DEVEVET: 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.
DEVEVET
Largest movements
- Tangible fixed assets -€76,764
down €76,764 (-6.8%), from €1.1m to €1.1m
of which Land and buildings: -€41,465
- Cash +€32,040
up €32,040 (+97.2%), from €32,949 to €64,989
mainly Net result for the year (+€77,154) and Depreciation (+€53,837)
- Current investments +€26,675
up €26,675 (+212.6%), from €12,545 to €39,220
- Debts after one year -€81,100
down €81,100 (-8.1%), from €1.0m to €920,983
- Profit (loss) carried forward +€55,389
up €55,389, from -€28,795 to €26,595
- Other debts +€21,373
up €21,373 (+218.2%), from €9,795 to €31,168
- Gross operating margin +€109,529
up €109,529 (+59.0%), from €185,752 to €295,281
- Staff costs +€51,568
up €51,568 (+84.2%), from €61,222 to €112,790
- Depreciation -€19,124
down €19,124 (-26.2%), from €72,961 to €53,837
- Other operating charges +€10,207
up €10,207 (+138.4%), from €7,375 to €17,581
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 | €1,239,056 | €1,222,792 | -€16,264 | -1.3% |
| Fixed assets | 21/28 | €1,133,344 | €1,058,687 | -€74,656 | -6.6% |
| Intangible fixed assets | 21 | - | €2,108 | +€2,108 | |
| Tangible fixed assets | 22/27 | €1,133,344 | €1,056,580 | -€76,764 | -6.8% |
| Land and buildings | 22 | €1,052,937 | €1,011,473 | -€41,465 | -3.9% |
| Plant, machinery and equipment | 23 | €25,930 | €20,475 | -€5,455 | -21.0% |
| Furniture and vehicles | 24 | €54,103 | €21,665 | -€32,438 | -60.0% |
| Other tangible fixed assets | 26 | €373 | €2,967 | +€2,594 | +694.6% |
| Current assets | 29/58 | €105,712 | €164,105 | +€58,393 | +55.2% |
| Stocks and contracts in progress | 3 | €32,331 | €33,042 | +€711 | +2.2% |
| Stocks | 30/36 | €32,331 | €33,042 | +€711 | +2.2% |
| Amounts receivable within one year | 40/41 | €26,536 | €25,675 | -€861 | -3.2% |
| Trade receivables | 40 | €24,412 | €3,551 | -€20,861 | -85.5% |
| Other amounts receivable | 41 | €2,124 | €22,124 | +€20,000 | +941.4% |
| Current investments | 50/53 | €12,545 | €39,220 | +€26,675 | +212.6% |
| Cash at bank and in hand | 54/58 | €32,949 | €64,989 | +€32,040 | +97.2% |
| Deferred charges and accrued income | 490/1 | €1,352 | €1,178 | -€173 | -12.8% |
| Total equity and liabilities | 10/49 | €1,239,056 | €1,222,792 | -€16,264 | -1.3% |
| Equity | 10/15 | €82,201 | €134,948 | +€52,747 | +64.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,795 | €26,595 | +€55,389 | |
| Investment grants | 15 | €70,996 | €68,353 | -€2,642 | -3.7% |
| Amounts payable | 17/49 | €1,156,855 | €1,087,844 | -€69,011 | -6.0% |
| Amounts payable after more than one year | 17 | €1,002,083 | €920,983 | -€81,100 | -8.1% |
| Financial debts | 170/4 | €1,002,083 | €920,983 | -€81,100 | -8.1% |
| Amounts payable within one year | 42/48 | €154,771 | €166,861 | +€12,089 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €56,678 | €54,119 | -€2,559 | -4.5% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Other loans | 439 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €41,721 | €31,263 | -€10,458 | -25.1% |
| Suppliers | 440/4 | €41,721 | €31,263 | -€10,458 | -25.1% |
| Taxes, remuneration and social security | 45 | €21,578 | €25,311 | +€3,733 | +17.3% |
| Taxes | 450/3 | €15,636 | €8,707 | -€6,929 | -44.3% |
| Remuneration and social security | 454/9 | €5,942 | €16,605 | +€10,662 | +179.4% |
| Other amounts payable | 47/48 | €9,795 | €31,168 | +€21,373 | +218.2% |
| Remuneration, social security and pensions | 62 | €61,222 | €112,790 | +€51,568 | +84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,961 | €53,837 | -€19,124 | -26.2% |
| Other operating charges | 640/8 | €7,375 | €17,581 | +€10,207 | +138.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €185,752 | €295,281 | +€109,529 | +59.0% |
| Operating profit (loss) | 9901 | €44,195 | €111,073 | +€66,877 | +151.3% |
| Financial income | 75/76B | €116 | €72 | -€44 | -37.6% |
| Recurring financial income | 75 | €116 | €72 | -€44 | -37.6% |
| Financial charges | 65/66B | €35,084 | €33,991 | -€1,093 | -3.1% |
| Recurring financial charges | 65 | €35,084 | €33,991 | -€1,093 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €9,227 | €77,154 | +€67,927 | +736.1% |
| Income taxes | 67/77 | €376 | €0 | -€376 | -100.0% |
| Profit (loss) for the period | 9904 | €8,852 | €77,154 | +€68,302 | +771.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,852 | €77,154 | +€68,302 | +771.6% |
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 5 October 2026 via checked.be.