Device Invest: 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.
Device Invest
Largest movements
- Tangible fixed assets +€167,186
up €167,186 (+37.0%), from €452,086 to €619,272
of which Land and buildings: +€156,334
- Receivables within one year -€37,367
down €37,367 (-28.7%), from €130,164 to €92,797
of which Trade receivables: -€93,192
- Debts after one year +€233,122
up €233,122 (+81.5%), from €285,886 to €519,008
- Trade debts -€118,258
down €118,258 (-99.7%), from €118,665 to €407
- Current portion of long-term debt +€9,711
up €9,711 (+60.9%), from €15,941 to €25,652
- Gross operating margin -€57,293
down €57,293 (-54.9%), from €104,385 to €47,091
- Depreciation -€28,670
down €28,670 (-66.7%), from €43,012 to €14,341
- Taxes -€10,314
down €10,314 (-79.0%), from €13,058 to €2,744
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 | €604,380 | €728,355 | +€123,975 | +20.5% |
| Fixed assets | 21/28 | €452,586 | €619,772 | +€167,186 | +36.9% |
| Tangible fixed assets | 22/27 | €452,086 | €619,272 | +€167,186 | +37.0% |
| Land and buildings | 22 | €310,846 | €467,180 | +€156,334 | +50.3% |
| Plant, machinery and equipment | 23 | €15,608 | €10,449 | -€5,159 | -33.1% |
| Furniture and vehicles | 24 | €125,633 | €141,643 | +€16,011 | +12.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €151,794 | €108,583 | -€43,211 | -28.5% |
| Amounts receivable within one year | 40/41 | €130,164 | €92,797 | -€37,367 | -28.7% |
| Trade receivables | 40 | €118,780 | €25,588 | -€93,192 | -78.5% |
| Other amounts receivable | 41 | €11,384 | €67,209 | +€55,825 | +490% |
| Cash at bank and in hand | 54/58 | €21,630 | €15,785 | -€5,845 | -27.0% |
| Total equity and liabilities | 10/49 | €604,380 | €728,355 | +€123,975 | +20.5% |
| Equity | 10/15 | €180,943 | €183,288 | +€2,345 | +1.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,943 | €163,288 | +€2,345 | +1.5% |
| Amounts payable | 17/49 | €423,437 | €545,067 | +€121,629 | +28.7% |
| Amounts payable after more than one year | 17 | €285,886 | €519,008 | +€233,122 | +81.5% |
| Financial debts | 170/4 | €285,886 | €519,008 | +€233,122 | +81.5% |
| Amounts payable within one year | 42/48 | €134,606 | €26,059 | -€108,547 | -80.6% |
| Current portion of amounts payable after more than one year | 42 | €15,941 | €25,652 | +€9,711 | +60.9% |
| Trade debts | 44 | €118,665 | €407 | -€118,258 | -99.7% |
| Suppliers | 440/4 | €118,665 | €407 | -€118,258 | -99.7% |
| Accrued charges and deferred income | 492/3 | €2,946 | - | -€2,946 | |
| Non-recurring operating income | 76A | - | €21,051 | +€21,051 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,012 | €14,341 | -€28,670 | -66.7% |
| Other operating charges | 640/8 | €3,867 | €3,817 | -€51 | -1.3% |
| Non-recurring operating charges | 66A | - | €3,145 | +€3,145 | |
| Gross operating margin | 9900 | €104,385 | €47,091 | -€57,293 | -54.9% |
| Operating profit (loss) | 9901 | €57,506 | €25,788 | -€31,717 | -55.2% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €20,807 | €20,705 | -€101 | -0.5% |
| Recurring financial charges | 65 | €20,807 | €18,726 | -€2,080 | -10.0% |
| Non-recurring financial charges | 66B | - | €1,979 | +€1,979 | |
| Profit (loss) for the period before taxes | 9903 | €36,699 | €5,090 | -€31,609 | -86.1% |
| Income taxes | 67/77 | €13,058 | €2,744 | -€10,314 | -79.0% |
| Profit (loss) for the period | 9904 | €23,641 | €2,345 | -€21,296 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,641 | €2,345 | -€21,296 | -90.1% |
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 17 October 2026 via checked.be.