DEVEL & cie: 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.
DEVEL & cie
Largest movements
- Tangible fixed assets -€46,343
down €46,343 (-13.0%), from €356,771 to €310,428
- Intangible fixed assets -€25,850
down €25,850 (-18.2%), from €142,175 to €116,325
- Receivables within one year -€8,470
down €8,470 (-51.9%), from €16,331 to €7,861
of which Other amounts receivable: -€8,309
- Deferred charges and accrued income -€7,601
down €7,601 (-17.5%), from €43,534 to €35,933
- Cash +€5,969
up €5,969 (+31.0%), from €19,276 to €25,245
mainly Depreciation (+€79,716) and Debts after one year (+€18,343)
- Short-term financial debts -€56,639
no longer reported in 2025 (was €56,639)
- Debts after one year +€18,343
up €18,343 (+62.5%), from €29,348 to €47,691
- Profit (loss) carried forward -€14,237
down €14,237 (-30.9%), from €46,101 to €31,865
- Trade debts -€9,859
down €9,859 (-24.1%), from €40,906 to €31,048
- Other debts -€8,573
down €8,573 (-10.7%), from €80,257 to €71,684
- Gross operating margin +€15,999
up €15,999 (+10.9%), from €146,600 to €162,599
- Depreciation +€8,282
up €8,282 (+11.6%), from €71,434 to €79,716
- Taxes +€3,576
up €3,576 (+46.6%), from €7,677 to €11,253
- Staff costs -€2,656
down €2,656 (-3.5%), from €74,974 to €72,318
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 | €578,586 | €496,291 | -€82,295 | -14.2% |
| Fixed assets | 21/28 | €499,445 | €427,252 | -€72,193 | -14.5% |
| Intangible fixed assets | 21 | €142,175 | €116,325 | -€25,850 | -18.2% |
| Tangible fixed assets | 22/27 | €356,771 | €310,428 | -€46,343 | -13.0% |
| Land and buildings | 22 | €205,353 | €182,799 | -€22,554 | -11.0% |
| Plant, machinery and equipment | 23 | €42,812 | €41,655 | -€1,157 | -2.7% |
| Furniture and vehicles | 24 | €108,606 | €85,974 | -€22,632 | -20.8% |
| Financial fixed assets | 28 | €499 | €499 | = | 0.0% |
| Current assets | 29/58 | €79,141 | €69,039 | -€10,102 | -12.8% |
| Amounts receivable within one year | 40/41 | €16,331 | €7,861 | -€8,470 | -51.9% |
| Trade receivables | 40 | €6,464 | €6,303 | -€161 | -2.5% |
| Other amounts receivable | 41 | €9,867 | €1,558 | -€8,309 | -84.2% |
| Cash at bank and in hand | 54/58 | €19,276 | €25,245 | +€5,969 | +31.0% |
| Deferred charges and accrued income | 490/1 | €43,534 | €35,933 | -€7,601 | -17.5% |
| Total equity and liabilities | 10/49 | €578,586 | €496,291 | -€82,295 | -14.2% |
| Equity | 10/15 | €327,963 | €313,727 | -€14,237 | -4.3% |
| Contributions | 10/11 | €6,218 | €6,218 | = | 0.0% |
| Reserves | 13 | €275,644 | €275,644 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,250 | €36,250 | = | 0.0% |
| Distributable reserves | 133 | €239,394 | €239,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,101 | €31,865 | -€14,237 | -30.9% |
| Amounts payable | 17/49 | €250,622 | €182,565 | -€68,058 | -27.2% |
| Amounts payable after more than one year | 17 | €29,348 | €47,691 | +€18,343 | +62.5% |
| Financial debts | 170/4 | €29,348 | €47,691 | +€18,343 | +62.5% |
| Amounts payable within one year | 42/48 | €221,274 | €134,873 | -€86,401 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €25,646 | €21,657 | -€3,989 | -15.6% |
| Financial debts | 43 | €56,639 | - | -€56,639 | |
| Credit institutions | 430/8 | €56,639 | - | -€56,639 | |
| Trade debts | 44 | €40,906 | €31,048 | -€9,859 | -24.1% |
| Suppliers | 440/4 | €40,906 | €31,048 | -€9,859 | -24.1% |
| Advances received on contracts in progress | 46 | €7,494 | €7,494 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,332 | €2,990 | -€7,342 | -71.1% |
| Taxes | 450/3 | €1,891 | €2,990 | +€1,099 | +58.1% |
| Remuneration and social security | 454/9 | €8,441 | - | -€8,441 | |
| Other amounts payable | 47/48 | €80,257 | €71,684 | -€8,573 | -10.7% |
| Remuneration, social security and pensions | 62 | €74,974 | €72,318 | -€2,656 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,434 | €79,716 | +€8,282 | +11.6% |
| Other operating charges | 640/8 | €7,118 | €5,720 | -€1,398 | -19.6% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | €146,600 | €162,599 | +€15,999 | +10.9% |
| Operating profit (loss) | 9901 | -€6,926 | €4,445 | +€11,371 | |
| Financial income | 75/76B | €156 | €222 | +€66 | +42.5% |
| Recurring financial income | 75 | €156 | €222 | +€66 | +42.5% |
| Financial charges | 65/66B | €8,662 | €7,652 | -€1,011 | -11.7% |
| Recurring financial charges | 65 | €8,662 | €7,652 | -€1,011 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,432 | -€2,984 | +€12,448 | +80.7% |
| Income taxes | 67/77 | €7,677 | €11,253 | +€3,576 | +46.6% |
| Profit (loss) for the period | 9904 | -€23,110 | -€14,237 | +€8,873 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,110 | -€14,237 | +€8,873 | +38.4% |
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 30 October 2026 via checked.be.