Devico: 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.
Devico
Largest movements
- Receivables within one year +€133,589
up €133,589 (+287%), from €46,492 to €180,082
of which Trade receivables: +€128,588
- Cash -€128,588
down €128,588 (-39.2%), from €328,372 to €199,784
mainly Receivables within one year (-€133,589) and Trade debts (-€13,283)
- Reserves +€19,201
up €19,201 (+4.3%), from €448,057 to €467,258
of which Distributable reserves: +€19,201
- Trade debts -€13,283
down €13,283 (-92.4%), from €14,378 to €1,095
- Other debts -€6,772
down €6,772 (-82.4%), from €8,213 to €1,441
- Gross operating margin +€10,118
up €10,118 (+46.4%), from €21,792 to €31,910
- Taxes +€3,155
up €3,155 (+46.8%), from €6,737 to €9,892
- Depreciation +€378
up €378 (+18.3%), from €2,066 to €2,444
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 | €398,457 | €400,462 | +€2,006 | +0.5% |
| Fixed assets | 21/28 | €11,938 | €10,737 | -€1,200 | -10.1% |
| Tangible fixed assets | 22/27 | €11,938 | €10,737 | -€1,200 | -10.1% |
| Land and buildings | 22 | €6,096 | €5,362 | -€734 | -12.0% |
| Plant, machinery and equipment | 23 | €4,706 | €4,699 | -€7 | -0.1% |
| Furniture and vehicles | 24 | €1,135 | €676 | -€459 | -40.4% |
| Current assets | 29/58 | €386,519 | €389,725 | +€3,206 | +0.8% |
| Stocks and contracts in progress | 3 | €11,655 | €9,859 | -€1,796 | -15.4% |
| Stocks | 30/36 | €11,655 | €9,859 | -€1,796 | -15.4% |
| Amounts receivable within one year | 40/41 | €46,492 | €180,082 | +€133,589 | +287% |
| Trade receivables | 40 | €34,860 | €163,448 | +€128,588 | +369% |
| Other amounts receivable | 41 | €11,632 | €16,633 | +€5,001 | +43.0% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €328,372 | €199,784 | -€128,588 | -39.2% |
| Total equity and liabilities | 10/49 | €398,457 | €400,462 | +€2,006 | +0.5% |
| Equity | 10/15 | €374,605 | €393,807 | +€19,201 | +5.1% |
| 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 | €448,057 | €467,258 | +€19,201 | +4.3% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Legal reserve | 130 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,335 | €2,335 | = | 0.0% |
| Distributable reserves | 133 | €440,764 | €459,965 | +€19,201 | +4.4% |
| Profit (loss) carried forward | 14 | -€134,952 | -€134,952 | = | 0.0% |
| Amounts payable | 17/49 | €23,851 | €6,656 | -€17,196 | -72.1% |
| Amounts payable within one year | 42/48 | €23,851 | €6,656 | -€17,196 | -72.1% |
| Trade debts | 44 | €14,378 | €1,095 | -€13,283 | -92.4% |
| Suppliers | 440/4 | €14,378 | €1,095 | -€13,283 | -92.4% |
| Taxes, remuneration and social security | 45 | €1,260 | €4,119 | +€2,859 | +227% |
| Taxes | 450/3 | €1,260 | €4,119 | +€2,859 | +227% |
| Other amounts payable | 47/48 | €8,213 | €1,441 | -€6,772 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,066 | €2,444 | +€378 | +18.3% |
| Other operating charges | 640/8 | €1,050 | €1,065 | +€15 | +1.4% |
| Gross operating margin | 9900 | €21,792 | €31,910 | +€10,118 | +46.4% |
| Operating profit (loss) | 9901 | €18,676 | €28,401 | +€9,725 | +52.1% |
| Financial income | 75/76B | €1,023 | €1,291 | +€267 | +26.1% |
| Recurring financial income | 75 | €534 | €1,070 | +€536 | +100% |
| Non-recurring financial income | 76B | €490 | €221 | -€269 | -54.9% |
| Financial charges | 65/66B | €323 | €599 | +€276 | +85.3% |
| Recurring financial charges | 65 | €323 | €599 | +€276 | +85.3% |
| Profit (loss) for the period before taxes | 9903 | €19,376 | €29,093 | +€9,717 | +50.1% |
| Income taxes | 67/77 | €6,737 | €9,892 | +€3,155 | +46.8% |
| Profit (loss) for the period | 9904 | €12,639 | €19,201 | +€6,562 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,639 | €19,201 | +€6,562 | +51.9% |
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 29 October 2026 via checked.be.