DEVTRONIC: 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.
DEVTRONIC
Largest movements
- Tangible fixed assets +€326,920
up €326,920 (+1058.0%), from €30,900 to €357,821
of which Land and buildings: +€329,292
- Cash -€232,305
down €232,305 (-95.8%), from €242,562 to €10,257
mainly Investment in fixed assets (net) (-€336,665) and Smaller working-capital items (-€735)
- Receivables within one year -€17,148
down €17,148 (-37.1%), from €46,256 to €29,108
of which Trade receivables: -€18,584
- Reserves +€45,679
up €45,679 (+16.3%), from €280,163 to €325,843
of which Distributable reserves: +€45,679
- Debts after one year +€12,745
new in 2025: €12,745
- Short-term financial debts +€12,255
new in 2025: €12,255
- Tax, wage and social debts +€7,523
up €7,523 (+46.7%), from €16,099 to €23,622
of which Remuneration and social security: +€4,053
- Gross operating margin -€10,457
down €10,457 (-12.6%), from €82,689 to €72,232
- Depreciation +€6,361
up €6,361 (+188.0%), from €3,384 to €9,745
- Taxes -€5,261
down €5,261 (-22.7%), from €23,210 to €17,949
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 | €320,868 | €398,393 | +€77,525 | +24.2% |
| Fixed assets | 21/28 | €30,900 | €357,821 | +€326,920 | +1058.0% |
| Tangible fixed assets | 22/27 | €30,900 | €357,821 | +€326,920 | +1058.0% |
| Land and buildings | 22 | - | €329,292 | +€329,292 | |
| Plant, machinery and equipment | 23 | €3,101 | €1,852 | -€1,249 | -40.3% |
| Furniture and vehicles | 24 | €8,762 | €8,689 | -€73 | -0.8% |
| Other tangible fixed assets | 26 | €19,037 | €17,988 | -€1,049 | -5.5% |
| Current assets | 29/58 | €289,968 | €40,572 | -€249,395 | -86.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €46,256 | €29,108 | -€17,148 | -37.1% |
| Trade receivables | 40 | €35,939 | €17,355 | -€18,584 | -51.7% |
| Other amounts receivable | 41 | €10,317 | €11,753 | +€1,436 | +13.9% |
| Cash at bank and in hand | 54/58 | €242,562 | €10,257 | -€232,305 | -95.8% |
| Deferred charges and accrued income | 490/1 | €1,150 | €1,208 | +€58 | +5.0% |
| Total equity and liabilities | 10/49 | €320,868 | €398,393 | +€77,525 | +24.2% |
| Equity | 10/15 | €298,813 | €344,493 | +€45,679 | +15.3% |
| Contributions | 10/11 | €18,650 | €18,650 | = | 0.0% |
| Reserves | 13 | €280,163 | €325,843 | +€45,679 | +16.3% |
| Tax-exempt reserves | 132 | €2,838 | €2,838 | = | 0.0% |
| Distributable reserves | 133 | €277,326 | €323,005 | +€45,679 | +16.5% |
| Amounts payable | 17/49 | €22,054 | €53,901 | +€31,846 | +144.4% |
| Amounts payable after more than one year | 17 | - | €12,745 | +€12,745 | |
| Financial debts | 170/4 | - | €12,745 | +€12,745 | |
| Amounts payable within one year | 42/48 | €21,538 | €41,155 | +€19,617 | +91.1% |
| Financial debts | 43 | - | €12,255 | +€12,255 | |
| Other loans | 439 | - | €12,255 | +€12,255 | |
| Trade debts | 44 | €5,440 | €5,279 | -€161 | -3.0% |
| Suppliers | 440/4 | €5,440 | €5,279 | -€161 | -3.0% |
| Taxes, remuneration and social security | 45 | €16,099 | €23,622 | +€7,523 | +46.7% |
| Taxes | 450/3 | €16,099 | €19,568 | +€3,470 | +21.6% |
| Remuneration and social security | 454/9 | €0 | €4,053 | +€4,053 | |
| Accrued charges and deferred income | 492/3 | €516 | €0 | -€516 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,384 | €9,745 | +€6,361 | +188.0% |
| Other operating charges | 640/8 | €514 | €492 | -€23 | -4.4% |
| Gross operating margin | 9900 | €82,689 | €72,232 | -€10,457 | -12.6% |
| Operating profit (loss) | 9901 | €78,791 | €61,996 | -€16,795 | -21.3% |
| Financial income | 75/76B | €2,353 | €1,794 | -€559 | -23.8% |
| Recurring financial income | 75 | €2,353 | €1,794 | -€559 | -23.8% |
| Financial charges | 65/66B | €127 | €162 | +€34 | +26.8% |
| Recurring financial charges | 65 | €127 | €162 | +€34 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €81,016 | €63,629 | -€17,388 | -21.5% |
| Income taxes | 67/77 | €23,210 | €17,949 | -€5,261 | -22.7% |
| Profit (loss) for the period | 9904 | €57,806 | €45,679 | -€12,127 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,806 | €45,679 | -€12,127 | -21.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.