DeVrango: what changed
DeVrango
Largest movements
- Tangible fixed assets +€72,041
up €72,041 (+16.3%), from €441,991 to €514,032
of which Assets under construction and advance payments: +€95,529
- Receivables within one year -€49,576
down €49,576 (-47.6%), from €104,100 to €54,525
of which Trade receivables: -€51,762
- Cash -€19,715
down €19,715 (-9.4%), from €210,378 to €190,663
mainly Investment in fixed assets (net) (-€98,239) and Contributions, distributions and other (-€81,846)
- Trade debts -€37,223
down €37,223 (-93.0%), from €40,019 to €2,796
- Reserves +€34,878
up €34,878 (+10.5%), from €333,398 to €368,275
- Profit (loss) carried forward -€31,313
down €31,313 (-100%), from €31,313 to €0
- Debts after one year +€21,993
up €21,993 (+8.1%), from €272,117 to €294,110
- Current portion of long-term debt +€10,363
up €10,363 (+46.4%), from €22,325 to €32,688
- Gross operating margin -€41,502
down €41,502 (-20.9%), from €198,538 to €157,037
- Taxes -€17,674
down €17,674 (-33.7%), from €52,435 to €34,761
- Depreciation +€9,874
up €9,874 (+66.4%), from €14,861 to €24,735
- Financial charges +€5,455
up €5,455 (+98.0%), from €5,568 to €11,023
- Other operating charges -€2,132
down €2,132 (-65.8%), from €3,238 to €1,106
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €760,153 | €765,536 | +€5,383 | +0.7% |
| Fixed assets | 21/28 | €445,231 | €518,734 | +€73,504 | +16.5% |
| Intangible fixed assets | 21 | €3,150 | €4,703 | +€1,553 | +49.3% |
| Tangible fixed assets | 22/27 | €441,991 | €514,032 | +€72,041 | +16.3% |
| Land and buildings | 22 | €157,695 | €152,447 | -€5,248 | -3.3% |
| Furniture and vehicles | 24 | €68,448 | €50,847 | -€17,601 | -25.7% |
| Other tangible fixed assets | 26 | €1,508 | €870 | -€639 | -42.3% |
| Assets under construction and advance payments | 27 | €214,339 | €309,868 | +€95,529 | +44.6% |
| Financial fixed assets | 28 | €90 | €0 | -€90 | -100% |
| Current assets | 29/58 | €314,922 | €246,801 | -€68,121 | -21.6% |
| Amounts receivable within one year | 40/41 | €104,100 | €54,525 | -€49,576 | -47.6% |
| Trade receivables | 40 | €101,876 | €50,115 | -€51,762 | -50.8% |
| Other amounts receivable | 41 | €2,224 | €4,410 | +€2,186 | +98.3% |
| Current investments | 50/53 | €37 | €33 | -€4 | -11.2% |
| Cash at bank and in hand | 54/58 | €210,378 | €190,663 | -€19,715 | -9.4% |
| Deferred charges and accrued income | 490/1 | €408 | €1,582 | +€1,174 | +288% |
| Total equity and liabilities | 10/49 | €760,153 | €765,536 | +€5,383 | +0.7% |
| Equity | 10/15 | €383,310 | €386,875 | +€3,565 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €333,398 | €368,275 | +€34,878 | +10.5% |
| Distributable reserves | 133 | €333,398 | €368,275 | +€34,878 | +10.5% |
| Profit (loss) carried forward | 14 | €31,313 | €0 | -€31,313 | -100% |
| Amounts payable | 17/49 | €376,843 | €378,660 | +€1,817 | +0.5% |
| Amounts payable after more than one year | 17 | €272,117 | €294,110 | +€21,993 | +8.1% |
| Financial debts | 170/4 | €272,117 | €294,110 | +€21,993 | +8.1% |
| Amounts payable within one year | 42/48 | €104,726 | €82,949 | -€21,778 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €22,325 | €32,688 | +€10,363 | +46.4% |
| Trade debts | 44 | €40,019 | €2,796 | -€37,223 | -93.0% |
| Suppliers | 440/4 | €40,019 | €2,796 | -€37,223 | -93.0% |
| Taxes, remuneration and social security | 45 | €42,383 | €47,465 | +€5,083 | +12.0% |
| Taxes | 450/3 | €42,383 | €47,465 | +€5,083 | +12.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,602 | +€1,602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,861 | €24,735 | +€9,874 | +66.4% |
| Other operating charges | 640/8 | €3,238 | €1,106 | -€2,132 | -65.8% |
| Gross operating margin | 9900 | €198,538 | €157,037 | -€41,502 | -20.9% |
| Operating profit (loss) | 9901 | €180,439 | €131,195 | -€49,244 | -27.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,568 | €11,023 | +€5,455 | +98.0% |
| Recurring financial charges | 65 | €5,568 | €11,023 | +€5,455 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | €174,871 | €120,172 | -€54,699 | -31.3% |
| Income taxes | 67/77 | €52,435 | €34,761 | -€17,674 | -33.7% |
| Profit (loss) for the period | 9904 | €122,435 | €85,411 | -€37,025 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €122,435 | €85,411 | -€37,025 | -30.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.