DEVERTICO: 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.
DEVERTICO
Largest movements
- Tangible fixed assets +€363,050
up €363,050 (+120.7%), from €300,850 to €663,900
of which Land and buildings: +€382,162
- Cash +€20,964
up €20,964 (+42.1%), from €49,767 to €70,731
mainly Debts after one year (+€290,949) and Net result for the year (+€68,111)
- Debts after one year +€290,949
up €290,949 (+170.9%), from €170,235 to €461,184
- Reserves +€67,115
up €67,115 (+70.1%), from €95,744 to €162,859
of which Distributable reserves: +€67,115
- Current portion of long-term debt +€16,644
up €16,644 (+72.0%), from €23,107 to €39,751
- Tax, wage and social debts +€14,480
up €14,480 (+84.8%), from €17,065 to €31,545
of which Taxes: +€14,309
- Gross operating margin +€65,011
up €65,011 (+65.8%), from €98,775 to €163,786
- Taxes +€12,418
up €12,418 (+105.2%), from €11,803 to €24,221
- Depreciation +€12,409
up €12,409 (+55.1%), from €22,533 to €34,942
- Financial charges +€4,572
up €4,572 (+99.8%), from €4,580 to €9,152
- Other operating charges +€4,177
up €4,177 (+101.6%), from €4,111 to €8,288
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 | €353,011 | €745,632 | +€392,620 | +111.2% |
| Fixed assets | 21/28 | €300,950 | €666,850 | +€365,900 | +121.6% |
| Tangible fixed assets | 22/27 | €300,850 | €663,900 | +€363,050 | +120.7% |
| Land and buildings | 22 | €260,506 | €642,668 | +€382,162 | +146.7% |
| Plant, machinery and equipment | 23 | €1,669 | €8,142 | +€6,473 | +387.8% |
| Furniture and vehicles | 24 | €38,675 | €13,090 | -€25,585 | -66.2% |
| Financial fixed assets | 28 | €100 | €2,950 | +€2,850 | +2850.0% |
| Current assets | 29/58 | €52,061 | €78,782 | +€26,721 | +51.3% |
| Amounts receivable within one year | 40/41 | €596 | €5,700 | +€5,104 | +856.1% |
| Trade receivables | 40 | €389 | €5,700 | +€5,311 | +1366.2% |
| Other amounts receivable | 41 | €207 | €0 | -€207 | -100.0% |
| Cash at bank and in hand | 54/58 | €49,767 | €70,731 | +€20,964 | +42.1% |
| Deferred charges and accrued income | 490/1 | €1,698 | €2,351 | +€653 | +38.5% |
| Total equity and liabilities | 10/49 | €353,011 | €745,632 | +€392,620 | +111.2% |
| Equity | 10/15 | €126,145 | €193,260 | +€67,115 | +53.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €47,013 | €47,013 | = | 0.0% |
| Reserves | 13 | €95,744 | €162,859 | +€67,115 | +70.1% |
| Tax-exempt reserves | 132 | €175 | €175 | = | 0.0% |
| Distributable reserves | 133 | €95,568 | €162,684 | +€67,115 | +70.2% |
| Profit (loss) carried forward | 14 | -€22,812 | -€22,812 | = | 0.0% |
| Amounts payable | 17/49 | €226,867 | €552,372 | +€325,505 | +143.5% |
| Amounts payable after more than one year | 17 | €170,235 | €461,184 | +€290,949 | +170.9% |
| Financial debts | 170/4 | €170,235 | €461,184 | +€290,949 | +170.9% |
| Amounts payable within one year | 42/48 | €55,810 | €90,144 | +€34,333 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €23,107 | €39,751 | +€16,644 | +72.0% |
| Trade debts | 44 | €97 | €3,571 | +€3,474 | +3571.3% |
| Suppliers | 440/4 | €97 | €3,571 | +€3,474 | +3571.3% |
| Taxes, remuneration and social security | 45 | €17,065 | €31,545 | +€14,480 | +84.8% |
| Taxes | 450/3 | €11,928 | €26,237 | +€14,309 | +120.0% |
| Remuneration and social security | 454/9 | €5,138 | €5,308 | +€170 | +3.3% |
| Other amounts payable | 47/48 | €15,540 | €15,276 | -€265 | -1.7% |
| Accrued charges and deferred income | 492/3 | €822 | €1,044 | +€223 | +27.1% |
| Remuneration, social security and pensions | 62 | €20,117 | €19,119 | -€999 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,533 | €34,942 | +€12,409 | +55.1% |
| Other operating charges | 640/8 | €4,111 | €8,288 | +€4,177 | +101.6% |
| Gross operating margin | 9900 | €98,775 | €163,786 | +€65,011 | +65.8% |
| Operating profit (loss) | 9901 | €52,014 | €101,437 | +€49,424 | +95.0% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €4,580 | €9,152 | +€4,572 | +99.8% |
| Recurring financial charges | 65 | €4,580 | €9,152 | +€4,572 | +99.8% |
| Profit (loss) for the period before taxes | 9903 | €47,434 | €92,332 | +€44,898 | +94.7% |
| Income taxes | 67/77 | €11,803 | €24,221 | +€12,418 | +105.2% |
| Profit (loss) for the period | 9904 | €35,631 | €68,111 | +€32,480 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,631 | €68,111 | +€32,480 | +91.2% |
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 6 October 2026 via checked.be.