Group Deva: 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.
Group Deva
Largest movements
- Tangible fixed assets +€110,346
up €110,346 (+70.7%), from €156,058 to €266,404
of which Leasing and similar rights: +€65,274
- Receivables within one year +€89,652
up €89,652 (+63.0%), from €142,213 to €231,865
of which Trade receivables: +€100,192
- Stocks and contracts +€35,926
up €35,926 (+50.4%), from €71,246 to €107,172
of which Stocks: +€44,182
- Cash -€23,158
no longer reported in 2025 (was €23,158)
mainly Investment in fixed assets (net) (-€157,069) and Receivables within one year (-€89,652)
- Receivables after one year -€13,903
no longer reported in 2025 (was €13,903)
- Trade debts +€91,816
up €91,816 (+82.4%), from €111,451 to €203,267
- Debts after one year +€71,199
up €71,199 (+153.4%), from €46,413 to €117,612
of which Financial debts: +€67,511
- Short-term financial debts +€31,486
new in 2025: €31,486
- Reserves -€15,244
down €15,244 (-9.2%), from €164,904 to €149,660
- Tax, wage and social debts +€9,799
up €9,799 (+34.7%), from €28,250 to €38,049
of which Remuneration and social security: +€13,545
- Staff costs +€149,084
up €149,084 (+57.8%), from €257,791 to €406,875
- Gross operating margin +€87,455
up €87,455 (+21.4%), from €409,412 to €496,867
- Taxes -€14,103
down €14,103 (-66.2%), from €21,292 to €7,189
- Depreciation +€13,187
up €13,187 (+39.6%), from €33,309 to €46,496
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 | €419,474 | €617,961 | +€198,487 | +47.3% |
| Fixed assets | 21/28 | €156,489 | €267,061 | +€110,572 | +70.7% |
| Intangible fixed assets | 21 | €338 | €288 | -€50 | -14.8% |
| Tangible fixed assets | 22/27 | €156,058 | €266,404 | +€110,346 | +70.7% |
| Land and buildings | 22 | €15,000 | €15,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €30,502 | €48,437 | +€17,935 | +58.8% |
| Furniture and vehicles | 24 | €61,424 | €81,129 | +€19,705 | +32.1% |
| Leasing and similar rights | 25 | €30,535 | €95,809 | +€65,274 | +213.8% |
| Other tangible fixed assets | 26 | €18,597 | €26,029 | +€7,432 | +40.0% |
| Financial fixed assets | 28 | €93 | €369 | +€277 | +298.6% |
| Current assets | 29/58 | €262,985 | €350,900 | +€87,915 | +33.4% |
| Amounts receivable after more than one year | 29 | €13,903 | - | -€13,903 | |
| Other amounts receivable | 291 | €13,903 | - | -€13,903 | |
| Stocks and contracts in progress | 3 | €71,246 | €107,172 | +€35,926 | +50.4% |
| Stocks | 30/36 | €62,990 | €107,172 | +€44,182 | +70.1% |
| Contracts in progress | 37 | €8,256 | - | -€8,256 | |
| Amounts receivable within one year | 40/41 | €142,213 | €231,865 | +€89,652 | +63.0% |
| Trade receivables | 40 | €88,436 | €188,628 | +€100,192 | +113.3% |
| Other amounts receivable | 41 | €53,777 | €43,237 | -€10,540 | -19.6% |
| Cash at bank and in hand | 54/58 | €23,158 | - | -€23,158 | |
| Deferred charges and accrued income | 490/1 | €12,465 | €11,863 | -€602 | -4.8% |
| Total equity and liabilities | 10/49 | €419,474 | €617,961 | +€198,487 | +47.3% |
| Equity | 10/15 | €165,904 | €150,660 | -€15,244 | -9.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €164,904 | €149,660 | -€15,244 | -9.2% |
| Distributable reserves | 133 | €164,904 | €149,660 | -€15,244 | -9.2% |
| Amounts payable | 17/49 | €253,569 | €467,301 | +€213,732 | +84.3% |
| Amounts payable after more than one year | 17 | €46,413 | €117,612 | +€71,199 | +153.4% |
| Financial debts | 170/4 | €46,413 | €113,924 | +€67,511 | +145.5% |
| Other amounts payable | 178/9 | - | €3,689 | +€3,689 | |
| Amounts payable within one year | 42/48 | €206,612 | €349,689 | +€143,076 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €66,912 | €70,887 | +€3,975 | +5.9% |
| Financial debts | 43 | - | €31,486 | +€31,486 | |
| Credit institutions | 430/8 | - | €31,486 | +€31,486 | |
| Trade debts | 44 | €111,451 | €203,267 | +€91,816 | +82.4% |
| Suppliers | 440/4 | €111,451 | €203,267 | +€91,816 | +82.4% |
| Taxes, remuneration and social security | 45 | €28,250 | €38,049 | +€9,799 | +34.7% |
| Taxes | 450/3 | €3,935 | €189 | -€3,746 | -95.2% |
| Remuneration and social security | 454/9 | €24,315 | €37,860 | +€13,545 | +55.7% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Accrued charges and deferred income | 492/3 | €544 | - | -€544 | |
| Non-recurring operating income | 76A | - | €1,817 | +€1,817 | |
| Remuneration, social security and pensions | 62 | €257,791 | €406,875 | +€149,084 | +57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,309 | €46,496 | +€13,187 | +39.6% |
| Other operating charges | 640/8 | €2,005 | €4,141 | +€2,136 | +106.5% |
| Non-recurring operating charges | 66A | €7,362 | €5,832 | -€1,530 | -20.8% |
| Gross operating margin | 9900 | €409,412 | €496,867 | +€87,455 | +21.4% |
| Operating profit (loss) | 9901 | €108,945 | €33,522 | -€75,422 | -69.2% |
| Financial income | 75/76B | €1,559 | €436 | -€1,123 | -72.0% |
| Recurring financial income | 75 | €1,559 | €436 | -€1,123 | -72.0% |
| Financial charges | 65/66B | €13,725 | €15,543 | +€1,818 | +13.2% |
| Recurring financial charges | 65 | €13,725 | €15,543 | +€1,818 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €96,778 | €18,415 | -€78,363 | -81.0% |
| Income taxes | 67/77 | €21,292 | €7,189 | -€14,103 | -66.2% |
| Profit (loss) for the period | 9904 | €75,486 | €11,226 | -€64,260 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,486 | €11,226 | -€64,260 | -85.1% |
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 6 October 2026 via checked.be.