DEVON: what changed
Two fiscal 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.
DEVON
Largest movements
- Receivables after one year -€40,000
down €40,000 (-25.0%), from €160,000 to €120,000
- Cash +€25,762
up €25,762 (+22.2%), from €115,823 to €141,586
mainly Net result for the year (+€85,679) and Receivables after one year (+€40,000)
- Receivables within one year +€14,339
up €14,339 (+22.2%), from €64,687 to €79,026
of which Other amounts receivable: +€21,318
- Reserves +€36,969
up €36,969 (+10.6%), from €347,562 to €384,531
- Other debts -€28,982
no longer reported in 2025 (was €28,982)
- Trade debts -€4,536
down €4,536 (-75.0%), from €6,045 to €1,509
- Gross operating margin +€10,764
up €10,764 (+7.7%), from €140,510 to €151,273
- Depreciation +€8,068
up €8,068 (+39.8%), from €20,247 to €28,315
- Financial charges -€2,526
down €2,526 (-90.4%), from €2,795 to €269
- Taxes -€1,871
down €1,871 (-4.3%), from €43,266 to €41,394
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.
Cash bridge derived
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 | €422,933 | €423,866 | +€933 | +0.2% |
| Fixed assets | 21/28 | €80,042 | €80,875 | +€832 | +1.0% |
| Tangible fixed assets | 22/27 | €80,042 | €80,875 | +€832 | +1.0% |
| Land and buildings | 22 | €16,794 | €12,603 | -€4,191 | -25.0% |
| Plant, machinery and equipment | 23 | €52,910 | €64,903 | +€11,992 | +22.7% |
| Furniture and vehicles | 24 | €10,338 | €3,369 | -€6,969 | -67.4% |
| Current assets | 29/58 | €342,890 | €342,991 | +€101 | 0.0% |
| Amounts receivable after more than one year | 29 | €160,000 | €120,000 | -€40,000 | -25.0% |
| Other amounts receivable | 291 | €160,000 | €120,000 | -€40,000 | -25.0% |
| Stocks and contracts in progress | 3 | €2,380 | €2,380 | = | 0.0% |
| Stocks | 30/36 | €2,380 | €2,380 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,687 | €79,026 | +€14,339 | +22.2% |
| Trade receivables | 40 | €24,503 | €17,524 | -€6,979 | -28.5% |
| Other amounts receivable | 41 | €40,184 | €61,502 | +€21,318 | +53.0% |
| Cash at bank and in hand | 54/58 | €115,823 | €141,586 | +€25,762 | +22.2% |
| Total equity and liabilities | 10/49 | €422,933 | €423,866 | +€933 | +0.2% |
| Equity | 10/15 | €366,162 | €403,131 | +€36,969 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €347,562 | €384,531 | +€36,969 | +10.6% |
| Distributable reserves | 133 | €347,562 | €384,531 | +€36,969 | +10.6% |
| Amounts payable | 17/49 | €56,771 | €20,735 | -€36,036 | -63.5% |
| Amounts payable within one year | 42/48 | €53,392 | €19,418 | -€33,975 | -63.6% |
| Trade debts | 44 | €6,045 | €1,509 | -€4,536 | -75.0% |
| Suppliers | 440/4 | €6,045 | €1,509 | -€4,536 | -75.0% |
| Taxes, remuneration and social security | 45 | €18,365 | €17,908 | -€457 | -2.5% |
| Taxes | 450/3 | €18,365 | €17,908 | -€457 | -2.5% |
| Other amounts payable | 47/48 | €28,982 | - | -€28,982 | |
| Accrued charges and deferred income | 492/3 | €3,379 | €1,317 | -€2,061 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,247 | €28,315 | +€8,068 | +39.8% |
| Other operating charges | 640/8 | €724 | €898 | +€174 | +24.0% |
| Gross operating margin | 9900 | €140,510 | €151,273 | +€10,764 | +7.7% |
| Operating profit (loss) | 9901 | €119,539 | €122,061 | +€2,522 | +2.1% |
| Financial income | 75/76B | €6,600 | €5,282 | -€1,318 | -20.0% |
| Recurring financial income | 75 | €6,600 | €5,282 | -€1,318 | -20.0% |
| Financial charges | 65/66B | €2,795 | €269 | -€2,526 | -90.4% |
| Recurring financial charges | 65 | €2,795 | €269 | -€2,526 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €123,344 | €127,074 | +€3,730 | +3.0% |
| Income taxes | 67/77 | €43,266 | €41,394 | -€1,871 | -4.3% |
| Profit (loss) for the period | 9904 | €80,078 | €85,679 | +€5,601 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,078 | €85,679 | +€5,601 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.