DEVIRCO: 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.
What changed
DEVIRCO
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6,704
2024 · €166,015-€159,311
Equity
€1.0m
2024 · €1.0m+€5,989
Cash
€254,843
2024 · €138,543+€116,300
Balance sheet total
€2.3m
2024 · €2.4m-€60,272
Largest movements
Assets
- Tangible fixed assets -€233,527
down €233,527 (-13.1%), from €1.8m to €1.5m
of which Land and buildings: -€212,888
- Cash +€116,300
up €116,300 (+83.9%), from €138,543 to €254,843
mainly Depreciation (+€237,234) and Accrued charges and deferred income (+€22,543)
- Receivables within one year +€56,692
up €56,692 (+19.6%), from €289,436 to €346,128
Equity and liabilities
- Tax, wage and social debts -€75,014
down €75,014 (-46.7%), from €160,594 to €85,580
Income statement
- Gross operating margin -€235,656
down €235,656 (-37.7%), from €624,275 to €388,619
- Taxes -€93,050
down €93,050 (-68.0%), from €136,842 to €43,792
- Financial charges +€18,611
up €18,611 (+30.0%), from €62,008 to €80,620
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.
Result 2024
€166,015
Gross operating margin
-€235,656
Depreciation
+€1,131
Other operating charges
+€3,055
Financial income
-€2,280
Financial charges
-€18,611
Taxes
+€93,050
Result 2025
€6,704
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.
From operations
+€134,402
Investment
-€3,707
Financing
-€14,396
Cash 2024
€138,543
From operations (derived)
+€134,402
Net result for the year
+€6,704
Depreciation
+€237,234
Receivables within one year
-€56,692
Deferred charges and accrued income
-€264
Trade debts
+€1,695
Tax, wage and social debts
-€75,014
Other debts
-€1,804
Accrued charges and deferred income
+€22,543
Investment (derived)
-€3,707
Investment in fixed assets (net)
-€3,707
Financing
-€14,396
Debts after one year
-€13,827
Current portion of long-term debt
+€146
Contributions, distributions and other
-€715
Cash 2025
€254,843
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,409,415 | €2,349,144 | -€60,272 | -2.5% |
| Fixed assets | 21/28 | €1,976,179 | €1,742,652 | -€233,527 | -11.8% |
| Tangible fixed assets | 22/27 | €1,777,459 | €1,543,932 | -€233,527 | -13.1% |
| Land and buildings | 22 | €1,698,178 | €1,485,290 | -€212,888 | -12.5% |
| Plant, machinery and equipment | 23 | €871 | €392 | -€479 | -55.0% |
| Furniture and vehicles | 24 | €78,411 | €58,250 | -€20,161 | -25.7% |
| Financial fixed assets | 28 | €198,720 | €198,720 | = | 0.0% |
| Current assets | 29/58 | €433,236 | €606,492 | +€173,256 | +40.0% |
| Amounts receivable within one year | 40/41 | €289,436 | €346,128 | +€56,692 | +19.6% |
| Trade receivables | 40 | €289,436 | €346,128 | +€56,692 | +19.6% |
| Cash at bank and in hand | 54/58 | €138,543 | €254,843 | +€116,300 | +83.9% |
| Deferred charges and accrued income | 490/1 | €5,257 | €5,521 | +€264 | +5.0% |
| Total equity and liabilities | 10/49 | €2,409,415 | €2,349,144 | -€60,272 | -2.5% |
| Equity | 10/15 | €1,021,135 | €1,027,124 | +€5,989 | +0.6% |
| Contributions | 10/11 | €205,185 | €205,185 | = | 0.0% |
| Reserves | 13 | €660,380 | €667,085 | +€6,704 | +1.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,772 | €16,772 | = | 0.0% |
| Distributable reserves | 133 | €641,749 | €648,453 | +€6,704 | +1.0% |
| Profit (loss) carried forward | 14 | €150,204 | €150,204 | = | 0.0% |
| Investment grants | 15 | €5,365 | €4,650 | -€715 | -13.3% |
| Amounts payable | 17/49 | €1,388,281 | €1,322,019 | -€66,261 | -4.8% |
| Amounts payable after more than one year | 17 | €168,205 | €154,379 | -€13,827 | -8.2% |
| Financial debts | 170/4 | €168,205 | €154,379 | -€13,827 | -8.2% |
| Amounts payable within one year | 42/48 | €1,163,943 | €1,088,966 | -€74,977 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €13,681 | €13,827 | +€146 | +1.1% |
| Trade debts | 44 | €4,116 | €5,811 | +€1,695 | +41.2% |
| Suppliers | 440/4 | €4,116 | €5,811 | +€1,695 | +41.2% |
| Taxes, remuneration and social security | 45 | €160,594 | €85,580 | -€75,014 | -46.7% |
| Taxes | 450/3 | €160,594 | €85,580 | -€75,014 | -46.7% |
| Other amounts payable | 47/48 | €985,552 | €983,748 | -€1,804 | -0.2% |
| Accrued charges and deferred income | 492/3 | €56,133 | €78,675 | +€22,543 | +40.2% |
| Non-recurring operating income | 76A | €34,077 | €0 | -€34,077 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,365 | €237,234 | -€1,131 | -0.5% |
| Other operating charges | 640/8 | €24,675 | €21,619 | -€3,055 | -12.4% |
| Gross operating margin | 9900 | €624,275 | €388,619 | -€235,656 | -37.7% |
| Operating profit (loss) | 9901 | €361,235 | €129,765 | -€231,470 | -64.1% |
| Financial income | 75/76B | €3,631 | €1,351 | -€2,280 | -62.8% |
| Recurring financial income | 75 | €3,631 | €1,351 | -€2,280 | -62.8% |
| Financial charges | 65/66B | €62,008 | €80,620 | +€18,611 | +30.0% |
| Recurring financial charges | 65 | €62,008 | €80,620 | +€18,611 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €302,858 | €50,497 | -€252,361 | -83.3% |
| Income taxes | 67/77 | €136,842 | €43,792 | -€93,050 | -68.0% |
| Profit (loss) for the period | 9904 | €166,015 | €6,704 | -€159,311 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €166,015 | €6,704 | -€159,311 | -96.0% |
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 8 October 2026 via checked.be.