DEVMINDS: 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.
DEVMINDS
Largest movements
- Receivables within one year +€24,043
up €24,043 (+43.4%), from €55,413 to €79,456
of which Trade receivables: +€22,096
- Tangible fixed assets -€16,703
down €16,703 (-19.5%), from €85,734 to €69,031
of which Furniture and vehicles: -€19,637
- Cash -€15,808
down €15,808 (-31.2%), from €50,621 to €34,813
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€24,043)
- Debts after one year -€12,553
down €12,553 (-39.8%), from €31,521 to €18,968
- Profit (loss) carried forward +€7,528
up €7,528 (+34.5%), from €21,847 to €29,375
- Other debts -€4,093
down €4,093 (-4.3%), from €95,315 to €91,221
- Gross operating margin +€2,223
up €2,223 (+2.1%), from €108,369 to €110,592
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.
Derived cash bridge
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 | €192,303 | €183,825 | -€8,478 | -4.4% |
| Fixed assets | 21/28 | €85,734 | €69,031 | -€16,703 | -19.5% |
| Tangible fixed assets | 22/27 | €85,734 | €69,031 | -€16,703 | -19.5% |
| Plant, machinery and equipment | 23 | €19,073 | €16,327 | -€2,746 | -14.4% |
| Furniture and vehicles | 24 | €65,967 | €46,330 | -€19,637 | -29.8% |
| Other tangible fixed assets | 26 | €695 | €6,375 | +€5,680 | +818% |
| Current assets | 29/58 | €106,569 | €114,794 | +€8,225 | +7.7% |
| Amounts receivable within one year | 40/41 | €55,413 | €79,456 | +€24,043 | +43.4% |
| Trade receivables | 40 | €53,462 | €75,558 | +€22,096 | +41.3% |
| Other amounts receivable | 41 | €1,952 | €3,899 | +€1,947 | +99.8% |
| Cash at bank and in hand | 54/58 | €50,621 | €34,813 | -€15,808 | -31.2% |
| Deferred charges and accrued income | 490/1 | €535 | €524 | -€11 | -2.0% |
| Total equity and liabilities | 10/49 | €192,303 | €183,825 | -€8,478 | -4.4% |
| Equity | 10/15 | €42,307 | €49,835 | +€7,528 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,847 | €29,375 | +€7,528 | +34.5% |
| Amounts payable | 17/49 | €149,996 | €133,990 | -€16,006 | -10.7% |
| Amounts payable after more than one year | 17 | €31,521 | €18,968 | -€12,553 | -39.8% |
| Financial debts | 170/4 | €31,521 | €18,968 | -€12,553 | -39.8% |
| Amounts payable within one year | 42/48 | €118,475 | €115,022 | -€3,453 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €12,479 | €12,553 | +€74 | +0.6% |
| Trade debts | 44 | €1,637 | €1,952 | +€315 | +19.3% |
| Suppliers | 440/4 | €1,637 | €1,952 | +€315 | +19.3% |
| Taxes, remuneration and social security | 45 | €9,044 | €9,296 | +€251 | +2.8% |
| Taxes | 450/3 | €9,044 | €9,296 | +€251 | +2.8% |
| Other amounts payable | 47/48 | €95,315 | €91,221 | -€4,093 | -4.3% |
| Non-recurring operating income | 76A | €4,132 | - | -€4,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,796 | €24,248 | -€548 | -2.2% |
| Other operating charges | 640/8 | €887 | €455 | -€432 | -48.7% |
| Gross operating margin | 9900 | €108,369 | €110,592 | +€2,223 | +2.1% |
| Operating profit (loss) | 9901 | €82,686 | €85,889 | +€3,203 | +3.9% |
| Financial income | 75/76B | €48 | €19 | -€29 | -59.5% |
| Recurring financial income | 75 | €48 | €19 | -€29 | -59.5% |
| Financial charges | 65/66B | €430 | €328 | -€102 | -23.8% |
| Recurring financial charges | 65 | €430 | €328 | -€102 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €82,304 | €85,581 | +€3,276 | +4.0% |
| Income taxes | 67/77 | €18,048 | €18,053 | +€5 | 0.0% |
| Profit (loss) for the period | 9904 | €64,256 | €67,528 | +€3,272 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,256 | €67,528 | +€3,272 | +5.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.