929 | +€5,912 | +12.1% |
| Amounts payable within one year | 42/48 | €48,572 | €54,481 | +€5,909 | +12.2% |
| Financial debts | 43 | €3,206 | €2,996 | -€211 | -6.6% |
| Credit institutions | 430/8 | €3,206 | €2,996 | -€211 | -6.6% |
| Trade debts | 44 | €6,124 | €8,903 | +€2,780 | +45.4% |
| Suppliers | 440/4 | €6,124 | €8,903 | +€2,780 | +45.4% |
| Taxes, remuneration and social security | 45 | €2,637 | €5,302 | +€2,665 | +101.0% |
| Taxes | 450/3 | €2,637 | €5,302 | +€2,665 | +101.0% |
| Other amounts payable | 47/48 | €36,605 | €37,280 | +€676 | +1.8% |
| Accrued charges and deferred income | 492/3 | €445 | €448 | +€3 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €628 | €628 | = | 0.0% |
| Other operating charges | 640/8 | €1,086 | €1,419 | +€333 | +30.7% |
| Gross operating margin | 9900 | -€13,500 | €5,792 | +€19,292 | |
| Operating profit (loss) | 9901 | -€15,214 | €3,745 | +€18,959 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €590 | €829 | +€239 | +40.5% |
| Recurring financial charges | 65 | €590 | €829 | +€239 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,804 | €2,916 | +€18,720 | |
| Income taxes | 67/77 | €456 | €459 | +€3 | +0.6% |
| Profit (loss) for the period | 9904 | -€16,260 | €2,457 | +€18,717 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,260 | €2,457 | +€18,717 |
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.