Develyn: 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.
Develyn
Largest movements
- Receivables within one year -€11,838
down €11,838 (-36.5%), from €32,414 to €20,576
of which Trade receivables: -€10,503
- Tangible fixed assets -€6,745
down €6,745 (-2.4%), from €279,819 to €273,074
of which Land and buildings: -€7,123
- Debts after one year +€136,704
up €136,704 (+87.1%), from €157,015 to €293,719
- Other debts -€81,116
down €81,116 (-82.6%), from €98,198 to €17,082
- Current portion of long-term debt -€49,772
down €49,772 (-78.9%), from €63,069 to €13,296
- Trade debts -€26,331
down €26,331 (-57.4%), from €45,852 to €19,521
- Short-term financial debts +€5,900
up €5,900 (+36.7%), from €16,062 to €21,962
- Gross operating margin +€7,355
up €7,355 (+31.9%), from €23,089 to €30,444
- Financial charges +€5,103
up €5,103 (+38.5%), from €13,249 to €18,352
- Depreciation +€3,130
up €3,130 (+28.2%), from €11,115 to €14,245
- Write-downs -€2,000
down €2,000 (-66.7%), from -€3,000 to -€5,000
- Staff costs +€1,816
new in 2025: €1,816
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 | €426,292 | €406,359 | -€19,933 | -4.7% |
| Fixed assets | 21/28 | €279,819 | €273,074 | -€6,745 | -2.4% |
| Tangible fixed assets | 22/27 | €279,819 | €273,074 | -€6,745 | -2.4% |
| Land and buildings | 22 | €264,297 | €257,173 | -€7,123 | -2.7% |
| Plant, machinery and equipment | 23 | €6,189 | €9,958 | +€3,769 | +60.9% |
| Furniture and vehicles | 24 | €5,245 | €2,532 | -€2,713 | -51.7% |
| Other tangible fixed assets | 26 | €4,088 | €3,411 | -€677 | -16.6% |
| Current assets | 29/58 | €146,473 | €133,284 | -€13,189 | -9.0% |
| Stocks and contracts in progress | 3 | €112,105 | €109,980 | -€2,126 | -1.9% |
| Stocks | 30/36 | €112,105 | €109,980 | -€2,126 | -1.9% |
| Amounts receivable within one year | 40/41 | €32,414 | €20,576 | -€11,838 | -36.5% |
| Trade receivables | 40 | €31,067 | €20,564 | -€10,503 | -33.8% |
| Other amounts receivable | 41 | €1,347 | €12 | -€1,335 | -99.1% |
| Cash at bank and in hand | 54/58 | €70 | €70 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,884 | €2,659 | +€775 | +41.1% |
| Total equity and liabilities | 10/49 | €426,292 | €406,359 | -€19,933 | -4.7% |
| Equity | 10/15 | €19,658 | €19,789 | +€132 | +0.7% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Reserves | 13 | €6,058 | €6,189 | +€132 | +2.2% |
| Distributable reserves | 133 | €6,058 | €6,189 | +€132 | +2.2% |
| Amounts payable | 17/49 | €406,634 | €386,569 | -€20,065 | -4.9% |
| Amounts payable after more than one year | 17 | €157,015 | €293,719 | +€136,704 | +87.1% |
| Financial debts | 170/4 | €157,015 | €293,719 | +€136,704 | +87.1% |
| Amounts payable within one year | 42/48 | €232,267 | €75,498 | -€156,769 | -67.5% |
| Current portion of amounts payable after more than one year | 42 | €63,069 | €13,296 | -€49,772 | -78.9% |
| Financial debts | 43 | €16,062 | €21,962 | +€5,900 | +36.7% |
| Credit institutions | 430/8 | €16,062 | €21,962 | +€5,900 | +36.7% |
| Trade debts | 44 | €45,852 | €19,521 | -€26,331 | -57.4% |
| Suppliers | 440/4 | €45,852 | €19,521 | -€26,331 | -57.4% |
| Taxes, remuneration and social security | 45 | €9,087 | €3,637 | -€5,450 | -60.0% |
| Taxes | 450/3 | €9,087 | €3,637 | -€5,450 | -60.0% |
| Other amounts payable | 47/48 | €98,198 | €17,082 | -€81,116 | -82.6% |
| Accrued charges and deferred income | 492/3 | €17,352 | €17,352 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €1,816 | +€1,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,115 | €14,245 | +€3,130 | +28.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,000 | -€5,000 | -€2,000 | -66.7% |
| Other operating charges | 640/8 | €1,878 | €1,994 | +€116 | +6.2% |
| Gross operating margin | 9900 | €23,089 | €30,444 | +€7,355 | +31.9% |
| Operating profit (loss) | 9901 | €13,096 | €17,390 | +€4,294 | +32.8% |
| Financial income | 75/76B | €500 | €1,956 | +€1,456 | +291% |
| Recurring financial income | 75 | €500 | €1,956 | +€1,456 | +291% |
| Financial charges | 65/66B | €13,249 | €18,352 | +€5,103 | +38.5% |
| Recurring financial charges | 65 | €13,249 | €18,352 | +€5,103 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €347 | €994 | +€647 | +187% |
| Income taxes | 67/77 | €201 | €862 | +€661 | +329% |
| Profit (loss) for the period | 9904 | €146 | €132 | -€14 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €146 | €132 | -€14 | -9.7% |
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 15 October 2026 via checked.be.