DEVO: 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.
DEVO
Largest movements
- Tangible fixed assets -€44,061
down €44,061 (-18.7%), from €235,979 to €191,917
of which Furniture and vehicles: -€41,270
- Receivables within one year +€42,359
up €42,359 (+220.4%), from €19,219 to €61,578
of which Trade receivables: +€42,359
- Current investments +€40,000
up €40,000 (+80.0%), from €50,000 to €90,000
- Cash +€21,734
up €21,734 (+14.5%), from €149,405 to €171,139
mainly Net result for the year (+€94,826) and Depreciation (+€44,061)
- Reserves +€94,826
up €94,826 (+23.1%), from €410,395 to €505,221
- Tax, wage and social debts -€17,486
down €17,486 (-82.9%), from €21,100 to €3,614
- Trade debts -€16,510
down €16,510 (-95.7%), from €17,249 to €739
- Financial income +€44,421
up €44,421 (+918.9%), from €4,834 to €49,255
- Gross operating margin -€40,097
down €40,097 (-24.9%), from €161,244 to €121,147
- Depreciation +€22,255
up €22,255 (+102.1%), from €21,806 to €44,061
- Taxes -€12,793
down €12,793 (-29.1%), from €43,989 to €31,196
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 | €473,603 | €533,634 | +€60,031 | +12.7% |
| Fixed assets | 21/28 | €254,979 | €210,917 | -€44,061 | -17.3% |
| Tangible fixed assets | 22/27 | €235,979 | €191,917 | -€44,061 | -18.7% |
| Land and buildings | 22 | €17,311 | €15,503 | -€1,808 | -10.4% |
| Plant, machinery and equipment | 23 | €2,949 | €1,966 | -€983 | -33.3% |
| Furniture and vehicles | 24 | €215,719 | €174,448 | -€41,270 | -19.1% |
| Financial fixed assets | 28 | €19,000 | €19,000 | = | 0.0% |
| Current assets | 29/58 | €218,624 | €322,716 | +€104,093 | +47.6% |
| Amounts receivable within one year | 40/41 | €19,219 | €61,578 | +€42,359 | +220.4% |
| Trade receivables | 40 | €19,219 | €61,578 | +€42,359 | +220.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €50,000 | €90,000 | +€40,000 | +80.0% |
| Cash at bank and in hand | 54/58 | €149,405 | €171,139 | +€21,734 | +14.5% |
| Total equity and liabilities | 10/49 | €473,603 | €533,634 | +€60,031 | +12.7% |
| Equity | 10/15 | €430,395 | €525,221 | +€94,826 | +22.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €410,395 | €505,221 | +€94,826 | +23.1% |
| Distributable reserves | 133 | €410,395 | €505,221 | +€94,826 | +23.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,208 | €8,413 | -€34,795 | -80.5% |
| Amounts payable within one year | 42/48 | €43,208 | €8,413 | -€34,795 | -80.5% |
| Trade debts | 44 | €17,249 | €739 | -€16,510 | -95.7% |
| Suppliers | 440/4 | €17,249 | €739 | -€16,510 | -95.7% |
| Taxes, remuneration and social security | 45 | €21,100 | €3,614 | -€17,486 | -82.9% |
| Taxes | 450/3 | €21,100 | €3,614 | -€17,486 | -82.9% |
| Other amounts payable | 47/48 | €4,858 | €4,060 | -€799 | -16.4% |
| Non-recurring operating income | 76A | €11,710 | €0 | -€11,710 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,806 | €44,061 | +€22,255 | +102.1% |
| Other operating charges | 640/8 | €620 | €188 | -€432 | -69.7% |
| Non-recurring operating charges | 66A | €13,255 | €0 | -€13,255 | -100.0% |
| Gross operating margin | 9900 | €161,244 | €121,147 | -€40,097 | -24.9% |
| Operating profit (loss) | 9901 | €125,562 | €76,898 | -€48,665 | -38.8% |
| Financial income | 75/76B | €4,834 | €49,255 | +€44,421 | +918.9% |
| Recurring financial income | 75 | €4,834 | €49,255 | +€44,421 | +918.9% |
| Financial charges | 65/66B | €95 | €131 | +€36 | +37.8% |
| Recurring financial charges | 65 | €95 | €131 | +€36 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €130,301 | €126,022 | -€4,279 | -3.3% |
| Income taxes | 67/77 | €43,989 | €31,196 | -€12,793 | -29.1% |
| Profit (loss) for the period | 9904 | €86,312 | €94,826 | +€8,514 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,312 | €94,826 | +€8,514 | +9.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.