DEVOGES: 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.
DEVOGES
Largest movements
- Tangible fixed assets -€8,185
down €8,185 (-19.7%), from €41,450 to €33,265
of which Furniture and vehicles: -€6,172
- Cash -€4,356
down €4,356 (-66.0%), from €6,595 to €2,239
mainly Trade debts (-€14,133) and Other debts (-€3,927)
- Receivables within one year -€3,859
down €3,859 (-26.4%), from €14,595 to €10,735
of which Trade receivables: -€3,346
- Stocks and contracts +€1,035
up €1,035 (+30.6%), from €3,389 to €4,425
- Trade debts -€14,133
down €14,133 (-52.3%), from €27,019 to €12,886
- Profit (loss) carried forward +€10,072
up €10,072 (+54.3%), from -€18,562 to -€8,490
- Other debts -€3,927
down €3,927 (-20.7%), from €18,984 to €15,057
- Debts after one year -€3,387
no longer reported in 2025 (was €3,387)
- Tax, wage and social debts -€1,943
no longer reported in 2025 (was €1,943)
of which Remuneration and social security: -€1,931
- Gross operating margin -€16,825
down €16,825 (-36.4%), from €46,179 to €29,355
- Staff costs -€2,848
down €2,848 (-28.5%), from €10,008 to €7,161
- Financial charges -€691
down €691 (-38.4%), from €1,798 to €1,107
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 | €66,085 | €50,720 | -€15,365 | -23.3% |
| Fixed assets | 21/28 | €41,506 | €33,321 | -€8,185 | -19.7% |
| Tangible fixed assets | 22/27 | €41,450 | €33,265 | -€8,185 | -19.7% |
| Land and buildings | 22 | €29,777 | €27,899 | -€1,878 | -6.3% |
| Plant, machinery and equipment | 23 | €135 | - | -€135 | |
| Furniture and vehicles | 24 | €11,538 | €5,365 | -€6,172 | -53.5% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €24,579 | €17,399 | -€7,180 | -29.2% |
| Stocks and contracts in progress | 3 | €3,389 | €4,425 | +€1,035 | +30.6% |
| Stocks | 30/36 | €3,389 | €4,425 | +€1,035 | +30.6% |
| Amounts receivable within one year | 40/41 | €14,595 | €10,735 | -€3,859 | -26.4% |
| Trade receivables | 40 | €13,605 | €10,259 | -€3,346 | -24.6% |
| Other amounts receivable | 41 | €990 | €476 | -€514 | -51.9% |
| Cash at bank and in hand | 54/58 | €6,595 | €2,239 | -€4,356 | -66.0% |
| Total equity and liabilities | 10/49 | €66,085 | €50,720 | -€15,365 | -23.3% |
| Equity | 10/15 | €6,438 | €16,510 | +€10,072 | +156% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,562 | -€8,490 | +€10,072 | +54.3% |
| Amounts payable | 17/49 | €59,647 | €34,209 | -€25,437 | -42.6% |
| Amounts payable after more than one year | 17 | €3,387 | - | -€3,387 | |
| Financial debts | 170/4 | €3,387 | - | -€3,387 | |
| Amounts payable within one year | 42/48 | €56,260 | €34,209 | -€22,050 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €4,990 | €3,387 | -€1,603 | -32.1% |
| Financial debts | 43 | €3,323 | €2,879 | -€444 | -13.4% |
| Credit institutions | 430/8 | €3,323 | €2,879 | -€444 | -13.4% |
| Trade debts | 44 | €27,019 | €12,886 | -€14,133 | -52.3% |
| Suppliers | 440/4 | €27,019 | €12,886 | -€14,133 | -52.3% |
| Taxes, remuneration and social security | 45 | €1,943 | - | -€1,943 | |
| Taxes | 450/3 | €12 | - | -€12 | |
| Remuneration and social security | 454/9 | €1,931 | - | -€1,931 | |
| Other amounts payable | 47/48 | €18,984 | €15,057 | -€3,927 | -20.7% |
| Remuneration, social security and pensions | 62 | €10,008 | €7,161 | -€2,848 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,034 | €8,185 | +€151 | +1.9% |
| Other operating charges | 640/8 | €2,453 | €2,865 | +€412 | +16.8% |
| Non-recurring operating charges | 66A | €3,038 | - | -€3,038 | |
| Gross operating margin | 9900 | €46,179 | €29,355 | -€16,825 | -36.4% |
| Operating profit (loss) | 9901 | €22,646 | €11,144 | -€11,502 | -50.8% |
| Financial income | 75/76B | €6 | €35 | +€29 | +506% |
| Recurring financial income | 75 | €6 | €35 | +€29 | +506% |
| Financial charges | 65/66B | €1,798 | €1,107 | -€691 | -38.4% |
| Recurring financial charges | 65 | €1,798 | €1,107 | -€691 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €20,854 | €10,072 | -€10,782 | -51.7% |
| Profit (loss) for the period | 9904 | €20,854 | €10,072 | -€10,782 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,854 | €10,072 | -€10,782 | -51.7% |
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 15 October 2026 via checked.be.