DEPA NASSEN: what changed
DEPA NASSEN
Largest movements
- Tangible fixed assets +€105,186
up €105,186 (+8.8%), from €1.2m to €1.3m
of which Assets under construction and advance payments: +€132,000
- Receivables within one year -€100,591
down €100,591 (-78.5%), from €128,091 to €27,500
of which Trade receivables: -€92,939
- Cash -€35,023
down €35,023 (-14.2%), from €246,114 to €211,091
mainly Investment in fixed assets (net) (-€143,005) and Trade debts (-€107,879)
- Trade debts -€107,879
down €107,879 (-98.5%), from €109,490 to €1,611
- Debts after one year +€61,256
up €61,256 (+5.0%), from €1.2m to €1.3m
- Advances received -€15,802
down €15,802 (-100%), from €15,802 to €0
- Profit (loss) carried forward +€15,771
up €15,771 (+20.8%), from -€75,772 to -€60,001
- Gross operating margin +€109,208
up €109,208 (+1,507%), from €7,245 to €116,453
- Depreciation +€15,667
up €15,667 (+70.7%), from €22,152 to €37,819
- Other operating charges +€5,401
up €5,401 (+86.0%), from €6,281 to €11,682
- Financial charges -€3,326
down €3,326 (-6.1%), from €54,583 to €51,257
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,563,874 | €1,533,322 | -€30,552 | -2.0% |
| Fixed assets | 21/28 | €1,188,924 | €1,294,111 | +€105,186 | +8.8% |
| Tangible fixed assets | 22/27 | €1,188,924 | €1,294,111 | +€105,186 | +8.8% |
| Land and buildings | 22 | €1,183,838 | €1,158,270 | -€25,569 | -2.2% |
| Plant, machinery and equipment | 23 | €730 | €530 | -€200 | -27.4% |
| Furniture and vehicles | 24 | €4,357 | €3,311 | -€1,045 | -24.0% |
| Assets under construction and advance payments | 27 | - | €132,000 | +€132,000 | |
| Current assets | 29/58 | €374,950 | €239,211 | -€135,739 | -36.2% |
| Amounts receivable within one year | 40/41 | €128,091 | €27,500 | -€100,591 | -78.5% |
| Trade receivables | 40 | €120,439 | €27,500 | -€92,939 | -77.2% |
| Other amounts receivable | 41 | €7,652 | €0 | -€7,652 | -100% |
| Cash at bank and in hand | 54/58 | €246,114 | €211,091 | -€35,023 | -14.2% |
| Deferred charges and accrued income | 490/1 | €745 | €620 | -€124 | -16.7% |
| Total equity and liabilities | 10/49 | €1,563,874 | €1,533,322 | -€30,552 | -2.0% |
| Equity | 10/15 | €154,710 | €170,481 | +€15,771 | +10.2% |
| Contributions | 10/11 | €195,600 | €195,600 | = | 0.0% |
| Reserves | 13 | €34,882 | €34,882 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €34,882 | €34,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,772 | -€60,001 | +€15,771 | +20.8% |
| Amounts payable | 17/49 | €1,409,164 | €1,362,841 | -€46,323 | -3.3% |
| Amounts payable after more than one year | 17 | €1,217,660 | €1,278,917 | +€61,256 | +5.0% |
| Financial debts | 170/4 | €1,217,660 | €1,278,917 | +€61,256 | +5.0% |
| Amounts payable within one year | 42/48 | €191,503 | €83,924 | -€107,580 | -56.2% |
| Current portion of amounts payable after more than one year | 42 | €66,183 | €68,744 | +€2,561 | +3.9% |
| Trade debts | 44 | €109,490 | €1,611 | -€107,879 | -98.5% |
| Suppliers | 440/4 | €109,490 | €1,611 | -€107,879 | -98.5% |
| Advances received on contracts in progress | 46 | €15,802 | €0 | -€15,802 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €5,511 | +€5,511 | |
| Taxes | 450/3 | €0 | €5,511 | +€5,511 | |
| Other amounts payable | 47/48 | €29 | €8,058 | +€8,030 | +28,027% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,152 | €37,819 | +€15,667 | +70.7% |
| Other operating charges | 640/8 | €6,281 | €11,682 | +€5,401 | +86.0% |
| Gross operating margin | 9900 | €7,245 | €116,453 | +€109,208 | +1,507% |
| Operating profit (loss) | 9901 | -€21,189 | €66,952 | +€88,141 | |
| Financial income | 75/76B | €0 | €76 | +€76 | |
| Recurring financial income | 75 | €0 | €76 | +€76 | |
| Financial charges | 65/66B | €54,583 | €51,257 | -€3,326 | -6.1% |
| Recurring financial charges | 65 | €54,583 | €51,257 | -€3,326 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€75,772 | €15,771 | +€91,543 | |
| Profit (loss) for the period | 9904 | -€75,772 | €15,771 | +€91,543 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,772 | €15,771 | +€91,543 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.