DEVO ELEC: 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 ELEC
Largest movements
- Cash +€36,880
up €36,880 (+72.3%), from €51,023 to €87,902
mainly Receivables within one year (+€23,799) and Depreciation (+€6,774)
- Receivables within one year -€23,799
down €23,799 (-61.0%), from €39,029 to €15,231
of which Trade receivables: -€22,050
- Tangible fixed assets -€6,051
down €6,051 (-30.4%), from €19,926 to €13,876
of which Land and buildings: -€4,914
- Stocks and contracts +€4,900
up €4,900 (+21.8%), from €22,500 to €27,400
- Other debts +€6,328
up €6,328 (+65.0%), from €9,732 to €16,059
- Tax, wage and social debts +€4,927
up €4,927 (+172.3%), from €2,860 to €7,787
of which Taxes: +€4,327
- Trade debts -€1,576
down €1,576 (-19.3%), from €8,162 to €6,586
- Profit (loss) carried forward +€1,566
up €1,566 (+1.5%), from -€103,934 to -€102,368
- Taxes +€596
up €596 (+87.0%), from €685 to €1,281
- Depreciation +€536
up €536 (+8.6%), from €6,237 to €6,774
- Other operating charges +€278
up €278 (+24.0%), from €1,158 to €1,436
- Gross operating margin -€275
down €275 (-2.4%), from €11,581 to €11,306
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 | €133,739 | €145,002 | +€11,262 | +8.4% |
| Fixed assets | 21/28 | €19,926 | €13,876 | -€6,051 | -30.4% |
| Tangible fixed assets | 22/27 | €19,926 | €13,876 | -€6,051 | -30.4% |
| Land and buildings | 22 | €16,784 | €11,870 | -€4,914 | -29.3% |
| Plant, machinery and equipment | 23 | €174 | - | -€174 | |
| Furniture and vehicles | 24 | €2,969 | €2,006 | -€963 | -32.4% |
| Current assets | 29/58 | €113,813 | €131,126 | +€17,313 | +15.2% |
| Stocks and contracts in progress | 3 | €22,500 | €27,400 | +€4,900 | +21.8% |
| Stocks | 30/36 | €22,500 | €27,400 | +€4,900 | +21.8% |
| Amounts receivable within one year | 40/41 | €39,029 | €15,231 | -€23,799 | -61.0% |
| Trade receivables | 40 | €37,280 | €15,231 | -€22,050 | -59.1% |
| Other amounts receivable | 41 | €1,749 | - | -€1,749 | |
| Cash at bank and in hand | 54/58 | €51,023 | €87,902 | +€36,880 | +72.3% |
| Deferred charges and accrued income | 490/1 | €1,261 | €593 | -€668 | -53.0% |
| Total equity and liabilities | 10/49 | €133,739 | €145,002 | +€11,262 | +8.4% |
| Equity | 10/15 | €112,985 | €114,551 | +€1,566 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,319 | €198,319 | = | 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 | €196,459 | €196,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,934 | -€102,368 | +€1,566 | +1.5% |
| Amounts payable | 17/49 | €20,754 | €30,450 | +€9,696 | +46.7% |
| Amounts payable after more than one year | 17 | - | €18 | +€18 | |
| Other amounts payable | 178/9 | - | €18 | +€18 | |
| Amounts payable within one year | 42/48 | €20,754 | €30,432 | +€9,678 | +46.6% |
| Trade debts | 44 | €8,162 | €6,586 | -€1,576 | -19.3% |
| Suppliers | 440/4 | €8,162 | €6,586 | -€1,576 | -19.3% |
| Taxes, remuneration and social security | 45 | €2,860 | €7,787 | +€4,927 | +172.3% |
| Taxes | 450/3 | €685 | €5,012 | +€4,327 | +631.5% |
| Remuneration and social security | 454/9 | €2,175 | €2,775 | +€600 | +27.6% |
| Other amounts payable | 47/48 | €9,732 | €16,059 | +€6,328 | +65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,237 | €6,774 | +€536 | +8.6% |
| Other operating charges | 640/8 | €1,158 | €1,436 | +€278 | +24.0% |
| Gross operating margin | 9900 | €11,581 | €11,306 | -€275 | -2.4% |
| Operating profit (loss) | 9901 | €4,185 | €3,096 | -€1,089 | -26.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €318 | €249 | -€69 | -21.7% |
| Recurring financial charges | 65 | €318 | €249 | -€69 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €3,868 | €2,847 | -€1,020 | -26.4% |
| Income taxes | 67/77 | €685 | €1,281 | +€596 | +87.0% |
| Profit (loss) for the period | 9904 | €3,183 | €1,566 | -€1,616 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,183 | €1,566 | -€1,616 | -50.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.