DEVOVAN: 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.
DEVOVAN
Largest movements
- Tangible fixed assets -€94,184
down €94,184 (-2.7%), from €3.5m to €3.4m
- Debts after one year -€209,804
down €209,804 (-53.3%), from €393,293 to €183,489
- Reserves +€109,402
up €109,402 (+11.7%), from €935,072 to €1.0m
of which Distributable reserves: +€109,402
- Gross operating margin +€11,334
up €11,334 (+2.7%), from €415,665 to €427,000
- Financial charges -€6,904
down €6,904 (-23.6%), from €29,290 to €22,386
- Taxes +€5,405
up €5,405 (+6.4%), from €84,849 to €90,254
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 | €3,505,895 | €3,439,992 | -€65,903 | -1.9% |
| Fixed assets | 21/28 | €3,469,137 | €3,374,954 | -€94,184 | -2.7% |
| Tangible fixed assets | 22/27 | €3,469,137 | €3,374,954 | -€94,184 | -2.7% |
| Land and buildings | 22 | €3,469,137 | €3,374,954 | -€94,184 | -2.7% |
| Current assets | 29/58 | €36,758 | €65,038 | +€28,281 | +76.9% |
| Amounts receivable within one year | 40/41 | €1,118 | €2,449 | +€1,331 | +119.1% |
| Other amounts receivable | 41 | €1,118 | €2,449 | +€1,331 | +119.1% |
| Cash at bank and in hand | 54/58 | €35,640 | €62,589 | +€26,949 | +75.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,505,895 | €3,439,992 | -€65,903 | -1.9% |
| Equity | 10/15 | €2,685,072 | €2,794,474 | +€109,402 | +4.1% |
| Contributions | 10/11 | €1,750,000 | €1,750,000 | = | 0.0% |
| Reserves | 13 | €935,072 | €1,044,474 | +€109,402 | +11.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €935,072 | €1,044,474 | +€109,402 | +11.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €820,823 | €645,518 | -€175,305 | -21.4% |
| Amounts payable after more than one year | 17 | €393,293 | €183,489 | -€209,804 | -53.3% |
| Financial debts | 170/4 | €393,293 | €183,489 | -€209,804 | -53.3% |
| Amounts payable within one year | 42/48 | €423,761 | €458,036 | +€34,275 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €202,407 | €209,804 | +€7,397 | +3.7% |
| Trade debts | 44 | €2,486 | €3,279 | +€793 | +31.9% |
| Suppliers | 440/4 | €2,486 | €3,279 | +€793 | +31.9% |
| Taxes, remuneration and social security | 45 | €14,849 | €15,254 | +€405 | +2.7% |
| Taxes | 450/3 | €14,849 | €15,254 | +€405 | +2.7% |
| Other amounts payable | 47/48 | €204,019 | €229,699 | +€25,681 | +12.6% |
| Accrued charges and deferred income | 492/3 | €3,769 | €3,993 | +€224 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,184 | €94,184 | -€0 | 0.0% |
| Other operating charges | 640/8 | €25,523 | €26,775 | +€1,252 | +4.9% |
| Gross operating margin | 9900 | €415,665 | €427,000 | +€11,334 | +2.7% |
| Operating profit (loss) | 9901 | €295,959 | €306,042 | +€10,083 | +3.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €29,290 | €22,386 | -€6,904 | -23.6% |
| Recurring financial charges | 65 | €29,290 | €22,386 | -€6,904 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €266,669 | €283,656 | +€16,987 | +6.4% |
| Income taxes | 67/77 | €84,849 | €90,254 | +€5,405 | +6.4% |
| Profit (loss) for the period | 9904 | €181,820 | €193,402 | +€11,582 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €181,820 | €193,402 | +€11,582 | +6.4% |
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 5 October 2026 via checked.be.