HOLDING DEVAN: 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.
HOLDING DEVAN
Largest movements
- Tangible fixed assets -€8,931
down €8,931 (-3.0%), from €295,911 to €286,980
of which Land and buildings: -€7,238
- Deferred charges and accrued income +€5,400
new in 2025: €5,400
- Cash -€3,554
down €3,554 (-62.4%), from €5,697 to €2,143
mainly Other debts (-€7,690) and Deferred charges and accrued income (-€5,400)
- Other debts -€7,690
down €7,690 (-7.7%), from €100,253 to €92,563
- Depreciation -€4,666
down €4,666 (-34.3%), from €13,597 to €8,931
- Gross operating margin +€708
up €708 (+6.4%), from €10,999 to €11,707
- Other operating charges +€327
up €327 (+17.7%), from €1,843 to €2,170
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 | €301,607 | €294,523 | -€7,085 | -2.3% |
| Fixed assets | 21/28 | €295,911 | €286,980 | -€8,931 | -3.0% |
| Tangible fixed assets | 22/27 | €295,911 | €286,980 | -€8,931 | -3.0% |
| Land and buildings | 22 | €284,061 | €276,823 | -€7,238 | -2.5% |
| Plant, machinery and equipment | 23 | €11,849 | €10,157 | -€1,693 | -14.3% |
| Current assets | 29/58 | €5,697 | €7,543 | +€1,846 | +32.4% |
| Cash at bank and in hand | 54/58 | €5,697 | €2,143 | -€3,554 | -62.4% |
| Deferred charges and accrued income | 490/1 | - | €5,400 | +€5,400 | |
| Total equity and liabilities | 10/49 | €301,607 | €294,523 | -€7,085 | -2.3% |
| Equity | 10/15 | €201,355 | €201,960 | +€605 | +0.3% |
| Contributions | 10/11 | €363,164 | €363,164 | = | 0.0% |
| Capital | 10 | €363,164 | €363,164 | = | 0.0% |
| Issued capital | 100 | €363,164 | €363,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,809 | -€161,204 | +€605 | +0.4% |
| Amounts payable | 17/49 | €100,253 | €92,563 | -€7,690 | -7.7% |
| Amounts payable within one year | 42/48 | €100,253 | €92,563 | -€7,690 | -7.7% |
| Other amounts payable | 47/48 | €100,253 | €92,563 | -€7,690 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,597 | €8,931 | -€4,666 | -34.3% |
| Other operating charges | 640/8 | €1,843 | €2,170 | +€327 | +17.7% |
| Gross operating margin | 9900 | €10,999 | €11,707 | +€708 | +6.4% |
| Operating profit (loss) | 9901 | -€4,441 | €607 | +€5,048 | |
| Financial charges | 65/66B | €84 | €2 | -€83 | -98.2% |
| Recurring financial charges | 65 | €84 | €2 | -€83 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,525 | €605 | +€5,130 | |
| Profit (loss) for the period | 9904 | -€4,525 | €605 | +€5,130 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,525 | €605 | +€5,130 |
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 28 October 2026 via checked.be.