DEVOSO: 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.
DEVOSO
Largest movements
- Tangible fixed assets +€284,767
up €284,767 (+16.4%), from €1.7m to €2.0m
of which Plant, machinery and equipment: +€150,755
- Cash -€26,416
down €26,416 (-80.4%), from €32,851 to €6,435
mainly Investment in fixed assets (net) (-€407,654) and Receivables within one year (-€18,395)
- Debts after one year +€168,231
up €168,231 (+10.9%), from €1.5m to €1.7m
- Reserves +€51,684
up €51,684 (+312%), from €16,591 to €68,275
- Trade debts +€37,742
up €37,742 (+384%), from €9,838 to €47,580
- Gross operating margin +€68,335
up €68,335 (+41.9%), from €163,003 to €231,338
- Depreciation +€34,574
up €34,574 (+39.1%), from €88,314 to €122,888
- Financial charges +€2,893
up €2,893 (+6.5%), from €44,823 to €47,717
- Other operating charges +€2,501
up €2,501 (+55.0%), from €4,547 to €7,048
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 | €1,776,667 | €2,054,134 | +€277,466 | +15.6% |
| Fixed assets | 21/28 | €1,731,286 | €2,016,053 | +€284,767 | +16.4% |
| Tangible fixed assets | 22/27 | €1,731,286 | €2,016,053 | +€284,767 | +16.4% |
| Land and buildings | 22 | €1,662,243 | €1,794,953 | +€132,709 | +8.0% |
| Plant, machinery and equipment | 23 | €69,042 | €219,797 | +€150,755 | +218% |
| Furniture and vehicles | 24 | €0 | €1,303 | +€1,303 | |
| Current assets | 29/58 | €45,381 | €38,081 | -€7,301 | -16.1% |
| Amounts receivable within one year | 40/41 | €11,168 | €29,563 | +€18,395 | +165% |
| Trade receivables | 40 | €10,709 | €20,668 | +€9,959 | +93.0% |
| Other amounts receivable | 41 | €459 | €8,896 | +€8,437 | +1,837% |
| Cash at bank and in hand | 54/58 | €32,851 | €6,435 | -€26,416 | -80.4% |
| Deferred charges and accrued income | 490/1 | €1,362 | €2,083 | +€720 | +52.9% |
| Total equity and liabilities | 10/49 | €1,776,667 | €2,054,134 | +€277,466 | +15.6% |
| Equity | 10/15 | €66,665 | €118,350 | +€51,684 | +77.5% |
| Contributions | 10/11 | €50,075 | €50,075 | = | 0.0% |
| Reserves | 13 | €16,591 | €68,275 | +€51,684 | +312% |
| Distributable reserves | 133 | €16,591 | €68,275 | +€51,684 | +312% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,710,002 | €1,935,784 | +€225,782 | +13.2% |
| Amounts payable after more than one year | 17 | €1,543,704 | €1,711,936 | +€168,231 | +10.9% |
| Financial debts | 170/4 | €1,543,704 | €1,711,936 | +€168,231 | +10.9% |
| Amounts payable within one year | 42/48 | €152,909 | €209,817 | +€56,908 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €128,052 | €142,574 | +€14,522 | +11.3% |
| Trade debts | 44 | €9,838 | €47,580 | +€37,742 | +384% |
| Suppliers | 440/4 | €9,838 | €47,580 | +€37,742 | +384% |
| Taxes, remuneration and social security | 45 | €7,000 | €7,000 | = | 0.0% |
| Taxes | 450/3 | €4,500 | €4,500 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €8,020 | €12,663 | +€4,643 | +57.9% |
| Accrued charges and deferred income | 492/3 | €13,388 | €14,031 | +€643 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,314 | €122,888 | +€34,574 | +39.1% |
| Other operating charges | 640/8 | €4,547 | €7,048 | +€2,501 | +55.0% |
| Gross operating margin | 9900 | €163,003 | €231,338 | +€68,335 | +41.9% |
| Operating profit (loss) | 9901 | €70,143 | €101,402 | +€31,259 | +44.6% |
| Financial income | 75/76B | €27 | €0 | -€27 | -100% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -100% |
| Financial charges | 65/66B | €44,823 | €47,717 | +€2,893 | +6.5% |
| Recurring financial charges | 65 | €44,823 | €47,717 | +€2,893 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €25,347 | €53,686 | +€28,339 | +112% |
| Income taxes | 67/77 | €196 | €2,001 | +€1,806 | +923% |
| Profit (loss) for the period | 9904 | €25,151 | €51,684 | +€26,533 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €25,151 | €51,684 | +€26,533 | +105% |
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 21 October 2026 via checked.be.