DEVEX: 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.
DEVEX
Largest movements
- Cash +€26,781
up €26,781 (+139%), from €19,237 to €46,018
mainly Depreciation (+€16,391) and Other debts (+€7,256)
- Tangible fixed assets -€16,391
down €16,391 (-5.2%), from €314,368 to €297,977
- Other debts +€7,256
up €7,256 (+3.0%), from €239,519 to €246,775
- Gross operating margin +€9,674
up €9,674 (+62.7%), from €15,437 to €25,111
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.
Derived cash bridge
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 | €335,013 | €344,343 | +€9,330 | +2.8% |
| Fixed assets | 21/28 | €314,368 | €297,977 | -€16,391 | -5.2% |
| Tangible fixed assets | 22/27 | €314,368 | €297,977 | -€16,391 | -5.2% |
| Land and buildings | 22 | €314,368 | €297,977 | -€16,391 | -5.2% |
| Current assets | 29/58 | €20,645 | €46,366 | +€25,721 | +125% |
| Amounts receivable within one year | 40/41 | €1,286 | - | -€1,286 | |
| Trade receivables | 40 | €1,286 | - | -€1,286 | |
| Cash at bank and in hand | 54/58 | €19,237 | €46,018 | +€26,781 | +139% |
| Deferred charges and accrued income | 490/1 | €122 | €348 | +€226 | +186% |
| Total equity and liabilities | 10/49 | €335,013 | €344,343 | +€9,330 | +2.8% |
| Equity | 10/15 | €94,780 | €96,979 | +€2,200 | +2.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,130 | €29,329 | +€2,200 | +8.1% |
| Amounts payable | 17/49 | €240,233 | €247,363 | +€7,130 | +3.0% |
| Amounts payable within one year | 42/48 | €240,233 | €247,363 | +€7,130 | +3.0% |
| Trade debts | 44 | €714 | €589 | -€126 | -17.6% |
| Suppliers | 440/4 | €714 | €589 | -€126 | -17.6% |
| Other amounts payable | 47/48 | €239,519 | €246,775 | +€7,256 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,360 | €16,391 | +€31 | +0.2% |
| Other operating charges | 640/8 | €6,551 | €6,757 | +€206 | +3.1% |
| Gross operating margin | 9900 | €15,437 | €25,111 | +€9,674 | +62.7% |
| Operating profit (loss) | 9901 | -€7,474 | €1,962 | +€9,437 | |
| Financial income | 75/76B | €301 | €297 | -€4 | -1.3% |
| Recurring financial income | 75 | €301 | €297 | -€4 | -1.3% |
| Financial charges | 65/66B | €62 | €60 | -€2 | -2.6% |
| Recurring financial charges | 65 | €62 | €60 | -€2 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,235 | €2,200 | +€9,434 | |
| Profit (loss) for the period | 9904 | -€7,235 | €2,200 | +€9,434 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,235 | €2,200 | +€9,434 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.