DEVIMUL: 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.
DEVIMUL
Largest movements
- Cash -€26,933
down €26,933 (-5.6%), from €479,409 to €452,476
mainly Other debts (-€46,666) and Investment in fixed assets (net) (-€12,774)
- Receivables within one year -€21,635
down €21,635 (-71.6%), from €30,237 to €8,602
of which Trade receivables: -€21,535
- Other debts -€46,666
down €46,666 (-38.9%), from €120,016 to €73,350
- Trade debts +€12,235
up €12,235 (+4,559%), from €268 to €12,503
- Tax, wage and social debts -€6,570
down €6,570 (-57.2%), from €11,484 to €4,914
of which Taxes: -€6,618
- Gross operating margin -€19,772
down €19,772 (-27.8%), from €71,092 to €51,320
- Financial income -€10,019
down €10,019 (-100.0%), from €10,019 to €0
- Taxes -€9,650
down €9,650 (-80.9%), from €11,934 to €2,284
- Staff costs +€2,543
up €2,543 (+7.9%), from €32,051 to €34,594
- Financial charges -€1,649
down €1,649 (-20.4%), from €8,075 to €6,426
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 | €576,048 | €531,290 | -€44,758 | -7.8% |
| Fixed assets | 21/28 | €66,402 | €69,939 | +€3,537 | +5.3% |
| Tangible fixed assets | 22/27 | €66,402 | €69,939 | +€3,537 | +5.3% |
| Land and buildings | 22 | €30,000 | €30,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,245 | €1,135 | -€110 | -8.8% |
| Furniture and vehicles | 24 | €35,157 | €38,804 | +€3,647 | +10.4% |
| Current assets | 29/58 | €509,646 | €461,351 | -€48,295 | -9.5% |
| Amounts receivable within one year | 40/41 | €30,237 | €8,602 | -€21,635 | -71.6% |
| Trade receivables | 40 | €27,271 | €5,736 | -€21,535 | -79.0% |
| Other amounts receivable | 41 | €2,966 | €2,865 | -€100 | -3.4% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €479,409 | €452,476 | -€26,933 | -5.6% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €576,048 | €531,290 | -€44,758 | -7.8% |
| Equity | 10/15 | €440,022 | €436,826 | -€3,196 | -0.7% |
| Contributions | 10/11 | €6,605 | €6,605 | = | 0.0% |
| Reserves | 13 | €330,524 | €330,524 | = | 0.0% |
| Distributable reserves | 133 | €330,524 | €330,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,893 | €99,697 | -€3,196 | -3.1% |
| Amounts payable | 17/49 | €136,026 | €94,464 | -€41,563 | -30.6% |
| Amounts payable within one year | 42/48 | €131,768 | €90,767 | -€41,001 | -31.1% |
| Trade debts | 44 | €268 | €12,503 | +€12,235 | +4,559% |
| Suppliers | 440/4 | €268 | €12,503 | +€12,235 | +4,559% |
| Taxes, remuneration and social security | 45 | €11,484 | €4,914 | -€6,570 | -57.2% |
| Taxes | 450/3 | €8,203 | €1,584 | -€6,618 | -80.7% |
| Remuneration and social security | 454/9 | €3,282 | €3,330 | +€49 | +1.5% |
| Other amounts payable | 47/48 | €120,016 | €73,350 | -€46,666 | -38.9% |
| Accrued charges and deferred income | 492/3 | €4,258 | €3,696 | -€562 | -13.2% |
| Non-recurring operating income | 76A | €5,372 | €0 | -€5,372 | -100% |
| Remuneration, social security and pensions | 62 | €32,051 | €34,594 | +€2,543 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,903 | €9,237 | +€334 | +3.7% |
| Other operating charges | 640/8 | €2,158 | €1,974 | -€184 | -8.5% |
| Gross operating margin | 9900 | €71,092 | €51,320 | -€19,772 | -27.8% |
| Operating profit (loss) | 9901 | €27,980 | €5,515 | -€22,465 | -80.3% |
| Financial income | 75/76B | €10,019 | €0 | -€10,019 | -100.0% |
| Recurring financial income | 75 | €10,019 | €0 | -€10,019 | -100.0% |
| Financial charges | 65/66B | €8,075 | €6,426 | -€1,649 | -20.4% |
| Recurring financial charges | 65 | €8,075 | €6,426 | -€1,649 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €29,923 | -€911 | -€30,834 | |
| Income taxes | 67/77 | €11,934 | €2,284 | -€9,650 | -80.9% |
| Profit (loss) for the period | 9904 | €17,989 | -€3,196 | -€21,185 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,989 | -€3,196 | -€21,185 |
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 16 October 2026 via checked.be.