DePaRes: 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.
DePaRes
Largest movements
- Cash -€38,433
down €38,433 (-17.9%), from €215,232 to €176,800
mainly Contributions, distributions and other (-€90,000) and Receivables within one year (-€22,134)
- Tangible fixed assets -€23,600
down €23,600 (-8.9%), from €263,718 to €240,117
of which Land and buildings: -€27,679
- Receivables within one year +€22,134
up €22,134 (+130.6%), from €16,946 to €39,081
of which Other amounts receivable: +€33,923
- Advances received -€14,375
down €14,375 (-100.0%), from €14,375 to €0
- Debts after one year -€13,731
down €13,731 (-8.6%), from €160,090 to €146,359
- Reserves -€10,000
down €10,000 (-3.7%), from €270,000 to €260,000
- Tax, wage and social debts +€8,517
up €8,517 (+158.5%), from €5,374 to €13,891
of which Taxes: +€8,517
- Gross operating margin +€11,120
up €11,120 (+8.1%), from €136,924 to €148,044
- Taxes +€5,758
up €5,758 (+25.0%), from €23,019 to €28,777
- Depreciation +€1,533
up €1,533 (+4.1%), from €37,252 to €38,785
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 | €495,984 | €456,138 | -€39,846 | -8.0% |
| Fixed assets | 21/28 | €263,718 | €240,117 | -€23,600 | -8.9% |
| Tangible fixed assets | 22/27 | €263,718 | €240,117 | -€23,600 | -8.9% |
| Land and buildings | 22 | €258,962 | €231,283 | -€27,679 | -10.7% |
| Plant, machinery and equipment | 23 | €2,954 | €1,554 | -€1,399 | -47.4% |
| Furniture and vehicles | 24 | €1,802 | €4,172 | +€2,369 | +131.5% |
| Assets under construction and advance payments | 27 | - | €3,109 | +€3,109 | |
| Current assets | 29/58 | €232,266 | €216,021 | -€16,246 | -7.0% |
| Amounts receivable within one year | 40/41 | €16,946 | €39,081 | +€22,134 | +130.6% |
| Trade receivables | 40 | €14,483 | €2,694 | -€11,789 | -81.4% |
| Other amounts receivable | 41 | €2,463 | €36,386 | +€33,923 | +1377.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €215,232 | €176,800 | -€38,433 | -17.9% |
| Deferred charges and accrued income | 490/1 | €88 | €140 | +€53 | +60.1% |
| Total equity and liabilities | 10/49 | €495,984 | €456,138 | -€39,846 | -8.0% |
| Equity | 10/15 | €292,755 | €280,112 | -€12,643 | -4.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €270,000 | €260,000 | -€10,000 | -3.7% |
| Distributable reserves | 133 | €270,000 | €260,000 | -€10,000 | -3.7% |
| Profit (loss) carried forward | 14 | €7,755 | €5,112 | -€2,643 | -34.1% |
| Amounts payable | 17/49 | €203,229 | €176,026 | -€27,203 | -13.4% |
| Amounts payable after more than one year | 17 | €160,090 | €146,359 | -€13,731 | -8.6% |
| Financial debts | 170/4 | €160,090 | €146,359 | -€13,731 | -8.6% |
| Amounts payable within one year | 42/48 | €43,139 | €29,667 | -€13,472 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €16,560 | €13,731 | -€2,829 | -17.1% |
| Trade debts | 44 | €1,246 | €434 | -€811 | -65.1% |
| Suppliers | 440/4 | €1,246 | €434 | -€811 | -65.1% |
| Advances received on contracts in progress | 46 | €14,375 | €0 | -€14,375 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,374 | €13,891 | +€8,517 | +158.5% |
| Taxes | 450/3 | €3,374 | €11,891 | +€8,517 | +252.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €5,584 | €1,611 | -€3,973 | -71.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,252 | €38,785 | +€1,533 | +4.1% |
| Other operating charges | 640/8 | €1,135 | €981 | -€154 | -13.5% |
| Gross operating margin | 9900 | €136,924 | €148,044 | +€11,120 | +8.1% |
| Operating profit (loss) | 9901 | €98,538 | €108,278 | +€9,740 | +9.9% |
| Financial income | 75/76B | €2,087 | €1,794 | -€293 | -14.0% |
| Recurring financial income | 75 | €2,087 | €1,794 | -€293 | -14.0% |
| Financial charges | 65/66B | €3,690 | €3,938 | +€248 | +6.7% |
| Recurring financial charges | 65 | €3,690 | €3,938 | +€248 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €96,935 | €106,135 | +€9,200 | +9.5% |
| Income taxes | 67/77 | €23,019 | €28,777 | +€5,758 | +25.0% |
| Profit (loss) for the period | 9904 | €73,916 | €77,357 | +€3,442 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,916 | €77,357 | +€3,442 | +4.7% |
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 11 October 2026 via checked.be.