DEVERMA: 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.
DEVERMA
Largest movements
- Stocks and contracts -€2.8m
down €2.8m (-96.0%), from €2.9m to €115,979
- Receivables within one year -€1.0m
down €1.0m (-18.3%), from €5.7m to €4.7m
of which Trade receivables: -€3.2m
- Financial fixed assets -€810,000
down €810,000 (-100.0%), from €810,250 to €250
- Tangible fixed assets -€200,117
down €200,117 (-11.1%), from €1.8m to €1.6m
of which Leasing and similar rights: -€190,000
- Trade debts -€2.4m
down €2.4m (-50.6%), from €4.8m to €2.4m
- Short-term financial debts -€1.4m
down €1.4m (-51.7%), from €2.7m to €1.3m
- Debts after one year -€603,308
down €603,308 (-36.7%), from €1.6m to €1.0m
of which Other amounts payable: -€400,000
- Accrued charges and deferred income -€287,592
down €287,592 (-100.0%), from €287,592 to €0
- Other debts -€129,586
down €129,586 (-81.5%), from €159,086 to €29,500
- Gross operating margin -€557,012
down €557,012 (-59.2%), from €940,838 to €383,826
- Other operating charges -€202,664
down €202,664 (-85.6%), from €236,724 to €34,060
- Financial income +€84,441
up €84,441 (+121.4%), from €69,540 to €153,981
- Financial charges -€56,066
down €56,066 (-18.4%), from €304,826 to €248,759
- Write-downs -€50,000
down €50,000 (-100.0%), from €50,000 to €0
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 | €11,624,007 | €6,803,822 | -€4.8m | -41.5% |
| Fixed assets | 21/28 | €2,807,385 | €1,763,916 | -€1.0m | -37.2% |
| Intangible fixed assets | 21 | €187,501 | €154,150 | -€33,352 | -17.8% |
| Tangible fixed assets | 22/27 | €1,809,634 | €1,609,516 | -€200,117 | -11.1% |
| Land and buildings | 22 | €860,227 | €849,701 | -€10,526 | -1.2% |
| Plant, machinery and equipment | 23 | €867 | €427 | -€440 | -50.8% |
| Furniture and vehicles | 24 | €208,541 | €209,390 | +€849 | +0.4% |
| Leasing and similar rights | 25 | €739,999 | €549,999 | -€190,000 | -25.7% |
| Financial fixed assets | 28 | €810,250 | €250 | -€810,000 | -100.0% |
| Current assets | 29/58 | €8,816,622 | €5,039,907 | -€3.8m | -42.8% |
| Stocks and contracts in progress | 3 | €2,893,795 | €115,979 | -€2.8m | -96.0% |
| Stocks | 30/36 | €2,893,795 | €115,979 | -€2.8m | -96.0% |
| Amounts receivable within one year | 40/41 | €5,696,329 | €4,651,684 | -€1.0m | -18.3% |
| Trade receivables | 40 | €5,496,020 | €2,307,737 | -€3.2m | -58.0% |
| Other amounts receivable | 41 | €200,310 | €2,343,947 | +€2.1m | +1070.2% |
| Current investments | 50/53 | €217,128 | €217,128 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,598 | €52,429 | +€48,831 | +1357.1% |
| Deferred charges and accrued income | 490/1 | €5,772 | €2,686 | -€3,086 | -53.5% |
| Total equity and liabilities | 10/49 | €11,624,007 | €6,803,822 | -€4.8m | -41.5% |
| Equity | 10/15 | €1,792,312 | €1,803,182 | +€10,870 | +0.6% |
| Contributions | 10/11 | €1,524,000 | €1,524,000 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Outside capital | 11 | €1,524,000 | €1,524,000 | = | 0.0% |
| Other | 1109/19 | €1,524,000 | €1,524,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,450,000 | €1,450,000 | = | 0.0% |
| Reserves | 13 | €452,083 | €452,083 | = | 0.0% |
| Non-distributable reserves | 130/1 | €228,979 | €228,979 | = | 0.0% |
| Legal reserve | 130 | €228,979 | €228,979 | = | 0.0% |
| Distributable reserves | 133 | €223,104 | €223,104 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,633,771 | -€1,622,901 | +€10,870 | +0.7% |
| Amounts payable | 17/49 | €9,831,695 | €5,000,641 | -€4.8m | -49.1% |
| Amounts payable after more than one year | 17 | €1,642,778 | €1,039,470 | -€603,308 | -36.7% |
| Financial debts | 170/4 | €1,242,778 | €1,039,470 | -€203,308 | -16.4% |
| Other amounts payable | 178/9 | €400,000 | €0 | -€400,000 | -100.0% |
| Amounts payable within one year | 42/48 | €7,901,325 | €3,961,170 | -€3.9m | -49.9% |
| Current portion of amounts payable after more than one year | 42 | €198,321 | €203,308 | +€4,986 | +2.5% |
| Financial debts | 43 | €2,700,000 | €1,305,000 | -€1.4m | -51.7% |
| Credit institutions | 430/8 | €2,700,000 | €1,305,000 | -€1.4m | -51.7% |
| Trade debts | 44 | €4,793,136 | €2,369,184 | -€2.4m | -50.6% |
| Suppliers | 440/4 | €4,793,136 | €2,369,184 | -€2.4m | -50.6% |
| Taxes, remuneration and social security | 45 | €50,782 | €54,179 | +€3,396 | +6.7% |
| Taxes | 450/3 | €50,782 | €54,179 | +€3,396 | +6.7% |
| Other amounts payable | 47/48 | €159,086 | €29,500 | -€129,586 | -81.5% |
| Accrued charges and deferred income | 492/3 | €287,592 | €0 | -€287,592 | -100.0% |
| Remuneration, social security and pensions | 62 | €16,585 | €7,923 | -€8,662 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,313 | €236,127 | -€26,186 | -10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,000 | €0 | -€50,000 | -100.0% |
| Other operating charges | 640/8 | €236,724 | €34,060 | -€202,664 | -85.6% |
| Gross operating margin | 9900 | €940,838 | €383,826 | -€557,012 | -59.2% |
| Operating profit (loss) | 9901 | €375,216 | €105,716 | -€269,500 | -71.8% |
| Financial income | 75/76B | €69,540 | €153,981 | +€84,441 | +121.4% |
| Recurring financial income | 75 | €69,540 | €153,981 | +€84,441 | +121.4% |
| Financial charges | 65/66B | €304,826 | €248,759 | -€56,066 | -18.4% |
| Recurring financial charges | 65 | €304,826 | €248,759 | -€56,066 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €139,931 | €10,938 | -€128,993 | -92.2% |
| Income taxes | 67/77 | €43,454 | €68 | -€43,386 | -99.8% |
| Profit (loss) for the period | 9904 | €96,477 | €10,870 | -€85,607 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,477 | €10,870 | -€85,607 | -88.7% |
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 5 October 2026 via checked.be.