Dany DEPAUW: 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.
Dany DEPAUW
Largest movements
- Cash -€6,412
down €6,412 (-7.7%), from €83,226 to €76,814
mainly Net result for the year (-€10,493) and Receivables within one year (-€999)
- Tangible fixed assets -€4,031
down €4,031 (-10.6%), from €38,125 to €34,094
- Profit (loss) carried forward -€10,493
down €10,493 (-4.3%), from -€246,882 to -€257,375
No income-statement line moved by more than 1% of the activity.
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 | €124,104 | €114,660 | -€9,444 | -7.6% |
| Fixed assets | 21/28 | €38,125 | €34,094 | -€4,031 | -10.6% |
| Tangible fixed assets | 22/27 | €38,125 | €34,094 | -€4,031 | -10.6% |
| Land and buildings | 22 | €38,125 | €34,094 | -€4,031 | -10.6% |
| Current assets | 29/58 | €85,979 | €80,567 | -€5,412 | -6.3% |
| Amounts receivable within one year | 40/41 | €2,753 | €3,753 | +€999 | +36.3% |
| Trade receivables | 40 | - | €957 | +€957 | |
| Other amounts receivable | 41 | €2,753 | €2,795 | +€42 | +1.5% |
| Cash at bank and in hand | 54/58 | €83,226 | €76,814 | -€6,412 | -7.7% |
| Total equity and liabilities | 10/49 | €124,104 | €114,660 | -€9,444 | -7.6% |
| Equity | 10/15 | €121,588 | €111,096 | -€10,493 | -8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €362,270 | €362,270 | = | 0.0% |
| Distributable reserves | 133 | €362,270 | €362,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€246,882 | -€257,375 | -€10,493 | -4.3% |
| Amounts payable | 17/49 | €2,516 | €3,565 | +€1,049 | +41.7% |
| Amounts payable within one year | 42/48 | €529 | €1,440 | +€911 | +172.2% |
| Trade debts | 44 | €495 | €1,440 | +€945 | +190.9% |
| Suppliers | 440/4 | €495 | €1,440 | +€945 | +190.9% |
| Taxes, remuneration and social security | 45 | €34 | - | -€34 | |
| Taxes | 450/3 | €34 | - | -€34 | |
| Accrued charges and deferred income | 492/3 | €1,987 | €2,124 | +€138 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,031 | €4,031 | = | 0.0% |
| Other operating charges | 640/8 | €3,202 | €3,227 | +€25 | +0.8% |
| Gross operating margin | 9900 | -€3,461 | -€3,494 | -€33 | -1.0% |
| Operating profit (loss) | 9901 | -€10,695 | -€10,753 | -€58 | -0.5% |
| Financial income | 75/76B | €427 | €426 | -€1 | -0.3% |
| Recurring financial income | 75 | €427 | €426 | -€1 | -0.3% |
| Financial charges | 65/66B | €167 | €166 | -€1 | -0.8% |
| Recurring financial charges | 65 | €167 | €166 | -€1 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,434 | -€10,493 | -€58 | -0.6% |
| Profit (loss) for the period | 9904 | -€10,434 | -€10,493 | -€58 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,434 | -€10,493 | -€58 | -0.6% |
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 2 October 2026 via checked.be.