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
- Receivables within one year +€104,687
up €104,687 (+92.6%), from €113,005 to €217,692
of which Trade receivables: +€108,665
- Tangible fixed assets -€27,562
down €27,562 (-34.4%), from €80,014 to €52,453
- Cash +€10,167
up €10,167 (+148.9%), from €6,829 to €16,997
mainly Debts after one year (+€37,000) and Depreciation (+€27,562)
- Deferred charges and accrued income -€8,927
down €8,927 (-71.4%), from €12,499 to €3,572
- Debts after one year +€37,000
up €37,000 (+4.4%), from €846,833 to €883,833
- Accrued charges and deferred income +€22,455
up €22,455 (+59.1%), from €37,965 to €60,420
- Profit (loss) carried forward +€20,010
up €20,010 (+2.5%), from -€813,280 to -€793,270
- Trade debts -€10,375
down €10,375 (-10.4%), from €99,791 to €89,416
- Tax, wage and social debts +€9,550
up €9,550 (+10.3%), from €92,444 to €101,994
of which Remuneration and social security: +€16,417
- Gross operating margin +€173,516
up €173,516 (+44.1%), from €393,642 to €567,158
- Staff costs +€71,408
up €71,408 (+16.8%), from €424,681 to €496,089
- Write-downs -€11,956
down €11,956, from €2,400 to -€9,556
- Depreciation +€11,059
up €11,059 (+67.0%), from €16,503 to €27,562
- Other operating charges +€9,320
up €9,320 (+218.0%), from €4,276 to €13,596
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 | €293,753 | €372,394 | +€78,641 | +26.8% |
| Fixed assets | 21/28 | €87,614 | €59,953 | -€27,662 | -31.6% |
| Tangible fixed assets | 22/27 | €80,014 | €52,453 | -€27,562 | -34.4% |
| Furniture and vehicles | 24 | €80,014 | €52,453 | -€27,562 | -34.4% |
| Financial fixed assets | 28 | €7,600 | €7,500 | -€100 | -1.3% |
| Current assets | 29/58 | €206,139 | €312,441 | +€106,303 | +51.6% |
| Stocks and contracts in progress | 3 | €73,806 | €74,181 | +€375 | +0.5% |
| Stocks | 30/36 | €73,806 | €74,181 | +€375 | +0.5% |
| Amounts receivable within one year | 40/41 | €113,005 | €217,692 | +€104,687 | +92.6% |
| Trade receivables | 40 | €93,941 | €202,606 | +€108,665 | +115.7% |
| Other amounts receivable | 41 | €19,064 | €15,086 | -€3,978 | -20.9% |
| Cash at bank and in hand | 54/58 | €6,829 | €16,997 | +€10,167 | +148.9% |
| Deferred charges and accrued income | 490/1 | €12,499 | €3,572 | -€8,927 | -71.4% |
| Total equity and liabilities | 10/49 | €293,753 | €372,394 | +€78,641 | +26.8% |
| Equity | 10/15 | -€783,280 | -€763,270 | +€20,010 | +2.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€813,280 | -€793,270 | +€20,010 | +2.5% |
| Amounts payable | 17/49 | €1,077,033 | €1,135,664 | +€58,630 | +5.4% |
| Amounts payable after more than one year | 17 | €846,833 | €883,833 | +€37,000 | +4.4% |
| Financial debts | 170/4 | €846,833 | €883,833 | +€37,000 | +4.4% |
| Amounts payable within one year | 42/48 | €192,235 | €191,410 | -€824 | -0.4% |
| Trade debts | 44 | €99,791 | €89,416 | -€10,375 | -10.4% |
| Suppliers | 440/4 | €99,791 | €89,416 | -€10,375 | -10.4% |
| Taxes, remuneration and social security | 45 | €92,444 | €101,994 | +€9,550 | +10.3% |
| Taxes | 450/3 | €30,189 | €23,322 | -€6,867 | -22.7% |
| Remuneration and social security | 454/9 | €62,255 | €78,672 | +€16,417 | +26.4% |
| Accrued charges and deferred income | 492/3 | €37,965 | €60,420 | +€22,455 | +59.1% |
| Non-recurring operating income | 76A | €6,258 | - | -€6,258 | |
| Remuneration, social security and pensions | 62 | €424,681 | €496,089 | +€71,408 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,503 | €27,562 | +€11,059 | +67.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,400 | -€9,556 | -€11,956 | |
| Other operating charges | 640/8 | €4,276 | €13,596 | +€9,320 | +218.0% |
| Gross operating margin | 9900 | €393,642 | €567,158 | +€173,516 | +44.1% |
| Operating profit (loss) | 9901 | -€54,218 | €39,467 | +€93,685 | |
| Financial income | 75/76B | €0 | €6,791 | +€6,790 | +11317416.7% |
| Recurring financial income | 75 | €0 | €6,791 | +€6,790 | +11317416.7% |
| Financial charges | 65/66B | €26,484 | €25,222 | -€1,263 | -4.8% |
| Recurring financial charges | 65 | €23,207 | €24,585 | +€1,377 | +5.9% |
| Non-recurring financial charges | 66B | €3,277 | €637 | -€2,640 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | -€80,702 | €21,036 | +€101,738 | |
| Income taxes | 67/77 | €1,169 | €1,026 | -€143 | -12.2% |
| Profit (loss) for the period | 9904 | -€81,871 | €20,010 | +€101,881 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,871 | €20,010 | +€101,881 |
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.