DEVOS IM AP: 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.
DEVOS IM AP
Largest movements
- Tangible fixed assets +€748,097
up €748,097 (+27.7%), from €2.7m to €3.5m
of which Assets under construction and advance payments: +€873,128
- Current investments -€325,000
down €325,000 (-52.0%), from €625,000 to €300,000
- Receivables within one year -€129,010
down €129,010 (-96.8%), from €133,292 to €4,282
of which Trade receivables: -€133,292
- Other debts +€337,354
up €337,354 (+41.2%), from €818,551 to €1.2m
- Profit (loss) carried forward -€40,373
down €40,373 (-15.5%), from -€260,401 to -€300,773
- Gross operating margin +€34,805
up €34,805 (+48.3%), from €72,057 to €106,862
- Financial charges -€34,127
down €34,127 (-56.6%), from €60,261 to €26,134
- Financial income +€12,811
up €12,811 (+725.2%), from €1,767 to €14,578
- Depreciation +€4,060
up €4,060 (+3.3%), from €122,044 to €126,104
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 | €3,522,902 | €3,794,914 | +€272,011 | +7.7% |
| Fixed assets | 21/28 | €2,702,670 | €3,450,767 | +€748,097 | +27.7% |
| Tangible fixed assets | 22/27 | €2,702,670 | €3,450,767 | +€748,097 | +27.7% |
| Land and buildings | 22 | €2,702,670 | €2,577,639 | -€125,031 | -4.6% |
| Assets under construction and advance payments | 27 | €0 | €873,128 | +€873,128 | |
| Current assets | 29/58 | €820,233 | €344,147 | -€476,085 | -58.0% |
| Amounts receivable within one year | 40/41 | €133,292 | €4,282 | -€129,010 | -96.8% |
| Trade receivables | 40 | €133,292 | €0 | -€133,292 | -100.0% |
| Other amounts receivable | 41 | - | €4,282 | +€4,282 | |
| Current investments | 50/53 | €625,000 | €300,000 | -€325,000 | -52.0% |
| Cash at bank and in hand | 54/58 | €48,075 | €37,302 | -€10,774 | -22.4% |
| Deferred charges and accrued income | 490/1 | €13,865 | €2,563 | -€11,302 | -81.5% |
| Total equity and liabilities | 10/49 | €3,522,902 | €3,794,914 | +€272,011 | +7.7% |
| Equity | 10/15 | €2,667,679 | €2,627,306 | -€40,373 | -1.5% |
| Contributions | 10/11 | €2,924,739 | €2,924,739 | = | 0.0% |
| Reserves | 13 | €3,340 | €3,340 | = | 0.0% |
| Distributable reserves | 133 | €3,340 | €3,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€260,401 | -€300,773 | -€40,373 | -15.5% |
| Amounts payable | 17/49 | €855,224 | €1,167,608 | +€312,384 | +36.5% |
| Amounts payable within one year | 42/48 | €829,296 | €1,156,884 | +€327,588 | +39.5% |
| Trade debts | 44 | €10,745 | €978 | -€9,766 | -90.9% |
| Suppliers | 440/4 | €10,745 | €978 | -€9,766 | -90.9% |
| Other amounts payable | 47/48 | €818,551 | €1,155,906 | +€337,354 | +41.2% |
| Accrued charges and deferred income | 492/3 | €25,928 | €10,724 | -€15,204 | -58.6% |
| Non-recurring operating income | 76A | €47,257 | €41,179 | -€6,079 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,044 | €126,104 | +€4,060 | +3.3% |
| Other operating charges | 640/8 | €8,976 | €9,574 | +€598 | +6.7% |
| Non-recurring operating charges | 66A | €108,827 | €0 | -€108,827 | -100.0% |
| Gross operating margin | 9900 | €72,057 | €106,862 | +€34,805 | +48.3% |
| Operating profit (loss) | 9901 | -€167,790 | -€28,817 | +€138,974 | +82.8% |
| Financial income | 75/76B | €1,767 | €14,578 | +€12,811 | +725.2% |
| Recurring financial income | 75 | €1,767 | €14,578 | +€12,811 | +725.2% |
| Financial charges | 65/66B | €60,261 | €26,134 | -€34,127 | -56.6% |
| Recurring financial charges | 65 | €60,261 | €26,134 | -€34,127 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | -€226,284 | -€40,373 | +€185,912 | +82.2% |
| Income taxes | 67/77 | €564 | €0 | -€564 | -100.0% |
| Profit (loss) for the period | 9904 | -€226,849 | -€40,373 | +€186,476 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€226,849 | -€40,373 | +€186,476 | +82.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.