DEVO: 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.
DEVO
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Receivables within one year -€330,965
down €330,965 (-50.7%), from €652,787 to €321,822
of which Other amounts receivable: -€291,345
- Cash +€122,394
up €122,394 (+23.3%), from €524,495 to €646,888
mainly Net result for the year (+€544,899) and Receivables within one year (+€330,965)
- Stocks and contracts -€31,992
down €31,992 (-5.8%), from €552,459 to €520,467
- Tangible fixed assets +€22,413
up €22,413 (+29.6%), from €75,642 to €98,055
of which Other tangible fixed assets: +€35,500
- Other debts -€282,049
down €282,049 (-80.5%), from €350,250 to €68,201
- Reserves +€273,650
up €273,650 (+135.6%), from €201,860 to €475,510
of which Tax-exempt reserves: +€273,650
- Profit (loss) carried forward +€271,249
up €271,249 (+27.7%), from €979,731 to €1.3m
- Tax, wage and social debts +€62,165
up €62,165 (+147.4%), from €42,187 to €104,352
of which Taxes: +€73,839
- Trade debts -€42,569
down €42,569 (-18.4%), from €231,565 to €188,996
- Taxes +€95,281
up €95,281 (+102.9%), from €92,557 to €187,838
- Other operating charges -€21,281
down €21,281 (-87.6%), from €24,287 to €3,006
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 | €1,815,360 | €2,097,807 | +€282,447 | +15.6% |
| Fixed assets | 21/28 | €85,620 | €108,630 | +€23,010 | +26.9% |
| Intangible fixed assets | 21 | €9,929 | €10,526 | +€596 | +6.0% |
| Tangible fixed assets | 22/27 | €75,642 | €98,055 | +€22,413 | +29.6% |
| Plant, machinery and equipment | 23 | €28,689 | €19,927 | -€8,762 | -30.5% |
| Furniture and vehicles | 24 | €10,092 | €5,767 | -€4,325 | -42.9% |
| Other tangible fixed assets | 26 | €36,861 | €72,361 | +€35,500 | +96.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,729,740 | €1,989,177 | +€259,437 | +15.0% |
| Stocks and contracts in progress | 3 | €552,459 | €520,467 | -€31,992 | -5.8% |
| Stocks | 30/36 | €552,459 | €520,467 | -€31,992 | -5.8% |
| Amounts receivable within one year | 40/41 | €652,787 | €321,822 | -€330,965 | -50.7% |
| Trade receivables | 40 | €359,045 | €319,425 | -€39,620 | -11.0% |
| Other amounts receivable | 41 | €293,741 | €2,397 | -€291,345 | -99.2% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €524,495 | €646,888 | +€122,394 | +23.3% |
| Total equity and liabilities | 10/49 | €1,815,360 | €2,097,807 | +€282,447 | +15.6% |
| Equity | 10/15 | €1,191,358 | €1,736,258 | +€544,899 | +45.7% |
| Contributions | 10/11 | €9,767 | €9,767 | = | 0.0% |
| Reserves | 13 | €201,860 | €475,510 | +€273,650 | +135.6% |
| Tax-exempt reserves | 132 | - | €273,650 | +€273,650 | |
| Distributable reserves | 133 | €201,860 | €201,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €979,731 | €1,250,981 | +€271,249 | +27.7% |
| Amounts payable | 17/49 | €624,002 | €361,549 | -€262,452 | -42.1% |
| Amounts payable within one year | 42/48 | €624,002 | €361,549 | -€262,452 | -42.1% |
| Trade debts | 44 | €231,565 | €188,996 | -€42,569 | -18.4% |
| Suppliers | 440/4 | €231,565 | €188,996 | -€42,569 | -18.4% |
| Taxes, remuneration and social security | 45 | €42,187 | €104,352 | +€62,165 | +147.4% |
| Taxes | 450/3 | €13,606 | €87,446 | +€73,839 | +542.7% |
| Remuneration and social security | 454/9 | €28,580 | €16,907 | -€11,674 | -40.8% |
| Other amounts payable | 47/48 | €350,250 | €68,201 | -€282,049 | -80.5% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €266,794 | €275,323 | +€8,529 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,875 | €31,282 | -€2,593 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,094 | - | -€1,094 | |
| Other operating charges | 640/8 | €24,287 | €3,006 | -€21,281 | -87.6% |
| Gross operating margin | 9900 | €1,028,201 | €1,035,480 | +€7,280 | +0.7% |
| Operating profit (loss) | 9901 | €702,150 | €725,870 | +€23,719 | +3.4% |
| Financial income | 75/76B | €12,774 | €13,683 | +€908 | +7.1% |
| Recurring financial income | 75 | €12,774 | €13,683 | +€908 | +7.1% |
| Financial charges | 65/66B | €6,480 | €6,815 | +€335 | +5.2% |
| Recurring financial charges | 65 | €6,480 | €6,815 | +€335 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €708,445 | €732,737 | +€24,292 | +3.4% |
| Income taxes | 67/77 | €92,557 | €187,838 | +€95,281 | +102.9% |
| Profit (loss) for the period | 9904 | €615,888 | €544,899 | -€70,989 | -11.5% |
| Transfer to tax-exempt reserves | 689 | - | €273,650 | +€273,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €615,888 | €271,249 | -€344,639 | -56.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.