DEVOCON: 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.
DEVOCON
Largest movements
- Receivables within one year +€109,098
up €109,098 (+649.7%), from €16,793 to €125,891
of which Other amounts receivable: +€106,908
- Cash -€95,518
down €95,518 (-69.2%), from €138,086 to €42,568
mainly Receivables within one year (-€109,098) and Contributions, distributions and other (-€69,739)
- Tangible fixed assets -€12,070
down €12,070 (-12.2%), from €99,058 to €86,988
of which Furniture and vehicles: -€9,916
- Deferred charges and accrued income +€6,198
up €6,198, from €0 to €6,198
- Other debts +€43,582
up €43,582 (+166.6%), from €26,156 to €69,739
- Reserves -€39,237
down €39,237 (-23.6%), from €166,358 to €127,121
- Tax, wage and social debts +€9,660
up €9,660 (+133.6%), from €7,228 to €16,888
- Debts after one year -€7,960
down €7,960 (-26.1%), from €30,487 to €22,527
- Gross operating margin -€40,946
down €40,946 (-36.7%), from €111,457 to €70,510
- Taxes -€8,446
down €8,446 (-35.2%), from €23,964 to €15,517
- Financial income +€1,816
up €1,816 (+1213.4%), from €150 to €1,965
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 | €253,937 | €261,645 | +€7,708 | +3.0% |
| Fixed assets | 21/28 | €99,058 | €86,988 | -€12,070 | -12.2% |
| Tangible fixed assets | 22/27 | €99,058 | €86,988 | -€12,070 | -12.2% |
| Land and buildings | 22 | €6,459 | €5,312 | -€1,148 | -17.8% |
| Plant, machinery and equipment | 23 | €2,057 | €1,050 | -€1,006 | -48.9% |
| Furniture and vehicles | 24 | €87,042 | €77,126 | -€9,916 | -11.4% |
| Other tangible fixed assets | 26 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €154,879 | €174,658 | +€19,778 | +12.8% |
| Amounts receivable within one year | 40/41 | €16,793 | €125,891 | +€109,098 | +649.7% |
| Trade receivables | 40 | €16,202 | €18,392 | +€2,190 | +13.5% |
| Other amounts receivable | 41 | €592 | €107,499 | +€106,908 | +18067.3% |
| Cash at bank and in hand | 54/58 | €138,086 | €42,568 | -€95,518 | -69.2% |
| Deferred charges and accrued income | 490/1 | €0 | €6,198 | +€6,198 | |
| Total equity and liabilities | 10/49 | €253,937 | €261,645 | +€7,708 | +3.0% |
| Equity | 10/15 | €172,853 | €133,616 | -€39,237 | -22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €166,358 | €127,121 | -€39,237 | -23.6% |
| Distributable reserves | 133 | €166,358 | €127,121 | -€39,237 | -23.6% |
| Profit (loss) carried forward | 14 | €295 | €295 | = | 0.0% |
| Amounts payable | 17/49 | €81,085 | €128,030 | +€46,945 | +57.9% |
| Amounts payable after more than one year | 17 | €30,487 | €22,527 | -€7,960 | -26.1% |
| Financial debts | 170/4 | €30,487 | €22,527 | -€7,960 | -26.1% |
| Amounts payable within one year | 42/48 | €50,598 | €105,503 | +€54,905 | +108.5% |
| Current portion of amounts payable after more than one year | 42 | €9,216 | €11,325 | +€2,109 | +22.9% |
| Trade debts | 44 | €7,997 | €7,551 | -€446 | -5.6% |
| Suppliers | 440/4 | €7,997 | €7,551 | -€446 | -5.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,228 | €16,888 | +€9,660 | +133.6% |
| Taxes | 450/3 | €7,228 | €16,888 | +€9,660 | +133.6% |
| Other amounts payable | 47/48 | €26,156 | €69,739 | +€43,582 | +166.6% |
| Non-recurring operating income | 76A | €52,695 | €0 | -€52,695 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,733 | €21,869 | +€136 | +0.6% |
| Other operating charges | 640/8 | €1,762 | €1,207 | -€555 | -31.5% |
| Gross operating margin | 9900 | €111,457 | €70,510 | -€40,946 | -36.7% |
| Operating profit (loss) | 9901 | €87,962 | €47,435 | -€40,527 | -46.1% |
| Financial income | 75/76B | €150 | €1,965 | +€1,816 | +1213.4% |
| Recurring financial income | 75 | €150 | €1,965 | +€1,816 | +1213.4% |
| Financial charges | 65/66B | €3,993 | €3,381 | -€611 | -15.3% |
| Recurring financial charges | 65 | €3,993 | €3,381 | -€611 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €84,118 | €46,019 | -€38,100 | -45.3% |
| Income taxes | 67/77 | €23,964 | €15,517 | -€8,446 | -35.2% |
| Profit (loss) for the period | 9904 | €60,155 | €30,501 | -€29,654 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,155 | €30,501 | -€29,654 | -49.3% |
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 4 October 2026 via checked.be.