DEVO INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€68,510
down €68,510 (-5.4%), from €1.3m to €1.2m
of which Land and buildings: -€69,315
- Debts after one year -€69,823
down €69,823 (-8.8%), from €796,917 to €727,094
- Current portion of long-term debt +€33,822
new in 2025: €33,822
- Short-term financial debts -€33,404
no longer reported in 2025 (was €33,404)
- Gross operating margin +€13,257
up €13,257 (+15.6%), from €84,745 to €98,001
- Other operating charges +€2,332
up €2,332 (+18.2%), from €12,823 to €15,156
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 | €1,297,850 | €1,235,291 | -€62,560 | -4.8% |
| Fixed assets | 21/28 | €1,257,139 | €1,188,629 | -€68,510 | -5.4% |
| Tangible fixed assets | 22/27 | €1,257,139 | €1,188,629 | -€68,510 | -5.4% |
| Land and buildings | 22 | €1,246,693 | €1,177,379 | -€69,315 | -5.6% |
| Plant, machinery and equipment | 23 | €10,446 | €11,250 | +€804 | +7.7% |
| Current assets | 29/58 | €40,711 | €46,662 | +€5,951 | +14.6% |
| Cash at bank and in hand | 54/58 | €34,875 | €40,826 | +€5,951 | +17.1% |
| Deferred charges and accrued income | 490/1 | €5,836 | €5,836 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,297,850 | €1,235,291 | -€62,560 | -4.8% |
| Equity | 10/15 | €454,735 | €459,264 | +€4,529 | +1.0% |
| Contributions | 10/11 | €410,000 | €410,000 | = | 0.0% |
| Reserves | 13 | €8,300 | €8,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,300 | €8,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,300 | €8,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,435 | €40,964 | +€4,529 | +12.4% |
| Amounts payable | 17/49 | €843,115 | €776,027 | -€67,088 | -8.0% |
| Amounts payable after more than one year | 17 | €796,917 | €727,094 | -€69,823 | -8.8% |
| Financial debts | 170/4 | €796,917 | €727,094 | -€69,823 | -8.8% |
| Amounts payable within one year | 42/48 | €44,198 | €46,933 | +€2,734 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | - | €33,822 | +€33,822 | |
| Financial debts | 43 | €33,404 | - | -€33,404 | |
| Credit institutions | 430/8 | €33,404 | - | -€33,404 | |
| Trade debts | 44 | €2 | €237 | +€235 | +9,908% |
| Suppliers | 440/4 | €2 | €237 | +€235 | +9,908% |
| Other amounts payable | 47/48 | €10,792 | €12,874 | +€2,082 | +19.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,074 | €73,360 | +€286 | +0.4% |
| Other operating charges | 640/8 | €12,823 | €15,156 | +€2,332 | +18.2% |
| Gross operating margin | 9900 | €84,745 | €98,001 | +€13,257 | +15.6% |
| Operating profit (loss) | 9901 | -€1,152 | €9,486 | +€10,638 | |
| Financial income | 75/76B | €145 | €266 | +€121 | +83.3% |
| Recurring financial income | 75 | €145 | €266 | +€121 | +83.3% |
| Financial charges | 65/66B | €5,926 | €5,146 | -€779 | -13.2% |
| Recurring financial charges | 65 | €5,926 | €5,146 | -€779 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,933 | €4,606 | +€11,538 | |
| Income taxes | 67/77 | €42 | €77 | +€35 | +85.1% |
| Profit (loss) for the period | 9904 | -€6,974 | €4,529 | +€11,503 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,974 | €4,529 | +€11,503 |
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 14 October 2026 via checked.be.