DEVSON: 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.
DEVSON
Largest movements
- Financial fixed assets +€198,000
new in 2025: €198,000
- Cash +€12,631
up €12,631 (+136%), from €9,311 to €21,942
mainly Short-term financial debts (+€198,000) and Net result for the year (+€67,844)
- Tangible fixed assets -€10,507
down €10,507 (-1.5%), from €697,475 to €686,968
of which Land and buildings: -€11,767
- Short-term financial debts +€198,000
new in 2025: €198,000
- Debts after one year -€117,787
down €117,787 (-42.8%), from €274,900 to €157,114
of which Other amounts payable: -€75,000
- Reserves +€67,844
up €67,844 (+37.4%), from €181,566 to €249,409
of which Distributable reserves: +€67,844
- Other debts +€28,689
up €28,689 (+186%), from €15,448 to €44,137
- Tax, wage and social debts +€13,816
up €13,816 (+83.7%), from €16,504 to €30,320
- Gross operating margin +€48,229
up €48,229 (+44.4%), from €108,552 to €156,781
- Depreciation +€18,260
up €18,260 (+69.9%), from €26,111 to €44,371
- Taxes +€9,097
up €9,097 (+48.5%), from €18,740 to €27,837
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 | €736,164 | €939,178 | +€203,013 | +27.6% |
| Fixed assets | 21/28 | €697,475 | €884,968 | +€187,493 | +26.9% |
| Tangible fixed assets | 22/27 | €697,475 | €686,968 | -€10,507 | -1.5% |
| Land and buildings | 22 | €587,246 | €575,480 | -€11,767 | -2.0% |
| Plant, machinery and equipment | 23 | €735 | €252 | -€483 | -65.7% |
| Furniture and vehicles | 24 | €109,494 | €111,237 | +€1,742 | +1.6% |
| Financial fixed assets | 28 | - | €198,000 | +€198,000 | |
| Current assets | 29/58 | €38,689 | €54,210 | +€15,521 | +40.1% |
| Amounts receivable within one year | 40/41 | €21,720 | €25,327 | +€3,607 | +16.6% |
| Trade receivables | 40 | €21,451 | €25,028 | +€3,577 | +16.7% |
| Other amounts receivable | 41 | €269 | €298 | +€30 | +11.1% |
| Cash at bank and in hand | 54/58 | €9,311 | €21,942 | +€12,631 | +136% |
| Deferred charges and accrued income | 490/1 | €7,658 | €6,941 | -€717 | -9.4% |
| Total equity and liabilities | 10/49 | €736,164 | €939,178 | +€203,013 | +27.6% |
| Equity | 10/15 | €362,766 | €430,609 | +€67,844 | +18.7% |
| Contributions | 10/11 | €181,200 | €181,200 | = | 0.0% |
| Reserves | 13 | €181,566 | €249,409 | +€67,844 | +37.4% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €181,266 | €249,109 | +€67,844 | +37.4% |
| Amounts payable | 17/49 | €373,399 | €508,568 | +€135,170 | +36.2% |
| Amounts payable after more than one year | 17 | €274,900 | €157,114 | -€117,787 | -42.8% |
| Financial debts | 170/4 | €199,900 | €157,114 | -€42,787 | -21.4% |
| Other amounts payable | 178/9 | €75,000 | €0 | -€75,000 | -100% |
| Amounts payable within one year | 42/48 | €98,498 | €350,686 | +€252,187 | +256% |
| Current portion of amounts payable after more than one year | 42 | €58,352 | €68,278 | +€9,926 | +17.0% |
| Financial debts | 43 | - | €198,000 | +€198,000 | |
| Credit institutions | 430/8 | - | €198,000 | +€198,000 | |
| Trade debts | 44 | €8,194 | €9,951 | +€1,756 | +21.4% |
| Suppliers | 440/4 | €8,194 | €9,951 | +€1,756 | +21.4% |
| Taxes, remuneration and social security | 45 | €16,504 | €30,320 | +€13,816 | +83.7% |
| Taxes | 450/3 | €16,504 | €30,320 | +€13,816 | +83.7% |
| Other amounts payable | 47/48 | €15,448 | €44,137 | +€28,689 | +186% |
| Accrued charges and deferred income | 492/3 | €0 | €769 | +€769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,111 | €44,371 | +€18,260 | +69.9% |
| Other operating charges | 640/8 | €2,388 | €2,432 | +€44 | +1.8% |
| Gross operating margin | 9900 | €108,552 | €156,781 | +€48,229 | +44.4% |
| Operating profit (loss) | 9901 | €80,052 | €109,977 | +€29,925 | +37.4% |
| Financial income | 75/76B | €563 | €296 | -€267 | -47.4% |
| Recurring financial income | 75 | €563 | €296 | -€267 | -47.4% |
| Non-recurring financial income | 76B | €563 | €0 | -€563 | -100% |
| Financial charges | 65/66B | €15,503 | €14,592 | -€911 | -5.9% |
| Recurring financial charges | 65 | €15,503 | €14,592 | -€911 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €65,112 | €95,681 | +€30,569 | +46.9% |
| Income taxes | 67/77 | €18,740 | €27,837 | +€9,097 | +48.5% |
| Profit (loss) for the period | 9904 | €46,372 | €67,844 | +€21,472 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,372 | €67,844 | +€21,472 | +46.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.