DEVVAN: 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.
DEVVAN
Largest movements
- Tangible fixed assets +€2.8m
up €2.8m (+87.5%), from €3.2m to €6.0m
of which Land and buildings: +€2.8m
- Cash +€294,465
up €294,465 (+447.3%), from €65,837 to €360,302
mainly Debts after one year (+€2.0m) and Net result for the year (+€736,667)
- Receivables within one year +€193,667
up €193,667 (+45.9%), from €421,481 to €615,148
of which Other amounts receivable: +€187,338
- Debts after one year +€2.0m
up €2.0m (+70.8%), from €2.9m to €4.9m
- Reserves +€738,470
up €738,470 (+492.3%), from €150,000 to €888,470
of which Tax-exempt reserves: +€783,470
- Provisions +€261,157
new in 2025: €261,157
- Other debts +€217,500
up €217,500 (+43.5%), from €499,546 to €717,045
- Tax, wage and social debts -€90,197
down €90,197 (-46.4%), from €194,456 to €104,259
- Gross operating margin +€1.3m
up €1.3m (+686.3%), from €185,330 to €1.5m
- Depreciation +€90,157
up €90,157 (+44.0%), from €204,793 to €294,950
- Financial charges +€52,971
up €52,971 (+78.1%), from €67,862 to €120,833
- Other operating charges +€27,982
up €27,982 (+180.2%), from €15,525 to €43,507
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 | €4,110,438 | €7,409,453 | +€3.3m | +80.3% |
| Fixed assets | 21/28 | €3,623,120 | €6,433,293 | +€2.8m | +77.6% |
| Tangible fixed assets | 22/27 | €3,206,120 | €6,010,910 | +€2.8m | +87.5% |
| Land and buildings | 22 | €3,201,779 | €6,008,569 | +€2.8m | +87.7% |
| Furniture and vehicles | 24 | €4,341 | €2,341 | -€2,000 | -46.1% |
| Financial fixed assets | 28 | €417,000 | €422,382 | +€5,382 | +1.3% |
| Current assets | 29/58 | €487,318 | €976,161 | +€488,843 | +100.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €421,481 | €615,148 | +€193,667 | +45.9% |
| Trade receivables | 40 | €18,672 | €25,000 | +€6,328 | +33.9% |
| Other amounts receivable | 41 | €402,809 | €590,148 | +€187,338 | +46.5% |
| Cash at bank and in hand | 54/58 | €65,837 | €360,302 | +€294,465 | +447.3% |
| Deferred charges and accrued income | 490/1 | - | €711 | +€711 | |
| Total equity and liabilities | 10/49 | €4,110,438 | €7,409,453 | +€3.3m | +80.3% |
| Equity | 10/15 | €277,990 | €1,014,656 | +€736,667 | +265.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €888,470 | +€738,470 | +492.3% |
| Tax-exempt reserves | 132 | - | €783,470 | +€783,470 | |
| Distributable reserves | 133 | €150,000 | €105,000 | -€45,000 | -30.0% |
| Profit (loss) carried forward | 14 | €2,990 | €1,186 | -€1,803 | -60.3% |
| Provisions and deferred taxes | 16 | - | €261,157 | +€261,157 | |
| Deferred taxes | 168 | - | €261,157 | +€261,157 | |
| Amounts payable | 17/49 | €3,832,448 | €6,133,640 | +€2.3m | +60.0% |
| Amounts payable after more than one year | 17 | €2,855,310 | €4,877,374 | +€2.0m | +70.8% |
| Financial debts | 170/4 | €2,855,310 | €4,877,374 | +€2.0m | +70.8% |
| Amounts payable within one year | 42/48 | €949,148 | €1,216,036 | +€266,889 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €210,307 | €299,995 | +€89,688 | +42.6% |
| Financial debts | 43 | €11,763 | €75,496 | +€63,733 | +541.8% |
| Credit institutions | 430/8 | €11,763 | €75,496 | +€63,733 | +541.8% |
| Trade debts | 44 | €33,076 | €19,241 | -€13,835 | -41.8% |
| Suppliers | 440/4 | €33,076 | €19,241 | -€13,835 | -41.8% |
| Taxes, remuneration and social security | 45 | €194,456 | €104,259 | -€90,197 | -46.4% |
| Taxes | 450/3 | €194,456 | €104,259 | -€90,197 | -46.4% |
| Other amounts payable | 47/48 | €499,546 | €717,045 | +€217,500 | +43.5% |
| Accrued charges and deferred income | 492/3 | €27,991 | €40,230 | +€12,240 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,793 | €294,950 | +€90,157 | +44.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €615 | +€615 | |
| Other operating charges | 640/8 | €15,525 | €43,507 | +€27,982 | +180.2% |
| Gross operating margin | 9900 | €185,330 | €1,457,273 | +€1.3m | +686.3% |
| Operating profit (loss) | 9901 | -€34,988 | €1,118,201 | +€1.2m | |
| Financial income | 75/76B | €1,597 | €456 | -€1,141 | -71.5% |
| Recurring financial income | 75 | €1,597 | €456 | -€1,141 | -71.5% |
| Financial charges | 65/66B | €67,862 | €120,833 | +€52,971 | +78.1% |
| Recurring financial charges | 65 | €67,862 | €120,833 | +€52,971 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | -€101,253 | €997,823 | +€1.1m | |
| Transfer from deferred taxes | 780 | - | €6,094 | +€6,094 | |
| Transfer to deferred taxes | 680 | - | €267,251 | +€267,251 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€101,253 | €736,667 | +€837,920 | |
| Transfer from tax-exempt reserves | 789 | - | €18,283 | +€18,283 | |
| Transfer to tax-exempt reserves | 689 | - | €801,753 | +€801,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,253 | -€46,803 | +€54,450 | +53.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.