DEPAIRON: 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.
What changed
DEPAIRON
NACE 13.300, Finishing of textiles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€646,437
2024 · €717,339-€70,902
Equity
€14.2m
2024 · €13.9m+€284,268
Cash
€705,851
2024 · €1.6m-€867,123
Balance sheet total
€19.5m
2024 · €18.1m+€1.5m
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+16.5%), from €8.4m to €9.8m
- Cash -€867,123
down €867,123 (-55.1%), from €1.6m to €705,851
mainly Investment in fixed assets (net) (-€6.9m) and Stocks and contracts (-€711,679)
- Stocks and contracts +€711,679
up €711,679 (+23.7%), from €3.0m to €3.7m
Equity and liabilities
- Other debts +€1.2m
up €1.2m (+139%), from €895,394 to €2.1m
- Reserves +€425,647
up €425,647 (+3.8%), from €11.3m to €11.7m
of which Distributable reserves: +€476,300
Income statement
- Turnover +€1.6m
up €1.6m (+7.3%), from €21.7m to €23.3m
- Depreciation +€618,554
up €618,554 (+13.0%), from €4.8m to €5.4m
- Staff costs +€610,051
up €610,051 (+8.0%), from €7.6m to €8.2m
- Services and other goods +€304,902
up €304,902 (+7.8%), from €3.9m to €4.2m
- Goods and materials +€255,483
up €255,483 (+5.4%), from €4.7m to €5.0m
of which Purchases: +€432,162
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.
Result 2024
€717,339
Turnover
+€1.6m
Other operating income
+€27,925
Goods and materials
-€255,483
Services and other goods
-€304,902
Staff costs
-€610,051
Depreciation
-€618,554
Write-downs
+€17,931
Other operating charges
+€47,716
Other operating items
+€35,540
Financial income
-€22,516
Financial charges
+€13,240
Taxes
+€12,527
Deferred taxes and other
+€11,348
Result 2025
€646,437
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€6.3m
Investment
-€6.9m
Financing
-€362,169
Cash 2024
€1.6m
From operations (derived)
+€6.3m
Net result for the year
+€646,437
Depreciation
+€5.4m
Stocks and contracts
-€711,679
Receivables within one year
-€129,767
Deferred charges and accrued income
-€4,718
Provisions
-€150,201
Trade debts
-€70,572
Tax, wage and social debts
+€127,064
Other debts
+€1.2m
Accrued charges and deferred income
+€24,057
Investment (derived)
-€6.9m
Investment in fixed assets (net)
-€6.9m
Financing
-€362,169
Contributions, distributions and other
-€362,169
Cash 2025
€705,851
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,083,911 | €19,539,450 | +€1.5m | +8.0% |
| Fixed assets | 21/28 | €8,975,613 | €10,452,111 | +€1.5m | +16.5% |
| Intangible fixed assets | 21 | €70,661 | €74,377 | +€3,716 | +5.3% |
| Tangible fixed assets | 22/27 | €8,431,594 | €9,824,267 | +€1.4m | +16.5% |
| Plant, machinery and equipment | 23 | €5,339,414 | €5,932,026 | +€592,612 | +11.1% |
| Furniture and vehicles | 24 | €982,905 | €781,543 | -€201,362 | -20.5% |
| Other tangible fixed assets | 26 | €1,905,531 | €2,550,304 | +€644,773 | +33.8% |
| Assets under construction and advance payments | 27 | €203,744 | €560,393 | +€356,649 | +175% |
| Financial fixed assets | 28 | €473,358 | €553,468 | +€80,110 | +16.9% |
| Other financial fixed assets | 284/8 | €473,358 | €553,468 | +€80,110 | +16.9% |
| Shares | 284 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €469,858 | €549,968 | +€80,110 | +17.0% |
| Current assets | 29/58 | €9,108,298 | €9,087,339 | -€20,959 | -0.2% |
| Stocks and contracts in progress | 3 | €3,008,470 | €3,720,150 | +€711,679 | +23.7% |
| Stocks | 30/36 | €3,008,470 | €3,720,150 | +€711,679 | +23.7% |
| Raw materials and consumables | 30/31 | €33,709 | €22,504 | -€11,206 | -33.2% |
| Goods purchased for resale | 34 | €2,974,761 | €3,697,646 | +€722,885 | +24.3% |
| Amounts receivable within one year | 40/41 | €4,404,034 | €4,533,801 | +€129,767 | +2.9% |
| Trade receivables | 40 | €4,360,179 | €4,368,033 | +€7,853 | +0.2% |
| Other amounts receivable | 41 | €43,854 | €165,768 | +€121,914 | +278% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,572,974 | €705,851 | -€867,123 | -55.1% |
| Deferred charges and accrued income | 490/1 | €122,820 | €127,538 | +€4,718 | +3.8% |
| Total equity and liabilities | 10/49 | €18,083,911 | €19,539,450 | +€1.5m | +8.0% |
| Equity | 10/15 | €13,900,041 | €14,184,309 | +€284,268 | +2.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €11,288,612 | €11,714,259 | +€425,647 | +3.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,260,837 | €3,210,185 | -€50,653 | -1.6% |
| Distributable reserves | 133 | €8,021,624 | €8,497,924 | +€476,300 | +5.9% |
| Profit (loss) carried forward | 14 | €2,486,422 | €2,362,932 | -€123,490 | -5.0% |
| Investment grants | 15 | €63,507 | €45,618 | -€17,889 | -28.2% |
| Provisions and deferred taxes | 16 | €645,331 | €495,130 | -€150,201 | -23.3% |
| Deferred taxes | 168 | €645,331 | €495,130 | -€150,201 | -23.3% |
| Amounts payable | 17/49 | €3,538,539 | €4,860,011 | +€1.3m | +37.3% |
| Amounts payable within one year | 42/48 | €3,404,000 | €4,701,416 | +€1.3m | +38.1% |
| Trade debts | 44 | €1,039,191 | €968,620 | -€70,572 | -6.8% |
| Suppliers | 440/4 | €1,039,191 | €968,620 | -€70,572 | -6.8% |
| Taxes, remuneration and social security | 45 | €1,469,415 | €1,596,480 | +€127,064 | +8.6% |
| Taxes | 450/3 | €393,923 | €372,471 | -€21,453 | -5.4% |
| Remuneration and social security | 454/9 | €1,075,492 | €1,224,009 | +€148,517 | +13.8% |
| Other amounts payable | 47/48 | €895,394 | €2,136,316 | +€1.2m | +139% |
| Accrued charges and deferred income | 492/3 | €134,538 | €158,595 | +€24,057 | +17.9% |
| Operating income | 70/76A | €22,019,046 | €23,657,406 | +€1.6m | +7.4% |
| Turnover | 70 | €21,696,522 | €23,270,901 | +€1.6m | +7.3% |
| Other operating income | 74 | €296,149 | €324,074 | +€27,925 | +9.4% |
| Non-recurring operating income | 76A | €26,375 | €62,432 | +€36,057 | +137% |
| Operating charges | 60/66A | €21,158,454 | €22,882,315 | +€1.7m | +8.1% |
| Goods for resale, raw materials and consumables | 60 | €4,706,554 | €4,962,037 | +€255,483 | +5.4% |
| Purchases | 600/8 | €5,237,710 | €5,669,873 | +€432,162 | +8.3% |
| Change in stocks: decrease (increase) | 609 | -€531,156 | -€707,836 | -€176,679 | -33.3% |
| Services and other goods | 61 | €3,914,788 | €4,219,691 | +€304,902 | +7.8% |
| Remuneration, social security and pensions | 62 | €7,613,129 | €8,223,180 | +€610,051 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,757,410 | €5,375,964 | +€618,554 | +13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,179 | €18,248 | -€17,931 | -49.6% |
| Other operating charges | 640/8 | €130,365 | €82,649 | -€47,716 | -36.6% |
| Non-recurring operating charges | 66A | €30 | €547 | +€517 | +1,724% |
| Operating profit (loss) | 9901 | €860,591 | €775,091 | -€85,501 | -9.9% |
| Financial income | 75/76B | €225,262 | €202,745 | -€22,516 | -10.0% |
| Recurring financial income | 75 | €225,262 | €202,745 | -€22,516 | -10.0% |
| Income from current assets | 751 | €55,766 | €12,280 | -€43,486 | -78.0% |
| Other financial income | 752/9 | €169,496 | €190,465 | +€20,970 | +12.4% |
| Financial charges | 65/66B | €55,845 | €42,605 | -€13,240 | -23.7% |
| Recurring financial charges | 65 | €55,845 | €42,509 | -€13,336 | -23.9% |
| Debt charges | 650 | €51,828 | €40,167 | -€11,661 | -22.5% |
| Other financial charges | 652/9 | €4,017 | €2,342 | -€1,675 | -41.7% |
| Non-recurring financial charges | 66B | €0 | €96 | +€96 | |
| Profit (loss) for the period before taxes | 9903 | €1,030,008 | €935,231 | -€94,777 | -9.2% |
| Transfer from deferred taxes | 780 | €138,853 | €150,201 | +€11,348 | +8.2% |
| Income taxes | 67/77 | €451,522 | €438,995 | -€12,527 | -2.8% |
| Taxes | 670/3 | €451,522 | €438,995 | -€12,527 | -2.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €717,339 | €646,437 | -€70,902 | -9.9% |
| Transfer from tax-exempt reserves | 789 | €416,558 | €576,903 | +€160,345 | +38.5% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €526,250 | +€105,250 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €712,897 | €697,090 | -€15,807 | -2.2% |
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 27 October 2026 via checked.be.