Depanchoc: 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.
Depanchoc
Largest movements
- Receivables within one year +€82,971
up €82,971 (+121.5%), from €68,273 to €151,245
of which Other amounts receivable: +€76,567
- Stocks and contracts +€11,175
up €11,175 (+32.4%), from €34,533 to €45,708
- Cash +€6,511
up €6,511 (+30.4%), from €21,423 to €27,935
mainly Trade debts (+€51,482) and Net result for the year (+€21,999)
- Tangible fixed assets -€3,470
down €3,470 (-11.3%), from €30,653 to €27,183
- Trade debts +€51,482
up €51,482 (+198.2%), from €25,976 to €77,457
- Reserves +€21,999
up €21,999 (+35.0%), from €62,776 to €84,774
- Short-term financial debts +€19,176
new in 2025: €19,176
- Advances received +€3,797
new in 2025: €3,797
- Staff costs +€145,692
up €145,692 (+232.3%), from €62,714 to €208,405
- Gross operating margin +€99,522
up €99,522 (+66.9%), from €148,756 to €248,279
- Taxes -€11,938
down €11,938 (-58.7%), from €20,321 to €8,382
- Other operating charges +€5,510
up €5,510 (+5645.5%), from €98 to €5,608
- Financial income +€5,001
up €5,001 (+259.0%), from €1,931 to €6,932
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 | €154,882 | €252,070 | +€97,187 | +62.7% |
| Fixed assets | 21/28 | €30,653 | €27,183 | -€3,470 | -11.3% |
| Tangible fixed assets | 22/27 | €30,653 | €27,183 | -€3,470 | -11.3% |
| Other tangible fixed assets | 26 | €30,653 | €27,183 | -€3,470 | -11.3% |
| Current assets | 29/58 | €124,229 | €224,887 | +€100,658 | +81.0% |
| Stocks and contracts in progress | 3 | €34,533 | €45,708 | +€11,175 | +32.4% |
| Stocks | 30/36 | €34,533 | €45,708 | +€11,175 | +32.4% |
| Amounts receivable within one year | 40/41 | €68,273 | €151,245 | +€82,971 | +121.5% |
| Trade receivables | 40 | €22 | €6,427 | +€6,405 | +29112.6% |
| Other amounts receivable | 41 | €68,251 | €144,818 | +€76,567 | +112.2% |
| Cash at bank and in hand | 54/58 | €21,423 | €27,935 | +€6,511 | +30.4% |
| Total equity and liabilities | 10/49 | €154,882 | €252,070 | +€97,187 | +62.7% |
| Equity | 10/15 | €67,776 | €89,774 | +€21,999 | +32.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,776 | €84,774 | +€21,999 | +35.0% |
| Distributable reserves | 133 | €62,776 | €84,774 | +€21,999 | +35.0% |
| Amounts payable | 17/49 | €87,107 | €162,295 | +€75,189 | +86.3% |
| Amounts payable within one year | 42/48 | €86,797 | €162,295 | +€75,498 | +87.0% |
| Financial debts | 43 | - | €19,176 | +€19,176 | |
| Credit institutions | 430/8 | - | €19,176 | +€19,176 | |
| Trade debts | 44 | €25,976 | €77,457 | +€51,482 | +198.2% |
| Suppliers | 440/4 | €25,976 | €77,457 | +€51,482 | +198.2% |
| Advances received on contracts in progress | 46 | - | €3,797 | +€3,797 | |
| Taxes, remuneration and social security | 45 | €60,821 | €61,865 | +€1,044 | +1.7% |
| Taxes | 450/3 | €25,363 | €22,031 | -€3,332 | -13.1% |
| Remuneration and social security | 454/9 | €35,459 | €39,834 | +€4,375 | +12.3% |
| Accrued charges and deferred income | 492/3 | €310 | €0 | -€310 | -100.0% |
| Remuneration, social security and pensions | 62 | €62,714 | €208,405 | +€145,692 | +232.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €3,470 | +€1,653 | +91.0% |
| Other operating charges | 640/8 | €98 | €5,608 | +€5,510 | +5645.5% |
| Gross operating margin | 9900 | €148,756 | €248,279 | +€99,522 | +66.9% |
| Operating profit (loss) | 9901 | €84,128 | €30,795 | -€53,333 | -63.4% |
| Financial income | 75/76B | €1,931 | €6,932 | +€5,001 | +259.0% |
| Recurring financial income | 75 | €1,931 | €6,932 | +€5,001 | +259.0% |
| Financial charges | 65/66B | €2,963 | €7,346 | +€4,383 | +148.0% |
| Recurring financial charges | 65 | €2,963 | €7,346 | +€4,383 | +148.0% |
| Profit (loss) for the period before taxes | 9903 | €83,096 | €30,381 | -€52,715 | -63.4% |
| Income taxes | 67/77 | €20,321 | €8,382 | -€11,938 | -58.7% |
| Profit (loss) for the period | 9904 | €62,776 | €21,999 | -€40,777 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,776 | €21,999 | -€40,777 | -65.0% |
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.