DEPALUX: 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.
DEPALUX
Largest movements
- Tangible fixed assets -€61,497
down €61,497 (-3.3%), from €1.8m to €1.8m
of which Land and buildings: -€61,497
- Cash -€44,698
down €44,698 (-38.9%), from €115,038 to €70,339
mainly Other debts (-€125,048) and Debts after one year (-€13,763)
- Other debts -€125,048
down €125,048 (-7.2%), from €1.7m to €1.6m
- Profit (loss) carried forward +€23,511
up €23,511 (+48.9%), from -€48,035 to -€24,524
- Depreciation -€62,803
down €62,803 (-42.3%), from €148,615 to €85,813
- Gross operating margin +€22,329
up €22,329 (+18.8%), from €118,738 to €141,067
- Taxes +€6,111
new in 2025: €6,111
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 | €2,053,129 | €1,928,449 | -€124,679 | -6.1% |
| Fixed assets | 21/28 | €1,936,482 | €1,856,434 | -€80,048 | -4.1% |
| Intangible fixed assets | 21 | €92,753 | €74,202 | -€18,551 | -20.0% |
| Tangible fixed assets | 22/27 | €1,843,729 | €1,782,232 | -€61,497 | -3.3% |
| Land and buildings | 22 | €1,843,729 | €1,782,232 | -€61,497 | -3.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €116,647 | €72,015 | -€44,631 | -38.3% |
| Cash at bank and in hand | 54/58 | €115,038 | €70,339 | -€44,698 | -38.9% |
| Deferred charges and accrued income | 490/1 | €1,609 | €1,676 | +€67 | +4.2% |
| Total equity and liabilities | 10/49 | €2,053,129 | €1,928,449 | -€124,679 | -6.1% |
| Equity | 10/15 | €176,819 | €193,689 | +€16,869 | +9.5% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €78,722 | €78,722 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,300 | €9,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,300 | €9,300 | = | 0.0% |
| Distributable reserves | 133 | €69,422 | €69,422 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,035 | -€24,524 | +€23,511 | +48.9% |
| Investment grants | 15 | €53,133 | €46,491 | -€6,642 | -12.5% |
| Amounts payable | 17/49 | €1,876,310 | €1,734,761 | -€141,549 | -7.5% |
| Amounts payable after more than one year | 17 | €115,165 | €101,403 | -€13,763 | -12.0% |
| Financial debts | 170/4 | €115,165 | €101,403 | -€13,763 | -12.0% |
| Amounts payable within one year | 42/48 | €1,761,144 | €1,633,358 | -€127,786 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €13,163 | €13,763 | +€599 | +4.6% |
| Trade debts | 44 | €5,814 | €4,985 | -€828 | -14.3% |
| Suppliers | 440/4 | €5,814 | €4,985 | -€828 | -14.3% |
| Taxes, remuneration and social security | 45 | €8,619 | €6,111 | -€2,508 | -29.1% |
| Taxes | 450/3 | €8,619 | €6,111 | -€2,508 | -29.1% |
| Other amounts payable | 47/48 | €1,733,548 | €1,608,500 | -€125,048 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,615 | €85,813 | -€62,803 | -42.3% |
| Other operating charges | 640/8 | €15,165 | €16,112 | +€947 | +6.2% |
| Non-recurring operating charges | 66A | - | €10,329 | +€10,329 | |
| Gross operating margin | 9900 | €118,738 | €141,067 | +€22,329 | +18.8% |
| Operating profit (loss) | 9901 | -€45,042 | €28,813 | +€73,855 | |
| Financial income | 75/76B | €6,642 | €6,642 | = | 0.0% |
| Recurring financial income | 75 | €6,642 | €6,642 | = | 0.0% |
| Financial charges | 65/66B | €6,207 | €5,834 | -€373 | -6.0% |
| Recurring financial charges | 65 | €6,207 | €5,834 | -€373 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,607 | €29,622 | +€74,228 | |
| Income taxes | 67/77 | - | €6,111 | +€6,111 | |
| Profit (loss) for the period | 9904 | -€44,607 | €23,511 | +€68,118 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,607 | €23,511 | +€68,118 |
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 5 October 2026 via checked.be.