DEVOTEC: 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.
DEVOTEC
Largest movements
- Receivables within one year -€120,944
down €120,944 (-22.2%), from €545,104 to €424,161
of which Trade receivables: -€118,813
- Stocks and contracts -€79,486
down €79,486 (-27.0%), from €294,666 to €215,180
- Deferred charges and accrued income +€25,372
up €25,372 (+34.8%), from €72,976 to €98,347
- Tangible fixed assets -€23,370
down €23,370 (-15.5%), from €150,420 to €127,049
- Advances received -€136,693
down €136,693 (-23.3%), from €586,154 to €449,461
- Debts after one year -€22,865
down €22,865 (-31.4%), from €72,860 to €49,995
- Current portion of long-term debt -€14,144
down €14,144 (-33.3%), from €42,484 to €28,339
- Reserves +€13,601
up €13,601 (+6.0%), from €228,172 to €241,773
of which Distributable reserves: +€13,601
- Gross operating margin -€94,849
down €94,849 (-32.2%), from €294,600 to €199,750
- Staff costs -€77,877
down €77,877 (-29.7%), from €261,860 to €183,982
- Financial income -€8,390
down €8,390 (-10.6%), from €79,194 to €70,803
- Depreciation +€8,067
up €8,067 (+25.6%), from €31,567 to €39,634
- Taxes -€5,660
down €5,660 (-44.8%), from €12,622 to €6,962
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 | €1,274,977 | €1,065,521 | -€209,457 | -16.4% |
| Fixed assets | 21/28 | €151,329 | €127,959 | -€23,370 | -15.4% |
| Tangible fixed assets | 22/27 | €150,420 | €127,049 | -€23,370 | -15.5% |
| Plant, machinery and equipment | 23 | €49,505 | €38,111 | -€11,394 | -23.0% |
| Furniture and vehicles | 24 | €48,139 | €39,996 | -€8,143 | -16.9% |
| Other tangible fixed assets | 26 | €52,775 | €48,943 | -€3,833 | -7.3% |
| Financial fixed assets | 28 | €910 | €910 | = | 0.0% |
| Current assets | 29/58 | €1,123,648 | €937,562 | -€186,086 | -16.6% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €294,666 | €215,180 | -€79,486 | -27.0% |
| Stocks | 30/36 | €294,666 | €215,180 | -€79,486 | -27.0% |
| Amounts receivable within one year | 40/41 | €545,104 | €424,161 | -€120,944 | -22.2% |
| Trade receivables | 40 | €518,292 | €399,479 | -€118,813 | -22.9% |
| Other amounts receivable | 41 | €26,813 | €24,682 | -€2,131 | -7.9% |
| Current investments | 50/53 | €17,976 | €17,976 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,926 | €71,898 | -€11,028 | -13.3% |
| Deferred charges and accrued income | 490/1 | €72,976 | €98,347 | +€25,372 | +34.8% |
| Total equity and liabilities | 10/49 | €1,274,977 | €1,065,521 | -€209,457 | -16.4% |
| Equity | 10/15 | €314,934 | €328,535 | +€13,601 | +4.3% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €228,172 | €241,773 | +€13,601 | +6.0% |
| Non-distributable reserves | 130/1 | €22,516 | €22,516 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,516 | €22,516 | = | 0.0% |
| Distributable reserves | 133 | €205,656 | €219,257 | +€13,601 | +6.6% |
| Amounts payable | 17/49 | €960,043 | €736,986 | -€223,058 | -23.2% |
| Amounts payable after more than one year | 17 | €72,860 | €49,995 | -€22,865 | -31.4% |
| Financial debts | 170/4 | €72,860 | €49,995 | -€22,865 | -31.4% |
| Amounts payable within one year | 42/48 | €852,885 | €661,267 | -€191,618 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €42,484 | €28,339 | -€14,144 | -33.3% |
| Financial debts | 43 | €110,245 | €100,000 | -€10,245 | -9.3% |
| Credit institutions | 430/8 | €110,245 | €100,000 | -€10,245 | -9.3% |
| Trade debts | 44 | €73,539 | €65,583 | -€7,956 | -10.8% |
| Suppliers | 440/4 | €73,539 | €65,583 | -€7,956 | -10.8% |
| Advances received on contracts in progress | 46 | €586,154 | €449,461 | -€136,693 | -23.3% |
| Taxes, remuneration and social security | 45 | €30,575 | €17,868 | -€12,707 | -41.6% |
| Taxes | 450/3 | €2,298 | - | -€2,298 | |
| Remuneration and social security | 454/9 | €28,277 | €17,868 | -€10,409 | -36.8% |
| Other amounts payable | 47/48 | €9,889 | €16 | -€9,873 | -99.8% |
| Accrued charges and deferred income | 492/3 | €34,297 | €25,723 | -€8,574 | -25.0% |
| Non-recurring operating income | 76A | €8,574 | €8,381 | -€194 | -2.3% |
| Remuneration, social security and pensions | 62 | €261,860 | €183,982 | -€77,877 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,567 | €39,634 | +€8,067 | +25.6% |
| Other operating charges | 640/8 | €15,003 | €15,196 | +€193 | +1.3% |
| Gross operating margin | 9900 | €294,600 | €199,750 | -€94,849 | -32.2% |
| Operating profit (loss) | 9901 | -€13,830 | -€39,062 | -€25,232 | -182.4% |
| Financial income | 75/76B | €79,194 | €70,803 | -€8,390 | -10.6% |
| Recurring financial income | 75 | €79,194 | €70,803 | -€8,390 | -10.6% |
| Financial charges | 65/66B | €5,782 | €11,178 | +€5,396 | +93.3% |
| Recurring financial charges | 65 | €5,782 | €11,178 | +€5,396 | +93.3% |
| Profit (loss) for the period before taxes | 9903 | €59,581 | €20,563 | -€39,018 | -65.5% |
| Income taxes | 67/77 | €12,622 | €6,962 | -€5,660 | -44.8% |
| Profit (loss) for the period | 9904 | €46,959 | €13,601 | -€33,358 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,959 | €13,601 | -€33,358 | -71.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.