DEVOLAN: 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.
DEVOLAN
Largest movements
- Tangible fixed assets +€114,577
up €114,577 (+18.7%), from €612,394 to €726,971
of which Furniture and vehicles: +€140,576
- Cash +€14,693
new in 2024: €14,693
mainly Depreciation (+€90,373) and Debts after one year (+€89,341)
- Debts after one year +€89,341
up €89,341 (+26.2%), from €340,455 to €429,797
- Trade debts -€43,005
down €43,005 (-65.2%), from €65,968 to €22,963
- Current portion of long-term debt +€38,189
up €38,189 (+79.8%), from €47,851 to €86,041
- Other debts +€27,446
up €27,446 (+13.7%), from €200,796 to €228,241
- Reserves +€13,340
up €13,340 (+297.0%), from €4,491 to €17,831
of which Distributable reserves: +€13,340
- Gross operating margin +€42,583
up €42,583 (+37.2%), from €114,519 to €157,101
- Depreciation +€39,634
up €39,634 (+78.1%), from €50,739 to €90,373
- Staff costs -€14,169
down €14,169 (-54.5%), from €26,016 to €11,847
- Financial charges +€11,648
up €11,648 (+98.4%), from €11,833 to €23,481
- Other operating charges +€4,317
up €4,317 (+106.6%), from €4,048 to €8,365
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €712,194 | €850,635 | +€138,441 | +19.4% |
| Fixed assets | 21/28 | €612,394 | €726,971 | +€114,577 | +18.7% |
| Tangible fixed assets | 22/27 | €612,394 | €726,971 | +€114,577 | +18.7% |
| Land and buildings | 22 | €504,231 | €475,500 | -€28,731 | -5.7% |
| Plant, machinery and equipment | 23 | €4,208 | €6,940 | +€2,732 | +64.9% |
| Furniture and vehicles | 24 | €103,955 | €244,531 | +€140,576 | +135.2% |
| Current assets | 29/58 | €99,801 | €123,664 | +€23,864 | +23.9% |
| Amounts receivable within one year | 40/41 | €97,839 | €101,045 | +€3,206 | +3.3% |
| Trade receivables | 40 | €97,839 | €94,875 | -€2,964 | -3.0% |
| Other amounts receivable | 41 | - | €6,171 | +€6,171 | |
| Cash at bank and in hand | 54/58 | - | €14,693 | +€14,693 | |
| Deferred charges and accrued income | 490/1 | €1,961 | €7,926 | +€5,965 | +304.1% |
| Total equity and liabilities | 10/49 | €712,194 | €850,635 | +€138,441 | +19.4% |
| Equity | 10/15 | €10,640 | €30,231 | +€19,591 | +184.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,491 | €17,831 | +€13,340 | +297.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,798 | €1,798 | = | 0.0% |
| Distributable reserves | 133 | €834 | €14,174 | +€13,340 | +1600.1% |
| Profit (loss) carried forward | 14 | -€6,251 | €0 | +€6,251 | |
| Provisions and deferred taxes | 16 | €16,985 | €16,985 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,985 | €16,985 | = | 0.0% |
| Pensions and similar obligations | 160 | €16,985 | €16,985 | = | 0.0% |
| Amounts payable | 17/49 | €684,569 | €803,418 | +€118,849 | +17.4% |
| Amounts payable after more than one year | 17 | €340,455 | €429,797 | +€89,341 | +26.2% |
| Financial debts | 170/4 | €340,455 | €429,797 | +€89,341 | +26.2% |
| Amounts payable within one year | 42/48 | €342,380 | €373,621 | +€31,242 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €47,851 | €86,041 | +€38,189 | +79.8% |
| Financial debts | 43 | €26,499 | €26,499 | = | 0.0% |
| Credit institutions | 430/8 | €26,499 | €26,499 | = | 0.0% |
| Trade debts | 44 | €65,968 | €22,963 | -€43,005 | -65.2% |
| Suppliers | 440/4 | €65,968 | €22,963 | -€43,005 | -65.2% |
| Taxes, remuneration and social security | 45 | €1,265 | €9,877 | +€8,611 | +680.6% |
| Taxes | 450/3 | €1,265 | €4,663 | +€3,398 | +268.6% |
| Remuneration and social security | 454/9 | - | €5,213 | +€5,213 | |
| Other amounts payable | 47/48 | €200,796 | €228,241 | +€27,446 | +13.7% |
| Accrued charges and deferred income | 492/3 | €1,734 | €0 | -€1,734 | -100.0% |
| Remuneration, social security and pensions | 62 | €26,016 | €11,847 | -€14,169 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,739 | €90,373 | +€39,634 | +78.1% |
| Other operating charges | 640/8 | €4,048 | €8,365 | +€4,317 | +106.6% |
| Gross operating margin | 9900 | €114,519 | €157,101 | +€42,583 | +37.2% |
| Operating profit (loss) | 9901 | €33,715 | €46,516 | +€12,801 | +38.0% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100.0% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100.0% |
| Financial charges | 65/66B | €11,833 | €23,481 | +€11,648 | +98.4% |
| Recurring financial charges | 65 | €11,833 | €23,481 | +€11,648 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €21,895 | €23,035 | +€1,141 | +5.2% |
| Income taxes | 67/77 | €132 | €3,444 | +€3,313 | +2518.7% |
| Profit (loss) for the period | 9904 | €21,763 | €19,591 | -€2,172 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,763 | €19,591 | -€2,172 | -10.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.