DEVMAT: 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.
DEVMAT
Largest movements
- Intangible fixed assets -€76,000
down €76,000 (-33.3%), from €228,000 to €152,000
- Cash +€43,836
up €43,836 (+28.5%), from €153,640 to €197,476
mainly Depreciation (+€106,066) and Net result for the year (+€53,441)
- Tangible fixed assets -€24,262
down €24,262 (-57.4%), from €42,250 to €17,988
of which Furniture and vehicles: -€25,968
- Current portion of long-term debt -€75,971
down €75,971 (-96.1%), from €79,078 to €3,106
- Other debts +€29,472
up €29,472 (+201.1%), from €14,652 to €44,123
- Reserves -€28,428
down €28,428 (-5.9%), from €485,184 to €456,756
- Tax, wage and social debts +€23,328
up €23,328 (+44.7%), from €52,195 to €75,523
of which Remuneration and social security: +€20,586
- Gross operating margin -€9,628
down €9,628 (-1.4%), from €705,197 to €695,570
- Other operating charges -€7,366
down €7,366 (-49.6%), from €14,858 to €7,492
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 | €733,756 | €675,571 | -€58,185 | -7.9% |
| Fixed assets | 21/28 | €278,250 | €177,988 | -€100,262 | -36.0% |
| Intangible fixed assets | 21 | €228,000 | €152,000 | -€76,000 | -33.3% |
| Tangible fixed assets | 22/27 | €42,250 | €17,988 | -€24,262 | -57.4% |
| Plant, machinery and equipment | 23 | €1,860 | €3,566 | +€1,706 | +91.7% |
| Furniture and vehicles | 24 | €40,389 | €14,421 | -€25,968 | -64.3% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €455,506 | €497,584 | +€42,078 | +9.2% |
| Stocks and contracts in progress | 3 | €1,200 | €1,200 | = | 0.0% |
| Stocks | 30/36 | €1,200 | €1,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €300,666 | €295,517 | -€5,150 | -1.7% |
| Trade receivables | 40 | €1,694 | €40 | -€1,654 | -97.6% |
| Other amounts receivable | 41 | €298,972 | €295,477 | -€3,496 | -1.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €153,640 | €197,476 | +€43,836 | +28.5% |
| Deferred charges and accrued income | 490/1 | - | €3,391 | +€3,391 | |
| Total equity and liabilities | 10/49 | €733,756 | €675,571 | -€58,185 | -7.9% |
| Equity | 10/15 | €535,184 | €506,756 | -€28,428 | -5.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €485,184 | €456,756 | -€28,428 | -5.9% |
| Distributable reserves | 133 | €485,184 | €456,756 | -€28,428 | -5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €198,572 | €168,815 | -€29,757 | -15.0% |
| Amounts payable after more than one year | 17 | €3,368 | €261 | -€3,106 | -92.2% |
| Financial debts | 170/4 | €3,368 | €261 | -€3,106 | -92.2% |
| Amounts payable within one year | 42/48 | €194,551 | €167,135 | -€27,416 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €79,078 | €3,106 | -€75,971 | -96.1% |
| Trade debts | 44 | €48,627 | €44,382 | -€4,244 | -8.7% |
| Suppliers | 440/4 | €48,627 | €44,382 | -€4,244 | -8.7% |
| Taxes, remuneration and social security | 45 | €52,195 | €75,523 | +€23,328 | +44.7% |
| Taxes | 450/3 | €2,198 | €4,939 | +€2,742 | +124.8% |
| Remuneration and social security | 454/9 | €49,997 | €70,584 | +€20,586 | +41.2% |
| Other amounts payable | 47/48 | €14,652 | €44,123 | +€29,472 | +201.1% |
| Accrued charges and deferred income | 492/3 | €654 | €1,419 | +€765 | +117.1% |
| Remuneration, social security and pensions | 62 | €488,707 | €492,724 | +€4,017 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,148 | €106,066 | -€4,083 | -3.7% |
| Other operating charges | 640/8 | €14,858 | €7,492 | -€7,366 | -49.6% |
| Gross operating margin | 9900 | €705,197 | €695,570 | -€9,628 | -1.4% |
| Operating profit (loss) | 9901 | €91,484 | €89,288 | -€2,196 | -2.4% |
| Financial income | 75/76B | €5,494 | €827 | -€4,667 | -84.9% |
| Recurring financial income | 75 | €5,494 | €827 | -€4,667 | -84.9% |
| Financial charges | 65/66B | €13,050 | €14,410 | +€1,359 | +10.4% |
| Recurring financial charges | 65 | €13,050 | €14,410 | +€1,359 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €83,928 | €75,706 | -€8,222 | -9.8% |
| Income taxes | 67/77 | €25,358 | €22,265 | -€3,093 | -12.2% |
| Profit (loss) for the period | 9904 | €58,570 | €53,441 | -€5,129 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,570 | €53,441 | -€5,129 | -8.8% |
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 2 October 2026 via checked.be.