DEPAJ: 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.
DEPAJ
Largest movements
- Tangible fixed assets -€19,778
down €19,778 (-2.6%), from €763,096 to €743,318
of which Land and buildings: -€19,763
- Debts after one year -€32,271
down €32,271 (-3.9%), from €823,265 to €790,994
- Profit (loss) carried forward +€12,638
up €12,638 (+16.4%), from -€77,060 to -€64,422
- Gross operating margin +€2,607
up €2,607 (+6.8%), from €38,206 to €40,814
- Other operating charges +€2,281
up €2,281 (+103.5%), from €2,203 to €4,484
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 | €801,910 | €781,325 | -€20,586 | -2.6% |
| Fixed assets | 21/28 | €770,506 | €749,498 | -€21,008 | -2.7% |
| Tangible fixed assets | 22/27 | €763,096 | €743,318 | -€19,778 | -2.6% |
| Land and buildings | 22 | €762,981 | €743,218 | -€19,763 | -2.6% |
| Furniture and vehicles | 24 | €115 | €100 | -€15 | -13.0% |
| Financial fixed assets | 28 | €7,410 | €6,180 | -€1,230 | -16.6% |
| Current assets | 29/58 | €31,404 | €31,827 | +€423 | +1.3% |
| Amounts receivable within one year | 40/41 | €1,004 | €0 | -€1,004 | -100.0% |
| Trade receivables | 40 | €1,004 | €0 | -€1,004 | -100.0% |
| Cash at bank and in hand | 54/58 | €30,129 | €30,527 | +€398 | +1.3% |
| Deferred charges and accrued income | 490/1 | €271 | €1,300 | +€1,029 | +380.2% |
| Total equity and liabilities | 10/49 | €801,910 | €781,325 | -€20,586 | -2.6% |
| Equity | 10/15 | -€47,060 | -€34,422 | +€12,638 | +26.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,060 | -€64,422 | +€12,638 | +16.4% |
| Amounts payable | 17/49 | €848,970 | €815,747 | -€33,223 | -3.9% |
| Amounts payable after more than one year | 17 | €823,265 | €790,994 | -€32,271 | -3.9% |
| Financial debts | 170/4 | €823,265 | €790,994 | -€32,271 | -3.9% |
| Amounts payable within one year | 42/48 | €25,705 | €24,753 | -€952 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €11,993 | €12,271 | +€278 | +2.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,712 | €12,482 | -€1,230 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,778 | €19,778 | = | 0.0% |
| Other operating charges | 640/8 | €2,203 | €4,484 | +€2,281 | +103.5% |
| Gross operating margin | 9900 | €38,206 | €40,814 | +€2,607 | +6.8% |
| Operating profit (loss) | 9901 | €16,225 | €16,552 | +€326 | +2.0% |
| Financial charges | 65/66B | €4,150 | €3,914 | -€237 | -5.7% |
| Recurring financial charges | 65 | €4,150 | €3,914 | -€237 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €12,075 | €12,638 | +€563 | +4.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €12,075 | €12,638 | +€563 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,075 | €12,638 | +€563 | +4.7% |
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 8 October 2026 via checked.be.