DEVORO: what changed
DEVORO
Largest movements
- Cash +€1.0m
up €1.0m (+71.4%), from €1.4m to €2.4m
mainly Net result for the year (+€918,528) and Stocks and contracts (+€788,525)
- Stocks and contracts -€788,525
down €788,525 (-38.4%), from €2.1m to €1.3m
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Deferred charges and accrued income +€350,000
new in 2025: €350,000
- Receivables within one year -€145,922
down €145,922 (-61.6%), from €236,787 to €90,865
of which Trade receivables: -€144,557
- Reserves +€918,528
up €918,528 (+49.3%), from €1.9m to €2.8m
of which Distributable reserves: +€918,528
- Trade debts -€691,898
down €691,898 (-32.2%), from €2.1m to €1.5m
- Other debts -€254,060
down €254,060 (-67.3%), from €377,407 to €123,347
- Tax, wage and social debts -€109,190
down €109,190 (-79.4%), from €137,506 to €28,316
of which Taxes: -€106,188
- Gross operating margin +€399,024
up €399,024 (+30.1%), from €1.3m to €1.7m
- Taxes +€124,630
up €124,630 (+40.8%), from €305,302 to €429,932
- Financial income -€30,203
down €30,203 (-52.9%), from €57,094 to €26,891
- Staff costs -€20,960
down €20,960 (-9.0%), from €232,840 to €211,880
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,598,495 | €4,461,875 | -€136,620 | -3.0% |
| Fixed assets | 21/28 | €393,034 | €329,100 | -€63,934 | -16.3% |
| Tangible fixed assets | 22/27 | €393,034 | €329,100 | -€63,934 | -16.3% |
| Plant, machinery and equipment | 23 | €243,827 | €225,633 | -€18,193 | -7.5% |
| Furniture and vehicles | 24 | €149,207 | €103,467 | -€45,741 | -30.7% |
| Current assets | 29/58 | €4,205,462 | €4,132,775 | -€72,687 | -1.7% |
| Stocks and contracts in progress | 3 | €2,051,350 | €1,262,825 | -€788,525 | -38.4% |
| Stocks | 30/36 | €2,051,350 | €1,262,825 | -€788,525 | -38.4% |
| Amounts receivable within one year | 40/41 | €236,787 | €90,865 | -€145,922 | -61.6% |
| Trade receivables | 40 | €213,720 | €69,162 | -€144,557 | -67.6% |
| Other amounts receivable | 41 | €23,068 | €21,703 | -€1,365 | -5.9% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €1,417,324 | €2,429,085 | +€1.0m | +71.4% |
| Deferred charges and accrued income | 490/1 | - | €350,000 | +€350,000 | |
| Total equity and liabilities | 10/49 | €4,598,495 | €4,461,875 | -€136,620 | -3.0% |
| Equity | 10/15 | €1,937,947 | €2,856,474 | +€918,528 | +47.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,862,947 | €2,781,474 | +€918,528 | +49.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,862,947 | €2,781,474 | +€918,528 | +49.3% |
| Amounts payable | 17/49 | €2,660,549 | €1,605,401 | -€1.1m | -39.7% |
| Amounts payable within one year | 42/48 | €2,660,549 | €1,605,401 | -€1.1m | -39.7% |
| Trade debts | 44 | €2,145,636 | €1,453,738 | -€691,898 | -32.2% |
| Suppliers | 440/4 | €2,145,636 | €1,453,738 | -€691,898 | -32.2% |
| Taxes, remuneration and social security | 45 | €137,506 | €28,316 | -€109,190 | -79.4% |
| Taxes | 450/3 | €113,664 | €7,476 | -€106,188 | -93.4% |
| Remuneration and social security | 454/9 | €23,842 | €20,840 | -€3,002 | -12.6% |
| Other amounts payable | 47/48 | €377,407 | €123,347 | -€254,060 | -67.3% |
| Non-recurring operating income | 76A | €61,050 | €25,300 | -€35,750 | -58.6% |
| Remuneration, social security and pensions | 62 | €232,840 | €211,880 | -€20,960 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,620 | €117,094 | +€13,474 | +13.0% |
| Other operating charges | 640/8 | €58,524 | €51,098 | -€7,425 | -12.7% |
| Gross operating margin | 9900 | €1,326,613 | €1,725,636 | +€399,024 | +30.1% |
| Operating profit (loss) | 9901 | €931,630 | €1,345,565 | +€413,935 | +44.4% |
| Financial income | 75/76B | €57,094 | €26,891 | -€30,203 | -52.9% |
| Recurring financial income | 75 | €57,094 | €26,891 | -€30,203 | -52.9% |
| Financial charges | 65/66B | €36,936 | €23,996 | -€12,940 | -35.0% |
| Recurring financial charges | 65 | €36,936 | €23,996 | -€12,940 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €951,788 | €1,348,460 | +€396,672 | +41.7% |
| Income taxes | 67/77 | €305,302 | €429,932 | +€124,630 | +40.8% |
| Profit (loss) for the period | 9904 | €646,486 | €918,528 | +€272,042 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €646,486 | €918,528 | +€272,042 | +42.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.