DEVELOPACK: 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.
DEVELOPACK
Largest movements
- Cash -€33,353
down €33,353 (-81.7%), from €40,810 to €7,457
mainly Investment in fixed assets (net) (-€42,449) and Other debts (-€13,915)
- Tangible fixed assets +€30,691
up €30,691 (+34.6%), from €88,799 to €119,491
of which Other tangible fixed assets: +€74,244
- Receivables within one year -€8,104
down €8,104 (-54.7%), from €14,828 to €6,724
of which Other amounts receivable: -€6,704
- Deferred charges and accrued income +€5,495
up €5,495 (+1934.8%), from €284 to €5,779
- Other debts -€13,915
down €13,915 (-24.7%), from €56,222 to €42,308
- Trade debts -€11,182
down €11,182 (-94.2%), from €11,867 to €685
- Debts after one year +€7,750
up €7,750 (+28.5%), from €27,185 to €34,935
- Current portion of long-term debt +€7,651
up €7,651 (+60.7%), from €12,599 to €20,250
- Reserves +€3,958
up €3,958 (+20.3%), from €19,517 to €23,475
- Gross operating margin -€27,001
down €27,001 (-50.9%), from €53,076 to €26,075
- Taxes -€9,379
down €9,379 (-84.6%), from €11,093 to €1,713
- Depreciation +€3,650
up €3,650 (+42.7%), from €8,544 to €12,193
- Other operating charges +€1,028
up €1,028 (+33.5%), from €3,064 to €4,092
- Financial charges -€630
down €630 (-14.6%), from €4,310 to €3,680
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
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 | €146,070 | €140,363 | -€5,706 | -3.9% |
| Fixed assets | 21/28 | €90,148 | €120,403 | +€30,256 | +33.6% |
| Intangible fixed assets | 21 | €728 | €293 | -€435 | -59.8% |
| Tangible fixed assets | 22/27 | €88,799 | €119,491 | +€30,691 | +34.6% |
| Land and buildings | 22 | €75,996 | - | -€75,996 | |
| Plant, machinery and equipment | 23 | €11,700 | €9,701 | -€1,999 | -17.1% |
| Furniture and vehicles | 24 | €1,103 | €35,546 | +€34,443 | +3121.8% |
| Other tangible fixed assets | 26 | - | €74,244 | +€74,244 | |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €55,922 | €19,960 | -€35,962 | -64.3% |
| Amounts receivable within one year | 40/41 | €14,828 | €6,724 | -€8,104 | -54.7% |
| Trade receivables | 40 | €6,259 | €4,860 | -€1,399 | -22.4% |
| Other amounts receivable | 41 | €8,569 | €1,864 | -€6,704 | -78.2% |
| Cash at bank and in hand | 54/58 | €40,810 | €7,457 | -€33,353 | -81.7% |
| Deferred charges and accrued income | 490/1 | €284 | €5,779 | +€5,495 | +1934.8% |
| Total equity and liabilities | 10/49 | €146,070 | €140,363 | -€5,706 | -3.9% |
| Equity | 10/15 | €38,117 | €42,075 | +€3,958 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,517 | €23,475 | +€3,958 | +20.3% |
| Distributable reserves | 133 | €19,517 | €23,475 | +€3,958 | +20.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €107,953 | €98,289 | -€9,664 | -9.0% |
| Amounts payable after more than one year | 17 | €27,185 | €34,935 | +€7,750 | +28.5% |
| Financial debts | 170/4 | €27,185 | €34,935 | +€7,750 | +28.5% |
| Amounts payable within one year | 42/48 | €80,768 | €63,354 | -€17,414 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €12,599 | €20,250 | +€7,651 | +60.7% |
| Financial debts | 43 | €80 | - | -€80 | |
| Other loans | 439 | €80 | - | -€80 | |
| Trade debts | 44 | €11,867 | €685 | -€11,182 | -94.2% |
| Suppliers | 440/4 | €11,867 | €685 | -€11,182 | -94.2% |
| Taxes, remuneration and social security | 45 | €0 | €112 | +€112 | |
| Taxes | 450/3 | €0 | €112 | +€112 | |
| Other amounts payable | 47/48 | €56,222 | €42,308 | -€13,915 | -24.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,544 | €12,193 | +€3,650 | +42.7% |
| Other operating charges | 640/8 | €3,064 | €4,092 | +€1,028 | +33.5% |
| Non-recurring operating charges | 66A | - | €438 | +€438 | |
| Gross operating margin | 9900 | €53,076 | €26,075 | -€27,001 | -50.9% |
| Operating profit (loss) | 9901 | €41,467 | €9,352 | -€32,116 | -77.4% |
| Financial income | 75/76B | €34 | €0 | -€34 | -99.9% |
| Recurring financial income | 75 | €34 | €0 | -€34 | -99.9% |
| Financial charges | 65/66B | €4,310 | €3,680 | -€630 | -14.6% |
| Recurring financial charges | 65 | €4,310 | €3,680 | -€630 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €37,192 | €5,672 | -€31,520 | -84.8% |
| Income taxes | 67/77 | €11,093 | €1,713 | -€9,379 | -84.6% |
| Profit (loss) for the period | 9904 | €26,099 | €3,958 | -€22,141 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,099 | €3,958 | -€22,141 | -84.8% |
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 4 October 2026 via checked.be.