DEPAMAR: 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.
DEPAMAR
Largest movements
- Tangible fixed assets -€31,756
down €31,756 (-22.0%), from €144,264 to €112,508
of which Land and buildings: -€19,123
- Stocks and contracts -€5,062
down €5,062 (-23.0%), from €22,038 to €16,976
- Receivables within one year -€4,474
down €4,474 (-56.9%), from €7,860 to €3,386
of which Other amounts receivable: -€4,277
- Profit (loss) carried forward -€25,453
down €25,453 (-13.9%), from -€182,954 to -€208,408
- Other debts +€17,761
up €17,761, from €0 to €17,761
- Debts after one year -€15,200
down €15,200 (-18.0%), from €84,668 to €69,468
- Accrued charges and deferred income -€8,176
down €8,176 (-82.9%), from €9,859 to €1,683
- Tax, wage and social debts -€6,697
down €6,697 (-47.9%), from €13,979 to €7,282
of which Remuneration and social security: -€6,162
- Depreciation -€8,169
down €8,169 (-16.3%), from €49,970 to €41,801
- Gross operating margin -€3,826
down €3,826 (-4.6%), from €83,395 to €79,569
- Staff costs +€1,599
up €1,599 (+3.3%), from €48,817 to €50,416
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 | €180,670 | €139,836 | -€40,834 | -22.6% |
| Fixed assets | 21/28 | €144,264 | €112,508 | -€31,756 | -22.0% |
| Tangible fixed assets | 22/27 | €144,264 | €112,508 | -€31,756 | -22.0% |
| Land and buildings | 22 | €110,661 | €91,538 | -€19,123 | -17.3% |
| Plant, machinery and equipment | 23 | €15,553 | €9,698 | -€5,855 | -37.6% |
| Furniture and vehicles | 24 | €18,050 | €11,272 | -€6,778 | -37.6% |
| Current assets | 29/58 | €36,406 | €27,329 | -€9,078 | -24.9% |
| Stocks and contracts in progress | 3 | €22,038 | €16,976 | -€5,062 | -23.0% |
| Stocks | 30/36 | €22,038 | €16,976 | -€5,062 | -23.0% |
| Amounts receivable within one year | 40/41 | €7,860 | €3,386 | -€4,474 | -56.9% |
| Trade receivables | 40 | €2,452 | €2,255 | -€197 | -8.0% |
| Other amounts receivable | 41 | €5,408 | €1,131 | -€4,277 | -79.1% |
| Current investments | 50/53 | €29 | €0 | -€29 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,152 | €2,360 | -€793 | -25.2% |
| Deferred charges and accrued income | 490/1 | €3,326 | €4,607 | +€1,281 | +38.5% |
| Total equity and liabilities | 10/49 | €180,670 | €139,836 | -€40,834 | -22.6% |
| Equity | 10/15 | €36,381 | €10,928 | -€25,453 | -70.0% |
| Contributions | 10/11 | €218,592 | €218,592 | = | 0.0% |
| Reserves | 13 | €744 | €744 | = | 0.0% |
| Distributable reserves | 133 | €744 | €744 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,954 | -€208,408 | -€25,453 | -13.9% |
| Amounts payable | 17/49 | €144,289 | €128,908 | -€15,380 | -10.7% |
| Amounts payable after more than one year | 17 | €84,668 | €69,468 | -€15,200 | -18.0% |
| Financial debts | 170/4 | €84,668 | €69,468 | -€15,200 | -18.0% |
| Amounts payable within one year | 42/48 | €49,761 | €57,756 | +€7,995 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €14,513 | €15,200 | +€687 | +4.7% |
| Financial debts | 43 | €5,388 | €0 | -€5,388 | -100.0% |
| Credit institutions | 430/8 | €5,388 | €0 | -€5,388 | -100.0% |
| Trade debts | 44 | €15,881 | €15,842 | -€39 | -0.2% |
| Suppliers | 440/4 | €13,581 | €15,842 | +€2,261 | +16.7% |
| Bills of exchange payable | 441 | €2,301 | €0 | -€2,301 | -100.0% |
| Advances received on contracts in progress | 46 | - | €1,672 | +€1,672 | |
| Taxes, remuneration and social security | 45 | €13,979 | €7,282 | -€6,697 | -47.9% |
| Taxes | 450/3 | €4,692 | €4,157 | -€535 | -11.4% |
| Remuneration and social security | 454/9 | €9,288 | €3,125 | -€6,162 | -66.3% |
| Other amounts payable | 47/48 | €0 | €17,761 | +€17,761 | |
| Accrued charges and deferred income | 492/3 | €9,859 | €1,683 | -€8,176 | -82.9% |
| Remuneration, social security and pensions | 62 | €48,817 | €50,416 | +€1,599 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,970 | €41,801 | -€8,169 | -16.3% |
| Other operating charges | 640/8 | €4,477 | €5,040 | +€563 | +12.6% |
| Gross operating margin | 9900 | €83,395 | €79,569 | -€3,826 | -4.6% |
| Operating profit (loss) | 9901 | -€19,869 | -€17,688 | +€2,181 | +11.0% |
| Financial income | 75/76B | €62 | €0 | -€62 | -99.4% |
| Recurring financial income | 75 | €62 | €0 | -€62 | -99.4% |
| Financial charges | 65/66B | €7,870 | €7,459 | -€410 | -5.2% |
| Recurring financial charges | 65 | €7,870 | €7,459 | -€410 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,677 | -€25,147 | +€2,529 | +9.1% |
| Income taxes | 67/77 | €301 | €306 | +€5 | +1.7% |
| Profit (loss) for the period | 9904 | -€27,977 | -€25,453 | +€2,524 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,977 | -€25,453 | +€2,524 | +9.0% |
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 10 October 2026 via checked.be.