DevMo: 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.
DevMo
Largest movements
- Current investments +€68,537
up €68,537 (+69.3%), from €98,862 to €167,399
- Receivables within one year +€47,603
up €47,603 (+101%), from €47,244 to €94,847
of which Other amounts receivable: +€52,202
- Tangible fixed assets -€6,072
down €6,072 (-29.3%), from €20,746 to €14,675
of which Plant, machinery and equipment: -€3,815
- Cash +€4,297
up €4,297 (+9.4%), from €45,681 to €49,978
mainly Net result for the year (+€1.3m) and Other debts (+€265,000)
- Other debts +€265,000
up €265,000 (+757%), from €35,000 to €300,000
- Reserves -€145,033
down €145,033 (-54.4%), from €266,526 to €121,493
of which Distributable reserves: -€145,033
- Tax, wage and social debts -€5,045
down €5,045 (-58.7%), from €8,600 to €3,556
of which Taxes: -€5,074
- Gross operating margin +€1.7m
up €1.7m (+835%), from €198,959 to €1.9m
- Taxes +€409,319
up €409,319 (+908%), from €45,074 to €454,392
- Financial charges +€74,666
up €74,666 (+2,440%), from €3,061 to €77,727
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 | €313,625 | €428,830 | +€115,205 | +36.7% |
| Fixed assets | 21/28 | €20,746 | €14,675 | -€6,072 | -29.3% |
| Tangible fixed assets | 22/27 | €20,746 | €14,675 | -€6,072 | -29.3% |
| Plant, machinery and equipment | 23 | €13,123 | €9,308 | -€3,815 | -29.1% |
| Furniture and vehicles | 24 | €7,624 | €5,367 | -€2,257 | -29.6% |
| Current assets | 29/58 | €292,879 | €414,156 | +€121,277 | +41.4% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,244 | €94,847 | +€47,603 | +101% |
| Trade receivables | 40 | €46,297 | €41,698 | -€4,599 | -9.9% |
| Other amounts receivable | 41 | €947 | €53,149 | +€52,202 | +5,514% |
| Current investments | 50/53 | €98,862 | €167,399 | +€68,537 | +69.3% |
| Cash at bank and in hand | 54/58 | €45,681 | €49,978 | +€4,297 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,092 | €1,932 | +€840 | +76.9% |
| Total equity and liabilities | 10/49 | €313,625 | €428,830 | +€115,205 | +36.7% |
| Equity | 10/15 | €269,526 | €124,493 | -€145,033 | -53.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €266,526 | €121,493 | -€145,033 | -54.4% |
| Tax-exempt reserves | 132 | €152 | €152 | = | 0.0% |
| Distributable reserves | 133 | €266,374 | €121,341 | -€145,033 | -54.4% |
| Amounts payable | 17/49 | €44,099 | €304,337 | +€260,238 | +590% |
| Amounts payable within one year | 42/48 | €44,099 | €304,337 | +€260,238 | +590% |
| Trade debts | 44 | €499 | €782 | +€283 | +56.7% |
| Suppliers | 440/4 | €499 | €782 | +€283 | +56.7% |
| Taxes, remuneration and social security | 45 | €8,600 | €3,556 | -€5,045 | -58.7% |
| Taxes | 450/3 | €5,074 | - | -€5,074 | |
| Remuneration and social security | 454/9 | €3,527 | €3,556 | +€29 | +0.8% |
| Other amounts payable | 47/48 | €35,000 | €300,000 | +€265,000 | +757% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,098 | €6,072 | -€26 | -0.4% |
| Gross operating margin | 9900 | €198,959 | €1,860,352 | +€1.7m | +835% |
| Operating profit (loss) | 9901 | €192,861 | €1,854,280 | +€1.7m | +861% |
| Financial income | 75/76B | €8,999 | €9,888 | +€889 | +9.9% |
| Recurring financial income | 75 | €8,999 | €9,888 | +€889 | +9.9% |
| Financial charges | 65/66B | €3,061 | €77,727 | +€74,666 | +2,440% |
| Recurring financial charges | 65 | €3,061 | €77,727 | +€74,666 | +2,440% |
| Profit (loss) for the period before taxes | 9903 | €198,800 | €1,786,441 | +€1.6m | +799% |
| Income taxes | 67/77 | €45,074 | €454,392 | +€409,319 | +908% |
| Profit (loss) for the period | 9904 | €153,726 | €1,332,049 | +€1.2m | +767% |
| Profit (loss) for the period to be appropriated | 9905 | €153,726 | €1,332,049 | +€1.2m | +767% |
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 19 October 2026 via checked.be.