DEPAR NET: 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.
DEPAR NET
Largest movements
- Receivables within one year +€23,348
up €23,348 (+80.4%), from €29,055 to €52,403
of which Trade receivables: +€23,511
- Deferred charges and accrued income -€11,043
down €11,043 (-86.8%), from €12,721 to €1,678
- Cash -€6,760
down €6,760 (-40.9%), from €16,530 to €9,770
mainly Receivables within one year (-€23,348) and Trade debts (-€14,464)
- Tangible fixed assets -€2,856
down €2,856 (-36.1%), from €7,907 to €5,051
of which Furniture and vehicles: -€2,486
- Reserves +€14,920
up €14,920 (+11.7%), from €127,352 to €142,272
of which Distributable reserves: +€16,963
- Trade debts -€14,464
down €14,464 (-53.0%), from €27,303 to €12,839
- Short-term financial debts -€6,019
down €6,019 (-28.6%), from €21,019 to €15,001
- Tax, wage and social debts +€4,505
up €4,505 (+27.8%), from €16,189 to €20,694
of which Remuneration and social security: +€6,771
- Profit (loss) carried forward +€4,227
no longer reported in 2025 (was -€4,227)
- Gross operating margin +€114,924
up €114,924 (+105%), from €109,603 to €224,527
- Staff costs +€67,884
up €67,884 (+56.5%), from €120,060 to €187,944
- Financial income -€11,065
down €11,065 (-100.0%), from €11,071 to €5
of which Non-recurring financial income: -€11,064
- Taxes +€6,040
up €6,040 (+3,635%), from €166 to €6,206
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.
Derived cash bridge
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 | €220,147 | €222,836 | +€2,688 | +1.2% |
| Fixed assets | 21/28 | €11,841 | €8,985 | -€2,856 | -24.1% |
| Tangible fixed assets | 22/27 | €7,907 | €5,051 | -€2,856 | -36.1% |
| Plant, machinery and equipment | 23 | €2,162 | €1,792 | -€370 | -17.1% |
| Furniture and vehicles | 24 | €5,745 | €3,259 | -€2,486 | -43.3% |
| Financial fixed assets | 28 | €3,934 | €3,934 | = | 0.0% |
| Current assets | 29/58 | €208,306 | €213,851 | +€5,545 | +2.7% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Trade receivables | 290 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,055 | €52,403 | +€23,348 | +80.4% |
| Trade receivables | 40 | €25,820 | €49,331 | +€23,511 | +91.1% |
| Other amounts receivable | 41 | €3,235 | €3,072 | -€164 | -5.1% |
| Cash at bank and in hand | 54/58 | €16,530 | €9,770 | -€6,760 | -40.9% |
| Deferred charges and accrued income | 490/1 | €12,721 | €1,678 | -€11,043 | -86.8% |
| Total equity and liabilities | 10/49 | €220,147 | €222,836 | +€2,688 | +1.2% |
| Equity | 10/15 | €141,726 | €160,872 | +€19,147 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,352 | €142,272 | +€14,920 | +11.7% |
| Non-distributable reserves | 130/1 | €2,043 | - | -€2,043 | |
| Reserves not available under the articles | 1311 | €2,043 | - | -€2,043 | |
| Distributable reserves | 133 | €125,309 | €142,272 | +€16,963 | +13.5% |
| Profit (loss) carried forward | 14 | -€4,227 | - | +€4,227 | |
| Amounts payable | 17/49 | €78,422 | €61,963 | -€16,458 | -21.0% |
| Amounts payable within one year | 42/48 | €64,629 | €49,665 | -€14,964 | -23.2% |
| Financial debts | 43 | €21,019 | €15,001 | -€6,019 | -28.6% |
| Credit institutions | 430/8 | €21,019 | €15,001 | -€6,019 | -28.6% |
| Trade debts | 44 | €27,303 | €12,839 | -€14,464 | -53.0% |
| Suppliers | 440/4 | €27,303 | €12,839 | -€14,464 | -53.0% |
| Taxes, remuneration and social security | 45 | €16,189 | €20,694 | +€4,505 | +27.8% |
| Taxes | 450/3 | €4,779 | €2,514 | -€2,266 | -47.4% |
| Remuneration and social security | 454/9 | €11,409 | €18,180 | +€6,771 | +59.3% |
| Other amounts payable | 47/48 | €117 | €1,131 | +€1,014 | +868% |
| Accrued charges and deferred income | 492/3 | €13,793 | €12,299 | -€1,495 | -10.8% |
| Remuneration, social security and pensions | 62 | €120,060 | €187,944 | +€67,884 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,505 | €3,406 | +€902 | +36.0% |
| Other operating charges | 640/8 | €3,292 | €5,294 | +€2,002 | +60.8% |
| Gross operating margin | 9900 | €109,603 | €224,527 | +€114,924 | +105% |
| Operating profit (loss) | 9901 | -€16,254 | €27,883 | +€44,137 | |
| Financial income | 75/76B | €11,071 | €5 | -€11,065 | -100.0% |
| Recurring financial income | 75 | €7 | €5 | -€2 | -22.3% |
| Non-recurring financial income | 76B | €11,064 | - | -€11,064 | |
| Financial charges | 65/66B | €3,542 | €2,536 | -€1,006 | -28.4% |
| Recurring financial charges | 65 | €3,542 | €2,536 | -€1,006 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,725 | €25,353 | +€34,077 | |
| Income taxes | 67/77 | €166 | €6,206 | +€6,040 | +3,635% |
| Profit (loss) for the period | 9904 | -€8,891 | €19,147 | +€28,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,891 | €19,147 | +€28,038 |
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 16 October 2026 via checked.be.