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
- Stocks and contracts +€12,764
up €12,764 (+198%), from €6,441 to €19,205
- Receivables within one year -€5,631
down €5,631 (-96.3%), from €5,847 to €216
of which Trade receivables: -€5,631
- Tangible fixed assets +€5,035
up €5,035 (+85.1%), from €5,913 to €10,948
- Cash +€2,206
up €2,206 (+880%), from €251 to €2,456
mainly Other debts (+€34,108) and Net result for the year (+€18,482)
- Other debts +€34,108
up €34,108 (+187%), from €18,232 to €52,340
- Profit (loss) carried forward +€18,482
up €18,482 (+36.2%), from -€50,990 to -€32,507
- Tax, wage and social debts -€18,143
down €18,143 (-82.8%), from €21,918 to €3,776
of which Remuneration and social security: -€19,800
- Trade debts -€17,006
down €17,006 (-88.5%), from €19,223 to €2,217
- Accrued charges and deferred income -€2,185
no longer reported in 2024 (was €2,185)
- Gross operating margin +€71,510
up €71,510, from -€46,883 to €24,628
- Other operating charges +€2,510
up €2,510 (+206%), from €1,217 to €3,726
- Depreciation +€633
up €633 (+55.9%), from €1,132 to €1,765
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,452 | €32,825 | +€14,373 | +77.9% |
| Fixed assets | 21/28 | €5,913 | €10,948 | +€5,035 | +85.1% |
| Tangible fixed assets | 22/27 | €5,913 | €10,948 | +€5,035 | +85.1% |
| Furniture and vehicles | 24 | €5,913 | €10,948 | +€5,035 | +85.1% |
| Current assets | 29/58 | €12,539 | €21,877 | +€9,338 | +74.5% |
| Stocks and contracts in progress | 3 | €6,441 | €19,205 | +€12,764 | +198% |
| Stocks | 30/36 | €6,441 | €19,205 | +€12,764 | +198% |
| Amounts receivable within one year | 40/41 | €5,847 | €216 | -€5,631 | -96.3% |
| Trade receivables | 40 | €5,722 | €91 | -€5,631 | -98.4% |
| Other amounts receivable | 41 | €125 | €125 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €251 | €2,456 | +€2,206 | +880% |
| Total equity and liabilities | 10/49 | €18,452 | €32,825 | +€14,373 | +77.9% |
| Equity | 10/15 | -€43,990 | -€25,507 | +€18,482 | +42.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,990 | -€32,507 | +€18,482 | +36.2% |
| Amounts payable | 17/49 | €62,442 | €58,333 | -€4,109 | -6.6% |
| Amounts payable within one year | 42/48 | €60,257 | €58,333 | -€1,924 | -3.2% |
| Trade debts | 44 | €19,223 | €2,217 | -€17,006 | -88.5% |
| Suppliers | 440/4 | €19,223 | €2,217 | -€17,006 | -88.5% |
| Advances received on contracts in progress | 46 | €884 | - | -€884 | |
| Taxes, remuneration and social security | 45 | €21,918 | €3,776 | -€18,143 | -82.8% |
| Taxes | 450/3 | €2,118 | €3,776 | +€1,657 | +78.3% |
| Remuneration and social security | 454/9 | €19,800 | - | -€19,800 | |
| Other amounts payable | 47/48 | €18,232 | €52,340 | +€34,108 | +187% |
| Accrued charges and deferred income | 492/3 | €2,185 | - | -€2,185 | |
| Remuneration, social security and pensions | 62 | - | €29 | +€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132 | €1,765 | +€633 | +55.9% |
| Other operating charges | 640/8 | €1,217 | €3,726 | +€2,510 | +206% |
| Non-recurring operating charges | 66A | €1,020 | - | -€1,020 | |
| Gross operating margin | 9900 | -€46,883 | €24,628 | +€71,510 | |
| Operating profit (loss) | 9901 | -€50,251 | €19,108 | +€69,359 | |
| Financial income | 75/76B | €2 | €29 | +€27 | +1,402% |
| Recurring financial income | 75 | €2 | €29 | +€27 | +1,402% |
| Financial charges | 65/66B | €740 | €654 | -€86 | -11.6% |
| Recurring financial charges | 65 | €740 | €654 | -€86 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€50,990 | €18,482 | +€69,472 | |
| Profit (loss) for the period | 9904 | -€50,990 | €18,482 | +€69,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,990 | €18,482 | +€69,472 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.