Devlan: what changed
Two financial 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.
Devlan
Largest movements
- Current investments +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Cash +€17,773
up €17,773 (+18.3%), from €97,009 to €114,782
mainly Net result for the year (+€106,054) and Other debts (+€34,643)
- Tangible fixed assets -€15,288
down €15,288 (-5.9%), from €259,886 to €244,598
of which Land and buildings: -€14,513
- Receivables within one year -€9,748
down €9,748 (-24.3%), from €40,078 to €30,330
of which Trade receivables: -€6,647
- Reserves +€81,204
up €81,204 (+24.3%), from €334,035 to €415,239
of which Distributable reserves: +€81,204
- Other debts +€34,643
up €34,643 (+48.2%), from €71,857 to €106,500
- Debts after one year -€16,250
down €16,250 (-23.1%), from €70,313 to €54,063
- Gross operating margin +€53,567
up €53,567 (+41.9%), from €127,800 to €181,367
- Taxes +€17,430
up €17,430 (+60.7%), from €28,733 to €46,162
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,197 | €691,849 | +€92,652 | +15.5% |
| Fixed assets | 21/28 | €260,366 | €245,078 | -€15,288 | -5.9% |
| Tangible fixed assets | 22/27 | €259,886 | €244,598 | -€15,288 | -5.9% |
| Land and buildings | 22 | €245,385 | €230,872 | -€14,513 | -5.9% |
| Plant, machinery and equipment | 23 | €9,917 | €7,732 | -€2,186 | -22.0% |
| Furniture and vehicles | 24 | €4,584 | €5,995 | +€1,411 | +30.8% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €338,831 | €446,771 | +€107,940 | +31.9% |
| Amounts receivable within one year | 40/41 | €40,078 | €30,330 | -€9,748 | -24.3% |
| Trade receivables | 40 | €31,595 | €24,948 | -€6,647 | -21.0% |
| Other amounts receivable | 41 | €8,483 | €5,383 | -€3,101 | -36.6% |
| Current investments | 50/53 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €97,009 | €114,782 | +€17,773 | +18.3% |
| Deferred charges and accrued income | 490/1 | €1,743 | €1,658 | -€85 | -4.9% |
| Total equity and liabilities | 10/49 | €599,197 | €691,849 | +€92,652 | +15.5% |
| Equity | 10/15 | €390,235 | €471,439 | +€81,204 | +20.8% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €334,035 | €415,239 | +€81,204 | +24.3% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €329,035 | €410,239 | +€81,204 | +24.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €208,962 | €220,410 | +€11,448 | +5.5% |
| Amounts payable after more than one year | 17 | €70,313 | €54,063 | -€16,250 | -23.1% |
| Financial debts | 170/4 | €70,313 | €54,063 | -€16,250 | -23.1% |
| Amounts payable within one year | 42/48 | €134,396 | €163,377 | +€28,981 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €31,250 | €31,250 | = | 0.0% |
| Trade debts | 44 | €6,492 | €1,837 | -€4,655 | -71.7% |
| Suppliers | 440/4 | €6,492 | €1,837 | -€4,655 | -71.7% |
| Taxes, remuneration and social security | 45 | €24,796 | €23,790 | -€1,007 | -4.1% |
| Taxes | 450/3 | €24,796 | €23,790 | -€1,007 | -4.1% |
| Other amounts payable | 47/48 | €71,857 | €106,500 | +€34,643 | +48.2% |
| Accrued charges and deferred income | 492/3 | €4,253 | €2,970 | -€1,283 | -30.2% |
| Non-recurring operating income | 76A | €1,357 | €0 | -€1,357 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,549 | €22,594 | -€955 | -4.1% |
| Other operating charges | 640/8 | €2,630 | €3,016 | +€386 | +14.7% |
| Gross operating margin | 9900 | €127,800 | €181,367 | +€53,567 | +41.9% |
| Operating profit (loss) | 9901 | €101,620 | €155,757 | +€54,137 | +53.3% |
| Financial income | 75/76B | €1,808 | €3,287 | +€1,480 | +81.9% |
| Recurring financial income | 75 | €1,808 | €3,287 | +€1,480 | +81.9% |
| Financial charges | 65/66B | €7,863 | €6,828 | -€1,035 | -13.2% |
| Recurring financial charges | 65 | €7,863 | €6,828 | -€1,035 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €95,565 | €152,216 | +€56,652 | +59.3% |
| Income taxes | 67/77 | €28,733 | €46,162 | +€17,430 | +60.7% |
| Profit (loss) for the period | 9904 | €66,832 | €106,054 | +€39,222 | +58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,832 | €106,054 | +€39,222 | +58.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.