DevInvest: 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.
DevInvest
Largest movements
- Current investments +€284,877
up €284,877 (+45.9%), from €619,998 to €904,875
- Cash -€271,290
down €271,290 (-41.0%), from €660,917 to €389,627
mainly Current investments (-€284,877) and Investment in fixed assets (net) (-€236,403)
- Tangible fixed assets +€120,110
up €120,110 (+9.4%), from €1.3m to €1.4m
of which Land and buildings: +€118,225
- Receivables within one year -€38,487
down €38,487 (-46.1%), from €83,464 to €44,977
of which Trade receivables: -€24,907
- Reserves +€128,765
up €128,765 (+11.5%), from €1.1m to €1.3m
of which Distributable reserves: +€65,615
- Trade debts -€47,728
down €47,728 (-20.1%), from €237,237 to €189,509
- Debts after one year -€41,329
down €41,329 (-6.3%), from €657,417 to €616,088
- Depreciation +€67,273
up €67,273 (+137.2%), from €49,019 to €116,292
- Gross operating margin -€45,880
down €45,880 (-8.9%), from €515,492 to €469,613
- Staff costs +€42,195
up €42,195 (+26.3%), from €160,730 to €202,924
- Financial income +€14,321
up €14,321 (+50.6%), from €28,296 to €42,617
- Taxes +€10,198
up €10,198 (+84.6%), from €12,057 to €22,255
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.
Cash bridge derived
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 | €2,654,779 | €2,750,177 | +€95,398 | +3.6% |
| Fixed assets | 21/28 | €1,290,399 | €1,410,510 | +€120,110 | +9.3% |
| Tangible fixed assets | 22/27 | €1,281,829 | €1,401,940 | +€120,110 | +9.4% |
| Land and buildings | 22 | €1,015,496 | €1,133,722 | +€118,225 | +11.6% |
| Plant, machinery and equipment | 23 | €7,385 | €15,214 | +€7,829 | +106.0% |
| Furniture and vehicles | 24 | €258,948 | €253,004 | -€5,944 | -2.3% |
| Financial fixed assets | 28 | €8,570 | €8,570 | = | 0.0% |
| Current assets | 29/58 | €1,364,380 | €1,339,668 | -€24,712 | -1.8% |
| Amounts receivable within one year | 40/41 | €83,464 | €44,977 | -€38,487 | -46.1% |
| Trade receivables | 40 | €66,157 | €41,250 | -€24,907 | -37.6% |
| Other amounts receivable | 41 | €17,307 | €3,727 | -€13,580 | -78.5% |
| Current investments | 50/53 | €619,998 | €904,875 | +€284,877 | +45.9% |
| Cash at bank and in hand | 54/58 | €660,917 | €389,627 | -€271,290 | -41.0% |
| Deferred charges and accrued income | 490/1 | - | €188 | +€188 | |
| Total equity and liabilities | 10/49 | €2,654,779 | €2,750,177 | +€95,398 | +3.6% |
| Equity | 10/15 | €1,121,999 | €1,250,763 | +€128,765 | +11.5% |
| Reserves | 13 | €1,121,999 | €1,250,763 | +€128,765 | +11.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €189,450 | +€63,150 | +50.0% |
| Distributable reserves | 133 | €993,839 | €1,059,453 | +€65,615 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €9,396 | €9,396 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,396 | €9,396 | = | 0.0% |
| Pensions and similar obligations | 160 | €9,396 | €9,396 | = | 0.0% |
| Amounts payable | 17/49 | €1,523,384 | €1,490,018 | -€33,366 | -2.2% |
| Amounts payable after more than one year | 17 | €657,417 | €616,088 | -€41,329 | -6.3% |
| Financial debts | 170/4 | €657,417 | €616,088 | -€41,329 | -6.3% |
| Amounts payable within one year | 42/48 | €865,317 | €854,098 | -€11,219 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €40,203 | €41,329 | +€1,126 | +2.8% |
| Financial debts | 43 | €2,028 | €0 | -€2,028 | -100.0% |
| Credit institutions | 430/8 | €2,028 | €0 | -€2,028 | -100.0% |
| Trade debts | 44 | €237,237 | €189,509 | -€47,728 | -20.1% |
| Suppliers | 440/4 | €237,237 | €189,509 | -€47,728 | -20.1% |
| Taxes, remuneration and social security | 45 | €78,922 | €105,536 | +€26,614 | +33.7% |
| Taxes | 450/3 | €51,347 | €67,101 | +€15,755 | +30.7% |
| Remuneration and social security | 454/9 | €27,575 | €38,435 | +€10,860 | +39.4% |
| Other amounts payable | 47/48 | €506,927 | €517,724 | +€10,797 | +2.1% |
| Accrued charges and deferred income | 492/3 | €650 | €19,832 | +€19,182 | +2951.0% |
| Remuneration, social security and pensions | 62 | €160,730 | €202,924 | +€42,195 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,019 | €116,292 | +€67,273 | +137.2% |
| Other operating charges | 640/8 | €9,050 | €7,111 | -€1,939 | -21.4% |
| Gross operating margin | 9900 | €515,492 | €469,613 | -€45,880 | -8.9% |
| Operating profit (loss) | 9901 | €296,693 | €143,285 | -€153,409 | -51.7% |
| Financial income | 75/76B | €28,296 | €42,617 | +€14,321 | +50.6% |
| Recurring financial income | 75 | €28,296 | €42,617 | +€14,321 | +50.6% |
| Financial charges | 65/66B | €34,737 | €34,882 | +€145 | +0.4% |
| Recurring financial charges | 65 | €34,737 | €34,882 | +€145 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €290,252 | €151,020 | -€139,232 | -48.0% |
| Income taxes | 67/77 | €12,057 | €22,255 | +€10,198 | +84.6% |
| Profit (loss) for the period | 9904 | €278,195 | €128,765 | -€149,431 | -53.7% |
| Transfer from tax-exempt reserves | 789 | €53,400 | €0 | -€53,400 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €0 | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €331,595 | €65,615 | -€265,981 | -80.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.