DEPA: 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.
What changed
DEPA
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €1.7m-€18,779
Equity
€2.6m
2024 · €2.5m+€81,512
Cash
€2.7m
2024 · €2.2m+€487,814
Balance sheet total
€15.9m
2024 · €14.5m+€1.4m
Largest movements
Assets
- Receivables within one year +€830,150
up €830,150 (+13.4%), from €6.2m to €7.0m
of which Other amounts receivable: +€854,306
- Cash +€487,814
up €487,814 (+22.2%), from €2.2m to €2.7m
mainly Net result for the year (+€1.7m) and Other debts (+€1.3m)
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+18.0%), from €7.3m to €8.7m
- Short-term financial debts +€548,856
up €548,856 (+1073.2%), from €51,144 to €600,000
- Trade debts -€424,623
down €424,623 (-12.6%), from €3.4m to €3.0m
- Debts after one year -€167,218
down €167,218 (-22.3%), from €750,532 to €583,314
Income statement
- Taxes -€168,024
down €168,024 (-28.8%), from €583,225 to €415,200
- Gross operating margin -€166,120
down €166,120 (-3.4%), from €4.8m to €4.7m
- Depreciation +€95,020
up €95,020 (+18.8%), from €504,906 to €599,926
- Write-downs -€49,381
down €49,381, from €10,041 to -€39,340
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.
Result 2024
€1.7m
Gross operating margin
-€166,120
Staff costs
+€37,428
Depreciation
-€95,020
Write-downs
+€49,381
Other operating charges
+€15,520
Financial income
-€6,450
Financial charges
-€21,542
Taxes
+€168,024
Result 2025
€1.7m
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.
From operations
+€2.3m
Investment
-€660,343
Financing
-€1.2m
Cash 2024
€2.2m
From operations (derived)
+€2.3m
Net result for the year
+€1.7m
Depreciation
+€599,926
Stocks and contracts
-€9,557
Receivables within one year
-€830,150
Deferred charges and accrued income
+€4,743
Trade debts
-€424,623
Tax, wage and social debts
+€16,519
Other debts
+€1.3m
Accrued charges and deferred income
+€2
Investment (derived)
-€660,343
Investment in fixed assets (net)
-€660,343
Financing
-€1.2m
Debts after one year
-€167,218
Current portion of long-term debt
+€6,734
Short-term financial debts
+€548,856
Contributions, distributions and other
-€1.6m
Cash 2025
€2.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,524,506 | €15,907,701 | +€1.4m | +9.5% |
| Fixed assets | 21/28 | €5,180,041 | €5,240,457 | +€60,416 | +1.2% |
| Tangible fixed assets | 22/27 | €5,145,851 | €5,206,267 | +€60,416 | +1.2% |
| Land and buildings | 22 | €3,914,876 | €4,079,342 | +€164,465 | +4.2% |
| Plant, machinery and equipment | 23 | €1,139,520 | €1,000,357 | -€139,163 | -12.2% |
| Furniture and vehicles | 24 | €91,455 | €126,569 | +€35,114 | +38.4% |
| Financial fixed assets | 28 | €34,190 | €34,190 | = | 0.0% |
| Current assets | 29/58 | €9,344,465 | €10,667,243 | +€1.3m | +14.2% |
| Stocks and contracts in progress | 3 | €908,718 | €918,275 | +€9,557 | +1.1% |
| Stocks | 30/36 | €908,718 | €918,275 | +€9,557 | +1.1% |
| Amounts receivable within one year | 40/41 | €6,212,674 | €7,042,824 | +€830,150 | +13.4% |
| Trade receivables | 40 | €225,641 | €201,484 | -€24,156 | -10.7% |
| Other amounts receivable | 41 | €5,987,033 | €6,841,340 | +€854,306 | +14.3% |
| Cash at bank and in hand | 54/58 | €2,197,153 | €2,684,967 | +€487,814 | +22.2% |
| Deferred charges and accrued income | 490/1 | €25,921 | €21,178 | -€4,743 | -18.3% |
| Total equity and liabilities | 10/49 | €14,524,506 | €15,907,701 | +€1.4m | +9.5% |
| Equity | 10/15 | €2,543,968 | €2,625,480 | +€81,512 | +3.2% |
| Contributions | 10/11 | €63,239 | €63,239 | = | 0.0% |
| Capital | 10 | €63,239 | €63,239 | = | 0.0% |
| Issued capital | 100 | €63,239 | €63,239 | = | 0.0% |
| Reserves | 13 | €2,309,826 | €2,309,826 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,324 | €6,324 | = | 0.0% |
| Legal reserve | 130 | €6,324 | €6,324 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,502 | €3,502 | = | 0.0% |
| Distributable reserves | 133 | €2,300,000 | €2,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,660 | €161,035 | +€107,375 | +200.1% |
| Investment grants | 15 | €117,243 | €91,380 | -€25,863 | -22.1% |
| Amounts payable | 17/49 | €11,980,538 | €13,282,220 | +€1.3m | +10.9% |
| Amounts payable after more than one year | 17 | €750,532 | €583,314 | -€167,218 | -22.3% |
| Financial debts | 170/4 | €750,532 | €583,314 | -€167,218 | -22.3% |
| Amounts payable within one year | 42/48 | €11,219,918 | €12,688,817 | +€1.5m | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €160,484 | €167,218 | +€6,734 | +4.2% |
| Financial debts | 43 | €51,144 | €600,000 | +€548,856 | +1073.2% |
| Credit institutions | 430/8 | €51,144 | €600,000 | +€548,856 | +1073.2% |
| Trade debts | 44 | €3,376,034 | €2,951,411 | -€424,623 | -12.6% |
| Suppliers | 440/4 | €3,376,034 | €2,951,411 | -€424,623 | -12.6% |
| Taxes, remuneration and social security | 45 | €287,432 | €303,951 | +€16,519 | +5.7% |
| Taxes | 450/3 | €57,846 | €78,378 | +€20,532 | +35.5% |
| Remuneration and social security | 454/9 | €229,587 | €225,573 | -€4,013 | -1.7% |
| Other amounts payable | 47/48 | €7,344,823 | €8,666,236 | +€1.3m | +18.0% |
| Accrued charges and deferred income | 492/3 | €10,088 | €10,089 | +€2 | 0.0% |
| Remuneration, social security and pensions | 62 | €1,856,003 | €1,818,575 | -€37,428 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504,906 | €599,926 | +€95,020 | +18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,041 | -€39,340 | -€49,381 | |
| Other operating charges | 640/8 | €135,443 | €119,922 | -€15,520 | -11.5% |
| Gross operating margin | 9900 | €4,847,656 | €4,681,536 | -€166,120 | -3.4% |
| Operating profit (loss) | 9901 | €2,341,264 | €2,182,454 | -€158,811 | -6.8% |
| Financial income | 75/76B | €188,334 | €181,883 | -€6,450 | -3.4% |
| Recurring financial income | 75 | €188,334 | €181,883 | -€6,450 | -3.4% |
| Financial charges | 65/66B | €257,830 | €279,373 | +€21,542 | +8.4% |
| Recurring financial charges | 65 | €257,830 | €279,373 | +€21,542 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €2,271,768 | €2,084,964 | -€186,803 | -8.2% |
| Income taxes | 67/77 | €583,225 | €415,200 | -€168,024 | -28.8% |
| Profit (loss) for the period | 9904 | €1,688,543 | €1,669,764 | -€18,779 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,688,543 | €1,669,764 | -€18,779 | -1.1% |
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 11 October 2026 via checked.be.