DEVOGHEL 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.
DEVOGHEL INVEST
Largest movements
- Tangible fixed assets -€40,239
down €40,239 (-2.8%), from €1.4m to €1.4m
of which Land and buildings: -€38,871
- Cash +€26,304
up €26,304 (+31.7%), from €82,892 to €109,195
mainly Depreciation (+€40,239) and Other debts (+€16,502)
- Receivables within one year +€22,139
up €22,139 (+402%), from €5,508 to €27,647
of which Trade receivables: +€23,355
- Other debts +€16,502
up €16,502 (+5.0%), from €332,962 to €349,464
- Profit (loss) carried forward -€16,492
down €16,492 (-23.7%), from -€69,445 to -€85,937
- Depreciation -€29,956
down €29,956 (-42.7%), from €70,194 to €40,239
- Gross operating margin +€17,425
up €17,425 (+44.7%), from €38,953 to €56,378
- Financial income -€4,054
down €4,054 (-100%), from €4,054 to €0
- Financial charges -€2,218
down €2,218 (-8.6%), from €25,829 to €23,611
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 | €1,503,747 | €1,515,066 | +€11,319 | +0.8% |
| Fixed assets | 21/28 | €1,415,347 | €1,375,108 | -€40,239 | -2.8% |
| Tangible fixed assets | 22/27 | €1,415,347 | €1,375,108 | -€40,239 | -2.8% |
| Land and buildings | 22 | €1,413,523 | €1,374,652 | -€38,871 | -2.7% |
| Plant, machinery and equipment | 23 | €1,824 | €456 | -€1,368 | -75.0% |
| Current assets | 29/58 | €88,400 | €139,958 | +€51,558 | +58.3% |
| Amounts receivable within one year | 40/41 | €5,508 | €27,647 | +€22,139 | +402% |
| Trade receivables | 40 | €4,292 | €27,647 | +€23,355 | +544% |
| Other amounts receivable | 41 | €1,216 | €0 | -€1,216 | -100% |
| Cash at bank and in hand | 54/58 | €82,892 | €109,195 | +€26,304 | +31.7% |
| Deferred charges and accrued income | 490/1 | - | €3,115 | +€3,115 | |
| Total equity and liabilities | 10/49 | €1,503,747 | €1,515,066 | +€11,319 | +0.8% |
| Equity | 10/15 | €1,160,555 | €1,144,063 | -€16,492 | -1.4% |
| Contributions | 10/11 | €1,230,000 | €1,230,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,445 | -€85,937 | -€16,492 | -23.7% |
| Amounts payable | 17/49 | €343,192 | €371,003 | +€27,811 | +8.1% |
| Amounts payable within one year | 42/48 | €340,692 | €365,285 | +€24,593 | +7.2% |
| Trade debts | 44 | - | €5,919 | +€5,919 | |
| Suppliers | 440/4 | - | €5,919 | +€5,919 | |
| Taxes, remuneration and social security | 45 | €7,730 | €9,903 | +€2,173 | +28.1% |
| Taxes | 450/3 | €7,730 | €9,903 | +€2,173 | +28.1% |
| Other amounts payable | 47/48 | €332,962 | €349,464 | +€16,502 | +5.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €5,718 | +€3,218 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,194 | €40,239 | -€29,956 | -42.7% |
| Other operating charges | 640/8 | €8,493 | €9,021 | +€528 | +6.2% |
| Gross operating margin | 9900 | €38,953 | €56,378 | +€17,425 | +44.7% |
| Operating profit (loss) | 9901 | -€39,734 | €7,118 | +€46,853 | |
| Financial income | 75/76B | €4,054 | €0 | -€4,054 | -100% |
| Recurring financial income | 75 | €4,054 | €0 | -€4,054 | -100% |
| Financial charges | 65/66B | €25,829 | €23,611 | -€2,218 | -8.6% |
| Recurring financial charges | 65 | €25,829 | €23,611 | -€2,218 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€61,509 | -€16,492 | +€45,017 | +73.2% |
| Profit (loss) for the period | 9904 | -€61,509 | -€16,492 | +€45,017 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,509 | -€16,492 | +€45,017 | +73.2% |
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.