DEVINNO: 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.
DEVINNO
Largest movements
- Intangible fixed assets -€77,477
down €77,477 (-19.0%), from €408,372 to €330,895
- Receivables within one year +€63,686
up €63,686 (+49.2%), from €129,405 to €193,091
of which Trade receivables: +€85,134
- Cash -€18,633
down €18,633 (-31.5%), from €59,135 to €40,502
mainly Net result for the year (-€64,446) and Receivables within one year (-€63,686)
- Trade debts +€84,997
up €84,997 (+306%), from €27,775 to €112,772
- Profit (loss) carried forward -€64,446
down €64,446, from €14,389 to -€50,056
- Current portion of long-term debt -€35,000
down €35,000 (-100%), from €35,000 to €0
- Accrued charges and deferred income -€8,981
down €8,981 (-24.6%), from €36,575 to €27,593
- Tax, wage and social debts -€6,210
down €6,210 (-7.6%), from €81,752 to €75,543
of which Taxes: -€3,608
- Gross operating margin -€47,490
down €47,490 (-10.8%), from €437,996 to €390,506
- Depreciation +€10,643
up €10,643 (+10.9%), from €97,459 to €108,102
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 | €616,166 | €586,527 | -€29,639 | -4.8% |
| Fixed assets | 21/28 | €415,027 | €337,044 | -€77,984 | -18.8% |
| Intangible fixed assets | 21 | €408,372 | €330,895 | -€77,477 | -19.0% |
| Tangible fixed assets | 22/27 | €6,656 | €6,149 | -€507 | -7.6% |
| Furniture and vehicles | 24 | €6,656 | €6,149 | -€507 | -7.6% |
| Current assets | 29/58 | €201,139 | €249,483 | +€48,344 | +24.0% |
| Amounts receivable within one year | 40/41 | €129,405 | €193,091 | +€63,686 | +49.2% |
| Trade receivables | 40 | €103,488 | €188,622 | +€85,134 | +82.3% |
| Other amounts receivable | 41 | €25,917 | €4,469 | -€21,448 | -82.8% |
| Cash at bank and in hand | 54/58 | €59,135 | €40,502 | -€18,633 | -31.5% |
| Deferred charges and accrued income | 490/1 | €12,599 | €15,891 | +€3,291 | +26.1% |
| Total equity and liabilities | 10/49 | €616,166 | €586,527 | -€29,639 | -4.8% |
| Equity | 10/15 | €435,064 | €370,619 | -€64,446 | -14.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €402,125 | €402,125 | = | 0.0% |
| Distributable reserves | 133 | €402,125 | €402,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,389 | -€50,056 | -€64,446 | |
| Amounts payable | 17/49 | €181,102 | €215,908 | +€34,806 | +19.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €144,527 | €188,315 | +€43,787 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €0 | -€35,000 | -100% |
| Trade debts | 44 | €27,775 | €112,772 | +€84,997 | +306% |
| Suppliers | 440/4 | €27,775 | €112,772 | +€84,997 | +306% |
| Taxes, remuneration and social security | 45 | €81,752 | €75,543 | -€6,210 | -7.6% |
| Taxes | 450/3 | €13,727 | €10,119 | -€3,608 | -26.3% |
| Remuneration and social security | 454/9 | €68,025 | €65,424 | -€2,601 | -3.8% |
| Accrued charges and deferred income | 492/3 | €36,575 | €27,593 | -€8,981 | -24.6% |
| Remuneration, social security and pensions | 62 | €343,652 | €343,309 | -€343 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,459 | €108,102 | +€10,643 | +10.9% |
| Other operating charges | 640/8 | €2,171 | €2,166 | -€5 | -0.2% |
| Non-recurring operating charges | 66A | - | €633 | +€633 | |
| Gross operating margin | 9900 | €437,996 | €390,506 | -€47,490 | -10.8% |
| Operating profit (loss) | 9901 | -€5,285 | -€63,704 | -€58,418 | -1,105% |
| Financial charges | 65/66B | €748 | €100 | -€648 | -86.6% |
| Recurring financial charges | 65 | €748 | €100 | -€648 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,033 | -€63,804 | -€57,771 | -958% |
| Income taxes | 67/77 | €716 | €642 | -€75 | -10.4% |
| Profit (loss) for the period | 9904 | -€6,749 | -€64,446 | -€57,696 | -855% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,749 | -€64,446 | -€57,696 | -855% |
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 15 October 2026 via checked.be.