Devl’Up: 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.
Devl’Up
Largest movements
- Cash -€188,964
down €188,964 (-81.4%), from €232,212 to €43,248
mainly Contributions, distributions and other (-€375,979) and Investment in fixed assets (net) (-€4,904)
- Receivables within one year -€25,975
down €25,975 (-38.3%), from €67,875 to €41,900
of which Other amounts receivable: -€29,205
- Profit (loss) carried forward -€293,511
down €293,511 (-97.4%), from €301,356 to €7,846
- Other debts +€82,468
new in 2025: €82,468
- Current portion of long-term debt -€3,162
no longer reported in 2025 (was €3,162)
- Gross operating margin -€63,326
down €63,326 (-36.2%), from €175,168 to €111,842
- Taxes -€15,101
down €15,101 (-39.2%), from €38,491 to €23,391
- Depreciation -€4,538
down €4,538 (-44.3%), from €10,252 to €5,714
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 | €311,932 | €96,246 | -€215,686 | -69.1% |
| Fixed assets | 21/28 | €6,901 | €6,090 | -€811 | -11.7% |
| Tangible fixed assets | 22/27 | €6,901 | €6,090 | -€811 | -11.7% |
| Furniture and vehicles | 24 | €6,901 | €6,090 | -€811 | -11.7% |
| Current assets | 29/58 | €305,031 | €90,156 | -€214,876 | -70.4% |
| Amounts receivable within one year | 40/41 | €67,875 | €41,900 | -€25,975 | -38.3% |
| Trade receivables | 40 | - | €3,230 | +€3,230 | |
| Other amounts receivable | 41 | €67,875 | €38,670 | -€29,205 | -43.0% |
| Cash at bank and in hand | 54/58 | €232,212 | €43,248 | -€188,964 | -81.4% |
| Deferred charges and accrued income | 490/1 | €4,945 | €5,008 | +€63 | +1.3% |
| Total equity and liabilities | 10/49 | €311,932 | €96,246 | -€215,686 | -69.1% |
| Equity | 10/15 | €305,356 | €11,846 | -€293,511 | -96.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €301,356 | €7,846 | -€293,511 | -97.4% |
| Amounts payable | 17/49 | €6,576 | €84,400 | +€77,825 | +1183.5% |
| Amounts payable within one year | 42/48 | €6,576 | €84,400 | +€77,825 | +1183.5% |
| Current portion of amounts payable after more than one year | 42 | €3,162 | - | -€3,162 | |
| Trade debts | 44 | €98 | €71 | -€27 | -27.5% |
| Suppliers | 440/4 | €98 | €71 | -€27 | -27.5% |
| Taxes, remuneration and social security | 45 | €3,315 | €1,861 | -€1,455 | -43.9% |
| Taxes | 450/3 | €3,315 | €1,861 | -€1,455 | -43.9% |
| Other amounts payable | 47/48 | - | €82,468 | +€82,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,252 | €5,714 | -€4,538 | -44.3% |
| Other operating charges | 640/8 | €1,347 | €2,534 | +€1,186 | +88.1% |
| Gross operating margin | 9900 | €175,168 | €111,842 | -€63,326 | -36.2% |
| Operating profit (loss) | 9901 | €163,568 | €103,594 | -€59,974 | -36.7% |
| Financial income | 75/76B | €3,392 | €2,532 | -€860 | -25.3% |
| Recurring financial income | 75 | €3,392 | €2,532 | -€860 | -25.3% |
| Financial charges | 65/66B | €304 | €268 | -€36 | -11.9% |
| Recurring financial charges | 65 | €304 | €268 | -€36 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €166,657 | €105,859 | -€60,798 | -36.5% |
| Income taxes | 67/77 | €38,491 | €23,391 | -€15,101 | -39.2% |
| Profit (loss) for the period | 9904 | €128,165 | €82,468 | -€45,697 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €128,165 | €82,468 | -€45,697 | -35.7% |
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 6 October 2026 via checked.be.