DEVLIMER: 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.
DEVLIMER
Largest movements
- Tangible fixed assets +€611,345
up €611,345 (+190.3%), from €321,209 to €932,554
of which Other tangible fixed assets: +€354,484
- Receivables within one year -€96,951
down €96,951 (-49.7%), from €195,191 to €98,240
of which Other amounts receivable: -€49,057
- Stocks and contracts +€47,103
up €47,103 (+201.6%), from €23,370 to €70,472
- Cash +€23,508
new in 2025: €23,508
mainly Other debts (+€705,432) and Depreciation (+€175,630)
- Other debts +€705,432
up €705,432 (+414.8%), from €170,064 to €875,496
- Trade debts -€304,007
down €304,007 (-84.8%), from €358,562 to €54,555
- Tax, wage and social debts +€134,791
up €134,791 (+243.5%), from €55,362 to €190,153
of which Taxes: +€72,603
- Profit (loss) carried forward +€48,789
up €48,789 (+75.5%), from -€64,623 to -€15,835
- Gross operating margin +€691,598
up €691,598 (+327.1%), from €211,425 to €903,023
- Staff costs +€326,250
up €326,250 (+105.8%), from €308,443 to €634,693
- Depreciation +€165,362
up €165,362 (+1610.6%), from €10,267 to €175,630
- Financial charges +€28,505
up €28,505 (+10902.6%), from €261 to €28,766
- Taxes +€15,415
up €15,415, from -€414 to €15,001
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 | €539,770 | €1,124,774 | +€585,005 | +108.4% |
| Fixed assets | 21/28 | €321,209 | €932,554 | +€611,345 | +190.3% |
| Tangible fixed assets | 22/27 | €321,209 | €932,554 | +€611,345 | +190.3% |
| Plant, machinery and equipment | 23 | €207,826 | €448,805 | +€240,979 | +116.0% |
| Furniture and vehicles | 24 | - | €15,882 | +€15,882 | |
| Other tangible fixed assets | 26 | €113,383 | €467,867 | +€354,484 | +312.6% |
| Current assets | 29/58 | €218,561 | €192,220 | -€26,340 | -12.1% |
| Stocks and contracts in progress | 3 | €23,370 | €70,472 | +€47,103 | +201.6% |
| Stocks | 30/36 | €23,370 | €70,472 | +€47,103 | +201.6% |
| Amounts receivable within one year | 40/41 | €195,191 | €98,240 | -€96,951 | -49.7% |
| Trade receivables | 40 | €146,134 | €98,240 | -€47,894 | -32.8% |
| Other amounts receivable | 41 | €49,057 | - | -€49,057 | |
| Cash at bank and in hand | 54/58 | - | €23,508 | +€23,508 | |
| Total equity and liabilities | 10/49 | €539,770 | €1,124,774 | +€585,005 | +108.4% |
| Equity | 10/15 | -€44,218 | €4,570 | +€48,789 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,623 | -€15,835 | +€48,789 | +75.5% |
| Amounts payable | 17/49 | €583,988 | €1,120,204 | +€536,216 | +91.8% |
| Amounts payable within one year | 42/48 | €583,988 | €1,120,204 | +€536,216 | +91.8% |
| Trade debts | 44 | €358,562 | €54,555 | -€304,007 | -84.8% |
| Suppliers | 440/4 | €358,562 | €54,555 | -€304,007 | -84.8% |
| Taxes, remuneration and social security | 45 | €55,362 | €190,153 | +€134,791 | +243.5% |
| Taxes | 450/3 | €1,231 | €73,833 | +€72,603 | +5898.7% |
| Remuneration and social security | 454/9 | €54,131 | €116,319 | +€62,188 | +114.9% |
| Other amounts payable | 47/48 | €170,064 | €875,496 | +€705,432 | +414.8% |
| Non-recurring operating income | 76A | - | €22,500 | +€22,500 | |
| Remuneration, social security and pensions | 62 | €308,443 | €634,693 | +€326,250 | +105.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,267 | €175,630 | +€165,362 | +1610.6% |
| Other operating charges | 640/8 | €677 | €144 | -€532 | -78.7% |
| Gross operating margin | 9900 | €211,425 | €903,023 | +€691,598 | +327.1% |
| Operating profit (loss) | 9901 | -€107,962 | €92,556 | +€200,518 | |
| Financial income | 75/76B | €5,406 | €0 | -€5,406 | -100.0% |
| Recurring financial income | 75 | €5,406 | €0 | -€5,406 | -100.0% |
| Financial charges | 65/66B | €261 | €28,766 | +€28,505 | +10902.6% |
| Recurring financial charges | 65 | €261 | €28,766 | +€28,505 | +10902.6% |
| Profit (loss) for the period before taxes | 9903 | -€102,817 | €63,790 | +€166,607 | |
| Income taxes | 67/77 | -€414 | €15,001 | +€15,415 | |
| Profit (loss) for the period | 9904 | -€102,403 | €48,789 | +€151,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€102,403 | €48,789 | +€151,192 |
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 4 October 2026 via checked.be.