DEVIBO: 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.
DEVIBO
Largest movements
- Tangible fixed assets +€478,824
up €478,824 (+67.4%), from €710,125 to €1.2m
of which Assets under construction and advance payments: +€710,181
- Cash +€273,667
up €273,667 (+993.3%), from €27,552 to €301,219
mainly Debts after one year (+€451,470) and Contributions, distributions and other (+€221,115)
- Debts after one year +€451,470
up €451,470 (+225.4%), from €200,335 to €651,805
- Reserves +€251,589
up €251,589 (+56.2%), from €447,299 to €698,888
of which Tax-exempt reserves: +€223,133
- Provisions +€72,928
up €72,928 (+135.3%), from €53,882 to €126,811
- Other debts -€27,121
down €27,121 (-94.9%), from €28,571 to €1,450
- Financial charges +€18,744
up €18,744 (+238.1%), from €7,872 to €26,616
- Depreciation -€8,850
down €8,850 (-22.5%), from €39,330 to €30,481
- Gross operating margin +€5,474
up €5,474 (+4.6%), from €117,754 to €123,228
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 | €903,796 | €1,647,308 | +€743,512 | +82.3% |
| Fixed assets | 21/28 | €760,954 | €1,238,528 | +€477,574 | +62.8% |
| Tangible fixed assets | 22/27 | €710,125 | €1,188,949 | +€478,824 | +67.4% |
| Land and buildings | 22 | €686,294 | €462,349 | -€223,945 | -32.6% |
| Other tangible fixed assets | 26 | €23,831 | €16,419 | -€7,413 | -31.1% |
| Assets under construction and advance payments | 27 | - | €710,181 | +€710,181 | |
| Financial fixed assets | 28 | €50,829 | €49,579 | -€1,250 | -2.5% |
| Current assets | 29/58 | €142,843 | €408,781 | +€265,938 | +186.2% |
| Amounts receivable within one year | 40/41 | €108,750 | €102,750 | -€6,000 | -5.5% |
| Trade receivables | 40 | €43,750 | €37,750 | -€6,000 | -13.7% |
| Other amounts receivable | 41 | €65,000 | €65,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,552 | €301,219 | +€273,667 | +993.3% |
| Deferred charges and accrued income | 490/1 | €6,541 | €4,812 | -€1,729 | -26.4% |
| Total equity and liabilities | 10/49 | €903,796 | €1,647,308 | +€743,512 | +82.3% |
| Equity | 10/15 | €596,980 | €848,569 | +€251,589 | +42.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €87,681 | €87,681 | = | 0.0% |
| Reserves | 13 | €447,299 | €698,888 | +€251,589 | +56.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €148,602 | €371,735 | +€223,133 | +150.2% |
| Distributable reserves | 133 | €292,496 | €320,952 | +€28,456 | +9.7% |
| Provisions and deferred taxes | 16 | €53,882 | €126,811 | +€72,928 | +135.3% |
| Deferred taxes | 168 | €53,882 | €126,811 | +€72,928 | +135.3% |
| Amounts payable | 17/49 | €252,934 | €671,929 | +€418,995 | +165.7% |
| Amounts payable after more than one year | 17 | €200,335 | €651,805 | +€451,470 | +225.4% |
| Financial debts | 170/4 | €200,335 | €651,805 | +€451,470 | +225.4% |
| Amounts payable within one year | 42/48 | €52,599 | €20,124 | -€32,475 | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €10,732 | €10,743 | +€11 | +0.1% |
| Taxes, remuneration and social security | 45 | €13,295 | €7,930 | -€5,365 | -40.4% |
| Taxes | 450/3 | €13,295 | €7,930 | -€5,365 | -40.4% |
| Other amounts payable | 47/48 | €28,571 | €1,450 | -€27,121 | -94.9% |
| Non-recurring operating income | 76A | - | €19,223 | +€19,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,330 | €30,481 | -€8,850 | -22.5% |
| Other operating charges | 640/8 | €35,927 | €36,384 | +€456 | +1.3% |
| Gross operating margin | 9900 | €117,754 | €123,228 | +€5,474 | +4.6% |
| Operating profit (loss) | 9901 | €42,497 | €56,364 | +€13,868 | +32.6% |
| Financial income | 75/76B | €419 | €50 | -€368 | -88.0% |
| Recurring financial income | 75 | €419 | €50 | -€368 | -88.0% |
| Financial charges | 65/66B | €7,872 | €26,616 | +€18,744 | +238.1% |
| Recurring financial charges | 65 | €7,872 | €26,616 | +€18,744 | +238.1% |
| Profit (loss) for the period before taxes | 9903 | €35,043 | €29,798 | -€5,245 | -15.0% |
| Transfer from deferred taxes | 780 | €4,110 | €4,110 | +€0 | 0.0% |
| Income taxes | 67/77 | €4,109 | €3,434 | -€675 | -16.4% |
| Profit (loss) for the period | 9904 | €35,045 | €30,474 | -€4,570 | -13.0% |
| Transfer from tax-exempt reserves | 789 | €7,982 | €7,982 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,026 | €38,456 | -€4,570 | -10.6% |
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 9 October 2026 via checked.be.