DEVODEL 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.
DEVODEL INVEST
Largest movements
- Receivables after one year +€340,000
up €340,000 (+85.0%), from €400,000 to €740,000
- Receivables within one year -€217,931
down €217,931 (-87.2%), from €250,000 to €32,069
of which Other amounts receivable: -€250,000
- Cash -€52,091
down €52,091 (-19.8%), from €262,755 to €210,664
mainly Receivables after one year (-€340,000) and Deferred charges and accrued income (-€18,434)
- Deferred charges and accrued income +€18,434
up €18,434 (+178.4%), from €10,335 to €28,769
- Debts after one year +€70,000
new in 2025: €70,000
- Gross operating margin -€423,987
down €423,987 (-93.1%), from €455,322 to €31,334
- Taxes -€130,371
down €130,371 (-94.1%), from €138,563 to €8,192
- Financial income +€5,539
up €5,539 (+110.6%), from €5,007 to €10,546
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 | €1,190,282 | €1,267,503 | +€77,221 | +6.5% |
| Fixed assets | 21/28 | €267,192 | €256,001 | -€11,191 | -4.2% |
| Tangible fixed assets | 22/27 | €267,192 | €256,001 | -€11,191 | -4.2% |
| Land and buildings | 22 | €257,843 | €251,013 | -€6,829 | -2.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €9,350 | €4,988 | -€4,362 | -46.7% |
| Current assets | 29/58 | €923,090 | €1,011,503 | +€88,413 | +9.6% |
| Amounts receivable after more than one year | 29 | €400,000 | €740,000 | +€340,000 | +85.0% |
| Trade receivables | 290 | €400,000 | €740,000 | +€340,000 | +85.0% |
| Amounts receivable within one year | 40/41 | €250,000 | €32,069 | -€217,931 | -87.2% |
| Trade receivables | 40 | - | €32,069 | +€32,069 | |
| Other amounts receivable | 41 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €262,755 | €210,664 | -€52,091 | -19.8% |
| Deferred charges and accrued income | 490/1 | €10,335 | €28,769 | +€18,434 | +178.4% |
| Total equity and liabilities | 10/49 | €1,190,282 | €1,267,503 | +€77,221 | +6.5% |
| Equity | 10/15 | €1,136,974 | €1,139,062 | +€2,088 | +0.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,075,474 | €1,077,562 | +€2,088 | +0.2% |
| Non-distributable reserves | 130/1 | €37,763 | €37,763 | = | 0.0% |
| Legal reserve | 130 | €37,763 | €37,763 | = | 0.0% |
| Distributable reserves | 133 | €1,037,711 | €1,039,799 | +€2,088 | +0.2% |
| Amounts payable | 17/49 | €53,308 | €128,441 | +€75,133 | +140.9% |
| Amounts payable after more than one year | 17 | - | €70,000 | +€70,000 | |
| Other amounts payable | 178/9 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €50,039 | €58,234 | +€8,195 | +16.4% |
| Trade debts | 44 | €3,599 | €2,602 | -€997 | -27.7% |
| Suppliers | 440/4 | €3,599 | €2,602 | -€997 | -27.7% |
| Taxes, remuneration and social security | 45 | €38,422 | €43,614 | +€5,192 | +13.5% |
| Taxes | 450/3 | €38,422 | €43,614 | +€5,192 | +13.5% |
| Other amounts payable | 47/48 | €8,017 | €12,017 | +€4,000 | +49.9% |
| Accrued charges and deferred income | 492/3 | €3,269 | €207 | -€3,062 | -93.7% |
| Non-recurring operating income | 76A | €433,328 | - | -€433,328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,588 | €13,800 | +€211 | +1.6% |
| Other operating charges | 640/8 | €8,418 | €6,032 | -€2,386 | -28.3% |
| Gross operating margin | 9900 | €455,322 | €31,334 | -€423,987 | -93.1% |
| Operating profit (loss) | 9901 | €433,315 | €11,503 | -€421,812 | -97.3% |
| Financial income | 75/76B | €5,007 | €10,546 | +€5,539 | +110.6% |
| Recurring financial income | 75 | €5,007 | €10,546 | +€5,539 | +110.6% |
| Financial charges | 65/66B | €3,032 | -€231 | -€3,263 | |
| Recurring financial charges | 65 | €3,032 | -€231 | -€3,263 | |
| Profit (loss) for the period before taxes | 9903 | €435,290 | €22,280 | -€413,010 | -94.9% |
| Income taxes | 67/77 | €138,563 | €8,192 | -€130,371 | -94.1% |
| Profit (loss) for the period | 9904 | €296,727 | €14,088 | -€282,639 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €296,727 | €14,088 | -€282,639 | -95.3% |
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 11 October 2026 via checked.be.