DEVOCO: 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.
DEVOCO
Largest movements
- Receivables within one year -€11,532
down €11,532 (-11.5%), from €100,587 to €89,055
of which Trade receivables: -€11,215
- Tangible fixed assets -€4,223
down €4,223 (-3.1%), from €135,629 to €131,406
of which Land and buildings: -€5,100
- Cash -€4,046
down €4,046 (-7.7%), from €52,449 to €48,404
mainly Debts after one year (-€11,649) and Other debts (-€6,596)
- Deferred charges and accrued income -€3,152
down €3,152 (-41.4%), from €7,609 to €4,457
- Debts after one year -€11,649
down €11,649 (-28.3%), from €41,114 to €29,465
- Other debts -€6,596
down €6,596 (-42.8%), from €15,397 to €8,801
- Accrued charges and deferred income -€6,311
no longer reported in 2025 (was €6,311)
- Tax, wage and social debts +€6,187
up €6,187 (+145.9%), from €4,242 to €10,430
- Trade debts -€5,155
down €5,155 (-78.0%), from €6,613 to €1,458
- Gross operating margin -€5,035
down €5,035 (-8.1%), from €62,338 to €57,303
- Other operating charges -€3,293
down €3,293 (-57.6%), from €5,713 to €2,421
- Financial charges -€1,492
down €1,492 (-32.1%), from €4,653 to €3,161
- Staff costs +€624
up €624 (+2.3%), from €27,709 to €28,333
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 | €307,274 | €285,322 | -€21,953 | -7.1% |
| Fixed assets | 21/28 | €135,629 | €131,406 | -€4,223 | -3.1% |
| Tangible fixed assets | 22/27 | €135,629 | €131,406 | -€4,223 | -3.1% |
| Land and buildings | 22 | €133,900 | €128,800 | -€5,100 | -3.8% |
| Plant, machinery and equipment | 23 | €661 | €443 | -€218 | -33.0% |
| Furniture and vehicles | 24 | €1,067 | €2,163 | +€1,095 | +102.7% |
| Current assets | 29/58 | €171,646 | €153,916 | -€17,730 | -10.3% |
| Amounts receivable within one year | 40/41 | €100,587 | €89,055 | -€11,532 | -11.5% |
| Trade receivables | 40 | €94,734 | €83,519 | -€11,215 | -11.8% |
| Other amounts receivable | 41 | €5,853 | €5,536 | -€317 | -5.4% |
| Current investments | 50/53 | €11,000 | €12,000 | +€1,000 | +9.1% |
| Cash at bank and in hand | 54/58 | €52,449 | €48,404 | -€4,046 | -7.7% |
| Deferred charges and accrued income | 490/1 | €7,609 | €4,457 | -€3,152 | -41.4% |
| Total equity and liabilities | 10/49 | €307,274 | €285,322 | -€21,953 | -7.1% |
| Equity | 10/15 | €220,792 | €223,519 | +€2,727 | +1.2% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €5,859 | €5,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,256 | €208,983 | +€2,727 | +1.3% |
| Amounts payable | 17/49 | €86,483 | €61,803 | -€24,680 | -28.5% |
| Amounts payable after more than one year | 17 | €41,114 | €29,465 | -€11,649 | -28.3% |
| Financial debts | 170/4 | €41,114 | €29,465 | -€11,649 | -28.3% |
| Amounts payable within one year | 42/48 | €39,057 | €32,338 | -€6,720 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €12,805 | €11,649 | -€1,157 | -9.0% |
| Trade debts | 44 | €6,613 | €1,458 | -€5,155 | -78.0% |
| Suppliers | 440/4 | €6,613 | €1,458 | -€5,155 | -78.0% |
| Taxes, remuneration and social security | 45 | €4,242 | €10,430 | +€6,187 | +145.9% |
| Remuneration and social security | 454/9 | €4,242 | €10,430 | +€6,187 | +145.9% |
| Other amounts payable | 47/48 | €15,397 | €8,801 | -€6,596 | -42.8% |
| Accrued charges and deferred income | 492/3 | €6,311 | - | -€6,311 | |
| Remuneration, social security and pensions | 62 | €27,709 | €28,333 | +€624 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,640 | €6,078 | -€562 | -8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,500 | €12,500 | = | 0.0% |
| Other operating charges | 640/8 | €5,713 | €2,421 | -€3,293 | -57.6% |
| Gross operating margin | 9900 | €62,338 | €57,303 | -€5,035 | -8.1% |
| Operating profit (loss) | 9901 | €9,776 | €7,972 | -€1,805 | -18.5% |
| Financial income | 75/76B | €92 | €89 | -€3 | -3.5% |
| Recurring financial income | 75 | €92 | €89 | -€3 | -3.5% |
| Financial charges | 65/66B | €4,653 | €3,161 | -€1,492 | -32.1% |
| Recurring financial charges | 65 | €4,653 | €3,161 | -€1,492 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €5,216 | €4,899 | -€316 | -6.1% |
| Income taxes | 67/77 | €2,346 | €2,172 | -€173 | -7.4% |
| Profit (loss) for the period | 9904 | €2,870 | €2,727 | -€143 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,870 | €2,727 | -€143 | -5.0% |
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 6 October 2026 via checked.be.