DEPANO: 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.
DEPANO
Largest movements
- Tangible fixed assets -€15,518
down €15,518 (-6.2%), from €250,868 to €235,350
of which Land and buildings: -€16,047
- Receivables within one year -€3,960
down €3,960 (-29.2%), from €13,570 to €9,610
- Debts after one year -€9,830
down €9,830 (-4.1%), from €237,596 to €227,766
- Accrued charges and deferred income -€6,851
down €6,851 (-30.4%), from €22,524 to €15,673
- Trade debts -€3,179
down €3,179 (-59.6%), from €5,331 to €2,152
- Other debts +€2,719
up €2,719 (+5.9%), from €45,977 to €48,696
- Gross operating margin +€1,302
up €1,302 (+4.4%), from €29,650 to €30,952
- Financial charges -€700
down €700 (-4.6%), from €15,172 to €14,472
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,522 | €246,093 | -€19,429 | -7.3% |
| Fixed assets | 21/28 | €250,868 | €235,350 | -€15,518 | -6.2% |
| Tangible fixed assets | 22/27 | €250,868 | €235,350 | -€15,518 | -6.2% |
| Land and buildings | 22 | €250,786 | €234,738 | -€16,047 | -6.4% |
| Plant, machinery and equipment | 23 | €83 | €612 | +€529 | +637.5% |
| Current assets | 29/58 | €14,654 | €10,743 | -€3,910 | -26.7% |
| Amounts receivable within one year | 40/41 | €13,570 | €9,610 | -€3,960 | -29.2% |
| Trade receivables | 40 | €13,570 | €9,610 | -€3,960 | -29.2% |
| Deferred charges and accrued income | 490/1 | €1,084 | €1,134 | +€50 | +4.6% |
| Total equity and liabilities | 10/49 | €265,522 | €246,093 | -€19,429 | -7.3% |
| Equity | 10/15 | -€61,016 | -€63,007 | -€1,991 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43 | €43 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43 | €43 | = | 0.0% |
| Reserves not available under the articles | 1311 | €43 | €43 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,659 | -€81,650 | -€1,991 | -2.5% |
| Amounts payable | 17/49 | €326,538 | €309,100 | -€17,438 | -5.3% |
| Amounts payable after more than one year | 17 | €237,596 | €227,766 | -€9,830 | -4.1% |
| Financial debts | 170/4 | €237,596 | €227,766 | -€9,830 | -4.1% |
| Amounts payable within one year | 42/48 | €66,418 | €65,661 | -€757 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €9,295 | €9,830 | +€534 | +5.7% |
| Financial debts | 43 | €5,815 | €4,983 | -€832 | -14.3% |
| Credit institutions | 430/8 | €5,815 | €4,983 | -€832 | -14.3% |
| Trade debts | 44 | €5,331 | €2,152 | -€3,179 | -59.6% |
| Suppliers | 440/4 | €5,331 | €2,152 | -€3,179 | -59.6% |
| Other amounts payable | 47/48 | €45,977 | €48,696 | +€2,719 | +5.9% |
| Accrued charges and deferred income | 492/3 | €22,524 | €15,673 | -€6,851 | -30.4% |
| Non-recurring operating income | 76A | €6,452 | €6,452 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,115 | €16,127 | +€12 | +0.1% |
| Other operating charges | 640/8 | €2,273 | €2,343 | +€70 | +3.1% |
| Gross operating margin | 9900 | €29,650 | €30,952 | +€1,302 | +4.4% |
| Operating profit (loss) | 9901 | €11,262 | €12,481 | +€1,220 | +10.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,172 | €14,472 | -€700 | -4.6% |
| Recurring financial charges | 65 | €15,172 | €14,472 | -€700 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,911 | -€1,991 | +€1,920 | +49.1% |
| Profit (loss) for the period | 9904 | -€3,911 | -€1,991 | +€1,920 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,911 | -€1,991 | +€1,920 | +49.1% |
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.