DEVEST: 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.
DEVEST
Largest movements
- Tangible fixed assets -€103,302
down €103,302 (-9.0%), from €1.1m to €1.0m
of which Land and buildings: -€77,238
- Profit (loss) carried forward -€75,705
down €75,705 (-44.5%), from €169,937 to €94,233
- Current portion of long-term debt -€26,022
down €26,022 (-92.0%), from €28,290 to €2,268
- Gross operating margin +€14,635
up €14,635 (+76.6%), from €19,111 to €33,746
- Depreciation -€788
down €788 (-0.7%), from €108,451 to €107,663
- Other operating charges +€739
up €739 (+14.6%), from €5,063 to €5,801
- Financial charges -€581
down €581 (-55.3%), from €1,052 to €471
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 | €1,152,696 | €1,047,825 | -€104,871 | -9.1% |
| Fixed assets | 21/28 | €1,142,033 | €1,038,730 | -€103,302 | -9.0% |
| Tangible fixed assets | 22/27 | €1,142,033 | €1,038,730 | -€103,302 | -9.0% |
| Land and buildings | 22 | €1,026,396 | €949,158 | -€77,238 | -7.5% |
| Furniture and vehicles | 24 | €80,636 | €54,572 | -€26,065 | -32.3% |
| Other tangible fixed assets | 26 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €10,663 | €9,095 | -€1,568 | -14.7% |
| Amounts receivable within one year | 40/41 | €360 | €0 | -€360 | -100.0% |
| Other amounts receivable | 41 | €360 | €0 | -€360 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,303 | €6,079 | -€4,224 | -41.0% |
| Deferred charges and accrued income | 490/1 | - | €3,016 | +€3,016 | |
| Total equity and liabilities | 10/49 | €1,152,696 | €1,047,825 | -€104,871 | -9.1% |
| Equity | 10/15 | €193,277 | €112,833 | -€80,445 | -41.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,740 | €0 | -€4,740 | -100.0% |
| Distributable reserves | 133 | €4,740 | €0 | -€4,740 | -100.0% |
| Profit (loss) carried forward | 14 | €169,937 | €94,233 | -€75,705 | -44.5% |
| Amounts payable | 17/49 | €959,419 | €934,993 | -€24,426 | -2.5% |
| Amounts payable after more than one year | 17 | €2,128 | €0 | -€2,128 | -100.0% |
| Financial debts | 170/4 | €2,128 | €0 | -€2,128 | -100.0% |
| Amounts payable within one year | 42/48 | €956,292 | €934,993 | -€21,300 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €28,290 | €2,268 | -€26,022 | -92.0% |
| Trade debts | 44 | €113 | €847 | +€734 | +649.8% |
| Suppliers | 440/4 | €113 | €847 | +€734 | +649.8% |
| Taxes, remuneration and social security | 45 | €724 | €330 | -€394 | -54.5% |
| Taxes | 450/3 | €724 | €330 | -€394 | -54.5% |
| Other amounts payable | 47/48 | €927,166 | €931,548 | +€4,382 | +0.5% |
| Accrued charges and deferred income | 492/3 | €999 | €0 | -€999 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,451 | €107,663 | -€788 | -0.7% |
| Other operating charges | 640/8 | €5,063 | €5,801 | +€739 | +14.6% |
| Gross operating margin | 9900 | €19,111 | €33,746 | +€14,635 | +76.6% |
| Operating profit (loss) | 9901 | -€94,402 | -€79,718 | +€14,684 | +15.6% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,052 | €471 | -€581 | -55.3% |
| Recurring financial charges | 65 | €1,052 | €471 | -€581 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€95,454 | -€80,185 | +€15,269 | +16.0% |
| Income taxes | 67/77 | €276 | €260 | -€17 | -6.0% |
| Profit (loss) for the period | 9904 | -€95,731 | -€80,445 | +€15,286 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,731 | -€80,445 | +€15,286 | +16.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.