DEVOLEC: 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.
DEVOLEC
Largest movements
- Receivables within one year +€97,873
up €97,873 (+119%), from €82,038 to €179,911
of which Trade receivables: +€94,409
- Tangible fixed assets -€42,823
down €42,823 (-11.5%), from €370,903 to €328,080
of which Land and buildings: -€27,132
- Receivables after one year -€26,000
down €26,000 (-94.5%), from €27,500 to €1,500
- Cash -€16,627
down €16,627 (-16.5%), from €100,832 to €84,205
mainly Contributions, distributions and other (-€234,673) and Receivables within one year (-€97,873)
- Reserves -€188,069
down €188,069 (-53.1%), from €354,363 to €166,293
- Other debts +€160,342
up €160,342 (+14,540%), from €1,103 to €161,444
- Trade debts +€42,168
up €42,168 (+96.0%), from €43,934 to €86,102
- Advances received +€40,000
new in 2025: €40,000
- Debts after one year -€38,502
down €38,502 (-42.4%), from €90,868 to €52,367
- Taxes -€34,012
down €34,012 (-52.2%), from €65,212 to €31,200
- Other operating charges -€21,529
down €21,529 (-83.9%), from €25,656 to €4,127
- Gross operating margin -€13,990
down €13,990 (-6.9%), from €203,905 to €189,915
- Staff costs -€5,721
down €5,721 (-8.0%), from €71,461 to €65,740
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 | €582,961 | €596,514 | +€13,553 | +2.3% |
| Fixed assets | 21/28 | €370,903 | €328,080 | -€42,823 | -11.5% |
| Tangible fixed assets | 22/27 | €370,903 | €328,080 | -€42,823 | -11.5% |
| Land and buildings | 22 | €337,204 | €310,072 | -€27,132 | -8.0% |
| Furniture and vehicles | 24 | €33,699 | €18,008 | -€15,691 | -46.6% |
| Current assets | 29/58 | €212,058 | €268,434 | +€56,376 | +26.6% |
| Amounts receivable after more than one year | 29 | €27,500 | €1,500 | -€26,000 | -94.5% |
| Other amounts receivable | 291 | €27,500 | €1,500 | -€26,000 | -94.5% |
| Amounts receivable within one year | 40/41 | €82,038 | €179,911 | +€97,873 | +119% |
| Trade receivables | 40 | €72,349 | €166,758 | +€94,409 | +130% |
| Other amounts receivable | 41 | €9,689 | €13,153 | +€3,464 | +35.7% |
| Cash at bank and in hand | 54/58 | €100,832 | €84,205 | -€16,627 | -16.5% |
| Deferred charges and accrued income | 490/1 | €1,688 | €2,818 | +€1,130 | +67.0% |
| Total equity and liabilities | 10/49 | €582,961 | €596,514 | +€13,553 | +2.3% |
| Equity | 10/15 | €366,763 | €178,693 | -€188,069 | -51.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €354,363 | €166,293 | -€188,069 | -53.1% |
| Distributable reserves | 133 | €354,363 | €166,293 | -€188,069 | -53.1% |
| Amounts payable | 17/49 | €216,198 | €417,821 | +€201,622 | +93.3% |
| Amounts payable after more than one year | 17 | €90,868 | €52,367 | -€38,502 | -42.4% |
| Financial debts | 170/4 | €90,868 | €52,367 | -€38,502 | -42.4% |
| Amounts payable within one year | 42/48 | €125,330 | €365,454 | +€240,124 | +192% |
| Current portion of amounts payable after more than one year | 42 | €46,180 | €38,502 | -€7,679 | -16.6% |
| Trade debts | 44 | €43,934 | €86,102 | +€42,168 | +96.0% |
| Suppliers | 440/4 | €43,934 | €86,102 | +€42,168 | +96.0% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €34,113 | €39,406 | +€5,293 | +15.5% |
| Taxes | 450/3 | €31,834 | €35,016 | +€3,182 | +10.0% |
| Remuneration and social security | 454/9 | €2,279 | €4,390 | +€2,111 | +92.6% |
| Other amounts payable | 47/48 | €1,103 | €161,444 | +€160,342 | +14,540% |
| Remuneration, social security and pensions | 62 | €71,461 | €65,740 | -€5,721 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,656 | €42,823 | +€167 | +0.4% |
| Other operating charges | 640/8 | €25,656 | €4,127 | -€21,529 | -83.9% |
| Gross operating margin | 9900 | €203,905 | €189,915 | -€13,990 | -6.9% |
| Operating profit (loss) | 9901 | €64,132 | €77,225 | +€13,093 | +20.4% |
| Financial income | 75/76B | €4,422 | €2,903 | -€1,519 | -34.3% |
| Recurring financial income | 75 | €4,422 | €2,903 | -€1,519 | -34.3% |
| Financial charges | 65/66B | €3,017 | €2,324 | -€692 | -22.9% |
| Recurring financial charges | 65 | €3,017 | €2,324 | -€692 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €65,537 | €77,803 | +€12,267 | +18.7% |
| Income taxes | 67/77 | €65,212 | €31,200 | -€34,012 | -52.2% |
| Profit (loss) for the period | 9904 | €325 | €46,603 | +€46,279 | +14,243% |
| Profit (loss) for the period to be appropriated | 9905 | €325 | €46,603 | +€46,279 | +14,243% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.