DEVISA GROUP: 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.
DEVISA GROUP
Largest movements
- Cash -€44,284
down €44,284 (-54.9%), from €80,730 to €36,446
mainly Investment in fixed assets (net) (-€54,000) and Debts after one year (-€39,191)
- Tangible fixed assets +€16,609
up €16,609 (+1.6%), from €1.1m to €1.1m
of which Land and buildings: +€19,995
- Debts after one year -€39,191
down €39,191 (-5.8%), from €674,311 to €635,120
- Reserves +€29,455
up €29,455 (+7.5%), from €390,917 to €420,372
- Tax, wage and social debts -€21,870
down €21,870 (-37.2%), from €58,749 to €36,879
of which Taxes: -€19,717
- Staff costs +€11,571
up €11,571 (+12.2%), from €94,536 to €106,107
- Gross operating margin -€9,209
down €9,209 (-4.3%), from €214,453 to €205,244
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 | €1,267,981 | €1,240,688 | -€27,293 | -2.2% |
| Fixed assets | 21/28 | €1,053,264 | €1,069,872 | +€16,609 | +1.6% |
| Tangible fixed assets | 22/27 | €1,053,264 | €1,069,872 | +€16,609 | +1.6% |
| Land and buildings | 22 | €1,042,970 | €1,062,965 | +€19,995 | +1.9% |
| Plant, machinery and equipment | 23 | €5,588 | €3,204 | -€2,384 | -42.7% |
| Furniture and vehicles | 24 | €4,681 | €3,443 | -€1,238 | -26.5% |
| Other tangible fixed assets | 26 | €25 | €260 | +€235 | +937.3% |
| Current assets | 29/58 | €214,718 | €170,816 | -€43,902 | -20.4% |
| Amounts receivable within one year | 40/41 | €58,045 | €65,797 | +€7,752 | +13.4% |
| Trade receivables | 40 | €26,120 | €26,159 | +€40 | +0.2% |
| Other amounts receivable | 41 | €31,925 | €39,638 | +€7,713 | +24.2% |
| Cash at bank and in hand | 54/58 | €80,730 | €36,446 | -€44,284 | -54.9% |
| Deferred charges and accrued income | 490/1 | €75,943 | €68,572 | -€7,371 | -9.7% |
| Total equity and liabilities | 10/49 | €1,267,981 | €1,240,688 | -€27,293 | -2.2% |
| Equity | 10/15 | €409,517 | €438,972 | +€29,455 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €390,917 | €420,372 | +€29,455 | +7.5% |
| Distributable reserves | 133 | €390,917 | €420,372 | +€29,455 | +7.5% |
| Amounts payable | 17/49 | €858,465 | €801,716 | -€56,748 | -6.6% |
| Amounts payable after more than one year | 17 | €674,311 | €635,120 | -€39,191 | -5.8% |
| Financial debts | 170/4 | €674,311 | €635,120 | -€39,191 | -5.8% |
| Amounts payable within one year | 42/48 | €183,333 | €166,274 | -€17,059 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €58,979 | €59,191 | +€212 | +0.4% |
| Trade debts | 44 | €51,741 | €46,592 | -€5,149 | -10.0% |
| Suppliers | 440/4 | €51,741 | €46,592 | -€5,149 | -10.0% |
| Advances received on contracts in progress | 46 | €1,531 | €2,000 | +€469 | +30.7% |
| Taxes, remuneration and social security | 45 | €58,749 | €36,879 | -€21,870 | -37.2% |
| Taxes | 450/3 | €36,012 | €16,294 | -€19,717 | -54.8% |
| Remuneration and social security | 454/9 | €22,737 | €20,585 | -€2,152 | -9.5% |
| Other amounts payable | 47/48 | €12,333 | €21,611 | +€9,278 | +75.2% |
| Accrued charges and deferred income | 492/3 | €821 | €323 | -€498 | -60.7% |
| Non-recurring operating income | 76A | - | €24,886 | +€24,886 | |
| Remuneration, social security and pensions | 62 | €94,536 | €106,107 | +€11,571 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,453 | €37,391 | -€61 | -0.2% |
| Other operating charges | 640/8 | €7,887 | €6,488 | -€1,399 | -17.7% |
| Gross operating margin | 9900 | €214,453 | €205,244 | -€9,209 | -4.3% |
| Operating profit (loss) | 9901 | €74,578 | €55,258 | -€19,319 | -25.9% |
| Financial income | 75/76B | €1,550 | €1,066 | -€484 | -31.2% |
| Recurring financial income | 75 | €1,550 | €1,066 | -€484 | -31.2% |
| Financial charges | 65/66B | €15,081 | €13,626 | -€1,455 | -9.6% |
| Recurring financial charges | 65 | €14,979 | €13,069 | -€1,910 | -12.7% |
| Non-recurring financial charges | 66B | €101 | €556 | +€455 | +448.4% |
| Profit (loss) for the period before taxes | 9903 | €61,048 | €42,698 | -€18,349 | -30.1% |
| Income taxes | 67/77 | €14,445 | €13,243 | -€1,202 | -8.3% |
| Profit (loss) for the period | 9904 | €46,602 | €29,455 | -€17,147 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,602 | €29,455 | -€17,147 | -36.8% |
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 9 October 2026 via checked.be.