DEPA SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Cash +€296,554
up €296,554 (+244.5%), from €121,311 to €417,865
mainly Net result for the year (+€583,593) and Debts after one year (+€224,176)
- Receivables within one year -€190,668
down €190,668 (-98.4%), from €193,711 to €3,043
of which Trade receivables: -€161,011
- Receivables after one year +€138,300
up €138,300 (+16.0%), from €866,997 to €1.0m
- Tangible fixed assets -€24,721
down €24,721 (-12.2%), from €202,146 to €177,425
- Debts after one year +€224,176
up €224,176 (+41.4%), from €541,990 to €766,166
of which Other amounts payable: +€236,704
- Reserves -€150,977
down €150,977 (-50.4%), from €299,638 to €148,661
- Advances received +€94,857
new in 2025: €94,857
- Other debts +€45,000
up €45,000 (+8.6%), from €525,000 to €570,000
- Gross operating margin +€86,546
up €86,546 (+14.6%), from €592,121 to €678,666
- Staff costs +€31,271
up €31,271 (+106.6%), from €29,334 to €60,605
- Write-downs +€27,870
new in 2025: €27,870
- Financial income +€13,150
up €13,150 (+46.9%), from €28,057 to €41,206
- Financial charges -€11,782
down €11,782 (-47.6%), from €24,731 to €12,949
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 | €1,385,727 | €1,613,864 | +€228,137 | +16.5% |
| Fixed assets | 21/28 | €202,146 | €177,425 | -€24,721 | -12.2% |
| Tangible fixed assets | 22/27 | €202,146 | €177,425 | -€24,721 | -12.2% |
| Land and buildings | 22 | €133,938 | €125,994 | -€7,944 | -5.9% |
| Plant, machinery and equipment | 23 | €9,911 | €4,991 | -€4,920 | -49.6% |
| Furniture and vehicles | 24 | €58,298 | €46,440 | -€11,857 | -20.3% |
| Current assets | 29/58 | €1,183,581 | €1,436,439 | +€252,858 | +21.4% |
| Amounts receivable after more than one year | 29 | €866,997 | €1,005,298 | +€138,300 | +16.0% |
| Other amounts receivable | 291 | €866,997 | €1,005,298 | +€138,300 | +16.0% |
| Stocks and contracts in progress | 3 | €0 | €9,114 | +€9,114 | |
| Stocks | 30/36 | €0 | €9,114 | +€9,114 | |
| Amounts receivable within one year | 40/41 | €193,711 | €3,043 | -€190,668 | -98.4% |
| Trade receivables | 40 | €161,961 | €950 | -€161,011 | -99.4% |
| Other amounts receivable | 41 | €31,750 | €2,093 | -€29,657 | -93.4% |
| Cash at bank and in hand | 54/58 | €121,311 | €417,865 | +€296,554 | +244.5% |
| Deferred charges and accrued income | 490/1 | €1,562 | €1,120 | -€442 | -28.3% |
| Total equity and liabilities | 10/49 | €1,385,727 | €1,613,864 | +€228,137 | +16.5% |
| Equity | 10/15 | €304,638 | €153,661 | -€150,977 | -49.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €299,638 | €148,661 | -€150,977 | -50.4% |
| Distributable reserves | 133 | €299,638 | €148,661 | -€150,977 | -50.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,081,089 | €1,460,203 | +€379,114 | +35.1% |
| Amounts payable after more than one year | 17 | €541,990 | €766,166 | +€224,176 | +41.4% |
| Financial debts | 170/4 | €87,776 | €75,248 | -€12,528 | -14.3% |
| Other amounts payable | 178/9 | €454,214 | €690,918 | +€236,704 | +52.1% |
| Amounts payable within one year | 42/48 | €539,099 | €694,037 | +€154,938 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €12,528 | €12,528 | = | 0.0% |
| Trade debts | 44 | €1,571 | €15,309 | +€13,738 | +874.7% |
| Suppliers | 440/4 | €1,571 | €15,309 | +€13,738 | +874.7% |
| Advances received on contracts in progress | 46 | - | €94,857 | +€94,857 | |
| Taxes, remuneration and social security | 45 | - | €1,343 | +€1,343 | |
| Taxes | 450/3 | - | €1,343 | +€1,343 | |
| Other amounts payable | 47/48 | €525,000 | €570,000 | +€45,000 | +8.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €29,334 | €60,605 | +€31,271 | +106.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,721 | €24,721 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,870 | +€27,870 | |
| Other operating charges | 640/8 | €2,800 | €3,791 | +€991 | +35.4% |
| Gross operating margin | 9900 | €592,121 | €678,666 | +€86,546 | +14.6% |
| Operating profit (loss) | 9901 | €535,265 | €561,679 | +€26,414 | +4.9% |
| Financial income | 75/76B | €28,057 | €41,206 | +€13,150 | +46.9% |
| Recurring financial income | 75 | €28,057 | €41,206 | +€13,150 | +46.9% |
| Financial charges | 65/66B | €24,731 | €12,949 | -€11,782 | -47.6% |
| Recurring financial charges | 65 | €24,731 | €12,949 | -€11,782 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €538,591 | €589,936 | +€51,346 | +9.5% |
| Income taxes | 67/77 | €4,438 | €6,343 | +€1,905 | +42.9% |
| Profit (loss) for the period | 9904 | €534,153 | €583,593 | +€49,440 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €534,153 | €583,593 | +€49,440 | +9.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.