DePaDoc: 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.
DePaDoc
Largest movements
- Receivables after one year -€142,200
down €142,200 (-100.0%), from €142,200 to €0
- Current investments -€91,958
down €91,958 (-48.4%), from €190,137 to €98,179
- Receivables within one year -€87,211
down €87,211 (-36.1%), from €241,612 to €154,401
of which Other amounts receivable: -€86,666
- Tangible fixed assets -€9,108
down €9,108 (-21.0%), from €43,407 to €34,299
of which Furniture and vehicles: -€7,230
- Reserves -€190,000
down €190,000 (-47.4%), from €400,775 to €210,775
of which Distributable reserves: -€190,000
- Current portion of long-term debt -€68,063
down €68,063 (-90.4%), from €75,331 to €7,267
- Other debts -€53,000
down €53,000 (-100.0%), from €53,000 to €0
- Tax, wage and social debts -€16,777
down €16,777 (-30.7%), from €54,635 to €37,859
of which Taxes: -€19,733
- Debts after one year -€7,267
down €7,267 (-37.5%), from €19,368 to €12,101
- Gross operating margin -€156,977
down €156,977 (-60.1%), from €261,300 to €104,323
- Taxes -€19,374
down €19,374 (-75.5%), from €25,673 to €6,299
- Staff costs +€14,360
up €14,360 (+21.4%), from €67,057 to €81,418
- Financial charges +€13,467
up €13,467 (+249.5%), from €5,397 to €18,864
- Financial income +€5,338
up €5,338 (+48.8%), from €10,936 to €16,274
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 | €636,085 | €301,789 | -€334,295 | -52.6% |
| Fixed assets | 21/28 | €44,114 | €34,481 | -€9,632 | -21.8% |
| Intangible fixed assets | 21 | €707 | €182 | -€524 | -74.2% |
| Tangible fixed assets | 22/27 | €43,407 | €34,299 | -€9,108 | -21.0% |
| Plant, machinery and equipment | 23 | €2,675 | €1,630 | -€1,045 | -39.1% |
| Furniture and vehicles | 24 | €35,054 | €27,825 | -€7,230 | -20.6% |
| Other tangible fixed assets | 26 | €5,677 | €4,844 | -€833 | -14.7% |
| Current assets | 29/58 | €591,971 | €267,308 | -€324,663 | -54.8% |
| Amounts receivable after more than one year | 29 | €142,200 | €0 | -€142,200 | -100.0% |
| Other amounts receivable | 291 | €142,200 | €0 | -€142,200 | -100.0% |
| Amounts receivable within one year | 40/41 | €241,612 | €154,401 | -€87,211 | -36.1% |
| Trade receivables | 40 | €1,067 | €523 | -€544 | -51.0% |
| Other amounts receivable | 41 | €240,545 | €153,879 | -€86,666 | -36.0% |
| Current investments | 50/53 | €190,137 | €98,179 | -€91,958 | -48.4% |
| Cash at bank and in hand | 54/58 | €12,848 | €9,758 | -€3,090 | -24.1% |
| Deferred charges and accrued income | 490/1 | €5,174 | €4,969 | -€205 | -4.0% |
| Total equity and liabilities | 10/49 | €636,085 | €301,789 | -€334,295 | -52.6% |
| Equity | 10/15 | €426,215 | €236,113 | -€190,102 | -44.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400,775 | €210,775 | -€190,000 | -47.4% |
| Tax-exempt reserves | 132 | €8,615 | €8,615 | = | 0.0% |
| Distributable reserves | 133 | €392,160 | €202,160 | -€190,000 | -48.4% |
| Profit (loss) carried forward | 14 | €6,840 | €6,738 | -€102 | -1.5% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €209,870 | €65,677 | -€144,194 | -68.7% |
| Amounts payable after more than one year | 17 | €19,368 | €12,101 | -€7,267 | -37.5% |
| Financial debts | 170/4 | €19,368 | €12,101 | -€7,267 | -37.5% |
| Amounts payable within one year | 42/48 | €190,436 | €53,465 | -€136,971 | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €75,331 | €7,267 | -€68,063 | -90.4% |
| Trade debts | 44 | €7,470 | €8,339 | +€869 | +11.6% |
| Suppliers | 440/4 | €7,470 | €8,339 | +€869 | +11.6% |
| Taxes, remuneration and social security | 45 | €54,635 | €37,859 | -€16,777 | -30.7% |
| Taxes | 450/3 | €44,367 | €24,635 | -€19,733 | -44.5% |
| Remuneration and social security | 454/9 | €10,268 | €13,224 | +€2,956 | +28.8% |
| Other amounts payable | 47/48 | €53,000 | €0 | -€53,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €66 | €111 | +€45 | +68.2% |
| Non-recurring operating income | 76A | €133,502 | €1,963 | -€131,540 | -98.5% |
| Remuneration, social security and pensions | 62 | €67,057 | €81,418 | +€14,360 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,985 | €12,978 | -€1,007 | -7.2% |
| Other operating charges | 640/8 | €1,437 | €1,141 | -€296 | -20.6% |
| Non-recurring operating charges | 66A | €108,321 | €0 | -€108,321 | -100.0% |
| Gross operating margin | 9900 | €261,300 | €104,323 | -€156,977 | -60.1% |
| Operating profit (loss) | 9901 | €70,501 | €8,787 | -€61,714 | -87.5% |
| Financial income | 75/76B | €10,936 | €16,274 | +€5,338 | +48.8% |
| Recurring financial income | 75 | €10,936 | €16,274 | +€5,338 | +48.8% |
| Financial charges | 65/66B | €5,397 | €18,864 | +€13,467 | +249.5% |
| Recurring financial charges | 65 | €5,397 | €18,864 | +€13,467 | +249.5% |
| Profit (loss) for the period before taxes | 9903 | €76,040 | €6,197 | -€69,842 | -91.9% |
| Transfer from deferred taxes | 780 | €2,264 | €0 | -€2,264 | -100.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €25,673 | €6,299 | -€19,374 | -75.5% |
| Profit (loss) for the period | 9904 | €52,630 | -€102 | -€52,732 | |
| Transfer from tax-exempt reserves | 789 | €6,791 | €0 | -€6,791 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €59,421 | -€102 | -€59,523 |
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 4 October 2026 via checked.be.