DEVX: 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.
DEVX
Largest movements
- Current investments +€248,198
up €248,198 (+70.9%), from €350,000 to €598,198
- Cash -€150,130
down €150,130 (-91.1%), from €164,845 to €14,715
mainly Current investments (-€248,198)
- Reserves +€77,598
up €77,598 (+18.8%), from €413,378 to €490,976
- Other debts +€13,495
up €13,495 (+88.3%), from €15,275 to €28,770
- Tax, wage and social debts +€6,317
up €6,317 (+35.8%), from €17,641 to €23,958
- Financial income +€8,888
up €8,888 (+74.9%), from €11,870 to €20,759
- Financial charges +€2,232
up €2,232 (+217.7%), from €1,025 to €3,257
- Gross operating margin -€1,541
down €1,541 (-1.7%), from €90,574 to €89,033
- Taxes -€1,346
down €1,346 (-4.7%), from €28,781 to €27,435
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 | €529,198 | €626,475 | +€97,277 | +18.4% |
| Fixed assets | 21/28 | €1,305 | €809 | -€496 | -38.0% |
| Tangible fixed assets | 22/27 | €1,280 | €784 | -€496 | -38.7% |
| Furniture and vehicles | 24 | €1,280 | €784 | -€496 | -38.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €527,893 | €625,666 | +€97,772 | +18.5% |
| Amounts receivable within one year | 40/41 | €13,049 | €12,753 | -€296 | -2.3% |
| Trade receivables | 40 | €13,039 | €12,506 | -€532 | -4.1% |
| Other amounts receivable | 41 | €10 | €247 | +€237 | +2375.0% |
| Current investments | 50/53 | €350,000 | €598,198 | +€248,198 | +70.9% |
| Cash at bank and in hand | 54/58 | €164,845 | €14,715 | -€150,130 | -91.1% |
| Total equity and liabilities | 10/49 | €529,198 | €626,475 | +€97,277 | +18.4% |
| Equity | 10/15 | €495,234 | €572,832 | +€77,598 | +15.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €413,378 | €490,976 | +€77,598 | +18.8% |
| Distributable reserves | 133 | €413,378 | €490,976 | +€77,598 | +18.8% |
| Profit (loss) carried forward | 14 | €69,456 | €69,456 | = | 0.0% |
| Amounts payable | 17/49 | €33,964 | €53,643 | +€19,679 | +57.9% |
| Amounts payable within one year | 42/48 | €33,955 | €53,643 | +€19,688 | +58.0% |
| Trade debts | 44 | €1,039 | €915 | -€125 | -12.0% |
| Suppliers | 440/4 | €1,039 | €915 | -€125 | -12.0% |
| Taxes, remuneration and social security | 45 | €17,641 | €23,958 | +€6,317 | +35.8% |
| Taxes | 450/3 | €17,641 | €23,958 | +€6,317 | +35.8% |
| Other amounts payable | 47/48 | €15,275 | €28,770 | +€13,495 | +88.3% |
| Accrued charges and deferred income | 492/3 | €9 | €0 | -€9 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €496 | +€288 | +139.2% |
| Other operating charges | 640/8 | €975 | €1,006 | +€31 | +3.2% |
| Gross operating margin | 9900 | €90,574 | €89,033 | -€1,541 | -1.7% |
| Operating profit (loss) | 9901 | €89,392 | €87,531 | -€1,860 | -2.1% |
| Financial income | 75/76B | €11,870 | €20,759 | +€8,888 | +74.9% |
| Recurring financial income | 75 | €11,870 | €20,759 | +€8,888 | +74.9% |
| Financial charges | 65/66B | €1,025 | €3,257 | +€2,232 | +217.7% |
| Recurring financial charges | 65 | €1,025 | €3,257 | +€2,232 | +217.7% |
| Profit (loss) for the period before taxes | 9903 | €100,237 | €105,032 | +€4,796 | +4.8% |
| Income taxes | 67/77 | €28,781 | €27,435 | -€1,346 | -4.7% |
| Profit (loss) for the period | 9904 | €71,456 | €77,598 | +€6,142 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,456 | €77,598 | +€6,142 | +8.6% |
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 11 October 2026 via checked.be.