DEVAX: 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.
DEVAX
Largest movements
- Receivables within one year -€32,454
down €32,454 (-54.5%), from €59,547 to €27,094
of which Trade receivables: -€32,450
- Cash -€7,098
down €7,098 (-21.7%), from €32,662 to €25,564
mainly Contributions, distributions and other (-€140,000) and Debts after one year (-€61,284)
- Other debts +€118,715
up €118,715 (+1,893%), from €6,272 to €124,987
- Reserves -€69,268
down €69,268 (-33.9%), from €204,268 to €135,000
- Debts after one year -€61,284
down €61,284 (-27.9%), from €220,007 to €158,722
- Profit (loss) carried forward -€15,777
down €15,777 (-22.2%), from €71,192 to €55,415
- Advances received -€9,800
down €9,800 (-100%), from €9,800 to €0
- Gross operating margin -€22,425
down €22,425 (-20.4%), from €109,996 to €87,571
- Taxes -€5,277
down €5,277 (-19.1%), from €27,665 to €22,388
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 | €614,490 | €572,893 | -€41,597 | -6.8% |
| Fixed assets | 21/28 | €522,281 | €520,235 | -€2,046 | -0.4% |
| Tangible fixed assets | 22/27 | €7,281 | €5,235 | -€2,046 | -28.1% |
| Land and buildings | 22 | €4,049 | €3,415 | -€635 | -15.7% |
| Furniture and vehicles | 24 | €3,232 | €1,820 | -€1,412 | -43.7% |
| Financial fixed assets | 28 | €515,000 | €515,000 | = | 0.0% |
| Current assets | 29/58 | €92,209 | €52,658 | -€39,551 | -42.9% |
| Amounts receivable within one year | 40/41 | €59,547 | €27,094 | -€32,454 | -54.5% |
| Trade receivables | 40 | €59,132 | €26,682 | -€32,450 | -54.9% |
| Other amounts receivable | 41 | €415 | €411 | -€4 | -0.9% |
| Cash at bank and in hand | 54/58 | €32,662 | €25,564 | -€7,098 | -21.7% |
| Total equity and liabilities | 10/49 | €614,490 | €572,893 | -€41,597 | -6.8% |
| Equity | 10/15 | €290,459 | €205,415 | -€85,045 | -29.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €204,268 | €135,000 | -€69,268 | -33.9% |
| Distributable reserves | 133 | €204,268 | €135,000 | -€69,268 | -33.9% |
| Profit (loss) carried forward | 14 | €71,192 | €55,415 | -€15,777 | -22.2% |
| Amounts payable | 17/49 | €324,031 | €367,478 | +€43,447 | +13.4% |
| Amounts payable after more than one year | 17 | €220,007 | €158,722 | -€61,284 | -27.9% |
| Financial debts | 170/4 | €220,007 | €158,722 | -€61,284 | -27.9% |
| Amounts payable within one year | 42/48 | €103,608 | €208,418 | +€104,810 | +101% |
| Current portion of amounts payable after more than one year | 42 | €60,061 | €61,284 | +€1,223 | +2.0% |
| Trade debts | 44 | €14,928 | €8,064 | -€6,863 | -46.0% |
| Suppliers | 440/4 | €14,928 | €8,064 | -€6,863 | -46.0% |
| Advances received on contracts in progress | 46 | €9,800 | €0 | -€9,800 | -100% |
| Taxes, remuneration and social security | 45 | €12,547 | €14,082 | +€1,535 | +12.2% |
| Taxes | 450/3 | €12,547 | €14,082 | +€1,535 | +12.2% |
| Other amounts payable | 47/48 | €6,272 | €124,987 | +€118,715 | +1,893% |
| Accrued charges and deferred income | 492/3 | €416 | €338 | -€78 | -18.8% |
| Remuneration, social security and pensions | 62 | €390 | €390 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,035 | €2,046 | +€11 | +0.5% |
| Other operating charges | 640/8 | €1,677 | €1,388 | -€289 | -17.2% |
| Gross operating margin | 9900 | €109,996 | €87,571 | -€22,425 | -20.4% |
| Operating profit (loss) | 9901 | €105,894 | €83,747 | -€22,147 | -20.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,037 | €6,404 | -€634 | -9.0% |
| Recurring financial charges | 65 | €7,037 | €6,404 | -€634 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €98,857 | €77,344 | -€21,513 | -21.8% |
| Income taxes | 67/77 | €27,665 | €22,388 | -€5,277 | -19.1% |
| Profit (loss) for the period | 9904 | €71,192 | €54,955 | -€16,236 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,192 | €54,955 | -€16,236 | -22.8% |
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 16 October 2026 via checked.be.