DePa World: 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 World
Largest movements
- Current investments +€1.2m
up €1.2m (+1298.9%), from €95,000 to €1.3m
- Cash -€1.0m
down €1.0m (-98.6%), from €1.1m to €14,725
mainly Current investments (-€1.2m) and Investment in fixed assets (net) (-€13,626)
- Tangible fixed assets -€39,626
down €39,626 (-4.4%), from €909,811 to €870,185
of which Land and buildings: -€48,711
- Reserves +€113,540
up €113,540 (+29.1%), from €390,021 to €503,560
- Debts after one year +€37,640
up €37,640 (+4.7%), from €796,616 to €834,255
- Financial income +€11,775
up €11,775 (+61.7%), from €19,091 to €30,866
- Taxes +€2,877
up €2,877 (+8.2%), from €35,175 to €38,052
- Gross operating margin +€2,677
up €2,677 (+1.1%), from €242,516 to €245,194
- Financial charges +€2,511
up €2,511 (+5.0%), from €50,537 to €53,048
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 | €2,074,493 | €2,228,499 | +€154,006 | +7.4% |
| Fixed assets | 21/28 | €914,811 | €875,185 | -€39,626 | -4.3% |
| Tangible fixed assets | 22/27 | €909,811 | €870,185 | -€39,626 | -4.4% |
| Land and buildings | 22 | €909,374 | €860,663 | -€48,711 | -5.4% |
| Plant, machinery and equipment | 23 | €437 | €9,521 | +€9,085 | +2079.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,159,682 | €1,353,314 | +€193,632 | +16.7% |
| Amounts receivable within one year | 40/41 | €9,615 | €6,198 | -€3,416 | -35.5% |
| Other amounts receivable | 41 | €9,615 | €6,198 | -€3,416 | -35.5% |
| Current investments | 50/53 | €95,000 | €1,329,000 | +€1.2m | +1298.9% |
| Cash at bank and in hand | 54/58 | €1,051,608 | €14,725 | -€1.0m | -98.6% |
| Deferred charges and accrued income | 490/1 | €3,459 | €3,390 | -€69 | -2.0% |
| Total equity and liabilities | 10/49 | €2,074,493 | €2,228,499 | +€154,006 | +7.4% |
| Equity | 10/15 | €1,204,821 | €1,318,360 | +€113,540 | +9.4% |
| Contributions | 10/11 | €814,800 | €814,800 | = | 0.0% |
| Reserves | 13 | €390,021 | €503,560 | +€113,540 | +29.1% |
| Distributable reserves | 133 | €390,021 | €503,560 | +€113,540 | +29.1% |
| Amounts payable | 17/49 | €869,672 | €910,138 | +€40,466 | +4.7% |
| Amounts payable after more than one year | 17 | €796,616 | €834,255 | +€37,640 | +4.7% |
| Financial debts | 170/4 | €796,616 | €834,255 | +€37,640 | +4.7% |
| Amounts payable within one year | 42/48 | €22,800 | €22,880 | +€80 | +0.3% |
| Trade debts | 44 | - | €80 | +€80 | |
| Suppliers | 440/4 | - | €80 | +€80 | |
| Other amounts payable | 47/48 | €22,800 | €22,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €50,257 | €53,003 | +€2,747 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,708 | €53,252 | -€456 | -0.8% |
| Other operating charges | 640/8 | €17,997 | €18,168 | +€171 | +1.0% |
| Gross operating margin | 9900 | €242,516 | €245,194 | +€2,677 | +1.1% |
| Operating profit (loss) | 9901 | €170,811 | €173,774 | +€2,962 | +1.7% |
| Financial income | 75/76B | €19,091 | €30,866 | +€11,775 | +61.7% |
| Recurring financial income | 75 | €19,091 | €30,866 | +€11,775 | +61.7% |
| Financial charges | 65/66B | €50,537 | €53,048 | +€2,511 | +5.0% |
| Recurring financial charges | 65 | €50,537 | €53,048 | +€2,511 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €139,365 | €151,591 | +€12,226 | +8.8% |
| Income taxes | 67/77 | €35,175 | €38,052 | +€2,877 | +8.2% |
| Profit (loss) for the period | 9904 | €104,190 | €113,540 | +€9,350 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,190 | €113,540 | +€9,350 | +9.0% |
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 6 October 2026 via checked.be.