Devrager: 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.
Devrager
Largest movements
- Cash +€251,607
up €251,607 (+115073.0%), from €219 to €251,826
mainly Receivables within one year (+€249,241) and Net result for the year (+€2,864)
- Receivables within one year -€249,241
down €249,241 (-99.6%), from €250,137 to €896
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€74,286
down €74,286, from €73,096 to -€1,190
- Financial income +€2,030
up €2,030 (+75.0%), from €2,708 to €4,738
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 | €304,097 | €306,222 | +€2,125 | +0.7% |
| Fixed assets | 21/28 | €3,500 | €3,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,500 | €3,500 | = | 0.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €300,597 | €302,722 | +€2,125 | +0.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €250,137 | €896 | -€249,241 | -99.6% |
| Other amounts receivable | 41 | €250,137 | €896 | -€249,241 | -99.6% |
| Cash at bank and in hand | 54/58 | €219 | €251,826 | +€251,607 | +115073.0% |
| Deferred charges and accrued income | 490/1 | €241 | €0 | -€241 | -100.0% |
| Total equity and liabilities | 10/49 | €304,097 | €306,222 | +€2,125 | +0.7% |
| Equity | 10/15 | €181,371 | €184,234 | +€2,864 | +1.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,629 | -€15,766 | +€2,864 | +15.4% |
| Amounts payable | 17/49 | €122,726 | €121,987 | -€739 | -0.6% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,342 | €9,391 | -€951 | -9.2% |
| Other amounts payable | 47/48 | €10,342 | €9,391 | -€951 | -9.2% |
| Accrued charges and deferred income | 492/3 | €2,384 | €2,597 | +€212 | +8.9% |
| Non-recurring operating income | 76A | €82,346 | €0 | -€82,346 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,157 | €641 | -€516 | -44.6% |
| Gross operating margin | 9900 | €73,096 | -€1,190 | -€74,286 | |
| Operating profit (loss) | 9901 | €71,939 | -€1,831 | -€73,770 | |
| Financial income | 75/76B | €2,708 | €4,738 | +€2,030 | +75.0% |
| Recurring financial income | 75 | €2,708 | €4,738 | +€2,030 | +75.0% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €74,609 | €2,864 | -€71,745 | -96.2% |
| Profit (loss) for the period | 9904 | €74,609 | €2,864 | -€71,745 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,609 | €2,864 | -€71,745 | -96.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.