DEVENOX: 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.
DEVENOX
Largest movements
- Receivables within one year -€15,367
down €15,367 (-81.0%), from €18,967 to €3,600
of which Trade receivables: -€16,716
- Tangible fixed assets -€9,792
down €9,792 (-9.7%), from €101,020 to €91,228
of which Land and buildings: -€7,443
- Intangible fixed assets -€4,000
no longer reported in 2025 (was €4,000)
- Reserves -€12,101
down €12,101 (-78.5%), from €15,416 to €3,315
- Trade debts -€9,665
no longer reported in 2025 (was €9,665)
- Debts after one year -€6,657
down €6,657 (-8.9%), from €75,206 to €68,549
- Tax, wage and social debts -€1,752
no longer reported in 2025 (was €1,752)
- Short-term financial debts +€1,476
up €1,476 (+17.1%), from €8,631 to €10,107
- Gross operating margin -€14,774
down €14,774 (-73.1%), from €20,216 to €5,442
- Financial charges -€2,992
down €2,992 (-48.4%), from €6,177 to €3,185
- Depreciation -€1,238
down €1,238 (-8.2%), from €15,030 to €13,792
- Other operating charges +€504
up €504 (+812.9%), from €62 to €566
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,987 | €94,828 | -€29,159 | -23.5% |
| Fixed assets | 21/28 | €105,020 | €91,228 | -€13,792 | -13.1% |
| Intangible fixed assets | 21 | €4,000 | - | -€4,000 | |
| Tangible fixed assets | 22/27 | €101,020 | €91,228 | -€9,792 | -9.7% |
| Land and buildings | 22 | €94,068 | €86,625 | -€7,443 | -7.9% |
| Plant, machinery and equipment | 23 | €6,952 | €4,603 | -€2,349 | -33.8% |
| Current assets | 29/58 | €18,967 | €3,600 | -€15,367 | -81.0% |
| Amounts receivable within one year | 40/41 | €18,967 | €3,600 | -€15,367 | -81.0% |
| Trade receivables | 40 | €18,967 | €2,251 | -€16,716 | -88.1% |
| Other amounts receivable | 41 | - | €1,349 | +€1,349 | |
| Total equity and liabilities | 10/49 | €123,987 | €94,828 | -€29,159 | -23.5% |
| Equity | 10/15 | €21,616 | €9,515 | -€12,101 | -56.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,416 | €3,315 | -€12,101 | -78.5% |
| Distributable reserves | 133 | €15,416 | €3,315 | -€12,101 | -78.5% |
| Amounts payable | 17/49 | €102,371 | €85,313 | -€17,058 | -16.7% |
| Amounts payable after more than one year | 17 | €75,206 | €68,549 | -€6,657 | -8.9% |
| Financial debts | 170/4 | €75,206 | €68,549 | -€6,657 | -8.9% |
| Amounts payable within one year | 42/48 | €27,165 | €16,764 | -€10,401 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €6,520 | €6,657 | +€137 | +2.1% |
| Financial debts | 43 | €8,631 | €10,107 | +€1,476 | +17.1% |
| Credit institutions | 430/8 | €8,631 | €10,107 | +€1,476 | +17.1% |
| Trade debts | 44 | €9,665 | - | -€9,665 | |
| Suppliers | 440/4 | €9,665 | - | -€9,665 | |
| Taxes, remuneration and social security | 45 | €1,752 | - | -€1,752 | |
| Taxes | 450/3 | €1,752 | - | -€1,752 | |
| Other amounts payable | 47/48 | €597 | - | -€597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,030 | €13,792 | -€1,238 | -8.2% |
| Other operating charges | 640/8 | €62 | €566 | +€504 | +812.9% |
| Gross operating margin | 9900 | €20,216 | €5,442 | -€14,774 | -73.1% |
| Operating profit (loss) | 9901 | €5,124 | -€8,916 | -€14,040 | |
| Financial charges | 65/66B | €6,177 | €3,185 | -€2,992 | -48.4% |
| Recurring financial charges | 65 | €6,177 | €3,185 | -€2,992 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,053 | -€12,101 | -€11,048 | -1049.2% |
| Income taxes | 67/77 | €7 | - | -€7 | |
| Profit (loss) for the period | 9904 | -€1,060 | -€12,101 | -€11,041 | -1041.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,060 | -€12,101 | -€11,041 | -1041.6% |
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 9 October 2026 via checked.be.