DEVULAW: 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.
DEVULAW
Largest movements
- Receivables within one year -€32,777
down €32,777 (-45.3%), from €72,306 to €39,529
of which Other amounts receivable: -€32,477
- Tangible fixed assets +€2,051
up €2,051 (+78.7%), from €2,608 to €4,659
- Cash +€1,898
up €1,898 (+279.9%), from €678 to €2,577
mainly Receivables within one year (+€32,777) and Net result for the year (+€16,172)
- Other debts -€26,474
down €26,474 (-62.1%), from €42,646 to €16,172
- Trade debts -€2,068
down €2,068 (-22.0%), from €9,386 to €7,318
- Gross operating margin -€27,943
down €27,943 (-68.3%), from €40,922 to €12,978
- Financial income +€12,315
up €12,315 (+123154000.0%), from €0 to €12,315
of which Non-recurring financial income: +€12,315
- Taxes -€4,139
down €4,139 (-38.4%), from €10,772 to €6,633
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 | €75,653 | €46,765 | -€28,888 | -38.2% |
| Fixed assets | 21/28 | €2,608 | €4,659 | +€2,051 | +78.7% |
| Tangible fixed assets | 22/27 | €2,608 | €4,659 | +€2,051 | +78.7% |
| Furniture and vehicles | 24 | €2,608 | €4,659 | +€2,051 | +78.7% |
| Current assets | 29/58 | €73,045 | €42,106 | -€30,940 | -42.4% |
| Amounts receivable within one year | 40/41 | €72,306 | €39,529 | -€32,777 | -45.3% |
| Trade receivables | 40 | €10,000 | €9,700 | -€300 | -3.0% |
| Other amounts receivable | 41 | €62,306 | €29,829 | -€32,477 | -52.1% |
| Cash at bank and in hand | 54/58 | €678 | €2,577 | +€1,898 | +279.9% |
| Deferred charges and accrued income | 490/1 | €61 | - | -€61 | |
| Total equity and liabilities | 10/49 | €75,653 | €46,765 | -€28,888 | -38.2% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €73,653 | €44,765 | -€28,888 | -39.2% |
| Amounts payable within one year | 42/48 | €73,653 | €44,765 | -€28,888 | -39.2% |
| Trade debts | 44 | €9,386 | €7,318 | -€2,068 | -22.0% |
| Suppliers | 440/4 | €9,386 | €7,318 | -€2,068 | -22.0% |
| Taxes, remuneration and social security | 45 | €21,621 | €21,275 | -€346 | -1.6% |
| Taxes | 450/3 | €21,621 | €21,275 | -€346 | -1.6% |
| Other amounts payable | 47/48 | €42,646 | €16,172 | -€26,474 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536 | €731 | +€195 | +36.4% |
| Other operating charges | 640/8 | €5 | €387 | +€382 | +7756.8% |
| Non-recurring operating charges | 66A | €1,401 | - | -€1,401 | |
| Gross operating margin | 9900 | €40,922 | €12,978 | -€27,943 | -68.3% |
| Operating profit (loss) | 9901 | €38,979 | €11,860 | -€27,120 | -69.6% |
| Financial income | 75/76B | €0 | €12,315 | +€12,315 | +123154000.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Non-recurring financial income | 76B | - | €12,315 | +€12,315 | |
| Financial charges | 65/66B | €1,683 | €1,371 | -€313 | -18.6% |
| Recurring financial charges | 65 | €1,683 | €1,371 | -€313 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €37,296 | €22,805 | -€14,492 | -38.9% |
| Income taxes | 67/77 | €10,772 | €6,633 | -€4,139 | -38.4% |
| Profit (loss) for the period | 9904 | €26,524 | €16,172 | -€10,352 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,524 | €16,172 | -€10,352 | -39.0% |
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 8 October 2026 via checked.be.