DEVLASELIN: 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.
DEVLASELIN
Largest movements
- Cash -€59,704
down €59,704 (-34.9%), from €170,950 to €111,246
mainly Contributions, distributions and other (-€65,759) and Investment in fixed assets (net) (-€41,000)
- Tangible fixed assets -€34,826
down €34,826 (-7.0%), from €500,573 to €465,747
of which Other tangible fixed assets: -€20,196
- Receivables within one year +€18,902
up €18,902 (+325.7%), from €5,803 to €24,705
of which Other amounts receivable: +€17,639
- Reserves -€44,218
down €44,218 (-22.9%), from €192,692 to €148,474
- Tax, wage and social debts -€30,200
down €30,200 (-47.4%), from €63,658 to €33,457
of which Taxes: -€18,986
- Trade debts -€15,107
down €15,107 (-28.3%), from €53,304 to €38,197
- Gross operating margin -€31,460
down €31,460 (-6.5%), from €482,159 to €450,699
- Taxes -€19,105
down €19,105 (-64.8%), from €29,483 to €10,378
- Staff costs +€9,176
up €9,176 (+2.9%), from €312,407 to €321,583
- Depreciation +€6,884
up €6,884 (+10.1%), from €68,416 to €75,299
- Financial charges +€5,576
up €5,576 (+42.0%), from €13,263 to €18,840
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 | €705,709 | €629,358 | -€76,351 | -10.8% |
| Fixed assets | 21/28 | €503,237 | €468,937 | -€34,300 | -6.8% |
| Tangible fixed assets | 22/27 | €500,573 | €465,747 | -€34,826 | -7.0% |
| Plant, machinery and equipment | 23 | €55,947 | €46,322 | -€9,624 | -17.2% |
| Furniture and vehicles | 24 | €62,509 | €57,503 | -€5,006 | -8.0% |
| Other tangible fixed assets | 26 | €382,117 | €361,921 | -€20,196 | -5.3% |
| Financial fixed assets | 28 | €2,664 | €3,190 | +€527 | +19.8% |
| Current assets | 29/58 | €202,472 | €160,420 | -€42,051 | -20.8% |
| Stocks and contracts in progress | 3 | €16,158 | €16,158 | = | 0.0% |
| Stocks | 30/36 | €16,158 | €16,158 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,803 | €24,705 | +€18,902 | +325.7% |
| Trade receivables | 40 | €5,803 | €7,066 | +€1,262 | +21.8% |
| Other amounts receivable | 41 | - | €17,639 | +€17,639 | |
| Cash at bank and in hand | 54/58 | €170,950 | €111,246 | -€59,704 | -34.9% |
| Deferred charges and accrued income | 490/1 | €9,560 | €8,312 | -€1,249 | -13.1% |
| Total equity and liabilities | 10/49 | €705,709 | €629,358 | -€76,351 | -10.8% |
| Equity | 10/15 | €193,692 | €149,474 | -€44,218 | -22.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €192,692 | €148,474 | -€44,218 | -22.9% |
| Distributable reserves | 133 | €192,692 | €148,474 | -€44,218 | -22.9% |
| Amounts payable | 17/49 | €512,017 | €479,884 | -€32,133 | -6.3% |
| Amounts payable after more than one year | 17 | €318,716 | €324,072 | +€5,356 | +1.7% |
| Financial debts | 170/4 | €265,457 | €226,456 | -€39,001 | -14.7% |
| Other amounts payable | 178/9 | €53,258 | €97,616 | +€44,358 | +83.3% |
| Amounts payable within one year | 42/48 | €184,543 | €145,037 | -€39,506 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €37,891 | €42,501 | +€4,611 | +12.2% |
| Financial debts | 43 | €18,763 | €18,704 | -€59 | -0.3% |
| Credit institutions | 430/8 | €18,763 | €18,704 | -€59 | -0.3% |
| Trade debts | 44 | €53,304 | €38,197 | -€15,107 | -28.3% |
| Suppliers | 440/4 | €53,304 | €38,197 | -€15,107 | -28.3% |
| Advances received on contracts in progress | 46 | €10,068 | €12,177 | +€2,108 | +20.9% |
| Taxes, remuneration and social security | 45 | €63,658 | €33,457 | -€30,200 | -47.4% |
| Taxes | 450/3 | €30,515 | €11,529 | -€18,986 | -62.2% |
| Remuneration and social security | 454/9 | €33,143 | €21,928 | -€11,215 | -33.8% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Accrued charges and deferred income | 492/3 | €8,759 | €10,775 | +€2,016 | +23.0% |
| Remuneration, social security and pensions | 62 | €312,407 | €321,583 | +€9,176 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,416 | €75,299 | +€6,884 | +10.1% |
| Other operating charges | 640/8 | €3,942 | €4,128 | +€186 | +4.7% |
| Gross operating margin | 9900 | €482,159 | €450,699 | -€31,460 | -6.5% |
| Operating profit (loss) | 9901 | €97,394 | €49,689 | -€47,706 | -49.0% |
| Financial income | 75/76B | €1,092 | €1,070 | -€23 | -2.1% |
| Recurring financial income | 75 | €1,092 | €1,070 | -€23 | -2.1% |
| Financial charges | 65/66B | €13,263 | €18,840 | +€5,576 | +42.0% |
| Recurring financial charges | 65 | €13,263 | €18,840 | +€5,576 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €85,223 | €31,919 | -€53,304 | -62.5% |
| Income taxes | 67/77 | €29,483 | €10,378 | -€19,105 | -64.8% |
| Profit (loss) for the period | 9904 | €55,741 | €21,541 | -€34,200 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,741 | €21,541 | -€34,200 | -61.4% |
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 8 October 2026 via checked.be.