Devinity: what changed
Two fiscal 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.
Devinity
Largest movements
- Intangible fixed assets -€120,958
down €120,958 (-10.8%), from €1.1m to €1.0m
- Deferred charges and accrued income +€44,468
up €44,468 (+211.5%), from €21,021 to €65,489
- Receivables within one year +€41,721
up €41,721 (+37.0%), from €112,626 to €154,347
of which Trade receivables: +€34,934
- Cash -€41,667
down €41,667 (-30.3%), from €137,537 to €95,870
mainly Net result for the year (-€354,388) and Investment in fixed assets (net) (-€171,425)
- Profit (loss) carried forward -€354,388
down €354,388 (-48.2%), from -€735,700 to -€1.1m
- Debts after one year +€280,000
up €280,000 (+524.9%), from €53,339 to €333,339
- Trade debts -€36,636
down €36,636 (-10.2%), from €360,417 to €323,782
- Tax, wage and social debts +€27,327
up €27,327 (+54.7%), from €49,975 to €77,302
of which Taxes: +€22,372
- Other debts -€15,999
down €15,999 (-0.9%), from €1.7m to €1.7m
- Gross operating margin +€237,372
up €237,372 (+933.3%), from €25,433 to €262,805
- Depreciation +€54,392
up €54,392 (+21.8%), from €249,556 to €303,948
- Financial charges -€2,639
down €2,639 (-35.0%), from €7,540 to €4,901
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,448,520 | €1,360,520 | -€88,000 | -6.1% |
| Fixed assets | 21/28 | €1,177,337 | €1,044,814 | -€132,523 | -11.3% |
| Intangible fixed assets | 21 | €1,121,367 | €1,000,409 | -€120,958 | -10.8% |
| Tangible fixed assets | 22/27 | €55,970 | €44,405 | -€11,565 | -20.7% |
| Plant, machinery and equipment | 23 | €54,837 | €37,141 | -€17,696 | -32.3% |
| Furniture and vehicles | 24 | €1,133 | €7,264 | +€6,131 | +541.0% |
| Current assets | 29/58 | €271,183 | €315,706 | +€44,522 | +16.4% |
| Amounts receivable within one year | 40/41 | €112,626 | €154,347 | +€41,721 | +37.0% |
| Trade receivables | 40 | €112,247 | €147,180 | +€34,934 | +31.1% |
| Other amounts receivable | 41 | €379 | €7,166 | +€6,787 | +1789.7% |
| Cash at bank and in hand | 54/58 | €137,537 | €95,870 | -€41,667 | -30.3% |
| Deferred charges and accrued income | 490/1 | €21,021 | €65,489 | +€44,468 | +211.5% |
| Total equity and liabilities | 10/49 | €1,448,520 | €1,360,520 | -€88,000 | -6.1% |
| Equity | 10/15 | -€715,700 | -€1,070,088 | -€354,388 | -49.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€735,700 | -€1,090,088 | -€354,388 | -48.2% |
| Amounts payable | 17/49 | €2,164,220 | €2,430,608 | +€266,387 | +12.3% |
| Amounts payable after more than one year | 17 | €53,339 | €333,339 | +€280,000 | +524.9% |
| Financial debts | 170/4 | €53,339 | €333,339 | +€280,000 | +524.9% |
| Amounts payable within one year | 42/48 | €2,110,881 | €2,085,573 | -€25,308 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €360,417 | €323,782 | -€36,636 | -10.2% |
| Suppliers | 440/4 | €360,417 | €323,782 | -€36,636 | -10.2% |
| Taxes, remuneration and social security | 45 | €49,975 | €77,302 | +€27,327 | +54.7% |
| Taxes | 450/3 | €11,856 | €34,228 | +€22,372 | +188.7% |
| Remuneration and social security | 454/9 | €38,118 | €43,074 | +€4,956 | +13.0% |
| Other amounts payable | 47/48 | €1,700,489 | €1,684,490 | -€15,999 | -0.9% |
| Accrued charges and deferred income | 492/3 | €0 | €11,695 | +€11,695 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €308,922 | €306,665 | -€2,257 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249,556 | €303,948 | +€54,392 | +21.8% |
| Other operating charges | 640/8 | €1,122 | €702 | -€419 | -37.4% |
| Non-recurring operating charges | 66A | €149 | €149 | = | 0.0% |
| Gross operating margin | 9900 | €25,433 | €262,805 | +€237,372 | +933.3% |
| Operating profit (loss) | 9901 | -€534,315 | -€348,659 | +€185,656 | +34.7% |
| Financial income | 75/76B | €0 | €9 | +€9 | |
| Recurring financial income | 75 | €0 | €9 | +€9 | |
| Financial charges | 65/66B | €7,540 | €4,901 | -€2,639 | -35.0% |
| Recurring financial charges | 65 | €7,540 | €4,901 | -€2,639 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | -€541,855 | -€353,551 | +€188,304 | +34.8% |
| Income taxes | 67/77 | €1,621 | €837 | -€784 | -48.4% |
| Profit (loss) for the period | 9904 | -€543,476 | -€354,388 | +€189,088 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€543,476 | -€354,388 | +€189,088 | +34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.