DeVrango: 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.
DeVrango
Largest movements
- Tangible fixed assets +€72,041
up €72,041 (+16.3%), from €441,991 to €514,032
of which Assets under construction and advance payments: +€95,529
- Receivables within one year -€49,576
down €49,576 (-47.6%), from €104,100 to €54,525
of which Trade receivables: -€51,762
- Cash -€19,715
down €19,715 (-9.4%), from €210,378 to €190,663
mainly Investment in fixed assets (net) (-€98,239) and Contributions, distributions and other (-€81,846)
- Trade debts -€37,223
down €37,223 (-93.0%), from €40,019 to €2,796
- Reserves +€34,878
up €34,878 (+10.5%), from €333,398 to €368,275
- Profit (loss) carried forward -€31,313
down €31,313 (-100.0%), from €31,313 to €0
- Debts after one year +€21,993
up €21,993 (+8.1%), from €272,117 to €294,110
- Current portion of long-term debt +€10,363
up €10,363 (+46.4%), from €22,325 to €32,688
- Gross operating margin -€41,502
down €41,502 (-20.9%), from €198,538 to €157,037
- Taxes -€17,674
down €17,674 (-33.7%), from €52,435 to €34,761
- Depreciation +€9,874
up €9,874 (+66.4%), from €14,861 to €24,735
- Financial charges +€5,455
up €5,455 (+98.0%), from €5,568 to €11,023
- Other operating charges -€2,132
down €2,132 (-65.8%), from €3,238 to €1,106
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 | €760,153 | €765,536 | +€5,383 | +0.7% |
| Fixed assets | 21/28 | €445,231 | €518,734 | +€73,504 | +16.5% |
| Intangible fixed assets | 21 | €3,150 | €4,703 | +€1,553 | +49.3% |
| Tangible fixed assets | 22/27 | €441,991 | €514,032 | +€72,041 | +16.3% |
| Land and buildings | 22 | €157,695 | €152,447 | -€5,248 | -3.3% |
| Furniture and vehicles | 24 | €68,448 | €50,847 | -€17,601 | -25.7% |
| Other tangible fixed assets | 26 | €1,508 | €870 | -€639 | -42.3% |
| Assets under construction and advance payments | 27 | €214,339 | €309,868 | +€95,529 | +44.6% |
| Financial fixed assets | 28 | €90 | €0 | -€90 | -100.0% |
| Current assets | 29/58 | €314,922 | €246,801 | -€68,121 | -21.6% |
| Amounts receivable within one year | 40/41 | €104,100 | €54,525 | -€49,576 | -47.6% |
| Trade receivables | 40 | €101,876 | €50,115 | -€51,762 | -50.8% |
| Other amounts receivable | 41 | €2,224 | €4,410 | +€2,186 | +98.3% |
| Current investments | 50/53 | €37 | €33 | -€4 | -11.2% |
| Cash at bank and in hand | 54/58 | €210,378 | €190,663 | -€19,715 | -9.4% |
| Deferred charges and accrued income | 490/1 | €408 | €1,582 | +€1,174 | +287.9% |
| Total equity and liabilities | 10/49 | €760,153 | €765,536 | +€5,383 | +0.7% |
| Equity | 10/15 | €383,310 | €386,875 | +€3,565 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €333,398 | €368,275 | +€34,878 | +10.5% |
| Distributable reserves | 133 | €333,398 | €368,275 | +€34,878 | +10.5% |
| Profit (loss) carried forward | 14 | €31,313 | €0 | -€31,313 | -100.0% |
| Amounts payable | 17/49 | €376,843 | €378,660 | +€1,817 | +0.5% |
| Amounts payable after more than one year | 17 | €272,117 | €294,110 | +€21,993 | +8.1% |
| Financial debts | 170/4 | €272,117 | €294,110 | +€21,993 | +8.1% |
| Amounts payable within one year | 42/48 | €104,726 | €82,949 | -€21,778 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €22,325 | €32,688 | +€10,363 | +46.4% |
| Trade debts | 44 | €40,019 | €2,796 | -€37,223 | -93.0% |
| Suppliers | 440/4 | €40,019 | €2,796 | -€37,223 | -93.0% |
| Taxes, remuneration and social security | 45 | €42,383 | €47,465 | +€5,083 | +12.0% |
| Taxes | 450/3 | €42,383 | €47,465 | +€5,083 | +12.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,602 | +€1,602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,861 | €24,735 | +€9,874 | +66.4% |
| Other operating charges | 640/8 | €3,238 | €1,106 | -€2,132 | -65.8% |
| Gross operating margin | 9900 | €198,538 | €157,037 | -€41,502 | -20.9% |
| Operating profit (loss) | 9901 | €180,439 | €131,195 | -€49,244 | -27.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,568 | €11,023 | +€5,455 | +98.0% |
| Recurring financial charges | 65 | €5,568 | €11,023 | +€5,455 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | €174,871 | €120,172 | -€54,699 | -31.3% |
| Income taxes | 67/77 | €52,435 | €34,761 | -€17,674 | -33.7% |
| Profit (loss) for the period | 9904 | €122,435 | €85,411 | -€37,025 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €122,435 | €85,411 | -€37,025 | -30.2% |
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 12 October 2026 via checked.be.