DEVEL HOLDING: 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 HOLDING
Largest movements
- Receivables within one year -€10,583
down €10,583 (-46.8%), from €22,613 to €12,029
of which Other amounts receivable: -€10,583
- Debts after one year -€50,938
down €50,938 (-12.2%), from €416,700 to €365,762
- Reserves +€49,112
up €49,112 (+128%), from €38,438 to €87,550
- Short-term financial debts -€6,130
down €6,130 (-69.4%), from €8,830 to €2,699
- Gross operating margin +€12,581
up €12,581 (+16.8%), from €75,085 to €87,665
- Taxes +€3,947
up €3,947 (+27.1%), from €14,548 to €18,496
- Financial charges -€1,927
down €1,927 (-9.1%), from €21,142 to €19,215
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 | €585,271 | €575,073 | -€10,198 | -1.7% |
| Formation expenses | 20 | €1,114 | €759 | -€355 | -31.9% |
| Fixed assets | 21/28 | €550,000 | €550,000 | = | 0.0% |
| Financial fixed assets | 28 | €550,000 | €550,000 | = | 0.0% |
| Current assets | 29/58 | €34,157 | €24,315 | -€9,843 | -28.8% |
| Amounts receivable within one year | 40/41 | €22,613 | €12,029 | -€10,583 | -46.8% |
| Trade receivables | 40 | €11,250 | €11,250 | = | 0.0% |
| Other amounts receivable | 41 | €11,363 | €779 | -€10,583 | -93.1% |
| Cash at bank and in hand | 54/58 | €11,533 | €12,274 | +€741 | +6.4% |
| Deferred charges and accrued income | 490/1 | €11 | €11 | -€0 | -1.2% |
| Total equity and liabilities | 10/49 | €585,271 | €575,073 | -€10,198 | -1.7% |
| Equity | 10/15 | €85,682 | €134,794 | +€49,112 | +57.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,438 | €87,550 | +€49,112 | +128% |
| Distributable reserves | 133 | €38,438 | €87,550 | +€49,112 | +128% |
| Profit (loss) carried forward | 14 | €42,244 | €42,244 | = | 0.0% |
| Amounts payable | 17/49 | €499,590 | €440,279 | -€59,310 | -11.9% |
| Amounts payable after more than one year | 17 | €416,700 | €365,762 | -€50,938 | -12.2% |
| Financial debts | 170/4 | €416,700 | €365,762 | -€50,938 | -12.2% |
| Amounts payable within one year | 42/48 | €81,199 | €73,003 | -€8,196 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €52,837 | €55,088 | +€2,251 | +4.3% |
| Financial debts | 43 | €8,830 | €2,699 | -€6,130 | -69.4% |
| Credit institutions | 430/8 | €8,830 | €2,699 | -€6,130 | -69.4% |
| Trade debts | 44 | €97 | - | -€97 | |
| Suppliers | 440/4 | €97 | - | -€97 | |
| Taxes, remuneration and social security | 45 | €18,784 | €14,244 | -€4,540 | -24.2% |
| Taxes | 450/3 | €18,784 | €14,244 | -€4,540 | -24.2% |
| Other amounts payable | 47/48 | €652 | €972 | +€320 | +49.0% |
| Accrued charges and deferred income | 492/3 | €1,690 | €1,515 | -€175 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | €355 | = | 0.0% |
| Other operating charges | 640/8 | €602 | €487 | -€114 | -19.0% |
| Gross operating margin | 9900 | €75,085 | €87,665 | +€12,581 | +16.8% |
| Operating profit (loss) | 9901 | €74,128 | €86,823 | +€12,695 | +17.1% |
| Financial charges | 65/66B | €21,142 | €19,215 | -€1,927 | -9.1% |
| Recurring financial charges | 65 | €21,142 | €19,215 | -€1,927 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €52,986 | €67,608 | +€14,622 | +27.6% |
| Income taxes | 67/77 | €14,548 | €18,496 | +€3,947 | +27.1% |
| Profit (loss) for the period | 9904 | €38,438 | €49,112 | +€10,674 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,438 | €49,112 | +€10,674 | +27.8% |
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 18 October 2026 via checked.be.