DEVY FINANCES: 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.
DEVY FINANCES
Largest movements
- Tangible fixed assets +€22,323
up €22,323 (+3991.9%), from €559 to €22,882
- Cash -€6,584
down €6,584 (-24.3%), from €27,099 to €20,515
mainly Contributions, distributions and other (-€35,714) and Investment in fixed assets (net) (-€27,471)
- Receivables within one year +€4,024
up €4,024 (+159.8%), from €2,518 to €6,542
of which Other amounts receivable: +€3,824
- Reserves +€23,040
up €23,040 (+457.1%), from €5,041 to €28,081
- Current portion of long-term debt -€5,900
no longer reported in 2025 (was €5,900)
- Other debts +€2,863
up €2,863 (+8.5%), from €33,499 to €36,362
- Debts after one year -€2,481
no longer reported in 2025 (was €2,481)
- Tax, wage and social debts +€2,304
up €2,304 (+1440.0%), from €160 to €2,464
of which Taxes: +€2,304
- Financial income +€17,766
up €17,766 (+130.7%), from €13,592 to €31,358
- Gross operating margin +€16,136
up €16,136 (+54.0%), from €29,896 to €46,032
- Taxes +€4,310
up €4,310 (+54.0%), from €7,981 to €12,291
- Depreciation +€983
up €983 (+23.6%), from €4,165 to €5,148
- Other operating charges -€494
down €494 (-36.6%), from €1,350 to €856
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 | €68,830 | €89,424 | +€20,595 | +29.9% |
| Fixed assets | 21/28 | €38,614 | €60,937 | +€22,323 | +57.8% |
| Tangible fixed assets | 22/27 | €559 | €22,882 | +€22,323 | +3991.9% |
| Furniture and vehicles | 24 | €559 | €22,882 | +€22,323 | +3991.9% |
| Financial fixed assets | 28 | €38,055 | €38,055 | = | 0.0% |
| Current assets | 29/58 | €30,216 | €28,487 | -€1,729 | -5.7% |
| Amounts receivable within one year | 40/41 | €2,518 | €6,542 | +€4,024 | +159.8% |
| Trade receivables | 40 | €421 | €621 | +€200 | +47.5% |
| Other amounts receivable | 41 | €2,097 | €5,920 | +€3,824 | +182.4% |
| Cash at bank and in hand | 54/58 | €27,099 | €20,515 | -€6,584 | -24.3% |
| Deferred charges and accrued income | 490/1 | €599 | €1,431 | +€832 | +139.0% |
| Total equity and liabilities | 10/49 | €68,830 | €89,424 | +€20,595 | +29.9% |
| Equity | 10/15 | €25,041 | €48,081 | +€23,040 | +92.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,041 | €28,081 | +€23,040 | +457.1% |
| Distributable reserves | 133 | €5,041 | €28,081 | +€23,040 | +457.1% |
| Amounts payable | 17/49 | €43,789 | €41,343 | -€2,446 | -5.6% |
| Amounts payable after more than one year | 17 | €2,481 | - | -€2,481 | |
| Financial debts | 170/4 | €2,481 | - | -€2,481 | |
| Amounts payable within one year | 42/48 | €40,920 | €40,943 | +€23 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,900 | - | -€5,900 | |
| Financial debts | 43 | €294 | - | -€294 | |
| Credit institutions | 430/8 | €294 | - | -€294 | |
| Trade debts | 44 | €1,067 | €2,117 | +€1,050 | +98.4% |
| Suppliers | 440/4 | €1,067 | €2,117 | +€1,050 | +98.4% |
| Taxes, remuneration and social security | 45 | €160 | €2,464 | +€2,304 | +1440.0% |
| Taxes | 450/3 | - | €2,304 | +€2,304 | |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €33,499 | €36,362 | +€2,863 | +8.5% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating income | 76A | - | €7,671 | +€7,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,165 | €5,148 | +€983 | +23.6% |
| Other operating charges | 640/8 | €1,350 | €856 | -€494 | -36.6% |
| Gross operating margin | 9900 | €29,896 | €46,032 | +€16,136 | +54.0% |
| Operating profit (loss) | 9901 | €24,381 | €40,028 | +€15,647 | +64.2% |
| Financial income | 75/76B | €13,592 | €31,358 | +€17,766 | +130.7% |
| Recurring financial income | 75 | €13,592 | €31,358 | +€17,766 | +130.7% |
| Financial charges | 65/66B | €504 | €340 | -€164 | -32.5% |
| Recurring financial charges | 65 | €504 | €340 | -€164 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €37,468 | €71,046 | +€33,577 | +89.6% |
| Income taxes | 67/77 | €7,981 | €12,291 | +€4,310 | +54.0% |
| Profit (loss) for the period | 9904 | €29,488 | €58,755 | +€29,267 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,488 | €58,755 | +€29,267 | +99.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.