DEVOCO: 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.
DEVOCO
Largest movements
- Receivables within one year +€57,629
up €57,629 (+510%), from €11,295 to €68,924
of which Other amounts receivable: +€56,981
- Current investments +€55,000
up €55,000 (+26.2%), from €210,000 to €265,000
- Tangible fixed assets -€32,946
down €32,946 (-2.8%), from €1.2m to €1.1m
of which Plant, machinery and equipment: -€28,649
- Other debts +€50,000
up €50,000 (+11.1%), from €450,000 to €500,000
- Tax, wage and social debts +€27,033
up €27,033 (+270%), from €10,000 to €37,033
- Reserves +€20,430
up €20,430 (+4.7%), from €435,664 to €456,094
of which Distributable reserves: +€20,430
- Gross operating margin +€55,264
up €55,264 (+7.5%), from €737,159 to €792,423
- Taxes +€12,763
up €12,763 (+7.9%), from €160,798 to €173,562
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 | €1,414,663 | €1,505,260 | +€90,597 | +6.4% |
| Fixed assets | 21/28 | €1,168,618 | €1,135,672 | -€32,946 | -2.8% |
| Tangible fixed assets | 22/27 | €1,168,618 | €1,135,672 | -€32,946 | -2.8% |
| Land and buildings | 22 | €1,085,059 | €1,080,762 | -€4,297 | -0.4% |
| Plant, machinery and equipment | 23 | €83,559 | €54,910 | -€28,649 | -34.3% |
| Current assets | 29/58 | €246,045 | €369,587 | +€123,543 | +50.2% |
| Amounts receivable within one year | 40/41 | €11,295 | €68,924 | +€57,629 | +510% |
| Trade receivables | 40 | €3,276 | €3,924 | +€649 | +19.8% |
| Other amounts receivable | 41 | €8,020 | €65,000 | +€56,981 | +711% |
| Current investments | 50/53 | €210,000 | €265,000 | +€55,000 | +26.2% |
| Cash at bank and in hand | 54/58 | €17,519 | €23,918 | +€6,399 | +36.5% |
| Deferred charges and accrued income | 490/1 | €7,231 | €11,745 | +€4,514 | +62.4% |
| Total equity and liabilities | 10/49 | €1,414,663 | €1,505,260 | +€90,597 | +6.4% |
| Equity | 10/15 | €942,407 | €962,836 | +€20,430 | +2.2% |
| Contributions | 10/11 | €506,743 | €506,743 | = | 0.0% |
| Capital | 10 | €506,743 | €506,743 | = | 0.0% |
| Issued capital | 100 | €506,743 | €506,743 | = | 0.0% |
| Reserves | 13 | €435,664 | €456,094 | +€20,430 | +4.7% |
| Non-distributable reserves | 130/1 | €50,674 | €50,674 | = | 0.0% |
| Legal reserve | 130 | €50,674 | €50,674 | = | 0.0% |
| Distributable reserves | 133 | €384,990 | €405,419 | +€20,430 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €472,256 | €542,423 | +€70,167 | +14.9% |
| Amounts payable within one year | 42/48 | €472,050 | €540,948 | +€68,899 | +14.6% |
| Trade debts | 44 | €12,049 | €3,915 | -€8,134 | -67.5% |
| Suppliers | 440/4 | €12,049 | €3,915 | -€8,134 | -67.5% |
| Taxes, remuneration and social security | 45 | €10,000 | €37,033 | +€27,033 | +270% |
| Taxes | 450/3 | €10,000 | €37,033 | +€27,033 | +270% |
| Other amounts payable | 47/48 | €450,000 | €500,000 | +€50,000 | +11.1% |
| Accrued charges and deferred income | 492/3 | €206 | €1,475 | +€1,268 | +614% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,946 | €32,946 | -€0 | 0.0% |
| Other operating charges | 640/8 | €70,793 | €73,014 | +€2,221 | +3.1% |
| Gross operating margin | 9900 | €737,159 | €792,423 | +€55,264 | +7.5% |
| Operating profit (loss) | 9901 | €633,421 | €686,464 | +€53,043 | +8.4% |
| Financial income | 75/76B | €9,778 | €9,022 | -€757 | -7.7% |
| Recurring financial income | 75 | €9,778 | €9,022 | -€757 | -7.7% |
| Financial charges | 65/66B | €6 | €1,494 | +€1,488 | +24,678% |
| Recurring financial charges | 65 | €6 | €1,494 | +€1,488 | +24,678% |
| Profit (loss) for the period before taxes | 9903 | €643,193 | €693,991 | +€50,798 | +7.9% |
| Income taxes | 67/77 | €160,798 | €173,562 | +€12,763 | +7.9% |
| Profit (loss) for the period | 9904 | €482,395 | €520,430 | +€38,035 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €482,395 | €520,430 | +€38,035 | +7.9% |
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 16 October 2026 via checked.be.