DEVGYN: 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.
DEVGYN
Largest movements
- Tangible fixed assets -€32,285
down €32,285 (-7.4%), from €435,341 to €403,056
of which Furniture and vehicles: -€17,852
- Cash -€17,185
down €17,185 (-8.8%), from €195,180 to €177,994
mainly Debts after one year (-€49,074) and Current portion of long-term debt (-€15,775)
- Receivables within one year +€14,272
up €14,272 (+22.4%), from €63,620 to €77,892
of which Other amounts receivable: +€15,257
- Deferred charges and accrued income -€12,831
down €12,831 (-19.5%), from €65,745 to €52,914
- Receivables after one year -€10,000
no longer reported in 2025 (was €10,000)
- Debts after one year -€49,074
down €49,074 (-48.5%), from €101,144 to €52,069
- Reserves +€23,281
up €23,281 (+4.1%), from €570,010 to €593,291
- Current portion of long-term debt -€15,775
down €15,775 (-24.3%), from €64,849 to €49,074
- Tax, wage and social debts -€11,000
down €11,000 (-66.7%), from €16,500 to €5,500
- Gross operating margin -€32,934
down €32,934 (-26.8%), from €122,826 to €89,892
- Taxes -€9,233
down €9,233 (-35.9%), from €25,686 to €16,453
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 | €769,886 | €711,856 | -€58,030 | -7.5% |
| Fixed assets | 21/28 | €435,341 | €403,056 | -€32,285 | -7.4% |
| Tangible fixed assets | 22/27 | €435,341 | €403,056 | -€32,285 | -7.4% |
| Land and buildings | 22 | €366,560 | €355,060 | -€11,500 | -3.1% |
| Plant, machinery and equipment | 23 | €19,333 | €16,699 | -€2,634 | -13.6% |
| Furniture and vehicles | 24 | €46,488 | €28,636 | -€17,852 | -38.4% |
| Other tangible fixed assets | 26 | €2,961 | €2,661 | -€300 | -10.1% |
| Current assets | 29/58 | €334,545 | €308,801 | -€25,745 | -7.7% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €63,620 | €77,892 | +€14,272 | +22.4% |
| Trade receivables | 40 | €986 | - | -€986 | |
| Other amounts receivable | 41 | €62,635 | €77,892 | +€15,257 | +24.4% |
| Cash at bank and in hand | 54/58 | €195,180 | €177,994 | -€17,185 | -8.8% |
| Deferred charges and accrued income | 490/1 | €65,745 | €52,914 | -€12,831 | -19.5% |
| Total equity and liabilities | 10/49 | €769,886 | €711,856 | -€58,030 | -7.5% |
| Equity | 10/15 | €570,010 | €593,291 | +€23,281 | +4.1% |
| Contributions | 10/11 | €0 | €0 | = | |
| Reserves | 13 | €570,010 | €593,291 | +€23,281 | +4.1% |
| Distributable reserves | 133 | €570,010 | €593,291 | +€23,281 | +4.1% |
| Amounts payable | 17/49 | €199,876 | €118,565 | -€81,311 | -40.7% |
| Amounts payable after more than one year | 17 | €101,144 | €52,069 | -€49,074 | -48.5% |
| Financial debts | 170/4 | €101,144 | €52,069 | -€49,074 | -48.5% |
| Amounts payable within one year | 42/48 | €98,733 | €66,496 | -€32,237 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €64,849 | €49,074 | -€15,775 | -24.3% |
| Trade debts | 44 | €184 | €1,223 | +€1,039 | +565% |
| Suppliers | 440/4 | €184 | €1,223 | +€1,039 | +565% |
| Taxes, remuneration and social security | 45 | €16,500 | €5,500 | -€11,000 | -66.7% |
| Taxes | 450/3 | €16,500 | €5,500 | -€11,000 | -66.7% |
| Other amounts payable | 47/48 | €17,200 | €10,699 | -€6,501 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,391 | €34,493 | +€1,102 | +3.3% |
| Other operating charges | 640/8 | €3,203 | €2,826 | -€377 | -11.8% |
| Gross operating margin | 9900 | €122,826 | €89,892 | -€32,934 | -26.8% |
| Operating profit (loss) | 9901 | €86,232 | €52,573 | -€33,659 | -39.0% |
| Financial income | 75/76B | €1 | €139 | +€138 | +11,608% |
| Recurring financial income | 75 | €1 | €139 | +€138 | +11,608% |
| Financial charges | 65/66B | €3,554 | €2,478 | -€1,076 | -30.3% |
| Recurring financial charges | 65 | €3,554 | €2,478 | -€1,076 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €82,679 | €50,234 | -€32,445 | -39.2% |
| Income taxes | 67/77 | €25,686 | €16,453 | -€9,233 | -35.9% |
| Profit (loss) for the period | 9904 | €56,993 | €33,781 | -€23,212 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,993 | €33,781 | -€23,212 | -40.7% |
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 13 October 2026 via checked.be.