DEPAFLEX: 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.
DEPAFLEX
Largest movements
- Stocks and contracts +€252,339
up €252,339 (+634%), from €39,793 to €292,133
- Cash -€66,974
down €66,974 (-98.7%), from €67,831 to €857
mainly Stocks and contracts (-€252,339) and Investment in fixed assets (net) (-€70,179)
- Receivables within one year -€42,795
down €42,795 (-11.1%), from €384,606 to €341,811
of which Other amounts receivable: -€40,322
- Tangible fixed assets -€30,827
down €30,827 (-6.8%), from €451,379 to €420,552
of which Furniture and vehicles: -€15,711
- Intangible fixed assets +€11,504
up €11,504 (+201%), from €5,723 to €17,227
- Short-term financial debts +€146,579
up €146,579 (+3,122%), from €4,695 to €151,273
- Trade debts -€69,997
down €69,997 (-92.9%), from €75,357 to €5,360
- Profit (loss) carried forward +€43,791
up €43,791 (+38.0%), from €115,344 to €159,135
- Reserves -€11,000
down €11,000 (-3.4%), from €320,260 to €309,260
of which Distributable reserves: -€11,000
- Gross operating margin +€130,787
up €130,787 (+32.7%), from €400,344 to €531,131
- Staff costs +€107,738
up €107,738 (+43.7%), from €246,741 to €354,479
- Depreciation +€20,807
up €20,807 (+30.4%), from €68,346 to €89,153
- Financial charges +€6,525
up €6,525 (+53.1%), from €12,286 to €18,811
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.
Derived cash bridge
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 | €967,246 | €1,094,349 | +€127,103 | +13.1% |
| Fixed assets | 21/28 | €457,544 | €438,569 | -€18,974 | -4.1% |
| Intangible fixed assets | 21 | €5,723 | €17,227 | +€11,504 | +201% |
| Tangible fixed assets | 22/27 | €451,379 | €420,552 | -€30,827 | -6.8% |
| Land and buildings | 22 | €48,448 | €46,869 | -€1,579 | -3.3% |
| Plant, machinery and equipment | 23 | €271,557 | €257,160 | -€14,398 | -5.3% |
| Furniture and vehicles | 24 | €128,627 | €112,916 | -€15,711 | -12.2% |
| Other tangible fixed assets | 26 | €2,747 | €3,608 | +€861 | +31.3% |
| Financial fixed assets | 28 | €442 | €790 | +€349 | +78.9% |
| Current assets | 29/58 | €509,702 | €655,779 | +€146,077 | +28.7% |
| Stocks and contracts in progress | 3 | €39,793 | €292,133 | +€252,339 | +634% |
| Stocks | 30/36 | €39,793 | €292,133 | +€252,339 | +634% |
| Amounts receivable within one year | 40/41 | €384,606 | €341,811 | -€42,795 | -11.1% |
| Trade receivables | 40 | €191,432 | €188,959 | -€2,473 | -1.3% |
| Other amounts receivable | 41 | €193,174 | €152,851 | -€40,322 | -20.9% |
| Cash at bank and in hand | 54/58 | €67,831 | €857 | -€66,974 | -98.7% |
| Deferred charges and accrued income | 490/1 | €17,472 | €20,979 | +€3,507 | +20.1% |
| Total equity and liabilities | 10/49 | €967,246 | €1,094,349 | +€127,103 | +13.1% |
| Equity | 10/15 | €454,204 | €486,995 | +€32,791 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €320,260 | €309,260 | -€11,000 | -3.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €318,400 | €307,400 | -€11,000 | -3.5% |
| Profit (loss) carried forward | 14 | €115,344 | €159,135 | +€43,791 | +38.0% |
| Amounts payable | 17/49 | €513,042 | €607,354 | +€94,311 | +18.4% |
| Amounts payable after more than one year | 17 | €180,968 | €187,825 | +€6,858 | +3.8% |
| Financial debts | 170/4 | €180,968 | €187,825 | +€6,858 | +3.8% |
| Amounts payable within one year | 42/48 | €330,425 | €416,721 | +€86,296 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €113,919 | €119,392 | +€5,473 | +4.8% |
| Financial debts | 43 | €4,695 | €151,273 | +€146,579 | +3,122% |
| Credit institutions | 430/8 | €4,695 | €151,273 | +€146,579 | +3,122% |
| Trade debts | 44 | €75,357 | €5,360 | -€69,997 | -92.9% |
| Suppliers | 440/4 | €75,357 | €5,360 | -€69,997 | -92.9% |
| Taxes, remuneration and social security | 45 | €130,454 | €140,696 | +€10,242 | +7.9% |
| Taxes | 450/3 | €67,969 | €41,542 | -€26,427 | -38.9% |
| Remuneration and social security | 454/9 | €62,485 | €99,154 | +€36,668 | +58.7% |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Accrued charges and deferred income | 492/3 | €1,649 | €2,807 | +€1,158 | +70.2% |
| Remuneration, social security and pensions | 62 | €246,741 | €354,479 | +€107,738 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,346 | €89,153 | +€20,807 | +30.4% |
| Other operating charges | 640/8 | €11,906 | €14,517 | +€2,611 | +21.9% |
| Gross operating margin | 9900 | €400,344 | €531,131 | +€130,787 | +32.7% |
| Operating profit (loss) | 9901 | €73,351 | €72,981 | -€370 | -0.5% |
| Financial income | 75/76B | €24 | €213 | +€189 | +793% |
| Recurring financial income | 75 | €24 | €213 | +€189 | +793% |
| Financial charges | 65/66B | €12,286 | €18,811 | +€6,525 | +53.1% |
| Recurring financial charges | 65 | €12,286 | €18,811 | +€6,525 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €61,089 | €54,383 | -€6,706 | -11.0% |
| Income taxes | 67/77 | €12,097 | €10,592 | -€1,505 | -12.4% |
| Profit (loss) for the period | 9904 | €48,992 | €43,791 | -€5,201 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,992 | €43,791 | -€5,201 | -10.6% |
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 13 October 2026 via checked.be.