DEVSO: 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.
DEVSO
Largest movements
- Receivables within one year -€70,172
down €70,172 (-9.4%), from €743,494 to €673,321
of which Trade receivables: -€64,977
- Stocks and contracts -€34,938
down €34,938 (-63.2%), from €55,289 to €20,351
of which Contracts in progress: -€19,790
- Cash +€28,213
up €28,213 (+108.4%), from €26,024 to €54,237
mainly Receivables within one year (+€70,172) and Stocks and contracts (+€34,938)
- Tangible fixed assets -€22,324
down €22,324 (-25.7%), from €86,727 to €64,403
of which Furniture and vehicles: -€21,896
- Tax, wage and social debts -€56,056
down €56,056 (-97.4%), from €57,564 to €1,508
of which Taxes: -€49,062
- Other debts -€55,699
down €55,699 (-38.2%), from €145,699 to €90,000
- Trade debts +€26,968
up €26,968 (+5.4%), from €496,576 to €523,544
- Profit (loss) carried forward +€25,971
up €25,971 (+3852.9%), from €674 to €26,646
- Debts after one year -€25,195
down €25,195 (-55.3%), from €45,522 to €20,328
- Staff costs -€162,940
down €162,940 (-99.7%), from €163,497 to €557
- Gross operating margin -€140,218
down €140,218 (-69.8%), from €200,974 to €60,755
- Financial charges -€2,515
down €2,515 (-18.1%), from €13,926 to €11,410
- Other operating charges -€2,343
down €2,343 (-83.7%), from €2,799 to €456
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 | €928,034 | €835,770 | -€92,264 | -9.9% |
| Fixed assets | 21/28 | €87,489 | €64,403 | -€23,086 | -26.4% |
| Tangible fixed assets | 22/27 | €86,727 | €64,403 | -€22,324 | -25.7% |
| Plant, machinery and equipment | 23 | €1,616 | €1,189 | -€427 | -26.4% |
| Furniture and vehicles | 24 | €85,111 | €63,214 | -€21,896 | -25.7% |
| Financial fixed assets | 28 | €762 | - | -€762 | |
| Current assets | 29/58 | €840,545 | €771,366 | -€69,178 | -8.2% |
| Stocks and contracts in progress | 3 | €55,289 | €20,351 | -€34,938 | -63.2% |
| Stocks | 30/36 | €35,499 | €20,351 | -€15,148 | -42.7% |
| Contracts in progress | 37 | €19,790 | - | -€19,790 | |
| Amounts receivable within one year | 40/41 | €743,494 | €673,321 | -€70,172 | -9.4% |
| Trade receivables | 40 | €679,560 | €614,583 | -€64,977 | -9.6% |
| Other amounts receivable | 41 | €63,934 | €58,738 | -€5,196 | -8.1% |
| Cash at bank and in hand | 54/58 | €26,024 | €54,237 | +€28,213 | +108.4% |
| Deferred charges and accrued income | 490/1 | €15,738 | €23,457 | +€7,719 | +49.0% |
| Total equity and liabilities | 10/49 | €928,034 | €835,770 | -€92,264 | -9.9% |
| Equity | 10/15 | €19,224 | €45,196 | +€25,971 | +135.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €674 | €26,646 | +€25,971 | +3852.9% |
| Amounts payable | 17/49 | €908,810 | €790,574 | -€118,236 | -13.0% |
| Amounts payable after more than one year | 17 | €45,522 | €20,328 | -€25,195 | -55.3% |
| Financial debts | 170/4 | €45,522 | €20,328 | -€25,195 | -55.3% |
| Amounts payable within one year | 42/48 | €863,288 | €770,247 | -€93,041 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €23,449 | €25,195 | +€1,745 | +7.4% |
| Financial debts | 43 | €140,000 | €130,000 | -€10,000 | -7.1% |
| Credit institutions | 430/8 | €140,000 | €130,000 | -€10,000 | -7.1% |
| Trade debts | 44 | €496,576 | €523,544 | +€26,968 | +5.4% |
| Suppliers | 440/4 | €496,576 | €523,544 | +€26,968 | +5.4% |
| Taxes, remuneration and social security | 45 | €57,564 | €1,508 | -€56,056 | -97.4% |
| Taxes | 450/3 | €50,570 | €1,508 | -€49,062 | -97.0% |
| Remuneration and social security | 454/9 | €6,994 | - | -€6,994 | |
| Other amounts payable | 47/48 | €145,699 | €90,000 | -€55,699 | -38.2% |
| Remuneration, social security and pensions | 62 | €163,497 | €557 | -€162,940 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,549 | €22,324 | +€1,774 | +8.6% |
| Other operating charges | 640/8 | €2,799 | €456 | -€2,343 | -83.7% |
| Gross operating margin | 9900 | €200,974 | €60,755 | -€140,218 | -69.8% |
| Operating profit (loss) | 9901 | €14,128 | €37,418 | +€23,290 | +164.8% |
| Financial income | 75/76B | €5 | €25 | +€20 | +383.1% |
| Recurring financial income | 75 | €5 | €25 | +€20 | +383.1% |
| Financial charges | 65/66B | €13,926 | €11,410 | -€2,515 | -18.1% |
| Recurring financial charges | 65 | €13,926 | €11,410 | -€2,515 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €208 | €26,033 | +€25,825 | +12435.5% |
| Income taxes | 67/77 | - | €61 | +€61 | |
| Profit (loss) for the period | 9904 | €208 | €25,971 | +€25,764 | +12406.1% |
| Profit (loss) for the period to be appropriated | 9905 | €208 | €25,971 | +€25,764 | +12406.1% |
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 9 October 2026 via checked.be.