DEVOLDERE: 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.
DEVOLDERE
Largest movements
- Cash +€33,765
up €33,765 (+504%), from €6,706 to €40,470
mainly Net result for the year (+€74,842) and Other debts (+€30,000)
- Receivables within one year +€23,767
up €23,767 (+89.2%), from €26,652 to €50,419
of which Other amounts receivable: +€18,955
- Tangible fixed assets -€12,418
down €12,418 (-10.2%), from €122,171 to €109,753
of which Furniture and vehicles: -€14,369
- Deferred charges and accrued income +€4,766
new in 2025: €4,766
- Other debts +€30,000
new in 2025: €30,000
- Tax, wage and social debts +€22,785
up €22,785 (+361%), from €6,310 to €29,095
- Reserves -€16,258
down €16,258 (-12.8%), from €126,715 to €110,457
of which Distributable reserves: -€14,383
- Trade debts +€9,138
up €9,138 (+68.5%), from €13,342 to €22,480
- Debts after one year +€5,711
new in 2025: €5,711
- Turnover -€216,302
no longer reported in 2025 (was €216,302)
- Purchases and services -€187,646
no longer reported in 2025 (was €187,646)
- Gross operating margin +€109,918
up €109,918 (+275%), from €39,948 to €149,866
- Taxes +€30,990
up €30,990 (+2,230%), from €1,390 to €32,380
- Staff costs -€5,121
no longer reported in 2025 (was €5,121)
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 | €155,958 | €205,837 | +€49,879 | +32.0% |
| Fixed assets | 21/28 | €122,601 | €110,183 | -€12,418 | -10.1% |
| Tangible fixed assets | 22/27 | €122,171 | €109,753 | -€12,418 | -10.2% |
| Land and buildings | 22 | €83,674 | €85,625 | +€1,950 | +2.3% |
| Furniture and vehicles | 24 | €38,496 | €24,128 | -€14,369 | -37.3% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €33,357 | €95,655 | +€62,298 | +187% |
| Amounts receivable within one year | 40/41 | €26,652 | €50,419 | +€23,767 | +89.2% |
| Trade receivables | 40 | €19,962 | €24,774 | +€4,812 | +24.1% |
| Other amounts receivable | 41 | €6,690 | €25,645 | +€18,955 | +283% |
| Cash at bank and in hand | 54/58 | €6,706 | €40,470 | +€33,765 | +504% |
| Deferred charges and accrued income | 490/1 | - | €4,766 | +€4,766 | |
| Total equity and liabilities | 10/49 | €155,958 | €205,837 | +€49,879 | +32.0% |
| Equity | 10/15 | €133,070 | €116,812 | -€16,258 | -12.2% |
| Contributions | 10/11 | €6,355 | €6,355 | = | 0.0% |
| Capital | 10 | €6,355 | - | -€6,355 | |
| Issued capital | 100 | €18,750 | - | -€18,750 | |
| Uncalled capital | 101 | €12,395 | - | -€12,395 | |
| Reserves | 13 | €126,715 | €110,457 | -€16,258 | -12.8% |
| Non-distributable reserves | 130/1 | €1,875 | - | -€1,875 | |
| Legal reserve | 130 | €1,875 | - | -€1,875 | |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €120,840 | €106,457 | -€14,383 | -11.9% |
| Amounts payable | 17/49 | €22,888 | €89,025 | +€66,137 | +289% |
| Amounts payable after more than one year | 17 | - | €5,711 | +€5,711 | |
| Financial debts | 170/4 | - | €5,711 | +€5,711 | |
| Amounts payable within one year | 42/48 | €22,888 | €83,315 | +€60,427 | +264% |
| Current portion of amounts payable after more than one year | 42 | €3,236 | €1,740 | -€1,496 | -46.2% |
| Trade debts | 44 | €13,342 | €22,480 | +€9,138 | +68.5% |
| Suppliers | 440/4 | €13,342 | €22,480 | +€9,138 | +68.5% |
| Taxes, remuneration and social security | 45 | €6,310 | €29,095 | +€22,785 | +361% |
| Taxes | 450/3 | €6,310 | €29,095 | +€22,785 | +361% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Turnover | 70 | €216,302 | - | -€216,302 | |
| Non-recurring operating income | 76A | - | €18,500 | +€18,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €187,646 | - | -€187,646 | |
| Remuneration, social security and pensions | 62 | €5,121 | - | -€5,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,452 | €28,498 | +€46 | +0.2% |
| Other operating charges | 640/8 | €3,019 | €2,502 | -€517 | -17.1% |
| Non-recurring operating charges | 66A | - | €10,753 | +€10,753 | |
| Gross operating margin | 9900 | €39,948 | €149,866 | +€109,918 | +275% |
| Operating profit (loss) | 9901 | €3,356 | €108,113 | +€104,757 | +3,121% |
| Financial income | 75/76B | €179 | €20 | -€159 | -88.7% |
| Recurring financial income | 75 | €179 | €20 | -€159 | -88.7% |
| Financial charges | 65/66B | €393 | €912 | +€519 | +132% |
| Recurring financial charges | 65 | €393 | €912 | +€519 | +132% |
| Profit (loss) for the period before taxes | 9903 | €3,143 | €107,222 | +€104,079 | +3,312% |
| Income taxes | 67/77 | €1,390 | €32,380 | +€30,990 | +2,230% |
| Profit (loss) for the period | 9904 | €1,753 | €74,842 | +€73,089 | +4,170% |
| Profit (loss) for the period to be appropriated | 9905 | €1,753 | €74,842 | +€73,089 | +4,170% |
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 16 October 2026 via checked.be.