DEVOS: 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.
DEVOS
Largest movements
- Cash +€402,385
up €402,385 (+575.9%), from €69,868 to €472,253
mainly Net result for the year (+€195,824) and Current investments (+€175,000)
- Current investments -€175,000
down €175,000 (-100.0%), from €175,000 to €0
- Tangible fixed assets -€81,315
down €81,315 (-68.4%), from €118,903 to €37,588
of which Furniture and vehicles: -€59,213
- Stocks and contracts -€38,045
down €38,045 (-100.0%), from €38,045 to €0
of which Stocks: -€30,516
- Reserves +€137,074
up €137,074 (+45.2%), from €303,117 to €440,191
- Advances received -€30,900
down €30,900 (-100.0%), from €30,900 to €0
- Trade debts +€28,606
up €28,606 (+179.9%), from €15,902 to €44,508
- Debts after one year -€25,077
down €25,077 (-100.0%), from €25,077 to €0
- Current portion of long-term debt -€11,009
down €11,009 (-100.0%), from €11,009 to €0
- Gross operating margin +€204,594
up €204,594 (+102.4%), from €199,852 to €404,445
- Taxes +€76,995
up €76,995 (+686.3%), from €11,219 to €88,215
- Depreciation -€42,219
down €42,219 (-95.2%), from €44,333 to €2,114
- Staff costs -€11,536
down €11,536 (-9.5%), from €121,704 to €110,168
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 | €469,354 | €572,067 | +€102,713 | +21.9% |
| Fixed assets | 21/28 | €121,357 | €40,053 | -€81,303 | -67.0% |
| Tangible fixed assets | 22/27 | €118,903 | €37,588 | -€81,315 | -68.4% |
| Land and buildings | 22 | €17,413 | €0 | -€17,413 | -100.0% |
| Plant, machinery and equipment | 23 | €4,689 | €0 | -€4,689 | -100.0% |
| Furniture and vehicles | 24 | €96,801 | €37,588 | -€59,213 | -61.2% |
| Financial fixed assets | 28 | €2,454 | €2,465 | +€12 | +0.5% |
| Current assets | 29/58 | €347,998 | €532,014 | +€184,016 | +52.9% |
| Stocks and contracts in progress | 3 | €38,045 | €0 | -€38,045 | -100.0% |
| Stocks | 30/36 | €30,516 | €0 | -€30,516 | -100.0% |
| Contracts in progress | 37 | €7,529 | €0 | -€7,529 | -100.0% |
| Amounts receivable within one year | 40/41 | €61,982 | €58,496 | -€3,486 | -5.6% |
| Trade receivables | 40 | €48,972 | €47,990 | -€982 | -2.0% |
| Other amounts receivable | 41 | €13,010 | €10,506 | -€2,504 | -19.2% |
| Current investments | 50/53 | €175,000 | €0 | -€175,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €69,868 | €472,253 | +€402,385 | +575.9% |
| Deferred charges and accrued income | 490/1 | €3,102 | €1,265 | -€1,837 | -59.2% |
| Total equity and liabilities | 10/49 | €469,354 | €572,067 | +€102,713 | +21.9% |
| Equity | 10/15 | €323,117 | €460,191 | +€137,074 | +42.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €303,117 | €440,191 | +€137,074 | +45.2% |
| Distributable reserves | 133 | €303,117 | €440,191 | +€137,074 | +45.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €146,237 | €111,876 | -€34,362 | -23.5% |
| Amounts payable after more than one year | 17 | €25,077 | €0 | -€25,077 | -100.0% |
| Financial debts | 170/4 | €25,077 | €0 | -€25,077 | -100.0% |
| Amounts payable within one year | 42/48 | €121,160 | €111,876 | -€9,284 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €11,009 | €0 | -€11,009 | -100.0% |
| Trade debts | 44 | €15,902 | €44,508 | +€28,606 | +179.9% |
| Suppliers | 440/4 | €15,902 | €44,508 | +€28,606 | +179.9% |
| Advances received on contracts in progress | 46 | €30,900 | €0 | -€30,900 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,543 | €2,830 | -€713 | -20.1% |
| Taxes | 450/3 | €3,543 | €2,830 | -€713 | -20.1% |
| Other amounts payable | 47/48 | €59,805 | €64,538 | +€4,733 | +7.9% |
| Non-recurring operating income | 76A | €4,487 | €260,051 | +€255,563 | +5695.1% |
| Remuneration, social security and pensions | 62 | €121,704 | €110,168 | -€11,536 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,333 | €2,114 | -€42,219 | -95.2% |
| Other operating charges | 640/8 | €2,158 | €1,293 | -€865 | -40.1% |
| Non-recurring operating charges | 66A | - | €11,060 | +€11,060 | |
| Gross operating margin | 9900 | €199,852 | €404,445 | +€204,594 | +102.4% |
| Operating profit (loss) | 9901 | €31,657 | €279,809 | +€248,153 | +783.9% |
| Financial income | 75/76B | €9,311 | €6,957 | -€2,354 | -25.3% |
| Recurring financial income | 75 | €9,311 | €6,957 | -€2,354 | -25.3% |
| Financial charges | 65/66B | €3,551 | €2,728 | -€823 | -23.2% |
| Recurring financial charges | 65 | €3,551 | €2,728 | -€823 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €37,417 | €284,039 | +€246,622 | +659.1% |
| Income taxes | 67/77 | €11,219 | €88,215 | +€76,995 | +686.3% |
| Profit (loss) for the period | 9904 | €26,198 | €195,824 | +€169,626 | +647.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,198 | €195,824 | +€169,626 | +647.5% |
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 12 October 2026 via checked.be.