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.
DEPA
Largest movements
- Cash +€8,387
up €8,387 (+58.8%), from €14,255 to €22,642
mainly Trade debts (+€7,221) and Tax, wage and social debts (+€4,312)
- Receivables within one year +€5,327
up €5,327 (+45.8%), from €11,625 to €16,952
of which Other amounts receivable: +€7,516
- Deferred charges and accrued income +€945
up €945 (+70.2%), from €1,347 to €2,292
- Tangible fixed assets -€940
down €940 (-37.1%), from €2,533 to €1,593
of which Plant, machinery and equipment: -€529
- Profit (loss) carried forward +€15,300
up €15,300 (+95.4%), from -€16,044 to -€744
- Reserves -€12,624
down €12,624 (-87.2%), from €14,484 to €1,860
of which Distributable reserves: -€12,624
- Trade debts +€7,221
up €7,221 (+95.1%), from €7,593 to €14,814
- Tax, wage and social debts +€4,312
up €4,312 (+71.2%), from €6,056 to €10,368
of which Remuneration and social security: +€2,713
- Other debts -€500
down €500 (-100%), from €500 to €0
- Gross operating margin +€19,922
up €19,922 (+116%), from €17,105 to €37,027
- Other operating charges +€2,228
up €2,228 (+136%), from €1,642 to €3,870
- Staff costs -€1,132
down €1,132 (-3.7%), from €30,536 to €29,403
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 | €31,189 | €44,899 | +€13,710 | +44.0% |
| Fixed assets | 21/28 | €2,533 | €1,593 | -€940 | -37.1% |
| Tangible fixed assets | 22/27 | €2,533 | €1,593 | -€940 | -37.1% |
| Plant, machinery and equipment | 23 | €2,122 | €1,593 | -€529 | -24.9% |
| Furniture and vehicles | 24 | €411 | €0 | -€411 | -100% |
| Current assets | 29/58 | €28,656 | €43,306 | +€14,649 | +51.1% |
| Stocks and contracts in progress | 3 | €1,429 | €1,419 | -€10 | -0.7% |
| Stocks | 30/36 | €1,429 | €1,419 | -€10 | -0.7% |
| Amounts receivable within one year | 40/41 | €11,625 | €16,952 | +€5,327 | +45.8% |
| Trade receivables | 40 | €8,538 | €6,349 | -€2,189 | -25.6% |
| Other amounts receivable | 41 | €3,088 | €10,604 | +€7,516 | +243% |
| Cash at bank and in hand | 54/58 | €14,255 | €22,642 | +€8,387 | +58.8% |
| Deferred charges and accrued income | 490/1 | €1,347 | €2,292 | +€945 | +70.2% |
| Total equity and liabilities | 10/49 | €31,189 | €44,899 | +€13,710 | +44.0% |
| Equity | 10/15 | €17,040 | €19,716 | +€2,676 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,484 | €1,860 | -€12,624 | -87.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,624 | €0 | -€12,624 | -100% |
| Profit (loss) carried forward | 14 | -€16,044 | -€744 | +€15,300 | +95.4% |
| Amounts payable | 17/49 | €14,149 | €25,183 | +€11,033 | +78.0% |
| Amounts payable within one year | 42/48 | €14,149 | €25,183 | +€11,033 | +78.0% |
| Trade debts | 44 | €7,593 | €14,814 | +€7,221 | +95.1% |
| Suppliers | 440/4 | €7,593 | €14,814 | +€7,221 | +95.1% |
| Taxes, remuneration and social security | 45 | €6,056 | €10,368 | +€4,312 | +71.2% |
| Taxes | 450/3 | €203 | €1,802 | +€1,599 | +789% |
| Remuneration and social security | 454/9 | €5,854 | €8,567 | +€2,713 | +46.4% |
| Other amounts payable | 47/48 | €500 | €0 | -€500 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €30,536 | €29,403 | -€1,132 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €744 | €940 | +€195 | +26.2% |
| Other operating charges | 640/8 | €1,642 | €3,870 | +€2,228 | +136% |
| Gross operating margin | 9900 | €17,105 | €37,027 | +€19,922 | +116% |
| Operating profit (loss) | 9901 | -€15,817 | €2,814 | +€18,631 | |
| Financial income | 75/76B | €226 | €252 | +€26 | +11.5% |
| Recurring financial income | 75 | €226 | €252 | +€26 | +11.5% |
| Financial charges | 65/66B | €217 | €145 | -€73 | -33.4% |
| Recurring financial charges | 65 | €217 | €145 | -€73 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,809 | €2,921 | +€18,730 | |
| Income taxes | 67/77 | €235 | €245 | +€10 | +4.2% |
| Profit (loss) for the period | 9904 | -€16,044 | €2,676 | +€18,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,044 | €2,676 | +€18,720 |
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 14 October 2026 via checked.be.