DEVIR: 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.
DEVIR
Largest movements
- Cash -€7,901
down €7,901 (-4.9%), from €161,550 to €153,650
mainly Investment in fixed assets (net) (-€11,300) and Tax, wage and social debts (-€6,867)
- Tangible fixed assets +€5,222
up €5,222 (+44.5%), from €11,731 to €16,953
of which Plant, machinery and equipment: +€10,916
- Receivables within one year -€3,626
no longer reported in 2025 (was €3,626)
- Tax, wage and social debts -€6,867
down €6,867 (-37.2%), from €18,470 to €11,603
of which Taxes: -€4,387
- Reserves -€6,232
down €6,232 (-4.4%), from €141,640 to €135,409
- Debts after one year +€5,634
up €5,634 (+95.7%), from €5,888 to €11,522
- Gross operating margin -€35,127
down €35,127 (-86.4%), from €40,665 to €5,538
- Taxes -€6,417
down €6,417 (-62.6%), from €10,252 to €3,836
- Depreciation +€460
up €460 (+8.2%), from €5,618 to €6,078
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 | €176,967 | €170,662 | -€6,304 | -3.6% |
| Fixed assets | 21/28 | €11,781 | €17,003 | +€5,222 | +44.3% |
| Tangible fixed assets | 22/27 | €11,731 | €16,953 | +€5,222 | +44.5% |
| Plant, machinery and equipment | 23 | - | €10,916 | +€10,916 | |
| Furniture and vehicles | 24 | €11,731 | €6,037 | -€5,694 | -48.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €165,186 | €153,659 | -€11,527 | -7.0% |
| Amounts receivable within one year | 40/41 | €3,626 | - | -€3,626 | |
| Other amounts receivable | 41 | €3,626 | - | -€3,626 | |
| Current investments | 50/53 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €161,550 | €153,650 | -€7,901 | -4.9% |
| Total equity and liabilities | 10/49 | €176,967 | €170,662 | -€6,304 | -3.6% |
| Equity | 10/15 | €147,840 | €141,609 | -€6,232 | -4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,640 | €135,409 | -€6,232 | -4.4% |
| Distributable reserves | 133 | €141,640 | €135,409 | -€6,232 | -4.4% |
| Amounts payable | 17/49 | €29,126 | €29,054 | -€73 | -0.2% |
| Amounts payable after more than one year | 17 | €5,888 | €11,522 | +€5,634 | +95.7% |
| Financial debts | 170/4 | €5,888 | €11,522 | +€5,634 | +95.7% |
| Amounts payable within one year | 42/48 | €23,238 | €17,532 | -€5,706 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €3,438 | €4,838 | +€1,400 | +40.7% |
| Trade debts | 44 | €1,330 | €1,091 | -€239 | -17.9% |
| Suppliers | 440/4 | €1,330 | €1,091 | -€239 | -17.9% |
| Taxes, remuneration and social security | 45 | €18,470 | €11,603 | -€6,867 | -37.2% |
| Taxes | 450/3 | €14,951 | €10,564 | -€4,387 | -29.3% |
| Remuneration and social security | 454/9 | €3,519 | €1,038 | -€2,481 | -70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,618 | €6,078 | +€460 | +8.2% |
| Other operating charges | 640/8 | €994 | €982 | -€12 | -1.2% |
| Gross operating margin | 9900 | €40,665 | €5,538 | -€35,127 | -86.4% |
| Operating profit (loss) | 9901 | €34,053 | -€1,522 | -€35,576 | |
| Financial income | 75/76B | €176 | - | -€176 | |
| Recurring financial income | 75 | €176 | - | -€176 | |
| Financial charges | 65/66B | €999 | €874 | -€125 | -12.6% |
| Recurring financial charges | 65 | €999 | €874 | -€125 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €33,229 | -€2,396 | -€35,626 | |
| Income taxes | 67/77 | €10,252 | €3,836 | -€6,417 | -62.6% |
| Profit (loss) for the period | 9904 | €22,977 | -€6,232 | -€29,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,977 | -€6,232 | -€29,209 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.