Devokon: 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.
Devokon
Largest movements
- Receivables within one year -€106,876
down €106,876 (-52.5%), from €203,474 to €96,599
of which Trade receivables: -€97,700
- Stocks and contracts +€84,251
up €84,251 (+8.7%), from €972,085 to €1.1m
- Cash +€31,777
up €31,777 (+138%), from €22,999 to €54,775
mainly Receivables within one year (+€106,876) and Depreciation (+€54,603)
- Short-term financial debts -€40,000
down €40,000 (-11.6%), from €345,000 to €305,000
- Trade debts +€39,470
up €39,470 (+39.0%), from €101,146 to €140,616
- Debts after one year -€18,625
down €18,625 (-48.7%), from €38,242 to €19,617
- Depreciation +€7,144
up €7,144 (+15.1%), from €47,459 to €54,603
- Financial income +€2,532
up €2,532 (+2,525%), from €100 to €2,633
- Financial charges -€2,082
down €2,082 (-9.6%), from €21,609 to €19,528
- Gross operating margin +€1,902
up €1,902 (+1.7%), from €112,708 to €114,611
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 | €1,677,069 | €1,675,859 | -€1,210 | -0.1% |
| Fixed assets | 21/28 | €478,131 | €467,420 | -€10,710 | -2.2% |
| Tangible fixed assets | 22/27 | €478,131 | €467,420 | -€10,710 | -2.2% |
| Land and buildings | 22 | €431,051 | €389,332 | -€41,720 | -9.7% |
| Plant, machinery and equipment | 23 | €41,814 | €74,122 | +€32,308 | +77.3% |
| Furniture and vehicles | 24 | €5,265 | €3,967 | -€1,298 | -24.7% |
| Current assets | 29/58 | €1,198,938 | €1,208,439 | +€9,501 | +0.8% |
| Stocks and contracts in progress | 3 | €972,085 | €1,056,336 | +€84,251 | +8.7% |
| Stocks | 30/36 | €972,085 | €1,056,336 | +€84,251 | +8.7% |
| Amounts receivable within one year | 40/41 | €203,474 | €96,599 | -€106,876 | -52.5% |
| Trade receivables | 40 | €167,965 | €70,264 | -€97,700 | -58.2% |
| Other amounts receivable | 41 | €35,509 | €26,334 | -€9,175 | -25.8% |
| Cash at bank and in hand | 54/58 | €22,999 | €54,775 | +€31,777 | +138% |
| Deferred charges and accrued income | 490/1 | €380 | €729 | +€348 | +91.6% |
| Total equity and liabilities | 10/49 | €1,677,069 | €1,675,859 | -€1,210 | -0.1% |
| Equity | 10/15 | €1,074,413 | €1,079,459 | +€5,047 | +0.5% |
| Contributions | 10/11 | €209,747 | €209,747 | = | 0.0% |
| Reserves | 13 | €864,665 | €869,712 | +€5,047 | +0.6% |
| Tax-exempt reserves | 132 | €37,039 | €36,184 | -€855 | -2.3% |
| Distributable reserves | 133 | €827,627 | €833,528 | +€5,901 | +0.7% |
| Provisions and deferred taxes | 16 | €881 | €440 | -€440 | -50.0% |
| Deferred taxes | 168 | €881 | €440 | -€440 | -50.0% |
| Amounts payable | 17/49 | €601,775 | €595,959 | -€5,816 | -1.0% |
| Amounts payable after more than one year | 17 | €38,242 | €19,617 | -€18,625 | -48.7% |
| Financial debts | 170/4 | €38,242 | €19,617 | -€18,625 | -48.7% |
| Amounts payable within one year | 42/48 | €563,533 | €576,342 | +€12,809 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €18,583 | €18,625 | +€42 | +0.2% |
| Financial debts | 43 | €345,000 | €305,000 | -€40,000 | -11.6% |
| Credit institutions | 430/8 | €345,000 | €305,000 | -€40,000 | -11.6% |
| Trade debts | 44 | €101,146 | €140,616 | +€39,470 | +39.0% |
| Suppliers | 440/4 | €101,146 | €140,616 | +€39,470 | +39.0% |
| Taxes, remuneration and social security | 45 | €1,323 | €4,106 | +€2,783 | +210% |
| Taxes | 450/3 | €1,323 | €4,106 | +€2,783 | +210% |
| Other amounts payable | 47/48 | €97,481 | €107,995 | +€10,514 | +10.8% |
| Remuneration, social security and pensions | 62 | €1,380 | €1,410 | +€30 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,459 | €54,603 | +€7,144 | +15.1% |
| Other operating charges | 640/8 | €33,632 | €33,956 | +€324 | +1.0% |
| Gross operating margin | 9900 | €112,708 | €114,611 | +€1,902 | +1.7% |
| Operating profit (loss) | 9901 | €30,237 | €24,642 | -€5,596 | -18.5% |
| Financial income | 75/76B | €100 | €2,633 | +€2,532 | +2,525% |
| Recurring financial income | 75 | €100 | €2,633 | +€2,532 | +2,525% |
| Financial charges | 65/66B | €21,609 | €19,528 | -€2,082 | -9.6% |
| Recurring financial charges | 65 | €21,609 | €19,528 | -€2,082 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €8,728 | €7,747 | -€982 | -11.2% |
| Transfer from deferred taxes | 780 | €440 | €440 | = | 0.0% |
| Income taxes | 67/77 | €3,428 | €3,140 | -€288 | -8.4% |
| Profit (loss) for the period | 9904 | €5,740 | €5,047 | -€694 | -12.1% |
| Transfer from tax-exempt reserves | 789 | €855 | €855 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,595 | €5,901 | -€694 | -10.5% |
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 25 October 2026 via checked.be.