DEVENCO: 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.
DEVENCO
Largest movements
- Cash -€37,370
down €37,370 (-88.7%), from €42,149 to €4,779
mainly Contributions, distributions and other (-€54,578) and Investment in fixed assets (net) (-€26,263)
- Financial fixed assets +€26,263
up €26,263 (+17.4%), from €151,109 to €177,372
- Receivables within one year -€20,999
down €20,999 (-25.1%), from €83,605 to €62,607
of which Trade receivables: -€22,172
- Deferred charges and accrued income -€7,332
down €7,332 (-96.4%), from €7,604 to €272
- Other debts -€19,818
down €19,818 (-15.5%), from €127,739 to €107,920
- Tax, wage and social debts -€16,735
down €16,735 (-70.3%), from €23,805 to €7,070
- Debts after one year -€3,955
down €3,955 (-2.1%), from €192,066 to €188,111
- Gross operating margin -€34,182
down €34,182 (-31.8%), from €107,553 to €73,371
- Taxes -€9,016
down €9,016 (-33.0%), from €27,337 to €18,321
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 | €348,512 | €308,202 | -€40,310 | -11.6% |
| Fixed assets | 21/28 | €215,154 | €240,544 | +€25,390 | +11.8% |
| Intangible fixed assets | 21 | €2,267 | €1,750 | -€517 | -22.8% |
| Tangible fixed assets | 22/27 | €61,778 | €61,422 | -€356 | -0.6% |
| Land and buildings | 22 | €61,250 | €61,250 | = | 0.0% |
| Furniture and vehicles | 24 | €528 | €172 | -€356 | -67.5% |
| Financial fixed assets | 28 | €151,109 | €177,372 | +€26,263 | +17.4% |
| Current assets | 29/58 | €133,358 | €67,658 | -€65,700 | -49.3% |
| Amounts receivable within one year | 40/41 | €83,605 | €62,607 | -€20,999 | -25.1% |
| Trade receivables | 40 | €83,605 | €61,434 | -€22,172 | -26.5% |
| Other amounts receivable | 41 | - | €1,173 | +€1,173 | |
| Cash at bank and in hand | 54/58 | €42,149 | €4,779 | -€37,370 | -88.7% |
| Deferred charges and accrued income | 490/1 | €7,604 | €272 | -€7,332 | -96.4% |
| Total equity and liabilities | 10/49 | €348,512 | €308,202 | -€40,310 | -11.6% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €348,412 | €308,102 | -€40,310 | -11.6% |
| Amounts payable after more than one year | 17 | €192,066 | €188,111 | -€3,955 | -2.1% |
| Financial debts | 170/4 | €192,066 | €188,111 | -€3,955 | -2.1% |
| Amounts payable within one year | 42/48 | €156,346 | €119,991 | -€36,355 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €4,193 | €4,254 | +€61 | +1.5% |
| Trade debts | 44 | €609 | €747 | +€137 | +22.6% |
| Suppliers | 440/4 | €609 | €747 | +€137 | +22.6% |
| Taxes, remuneration and social security | 45 | €23,805 | €7,070 | -€16,735 | -70.3% |
| Taxes | 450/3 | €23,805 | €7,070 | -€16,735 | -70.3% |
| Other amounts payable | 47/48 | €127,739 | €107,920 | -€19,818 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,056 | €873 | -€183 | -17.4% |
| Other operating charges | 640/8 | €20 | €20 | = | 0.0% |
| Gross operating margin | 9900 | €107,553 | €73,371 | -€34,182 | -31.8% |
| Operating profit (loss) | 9901 | €106,477 | €72,479 | -€33,998 | -31.9% |
| Financial income | 75/76B | €1,393 | €1,263 | -€130 | -9.3% |
| Recurring financial income | 75 | €1,393 | €1,263 | -€130 | -9.3% |
| Financial charges | 65/66B | €928 | €843 | -€85 | -9.1% |
| Recurring financial charges | 65 | €928 | €843 | -€85 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €106,943 | €72,899 | -€34,044 | -31.8% |
| Income taxes | 67/77 | €27,337 | €18,321 | -€9,016 | -33.0% |
| Profit (loss) for the period | 9904 | €79,605 | €54,578 | -€25,028 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,605 | €54,578 | -€25,028 | -31.4% |
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.