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
- Stocks and contracts +€130,381
up €130,381 (+14.6%), from €893,569 to €1.0m
- Cash -€23,144
down €23,144 (-45.4%), from €51,001 to €27,857
mainly Stocks and contracts (-€130,381) and Net result for the year (-€4,672)
- Other debts +€115,000
up €115,000 (+19.0%), from €605,000 to €720,000
- Gross operating margin -€54,724
down €54,724, from €50,740 to -€3,984
- Taxes -€13,474
no longer reported in 2025 (was €13,474)
- Other operating charges -€533
down €533 (-49.5%), from €1,077 to €544
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 | €945,361 | €1,054,985 | +€109,624 | +11.6% |
| Current assets | 29/58 | €945,361 | €1,054,985 | +€109,624 | +11.6% |
| Stocks and contracts in progress | 3 | €893,569 | €1,023,950 | +€130,381 | +14.6% |
| Stocks | 30/36 | €893,569 | €1,023,950 | +€130,381 | +14.6% |
| Amounts receivable within one year | 40/41 | €791 | €3,178 | +€2,386 | +301.7% |
| Other amounts receivable | 41 | €791 | €3,178 | +€2,386 | +301.7% |
| Cash at bank and in hand | 54/58 | €51,001 | €27,857 | -€23,144 | -45.4% |
| Total equity and liabilities | 10/49 | €945,361 | €1,054,985 | +€109,624 | +11.6% |
| Equity | 10/15 | €325,435 | €320,763 | -€4,672 | -1.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €281,435 | €276,763 | -€4,672 | -1.7% |
| Amounts payable | 17/49 | €619,926 | €734,222 | +€114,295 | +18.4% |
| Amounts payable within one year | 42/48 | €619,776 | €734,222 | +€114,445 | +18.5% |
| Trade debts | 44 | €1,281 | €726 | -€555 | -43.3% |
| Suppliers | 440/4 | €1,281 | €726 | -€555 | -43.3% |
| Taxes, remuneration and social security | 45 | €13,496 | €13,496 | = | 0.0% |
| Taxes | 450/3 | €13,496 | €13,496 | = | 0.0% |
| Other amounts payable | 47/48 | €605,000 | €720,000 | +€115,000 | +19.0% |
| Accrued charges and deferred income | 492/3 | €150 | - | -€150 | |
| Other operating charges | 640/8 | €1,077 | €544 | -€533 | -49.5% |
| Gross operating margin | 9900 | €50,740 | -€3,984 | -€54,724 | |
| Operating profit (loss) | 9901 | €49,663 | -€4,528 | -€54,191 | |
| Financial charges | 65/66B | €138 | €144 | +€6 | +4.3% |
| Recurring financial charges | 65 | €138 | €144 | +€6 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €49,525 | -€4,672 | -€54,197 | |
| Income taxes | 67/77 | €13,474 | - | -€13,474 | |
| Profit (loss) for the period | 9904 | €36,051 | -€4,672 | -€40,722 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,051 | -€4,672 | -€40,722 |
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.