DEVIZER: 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.
DEVIZER
Largest movements
- Cash -€160,721
down €160,721 (-65.5%), from €245,206 to €84,485
mainly Contributions, distributions and other (-€235,771) and Debts after one year (-€29,601)
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Tangible fixed assets -€29,856
down €29,856 (-40.5%), from €73,721 to €43,865
of which Leasing and similar rights: -€27,856
- Receivables within one year -€23,784
down €23,784 (-21.0%), from €113,295 to €89,511
of which Other amounts receivable: -€11,907
- Reserves -€215,000
down €215,000 (-51.5%), from €417,610 to €202,609
of which Distributable reserves: -€215,000
- Debts after one year -€29,601
down €29,601 (-82.4%), from €35,928 to €6,327
- Tax, wage and social debts -€13,568
down €13,568 (-64.8%), from €20,928 to €7,360
- Gross operating margin +€22,711
up €22,711 (+48.2%), from €47,124 to €69,835
- Taxes +€5,824
up €5,824 (+94.4%), from €6,171 to €11,995
- Depreciation -€2,156
down €2,156 (-6.7%), from €32,012 to €29,856
- Financial charges -€1,468
down €1,468 (-32.1%), from €4,566 to €3,098
- Other operating charges +€744
up €744 (+22.0%), from €3,377 to €4,122
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 | €534,089 | €271,787 | -€262,303 | -49.1% |
| Fixed assets | 21/28 | €73,721 | €43,865 | -€29,856 | -40.5% |
| Tangible fixed assets | 22/27 | €73,721 | €43,865 | -€29,856 | -40.5% |
| Land and buildings | 22 | €6,706 | €5,890 | -€816 | -12.2% |
| Plant, machinery and equipment | 23 | €153 | - | -€153 | |
| Furniture and vehicles | 24 | €3,345 | €2,313 | -€1,032 | -30.9% |
| Leasing and similar rights | 25 | €63,518 | €35,662 | -€27,856 | -43.9% |
| Current assets | 29/58 | €460,368 | €227,922 | -€232,447 | -50.5% |
| Amounts receivable within one year | 40/41 | €113,295 | €89,511 | -€23,784 | -21.0% |
| Trade receivables | 40 | €62,929 | €51,052 | -€11,877 | -18.9% |
| Other amounts receivable | 41 | €50,365 | €38,459 | -€11,907 | -23.6% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €245,206 | €84,485 | -€160,721 | -65.5% |
| Deferred charges and accrued income | 490/1 | €1,867 | €3,926 | +€2,058 | +110.2% |
| Total equity and liabilities | 10/49 | €534,089 | €271,787 | -€262,303 | -49.1% |
| Equity | 10/15 | €418,110 | €203,109 | -€215,000 | -51.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €417,610 | €202,609 | -€215,000 | -51.5% |
| Tax-exempt reserves | 132 | €6,239 | €6,239 | = | 0.0% |
| Distributable reserves | 133 | €411,371 | €196,370 | -€215,000 | -52.3% |
| Amounts payable | 17/49 | €115,980 | €68,678 | -€47,302 | -40.8% |
| Amounts payable after more than one year | 17 | €35,928 | €6,327 | -€29,601 | -82.4% |
| Financial debts | 170/4 | €35,928 | €6,327 | -€29,601 | -82.4% |
| Amounts payable within one year | 42/48 | €80,051 | €62,350 | -€17,701 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €28,210 | €29,601 | +€1,391 | +4.9% |
| Financial debts | 43 | €467 | €394 | -€73 | -15.7% |
| Credit institutions | 430/8 | €467 | €394 | -€73 | -15.7% |
| Trade debts | 44 | €28,238 | €24,393 | -€3,845 | -13.6% |
| Suppliers | 440/4 | €28,238 | €24,393 | -€3,845 | -13.6% |
| Taxes, remuneration and social security | 45 | €20,928 | €7,360 | -€13,568 | -64.8% |
| Taxes | 450/3 | €20,928 | €7,360 | -€13,568 | -64.8% |
| Other amounts payable | 47/48 | €2,208 | €602 | -€1,606 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,012 | €29,856 | -€2,156 | -6.7% |
| Other operating charges | 640/8 | €3,377 | €4,122 | +€744 | +22.0% |
| Gross operating margin | 9900 | €47,124 | €69,835 | +€22,711 | +48.2% |
| Operating profit (loss) | 9901 | €11,735 | €35,858 | +€24,122 | +205.6% |
| Financial income | 75/76B | €7 | €5 | -€2 | -23.7% |
| Recurring financial income | 75 | €7 | €5 | -€2 | -23.7% |
| Financial charges | 65/66B | €4,566 | €3,098 | -€1,468 | -32.1% |
| Recurring financial charges | 65 | €4,566 | €3,098 | -€1,468 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €7,176 | €32,765 | +€25,589 | +356.6% |
| Income taxes | 67/77 | €6,171 | €11,995 | +€5,824 | +94.4% |
| Profit (loss) for the period | 9904 | €1,005 | €20,770 | +€19,765 | +1966.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,005 | €20,770 | +€19,765 | +1966.2% |
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.