DevRad: 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.
DevRad
Largest movements
- Receivables after one year +€105,382
up €105,382 (+8.9%), from €1.2m to €1.3m
- Current investments -€51,230
down €51,230 (-100%), from €51,230 to €0
- Receivables within one year -€15,862
down €15,862 (-49.5%), from €32,022 to €16,160
of which Trade receivables: -€19,450
- Debts after one year +€85,000
up €85,000 (+9.6%), from €885,000 to €970,000
of which Other amounts payable: +€345,000
- Profit (loss) carried forward -€33,464
down €33,464 (-54.2%), from -€61,688 to -€95,152
- Advances received -€25,993
down €25,993 (-100%), from €25,993 to €0
- Accrued charges and deferred income +€22,827
new in 2025: €22,827
- Financial charges +€16,607
up €16,607 (+1,861%), from €892 to €17,499
- Gross operating margin +€5,562
up €5,562 (+37.6%), from -€14,793 to -€9,231
- Other operating charges -€2,233
down €2,233 (-46.5%), from €4,807 to €2,574
- Taxes -€1,782
down €1,782, from €1,679 to -€103
- Financial income -€1,692
down €1,692 (-79.0%), from €2,143 to €451
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 | €1,335,693 | €1,374,080 | +€38,387 | +2.9% |
| Fixed assets | 21/28 | €19,833 | €23,309 | +€3,476 | +17.5% |
| Tangible fixed assets | 22/27 | €16,533 | €15,391 | -€1,142 | -6.9% |
| Land and buildings | 22 | €9,194 | €7,959 | -€1,235 | -13.4% |
| Plant, machinery and equipment | 23 | €0 | €702 | +€702 | |
| Furniture and vehicles | 24 | €7,339 | €6,730 | -€609 | -8.3% |
| Financial fixed assets | 28 | €3,300 | €7,918 | +€4,618 | +140% |
| Current assets | 29/58 | €1,315,860 | €1,350,771 | +€34,911 | +2.7% |
| Amounts receivable after more than one year | 29 | €1,187,200 | €1,292,582 | +€105,382 | +8.9% |
| Other amounts receivable | 291 | €1,187,200 | €1,292,582 | +€105,382 | +8.9% |
| Amounts receivable within one year | 40/41 | €32,022 | €16,160 | -€15,862 | -49.5% |
| Trade receivables | 40 | €31,831 | €12,381 | -€19,450 | -61.1% |
| Other amounts receivable | 41 | €192 | €3,779 | +€3,588 | +1,873% |
| Current investments | 50/53 | €51,230 | €0 | -€51,230 | -100% |
| Cash at bank and in hand | 54/58 | €39,497 | €39,075 | -€422 | -1.1% |
| Deferred charges and accrued income | 490/1 | €5,911 | €2,954 | -€2,957 | -50.0% |
| Total equity and liabilities | 10/49 | €1,335,693 | €1,374,080 | +€38,387 | +2.9% |
| Equity | 10/15 | €398,997 | €365,533 | -€33,464 | -8.4% |
| Contributions | 10/11 | €406,200 | €406,200 | = | 0.0% |
| Reserves | 13 | €54,485 | €54,485 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €52,625 | €52,625 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,688 | -€95,152 | -€33,464 | -54.2% |
| Amounts payable | 17/49 | €936,696 | €1,008,546 | +€71,850 | +7.7% |
| Amounts payable after more than one year | 17 | €885,000 | €970,000 | +€85,000 | +9.6% |
| Financial debts | 170/4 | €660,000 | €400,000 | -€260,000 | -39.4% |
| Other amounts payable | 178/9 | €225,000 | €570,000 | +€345,000 | +153% |
| Amounts payable within one year | 42/48 | €51,696 | €15,719 | -€35,976 | -69.6% |
| Trade debts | 44 | €20,437 | €7,623 | -€12,814 | -62.7% |
| Suppliers | 440/4 | €20,437 | €7,623 | -€12,814 | -62.7% |
| Advances received on contracts in progress | 46 | €25,993 | €0 | -€25,993 | -100% |
| Taxes, remuneration and social security | 45 | €1,700 | €445 | -€1,255 | -73.8% |
| Taxes | 450/3 | €1,700 | €445 | -€1,255 | -73.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,566 | €7,652 | +€4,086 | +115% |
| Accrued charges and deferred income | 492/3 | - | €22,827 | +€22,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,107 | €4,714 | +€607 | +14.8% |
| Other operating charges | 640/8 | €4,807 | €2,574 | -€2,233 | -46.5% |
| Gross operating margin | 9900 | -€14,793 | -€9,231 | +€5,562 | +37.6% |
| Operating profit (loss) | 9901 | -€23,707 | -€16,519 | +€7,188 | +30.3% |
| Financial income | 75/76B | €2,143 | €451 | -€1,692 | -79.0% |
| Recurring financial income | 75 | €2,143 | €451 | -€1,692 | -79.0% |
| Financial charges | 65/66B | €892 | €17,499 | +€16,607 | +1,861% |
| Recurring financial charges | 65 | €892 | €17,499 | +€16,607 | +1,861% |
| Profit (loss) for the period before taxes | 9903 | -€22,456 | -€33,567 | -€11,111 | -49.5% |
| Income taxes | 67/77 | €1,679 | -€103 | -€1,782 | |
| Profit (loss) for the period | 9904 | -€24,135 | -€33,464 | -€9,328 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,135 | -€33,464 | -€9,328 | -38.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.