DEVV-RE: 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.
DEVV-RE
Largest movements
- Receivables within one year +€82,546
up €82,546 (+273%), from €30,243 to €112,788
of which Trade receivables: +€112,523
- Cash -€37,501
down €37,501 (-18.7%), from €200,158 to €162,657
mainly Contributions, distributions and other (-€190,218) and Receivables within one year (-€82,546)
- Profit (loss) carried forward -€155,218
down €155,218 (-100%), from €155,218 to €0
- Other debts +€133,353
new in 2025: €133,353
- Tax, wage and social debts +€44,830
up €44,830 (+301%), from €14,903 to €59,733
- Trade debts +€10,569
up €10,569 (+39.2%), from €26,930 to €37,499
- Reserves +€7,906
up €7,906 (+19.9%), from €39,802 to €47,708
- Taxes -€3,135
down €3,135 (-19.8%), from €15,836 to €12,701
- Gross operating margin +€2,089
up €2,089 (+3.5%), from €59,179 to €61,268
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 | €238,033 | €281,282 | +€43,249 | +18.2% |
| Fixed assets | 21/28 | €4,446 | €2,620 | -€1,826 | -41.1% |
| Tangible fixed assets | 22/27 | €4,446 | €2,620 | -€1,826 | -41.1% |
| Plant, machinery and equipment | 23 | - | €175 | +€175 | |
| Furniture and vehicles | 24 | €4,164 | €2,445 | -€1,719 | -41.3% |
| Leasing and similar rights | 25 | €282 | - | -€282 | |
| Current assets | 29/58 | €233,587 | €278,662 | +€45,075 | +19.3% |
| Amounts receivable within one year | 40/41 | €30,243 | €112,788 | +€82,546 | +273% |
| Trade receivables | 40 | €86 | €112,609 | +€112,523 | +130,872% |
| Other amounts receivable | 41 | €30,157 | €179 | -€29,978 | -99.4% |
| Cash at bank and in hand | 54/58 | €200,158 | €162,657 | -€37,501 | -18.7% |
| Deferred charges and accrued income | 490/1 | €3,186 | €3,216 | +€30 | +0.9% |
| Total equity and liabilities | 10/49 | €238,033 | €281,282 | +€43,249 | +18.2% |
| Equity | 10/15 | €196,020 | €48,708 | -€147,311 | -75.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €39,802 | €47,708 | +€7,906 | +19.9% |
| Distributable reserves | 133 | €39,802 | €47,708 | +€7,906 | +19.9% |
| Profit (loss) carried forward | 14 | €155,218 | €0 | -€155,218 | -100% |
| Amounts payable | 17/49 | €42,014 | €232,574 | +€190,560 | +454% |
| Amounts payable within one year | 42/48 | €41,833 | €230,585 | +€188,752 | +451% |
| Trade debts | 44 | €26,930 | €37,499 | +€10,569 | +39.2% |
| Suppliers | 440/4 | €26,930 | €37,499 | +€10,569 | +39.2% |
| Taxes, remuneration and social security | 45 | €14,903 | €59,733 | +€44,830 | +301% |
| Taxes | 450/3 | €14,903 | €59,733 | +€44,830 | +301% |
| Other amounts payable | 47/48 | - | €133,353 | +€133,353 | |
| Accrued charges and deferred income | 492/3 | €181 | €1,989 | +€1,808 | +1,001% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,347 | €1,884 | -€463 | -19.7% |
| Other operating charges | 640/8 | €664 | €809 | +€145 | +21.9% |
| Non-recurring operating charges | 66A | - | €2,289 | +€2,289 | |
| Gross operating margin | 9900 | €59,179 | €61,268 | +€2,089 | +3.5% |
| Operating profit (loss) | 9901 | €56,169 | €56,286 | +€118 | +0.2% |
| Financial income | 75/76B | €1,637 | €1,510 | -€127 | -7.8% |
| Recurring financial income | 75 | €1,637 | €1,510 | -€127 | -7.8% |
| Financial charges | 65/66B | €2,168 | €2,189 | +€21 | +1.0% |
| Recurring financial charges | 65 | €2,168 | €2,189 | +€21 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €55,638 | €55,607 | -€31 | -0.1% |
| Income taxes | 67/77 | €15,836 | €12,701 | -€3,135 | -19.8% |
| Profit (loss) for the period | 9904 | €39,802 | €42,906 | +€3,104 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,802 | €42,906 | +€3,104 | +7.8% |
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 23 October 2026 via checked.be.