DEVO - 43: 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 - 43
Largest movements
- Tangible fixed assets +€31,826
up €31,826 (+807%), from €3,942 to €35,768
of which Furniture and vehicles: +€33,161
- Cash -€11,350
down €11,350 (-23.7%), from €47,960 to €36,610
mainly Investment in fixed assets (net) (-€42,016) and Receivables within one year (-€5,406)
- Receivables within one year +€5,406
up €5,406 (+161%), from €3,363 to €8,768
of which Trade receivables: +€6,100
- Other debts +€17,220
up €17,220 (+73.4%), from €23,451 to €40,670
- Profit (loss) carried forward +€5,487
up €5,487 (+38.0%), from -€14,432 to -€8,945
- Tax, wage and social debts +€2,888
up €2,888 (+209%), from €1,379 to €4,267
of which Taxes: +€2,888
- Gross operating margin +€10,082
up €10,082 (+152%), from €6,628 to €16,710
- Depreciation +€7,165
up €7,165 (+237%), from €3,025 to €10,190
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 | €57,417 | €83,088 | +€25,671 | +44.7% |
| Fixed assets | 21/28 | €4,027 | €35,853 | +€31,826 | +790% |
| Tangible fixed assets | 22/27 | €3,942 | €35,768 | +€31,826 | +807% |
| Furniture and vehicles | 24 | €971 | €34,133 | +€33,161 | +3,414% |
| Other tangible fixed assets | 26 | €2,971 | €1,635 | -€1,335 | -45.0% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €53,390 | €47,235 | -€6,155 | -11.5% |
| Stocks and contracts in progress | 3 | €1,326 | €933 | -€393 | -29.6% |
| Stocks | 30/36 | €1,326 | €933 | -€393 | -29.6% |
| Amounts receivable within one year | 40/41 | €3,363 | €8,768 | +€5,406 | +161% |
| Trade receivables | 40 | €2,628 | €8,728 | +€6,100 | +232% |
| Other amounts receivable | 41 | €735 | €40 | -€695 | -94.5% |
| Cash at bank and in hand | 54/58 | €47,960 | €36,610 | -€11,350 | -23.7% |
| Deferred charges and accrued income | 490/1 | €741 | €923 | +€182 | +24.6% |
| Total equity and liabilities | 10/49 | €57,417 | €83,088 | +€25,671 | +44.7% |
| Equity | 10/15 | €27,856 | €33,343 | +€5,487 | +19.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €23,696 | €23,696 | = | 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% |
| Distributable reserves | 133 | €21,836 | €21,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,432 | -€8,945 | +€5,487 | +38.0% |
| Amounts payable | 17/49 | €29,561 | €49,745 | +€20,184 | +68.3% |
| Amounts payable within one year | 42/48 | €26,061 | €46,245 | +€20,184 | +77.4% |
| Trade debts | 44 | €1,231 | €1,308 | +€77 | +6.2% |
| Suppliers | 440/4 | €1,231 | €1,308 | +€77 | +6.2% |
| Taxes, remuneration and social security | 45 | €1,379 | €4,267 | +€2,888 | +209% |
| Taxes | 450/3 | €70 | €2,958 | +€2,888 | +4,125% |
| Remuneration and social security | 454/9 | €1,309 | €1,309 | = | 0.0% |
| Other amounts payable | 47/48 | €23,451 | €40,670 | +€17,220 | +73.4% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €5,729 | +€5,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,025 | €10,190 | +€7,165 | +237% |
| Other operating charges | 640/8 | €1,110 | €1,071 | -€39 | -3.5% |
| Non-recurring operating charges | 66A | €438 | €0 | -€438 | -100% |
| Gross operating margin | 9900 | €6,628 | €16,710 | +€10,082 | +152% |
| Operating profit (loss) | 9901 | €2,056 | €5,450 | +€3,394 | +165% |
| Financial income | 75/76B | €116 | €203 | +€87 | +75.2% |
| Recurring financial income | 75 | €116 | €203 | +€87 | +75.2% |
| Financial charges | 65/66B | €67 | €166 | +€99 | +147% |
| Recurring financial charges | 65 | €67 | €166 | +€99 | +147% |
| Profit (loss) for the period before taxes | 9903 | €2,104 | €5,487 | +€3,383 | +161% |
| Profit (loss) for the period | 9904 | €2,104 | €5,487 | +€3,383 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €2,104 | €5,487 | +€3,383 | +161% |
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 1 November 2026 via checked.be.