DEVOTEAM: 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.
What changed
DEVOTEAM
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.5m
2024 · -€352,240-€1.2m
Equity
€5.6m
2024 · €7.2m-€1.5m
Cash
€878,973
2024 · €3.7m-€2.8m
Balance sheet total
€18.0m
2024 · €26.2m-€8.2m
Largest movements
Assets
- Receivables within one year -€3.9m
down €3.9m (-23.5%), from €16.6m to €12.7m
of which Trade receivables: -€2.7m
- Cash -€2.8m
down €2.8m (-76.0%), from €3.7m to €878,973
mainly Tax, wage and social debts (-€2.9m) and Trade debts (-€1.8m)
- Deferred charges and accrued income -€1.5m
down €1.5m (-46.5%), from €3.2m to €1.7m
Equity and liabilities
- Tax, wage and social debts -€2.9m
down €2.9m (-35.8%), from €8.0m to €5.1m
of which Remuneration and social security: -€1.6m
- Trade debts -€1.8m
down €1.8m (-28.2%), from €6.5m to €4.7m
- Accrued charges and deferred income -€1.7m
down €1.7m (-40.3%), from €4.2m to €2.5m
- Profit (loss) carried forward -€1.5m
down €1.5m, from €37,977 to -€1.5m
- Provisions -€292,483
down €292,483 (-92.1%), from €317,483 to €25,000
Income statement
- Turnover -€4.5m
down €4.5m (-8.1%), from €55.5m to €51.0m
- Goods and materials -€3.2m
down €3.2m (-26.4%), from €12.2m to €9.0m
- Services and other goods +€890,714
up €890,714 (+8.1%), from €11.0m to €11.9m
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.
Result 2024
-€352,240
Turnover
-€4.5m
Other operating income
+€172,356
Goods and materials
+€3.2m
Services and other goods
-€890,714
Staff costs
+€473,752
Depreciation
+€3,907
Provisions
+€3,651
Other operating charges
+€2,305
Other operating items
+€55,432
Financial income
-€47,739
Financial charges
+€3,741
Taxes
+€335,145
Result 2025
-€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2.3m
Investment
-€458,273
Financing
€0
Cash 2024
€3.7m
From operations (derived)
-€2.3m
Net result for the year
-€1.5m
Depreciation
+€460,477
Stocks and contracts
+€5,025
Receivables within one year
+€3.9m
Deferred charges and accrued income
+€1.5m
Provisions
-€292,483
Trade debts
-€1.8m
Tax, wage and social debts
-€2.9m
Accrued charges and deferred income
-€1.7m
Investment (derived)
-€458,273
Investment in fixed assets (net)
-€458,273
Cash 2025
€878,973
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,152,366 | €17,972,743 | -€8.2m | -31.3% |
| Fixed assets | 21/28 | €2,144,274 | €2,142,069 | -€2,204 | -0.1% |
| Intangible fixed assets | 21 | €122,858 | €122,938 | +€80 | +0.1% |
| Tangible fixed assets | 22/27 | €1,614,077 | €1,450,788 | -€163,289 | -10.1% |
| Plant, machinery and equipment | 23 | €402,369 | €387,232 | -€15,138 | -3.8% |
| Furniture and vehicles | 24 | €31,619 | €16,574 | -€15,045 | -47.6% |
| Other tangible fixed assets | 26 | €1,180,089 | €1,046,983 | -€133,106 | -11.3% |
| Financial fixed assets | 28 | €407,339 | €568,343 | +€161,004 | +39.5% |
| Other financial fixed assets | 284/8 | €407,339 | €568,343 | +€161,004 | +39.5% |
| Amounts receivable and cash guarantees | 285/8 | €407,339 | €568,343 | +€161,004 | +39.5% |
| Current assets | 29/58 | €24,008,093 | €15,830,673 | -€8.2m | -34.1% |
| Stocks and contracts in progress | 3 | €506,290 | €501,265 | -€5,025 | -1.0% |
| Contracts in progress | 37 | €506,290 | €501,265 | -€5,025 | -1.0% |
| Amounts receivable within one year | 40/41 | €16,648,434 | €12,743,034 | -€3.9m | -23.5% |
| Trade receivables | 40 | €11,517,484 | €8,809,207 | -€2.7m | -23.5% |
| Other amounts receivable | 41 | €5,130,950 | €3,933,828 | -€1.2m | -23.3% |
| Cash at bank and in hand | 54/58 | €3,662,209 | €878,973 | -€2.8m | -76.0% |
| Deferred charges and accrued income | 490/1 | €3,191,160 | €1,707,400 | -€1.5m | -46.5% |
| Total equity and liabilities | 10/49 | €26,152,366 | €17,972,743 | -€8.2m | -31.3% |
| Equity | 10/15 | €7,152,363 | €5,639,934 | -€1.5m | -21.1% |
| Contributions | 10/11 | €6,165,075 | €6,165,075 | = | 0.0% |
| Capital | 10 | €6,165,075 | €6,165,075 | = | 0.0% |
| Issued capital | 100 | €6,165,075 | €6,165,075 | = | 0.0% |
| Reserves | 13 | €949,311 | €949,311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €643,885 | €643,885 | = | 0.0% |
| Legal reserve | 130 | €631,508 | €631,508 | = | 0.0% |
| Other | 1319 | €12,378 | €12,378 | = | 0.0% |
| Distributable reserves | 133 | €305,426 | €305,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,977 | -€1,474,453 | -€1.5m | |
| Provisions and deferred taxes | 16 | €317,483 | €25,000 | -€292,483 | -92.1% |
| Provisions for liabilities and charges | 160/5 | €317,483 | €25,000 | -€292,483 | -92.1% |
| Pensions and similar obligations | 160 | €317,483 | €25,000 | -€292,483 | -92.1% |
| Amounts payable | 17/49 | €18,682,520 | €12,307,809 | -€6.4m | -34.1% |
| Amounts payable within one year | 42/48 | €14,515,869 | €9,819,060 | -€4.7m | -32.4% |
| Trade debts | 44 | €6,539,868 | €4,697,968 | -€1.8m | -28.2% |
| Suppliers | 440/4 | €6,539,868 | €4,697,968 | -€1.8m | -28.2% |
| Taxes, remuneration and social security | 45 | €7,976,001 | €5,121,092 | -€2.9m | -35.8% |
| Taxes | 450/3 | €2,112,579 | €903,224 | -€1.2m | -57.2% |
| Remuneration and social security | 454/9 | €5,863,422 | €4,217,868 | -€1.6m | -28.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,166,650 | €2,488,749 | -€1.7m | -40.3% |
| Operating income | 70/76A | €57,646,208 | €53,371,136 | -€4.3m | -7.4% |
| Turnover | 70 | €55,491,498 | €50,988,639 | -€4.5m | -8.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€30,256 | -€5,025 | +€25,231 | +83.4% |
| Own construction capitalised | 72 | - | €30,201 | +€30,201 | |
| Other operating income | 74 | €2,184,965 | €2,357,321 | +€172,356 | +7.9% |
| Operating charges | 60/66A | €57,728,444 | €54,904,708 | -€2.8m | -4.9% |
| Goods for resale, raw materials and consumables | 60 | €12,233,240 | €9,002,404 | -€3.2m | -26.4% |
| Purchases | 600/8 | €12,233,240 | €9,002,404 | -€3.2m | -26.4% |
| Services and other goods | 61 | €10,969,024 | €11,859,739 | +€890,714 | +8.1% |
| Remuneration, social security and pensions | 62 | €34,388,127 | €33,914,375 | -€473,752 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €464,384 | €460,477 | -€3,907 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€341,169 | -€344,820 | -€3,651 | -1.1% |
| Other operating charges | 640/8 | €14,838 | €12,533 | -€2,305 | -15.5% |
| Operating profit (loss) | 9901 | -€82,236 | -€1,533,572 | -€1.5m | -1,765% |
| Financial income | 75/76B | €172,697 | €124,958 | -€47,739 | -27.6% |
| Recurring financial income | 75 | €172,697 | €124,958 | -€47,739 | -27.6% |
| Income from financial fixed assets | 750 | - | €7,164 | +€7,164 | |
| Income from current assets | 751 | €166,850 | €114,466 | -€52,384 | -31.4% |
| Other financial income | 752/9 | €5,847 | €3,328 | -€2,519 | -43.1% |
| Financial charges | 65/66B | €90,061 | €86,321 | -€3,741 | -4.2% |
| Recurring financial charges | 65 | €90,061 | €86,321 | -€3,741 | -4.2% |
| Debt charges | 650 | €8,695 | €2,086 | -€6,608 | -76.0% |
| Other financial charges | 652/9 | €81,367 | €84,235 | +€2,868 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €400 | -€1,494,935 | -€1.5m | |
| Income taxes | 67/77 | €352,640 | €17,495 | -€335,145 | -95.0% |
| Taxes | 670/3 | €397,624 | €72,149 | -€325,475 | -81.9% |
| Tax adjustments and reversals of tax provisions | 77 | €44,984 | €54,654 | +€9,670 | +21.5% |
| Profit (loss) for the period | 9904 | -€352,240 | -€1,512,430 | -€1.2m | -329% |
| Profit (loss) for the period to be appropriated | 9905 | -€352,240 | -€1,512,430 | -€1.2m | -329% |
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.