De-Pauw: 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.
De-Pauw
Largest movements
- Cash +€16,359
up €16,359 (+255%), from €6,421 to €22,779
mainly Net result for the year (+€11,982) and Receivables within one year (+€9,262)
- Receivables within one year -€9,262
down €9,262 (-54.0%), from €17,145 to €7,883
- Tangible fixed assets -€4,369
down €4,369 (-56.2%), from €7,781 to €3,412
of which Land and buildings: -€2,319
- Deferred charges and accrued income -€1,032
no longer reported in 2024 (was €1,032)
- Profit (loss) carried forward +€11,982
up €11,982 (+53.0%), from -€22,615 to -€10,634
- Debts after one year -€8,865
down €8,865 (-30.1%), from €29,489 to €20,624
- Current portion of long-term debt -€8,563
no longer reported in 2024 (was €8,563)
- Tax, wage and social debts +€7,161
up €7,161 (+146%), from €4,890 to €12,051
of which Remuneration and social security: +€7,500
- Gross operating margin -€22,075
down €22,075 (-56.1%), from €39,342 to €17,266
- Depreciation -€10,458
down €10,458 (-70.5%), from €14,827 to €4,369
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,379 | €46,074 | +€1,695 | +3.8% |
| Fixed assets | 21/28 | €7,781 | €3,412 | -€4,369 | -56.2% |
| Tangible fixed assets | 22/27 | €7,781 | €3,412 | -€4,369 | -56.2% |
| Land and buildings | 22 | €2,827 | €508 | -€2,319 | -82.0% |
| Plant, machinery and equipment | 23 | €4,114 | €2,250 | -€1,865 | -45.3% |
| Furniture and vehicles | 24 | €840 | €654 | -€186 | -22.1% |
| Current assets | 29/58 | €36,598 | €42,662 | +€6,064 | +16.6% |
| Stocks and contracts in progress | 3 | €12,000 | €12,000 | = | 0.0% |
| Stocks | 30/36 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,145 | €7,883 | -€9,262 | -54.0% |
| Trade receivables | 40 | €17,145 | €7,883 | -€9,262 | -54.0% |
| Cash at bank and in hand | 54/58 | €6,421 | €22,779 | +€16,359 | +255% |
| Deferred charges and accrued income | 490/1 | €1,032 | - | -€1,032 | |
| Total equity and liabilities | 10/49 | €44,379 | €46,074 | +€1,695 | +3.8% |
| Equity | 10/15 | -€4,065 | €7,916 | +€11,982 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,615 | -€10,634 | +€11,982 | +53.0% |
| Amounts payable | 17/49 | €48,444 | €38,157 | -€10,287 | -21.2% |
| Amounts payable after more than one year | 17 | €29,489 | €20,624 | -€8,865 | -30.1% |
| Other amounts payable | 178/9 | €29,489 | €20,624 | -€8,865 | -30.1% |
| Amounts payable within one year | 42/48 | €18,955 | €17,146 | -€1,809 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €8,563 | - | -€8,563 | |
| Trade debts | 44 | €5,502 | €5,095 | -€407 | -7.4% |
| Suppliers | 440/4 | €5,502 | €5,095 | -€407 | -7.4% |
| Taxes, remuneration and social security | 45 | €4,890 | €12,051 | +€7,161 | +146% |
| Taxes | 450/3 | €4,890 | €4,551 | -€339 | -6.9% |
| Remuneration and social security | 454/9 | - | €7,500 | +€7,500 | |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,827 | €4,369 | -€10,458 | -70.5% |
| Other operating charges | 640/8 | €622 | €610 | -€12 | -2.0% |
| Gross operating margin | 9900 | €39,342 | €17,266 | -€22,075 | -56.1% |
| Operating profit (loss) | 9901 | €23,893 | €12,288 | -€11,605 | -48.6% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €348 | €149 | -€199 | -57.2% |
| Recurring financial charges | 65 | €348 | €149 | -€199 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €23,549 | €12,139 | -€11,410 | -48.5% |
| Income taxes | 67/77 | €154 | €157 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | €23,395 | €11,982 | -€11,413 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,395 | €11,982 | -€11,413 | -48.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.